fd monitor 16 - smc trade online · contents equity 4-7 derivatives 8-9 commodity 10-13 currency 14...

Contents

Equity 4-7

Derivatives 8-9

Commodity 10-13

Currency 14

IPO 15

FD Monitor 16

Insurance 17

Mutual Fund 18

SMC RESEARCH TEAMREGISTERED OFFICES:

11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.

Tel: 91-11-30111000, Fax: 91-11-25754365

MUMBAI OFFICE:

Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road

Malad (West), Mumbai 400064

Tel: 91-22-67341600, Fax: 91-22-28805606

KOLKATA OFFICE:

18,Rabindra Sarani, Poddar Court, Gate No-4,5th Floor, Kolkata-700001

Tel : 91-33-39847000 Fax No : 91-33-39847004

AHMEDABAD OFFICE :

10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,

C G Road, Ahmedabad-380009, Gujarat

Tel : 91-79-26424801 - 05, 40049801 - 03

CHENNAI OFFICE:

Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,

Chetpet, Chennai - 600031.

Tel: 044-39109100, Fax -044- 39109111

SECUNDERABAD OFFICE:

206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,

Secunderabad - 500003

Tel: 91-40-30780298/99, 39109536

DUBAI OFFICE:

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Tel: 97143963120, Mobile : 971502612483

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[email protected]

Printed and Published on behalf of

Mr. Saurabh Jain @ Publication Address

11/6B, Shanti Chamber, Pusa Road, New Delhi-110005

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Printed at: S&S MARKETING

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Ph.: +91-11- 43035012, 43035014, Email: [email protected]

lobal stock markets remained in a fix as policy makers from U.S. to Europe

were seen unsure with respect to policy decision amidst concerns over the Gemerging markets growth and its effects on the global economy. Investors

are not sure whether the U.S. Federal Reserve would hike interest rate this year or not

amid concerns pertaining to global growth. The Euro area economy has probably

maintained the economic expansion at a pace of 0.4% in the third quarter and

European Central Bank chief Mario Draghi stated that it needs time to consider

whether the risks to the economic outlook warrant a step-up in stimulus. Chinese

policy makers are expected to lower the growth forecast for next year in view of the

excess capacity and weak manufacturing activity.

Back at home, market witnessed intermittent volatility ahead of the expiry of the

near month September 2015 derivatives contracts. Market participants are eyeing on

the ensuing monetary policy meeting scheduled on 29th September. It is expected

that the Reserve Bank of India (RBI) would cut interest rates in the Tuesday meeting as

falling energy prices have cooled inflation and the economy has slowed. Consumer

inflation came at 3.66 percent last month as crude is hovering below $50 a barrel and

food costs dropped. Meanwhile, domestic markets have well discounted the interest

rate cut by 25 bps by the Reserve Bank of India. Macroeconomic data, RBI's decision on

interest rates, trend in global markets, investment by foreign portfolio investors

(FPIs), the movement of rupee against the dollar and crude oil price movement will

dictate trend of the market in the truncated trading week ahead.

Meanwhile, commodities closed on a weaker note in the week gone by as dollar index

strengthened again and market lacked positive triggers. Gold can move in the range of

26000-27000 levels while silver can move in the range of 34500-36500 levels. Crude oil

may remain on a volatile path as EIA inventory data, rig count and movement of the

greenback is likely to give further direction to the prices. Crude oil can move in the

range of 2900-3200 levels in MCX. The base metal counter may remain on the weaker

path amid China slowdown concerns. Merger of commodities market regulator FMC

with Sebi with effect from September 28 is giving a ray of hope to the market

participants and market is expecting many developments in coming future. Personal

Consumption Expenditure Core, Consumer Confidence, ISM Manufacturing,

Unemployment Rate, and Change in Non-farm Payrolls of US, Manufacturing PMI of

China, GDP of Canada, CPI, and German Unemployment Change and CPI of Germany

etc are few of the very important data, which can give significant direction to the

commodities prices.

From The Desk Of Editor

(Saurabh Jain)

SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (“SEBI”) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private Limited at www.elaracapital.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section titled “Risk Factors” of the aforementioned offer document.

SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.

SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.

SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.

The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.

SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.

NEWS

DOMESTIC NEWSEconomy• According to the figures from the Conference Board, the leading index for

India, which measures the future economic activity, decreased in August after rising in the previous month. The Conference Board leading economic index dropped 0.7 percent in August, reversing a 1.7 percent gain in July. In June, the index had fallen 0.1 percent.

Realty/ Construction• DLF will be opening its sixth mall in Delhi-NCR by May next year at an

investment of `300 crore. Besides, the Gurgaon-based developer will be opening the ̀ 1,700-crore 'Mall of India' in Noida by November this year.

• Pratibha Industries secured a work order worth `376.07 crore from TDWSP, Circle, Sangareddy, Rural Water Supply and Sanitation Department, Government of Telangana for providing Drinking Water to Sangareddy Segment from Singur Source in Medak District including operation and maintenance for 10 years after commissioning (including DLP of 5 years). The project is to be completed within 18 months from date of commencement.

Pharmaceutical• Pfizer has entered into a Business Transfer Agreement (BTA) for the

transfer of the Company's business at the Thane Plant as a going concern to Vidhi Research and Development LLP in accordance with the terms of the agreement for a lump sum consideration of ̀ 178 crore.

Engineering• Larsen & Toubro has bagged orders worth `1,810 crore across various

verticals so far in this month. The company's construction arm has secured these contracts in the buildings and factories, water, power and transportation infrastructure businesses.

Oil & Gas• Bharat Petroleum Corporation (BPCL) is all set to start work on the

petrochemicals complex in Kochi with all green clearances in place and securing a ̀ 4,000-crore loan commitment from State Bank of India.

Cement• UltraTech Cement has commissioned a cement grinding unit with a

capacity of 1.6 million TPA at Jhajjar, Haryana. With this, the Company's cement capacity stands augmented to 63.1 million TPA. The third line at Aditya Cement, Rajasthan commissioned in March 2015 cater to the clinker requirement of this plant.

Capital Goods• Suzlon has bagged contracts from SMEs and public sector undertakings

(PSU) to supply 50 turbines of 2.1 Mw each in various parts of the country.Cable• Sterlite Technologies has entered into a definitive agreement for the

acquisition of Elitecore Technologies (Elitecore), a global telecom software product company. Elitecore is a leading provider of Operations Support Services / Business Support Services and is majority owned by First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group.

Information Technology• MindTree will invest around ̀ 125 crore for the next two phases of expansion

at its Bhubaneswar campus which has been built over 20 acres of land.Automobile/ Auto Ancillaries• TVS Motor Company announced the launch of TVS Sport with improved

mileage and additional features. The motorcycle claims that the vehicle can deliver mileage of 95 kmpl.

• Steel Strips Wheels to meet the growing demand for Alloy Wheel Rims has entered into an agreement with KALINK to set up a most modern Ally Wheel manufacturing facility at Mehsana, Gujarat for an initial capacity of 1.5 million Alloy Wheel Rims p.a. with sizes ranging from 14' to 19'.

INTERNATIONAL NEWS• US existing home sales tumbled by 4.8 percent to a seasonally adjusted

annual rate of 5.31 million in August from a downwardly revised 5.58 million in July. Economists had been expecting existing home sales to dip to a rate of 5.50 million from the 5.59 million originally reported for the previous month.

• Chinese manufacturing activity contracted the most in six-and-a-half years in September, as orders and production declined at faster rates. The flash manufacturing Purchasing Managers' Index fell to 47 in September from 47.3 in August, survey data from Caixin Insight Group and Markit showed. This was the lowest score in 78 months and was below the consensus estimate of 47.5.

• U.K. budget balance showed its biggest shortfall for August in three years as tax revenue declined from last year. Public sector net borrowing excluding public sector banks increased by GBP 1.4 billion from last year to GBP 12.1 billion in August. This was the largest deficit for August since 2012. Economists had forecast the deficit to widen to GBP 9.2 billion.

