august 2012 1 - investmentkit docs€¦ · carborundumuniversalltd.companywebsite–...

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August 2012

Superior Growth

Presence in generally new

& faster growing segments

Ability to gain share due to

new technology, better

MATURITY

DECLINE

Growth

Why “Small and Midcap” Companies

GROWTH

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products / services etc.

Small base

Time

Focus on Small and Mid Caps here

GROWTH

INCEPTION

Small in size, big on stature!

Did you know India’s…. Company Market Cap.

(INR crore)

Category

Largest Batteries Company Exide Industries Ltd. 10,910 Mid Cap

Largest AC and Commercial Refrigeration Company

Blue Star Ltd. 1,715 Mid Cap

Market leader in specialty ceramics Vesuvius India Ltd. 717 Mid Cap

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Market leader in specialty ceramics and refractory products

Vesuvius India Ltd. 717 Mid Cap

Largest manufacture & exporter of Explosives in India

Solar Industries India Ltd 1,615 Mid Cap

One of India’s largest ceramics and abrasives manufacturers

Carborundum Universal Ltd.

2,835 Mid Cap

Exide Industries Ltd: Largest power storage solutions company in India. Company website – www.exideindustries.comBlue Star Ltd: India's largest air conditioning and commercial refrigeration company. Company website – www.bluestarindia.comVesuvius is a world wide leader in developing, manufacturing and marketing high performance specialty ceramics and refractorysupplier. Company website- www.vesuvius.comSolar Industries Limited. company website – www.solarexplosives.comCarborundum Universal Ltd. company website – www.cumi-murugappa.comMarket capitalization as on July 31, 2012 (NSE India).Stocks referred above are purely illustrative and are not recommended by HDFC Mutual Fund/ HDFC AssetManagement Company Ltd. The Fund may or may not have any present or future positions in these stocks.

Source: NSE ( www.nseindia.com)

Relative Index Performance(January 1, 2001 – July 31, 2012)

Over a longer period of time, the performance of mid-caps (represented by CNX Midcap) compensates fortheir inherently greater volatility relative to large-caps (represented by S&P CNX Nifty).

S&P CNX Nifty:13.11% CAGR

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Source: National Stock ExchangeAll returns are calculated by HDFC Asset Management Company Ltd.Returns are of July 31, 2012.Past Performance may or may not be sustained in the future

CNX Midcap Return:

17.13 % CAGR

PresentingHDFC Mid – Cap

Opportunities Fund

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Opportunities Fund

(An Open-Ended Equity Scheme)

Product Rationale

Provide investors with exposure to a portfolio constituted primarily of small andmid – cap companies

Such a portfolio offers a higher return potential than one comprising primarilylarge cap companies but also carries relatively higher risk, particularly over theshort and medium term

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Small and mid – cap companies offer the potential of higher returns due to thefollowing reasons:

Relatively less known by market participants / price discovery by market is not full

Better growth prospects due to presence in a new segment / area that is growing at a faster pace

Ability to gain market share due to new technology / better product / service etc.

Room for P/E multiples to expand if the company transitions from a small / mid – cap to a large cap

Market Capitalization Breakup(As on July 31, 2012)

50.00%

60.00%

70.00%

80.00%

90.00%

49.56% 50.09%

54.33%45.67%

88.5%

HDFC Mid – Cap Opportunities Fund offers investors greater exposure to small and mid caps relative to broad based market indices.

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0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

Large Cap Mid Cap Small Cap

0.35% 0.00%0.0%5.5%

S & P CNX 500 BSE 200 Index HDFC Mid - Cap Opportunities Fund

Source: NSE (www..nseindia.com.) & BSE Ltd (www.bseindia.com)

Mid – Cap Companies: Those companies that are either a constituent of CNX Midcap Index or companies that have market capitalization of ` 500 crore or more but do not exceed the market capitalization of the largest constituent of the

CNX Midcap Index.Small – Cap Companies: Those companies whose market capitalization is lower than ` 500 crore.

Large – Cap Companies: All stocks other than the above two categories.

