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2013: Issue 377, W eek: 1st - 4th July
A W eekly U pdate from SM C
(For private circulation only)
W ISE M N EY
(Saurabh Jain)
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
Fixed Deposit 16
Mutual Fund 17-18
EDITORIAL STAFF
Editor Saurabh Jain
Executive Editor Jagannadham Thunuguntla
+Editorial Team
Dr. R.P. Singh Nitin Murarka
Vandana Bharti Tejas Seth
Sandeep Joon Dinesh Joshi
Vineet Sood Shitij Gandhi
Dhirender Singh Bisht Subhranil Dey
Parminder Chauhan Ajay Lakra
Mudit Goyal
Content Editor Kamla Devi
Graphic Designer Pramod Chhimwal
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Tel : 91-79-26424801 - 05, 40049801 - 03
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lobal stock markets saw some lower level buying after revised estimates of
economic expansion of U.S. to 1.8% from 2.4% for the quarter ending March
Gstocked expectations that Fed would hold its bond purchase program.
However, other economic data like consumer spending, pending home sales, falling
jobless claims points out to better economic health. Chinese stock markets are seeing
continuous pressure as a result of government efforts to curb credit boom amid
concerns of sharp rise in non-performing loans.
The Indian Rupee that surpassed 60 to a dollar got some breather towards the end of
the week after RBI release showed that current account deficit got narrowed to 3.6%
of GDP for the quarter ending March from 6.7% in the prior month. The respite in the
rupee is expected to be short lived as the data pertains to a prior period and markets
are more interested to gauge the current statistics. As a matter of fact, Gold imports
got nearly doubled in the current quarter. Financial Stability Report released by the
Reserve Bank of India indicated some of the risks that have come up in the last six
months with regard to economic growth, external sector and corporate sector
performance. The report also talked about increasing risks to banking sector as a
result of tight liquidity and deteriorating asset quality.
Recently, government resorted to new gas pricing formula by virtue of which gas
prices would increase to $8.4 mbtu from $4.2 mbtu with effect from 1st April 2014.
But there are certain conditions attached to it like the producers have to abide by
their current contract with the companies at the agreed price till the expiration of
contract. Further, the Finance Minister has also indicated that the government is
having cognizance of the situation for the fertilizer and power industry because of
which prices increase and therefore he said that a suitable decision would be taken in
due course. Government has also approved the setting up of a regulator for the coal
pricing policy.
On the commodities front, bullion counter may remain under the grip of bears but
some short covering can be seen in the near term. Gold melted sharply lower recently
as positive economic data from U.S. reinstated the belief that Fed may end the
monetary stimulus soon. Heavy liquidation in the SPDR gold trust fund and rise in
greenback are the key factors for the selloff. Meanwhile the recent fall in gold prices
will prop up physical buying especially in Asia. The movement of dollar index will also
be closely watched, which can recover towards 84 in the near term. Middle East
tensions and strong recovery in the US economy may guide the movement of crude oil
in the near term. Meanwhile movement of local currency rupee will also influence the
movement of bullions and energy. After testing nearly 60.70 it managed to recover
from all time lows after the Indian current account deficit was lower than expected
$18.1 billion in the first quarter, compared to expectations of $21 billion. In agro pack,
Mustard seed recovered on weak arrivals and rise in demand from consumers,
retailers and wholesalers. Weak demand and rise in selling pressure may keep edible
oil prices under pressure.
From The Desk Of Editor
4
NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".
2) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second
resistance respectively.
3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and
taking a long-term view and not a short-term view.
TREND SHEET
Stocks Closing Trend Date Rate S1 R1 S2 R2 Cl.
Price Trend Trend S/l
Changed Changed
SENSEX 18876 DOWN 13.06.13 1827 19400 19700 19900
S&P NIFTY 5682 DOWN 13.06.13 5699 5900 5950 6020
CNX IT 6587 DOWN 17.04.13 6236 6550 6700 6850
CNX BANK 11236 DOWN 13.06.13 11687 12100 12400 12700
ACC 1203 DOWN 17.01.13 1359 1230 1260 1300
BHARTIAIRTEL 281 DOWN 13.06.13 288 300 310 320
BHEL 163 DOWN 01.11.12 227 180 190 195
CIPLA 388 DOWN 30.05.13 383 385 395 405
DLF 176 DOWN 21.03.13 239 195 205 210
HINDALCO 96 DOWN 13.06.13 97 103 105 108
ICICI BANK 1031 DOWN 13.06.13 1069 1110 1140 1160
INFOSYS 2483 DOWN 17.04.13 2284 2450 2550 2600
ITC 322 UP 04.03.11 172 315 305 300
L&T 1350 DOWN 23.05.13 1418 1460 1480 1500
MARUTI 1521 DOWN 13.06.13 1457 1530 1560 1600
NTPC 140 DOWN 20.06.13 140 149 154 158
ONGC 320 DOWN 13.06.13 309 320 325 330
RELIANCE 830 DOWN 28.02.13 814 830 850 860
TATASTEEL 264 DOWN 07.02.13 390 290 305 320
NEWS
EX-DATE SYMBOL PURPOSE
2-JUL-13 GODREJPROP DIVIDEND - RS.4/- PER SHARE
4-JUL-13 CANBK DIVIDEND RS 13/- PER SHARE
4-JUL-13 KOTAKBANK DIVIDEND RE 0.70/- PER SHARE
4-JUL-13 KPIT DIVIDEND RE 0.90/- PER SHARE
4-JUL-13 M&MFIN DIVIDEND - FINAL RS.3.40 + SPECIAL RE.0.20
PER SHARE
4-JUL-13 ASHOKLEY DIVIDEND - RE.0.60/- PER EQUITY SHARE
4-JUL-13 BAJAJFINSV DIVIDEND RS.1.50/- PER EQUITY SHARE
4-JUL-13 BAJFINANCE DIVIDEND RS.15/- PER SHARE
4-JUL-13 UNIPHOS DIVIDEND - RS 2.50/- PER SHARE
4-JUL-13 BAJAJ-AUTO DIVIDEND - RS.45/- PER EQUITY SHARE
5-JUL-13 AXISBANK DIVIDEND RS.18/- PER EQUITY SHARE
5-JUL-13 PIDILITIND DIVIDEND RS 2.6/- PER EQUITY SHARE
8-JUL-13 CENTURYTEX DIVIDEND RS.5.50 PER SHARE
9-JUL-13 LICHSGFIN FINAL DIVIDEND RS.3.80/- PER EQUITY SHARE
10-JUL-13 CESC DIVIDEND RS.7/- PER SHARE
10-JUL-13 HINDUNILVR FINAL DIVIDEND RS.6/- PER EQUITY SHARE
10-JUL-13 CAIRN FINAL DIVIDEND RS.6.50 PER EQUITY SHARE
11-JUL-13 ANDHRABANK FINAL DIVIDEND RS.5/- PER EQUITY SHARE
11-JUL-13 BIOCON FINAL DIVIDEND RS 5/- PER SHARE + SPECIAL
DIVIDEND RS 2.5/- PER SHARE
12-JUL-13 JSWENERGY FINAL DIVIDEND RS.2/- PER EQUITY SHARE
12-JUL-13 DRREDDY DIVIDEND RS.15/- PER SHARE
15-JUL-13 JSWSTEEL DIVIDEND - RS.10/- PER EQUITY SHARE
15-JUL-13 DBCORP DIVIDEND RS.3.50 PER SHARE
15-JUL-13 TATASTEEL DIVIDEND - RS.8/- PER ORDINARY SHARE
16-JUL-13 TITAN DIVIDEND RS 2.10/- PER SHARE
17-JUL-13 BERGEPAINT DIVIDEND RS.1.80 PER SHARE
18-JUL-13 EVERESTIND DIVIDEND - RS.7.50/- PER EQUITY SHARE
18-JUL-13 IDFC DIVIDEND @ RS 2.60/- PER EQUITY SHARE
18-JUL-13 ARVIND DIVIDEND RS 1.65/- PER SHARE
FORTHCOMING EVENTS
DOMESTIC NEWS
Economy
The government has approved near doubling of natural gas prices to $8.4
from April 1 next year, a move which will result in rise in power tariff, urea
cost and CNG prices.
India's external debt rose by nearly 13% to $390 billion in 2012-13, mainly
due to rise in short-term trade credit and external commercial borrowings
(ECBs) in the back of high current account deficit.
The current account gap in the March quarter was $18.1 billion, or 3.6
percent of GDP, lower than 4.4 percent gap forecast in a Reuters poll of
economists and below the $21.7 billion deficit a year earlier. The current
account gap for the full fiscal year ending in March 2013 was $87.8 billion,
compared with $78.2 billion a year earlier.
Construction
Realty firm Godrej Properties, which plans to launch Rs 700 crore rights
issue in September, would utilise `525 crore from the net proceeds to
reduce its debt.
Pharmaceuticals
Following United States food and Drug Administration's approval to its
abbreviated new drug application (ANDA), Hyderabad-based
pharmaceutical major Dr Reddy's Laboratories Limited has launched
Lamotrigine Extended-Release (XR) tablets in the US market.
Supreme Court (SC), dismissed a public interest litigation (PIL) seeking a
probe against Ranbaxy Laboratories for allegedly manufacturing and
selling substandard medicines due to lack of evidence against the company.
Mining & Metal
NMDC plans to ramp up its capex by about 70% to `2,720 crore in the current
fiscal and a major part of these funds would be spent on its upcoming steel
project in Chhattigarh.
The Union Cabinet has approved a proposal for a coal sector regulator,
which will now need parliament's approval to become law. Once the coal
regulator is place, Coal India will have to adopt a formula for price fixing,
based on the quality of the fuel outlined by the regulator.
Energy
Indian Oil Corporation's refinery at Paradip is all set to be commissioned by
October this year. The `29,777-crore project has already achieved 93.2 per
cent progress.
FMCG
Emami Ltd has relaunched its men fairness cream, Fair and Handsome
which was the first brand to create this segment. The company expects the
relaunch will grow its share in the category to 65% from 58% at present.
Bank/Financial
Reliance Capital said Japan's Sumitomo Mitsui Bank and Nippon Life would
become its strategic partners in the proposed banking venture, with each
having 4-5% stake.
INTERNATIONAL NEWS
The U.S Commerce Department said its final reading on first quarter gross
domestic product showed 1.8 percent growth, well below the previous
estimate of a 2.4 percent increase.
National Association of Realtors said its pending home sales index jumped
6.7 percent to 112.3 in May after dipping 0.5 percent to a downwardly
revised 105.2 in April. Economists had been expecting the index to rise by
about 1.0 percent.
The U.S Labor Department report said initial jobless claims dipped to
346,000, a decrease of 9,000 from the previous week's revised figure of
355,000. Economists had been expecting jobless claims to fall to 345,000
from the 354,000 originally reported for the previous week.
The U.S Commerce Department report said personal income rose by 0.5
percent in May after edging up by a revised 0.1 percent in April. Economists
had been expecting income to increase by about 0.2 percent.
The U.S Conference Board said its consumer confidence index surged up to
81.4 in June from a downwardly revised 74.3 in May. Economists had been
expecting the index to dip to 75.0 from the 76.2 originally reported for the
previous month.
Eurozone economic sentiment index improved for the second straight
month in June, to 91.3 from 89.5 a month ago. The reading exceeded the
consensus forecast of 90.4.
Industrial production in Japan was up a seasonally adjusted 2.0 percent in
May compared to the previous month, the Ministry of Economy, Trade and
Industry said. That beat forecasts for an increase of 0.2 percent following
the 0.9 percent gain in April.