Ex-Date Company Purpose

1-Oct-15 IDFC Demerger

8-Oct-15 Seamec Buyback

15-Oct-15 Symphony Dividend - Rs 10/- Per Share

15-Oct-15 Gillette India Dividend - Rs 15/- Per Share

16-Oct-15 Infosys Interim Dividend

Meeting Date Company Purpose

28-Sep-15 BLB Amalgamation/Merger

28-Sep-15 MSP Steel & Power Preferential issue

28-Sep-15 Bank of Baroda Preferential Issue

28-Sep-15 Bank of India Other Purpose, Preferential Issue

28-Sep-15 Corporation Bank Other Purpose, Preferential Issue

29-Sep-15 Canara Bank Preferential Issue

29-Sep-15 Jindal Poly Films Raising of Funds

30-Sep-15 Unity Infraprojects Issue of Securities

30-Sep-15 Surana Telecom

and Power Scheme of Arrangement

30-Sep-15 Parenteral Drugs (India) Preferential issue

06-Oct-15 Bank of Maha Preferential Issue

12-Oct-15 Infosys Results/Dividend

14-Oct-15 Goa Carbon Results/Others

17-Oct-15 DCM Other Purpose, Scheme of

Amalgamation

19-Oct-15 Gruh Finance Results

20-Oct-15 ACC Results

FORTHCOMING EVENTS

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) 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 SUPPORT RESISTANCE Closing

Price Trend Trend

Changed Changed

SENSEX 25864 DOWN 27.08.15 26231 26700 27100

S&P NIFTY 7869 DOWN 27.08.15 7949 8150 8250

CNX IT* 11954 DOWN 24.04.15 11132 - 12000

CNX BANK 17197 DOWN 27.08.15 17214 17400 17800

ACC 1343 DOWN 20.03.15 1570 1400 1420

BHARTIAIRTEL 333 DOWN 13.08.15 385 365 370

BHEL 198 DOWN 13.08.15 259 220 225

CIPLA 643 DOWN 03.09.15 656 680 690

DLF 127 UP 07.08.15 126 110 105

HINDALCO 71 DOWN 12.12.14 154 85 90

ICICI BANK 268 DOWN 06.02.15 329 290 300

INFOSYS 1141 UP 24.07.15 1088 1080 1050

ITC 323 UP 31.07.15 326 310 305

L&T 1462 DOWN 27.08.15 1620 1600 1640

MARUTI 4567 UP 24.09.15 4567 4300 4200

NTPC 122 DOWN 08.05.15 142 130 135

ONGC 228 DOWN 17.10.14 397 260 270

RELIANCE 837 DOWN 13.08.15 933 900 920

TATASTEEL 215 DOWN 29.05.15 328 250 260

S/l

4

®

Closing as on 24-09-2015*CNXIT has breached the resistance of 11800 levels

BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)

SECTORAL INDICES (% Change)

SMC Trend

SMC Trend

FMCGHealthcare

FTSE 100CAC 40

Auto BankRealty

Cap GoodsCons Durable

Oil & GasPower

NasdaqDow jonesS&P 500

NikkeiStrait times

Hang SengShanghai

ITMetal

Down SidewaysUp

GLOBAL INDICES (% Change)

INDIAN INDICES (% Change)

5

®

SMC Trend

Nifty BSE Midcap S&P CNX 500BSE SmallcapSensex Nifty Junior

2.20

1.351.08

0.840.33

-5.54-5.07 -4.88 -4.67 -4.49

-6.00

-5.00

-4.00

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

Maruti Suzuki

Lupin Infosys M & M Wipro Tata Motors Bharti Airtel Reliance Inds.

B H E L NTPC

3.14

2.20

1.22 1.07 0.83

-7.37

-6.04-5.58

-5.32 -5.27

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

Cairn India Maruti Suzuki Lupin Infosys B P C L Bosch Tata Motors Asian Paints Bharti Airtel UltraTech Cem.

768.30

446.22

-965.64

342.40

85.0036.00

792.50

-1200.00

-1000.00

-800.00

-600.00

-400.00

-200.00

0.00

200.00

400.00

600.00

800.00

1000.00

Friday Monday Tuesday Wednesday Thursday

FII / FPI Activity MF Activity

-1.70-1.51

-0.68

0.70

-1.46-1.25

-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

-1.55

-0.84

-2.17

-1.17

1.40

0.280.15

-4.22

-0.56

-2.35

-1.22

-5.00

-4.00

-3.00

-2.00

-1.00

0.00

1.00

2.00

Auto Index Bankex Cap Goods Index

Cons Durable Index

FMCG Index Healthcare Index

IT Index Metal Index Oil & Gas Index

Power Index Realty Index

-1.54

-0.64

-0.98-1.06 -1.18

-2.82

0.58

-1.18

-2.27

-3.00

-2.50

-2.00

-1.50

-1.00

-0.50

0.00

0.50

1.00

Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.

FTSE 100 CAC 40

INSTITUTIONAL ACTIVITY (Equity) (` Crore)

Beat the street - Fundamental Analysis

Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline

6

®

Investment Rationale respectively as per COMSCORE, which augurs well for future. •Jagran Prakashan Limited is a leading media

house of India with interests spanning across •The Company's internet business continues to newspapers, magazines, outdoor advertising, grow from strength to strength reaching to over promotional marketing, event management, on 50M Internet Users in the month of June, 2015 ground activities and digital businesses. (Source: Google Analytics) and 7.2 million likes on

facebook. Mobile users and mobile Apps are a •During the quarter ended June 2015, priority for Jagran Sites as India is expected to be advertisement revenue was up by 11.9% to a mobile first Internet country, Currently over 60% `308.89 crore. Circulation revenue was up by of the sessions were from mobile. 5.1% to `100.51 crore. Government, Education,

ValuationAuto and others sectors contributed to Over the years, the company has gained strong foot advertisement growth rate.print in the media and communications space. Going •After posting good set of numbers in first quarter forward, it is expected to benefit from the expansion of new fiscal, the management believes the next in regional language newspaper readership and two quarters will also be good. The company will growth in ad revenue. It enjoys leadership in terms of continue to see double digit growth in ad revenue readership among the Hindi language newspapers, and it has passed on the benefit of low newsprint we expect the stock to see a price target of ̀ 163 in 8 prices to advertisers.to 10 months time frame on a one year average P/E of •During Q1FY16, the Company has completed the 17.55x and FY16 (E) earnings of ̀ 9.29.long awaited acquisition of Radio City but it also

delivered the highest ever profit and probably the highest growth in advertisement revenue in the industry. From the first quarter itself, Radio City has started contributing to the Company's profits and the mangement confident that this acquisition is going to be hugely value accretive.

•The performance of Naidunia and Midday continues to be better than expected. Outdoor business registered a steep growth in revenues and improved net realization which was credible in the given market conditions. The company is happy to report that its Digital properties are now at number 45 and in News & Information and Education categories our ranking is 6th and 3rd

Face Value (`) 2.00

52 Week High/Low 154.40/107.50

M.Cap (`Cr.) 4488.50

EPS (`) 7.67

P/E Ratio (times) 17.90

P/B Ratio (times) 3.95

Dividend Yield (%) 2.55

Stock Exchange BSE

` in cr

% OF SHARE HOLDING

P/E Chart

JAGRAN PRAKASHAN LIMITED CMP: 137.30 Upside: 19%Target Price: 163

VALUE PARAMETERS

Actual Estimate

FY Mar-14 FY Mar-15 FY Mar-16

Revenue 1,663.10 1,725.40 2,108.50

EBITDA 382.60 450.60 572.80

EBIT 303.70 347.00 466.10

Pre-tax Profit 315.80 338.00 447.10

Net Income 236.20 227.70 310.00

EPS 7.50 7.30 9.29

BVPS 29.42 34.69 41.17

ROE 24.90 21.70 24.50

BANK OF BARODA CMP: 188.35 Upside: 20%Target Price: 226

Investment Rationale •The bank proposes to open new 250 branches in FY2016. During the quarter ended June 2015, •Global business of the bank grew at moderated During the quarter, the bank has added 17 new pace of 7% yoy to `10,01,475 crore at end June domestic branches. Bank has also installed new 261 2015. Global deposits stood at ̀ 5,93,087 crore and ATMs during the quarter ended June 2015. The the global advances stood at ̀ 4,08,388 crore at end network of branches was 5273 branches (including June 2015.66 overseas branches) at end of June 2015. ATM •Net Interest Margin (NIM) of the bank stood at 2.26 count has improved to 8291 at end June 2015.percent in the reporting quarter ended June 2015.

ValuationBank has maintained the domestic NIMs have been A pickup in the investment cycle, higher growth in reasonably maintained.retail & SME segments, healthy fee income growth, •The Gross NPA % of the bank stood at 4.12% as at and growth in CASA would lead to a rebound in RoAs. June 2015 in comparision to 3.72% during the In terms of capital adequacy and increasing stress quarter ended March 2015 and the net NPA % stood during the quarter, Bank of Baroda remains at 2.07% as against 1.89% for the same period.comparatively well placed among its PSU peers. •Provision Coverage Ratio stood at 64.94% during the Thus, it is expected that the stock may see a price quarter ended June 2015 as compare to 64.99% target of ̀ 226 in 8 To 10 months time frame on a one during the quarter ended March 2015. Capital year average P/BV of 1.2x and FY16 (E) BVPS of Adequacy ratio of the Bank under Basel III is 11.98% `188.19.as on June, 2015.

•Current Account Saving Account (CASA) deposits of the bank increased 11% yoy to ̀ 1,53,544 crore with 13% rise in domestic CASA to ̀ 1,29,223 crore, while overseas CASA deposits rose 1% `24,321 crore at end June 2015.

•To give a boost to its Retail Business, Bank has waived off full processing charges for Home / Car loans and 50% for traders loan, opened one new Retail Loan Factory (taking the network to 61), streamlined the schemes for housing loans, loans to pensioners and strengthened its lending automation processing system (LAPS) for efficient processing of the proposals.

Face Value (`) 2.00

52 Week High/Low 228.90/137.50

M.Cap (`Cr.) 41653.53

EPS (`) 17.05

P/E Ratio (times) 11.05

P/B Ratio (times) 0.99

Stock Exchange BSE

VALUE PARAMETERS

% OF SHARE HOLDING

P/B Chart

` in cr

Actual Estimate FY Mar-14 FY Mar-15 FY Mar-16

Revenue 16,428.09 19,817.60 18,900.60

Pre-tax Profit 6,058.60 5,230.00 5,633.80

Net Income 5,062.90 3,911.70 3,718.30

EPS 23.94 18.22 18.91

BVPS 176.27 166.83 188.19

ROE 14.20 9.60 9.20

16.35

11.4

9.2760.76

2.23 Foreign

Institutions

Non Promoter Corporate Holding

Promoters

Public & Others

13.97

20.69

2.43

57.53

5.38 Foreign

Institutions

Non Promoter Corporate Holding

Promoters

Public & Others

Charts by Spider Software India Ltd

7

EQUITY

Above calls are recommended with a time horizon of 1-2 months

Disclaimer : research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.