Industry Allocation - % of Net Assets(As at July 31, 2012)

Consumer Durables

Chemicals

Auto Ancillaries

Software

Consumer Non Durables

Pharmaceuticals

Industrial Products

Banks

4.56

4.61

7.14

7.51

8.38

14.96

14.97

15.42

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Others include: Construction Project (0.59%), Telecom - Services (0.49%), Power (0.38%),Textile Products (0.23%), Ferrous Metals (0.14%)

Finance

Oil

Others

Industrial Capital Goods

Petroleum Products

Media & Entertainment

Construction

1.15

1.16

1.83

2.22

2.94

3.14

3.99

Portfolio Composition(As at July 31, 2012)

% to Net Assets

Total Equity & Equity Related Holdings 93.98

Cash, Cash Equivalents and net Current Assets 6.02

Grand Total 100.00

Average AUM for the quarter ended June 30, 2012 (` in Lakhs) 2,021.09

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Average AUM for the quarter ended June 30, 2012 (` in Lakhs) 2,021.09

Average Market Capitalization (INR Crore) 6,714

Market Capitalization of Largest Company (INR Crore) 43,226

Market Capitalization of Smallest Company (INR Crore) 105

Risk Management

Small and Mid – Cap companies may carry higher risk than large capcompanies, particularly over the short and medium term

The Scheme endeavors to control risk by adopting the following investmentstrategy:

Aims to maintain a well diversified portfolio (70 stocks as on July 31, 2012)

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The investment in small cap stocks to be restricted to 15% of net assets

The scheme permits investments in companies other than small and mid – cap companies and in Debtand Money Market Instruments up to 25% of the net assets

Portfolio concentration (%) as on July 31, 2012.# Benchmark index## Additional Benchmark index

Scheme CNX Midcap # S&P CNX Nifty ##

Top 5 Stocks 16.25 19.69 33.09

Top 10 Stocks 28.21 31.01 51.50

SCHEME PERFORMANCE SUMMARY

Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^

CNX

Midcap

(%) #

S & P CNX

NIFTY (%)

##

Scheme

(`)

CNX

Midcap

(`) #

S & P CNX

NIFTY (`)

##

Scheme CNX S & P CNX

HDFC Mid-Cap Opportunities Fund- Growth Option NAV as at June 29, 2012 ` 16.104HDFC Mid-Cap Opportunities Fund- Growth Option NAV as at June 29, 2012 ` 16.104HDFC Mid-Cap Opportunities Fund- Growth Option NAV as at June 29, 2012 ` 16.104HDFC Mid-Cap Opportunities Fund- Growth Option NAV as at June 29, 2012 ` 16.104

A. Cumulative Performance Value of Investment of `10,000@

B. Discrete 12 Month Returns (%)

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^ Past performance may or may not be sustained in the future.Returns greater than 1 year period are compounded annualised (CAGR)# Benchmark of the Scheme. ## Additional Benchmark of the Scheme.

@shows the current value of ` 10,000/- invested at the beginning of a given period.Performance of dividend option under the schemes for the investors would be net of distribution tax applicable.

29-Jun-11 Last 1 Year 16.129 -0.16 -7.72 -5.74 9,985 9,228 9,426 Period

Scheme

^

CNX

Midcap #

S & P CNX

NIFTY ##

29-Jun-10 Last 2 Years 14.187 6.53 -4.70 0.22 11,351 9,081 10,043 Jun 29, 11 to Jun 29, 12 -0.16 -7.72 -5.74

29-Jun-09 Last 3 Years 9.074 21.05 9.67 6.33 17,747 13,195 12,022 Jun 29, 10 to Jun 29, 11 13.69 -1.60 6.55

25-Jun-07 Since Inception 10.000 9.96 4.74 4.37 16,104 12,617 12,394 Jun 29, 09 to Jun 29, 10 56.35 45.31 19.70

SCHEME PERFORMANCE SUMMARYOf other schemes managed by Chirag Setalvad

Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ *

CRISIL

Balanced

Fund Index

(%) #

S & P CNX

NIFTY (%)

##

Scheme

(`)

CRISIL

Balanced

Fund Index

(`) #

S & P CNX

NIFTY (`)

##

29-Jun-11 Last 1 Year 57.405 1.40 -0.44 -5.74 10,140 9,956 9,426 Period

Scheme

^ *

CRISIL

Balanced

Fund Index

#

S & P CNX

NIFTY ##

29-Jun-10 Last 2 Years 50.541 7.31 2.82 0.22 11,518 10,574 10,043 Jun 29, 11 to Jun 29, 12 1.40 -0.44 -5.74

29-Jun-09 Last 3 Years 36.395 16.93 6.68 6.33 15,994 12,144 12,022 Jun 29, 10 to Jun 29, 11 13.58 6.21 6.55

11-Sep-00 Since Inception 10.000 16.09 N.A. 11.53 58,211 N.A. 36,247 Jun 29, 09 to Jun 29, 10 38.87 14.86 19.70

HDFC Balanced Fund- Growth Option NAV as at June 29, 2012 ` 58.211HDFC Balanced Fund- Growth Option NAV as at June 29, 2012 ` 58.211HDFC Balanced Fund- Growth Option NAV as at June 29, 2012 ` 58.211HDFC Balanced Fund- Growth Option NAV as at June 29, 2012 ` 58.211