5
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
SMC Trend
FMCG
Healthcare
FTSE 100
CAC 40
Auto
Bank
Realty
Cap Goods
Cons Durable
Oil & Gas
Power
Nasdaq
Dow jones
S&P 500
Nikkei
Strait times
Hang Seng
Shanghai
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
IT
Metal
Down Sideways Up
SMC Trend
Nifty BSE Midcap Nifty Junior Sensex BSE Smallcap S&P CNX 500
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)

0.26
0.54
-3.40
-2.62
-2.01
-0.59
-4.00
-3.50
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
Nifty Sensex BSE Midcap BSE
Smallcap
Nifty Junior S&P CNX
500
-2.40
-0.91
-3.06
-6.14
-0.81
-0.11
-2.62
3.28
3.12
-2.05
-2.92
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
AutoIndex Bankex CapGoods
Index
ConsDurable
Index
FMCGIndex Healthcare
Index
ITIndex Metal Index Oil &Gas
Index
Power Index RealtyIndex
-0.13
-0.21
-5.94
1.33
1.52
1.30
0.87
2.08
2.85
-7.00
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
NasdaqComp. DowJones S&P500 Nikkei Strait Times HangSeng Shanghai
Comp.
FTSE100 CAC40
4.66 4.60
4.07
2.91
2.50
-6.15
-4.45
-4.09
-3.91 -3.85
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
TCS Reliance
Inds.
ONGC GAIL(India) Sun
Pharma.Inds.
TataMotors BHEL Coal India Bharti Airtel St Bkof India
4.90 4.83
4.69
4.06
3.36
-11.45
-9.02
-7.63
-7.36
-5.84
-14.00
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
TCS HCL
Technologies
Reliance
Inds.
ONGC ACC JP Associates Ranbaxy
Labs.
I DFC SAI L TataMotors
FII Activity MF Activity
-1747.30
-1526.00
-1320.50
-561.60
173.60
54.30
166.80
94.70
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
Friday Monday Tuesday Wednesday Thursday
FII Activity
Above calls are recommended with a time horizon of 1 year.
Beat the street - Fundamental Analysis
6