The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its

SOURCE: CAPITAL LINE

®

The stock closed at `141.90 on 24th September 2015. It made a 52-week low at

`78.65 on 26th September 2014 and a 52-week high at ̀ 150.90 on 14th July 2015.

The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is

currently at ̀ 120.18.

As we can see on the chart, there is a sharp upside momentum since 2013.

Moreover, after taking short breaks, it has again started its upward journey to

make new 52 week highs, which are a sign of strength. One can buy in the range

of 138-140 levels for the target of 155-160 levels with SL of 131.50 levels.

DCB BANK LIMITED

The stock closed at ̀ 567.35 on 24th September 2015. It made a 52-week low at

`458.50 on 06th July 2015 and a 52-week high of ̀ 748.78 on 02nd February 2015.

The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is

currently at ̀ 569.93.

In the first quarter of this year, it made its 52 week high of 748 levels but could

not sustain and decline sharply. But looking at the monthly chart, it is clear that

this particular scrip is still in uptrend and buying on dips is advisable for good

profits. One can buy in range of 551-554 levels for the target of 600-605 levels

with SL of 527 levels.

TECH MAHINDRA LIMITED

DERIVATIVES

CHANGE IN NIFTY OPTION OI (IN QTY)

WEEKLY VIEW OF THE MARKET

NIFTY OPTION OI CONCENTRATION (IN QTY)

CHANGE IN BANKNIFTY OPTION OI (IN QTY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY)

®

TECHM (OCT FUTURE)

Buy: Above `571

Target: `591

Stop loss: `561

BHEL

Buy OCT 190. PUT 6.95

Sell OCT 180. PUT 4.00

Lot size: 1000

BEP: 187.05

Max. Profit: 7050.00 (7.05*1000)

Max. Loss: 2950.00 (2.95*1000)

OPTIONSTRATEGY

FUTURE

LUPIN

Buy OCT 2000. CALL 76.00

Sell OCT 2100. CALL 41.00

Lot size: 125

BEP:2035.00

Max. Profit: 8125.00 (65.00*125)

Max. Loss: 4375.00 (35.00*125)

TATASTEEL

Buy OCT 210. PUT 8.90

Sell OCT 200. PUT 5.65

Lot size: 1000

BEP: 206.75

Max. Profit: 6750.00 (6.75*1000)

Max. Loss: 3250.00 (3.25*1000)

DERIVATIVE STRATEGIES

INDUSINDBK (OCT FUTURE)

Buy: Above `931

Target: `965

Stop loss: `914

BEL (OCT FUTURE)

Buy: Above `1181

Target: `1223

Stop loss: `1159

BULLISH STRATEGY BEARISH STRATEGY

The bears dragged down the markets on global economic slowdown concern supported by FII selling. Nifty fell more than 200 points during the week due to panic

selling. Nifty is trading near the 7800 level of mark and all major sectors like Auto, Banks, FMCG, Metals are trading below their 100 days moving averages

whereas just Pharma and IT sectors are holding ground. For the Oct series, the basis gap decreased to premium of 43 points from 55 points over the week. The

Implied Volatility (IV) of calls was up and closed at 18.13% while that for put options closed at 18.29%. The Nifty VIX for the week closed at 20.69% and is expected

to remain up. Overall market's cost-of-carry is down on the back of liquidation of longs and short rollover.

Among Nifty Oct Call options, the 8200-strike call has the highest open interest of 21 lakh shares. On put side, 7800-strike put has the highest open interest of

over 28 lakh shares followed by the 7500-strike put which have OI of over 26 lakh shares respectively. The PCR OI for the week closed flat at 1.05. On the technical

front, 7700 level is strong support for Nifty and any closing below this level would increase the selling pressure toward 7550 level. One should use short term

bounces for creating fresh shorts.

In lakhs

In 10000 In 10000

Call Put

0.8

3 3.0

2

2.9

0

10

.69

24

.34

32

.66

42

.85

33

.09

29

.54

32

.00

28

.73

34

.65

32

.25

42

.10

38

.61

38

.32

18

.33

20

.19

8.2

4

9.6

5

5.6

3

3.2

8

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

7200 7500 7600 7700 7800 7900 8000 8100 8200 8300 8500

Call Put

-0.8

8

-0.5

7

-1.8

7

-7.2

0

-16

.23

-14

.58

-13

.12

-16

.50 -1

2.7

1

-4.6

4

-20

.90

-29

.41

-22

.05

-19

.99 -1

5.8

5

-22

.33

-20

.57

-26

.76

-4.8

6

-6.5

1

-2.4

2

-0.9

1

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

7200 7500 7600 7700 7800 7900 8000 8100 8200 8300 8500

Call Put

0.2

3

11

.46

5.5

2 11

.00

56

.02

12

.74

13

.23

48

.74

58

.93

28

.76

26

.71

45

.84

38

.25

50

.01

14

.49

74

.31

17

.11

8.9

9 13

.75

6.3

2

2.9

7

4.5

8

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

15000 16000 16500 16800 17000 17200 17300 17500 18000 18500 19000

Call Put

0.7

3

-11

.24

-9.0

6 -3.4

3

-44

.36

-6.1

5

-3.5

5

-32

.44

-46

.11

-26

.71

-16

.22

-39

.66 -3

3.8

1

-42

.13

-6.4

4

-30

.73

-13

.67

-4.2

7

-13

.15

-5.6

5

-3.0

2

-2.8

1

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

15000 16000 16500 16800 17000 17200 17300 17500 18000 18500 19000

8

In lakhs

9

DERIVATIVES

®

FII’s ACTIVITY IN DERIVATIVE SEGMENT

SENTIMENT INDICATOR (NIFTY)

23-Sep 22-Sep 21-Sep 18-Sep 16-Sep

Discount/Premium 9.50 -14.90 2.95 0.65 -2.85

PCR(OI) 1.05 1.03 1.14 1.17 1.05

PCR(VOL) 1.06 1.01 1.00 1.14 1.05

A/D RATIO(Nifty 50) 1.94 0.02 1.08 2.13 4.56

A/D RATIO(All FO Stock)* 2.27 0.10 2.10 2.67 1.51

Implied Volatality 18.13 17.46 16.37 16.40 17.10

VIX 20.69 20.35 18.18 18.29 18.29

HISTORY. VOL 27.49 28.13 26.76 27.60 27.98

*All Future Stock

SENTIMENT INDICATOR (BANKNIFTY)

23-Sep 22-Sep 21-Sep 18-Sep 16-Sep

Discount/Premium 76 70.15 84.3 86.35 69.6

PCR(OI) 1.00 0.78 1.03 1.01 0.87

PCR(VOL) 0.97 1.02 0.98 0.89 0.84

A/D RATIO(BANKNIFTY) 11.00 All Down 5.00 All Up All Up

#A/D RATIO 20.00 All Down 9.50 All Up All Up

Implied Volatality 23.53 24.83 22.94 23.86 25.98

HISTORY. VOL 39.26 39.76 38.18 39.22 38.45

FII’S ACTIVITY IN NIFTY FUTURE

**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering

# All BANKING Future Stock

Top 10 short build up

In Cr. In Cr.

Top 10 long build up

LTP % Price Change^ Open interest %OI Chng^

IDBI 73.65 23.47% 23976000 21.68%

JUBLFOOD 1587.4 0.84% 1647750 2.97%

LTP % Price Change^ Open interest %OI Chng^

PTC 57.1 -1.64% 11648000 38.60%

MOTHERSUMI 248.45 -12.50% 8058750 13.62%

M&MFIN 231.6 -2.44% 9452000 2.37%

80

2

- 27

3

24

1

- 34

25

7

- 50

47

0

- 18

36

- 69

7

17

3

-2000

-1500

-1000

-500

0

500

1000

09-Sep 10-Sep 11-Sep 14-Sep 15-Sep 16-Sep 18-Sep 21-Sep 22-Sep 23-Sep

20

33

28

3

- 52

0

27

6

- 11

28

58

5

42

03

35

8

18

99

- 13

7

-2000

-1000

0

1000

2000

3000

4000

5000

09-Sep 10-Sep 11-Sep 14-Sep 15-Sep 16-Sep 18-Sep 21-Sep 22-Sep 23-Sep

^ Sep Series v/s Oct Series

Turmeric futures (Oct) is expected to decline for the fourth consecutive week & test 7200-7000 levels. The sentiments of the spot markets at Erode are bearish due to absence of demand from upcountry buyers. Even the Salem Hybrid turmeric is selling at a decreased price due to a quality issue. The prices of the yellow spices are decreasing there is a lack of demand for the medium variety, which are being brought by the producers. Hence, no stockists are taking interest in buying the same; only the traders are procuring the stock to fulfill their local orders. At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at `5,236-7,867 a quintal. At the Erode Cooperative Marketing Society, the finger turmeric was sold at `6,699-7,780 and the root variety `6,589-7,479. Jeera futures (Oct) may trade range bound & witness a consolidation in the range of 15600-16800 levels. The downfall may get limited due to limited stocks in local mandies coupled with steady export demand. On the supply side, the inventories all over India is reported around 11 – 12 lakh bags as compared to last year 18 – 20 lakh bags (1 bag = 55 Kgs). The export demand is reported at price of `15400 – 15600/qtl in Unjha mandi. Cardamom futures (Oct) will possibly trade sideways in the range of 810-850 levels. The third round of harvesting is going on & the spot markets are witnessing an upsurge in arrivals, almost double of the previous season. Total arrivals during the season up to September 19 stood at 5,271 tonnes against 2,329 tonnes as on the same day last year. Sales were at 5,166 tonnes and 2,282 tonnes respectively.

