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Value Research

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Fundcard

IDFC Premier Equity


Value Research Fund Rating as on May 31, 2011

Open-end and Equity: Mid & Small Cap

Risk Grade

Below Average

Return Grade High NAV Net Assets Rs. 32.36 as on Jun 14, 2011 Rs. 1806.1 crore as on Mar 31, 2011

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment decision or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card. The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatsoever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements, opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics, statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.

IDFC Premier Equity


Rating: Risk: Below Average Return: High
Fund (Rebased to 10,000)
S&P CNX Nifty

Fund Performance Vs S&P CNX Nifty

History
NAV (Rs) Total Return (%) +/- S&P CNX Nifty +/- BSE 500 Rank (Fund/Category) 52 Week High (Rs) 52 Week Low (Rs) Net Assets (Rs.Cr) Expense Ratio (%)

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

10.02 318.08 -

13.21 31.90 -7.93 -6.95 12/37 13.84 8.58 158.44 0.92

27.81 110.47 55.70 47.45 1/41 27.81 12.33 818.30 2.38

13.03 -53.14 -1.35 5.00 10/47 28.33 11.51 538.19 2.24

26.35 102.12 26.36 11.89 25/48 26.35 11.24 1222.33 2.24

34.79 32.07 14.12 15.72 5/62 36.80 25.77 1879.30 1.19

32.36 -6.99 3.34 2.79 30/60 2.50

Top Holdings
Company Sector P/E YTD % Assets

Quarterly Returns (%)


Q1 Q2 Q3 Q4 Year

Coromandel International Asian Paints Glaxo Consumer Healthcare Shriram Transport Finance Bata India Page Industries Petronet LNG Sun TV Network Blue Dart Express IRB Infrastructure Dev Torrent Power Arvind Motherson Sumi Systems eClerx Services Zee Entertainment Ent. Others

Chemicals Chemicals FMCG Financial FMCG Textiles Energy Services Services Construction Energy Textiles Automobile Services Services Others

12.30 37.00 29.40 13.20 15.50 34.10 16.10 20.60 30.30 54.40 10.90 14.60 30.50 19.90 23.30

9.24 6.52 6.97 -17.78 53.08 14.09 12.89 -41.60 19.67 -22.92 -6.32 16.27 29.42 11.44 -4.83

4.87 4.76 4.39 4.15 3.83 3.79 3.38 2.91 2.77 2.69 2.68 2.46 2.45 2.28 2.23 23.61

2011 2010 2009 2008 2007

-10.05 4.40 -1.20 -27.97 -1.37

7.83 52.21 -9.59 34.05

17.89 21.61 -7.66 12.61

-0.48 10.53 -22.08 41.37

32.07 102.12 -53.14 110.47

Trailing Returns (%)


Return Fund Category Rank Fund/Cat S&P CNX Nifty SIP Return

Year-to-Date 30/60 -10.33 -6.99 -7.96 3-Month 7.24 7.55 30/62 -0.56 6-Month 26/60 -7.46 -4.91 -6.26 1-Year 4.65 7/57 12.70 5.83 2-Year 9.55 28.81 21.32 13/54 3-Year 9/51 9.45 17.64 6.79 5-Year 15.40 30.41 15.88 1/34 7-Year 10-Year Return less than 1-year are absolute and over 1 year are annualised

0.34 9.72 30.41 51.99 39.56 29.76 -

Top 10 Sector Weights (%)


Fund Nifty

Risk Analysis
Volatility Measurements

Portfolio Characteristics
Total Stocks Avg Mkt Cap (Rs.Cr) Portfolio P/B Ratio Portfolio P/E Ratio 3Y Earnings Growth (%) 16 7486 7.07 24.45 -

Growth Blend Value

FUND STYLE Investment Style


Large Medium Small

Services Chemicals FMCG Textiles Energy Financial Construction Automobile Others

10.19 9.63 8.22 6.25 6.07 4.15 2.69 2.45 28.17

8.05 18.56 26.70 1.79 7.29 -

Standard Deviation Sharpe Ratio Beta R-Squared Alpha

31.10 0.48 0.89 0.87 10.20

Composition (%)
Equity Debt Cash 77.80 10.10 12.10

Returns as on Returns as on June 14, 2011, Portfolio related data as on May 31, 2011

Capitalisation

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Best Performance
YEAR 145.54%