Value of Investment of `10,000@


A. Cumulative Performance

HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226

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^ Past performance may or may not be sustained in the future.Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the Scheme. ## Additional Benchmark of the Scheme. N.A : Not AvailalblePerformance of dividend option under the schemes for the investors would be net of distribution tax applicable.@shows the current value of `10,000/- invested at the beginning of a given period.* Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of Balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments.@@ Miten Lathia since May 10, 2012

Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^

S & P CNX

500 (%) #

S & P CNX

NIFTY (%)

##

Scheme

(`)

S & P CNX

500 (`) #

S & P CNX

NIFTY (`)

##


Scheme

^

S & P CNX

500 #

S & P CNX

NIFTY ##



01-Feb-94 Since Inception 10.000 13.63 7.70 8.23 105,226 39,242 42,920 Jun 29, 09 to Jun 29, 10 46.13 23.30 19.70


HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226HDFC Capital Builder Fund- Growth Option NAV as at June 29, 2012 ` 105.226



The scheme is co-managed by Chirag Setalvad and Miten Lathia @@


Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^

SENSEX

(%) #

S & P CNX

NIFTY (%)

##

Scheme

(`)

SENSEX

(`) #

S & P CNX

NIFTY(`)

##


Scheme

^ SENSEX #

S & P CNX

NIFTY ##



02-Jan-01 Since Inception 10.000 25.12 13.61 13.18 131,509 43,370 41,507 Jun 29, 09 to Jun 29, 10 37.31 18.59 19.70

HDFC Long Term Advantage Fund- Growth Option @@ NAV as at June 29, 2012 ` 131.509HDFC Long Term Advantage Fund- Growth Option @@ NAV as at June 29, 2012 ` 131.509HDFC Long Term Advantage Fund- Growth Option @@ NAV as at June 29, 2012 ` 131.509HDFC Long Term Advantage Fund- Growth Option @@ NAV as at June 29, 2012 ` 131.509




HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228

^ Past performance may or may not be sustained in the future.Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the Scheme. ## Additional Benchmark of the Scheme. $ Adjusted for bonus units declared under the scheme. @shows the current value of ` 10,000/- invested at the beginning of a given period. Performance of dividend option under the schemes for the investors would be net of distribution tax applicable.*Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of Balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments@@ Open Ended Equity Linked Savings Scheme with a lock-in period of 3 years

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Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ $ *

Crisil

Balanced

Fund (%) #

S& P CNX

Nifty (%)

##

Scheme

(`)

Crisil

Balanced

Fund (`) #

S& P CNX

Nifty (`)

##

29-Jun-11 Last 1 Year 44.646 1.30 -0.44 -5.74 10,130 9,956 9,426 Period

Scheme

^ $ *

Crisil

Balanced

Fund #

S& P CNX

Nifty ##

29-Jun-10 Last 2 Years 37.140 10.34 2.82 0.22 12,178 10,574 10,043 Jun 29, 11 to Jun 29, 12 1.30 -0.44 -5.74


02-Mar-01 Since Inception 10.000 16.92 N.A 13.11 58,796 N.A. 40,410 Jun 29, 09 to Jun 29, 10 37.91 14.86 19.70




HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228HDFC CHILDREN'S GIFT FUND - INVESTMENT PLAN NAV as at June 29, 2012 ` 45.228

Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ $ **

CRISL MIP

Blended

Index (%) #

Crisl 10

Year Gilt

Index (%)

##

Scheme

(`)

CRISL MIP

Blended

Index (`) #

Crisl 10

Year Gilt

Index (`)

##

29-Jun-11 Last 1 Year 23.321 7.63 6.69 6.83 10,763 10,669 10,683 Period

Scheme

^ $ **

CRISL MIP

Blended

Index #

Crisil 10

year Gilt

Index ##



02-Mar-01 Since Inception 10.000 11.00 N.A N.A 32,630 N.A. N.A Jun 29, 09 to Jun 29, 10 18.26 7.24 3.18

HDFC CHILDREN'S GIFT FUND- SAVINGS PLAN NAV as at June 29, 2012 ` 25.100 HDFC CHILDREN'S GIFT FUND- SAVINGS PLAN NAV as at June 29, 2012 ` 25.100 HDFC CHILDREN'S GIFT FUND- SAVINGS PLAN NAV as at June 29, 2012 ` 25.100 HDFC CHILDREN'S GIFT FUND- SAVINGS PLAN NAV as at June 29, 2012 ` 25.100




HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659


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^ Past performance may or may not be sustained in the future.Returns greater than 1 year period are compounded annualised (CAGR). N.A: Not Available# Benchmark of the Scheme. ## Additional Benchmark of the Scheme. $ Adjusted for bonus units declared under the scheme. @shows the current value of ` 10,000/- invested at the beginning of a given period.Performance of dividend option under the schemes for the investors would be net of distribution tax applicable.** Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments..