SPICES

Bullion counter may trade on a volatile path as movement of greenback and uncertainty about a hike in interest rates in US to give further direction to the prices. On the domestic bourses, movement in the local currency rupee has affected the prices which can move in the range of 65-67 levels in the near term. Meanwhile dollar index can move in the range of 95-97 levels. Gold can move in the range of 26000-27000 levels while Silver can move in the range of 34500-36500 levels. Russian gold reserves soar by 1 million ounces in August while China also increases their gold reserves significantly in August. Bullion has benefited in recent years from ultra-low rates, which cut the opportunity cost of holding bullion while holding the dollar in check. But expectations that rates will rise soon have pushed the metal down more than 6 percent this year. With little clarity on when rates might move, and the Fed's bearish analysis, leaving investor confidence brittle and this nature might persist in the coming days. St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart indicated in separate remarks that the U.S. central bank is still likely to raise short-term interest rates this year. Increase in Indian demand for physical gold ahead of the country's religious festivals, could give support to gold prices. Inflation, against which gold is traditionally seen as a hedge, is barely registering and the key emerging markets for gold such as China are expected to see a major slowdown in growth over the coming months.

BULLIONS

10

The base metal counter may remain on the weaker path amid China slowdown

concerns, but supply problems can give short covering near current levels.

China's flash Caixin manufacturing PMI for September dipped to its lowest in

six-and-a-half years, adding to concerns about China's economic health. The

reading of 47 was the forecast of 47.6 and down from 47.1 in August. A figure

below 50 also means a contraction in manufacturing activity. Copper may

move in the range of 330-355 levels. Peru, the world's third-largest copper

producer, will withstand slumping copper prices thanks to rising output from

new projects and low operating costs that keep mining profitable. Peru

expects to nearly double its copper output in the coming years to 2.5 million

tonnes in 2018, boosted by a handful of new projects. Nickel may move in the

range of 610-680 levels in MCX. Aluminum may move in the range of 102-107

levels in MCX. Sinking aluminum prices and a ballooning surplus of the metal

have deepened the industry's worst crisis in years, intensifying pressure on

high-cost smelters to embark on another round of production cuts to revive

prices from their malaise. While zinc can move in the range of 106-114 levels

and lead can move in the range of 109-118 levels. Substantial amounts of

base metal zinc could be released onto world markets, weighing further on

fast falling prices, as major producer Glencore implements a plan to

liquidate some of its commodity inventories to help pay off debt.

®

BASE METALS

Crude oil may remain on a volatile path as EIA inventory data, rig count and movement of greenback to give further direction to the prices. Crude oil can move in the range of 2900-3200 levels in MCX. Recently bullish impact from lower crude inventories was offset by large gasoline builds that raised concerns about high autumn fuel supplies. The outlook for the global economy became bleaker as signs of a deeper manufacturing downturn in China emerged, coupled with slow growth in Europe and the United States. Also weighing on crude were Colonial Pipeline's efforts to fix an outage on one of its lines that had been supporting prices of gasoline, and the larger oil complex. The collapse of oil prices has turned the attention of producers towards survival. As they conserve cash, US crude oil production volumes are finally heading lower. US government has revealed domestic output peaked in April and forecasts that US production will be down by 400,000 barrels per day next year. Natural gas prices to remain on a volatile path as weather conditions and EIA inventory position in US to give further direction to the prices. Overall, it can move in the range of 160-185 levels in MCX. Demand for natural gas is expected to be moderate in the near term as the warmer weather moves across the eastern part of the U.S. Meanwhile, weather in the west will be warmer before cooling off as the week progresses. Summer heat has waned and cooler temperatures beckon with the approach of autumn. Natural gas accounts for about a quarter of U.S. electricity generation.

ENERGY COMPLEX

Soybean futures (Oct) is maintaining its uptrend since past six weeks & the same is likely to be seen in the days to come as the counter may test 3320 levels. The reports of crop damage & lower yield due to lack of rainfall in the major growing regions may continue to lend a hand of upside momentum to the counter. In its latest assessment, SOPA has estimated that crop condition in 12% of the total coverage area is 'very poor', while another 17% is 'stressed'. About 60% of growing area are normal, 12% 'good', but only 6% has been labeled 'very good'. On CBOT, the situation is contrary as U.S. soybeans futures are holding near 6-1/2-year low of $8.61 a bushel, with recent favorable weather in the United States boosting crop conditions and aiding harvest. The U.S. soybean harvest is 7% complete, ahead of the year-ago pace, as stated by the U.S. Department of Agriculture. CPO futures (Oct) will possibly continue to gain towards 415 levels, taking positive cues from its counterpart on the international market. Malaysian palm oil futures have now gained 10% so far this month on the back of good exports, a weak Ringgit and the consensus among weather forecasters for a strong El Nino this year, with some climate experts warning that it could turn into one of the strongest on record. Mustard futures (Oct) is expected to consolidate in the range of 4170-4290 levels with upside getting capped. It was highlighted in the national conference on agriculture for Rabi campaign that additional seed minikits of mustard are being considered by the Govt. for supply during Rabi 2015-16 for encouraging the farmers to increase area expansion under rapeseed & mustard.

OIL AND OILSEEDS

OTHER COMMODITIES

Sugar futures (Dec) may consolidate sideways in the range of 2435-2525 levels. Looking at the current scenario, any downside is unlikely to appear in the days to come. On the supply side, the concerns are rising as many of India's sugar standing crop is suffering severe damage due to deficit monsoon. The drought could cut supply in the marketing year starting in October and there is a risk production will drop below consumption for the first time in seven years in the following 2016/17 season. On the demand side, the sentiments have turned positive as the food ministry has notified mandatory export of 4 million tonnes of sugar for the 2015-16 sugar season starting October 1. Guar seed (Oct) is expected to trade in the range of 3500-3850 levels, while the guar gum may face resistance near 8450 levels. The market participants are keeping a close watch on the monsoon & its impact on the crop. Recent rainfall has proved boon to the standing crop in Jaisalmer, Barmer and Jodhpur region as farmers had grown guar crop in early August which needed immediate rainfall. However, rainfall proved bad in irrigated areas like Ganganagar, Hanumangarh, and parts of Haryana as the crop is on its harvesting stage. Farmers are expecting 30-40% lesser yield this year compared to last year due to lack of rainfall in the last one month and now the heavy rainfall at the time of harvesting will deteriorate the quality of guar seed. Chana futures (Oct) may remain in bearish zone as it will possibly face resistance near 4630 levels. The recent measures such as extension of stock limit, imported pulses reaching Indian ports & special margin on long side on the national bourse may keep the upside capped.

11

TECHNICAL RECOMMENDATIONS

COMMODITY

CRUDE OIL (OCTOBER) contract closed at ̀ 2983 on 23rd Sep '15. The contract made its high of 4257 on

06th May'15 and a low of ̀ 2647 on 24th Aug'15.The 18-day Exponential Moving Average of the commodity

is currently at ̀ 3035.7.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 46.One can buy in the

range ̀ 2980-2950 with the stop loss of ̀ 2850 for a target of ̀ 3300.

`

CORIANDER NCDEX (OCTOBER) contract closed at 11128 on 23rd Sep '15. The contract made its high of

`14190 on 4th June “15 and a low of ̀ 10300 on 12th Aug “15. The 18-day Exponential Moving Average of

the commodity is currently at ̀ 11104.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 53. One can buy in the


`

JEERA NCDEX (OCTOBER) contract closed at 15935 on 23rd Sep '15. The contract made its high of

`19500 on 4th June'15 and a low of ̀ 14940 on 6th Aug'15. The 18-day Exponential Moving Average of the

commodity is currently at ̀ 16100.

On the daily chart, the commodity has Relative Strength Index (14-day) value of 48. One can buy in the


`

®

CRUDE OIL (OCTOBER)

CORIANDER NCDEX (OCTOBER)

JEERA NCDEX (OCTOBER)

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 Daily report- commodities (Morning Mantra).

2) 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-term view and not a short-term view.

EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING

PRICE CHANGED CHANGED STOP/LOSS

NCDEX SOYABEAN OCT 3244.00 11.06.15 Down 3719.00 - 3300.00 3350.00

NCDEX JEERA OCT 15935.00 20.08.15 SIDEWAYS

NCDEX CHANA OCT 4508.00 06.08.15 Down 4308.00 - 4700.00 4800.00

NCDEX RM SEEDS OCT 4226.00 16.04.15 UP 3659.00 4000.00 - 3950.00

MCX MENTHA OIL OCT 924.20 23.07.15 Down 938.80 - 980.00 1000.00

MCX CARDAMOM OCT 833.70 23.07.15 Down 778.10 - 880.00 900.00

MCX SILVER DEC 35450.00 16.07.15 Down 34504.00 - 36500.00 37000.00

MCX GOLD DEC 26684.00 12.08.15 SIDEWAYS

MCX COPPER NOV 340.15 04.06.15 Down 381.35 - 370.00 375.00

MCX LEAD OCT 112.50 21.05.15 Down 125.20 - 116.00 118.00

MCX ZINC OCT 109.40 04.06.15 Down 137.15 - 116.00 119.00

MCX NICKEL OCT 651.80 21.05.15 Down 827.90 - 710.00 740.00

MCX ALUMINUM OCT 104.45 10.09.15 UP 108.50 102.00 - 98.00

MCX CRUDE OIL OCT 2983.00 17.09.15 UP 3140.00 2800.00 - 2600.00

MCX NATURAL GAS OCT 176.20 14.05.15 SIDEWAYS

TREND SHEET

Closing as on 23.09.15

COMMODITY

NEWS DIGEST

Commodities closed on a weaker note in the week gone by as dollar index strengthened again and market lacked positive triggers. The dollar took support near 95 levels. Dollar hovered near its highest level in nearly two weeks as comments from several Federal Reserve officials revived expectations that the U.S. central bank could still raise interest rates this year. Crude oil moved up on technical support, whereas natural gas traded with negative bias. Oil prices rebounded as a technical correction from heavy losses of last to last week as the basic global oversupply picture remained intact. WTI took support near $45 in NYMEX and 2950 levels in MCX. Base metals behaved in a different way. Copper and aluminum were in complete grip of bears while zinc and nickel tried to overcome the weekly losses. Fresh buying added some strength in lead prices. Nevertheless, destocking in China and higher Chinese exports capped the upside. LME copper was near its lowest level in four weeks and at risk of falling further after a survey revealed worsening factory activity in China, and a growing risk that the world's second-largest economy is headed for a hard landing. Weak demand in China is hurting metals, prompting some producers to cut output or reduce spending on future projects. Glencore PLC plans to suspend copper operations in Zambia and at Katanga Mining Ltd. in the Democratic Republic of Congo for 18 months. However, positive news on Chinese import capped the downside. A rise in China's copper imports, up 12% year-on-year at 262,691 tonnes in August, suggested industrial activity could pick up in the fourth quarter. Nickel rose marginally after data showed China's August refined nickel imports jumped 114.9% to 20,615 tonnes. Gold has retreated from the previous session's near three-week high as strength in stocks and the US dollar dampen a rally fuelled by the Federal Reserve's decision last week to keep US interest rates on hold. Silver followed the weak trend of gold.

In Agri commodities, oilseeds and edible oil traded firm on significant upside in the international market, especially in CPO. In spics, turmeric saw a sharp fall from past three weeks. Chili prices jumped on export demand. Exporters are actively buying from Bangladesh, Sri Lanka and Malaysia. Jeera prices augmented as buyers are active at lower price levels in the major Jeera domestic market amid lower production.

WEEKLY COMMENTARY

WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)

COMMODITY UNIT 23.09.15 DIFFERENCEQTY. QTY.

BARLEY MT 12837 9699 -3138CASTOR SEED MT 133829 137684 3855CHANA MT 77158 62694 -14464CHILLI TEJA MT 298 263 -35CORIANDER MT 40669 38456 -2213COTTON SEED OILCAKE MT 33478 31767 -1711GUARGUM MT 12252 12747 495GUARSEED MT 1574 1574 0JEERA MT 8519 6484 -2035MAIZE MT 10262 5580 -4682RAPE MUSTARD SEED MT 63589 63310 -279SOYABEAN MT 0 0 0SUGAR MT 8983 8983 0TURMERIC MT 12635 12245 -390WHEAT MT 39303 31975 -7328

17.09.15 COMMODITY UNIT 23.09.15 DIFFERENCE

QTY. QTY.

CARDAMOM MT 23.30 27.80 4.50

COTTON BALES 0.00 0.00 0.00

GOLD KGS 24.00 44.00 20.00

GOLD MINI KGS 95.90 213.90 118.00

GOLD GUINEA KGS 23.66 23.66 0.00

MENTHA OIL KGS 6357437.08 6439536.43 82099.35

SILVER (30 KG Bar) KGS 9920.07 12061.64 2141.56

17.09.15

•India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas.

•China's total steel product exports are likely to exceed 100 million tonnes this year.

•LME is launching an electronic system to better track material stored outside its exchange warehouses in response to a financing fraud in China that roiled banks and trading.

•The tsunami that hit the Chilean port of Coquimbo after recent earthquake did not damage the copper concentrate in JX Nippon Mining & Metals' Caserones warehouse.

•China plans to create a new crude oil and liquefied natural gas pipeline transportation company by stripping these operations out from its three largest oil firms.

•The Union Cabinet given its approval for extension of validity of Central Order No.SO.2559 (E) dated 30.9.2014 for a further period of one year that is from 1st October, 2015 to 30th September 2016 in respect of pulses, edible oils and edible oilseeds.

•The Centre upped its Rabi food grain production target for 2015-16 to 133 million tonnes (MT), almost 6.62 MT more than the actual production of 2014-15.

•The food ministry has notified mandatory export of 4 million tonnes of sugar for the 2015-16 sugar season starting October 1.

•The global sugar deficit could grow to as much as 6.2 million tonnes in 2016/2017, from 2.5 million tonnes forecast in 2015/2016. - The International Sugar Organization.

WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)

12

®

NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)

5.42 5.36

2.011.70

1.09

-6.57

-5.68

-2.73- 2.28

-1.95

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

CHILLITEJA

CRUDEPALM OIL CORIANDER

CASTORSEED 2MT

GUARSEED 2MT COPPER TURMERIC

SILVERHEDGE5KGS

NEW STEELLONG BAJRA

3.26

2.60

0.910.72

-2.97

- 2.39

-1.77 -1.75

-1.06

-4.00

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

CPO CARDAMOM LEADMINI NICKEL COPPER ALUMINI ZINC SILVERMIC CRUDEOILM

Sovereign bond: The new gold standard

The government of India has launched the sovereign gold bond scheme on

September 10, 2015 which is aimed at deterring people from buying physical

gold for investment purpose. Sovereign gold bonds are certificates issued by the

government saying that investors bought a certain amount of gold. The gold

bonds will be issued on payment of rupees and denominated in grams of gold.

The value of the bond will be linked to the price of gold and in other words it

provides an alternative to purchasing gold. Upside gains and downside risks will

be with the investor and the investors will need to be aware of the volatility in

gold prices. Bonds will be issued on behalf of the Government of India by the RBI.

Thus, the Bonds will have a sovereign guarantee.

In the first installment the government has proposed that it would issue bonds to

the tune of around 13,500 crore. This is almost equal to 50 tonnes of gold.

Interest Rate

The bonds would also pay an interest rate. The rate of interest will take into

account the domestic and international market conditions and may vary from

one tranche to another. This rate of interest will be calculated on the value of

the gold at the time of investment. The rate could be a floating or a fixed rate,

as decided.

Liquidity

Since many investors invest in gold for need in case of an emergency, liquidity of

the gold bond scheme remains an important factor. The bonds will be available

both in demat and paper form.

Once the bond matures, the investor will get the value of the gold as per the

market price. The redemption will be in rupee amount only. These bonds could

be invested for a period of 5 to 7 years so that it would protect investors from

medium term volatility in gold prices. The government has said that the bonds

will be traded on exchanges to allow early exits for investors who may so desire.

The government has proposes that the bonds will be issued in the denominations

5,10,50,100 grams. Other denominations are expected to be available too. The

bond would be restricted for sale to resident Indian entities. The cap on bonds

that may be bought by an entity would be at a suitable level, not more than 500

grams per person per year.

Banks/NBFCs/Post Offices/ National Saving Certificate (NSC) agents and others,

as specified, may collect money / redeem bonds on behalf of the government.

But this gold bond scheme does not offer a systematic investment option to

buyers so that they can accumulate gold over a longer period on a regular basis.

Taxation and benefits

The tax on the gold bonds would be similar to that of physical gold. It can be used

as a collateral for loans. The Loan to Value ratio is to be set equal to ordinary

gold loan mandated by the RBI from time to time. This is available only for

resident Indians. A person investing in the bond would not have to worry about

the quality of the gold like in the case when he or she purchases it from the

jeweler. In the case of this bond the counterparty is the government of India.