Value Research Analysis


Strategy The funds philosophy revolves around building a portfolio of emerging businesses that are scalable and form an integral part of the Indian economy. The portfolio allocation continuously seeks to capitalise on emerging themes and trends. The portfolio companies need to have an emerging business model, entrepreneurial vision and the capability to catapult to the next level of growth. They may not have scale at the time of investment but must have the potential to become market leaders. During periods when the fund manager perceives market valuations to be dangerously stretched, lump-sum subscriptions are stopped and only investments made via systematic investment plans (SIPs) are accepted. This prevents short-term money flowing into the fund and reduces the pressure of investing at market peaks. Our View In its entire period of existence, the fund has outpaced its benchmark BSE 500 during the bull phases of the market and contained the downside during market corrections. During the 2008 meltdown, the fund quickly moved one-fourth of its assets into debt, thus checking the fall. This fund invests in small and medium size businesses with good long term potential, which are available at cheap valuations. Although the portfolio sports a mid-cap bias, the fund picks stocks that are leaders in their respective sectors and have attractive valuations. Since the fund manager tries to position the fund ahead of the chain, he does not shirk from contrarian stands or bold sector bets. The Verdict There is no arguing with the numbers. The fund earned a return of 32 per cent in 2010 with a 5-year annualised return of 24 per cent (as on Jan 31, 2011). But with the focus on small companies, strong top sector bets and a fairly tight portfolio (individual stock bets do not cross 7%), there is an inherent strong risk taken to deliver that performance. Portfolio Insight FMCG, Services and Chemicals are the top 3 sectors. The fund has been overweight on Consumer Non-durables and Transportation. The fund has a very compact portfolio comprising around 25 stocks. On an average 60 per cent of the portfolio is in mid caps and 30 per cent in small caps. The top 10 stocks account for over 40 per cent of the assets. The fund holds a few offbeat stocks such as Page Industries, Solvent and Gokul Refoils & Solvent.

Fund Objective & Strategy


The scheme aims to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. It would invest in small and medium size businesses with good long term potential, which are available at cheap valuations.

QUARTER

75.77%

MONTH

28.29%

Portfolio Manager
Kenneth Andrade Since Feb 2007

Worst Performance
YEAR -56.66%

QUARTER

-40.28%

MONTH

-35.97%

Investment Information
AMC Website Registrar Launch Benchmark Plans (NAV) Min Investment (Rs.) : 25000 : IDFC Asset Management Company Limited Min SIP Investment (Rs.) : 2000 : www.idfcmf.com Entry Load : Nil : Computer Age Management Services Ltd. Exit Load : 1% for redemption within 365 days : September 2005 : BSE 500 : Dividend (23.71) , Dividend (19.58) , Growth (32.36) , Growth (23.87)

All the graphs are rebased to 10,000

NAV

S&P CNX Nifty

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How to Read the Fundcard - Equity


Value Research Rating, Risk and Return
Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the previous three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type. Risk Grade A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to other fund of the same type. Returns Grade A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Data on the funds performance since its launch. NAV (Year End) The last NAV of each year. Total Return The percentage returns that an investor would have got over the year. +/- In the given year, a comparison of the funds returns with that of two stock market indices Rank The funds performance rank within its category for the year and the total number of funds out of which it has been ranked. 52-Week NAV Range The highest and the lowest NAV that the fund recorded during that year Net Assets The total amount of investors assets that the fund was managing at the end of the year. Expense Ratio The percentage of the average daily assets that the fund charged as its management expenses during the year.
Birla Sun Life Frontline Equity Fund
Rating: Risk: Low Return: Above Average
Fund S&P CNX Nifty (Rebased to 10,000)

Fund Performance Vs Index


Graph of how an investors money would have grown in the fund since its launch. A similar graph of the funds benchmark index is also given. For ease of comparison, both have been adjusted to start at 10,000.
2001 2002 2003 2004 2005 2006 2007 2008

Fund Performance Vs S&P CNX Nifty


90000 70000 50000 30000 10000

History
NAV (Rs) Total Return (%) +/-S&P CNX Nifty (%) +/-BSE 200 (%) Rank (Fund/Category) 52 Week High (Rs) 52 Week Low (Rs) Net Assets (Rs.Cr) Expense Ratio (%)

1998

1999

2000

10.33 10.33 8.84 51.40 2.49

19.71 90.80 18.90 -3.67 54/70 19.71 9.91 15.15 2.50

23.94 21.46 10.78 5.77 50/79 23.94 16.36 9.11 2.50

33.94 41.77 5.43 7.97 65/101 33.94 22.34 140.54 2.50

50.13 47.70 7.87 8.12 27/145 50.76 32.26 124.74 2.50

81.34 62.26 7.49 1.82 71/162 81.46 46.06 374.84 2.35

41.89 -48.50 3.29 7.96 34/192 83.52 36.49 343.03 2.31

Top Holdings
Company Sector P/E 2008 Ret % Assets

Quarterly Returns (%)


Q1 Q2 Q3 Q4 Year

Quarterly Returns (%)


-14.18 14.53 -7.25 6.52 -13.50 -2.23 16.01 19.39 23.26 15.08 -18.97 23.88 11.70 8.02 21.15 -48.50 62.26 47.70 41.77 21.46

Top Holdings
A detailed report on the latest investment portfolio that the fund is holding. For each company, the sector, the P/E ratio, and the years returns are given. Also stated is the percentage of the funds investments that are invested in that company.