Face Value ( ) 10.00

52 Week High/Low 227.00 / 131.35
M.Cap (` Cr.) 18321.88
EPS (`) 33.48
P/E Ratio (times) 4.15
P/B Ratio (times) 0.76
Stock Exchange BSE
`
VALUE PARAMETERS
% OF SHARE HOLDING
POWER FINANCE CORPORATION LIMITED CMP: 138.80 Upside: 19% Target Price: 165
Investment Rationale at `1,294 crore. Increase in PAT was on account of
For FY'14, the company has targeted sanctions its spread increasing by 66 basis points to 2.99 per
(excl. Restructured Accelerated Power cent from 2.33 per cent. The net income in the
Development and Reforms Programme (R-APDRP)) fourth quarter rose by 27 per cent to `4,670 crore.
to be Rs 59000 crore, disbursements (excl. R- Valuation
APDRP) to be `47000 crore and resource The asset quality of the company has shown some sign
mobilization of `44000 crore. For FY'13, sanctions of improvement during the quarter ended March
(excl. R-APDRP) grew by 26% to `75147 crore and 2013. Meanwhile the net interest margin of the
disbursements (excl. R-APDRP), grew by 13% to Rs company has been improving consistently. Going
45151 crore. Loan assets increased by 23% to forward the company is expected to maintain
`160367 crore. sustainable revenue growth on the back of strong
Loan assets of the company as on March 2013 loan pipeline. Recently the government has taken
stood at `160,453 crores. It comprises of assets couple of reform measures to stimulate power sector
like financial restructuring package to SEBs, for generation projects of `126,773 crores,
increased momentum in the signing of fuel supply transmission projects `11,089 crores, distribution
agreements by Coal India, and expectation of further projects `6,144 crores and others (including
tariff hikes by state power distribution companies, transition loans) of `16,447 crores
these would increase investment activities in the Capital Adequacy Ratio has improved to 17.98% at
sector. It would resultantly benefit the companies end March 2013 compared to 16.29% a year earlier.
like PFC. We expect the stock to see a price target of GNPA declined 33 bps YoY and 19 bps QoQ to
Rs.165 in one year time frame on a target P/B of 0.71%, while NNPA dipped 30 bps YoY and 19 bps
0.80x and FY14 (E) book value per share of Rs.205.84. QoQ to 0.63% at end March 2013.
Restructured assets as on Mar 2013 stood around
`7000 crore, which includes about `1100 crore of
Sasun project.
NIM of the company rose 06 bps YoY to 4.48% in
Q4FY2013 and 51 bps YoY to 4.40% in FY2013, with
the increase in yield on assets and nearly steady
cost of funds.
The company has reduced its cost of funds by
increasing proportion of low-cost tax free bonds
and foreign currency borrowings. In the December
quarter, the company raised tax-free bonds of Rs
1,110 crores, and external commercial borrowing
(ECB) of $250 million.
The company has reported 58 per cent increase in
its net profit during the fourth quarter of 2012-13
` in cr
Particular Mar 2013 Mar 2014 Mar 2015
Net Total Income 6,083.30 7,357.48 8,395.11
EBIT 5,954.76 7,030.06 8,037.82
Pre-Tax Profit 5,967.04 6,705.20 7,568.93
Net Profit 4,419.60 4,888.58 5,540.64
EPS 33.48 37.03 41.87
BVPS 183.01 205.84 233.14
ROE 19.75 19.25 18.98
P/BV Chart
Face Value ( ) 2.00
52 Week High/Low 175.00 / 105.15
M.Cap (` Cr.) 30967.95
EPS (`) 7.84
P/E Ratio (times) 19.08
P/B Ratio (times) 4.19
Stock Exchange BSE
`
` in cr
Particular Mar 2013 Mar 2014 Mar 2015
Revenue 3,486.42 4,492.76 5,343.51
EBITDA 2,375.98 3,065.20 3,639.96
EBIT 1,954.01 2,556.86 3,082.84
Pre-Tax Profit 1,676.61 2,021.82 2,608.21
Net Profit 1,623.22 1,826.03 2,245.34
EPS 8.10 9.07 11.15
BVPS 35.72 39.57 49.99
ROE 27.43 24.85 24.92
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale dry, bulk, break bulk, liquid, crude oil, project
cargo, cars and containers which diversify its
Adani Ports, handled 82.13 million tonnes of cargo
business risks which is a unique model for private
and 1.74 million TEUs (twenty-foot equivalent
ports.
units) container volume with 21 per cent growth
and 14 per cent growth, respectively, in FY13,
The consolidated net profit of the company rose
compared to a contraction of 3 per cent for cargo
47.29% to `1623.22 crore on 39.74% growth in
and 1 per cent for container volume at all other total income to `3841.07 crore in the year ended 31
ports. It also became India's topmost coal March 2013 over the year ended 31 March 2012.
handling port with 26.76 mt in 2012-13.
Valuation
The company is in the process of divesting its
APSEZ is the biggest private port company with a
entire equity holding in Adani Abbot Point Terminal
diversified cargo mix. It also enjoys location
Holdings Pty (AAPTHPL) and entire redeemable
advantage and strong operating margins. Recent
preference shares holding in Mundra Port Pty
stake sale in Adani Abbot Point Terminal Holdings Pty
(MPPL) representing Australia Abbot Point
(AAPTHPL) would help the company to expand its
operations to Promoter Company, Abbot Point Port
capacity and look for other opportunities in the
Holdings Pte, Singapore for consideration of AUD
coming quarters. We expect the stock to see a price
235.71 million. This divestment will further
target of 207 in one year time frame on a one year
enhance the financial strength of APSEZ in order
average P/E of 22.85x and FY14 (E) EPS of `9.07.
to pursue its plans to acquire/set up new ports and
logistics assets in India.
Adani Ports currently owns and operates two ports
Mundra and Dahej in Gujarat, India. The
company is also developing ports at Hazira,
Mormugao, Visakhapatnam and Kandla in India
and Dudgeon Point in Australia. It plans to
increase its annual cargo handling capacity from
78 mt in 2012 to 200 mt by 2020.
It aims to handle 100 million tons of cargo by the
year 2013-14 which will make it the No.1 port in
India in terms of cargo volumes.
The company has a diverse cargo base including
`
P/E Chart
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED CMP: 149.60 Upside: 39% Target Price: 207
Source: Company Website
Reuters
Capitaline
15.53 5.21
0.97
75
3.29
Foreign
Institutions
Non Promoter Corporate
Holding
Promoters
Public& Others
12.54
8.82
2.13
73.72
2.79 Foreign
Institutions
Non Promoter Corporate
Holding
Promoters
Public& Others
Charts by Spider Software India Ltd
7
The stock closed at 162.95 on 27th June 2013. It made a 52-week low at 162.05
on 25th June 2013 and a 52-week high at `272.35 on 05th October 2012. The 200
days Exponential Moving Average (EMA) of the stock on the weekly chart is
currently at `291.59
The stock is continuously facing selling pressure since last two years and it is
trading in downward sloping channel on weekly charts. In the last traded week,
stock recovered sharply from its yearly low and formed the Hammer Japanese
candlestick pattern on the weekly charts, which indicates the reversal of trend.
On the indicators front, RSI and MACD have also signaled bullish for the stock. So,
we are anticipating that the stock can give decent upside rally to achieve our
desire target. One can Buy in the range of 169-171 for the upside target of 200-
205 levels with closing below Stop Loss of 160.
` `
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 306.20 on 27th June 2013. It made a 52-week low at 226.50
on 24th July 2012 and a 52-week high of `332 on 29th January 2013. The 200 days
Exponential Moving Average (EMA) of the stock on the weekly chart is currently
at `229.84
It is apparent from the charts that the stock is consolidating in the range of 270-
325 levels since past five months forming the Symmetrical Triangle on weekly
charts, which is bullish in nature. Last traded week, stock ended over 3% gains
conclusively breached its short term and medium term moving averages
accompanied by good volume and managed to close near week's high, which
indicates that buying is more aggressive at current levels. Therefore, one can
Buy in the range of 305-308 for the upside target of 325-330 levels with closing
below Stop Loss of 295.
` `
The stock closed at 236.10 on 27th June 2013. It made a 52-week low at 140.25
on 11th July 2012 and a 52-week high at `255.20 on 15th May 2013. The 200 days
Exponential Moving Average (EMA) of the stock on the weekly chart is currently
at `155.99
After registering yearly high of 255 levels, profit booking was witnessed due to
which it entered in its earlier support zone of 215-220 levels and started moving
higher. As technically required, it is comfortably moving above its important
moving averages, which also give the positive outlook for the stock. Therefore,
one can Buy in the range of 231-233 for the upside target of 250-255 with closing
below Stop Loss of 222.
` `
BHEL
ZEEL
GODREJIND

DERIVATIVES
BASIS GAP IN NIFTY
Markets remained up trending and volatile, post expiry. Hereafter, the range of 5700-5900 will remain crucial for the next week and the move is expected to
remain volatile. If Nifty slips below the 5800 mark, it could slide to 5750 levels due to increased selling pressure. On the contrary, the index may face stiff
resistance at 5900-5950 levels. The put-call ratio of open interest continued to increase last week and closed at 1.25 levels. The options open interest
concentration continued to be at the 5600-strike put with the highest open interest of above 60 lakh lakh shares. Among the call options, the 6000-strike taking
the total open interest to 40 lakh shares. Nifty put options' Implied Volatility (IV) closed at 17.61%, while Nifty call options' IV closed at 17.70%. Nifty VIX
decreased to 17.95%. The Nifty is expected to remain in a broad range of 5700-5950 levels, with an intermediary support at around 5800 levels. Nifty July
futures premium closed with 3.00 points adding shares in open interest indicating long buildup. The overall market added in open interest last week, with cost-
of-carry rising indicating long carry forward.
WEEKLY VIEW OF THE MARKET
NIFTY TOTAL OPEN INTEREST (in share)
FIIs ACTIVITY IN INDEX FUTURE (F&O) IN LAST WEEK
(Derivative segment)

FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS

(Derivative segment) `(Cr)
NTPC (JUL FUTURE)
Buy: Above `147
Target: `155
Stop loss: `143
ONGC
Buy JUL 350 CALL 6.45
Buy JUL 320 PUT 7.35
Lot size: 1000
Upside BEP: 363.80
Downside BEP: 306.20
Max. Profit: Unlimited
Max. Loss: 13800.00 (13.80*1000)
OPTION
STRATEGY
FUTURE
STRATEGY
IDEA
Buy JUL.145 CALL 4.80
Sell JUL.150 CALL 3.00
Lot size: 2000
BEP: 146.80
Max. Profit: 6400.00 (3.20*2000)
Max. Loss: 3600.00 ( 1.80*2000)
TITAN (JUL FUTURE)
Sell: Below `216
Target: `208
Stop loss: `220
ICICIBANK
Buy JUL 1100 CALL 24.00
Buy JUL 1040 PUT 22.00
Lot size: 250
Upside BEP: 1146.00
Downside BEP: 994.00
Max. Profit: Unlimited
Max. Loss: 11500.00 (46.00*250)
VOLATILITY STRATEGY
DERIVATIVE STRATEGIES
BULLISH STRATEGY
HEXAWARE (JUL FUTURE)
Buy: Above `88
Target: `93.5
Stop loss: `85
BUY
10.6%
SELL
89.4%
1971.61
-47.98 -33.25
-841.36
-874.28
-226.4
1699.99
-149.35
514.45
2429.03
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
2500.00
3000.00
14-Jun 17-Jun 18-Jun 19-Jun 20-Jun 21-Jun 24-Jun 25-Jun 26-Jun 27-Jun
-10
-8
-6
-4
-2
0
2
4
6
8
13-Jun 14-Jun 17-Jun 18-Jun 19-Jun 20-Jun 21-Jun 24-Jun 25-Jun 26-Jun 27-Jun
273200 223300 209650 236650
1153900
2439150
2858550
3679900
3277500
3256800
1712750
1856000
2086650
1609600
2285350
4243850
5947200
3141150
1699150
1179250
1479850
821650
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
5100 5200 5300 5400 5500 5600 5700 5800 5900 6000 6100
Call Put
8
9
BHARTIARTL 8490000 7153000 -15.75 0.90 0.61 -0.29 34.38 37.05 2.67
DLF 18829000 17741000 -5.78 0.44 0.72 0.28 48.08 47.62 -0.46
HINDALCO 18852000 20888000 10.80 0.59 0.71 0.12 40.34 46.04 5.70
HINDUNILVR 10083000 7228500 -28.31 0.61 0.53 -0.08 29.36 52.82 23.46
ICICIBANK 8510750 5773250 -32.17 0.36 0.53 0.17 36.05 30.70 -5.35
IDEA 9350000 4878000 -47.83 0.66 0.37 -0.29 35.58 37.75 2.17
INFY 2786125 2247625 -19.33 0.45 0.65 0.20 42.45 52.53 10.08
ITC 27490000 13912000 -49.39 0.37 0.41 0.04 23.09 22.97 -0.12
JPASSOCIAT 59684000 51664000 -13.44 0.28 0.43 0.15 58.62 71.57 12.95
NTPC 14154000 11216000 -20.76 0.34 0.30 -0.04 30.62 26.37 -4.25
ONGC 8864000 4823000 -45.59 0.32 0.30 -0.02 32.94 35.80 2.86
RANBAXY 3388000 3128500 -7.66 0.80 0.83 0.03 46.80 50.19 3.39
RCOM 39144000 37100000 -5.22 0.79 0.35 -0.44 78.25 77.17 -1.08
RELIANCE 11271750 7578750 -32.76 0.45 0.43 -0.02 27.83 29.03 1.20
NIFTY 21256300 11916450 -43.94 0.81 1.25 0.44 17.81 17.61 -0.20
SAIL 17748000 16444000 -7.35 0.42 0.40 -0.02 41.32 42.33 1.01
SBIN 5410750 5549375 2.56 0.49 0.47 -0.02 32.04 31.21 -0.83
TATASTEEL 18321000 20125000 9.85 0.38 0.54 0.16 37.44 38.92 1.48
UNITECH 61900000 62512000 0.99 0.31 0.53 0.22 71.59 60.35 -11.24
IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS
OPEN INTEREST PCR RATIO IMPLIED VOLATILITY
SCRIPTS PREV.* CURRENT** % PREV.* CURRENT ** PREV. CURRENT
WEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANGE
DERIVATIVES
Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has increased to
1.25 from 0.81. At the end of the week, the maximum stocks had a positive of
change in put call open interest ratio.
Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has decreased to 17.61% from 17.81%. The IV of the stock futures has changed
this week ranging from -11.24% to 23.46%.
Open Interest Analysis : The open interest for the index at the end of this week
has decreased by 43.94% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -49.39% to 10.80%. ITC has the
maximum decrease in open interest as compared to other stocks.
Statistical Analysis
Open 5629.90 High 5702.90
Low 5556.60 Close 5682.35
NIFTY & IV CHART NIFTY ANALYSIS