COMMODITY

COMMODITY EXCHANGE CONTRACT 23.09.15 CHANGE%

ALUMINIUM LME 3 MONTHS 1624.00 1577.00 -2.89

COPPER LME 3 MONTHS 5254.00 5057.00 -3.75

LEAD LME 3 MONTHS 1692.50 1698.00 0.32

NICKEL LME 3 MONTHS 9675.00 9750.00 0.78

ZINC LME 3 MONTHS 1688.00 1651.00 -2.19

GOLD COMEX DEC 1137.80 1131.50 -0.55

SILVER COMEX DEC 15.16 14.79 -2.47

LIGHT CRUDE OIL NYMEX NOV 47.47 47.75 0.59

NATURAL GAS NYMEX OCT 2.61 2.57 -1.38

18.09.15

PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)

WEEKLY STOCK POSITIONS IN LME (IN TONNES)

COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE

17.09.15 23.09.15

ALUMINIUM 3253325 3216000 -37325

COPPER 334850 330100 -4750

NICKEL 449172 452694 3522

LEAD 166150 165125 -1025

ZINC 613700 602475 -11225

INTERNATIONAL COMMODITY PRICES

COMMODITY EXCHANGE CONTRACT UNIT 18.09.15 23.09.15 CHANGE(%)

Soya CBOT NOV Cent per Bushel 867.25 863.25 -0.46

Maize CBOT DEC Cent per Bushel 377.25 383.25 1.59

CPO BMD DEC MYR per MT 2103.00 2240.00 6.51

Sugar LIFFE DEC 10 cents per MT 343.40 341.50 -0.55

13

®

SPOT PRICES (% change)

-2.75

-1.76

-1.62

-1.00

-0.56

-0.53

-0.41

0.16

0.26

0.30

0.42

0.64

0.87

1.35

1.47

1.80

2.04

2.42

2.94

7.81

-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00

COTTON SEED OIL CAKE (AKOLA)

TURMERIC (NIZAMABAD)

SILVER 5 KG (DELHI)

COTTON (KADI)

CHANA (DELHI )

GUAR GUM (JODHPUR)

GUAR SEED (JODHPUR)

CORIANDER (KOTA)

JEERA (UNJHA)

MUSTARD (JAIPUR)

PEPPER MALABAR GAR (KOCHI)

BARLEY (JAIPUR)

SOYABEAN (INDORE)

REFINED SOYA OIL (INDORE)

WHEAT (DELHI)

SUGAR (KOLKATA)

GUR (MUZAFFARNGR.)

CRUDE PALM OIL (KANDLA)

RAW JUTE (KOLKATA)

CHILLI (GUNTUR)

CURRENCY

Currency Table

Currency Pair Open High Low Close

USD/INR 65.95 66.15 65.62 66.03

EUR/INR 74.80 74.80 73.25 73.72

GBP/INR 102.48 102.48 100.96 101.07

JPY/INR 55.11 55.31 53.56 54.96

(Source: Reliable Software, Open: Monday 9.00 AM IST, Close: Wednesday (5.00 PM IST)

News Flows of last week

21st Sept India's growth expected to top last year's, hit from China minimal:

Finance Minister

21st Sept U.S. existing home sales fell more than expected

22nd Sept German wages rose at fastest pace on record in Q2

23rd Sept U.S. Fed funds rate remained at 0.14 percent

23rd Sept U.S. factory activity stuck at near two-year low in September:

Markit

23rd Sept RBI seen cutting repo rate 25 bps on Sept 29 - Reuters poll

23rd Sept Euro zone business growth slows in September as Asian demand

weakens

EUR/INR (OCT) contract closed at 74.07 on 23rd September'15. The contract

made its high of `75.01 on 21st September'15 and a low of `73.64 on 22nd

September'15 (Weekly Basis). The 14-day Exponential Moving Average of the

EUR/INR is currently at ̀ 74.72.

On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 49.76.

One can buy above 74.60 for a target of 75.70 with the stop loss of 74.00.

JPY/NR (OCT) contract closed at 55.28 on 23rd September'15. The contract made

its high of 55.87 on 21st September'15 and a low of `54.72 on 22nd September'15

(Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently

at ̀ 55.37.

On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 52.14.

One can buy above 55.75 for a target of 56.80 with the stop loss of 55.20.

Market Stance

Indian rupee, once again, remained weak against the greenback in the week

gone by, on the back of persistent dollar demand from banks and importers.

Weak equity markets along with firm dollar in the overseas market majorly hit

the sentiments for local unit. At home, all eyes would now be on RBI's money

policy review scheduled for next week. Moreover, last week, the Chinese flash

manufacturing PMI reading for September came in at 47, lower than the

estimate of 47.3, which once again hurt the sentiments for Rupee. The

concerns over Chinese economy weighed on global markets resultant a strong

dollar overseas. Nonetheless, chances are bright that the US Fed may start

hiking interest rates in December. In a poll by Reuters, economists assigned 60

per cent probability of a rate hike happening in the December policy review.

As many as 72 of 93 forecasters polled between Friday and Tuesday picked

December as the most likely month, Reuters said in a report.

EUR/INR

USD/INR (OCT) contract closed at `66.38 on 23rd September'15. The contract

made its high of `66.50 on 23rd September'15 and a low of `65.99 on 22nd


USD/INR is currently at ̀ 66.63.

On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 47.45.

One can sell around 66.70 for the target of 65.70 with the stop loss of 67.20.

GBP/INR (OCT) contract closed at Rs 101.56 on 23rd September'15. The contract

made its high of 102.92 on 21st September'15 and a low of `101.44 on 23rd


GBP/INR is currently at ̀ 102.64.

On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 44.73.

One can sell below 101.40 for a target of 100.35 with the stop loss of 102.00.

USD/INRTechnical Recommendation

GBP/INR JPY/INR

Economic gauge for the next week

Date Currency Event Previous

30th Sept USD Consumer Price Index (YoY) 0.1

30th Sept EUR Consumer Price Index - Core (YoY) 0.9

01st Oct EUR ECB Monetary Policy Meeting Accounts

01st Oct USD ISM Manufacturing PMI 51.1

01st Oct USD ISM Prices Paid 39

02nd Oct USD Producer Price Index (YoY) -2.1

02nd Oct USD Producer Price Index (MoM) -0.1

02nd Oct USD Average Hourly Earnings (MoM) 0.3

02nd Oct USD Nonfarm Payrolls 173

02nd Oct USD Unemployment Rate 5.1

14

®

IPO

IPO NEWSIPO NEWS

Sebi seeks clarification on Matrimony.com IPO

Markets regulator Sebi has sought clarification on the proposed ̀ 600-700 crore initial public offer (IPO) of Matrimony.com, which runs online match making business under BharatMatrimony brand. Without disclosing details of clarifications sought, Sebi has said "clarifications (are) awaited from lead manager" for the proposed public issue. As per the latest weekly update of processing status of draft offer documents filed with the Securities and Exchange Board of India (Sebi), regulator has said clarifications were awaited on the proposed IPO of Matrimony.Com as on September 18. The next update would be available on September 28. Sebi said that it might issue observations on Matrimony.com's IPO document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought. The regulator had received the draft offer documents on August 18, this year through its lead manager Kotak Mahindra Capital Company Ltd.

SPARC files draft papers with Sebi for ̀ 250-cr rights issue

Drug discovery firm Sun Pharma Advanced Research Company (SPARC) has filed draft papers with markets regulator Sebi to raise up to `250 crore through a rights issue. As per draft papers filed with Securities and Exchange Board of India (Sebi), the company will issue equity shares "aggregating up to ̀ 25,000 lakhs to our existing equity shareholders on a rights basis." In a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio. The proceed of the issue will be utilised for meeting costs related to pharmaceutical research and development, clinical trials and for other general corporate purposes. SPARC was demerged from Sun Pharma as a pharma research and drug discovery company in 2007. Ernst & Young Merchant Banking Services Private Limited, Inga Capital Private Limited are the lead managers to the issue. Earlier in May, the company's board had approved the proposal to raise up to ̀ 250 crore through a rights issue.

India: Ashok Leyland financing arm plans $90m IPO

Hinduja Leyland Finance Ltd (HLF), the commercial vehicles financing subsidiary of Ashok Leyland Ltd, is planning to raise about $90 million (`600-650 crore) through an initial public offering (IPO), according to three people aware of the development. HLF is jointly owned by Ashok Leyland and other entities of the Hinduja Group. The firm has hired five banks to manage the IPO process. It is looking to raise between ̀ 600-650 crore at a valuation of almost ̀ 4,000 crore. The firm is planning to list on the stock markets by the second half of the next financial year. Private equity firm Everstone Group, which is an investor in the company, will make a partial exit through the IPO. In July 2013, Mint reported that Everstone had invested ̀ 200 crore for a 15% stake in Hinduja Leyland Finance Ltd. Everstone is an India and Southeast Asia focused private equity and real estate investment firm with assets under management of $3.3 billion.

VLCC files draft IPO papers with Sebi

VLCC Health Care Ltd, which runs beauty and wellness centres, on Wednesday submitted its draft initial share sale documents with the capital markets regulator Securities and Exchange Board of India (Sebi), to raise between ̀ 600 crore and ̀ 700 crore. LCC is looking to raise ̀ 400 crore to deploy in the business. A private equity investor and promoters of the company are selling part of their stakes through the IPO for the rest, the document stated. Everstone Group, which currently owns 15.11% in the company through its fund Indivision India Partners, plans to sell almost half its ownership in the company through the IPO. Everstone invested ̀ 60 crore in 2007 for a 15% stake. The IPO is being managed by ICICI Securities Ltd, Citigroup Global Markets India Pvt. Ltd and Axis Capital Ltd. VLCC was started by Vandana Luthra as a beauty and slimming services service in 1989. As of 31 July, the firm had a presence across 301 locations in 134 cities and across 11 countries in South Asia, Southeast Asia, the Middle East and East Africa. The firm has a portfolio of beauty and wellness services, personal care and nutritional products. Wellness centres make up the bulk of VLCC's revenue, contributing almost 69% in 2014-15, with the rest coming from sales of personal care products. The company plans to use the proceeds of the IPO to set up more VLCC Wellness Centres and VLCC Institutes across the country. It also plans to set up some overseas. Further, it will also use the funds to repay some of its existing debt, set up a manufacturing facility and invest in brand development.