Bharti Airtel Reliance Industries ONGC HDFC Bank HDFC Satyam Computer Services ITC Axis Bank Infosys Technologies United Spirits ICICI Bank Dr. Reddy's Lab State Bank of India Crompton Greaves Indian Oil Cipla Sterlite Industries Reliance Communications Jindal Steel & Power Larsen & Toubro Zee Entertainment CESC Tata Consultancy Services ING Vysya Bank Nestle India

Communication Energy Energy Financial Financial Technology FMCG Financial Technology FMCG Financial Health Care Financial Engineering Energy Health Care Metals Communication Metals Diversified Services Energy Technology Financial FMCG

18.56 11.50 8.31 20.67 17.10 7.86 21.00 10.42 14.29 23.26 9.49 13.61 9.39 12.29 -22.87 11.81 22.87 7.07 17.65 16.01 6.21 12.79 8.89 26.11

-28.10 -57.30 -46.00 -42.26 -48.21 -62.12 -18.47 -47.82 -36.79 -55.48 -63.62 -36.12 -45.67 -65.84 -46.33 -12.09 -74.80 -69.56 -70.31 -62.88 -57.45 -62.11 -55.87 -50.78 -3.14

6.49 5.42 4.50 3.93 3.51 3.16 2.72 2.70 2.64 2.34 2.26 2.19 2.13 2.12 1.95 1.70 1.61 1.51 1.46 1.43 1.41 1.37 1.36 1.35 1.23

2008 2007 2006 2005 2004

-24.24 -1.42 19.42 -0.04 0.71

The funds returns over each quarter of the last five years, along with the entire years returns.

Trailing Returns (%)


Fund Return Category Rank Fund/Cat S&P CNX Nifty SIP Return

Year-to-Date -48.50 -55.29 34/192 -51.79 3-Month -18.97 -22.88 41/213 -24.53 6-Month -20.78 -27.09 38/209 -26.76 1-Year -48.50 -55.29 34/192 -51.79 2-Year -8.59 -16.06 22/158 -13.63 3-Year 7.27 -1.39 12/134 1.42 5-Year 16.27 12.91 19/67 9.50 7-Year 10-Year Return less than 1-year are absolute and over 1 year are annualised

-40.18 -0.86 -33.43 -40.18 -24.19 -9.43 9.90 -

Trailing Returns (%)


Performance data for various standard periods. All returns are in percentage. Periods greater than a year are annualised, shorter periods are not. Fund The funds own returns. Category The average returns for all funds in the category. Rank The funds rank, out of the total number of funds in the category Index The returns of the funds benchmark index. SIP Return (Annualised) The return that an investor would have made by investing in the funds monthly systematic investment plan over the period.

Top 10 Sector Weights (%)


Fund Nifty

Risk Analysis
Volatility Measurements

Portfolio Characteristics
Total Stocks Avg Mkt Cap (Rs.Cr) Portfolio P/B Ratio Portfolio P/E Ratio 39 28180 3.03 13.70

Growth Blend Value

FUND STYLE Investment Style


Large Medium Small

Financial Energy Communication Technology FMCG Health Care Engineering Metals Services Diversified

16.24 14.67 8.00 7.16 6.29 5.00 4.01 3.07 2.93 1.43

11.90 37.49 11.34 10.95 6.85 2.74 5.26 4.43 0.28 2.97

Standard Deviation Sharpe Ratio Beta R-Squared Alpha

28.32 0.21 0.88 0.96 4.77

Composition (%)
Equity Debt Cash 71.37 18.46 10.17

3Y Earnings Growth (%) 9.80 Returns as on 31st December 2008, Portfolio related data as on 30th November 2008

Capitalisation

Portfolio Characterstics
Aggregate measures regarding the funds investments. The market capitalisation, P/B ratio and P/E ratio are weighted averages of the latest numbers of the companies that the fund is invested in. Three Year Earnings Growth is the weighted average of the compounded average growth in the net profits of each company.

Fund Style
A nine-cell matrix of the overall style of investment that the fund follows, based on its latest portfolio. On the vertical axis, the three steps denote the weighted average market capitalisation of the funds investments. The horizontal axis denotes, on a weighted average basis, whether the companies that the fund has invested in are value stocks, growth stocks, or a blend of the two.

Top 10 Sector Weights (%)


The percentage of the equity investments of the fund that fall under each sector of the economy. The top 15 sectors for each fund are given.

Composition (%)
The proportion of the funds holdings that are held in each of the three basic types of assets.

Risk Analysis
A range of statistical measures that can be used to evaluate the performance, risk, and return of a mutual fund.

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