The Scheme is co-managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt).

Date Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ **

CRISL MIP

Blended

Index (%) #

Crisil 1

Year T-bill

Index (%)

##

Scheme

(`)

CRISIL MIP

Blended

Index (`) #

Crisil 1

Year T-bill

Index (`)

##

29-Jun-11 Last 1 Year 16.7409 7.91 6.69 7.75 10,791 10,669 10,775 Period

Scheme

^ * *

CRISIL MIP

Blended

Index #

Crisil 1

Year T-bill

Index ##



17-Aug-05 Since Inception 10.0000 8.99 7.40 5.36 18,066 16,327 14,313 Jun 29, 09 to Jun 29, 10 17.83 7.24 2.16


HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659HDFC MULTIPLE YIELD FUND- PLAN 2005 - Growth Option NAV as at June 29, 2012 ` 18.0659



Why HDFC Mid – Cap Opportunities Fund?

Opportunity to invest in a diversified portfolio of small and mid sized companieswith faster growth potential

Provides diversification to an investor’s overall equity mutual fund portfolio

Attractive valuations of small and mid cap companies

15

One of the most experienced fund management and research teams in thecountry with a track record of managing equity assets across market cycles

Strong emphasis on risk management to mitigate the inherently greater volatilityof a portfolio dominated by small and mid cap companies

Product Features

Type of Scheme Open-ended Equity Scheme

Inception Date (Date of allotment) June 25, 2007

Investment Objective To generate long – term capital appreciation from a portfolio that is substantially constituted of equityand equity related securities of small and mid – cap companies

Fund Manager $ Mr. Chirag Setalvad (since June 25, 2007)

Options Growth and Dividend. Dividend option offers payout and reinvestment facility.

Minimum Application Amount

(Under Each Option)

Purchase: ` 5,000 and any amount thereafter

Additional Purchase: ` 1,000 and any amount thereafter

Load Structure Entry Load: Not Applicable. Upfront commission shall be paid directly by the investor to the ARNHolder (AMFI registered Distributor) based on the investors’ assessment of various factors

16

Holder (AMFI registered Distributor) based on the investors’ assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load:

In respect of each purchase / switch-in of units, an exit load of 1.00% is payable if units areredeemed / switched – out within 1 year from the date of allotment

No exit load is payable if units are redeemed / switched – out after 1 year from the date ofallotment

No Entry/ Exit Load shall be levied on bonus units and units allotted on dividend reinvestment

Benchmark CNX Midcap Index

Additional Benchmark S&P CNX Nifty

$ Dedicated Fund Manager for Overseas Investments: Mr. Rakesh Vyas since May 10, 2012.

Asset Allocation Pattern

Under normal circumstances, the asset allocation of the scheme’s portfolio will be as follows:

Type of Instruments Minimum Allocation

(% of Net Assets)

Maximum Allocation

(% of Net Assets)

Risk Profile of the Instrument

Equity and equity related securities ofSmall and Mid-Cap companies of which

Small-Cap companies

Mid-Cap companies

75

0

75

100

15

100

High

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The investment in Securitised Debt will not normally exceed 25% of the net assets of the SchemeThe Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 25% of netassets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose ofhedging and portfolio balancing (max. 20% of net assets) based on the opportunities available subject to SEBI (MutualFunds) Regulations, 1996.

Mid-Cap companies 75 100

Equity and equity related securities otherthan above

0 25 High

Debt and Money Market Securities 0 25 Low to Medium

DISCLAIMER: This presentation has been prepared by HDFC Asset Management Company Limited (“HDFC AMC”) on thebasis of internal data, publicly available information and other sources believed to be reliable. The information contained inthis document is for general purposes only. The document is given in summary form and does not purport to be complete.The document does not have regard to specific investment objectives, financial situation and the particular needs of anyspecific person who may receive this document. The information/ data herein alone are not sufficient and should not beused for the development or implementation of an investment strategy. The same should not be construed as investmentadvice to any party. Neither HDFC AMC and HDFC Mutual Fund (the Fund) nor any person connected with them, accepts anyliability arising from the use of this document. The recipient(s) before acting on any information herein should makehis/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for anydecision taken on the basis of information contained herein.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL

Disclaimer & Risk Factors

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALLSCHEME RELATED DOCUMENTS CAREFULLY.

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Thank You

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august 2012 1 - investmentkit docs€¦ · carborundumuniversalltd.companywebsite–...

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