16
17
18
19
20
21
5500
5600
5700
5800
5900
21-Jun 24-Jun 25-Jun 26-Jun 27-Jun
Nifty Close IV
* J une series ** J uly series
10

Bullion counter may witness some lower level buying after the sharp
meltdown seen last week. On the domestic bourses, weak local currency
rupee is giving cushion to the domestic gold prices, which have depreciated
to nearly Rs 60.7 recently. Gold may trade in the range of $1140-1280 in
COMEX and 24600-26500 in MCX. White metal, silver can also trade in a wide
range of 38000-42000 in the near term. Fed Chairman Ben S. Bernanke
stated in a Fed meeting that the U.S. central bank, which buys $85 billion of
Treasury and mortgage debt a month, may trim purchases this year and end
the program in 2014, if the economy continues to improve. Recently U.S.
consumer spending, durable goods orders, consumer confidence and home
sales rose in May, even as economic growth in the first quarter was less than
the previously estimated. COMEX Gold has fallen by 29 percent in 2013 as
investors sold 583.2 metric tonnes of gold from ETPs, erasing more than $63
billion in the value of the funds. A lack of accelerating inflation and concern
about the strength of the global economy is also hurting silver. Investors are
selling bullion from exchange traded products at a record pace as
unprecedented money printing by the central banks around the world failed
to spur inflation. Amid high volatility in prices and huge demand for gold in
the country, jewellery retailers are demanding tapping of the yellow metal
in the domestic market itself through bonds and gold deposits. The retailers
are also mulling, putting a stop on the selling of gold coins and gold bars to
curtail investments made in gold.
BULLIONS
Bullish momentum is expected to persist in crude oil prices, which has
shown steep rally recently on the back of recovery in the US economy and
rising middle east tensions. WTI is poised for the first monthly advance this
quarter on renewed concerns regarding unrest in Syria could threaten
Middle East crude supplies. The region accounted for 33 percent of the
global oil production last year. In the near term, Middle East tensions and
movement of dollar index will give further direction to the prices. Overall it
can trade in the range of 5750-5950 in MCX and $94-100 in NYMEX. Consumer
spending in the U.S. rebounded 0.3 percent in May following the biggest
drop in more than three years. Weekly claims for jobless benefits slid for the
third time in a month, according to a Labor Department report. A measure of
the U.S. petroleum demand rose from 3 percent to 19 million barrels a day,
data from the EIA, the Energy Department's statistical unit, showed on June
26. Refiners boosted processing to an average of 90.2 percent of the
capacity, the highest rate this year. Natural gas may remain under selling
pressure as it can trade in the range of 205-225 in MCX. Last week Energy
Information Administration stated that inventories rose 95 billion cubic feet
in the week ended June 21 to 2.533 trillion cubic feet. Above normal
temperatures along the Atlantic and Pacific coasts this week will bracket
cooler weather in the middle of the country, according to MDA Weather
Services.
ENERGY COMPLEX
Base metals complex may continue to trade in a volatile fashion. The recent
rise in greenback and the signal from Fed to end stimulus measures have
kept the prices under selling pressure. News of cash crunch in China may cap
the recovery in base metals. Red metal copper can trade in the range of 390-
420. Copper stockpiles monitored by the LME fell 0.5 percent to 667,425
tons. Cancelled warrants, or metal earmarked for delivery, rose to a record
375,425 tons on bookings in Malaysia's Johor and the Belgian city of
Antwerp. A total 1,250 tonnes of copper was requested at the Dutch port of
Vlissingen, which was delisted as a delivery port for the metal last year.
Nickel prices can trade in the range of 790-845 in MCX. Aluminum prices may
move in the range of 100-106 levels while Zinc prices can hover in the range
of 107-109 in MCX. While battery metal Lead can move in the range of 118-
124. According to the International Lead and Zinc Study Group, preliminary
data for the first 4 months of 2013 global supply of refined zinc metal
exceeded demand by 48 kilo tonnes. Total reported inventory levels over
this period decreased by 111 kilo tonne. The World Bureau of Metal
Statistics revealed in a report that the global aluminum market has an
excess supply of 423,000 tonnes for the first 4 months of this year. WBMS
also reported that from January to April 2013, the global demand for
primary aluminum was 15.265 million tonnes which was increase of 5.6%.
BASE METALS
Chilli futures (July) will continue to remain below 5700 levels. In the
current scenario, as per the report given by the Domestic and Export
Market Intelligence Cell (Demic), farmers of Byadagi areas are busy in
preparing their lands for sowing chilli. The sowing started in Andhra
Pradesh. Districts like Visakhapatnam, Kurnool, Chittor, Nalgonda,
Rangareddy, Nizamabad, Medak, Karimnagar etc the area under
cultivation, it will increase in coming days. Any upside in turmeric futures
(July) is expected to remain capped near 6250 levels due to a lack of fresh
cues for demand. At the spot market, the arrivals are low as the growers are
opting to bring very limited stocks only to cater their domestic expenses.
The supply side fundamentals show that in the coastal Andhra zone, Guntur
region turmeric sowing has started & around 203 hectares area had been
covered till 26th June, while in Rayalaseema region, around 273 hectares
and in Telangana region 5570 hectares area was covered. Jeera futures
(July) is seen to consolidate in the range of 13100-13600 levels. There are
reports that around 65-70% of new crop arrivals traded in the domestic
mandi till now and farmers are holding their produce on expectations of
higher prices in lean season. Cardamom futures (July) will probably trade in
the range of 720-780 levels. Market participants are cautious ahead of the
new crop to enter into the market in the days to come.
SPICES
OTHER COMMODITIES
Wheat futures (July) will possibly breach 1560 levels & move further
downside. Market participants are cautious & waiting for the impact of
govt. offloading 10.5 million tonnes of FCI food grains in the open market.
In the current scenario, wherein the rupee is near its all time low at 60
levels, many exports are not seen happening at around $300/tonne, as the
global market are likely to continue with lower quotes in the Black Sea
region at $258/$264/tonne. Chana futures (July) is expected to test 3000
levels on the back of weak tone prevailing at the spot markets & statistics
showing that area under sowing is likely to rise this season. According to
Ministry of Agriculture, kharif pulses have been sown in 3.74 lakh hectares
till date as compared to normal sowing area of 1.22 lakh hectares. Kapas
futures (Apr'14) will probably witness a consolidation in the range of 1055-
1085 levels. As per the latest statistics available from the Department of
Agriculture, Gujarat, the progressive area under cotton of during Kharif
2013 as on 24th June' has surged by 42% to 11255 hectares as compared to
previous season. Mentha oil futures (July) is likely to fall below 980 levels &
plunge further towards 970-955 levels owing to slack demand. In the latest
news, Gutkha and paan masala have been banned in the Union Territory
with immediate effect. Earlier this month, Karnataka became the 26th
state to ban the sale, manufacture, storage and distribution of gutka and
paan masala.
Soybean futures (July) is expected to continue its downside trend & get
further extended breaching 3580 levels. The favorable weather conditions
for sowing are leading to good crop prospect. According to the Soybean
Processors Association of India (SOPA), soybean production is likely to go up
by 7-10% as most growing areas have witnessed early or timely sowing. On
the demand front, price competitiveness of the South American soy meal
continues to be a negative factor for the meal of Indian origin, which
subsequently shifted the seasonal demand to South America. On the
international market frontier, market participants would keep a close
watch on the acreage report to be published by U.S. Dept. of Agriculture on
June 28 at 1600 GMT. U.S. farmers will probably plant 77.811 million acres
this year, more than the 77.126 million acres forecast by the government in
March, according to the average estimate of as many as 34 analysts and
trading companies surveyed by Bloomberg. Mustard futures (July) is likely
to test 3320 levels. Factors such as higher arrivals at the spot markets &
negative crush margin may keep the counter in the bearish zone. CPO
futures are expected to remain steady with the downside getting capped,
supported by a weaker rupee making imports costlier. Malaysia, with its
export tax unchanged at 4.5%, could draw higher demand, which in turn
could provide support for palm oil prices.
OIL AND OILSEEDS
Closing as on 27.06.13
11
NOTES : 1) Buy / Sell 25%of Commodity at S1/R1respectively & rest 75%at S2/R2 respectively.
2) S1& S2 indicate first support & second support & R1& R 2 indicate first resistance & second resistance.
3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly
basis and taking a long-termview and not a short-termview.
4) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities.
TECHNICAL RECOMMENDATIONS
EXCHANGE CONTRACT CLOSING DATE TREND
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN (JULY) 3636.00 07.03.13 UP 3421.50 3700.00 - 3600.00 - 3500.00
NCDEX JEERA (JULY) 13420.00 11.04.13 UP 13795.00 12400.00 - 12000.00 - 11500.00
NCDEX RED CHILLI (JULY) 5448.00 17.04.13 DOWN 6362.00 - 6000.00 6200.00 6300.00
NCDEX RM SEEDS (JULY) 3420.00 11.04.13 UP 3586.00 3280.00 - 3200.00 - 3100.00
MCX MENTHA OIL (JULY) 989.30 13.06.13 SIDEWAYS
MCX CARDAMOM (JULY) 769.50 28.02.13 DOWN 965.00 - 820.00 850.00 900.00
MCX SILVER (JULY) 38796.00 20.12.12 DOWN 57351.00 - 43000.00 44000.00 45000.00
MCX GOLD (AUGUST ) 25375.00 27.06.13 DOWN 25375.00 - 27000.00 28000.00 28500.00
MCX COPPER (JULY) 403.80 30.05.13 UP 414.55 390.00 - 380.00 - 370.00
MCX LEAD (JULY) 123.05 30.05.13 UP 122.90 117.00 - 113.00 - 110.00
MCX ZINC (JULY) 109.05 30.05.13 UP 107.55 104.00 - 102.00 - 100.00
MCX NICKEL (JULY) 825.50 21.02.13 DOWN 920.30 - 870.00 900.00 920.00
MCX ALUMINUM (JULY) 103.60 27.06.13 SIDEWAYS
MCX CRUDE OIL (JULY) 5845.00 06.06.13 UP 5404.00 5600.00 - 5500.00 - 5400.00
MCX NATURAL GAS (JULY) 215.80 06.06.13 DOWN 218.60 - 235.00 245.00 250.00
TREND RATE TREND S1 R1 S2 R2 CLOSING
*
TREND SHEET
COMMODITY
GOLD MCX (AUGUST) contract closed at 25375.00 on 27th June '13. The contract made its high of
`30898.00 on 19th March '13 and a low of `24970.00 on 28th May '13. The 18-day Exponential Moving
Average of the commodity is currently at `26770.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 23. One can buy the
range 24800-24600 with the stop loss of `24300 for a target of `25500.
`
LEAD MCX (JULY) contract closed at 123.05 on 27th June '13. The contract made its high of 128.90 on
5th June '13 and a low of `108.20 on 15th May '13.The 18-day Exponential Moving Average of the
Commodity is currently at `122.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 52.One can sell in the
range 123-124 with the stop loss of `126 for target of `118.
` `
NICKEL MCX (JULY) contract closed at 833.20 on 27th June '13.The contract made its high of 886.00
on 5th June '13 and a low of `813.00 on 25th June '13.The 18-day Exponential Moving Average of the
Commodity is currently at `837.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 42.78. One can buy in
the range 820-810 with the stop loss of `795 for a target of `850.
` `