Vaksons Automobiles IPO to begin subscription on Sept 28

Vaksons Automobiles, the dealer of light commercial vehicles, is set to launch its 24 lakh shares public issue for subscription on September 28. The issue price is fixed at ̀ 26 per share. The company targets to raise ̀ 6.24 crore through issue, which will close on October 1, 2015. It said out of total issue size, 1.28 lakh equity shares are reserved for subscription by market makers. Vaksons will use issue proceeds for setting up of vehicle service centre at Sonepat, Haryana; long term working capital requirements; investing in subsidiary company – Vaksons Metaplast; and general corporate expenses. Vaksons Automobiles is an authorised dealer of light commercial vehicles (LCV), multi-utility vehicles (MUV), small commercial vehicles (SCV) and spare parts for Force Motors. It currently operates three different showrooms of Force Motors, namely at Sonepat, Panipat and Gohana in Haryana. Equity shares are proposed to be listed on BSE SME platform. BCB Brokerage Private Limited and Aryaman Financial Services Limited are lead managers to the issue while Cameo Corporate Services Limited is registrar.

Vishal Bearings IPO to hit capital markets this month

Vishal Bearings will launch its initial public offerings (IPO) on September 28 and would close on September 30. The company would get listed on BSE's dedicated SME platform, as per the prospectus filed with capital market regulator Sebi. Vishal Bearings would rake in `3.24 crore. The proceed of the issues would be utilized for working capital requirements and other general corporate purposes.

IPO TRACKER

Prabhat Dairy Dairy 1096.41 520 21-Sep-15 115.00 115.00 113.20 -1.57

Sadbhav Infra. Infrastructure 3738.87 425.00 16-Sep-15 103.00 110.75 106.15 3.06

Pennar Engg.Bld. Infrastructure 581.65 156.19 10-Sep-15 178.00 150.00 169.70 -4.66

Sh.Pushkar Chem. Chemical 184.34 70.00 10-Sep-15 65.00 60.00 61.00 -6.15

Navkar Corporat. Logistics 2315.24 600.00 9-Sep-15 155.00 152.00 162.35 4.74

Power Mech Proj. Power 839.62 273.22 26-Aug-15 640.00 600.00 570.75 -10.82

Syngene Intl. Pharma 6454.00 550.00 11-Aug-15 250.00 295.00 322.70 29.08

Manpasand Bever. Beverages 2009.17 400.00 9-Jul-15 320.00 291.00 401.40 25.44

PNC Infratech Infrastructure 2361.70 488.44 26-May-15 378.00 381.00 460.30 21.77

Company Sector M.Cap(In `Cr.) Issue Size(in `Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)

*

*Closing prices as on 23-09-2015®

15

FIXED DEPOSIT MONITOR

• Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.

* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.

* Email us at [email protected]

FIXED DEPOSIT COMPANIES

PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)

S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT

1 ANSAL HOUSING & CONSTRUCTION LTD. 11.75 - 12.00 12.25 - - - - - CUM-20000/-,

NON CUM-40000/-

2 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 9.10 9.20 9.25 9.25 - 9.25 9.25 - 0.25% FOR SR. CITIZEN, 0.10% FOR LOCATION WISE

EXISTING CUSTOMERUPTO RS. 1CRORE

3 CENT BANK HOME FINANCE LTD.(UPTO RS. 1 CR.) 9.00 - 9.00 9.00 - 9.10 9.10 9.15 0.25% EXTRA FOR SR. CITIZEN 5000/-

4 DEWAN HOUSING FINANCE CORPORATION LTD 13M=9.25% 14M=9.25% 40M=9.35% 0.25% EXTRA FOR SR. CITIZEN,WIDOW, 13M=50000;

ARMED, PERSONNEL, EXISTING DHFL HOME 14M=10000;

BORROWERS, 0.25% EXTRA FOR DEPOSIT 40M=2000

50 LAC AND ABOVE

5 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 9.00 - 9.25 9.25 - 9.25 - 9.25 10,000/-

6 GRUH FINANCE LTD. 8.25 13M=8.50 8.50 8.50 - 8.50 8.50 8.50 96-120M=8.50%; 0.25% FOR SR. CITIZEN & TRUST 1000/-

7 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 30M=8.45 22M=8.50 44M=8.50 - 0.25% FOR SR. CITIZEN 20000/-, 40000/-

IN MONTHLY

8 HDFC LTD FOR INDIVIDUAL (UPTO RS.2 CR.) 8.35 - 8.35 8.35 - 8.35 8.35 - 0.25% FOR SR. CITIZEN.

9 HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTE(UPTO RS. 2 CR.) 30M=8.35 22M=8.40 44M=8.40 - 0.25% FOR SR. CITIZEN 20000/-, 40000/-

IN MONTHLY

10 HDFC LTD FOR TRUST & INSTITUTE (UPTO RS.2 CR.) 8.25 - 8.25 8.25 - 8.25 8.25 - 0.25% FOR SR. CITIZEN.

11 HUDCO LTD.(IND & HUF) UPTO RS. 10 LAKHS 9.00 - 8.85 8.85 - 8.75 8.75 8.50 0.25% FOR SR. CITIZEN 10000/-

12 HUDCO LTD.(IND & HUF) FOR ABOVE RS.10 LAKHS 8.85 - 8.75 8.75 - 8.65 8.65 8.50 0.25% FOR SR. CITIZEN 10000/-

13 HUDCO LTD.(TRUST/CO/INSTITUTION) 8.60 - 8.50 8.50 - 8.50 8.50 8.50 - 10000/-

14 J K TYRE & INDUSTRIES LTD. 9.00 - 9.25 9.50 - - - - 0.50% ADD. INTEREST TO SR. CITIZEN, 25000/-

EMPLOYEES, SHAREHOLDERS AND PERSON

INVESTING RS. 5 LACS AND ABOVE - MAX. 0.50%

15 J K LAKSHMI CEMENT LTD. 9.00 - 9.25 9.50 - - - - - 25000/-

16 KERALA TRANS DEVELOP FINANCE CORP LTD (FOR < RS. 5 CRORE) 9.75 - 9.75 9.75 - 9.50 9.50 - 0.25% EXTRA FOR SR. CITIZEN & 0.25% 10000/-

EXTRA IF APP AMOUNT IS RS. 25 LAC & ABOVE

17 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 8.60 8.60 8.70 8.75 - - 9.00 - 0.25% FOR SR. CITIZEN IF APP ABOVE 10000/-

RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/-

18 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 9.00 9.25 9.25 9.25 - 9.25 9.25 - 0.25% FOR SR. CITIZEN 10000/-

19 OMAXE LTD. 11.50 - 12.00 12.50 - - - - EXISTING CLIENT-0.15% EXTRA FOR 1 YR 50000/-

& 0.25% EXTRA FOR 2 YR

20 PRISM CEMENT LTD. 9.75 - 9.75 - - - - - - 10000/-

21 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 8.25 - 8.25 8.25 - 8.25 8.25 8.25 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE 20000/-

22 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 30M=8.35 22M=8.40 44M=8.40 - 0.25% FOR SR. CITIZEN

23 SRS LTD. 11.75 - 12.00 12.25 - - - - - 30000/-

24 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.00 - 9.00 9.25 - 9.25 9.25 - 0.25% FOR SR. CITIZEN 5000/-

25 SHRIRAM CITY UNION SCHEME 9.00 - 9.00 9.25 - 9.25 9.25 - 0.25% FOR SR. CITIZEN 5000/-

(FOR TRUST ONLY)

®

16

INSURANCE

®

A unique first of a kind Dengue Care plan offers coverage for any

medical expenses incurred on inpatient or outpatient treatment for

dengue. You are not required to undergo any medicals at the time of

taking the cover.

�In-Patient Hospitalisation - Treatment arising from Dengue fever

where Insured Person has to stay in a Hospital for more than 24 hours.

�Pre-Hospitalisation - The medical expenses incurred due to illness

during 15 days immediately before hospitalization.

�Post-Hospitalisation - The medical expenses you incur in the 15 days

immediately after you are discharged from hospital.

�Shared Accommodation Benefit - If the Insured Person is

Hospitalized in Shared Accommodation in a Network Hospital,

exclusion for non payable items under Section III C v) of Policy

wordings will be waived off.

The following benefits are available to all Insured Persons during the

Policy Period if NS1 (nonstructural protein 1) is positive in result. Any

claims made under these benefits will be subject to Out-patient Sum

Insured.

�Outpatient Consultations - Outpatient consultation by a general

Medical Practitioner for treatment of Dengue fever.

�Diagnostic Tests - Outpatient diagnostic tests for Dengue fever taken

by the Insured Person from a diagnostic centre

�Pharmacy - Medicines purchased by the Insured Person from a

pharmacy, provided that such medicines have been prescribed for

treatment of Dengue Fever.

