smc global weekly news letter (wisemoney)
DESCRIPTION
It is a weekly newsletter, which is an epigrammatic on investment opportunities escorted by sound technical and fundamental analysis of existing and forthcoming stocks that keep investors updated about the market developments. It includes all the segments say Equity, Commodity, Mutual Fund, Currency and Fixed Deposits. It is a complete handy guide, which helps all the investors to multiply their wealth.TRANSCRIPT
WISE M NEY
Bra
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67
2014: Issue 444, Week: 13th - 16th OctoberA Weekly Update from SMC
(For private circulation only)
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
Fixed Deposit 16
Mutual Fund 17-18
EDITORIAL STAFF
Editor Saurabh Jain
Executive Editor Jagannadham Thunuguntla
+Editorial Team
Dr. R.P. Singh Nitin Murarka
Vandana Bharti Sandeep Joon
Dinesh Joshi Vineet Sood
Shitij Gandhi Dhirender Singh Bisht
Subhranil Dey Parminder Chauhan
Ajay Lakra Mudit Goyal
Content Editor Kamla Devi
Graphic Designer Pramod Chhimwal
Research Executive Sonia Bamba
REGISTERED 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:
312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.
Tel: 97143963120, Mobile : 971502612483
Fax : 9714 3963122
Email ID : [email protected]
Printed and Published on behalf of
Mr. Saurabh Jain @ Publication Address
11/6B, Shanti Chamber, Pusa Road, New Delhi-110005
Website: www.smcindiaonline.com
Investor Grievance : [email protected]
Printed at: S&S MARKETING
102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India)
Ph.: +91-11- 43035012, 43035014, Email: [email protected]
tock markets globally came off during the week on concerns pertaining to global
economic growth. International Monetary Fund (IMF) lowered global growth Sforecast to 3.8% for next year from its earlier forecast of 4% in July. IMF report
shows weakness in global economy and hence lower demand. IMF also indicated about
risks pertaining to geopolitical tensions and financial markets correction.
Commodities prices including crude, copper, etc are making fresh multi-month lows
as a result of both lower demand and higher supplies. Statements from major central
banker including European Central Bank saying the region is losing momentum and
U.S. Federal Reserve stating risks to growth due to lower global expansion weighed
heavily on the sentiments. Euro area core economy Germany saw industrial
production contraction of 4% in the month of August, the steep decline since 2009. In
the monetary policy review meeting, Bank of Japan maintained its policy of bond
purchases at an annual pace of 60 to 70 trillion yen. A section of investors believe that
the two year target of inflation at 2%, that was set in April 2013 would not be achieved
and would warrant more monetary easing.
Back at home, Indian equities continued to correct after a long weekend led by metal
and banking stocks. It seems investors are offloading the stocks that are more related
to economic growth before the start of earnings season. The month gone by was
marked by three high-level bilateral engagements by the Modi government -- with
Japan, China and the US and this will continue to attract investors in the capital
markets boosting their confidence. Also, the government initiative “Make in India”
taken during the month, is likely to spur growth in the manufacturing sector helping
the economy to boost growth. However, the Indian economic growth that seems to be
bottoming out would take a while before gaining an accelerated pace. Indian markets
came off sharply during the week on concerns on global growth and foreign
institutional investors were too on the sell side of the markets in the last few sessions.
Infosys results came as a positive surprise to the street with company announcing
better earnings than anticipated and announced bonus in the ratio of 1:1. While
maintaining its guidance of earnings for the fiscal, the management said that it would
take advantage of new technologies and explore into areas for growth. Fall in oil
prices to multi-month lows have further raised the expectations of lower inflation and
resultantly change in stance from RBI to expansionary policies.
On the commodities front, commodities spectrum was under pressure over the past
few weeks. CRB closed down ignoring the fall in dollar index. From energy to agri
commodities, all headed for weaker territory be it in spot market or futures.
Commodity counter may extend to face near-term challenges that are linked to the
dip in Chinese growth and strength in dollar index. Upcoming festive demand from
India and opening of Chinese markets after week long national holidays can spur
physical demand in bullion counter. Stronger greenback, global over supply concerns
and demand concerns have kept the prices under pressure. Crude oil prices may trade
in the range of 4950-5450 in MCX and $80-89 in NYMEX. Market players should keep an
eye on key data such as CPI of UK, China and Canada, German ZEW Survey, University
of Michigan Confidence and Advance Retail Sales of US etc for future direction.