GOLD MCX (AUGUST)

LEAD MCX (JULY)
NICKEL MCX (JULY)
COMMODITY
NEWS DIGEST
Steep sell off in the bullion counter persisted as it fell sharply lower last week due to the rise in
greenback and expectation of reduction in the monetary stimulus from US Federal Reserve. Gold
broke the key support of $1200 in COMEX and 26000 in MCX last week while silver slipped below
$18.4 in COMEX and below 39000 in MCX. Gold is heading for the biggest annual decline in more
than three decades after gaining for 12 years. Investors are selling bullion from exchange traded
products at a record pace as unprecedented money printing by central banks around the world
failed to spur inflation. Crude oil prices continued its upside momentum as it tested the key level
of 5850 in MCX and $97 in NYMEX. Base metals moved sideways on mixed fundamentals. Copper
and the London Metal Exchange Index of six primary metals headed for the biggest quarterly
declines since September 2011 amid signs of slow down in China and uncertainty about the future
of stimulus in the U.S. Macro conditions in China continue to keep prices under pressure. China's
central bank on June 25 called on big banks to further their roles as market stabilizers, as signs of
the nation's biggest squeeze on credit in at least a decade pushed interbank borrowing costs to a
record last week. China accounts for more than 40 percent of the worlds copper consumption.
The statistic from Indian Meteorological Dept. showed that all India seasonal rainfall from 1st
June to 26th June, 2013 have been 180.6mm as compared to 132.1mm normal during the same
period. The Northwest India has received the highest rainfall, followed by Central India & South
Peninsula. Whereas, the monsoon over the region of East & Northeast India has been deficient
getting 161.80mm of seasonal rainfall as compared to 295.50mm normal during the same period.
Southwest monsoon was vigorous over West Uttar Pradesh, Uttarakhand, Himachal Pradesh,
Madhya Pradesh, Vidarbha and South Interior Karnataka for one or two days of the week ending on
26th June, 2013. Taking cues from good rainfall over fields & getting lured from past year returns,
farmers preferred crops like soybean & guar. Hence, on the back of higher area under sowing,
these counters witnessed a steep downfall on the national bourse as well as on the spot market.
The spices complex traded with a downside bias pressurized by factors such as lack of demand,
adequate stock position & profit booking from higher levels. However, turmeric prices managed
to remain steady supported by demand for quality arrivals at the spot markets. The oilseeds
counters fell further as market participants were cautious because of the supply outpacing
demand. Commodities such as chana, sugar, mentha extended the downside on the heels of
selling pressure at the spot markets.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 19.06.13 26.06.13 DIFFERENCE
QTY.
BARLEY MT 29598.00 30426.00 828.00
CASTOR SEED MT 150522.00 154824.00 4302.00
CHANA MT 130984.00 137893.00 6909.00
CHILLI MT 13450.00 11877.00 -1573.00
COTTONSEED OILCAKE MT 98781.00 89992.00 -8789.00
JEERA MT 8425.00 8427.00 2.00
MAIZE MT 6590.00 8434.00 1844.00
RAPE MUSTARD SEED MT 91074.00 94367.00 3293.00
SOYA BEAN SEEDS MT 21241.00 23027.00 1786.00
SUGAR M MT 9557.00 12048.00 2491.00
WHEAT MT 16077.00 16644.00 567.00
COMMODITY UNIT 20.06.13 27.06.13 DIFFERENCE
QTY. QTY.
CARDAMOM MT 57.90 60.30 2.40
COTTON BALES 161400.00 161400.00 0.00
GOLD KGS 483.00 362.00 -121.00
GOLD MINI KGS 341.10 56.30 -284.80
GOLD GUINEA KGS 268.67 268.66 -0.01
MENTHA OIL KGS 267826.85 582084.75 314257.90
MILD STEEL MT 1604.09 1443.25 -160.84
SILVER (30 KG Bar) KGS 13483.73 13453.57 -30.16
U.S. Gross Domestic Product expanded at a revised
1.8 percent annualized rate from January through
March, down from a prior estimate of 2.4 percent.
According to International Aluminium Institute (IAI)
data, World unwrought aluminium stocks fell to 1.192
million tonnes in May, against a revised 1.223 million
in April.
India's central bank told rural regional banks recently
that they could no longer provide loans against gold
jewellery and coins.
Chinese miner Chinalco has raised by 20 percent the
annual production forecast for its Peruvian copper
mine Toromocho.
The government will provide Customs clearance for
all exports 24x7 from four major airports in
Bangalore, Chennai, Delhi and Mumbai from July.
Special Margin of 10% (in cash) on the long Side on
Soyabean July 2013 expiry contract withdrawn with
effect from June 27, 2013.
The Centre has allocated an additional 4,000 tonnes
of wheat and rice for relief measures in flood
affected Uttarakhand.
Indonesia, the world's top palm oil producer, has set
its export tax for crude palm oil at 10.50% for July, up
from 9% in June.
The government has raised the minimum support
price (MSP) for common grade paddy to Rs 1,310/qtl,
cotton MSP to `3,700/qtl (medium staple) &
`4,000/qtl (long staple). MSP of tur has been raised
to `4,300/qtl, moong to `4,500/qtl, soyabean
(black) to `2,500, soyabean (yellow) to `2,560 a qtl,
sesamum to `4,500/qtl.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12

NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
QTY.
5.70
4.29
4.01
1.18 1.13
-7.14 -7.03 -6.94
-6.31
-6.19
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
TURMERIC COTTON29MM CRUDE OIL POTATO RUBBERNEW GUARGUM SOYAMEAL SILVERNEW SOYABEAN GUARSEED
4.11
2.08
1.32
0.55 0.51
-6.74 -6.68
-5.97 -5.85
-5.09
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
CRUDE OIL CARDAMOM LEAD ZINC MINI COTTON SILVERMIC GUARGUM NATURAL GAS GOLDM MENTHAOIL
Spice Exportspreading flavor world wide
13
SPOT PRICES (% change)
COMMODITY
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
20.06.13 27.06.13
ALUMINIUM 5414250 5448000 33750
COPPER 638325 671100 32775
NICKEL 185688 187956 2268
LEAD 204625 194600 -10025
ZINC 1078025 1062950 -15075
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 21.06.13 27.06.13 CHANGE(%)
Soya CBOT NOV Cent per Bushel 1273.50 1275.25 0.14
Maize CBOT SEPT Cent per Bushel 592.00 572.25 -3.34
CPO BMD SEPT MYR per MT 2439.00 2355.00 -3.44
Sugar LIFFE AUG 10 cents per MT 496.50 507.80 2.28
COMMODITY EXCHANGE CONTRACT 21.06.13 27.06.13 CHANGE%
ALUMINIUM LME 3 MONTHS 1793.00 1765.00 -1.56
COPPER LME 3 MONTHS 6818.00 6750.00 -1.00
LEAD LME 3 MONTHS 2023.00 2052.00 1.43
NICKEL LME 3 MONTHS 14075.00 13850.00 -1.60
ZINC LME 3 MONTHS 1842.00 1851.00 0.49
GOLD COMEX AUG 1292.00 1211.60 -6.22
SILVER COMEX SEPT 20.00 18.55 -7.24
LIGHT CRUDE OIL NYMEX AUG 93.69 97.05 3.59
NATURAL GAS NYMEX AUG 3.79 3.58 -5.56
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
India is the world's leading spice producer, exporter and consumer. Despite the
continuance of global recession and economic slump in the overseas markets, India's
spices exports have crossed the `10,000-crore mark. As per the data of Spice Board of
India, spices exports had increased by 14% to `11,171.16 crore during fiscal year
2012-13 from `9,783.42 crore in 2011-12. The data shows that Spices exports rose by
22% to 6,99,170 tonnes during the year 2012-13 while total exports stood at 5,75,270
tonnes in the previous fiscal year. It is for the first time that the growth in volume of
exports registered an all-time high of 22 per cent and 14 per cent in value. Compared
to the target of 5,66,000 tonnes valued at `8,203.50 crore ($1,650 million) for the
fiscal year 2013, the achievement is 124 per cent in terms of quantity and 136 per
cent in rupee and 124 per cent in dollar terms of value.
Exporting patternall time high
According to the data of Spice Board, there was almost a ten-fold jump in the
exports of garlic to 24,000 tonnes in 2012-13 from 2,200 tonnes in 2011-12. In
terms of value, garlic exports jumped more than four times to `74.49 crore in the
current fiscal year from `14.15 crore a year ago.
Exports of chili, which is the biggest contributor to the total exports of spices in
terms of quantity, rose by 17% to 2,81,000 tonnes during 2012-13 from 2,40,000
tonnes in the previous fiscal year.
Besides garlic, Shipments of fennel increased by 80% to 14,575 tonnes in 2012-13
from 8,100 tonnes a year ago valued at `114.02 crore.
Cumin seed exports increased by 76%, or 34400 tonnes to 79,900 tonnes in 2012-
13 from 45,500 tonnes previous year valued at `1093.17 crore. Target for 2012-13
is 45,000 tonnes with value `60,750.00.
However, exports of pepper and cardamom registered a decline of 40% and 52%,
respectively, in 2012-13 as compared to the previous fiscal.
Black Pepper exports decreased by 10,700 tonnes, which is 16,000 tonnes during
the period from April March 2012-13, compared to previous year.
Coriander exports increased by 9000 tonnes registering a growth of 32%, which is
37100 tonnes during the period of April March 2012-13, compared to 28100
tonnes during previous year.
Other spice seeds like mustard, aniseed, ajwanseed, nutmeg and mace,
asafetida, tamarind, curry powders/pastes, oils and oleoresins etc. are the star
performers recording rise in exports both in terms of volume and value.
Factors behind export growth
Continuous weakness of rupee against greenback, which slumped to lifetime low
of 60, is a major factor promoting the spice exports.
During this period, the achievement in export earning is high due to the rigorous
focus and initiatives taken by the Board for value addition and higher end
processing of Spices.
There was a sharp jump in export of garlic figures.
Currently due to lower
production reports in
Turkey and internal conflict
in Syria, the availability of
jeera in the international
market is low and the
export demand has shifted
to India. While availability
of exportable jeera is
higher in india due to record
production.
According to A Jayathilak, Chairman of Spices Board, New spices are gaining
prominence in the export basket.
Indian spices and spices products reached more than 140 countries.

-8.92
-6.62
-4.41
-3.62
-3.19
-3.00
-2.91
-2.03
-1.95
-0.93
-0.63
-0.53
-0.47
0.00
0.43
1.07
1.48
1.54
2.65
4.72
5.23
-10.00 -8.00 -6.00 -4.00 -2.00 0.00 2.00 4.00 6.00
SOYABEAN (INDORE)
SILVER(DELHI)
GOLDKG (MUMBAI)
REFINEDSOYA OIL (INDORE)
MENTHA OIL (CHANDAUSI)
CARDAMOM (VANDANMEDU)
CHANA (DELHI)
GUR(MUZAFFARNGR.)
MUSTARD(JAIPUR)
CRUDE PALM OIL (KANDLA)
BARLEY (JAIPUR)
WHEAT (DELHI)
CHILLI (GUNTUR)
MILDSTEEL INGOTS(GHAZIABAD)
CORIANDER(KOTA)
RUBBER(KOCHI)
JEERA (UNJHA)
MASOOR(INDORE)
RAW JUTE (KOLKATA)
TURMERIC(NIZAMABAD)
PEPPERMALABARGAR(KOCHI)
444250
470520
502750
525750
575270
699170
4435.50
5300.25 5560.50
6840.70
9783.42
11171.16
1000.00
3000.00
5000.00
7000.00
9000.00
11000.00
13000.00
50000
150000
250000
350000
450000
550000
650000
750000
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
Volume(in tonne) Value(in Cr Rupee)
Spices Exports from India
Volume(in tonne) Value(in Cr Rupee)
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 59.93 61.15 59.75 60.83
EUR/INR 78.69 7966 78.37 79.19
GBP/INR 91.99 93.87 91.93 92.80
JPY/INR 60.92 62.54 60.64 61.90
(Source: Thomson Reuters, Open: Friday (Prior) 9.00 AM IST, Close: Thursday 5.00 PM IST)
News Flows of last week
25th June: U.S New home sales near five-year high, prices rise
25th June: Consumer confidence highest in over five years in June
26th June: U.S. first-quarter growth cut to 1.8 percent
27th June: Britain's double dip recession revised away, but picture still grim
27th June: U.S. Fed balance sheet grows in latest week
27th June: U.S Pending home sales highest in more than six years
27th June: U.S Consumer spending rebounded in May and new applications for
unemployment benefits fell last week.
EUR/INR (JULY) contract closed at 79.19 on 20th June'13. The contract made its
high of `79.66 on 27h June'13 and a low of `78.37 on 24thJune'13 (Weekly Basis).
The 14-day Exponential Moving Average of the EUR/INR is currently at `77.67.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 64.48.
One can buy on dips around 78.00 for a target of 79.00 with the stop loss of 77.50
`
JPY/INR (JULY) contract closed at 61.90 on 27th June'13. The contract made its
high of `62.54 on 27thJune'13 and a low of `60.64 on 24th June'13 (Weekly Basis).
The 14-day Exponential Moving Average of the JPY/INR is currently at `60.52.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 58.06.
One can buy around 60.05 for a target of 61.05 with the stop loss of `59.55.
`
Market Stance
Highly volatile moves were seen in rupee last week as it breached it previous
lows and made all time low above 60 levels after RBI's refusal to defend the
rupee at 60 - a psychologically important level for many - led to panic in the
foreign exchange market on Wednesday afternoon. Banks rushed to buy dollars
after having shorted the US currency on the bet that the RBI would continue
selling dollars. However in later part sum losses were trimmed on hopes that
recent foreign investor selling could subside after comments from US Federal
Reserve officials seen as supporting continued monetary stimulus sparked a
global risk rally. The gains are a welcome end to a tough month for Indian
markets, which have been caught in a negative feedback loop in which the
falling rupee sparked across-the-board foreign selling, with the outflows in turn
further denting the currency.
EUR/INR
USD/INR (JULY) contract closed at 60.57 on 27th June'13. The contract made its
high of `61.15 on 26th June'13 and a low of `59.75 on 25th June'13 (Weekly Basis).
The 14-day Exponential Moving Average of the USD/INR is currently at `59.09.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of
68.34. One can buy on around 59.45 for a target of 60.45 with the stop loss of
58.95.
`
GBP/INR (JULY) contract closed at 92.80 on 27th June'13. The contract made its
high of `93.87 on 27h June'13 and a low of `91.93 on 24th June'13 (Weekly Basis).
The 14-day Exponential Moving Average of the GBP/INR is currently at `91.11.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 62.67. One
can buy on dips around 90.00 for a target of `91.00 with the stop loss of `89.50
`
USD/INR Technical Recommendation
GBP/INR JPY/INR
14