�Home Nursing - We will also reimburse the Medical Expenses for

necessary medical treatment taken by the Insured Person by our

empanelled medical practitioner at home for treatment of Dengue

fever.

Benefits at a glance:

Inpatient Benefits

Outpatient benefits

APOLLO HEALTH DENGUE CARE PLAN

Disclaimer: Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions please read sales brochure before conducting a sale.

17

Eligibility

�This policy covers persons in the age group 91 days to 65 years. The

maximum entry age is restricted upto 65 years. The Minimum entry

age for Adult is 18 years and maximum is 65 years. The minimum entry

age for child is 91 days and the maximum is 25 years

�No maximum cover ceasing age

�An individual and/or his family members namely spouse, dependent

children and parents are eligible for buying this cover.

�This cover will be offered on individual Sum Insured basis only.

�This is an annual policy.

�The premium for the policy will remain the same for the policy period

as mentioned in the policy schedule

�A maximum of 6 people can be added

18

MUTUAL FUND Performance Charts

Returns (%) Risk Market Cap (%)

Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &

(`) Date (` Cr.) Launch CAP CAP CAP OTHER

Motilal Oswal MOSt Foc. Mid. 30 Fund - Reg - G 20.07 24-Feb-2014 495.29 -1.33 2.35 31.44 N.A 55.51 2.48 0.77 0.65 19.07 76.71 N.A 4.22

Moti. Oswal MOSt Foc. Mul. 35 Fund - Reg - G 17.28 28-Apr-2014 1570.24 -1.73 1.56 28.77 N.A 47.60 2.32 0.84 0.62 87.20 12.99 N.A -0.19

DSP BlackRock Micro Cap Fund - Reg - G 40.90 14-Jun-2007 1972.31 2.35 6.54 28.19 35.48 18.54 2.60 0.81 0.80 N.A 79.42 14.58 6.01

SBI Small & Midcap Fund - Growth 30.88 09-Sep-2009 354.08 2.24 8.84 27.50 37.52 20.52 2.46 0.76 0.67 6.74 45.50 29.74 18.01

JPMorgan India Mid and Small Cap Fund - G 19.15 26-Dec-2007 451.22 -1.03 -0.37 23.83 33.03 8.75 2.65 0.99 0.60 30.02 61.87 3.43 4.67

SBI Magnum Midcap Fund - Growth 58.48 29-Mar-2005 972.47 -1.70 3.53 23.01 36.15 18.33 2.19 0.74 0.66 13.21 66.48 5.54 14.77

Tata Mid Cap Growth Fund - Reg - G 102.17 01-Jul-1994 459.49 0.56 0.12 22.25 30.52 11.56 2.48 0.91 0.59 22.41 62.39 6.62 8.58

EQUITY (Diversified)

INCOME FUND

Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 23/09/2015Beta, 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, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively

Returns (%) RiskAverage Yield till

Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Days) Maturity

1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.

Pramerica Dynamic Bond Fund - Growth 1359.22 12-Jan-2012 271.17 20.56 16.94 11.39 6.58 13.58 8.56 8.65 23.55 0.12 6183.11 7.99

ICICI Prudential LTP - Prem - Growth 17.08 13-Jan-2010 633.96 24.01 18.14 13.10 5.11 13.54 12.08 9.85 25.69 0.25 6810.89 8.02

IDFC D B F - Reg - Growth (Re-Launched) 17.33 03-Dec-2008 5945.57 24.58 17.66 14.07 4.79 13.33 9.62 8.41 30.88 0.10 5840.00 7.97

IDFC SSIF - Invt Plan - Reg - Growth 34.88 14-Jul-2000 2084.00 24.36 17.50 13.91 4.64 13.07 9.44 8.57 31.03 0.10 5843.64 7.97

ICICI Prud. Dynamic Bond Fund - Prem Plus - G 16.43 14-Jan-2010 987.48 21.64 14.25 12.95 8.08 12.88 10.02 9.11 26.97 0.16 3055.05 7.73

Sundaram Fle. Fund - Fle. Income - Reg - G 20.02 30-Dec-2004 359.41 4.59 5.65 3.84 6.71 12.34 7.63 6.67 23.16 0.18 2653.55 8.39

Franklin India Dynamic Accrual Fund - G 49.07 05-Mar-1997 1098.63 20.80 11.96 6.66 9.57 12.29 8.99 8.95 14.71 0.25 1203.31 11.54

Annualised

Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity


Birla Sun Life Medium Term Plan - Reg - G 17.76 25-Mar-2009 4045.47 14.63 8.17 6.38 9.16 10.88 10.60 9.24 8.20 0.43 N.A 10.03

HDFC Short Term Plan - Growth 28.16 28-Feb-2002 2528.27 10.78 5.99 5.05 8.83 10.21 9.19 7.93 6.68 0.43 816.08 9.97

Taurus Short Term Income Fund - Reg - G 2554.45 23-Aug-2001 271.83 8.15 8.11 8.22 8.80 9.23 9.75 6.88 0.63 3.53 18.25 N.A

DSP BlackRock Income Oppo.Fund - Reg - G 23.28 13-May-2003 1942.38 9.76 5.62 4.36 8.68 10.27 9.30 7.07 7.89 0.37 1215.45 10.23

Reliance Medium Term Fund - Growth 30.06 14-Sep-2000 2940.94 9.59 6.03 5.78 8.67 9.00 8.83 7.60 3.45 0.54 411.00 8.49

IDFC Banking Debt Fund - Reg - Growth 12.45 07-Mar-2013 1273.77 8.35 6.88 6.95 8.57 8.87 N.A 8.99 3.23 0.61 186.00 7.65

Birla Sun Life Short Term Fund - DAP 16.69 06-Mar-2009 6969.15 11.15 7.79 6.62 8.41 9.92 9.44 8.13 6.86 0.39 N.A 8.09

Annualised

Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity


Franklin India Low Duration Fund - G 16.05 26-Jul-2010 3387.74 11.72 7.74 7.08 9.29 9.87 9.74 9.59 2.70 0.97 441.37 10.19

IDFC Money Manager - Tre. Plan - Plan B - G 23.05 18-Feb-2003 1526.33 8.54 6.21 6.18 8.94 8.66 8.72 6.85 2.78 0.58 284.00 8.12

Principal Debt Oppo. Fund - Cor. Bond Plan - G 2241.72 14-Sep-2004 199.90 8.94 8.59 8.52 8.64 9.78 8.58 7.59 4.61 0.47 53.00 8.71

DWS Low Duration Fund - Growth 15.19 06-Nov-2006 38.19 10.56 6.37 6.06 8.57 9.17 8.79 4.81 3.75 0.53 368.65 10.10

Taurus Ultra Short Term Bond Fund - Reg - G 1753.97 01-Dec-2008 149.81 8.82 8.63 8.43 8.54 9.40 9.66 8.60 1.22 1.84 18.25 N.A

JM Floater Long Term Fund - Growth 22.10 25-Jun-2003 72.72 7.82 7.96 8.22 8.48 8.99 8.52 6.69 1.02 1.60 52.01 9.53

Kotak Low Duration Fund - Ret - G 1789.66 06-Mar-2008 322.29 9.04 6.66 6.60 8.45 9.93 8.52 8.01 7.07 0.25 229.95 8.87

Annualised

®

BALANCED

Returns (%) Risk Market Cap (%)

Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &

(`) Date (` Cr.) Launch CAP CAP CAP OTHER

Franklin India Balanced Fund - Growth 89.67 10-Dec-1999 458.14 -0.86 -0.53 15.16 20.11 14.90 1.51 0.27 57.45 8.72 N.A 33.83

L&T India Prudence Fund - Growth 19.32 07-Feb-2011 420.47 0.54 0.36 14.98 22.13 15.29 1.53 0.33 39.40 21.91 4.90 33.80

Tata Balanced Fund - Reg - Growth 167.04 08-Oct-1995 3267.77 -0.94 -2.37 14.87 21.45 16.94 1.71 0.30 45.87 24.44 0.87 28.83

SBI Magnum Balanced Fund - Growth 93.81 09-Oct-1995 1836.76 -0.83 -0.48 12.65 22.31 16.60 1.53 0.30 32.07 26.48 5.59 35.87

DSP BlackRock Balanced Fund - Growth 106.22 27-May-1999 661.95 -1.56 -0.49 12.06 16.39 15.56 1.79 0.25 43.04 24.04 2.80 30.12

Birla Sun Life 95 - Growth 549.95 10-Feb-1995 1456.18 -1.23 -1.81 11.27 19.18 21.44 1.71 0.26 45.71 22.88 N.A 31.41

HDFC Balanced Fund - Growth 106.28 11-Sep-2000 3854.30 -1.63 -1.16 10.12 20.10 17.02 1.62 0.33 41.62 24.43 1.56 32.40

SMC organising an Investor Awareness Seminar in association with Goldman Sachs on 12th September at Bhubaneswar

SMC organising an Investor Awareness Seminar in association with NCDEX on 12th September at Chennai

SMC organising an Investor Awareness Seminar in association with BSE on 19th September at Ghaziabad

SMC organising an Investor Awareness Seminar in association with BSE on 22nd September at Kanpur

®

fd monitor 16 - smc trade online · contents equity 4-7 derivatives 8-9 commodity 10-13 currency 14...

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