Economic gauge for the next week

Date Currency Event PREVIOUS
01st July: EUR Consumer Price Index Estimate (YoY) 1.40%
01st July: EUR Consumer Price Index - Core (YoY) 1.20%
01st July: USD ISM Manufacturing (JUN) 49
04th July: GBP Bank of England Rate Decision (JUL 4) 0.50%
04th July: GBP BOE Asset Purchase Target 375B
04th July: EUR European Central Bank Rate Decision (JUL 4) 0.50%
05th July: USD Change in Non-farm Payrolls (JUN) 175K
05th July: USD Unemployment Rate (JUN) 7.60%
IPO IPO
Sebi clears new buyback norms and enables listing of Start-Ups and SMEs on Institutional Trading Platform (ITP)
1. Amendments to SEBI (Buy Back of Securities) Regulations, 1998 governing buy-back through open market purchase
As part of SEBI's constant endeavour to align regulatory requirements with the changing market realities as well as to enhance efficiency of the
buy-back process, the following changes to buyback of shares or other specified securities from the open market through stock exchange
mechanism have been approved:
(i) The mandatory minimum buy-back has been increased to 50% of the amount earmarked for the buy-back, as against existing 25%, failing
which amount in the escrow account would be forfeited subject to a maximum of 2.5% of the total amount earmarked.
(ii) The maximum buy-back period has been reduced to 6 months from 12 months.
(iii) The companies shall create an escrow account towards security for performance with an amount equivalent to at least 25% of the
amount earmarked for buy-back.
(iv) The company shall not raise further capital for a period of one year from the closure of the buy-back except in discharge of subsisting
obligations as against the existing 6 months.
(v) The company shall not make another buy-back offer within a period of one year from the date of closure of the preceding offer.
(vi) The disclosure requirements have been rationalized requiring disclosure of the shares bought back on a cumulative basis on the website
of the company and the stock exchange, only on a daily basis instead of the current requirement of disclosure on daily, fortnightly and
monthly basis.
(vii) The companies can buy-back 15% or more of capital (paid-up capital and free reserves) only by way of tender offer.
(viii) Procedure for buy-back of physical shares (odd-lot) has been modified which includes creation of separate window in the trading system
for tendering the shares, requirement of PAN/Aadhaar for verification, etc.
(ix) The companies are permitted to extinguish shares bought back during the month, within fifteen days of the succeeding month subject to
the last extinguishment within seven days of the completion of the offer.
(x) The promoters of the company shall not execute any transaction, either on-market or off-market, during the buy-back period.

2. Enabling Listing of Start-Ups and SMEs on Institutional Trading Platform (ITP) without having to make an IPO: -
Lack of exit opportunities for the existing investors and restricted access to new investors is one of the problems faced by Start-Ups and SMEs.
With a view to provide easier exit options for informed investors like Angel Investors, VCFs and PE etc. to provide better visibility, wider
investor base and greater fund raising capabilities to such companies, the Board approved the proposal to amend the SEBI (ICDR) Regulations to
permit listing of Start-ups and SMEs in Institutional Trading platform (ITP) without having to make an IPO.
Such companies eligible to be listed on this 'Institutional Trading Platform' shall be accessible for investment to the informed investors only.
Therefore the minimum amount for trading or investment on the ITP will be `10 lakh. These companies shall be exempted from the
requirements of rule 19(2)(b) of SC(R)R 1957 under which companies have to offer upto 25% of its shareholding to public through an offer
document in order to get listed. Therefore the listing can be done without an IPO and the expenses associated with it. While such companies
are listed on the ITP they will not be permitted to raise capital though they can continue to make private placements.
Listing on ITP by Start-Ups and SMEs is expected to offer their existing investors better chances to find alternate buyers than if they search
using their own network in the investment community. Standardized norms of entry for companies, eligibility criteria, continuous disclosure
requirements, simplified exit rules and corporate governance norms will be prescribed.
Just Dial Service provider 4395.87 950.11 5-Jun-13 530.00 590.00 629.15 18.71
Repco Home Fin Finance 1347.63 270.39 1-Apr-13 172.00 165.00 216.80 26.05
V-Mart Retail Trading 242.19 123.00 20-Feb-13 210.00 216.00 134.85 -35.79
Bharti Infra. Telecom 28379.07 4533.60 28-Dec-12 220.00 200.00 150.25 -31.70
PC Jeweller Jewellary 1669.21 609.30 27-Dec-12 135.00 135.50 93.20 -30.96
CARE Rating Agency 1710.60 540.00 26-Dec-12 750.00 949.00 597.80 -20.29
Tara Jewels Jewellary 297.42 179.50 6-Dec-12 230.00 242.00 121.00 -47.39
VKS Projects Engineering 235.62 55.00 18-Jul-12 55.00 55.80 3.74 -93.20
Speciality Restaruants Restaurants 721.54 181.96 30-May-12 150.00 153.00 153.65 2.43
T B Z Jewellary 1186.93 210.00 9-May-12 120.00 115.00 177.95 48.29
MT Educare Miscellaneous 367.77 99.00 12-Apr-12 80.00 86.05 92.45 15.56
I P O TR AC K E R
Company Sector M.Cap(In Cr.) Issue Size(in Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from
Issue price)
*
15

16

MUTUAL FUND
NEWS
AMFI-CRISIL launch five mutual fund performance indices
CRISIL and AMFI have jointly launched a group of mutual fund performance indices across five categories equity funds, ELSS, debt funds, money market funds
and hybrid funds. These co-branded indices, the first of their kind in the country, represent the performance of various mutual fund categories and enable
comparison of these categories with appropriate benchmarks across time frames and market cycles. By increasing awareness about the performance of mutual
funds, the indices will help in bringing greater transparency and boost investor confidence, says the press release.
AMFI extends free registration schemes till Sept
Association of Mutual Funds in India (AMFI) has extended the free registration schemes for a new cadre of distributors which includes senior citizens and retired
teachers by three months till September. The earlier deadline was June 30, according to information available with the AMFI. AMFI had made the registration fees
zero from February 1 this year. The initiative is aimed at enlarging distribution network and attracting new cadre of distributors or Independent Financial
Advisors (IFAs) for selling mutual fund products.
Sebi extends new fund offer period to 30-days for RGESS
Market regulator Sebi has notified regulations that allowed mutual funds to accept investor money in new plans under the Rajiv Gandhi Equity Savings Scheme
(RGESS) for 30 days, as against a 15-day subscription period allowed for other schemes. The relaxation has been made only for mutual fund schemes under RGESS,
a government initiative aimed at attracting small investors into the capital market. In a circular dated June 19, Sebi that the subscription period or the window
for which a new fund offer (NFO) of a mutual fund scheme remains open has been extended to 30 days. Generally, an NFO remains open for a period of 15 days.
Mutual Fund business starts SRO selection to meet Sebi deadline
With the Sebi board allowing a single SRO (self regulatory organisation) for all mutual fund distributors, the actual process of selecting an SRO has begun. Sebi set
the July 31, 2013 as deadline for accepting applications for being recognised as an SRO.
Deutsche Mutual Fund files offer document with SEBI
Deutsche Mutual Fund has filed offer document with SEBI to launch DWS Inflation Indexed Bond Fund, open ended debt scheme. The investment objective of the
scheme is to generate income and capital appreciation indexed to inflation by investing in a portfolio of inflation indexed bonds.
IDFC MF declares dividend under Capital Protection Oriented Fund-Series II
IDFC Mutual Fund has declared dividend under the dividend option of IDFC Capital Protection Oriented Fund-Series II. The record date for dividend is July 1, 2013.
The quantum of dividend will be entire distributable surplus as on record date on July 1, 2013 on the face value of `10 per unit. The investment objective of the
scheme is to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in
equity and equity related instruments as a secondary objective.
JP Morgan MF declares dividend under India Tax Advantage Fund
JP Morgan Fund has declared dividend under the regular plan-dividend option and direct plan-dividend option of JP Morgan India Tax Advantage Fund. The record
date for dividend is July 1, 2013. The quantum of dividend will be `0.50 per unit on the face value of `10 per unit.
The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and
equity-related Securities. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be
at variance with anticipated trends.
Principal Pnb Fixed Maturity Plan-Series B1 has declared dividend
Principal Mutual Fund has declared dividend under the dividend option of Principal Pnb Fixed Maturity Plan-Series B1. The record date for dividend is July 2, 2013.
The quantum of dividend will be entire distributable surplus as on the record date on the face value of `10 per unit.
17

NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager Minimum
Opens on Closes on
Amount
24-Jun-2013 01-Jul-2013 Close-Ended Growth `5000/- ICICI Prudential
Multiple Yield
Fund - Series 4 -
Plan D - Direct
Plan (G)
Rajat Chandak
/ Rahul
Goswami
To seek to generate income by investing in a
portfolio of fixed income securities/ debt
instruments. The secondary objective of
the Scheme is to generate long term capital
appreciation by investing a portion of the
Scheme\'s assets in equity and equity
related instruments.
18
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
ICICI Prudential Service Industries Fund - G 19.78 30-Nov-2005 151.67 2.15 5.10 24.17 5.95 9.42 1.61 0.63 0.19 58.69 32.58 1.37 7.36
Birla Sun Life India GenNext Fund - G 30.80 05-Aug-2005 128.25 6.14 -2.56 23.84 11.65 15.31 1.76 0.76 0.19 47.62 40.31 4.72 7.35
Axis Equity Fund - Growth 12.30 05-Jan-2010 531.80 2.30 2.16 20.35 4.46 6.14 1.72 0.84 0.16 79.01 5.86 3.76 11.37
Franklin India Smaller Companies Fund - G 15.97 13-Jan-2006 322.84 2.31 -5.89 19.51 5.39 6.47 1.79 0.64 0.17 21.65 59.10 8.74 10.51
Morgan Stanley Growth Fund - Growth 64.10 18-Feb-1994 1331.44 2.22 -3.07 18.48 2.21 11.78 1.73 0.81 0.11 71.48 22.41 0.75 5.37
Franklin India Prima Fund - Growth 306.22 01-Dec-1993 786.10 1.20 -6.74 17.33 5.09 19.09 1.63 0.59 0.14 31.98 54.42 5.23 8.37
Reliance NRI Equity Fund - Growth 42.74 16-Nov-2004 89.21 2.89 -3.21 17.17 4.45 18.32 1.95 0.90 0.08 74.36 18.36 -- 7.28
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 27/06/2013
Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
SBI Magnum Balanced Fund - Growth 54.96 09-Oct-1995 374.07 1.50 -1.62 16.74 3.70 15.36 1.20 0.11 28.37 31.85 6.56 33.22
JM Balanced - Growth 24.39 01-Apr-1995 6.91 7.65 -1.20 14.53 1.85 11.47 1.60 0.05 62.83 10.77 N.A 26.40
ICICI Prudential Balanced - Growth 54.33 03-Nov-1999 447.50 0.53 -1.93 13.21 8.48 13.19 1.22 0.05 42.43 21.77 2.34 33.46
LIC Nomura Balanced - Plan C (Growth) 60.08 03-Feb-1999 18.77 3.48 1.23 12.10 4.61 7.41 1.29 0.05 65.84 0.89 N.A 33.26
Tata Balanced Fund - Plan A - Growth 94.65 08-Oct-1995 508.47 1.85 -3.45 11.43 6.38 15.51 1.41 0.05 51.91 20.01 2.02 26.07
L&T India Prudence Fund - Growth 11.00 07-Feb-2011 27.41 2.26 -3.38 11.35 N.A 4.07 1.31 0.02 42.97 25.52 1.86 29.66
Principal Balanced Fund - Growth 32.32 14-Jan-2000 15.52 0.68 -5.00 11.22 1.97 9.11 1.36 0.02 44.39 20.13 1.53 33.95
Returns (%) Risk
Average Yield till
Scheme Name NAV Launch AUM Since Std. Sharpe
Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y
(`) Date (`Cr.) Launch Dev.
Morgan Stanley Active Bond Fund - Reg - G 12.73 03-Jun-2009 203.36 -34.35 -25.41 -20.12 16.62 13.94 8.01 6.11 23.51 0.26 2838.00 7.95
SBI Magnum Income Fund - Growth 30.08 25-Nov-1998 3018.90 -40.83 -28.26 -23.50 13.92 13.41 9.79 7.79 20.02 0.34 3427.00 7.86
Templeton India IBA - Growth 41.39 23-Jun-1997 727.91 -10.47 -13.59 -12.81 13.84 13.29 10.11 9.27 17.47 0.32 1905.00 8.56
Templeton India IBA - Plan B - Growth 41.39 23-Jun-1997 727.91 -10.47 -13.59 -12.81 13.84 13.29 10.11 9.27 17.47 0.32 1905.00 8.56
IDFC SSIF - Invt. Plan - Plan F - Growth 13.15 16-Jul-2010 1238.43 -32.58 -19.38 -16.52 13.71 12.92 N.A 9.73 17.06 0.33 2135.00 7.92
Birla Sun Life Income Plus - DAP 13.94 06-Mar-2009 2901.32 -58.61 -35.76 -28.84 15.11 12.91 9.18 8.01 21.75 0.28 N.A 7.76
Birla Sun Life Income Plus - Growth 55.26 21-Oct-1995 2901.32 -58.61 -35.76 -28.83 15.05 12.88 9.17 10.14 21.74 0.28 N.A 7.76
Annualised
Returns (%) Risk
Average Yield till
Scheme Name NAV Launch AUM Since Std. Sharpe
Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y
(`) Date (`Cr.) Launch Dev.
Birla Sun Life Medium Term Plan - G 14.29 25-Mar-2009 534.08 -10.85 -3.04 8.77 12.77 11.83 9.97 8.74 9.36 0.51 N.A 10.50
Birla Sun Life Short Term Opportunities Fund - G 19.29 24-Apr-2003 401.53 -6.13 0.47 12.22 12.32 12.06 10.02 6.67 8.52 0.57 N.A 10.26
ICICI Prudential Dynamic Bond Fund - Reg - G 13.41 12-Jun-2009 428.03 -41.55 -27.02 -20.55 12.14 10.65 8.92 7.52 15.05 0.26 2675.00 7.81
Birla Sun Life Dynamic Bond Fund - Ret - DAP 14.15 08-Apr-2009 14660.80 -21.54 -9.55 -5.73 11.33 11.08 9.16 8.57 8.72 0.44 N.A 8.62
Birla Sun Life Dynamic Bond Fund - Ret - G 20.46 24-Sep-2004 14660.80 -21.58 -9.56 -5.73 11.33 11.08 9.16 8.51 8.72 0.44 N.A 8.62
Templeton India STIP - Growth 2418.76 31-Jan-2002 5744.78 -3.97 -0.67 -1.56 10.54 10.57 8.80 8.05 6.65 0.48 880.00 9.93
Tata Short Term Bond Fund - Plan A - G 22.21 08-Aug-2002 261.82 -5.14 -0.25 0.11 10.52 10.13 8.46 7.60 5.71 0.49 617.00 8.12
Annualised
Returns (%) Risk
Average Yield till
Scheme Name NAV Launch AUM Since Std. Sharpe
Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y
(`) Date (`Cr.) Launch Dev.
Templeton India Low Duration Fund - G 13.01 26-Jul-2010 2803.69 8.31 8.49 7.85 9.50 9.70 N.A 9.41 2.01 1.18 117.00 8.81
DWS Treasury Fund - Investment - Reg - G 13.30 09-Oct-2009 240.25 9.23 8.83 7.34 9.39 9.37 8.36 7.97 3.11 0.66 281.00 8.31
Indiabulls Ultra Short Term Fund - G 1149.89 06-Jan-2012 615.57 8.06 8.12 7.50 9.31 9.63 N.A 9.94 1.46 1.58 164.00 8.17
Kotak Floater - LT - Growth 19.10 13-Aug-2004 4289.57 5.99 7.93 7.13 9.24 9.41 8.87 7.56 1.84 1.16 255.00 8.45
IDFC Ultra Short Term Fund - Reg - G 16.67 17-Jan-2006 1157.07 8.65 9.09 8.44 9.20 9.40 9.27 7.11 2.23 1.07 91.00 8.50
DWS Cash Opportunities Fund - Reg - G 15.99 22-Jun-2007 375.67 11.83 9.94 7.99 9.14 9.39 8.71 8.11 2.29 0.94 183.00 9.08
IDBI Ultra Short Term Fund - Growth 1280.29 03-Sep-2010 788.21 8.72 8.66 7.78 9.09 9.20 N.A 9.17 1.31 1.46 135.00 8.45
Annualised

Gl i mpses of Invest or Aw areness Semi nar organi sed by SM C at Vadodra.

Init iat ive t aken by SMC f or Ut t arakhand Flood vict ims