From The Desk Of Editor
(Saurabh Jain)
NEWS
DOMESTIC NEWSEconomy• According to a survey by Markit Economics and HSBC Bank, India's private
sector expanded at a slightly faster rate in September. The HSBC composite output index came in at 51.8 in September, slightly more than the 51.6 reading in August.
Capital Goods• Bharat Heavy Electricals Ltd (BHEL) has bagged orders worth ̀ 7,800 crore
from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO). The order is for Engineering, Procurement and Construction (EPC) for a 1320 mega watt (MW) plant near Chennai. The company said that the order is to set up a 2X660 MW coal-fired supercritical thermal power project at Ennore SEZ.
• BEML has bagged a prestigious order of `570 crore from Delhi Metro Rail Corporation for supply of 70 Cars which are in addition to 92 Cars being manufactured for Delhi Metro. With the above order, the order book position of the Company, representing all the three business veritcals viz. Mining & Construction, Rail & Metro and Defence Business, has crossed Rs 6400 crore mark.
• KEC International has secured orders of ̀ 1,029 crores. In its Tansmission & Distribution business, the comapny has secured orders worth `746 crores in India, Zambia, US, Brazil and Mexico. The rest of the orders are in cables and renewables businesses.
Automobile• Maruti Suzuki India (MSI) launched mid-sized sedan Ciaz with an
introductory price starting at ̀ 6.99 lakh (ex-showroom Delhi). The petrol variants of the sedan are priced between ̀ 6.99 lakh and ̀ 9.34 lakh while the diesel variants are priced between `8.04 lakh and `9.8 lakh, respectively (ex-showroom Delhi).
• Mahindra & Mahindra Ltd said its two-wheeler unit has made a binding offer to acquire a 51% stake in PSA Peugeot Citroen's scooters business. The deal will involve infusion of 15 million euros ($18.93 million) into Peugeot Motorcycles to finance projects.
Engineering• Larsen & Toubro (L&T) has bagged a contract worth `1,630 crore from the
Uttar Pradesh Expressways Industrial Development Authority (UPIDA) for the construction of a six-lane access controlled expressway in the state.
Metal• Sesa Sterlite said iron ore mining in Goa may resume by January to
February, a later-than-expected start that will restrict the India's exports of the steel-making raw material to the lowest level in decades.
Pharmaceuticals• Cipla announced that Medpro Pharmaceuticals, a subsidiary of Cipla
Medpro, the third largest pharmaceutical company in South Africa has entered into a collaboration with Teva Pharmaceutical, an affiliate of Teva Pharmacuetical Industries. The collaboration is restricted to the territory of South Africa.
Realty/ Construction• Mahindra Lifespace Developers has launched its second Happinest project in
Boisar, a suburb of Mumbai. Spread over 14 acres, Happinest Biosar will offer 1RK, 1BHK and 2BHK apartment in the range of 251 sq. ft. to 695 sq. ft.
INTERNATIONAL NEWS• US wholesale inventories increased by 0.7 percent in August after edging
up by an upwardly revised 0.3 percent in July. Economists had been expecting inventories to rise by 0.3 percent compared to the 0.1 percent uptick originally reported for the previous month.
• US initial jobless claims edged down to 287,000, a decrease of 1,000 from the previous week's revised level of 288,000. The modest decrease came as a surprise to economists, who had expected jobless claims to climb to 294,000 from the 287,000 originally reported for the previous week.
• US consumer credit increased by $13.5 billion in August after climbing by a revised $21.6 billion in July. Economists had expected credit to increase by about $20.0 billion compared to the $26.0 billion jump originally reported for the previous month.
• Eurozone house prices increased in the second quarter after falling for two consecutive quarters. House prices climbed 0.9 percent sequentially in the second quarter following a 0.2 percent drop in the prior quarter. On a yearly basis, house prices remained flat after easing 0.4 percent a quarter ago.
• Consumer confidence in Japan decreased unexpectedly in September. The consumer confidence index fell to 39.9 in September from 41.2 in August. Economists had expected the index to rise to 41.8.
• Japan's core private-sector machinery orders rose 4.7% on the month to Y807.8 billion in August followed by the 3.5% gain in July. On a yearly basis, core machine orders fell 3.3 percent - but that also beat expectations for a decline of 4.9 percent following the 1.1 percent gain in the previous month.
EX-DATE SYMBOL PURPOSE
16-OCT-14 INFY INTERIM DIVIDEND RS.30/- PER SHARE17-OCT-14 SASKEN SPECIAL INTERIM DIVIDEND - RS 20/- PER SHARE20-OCT-14 MINDTREE INTERIM DIVIDEND21-OCT-14 HCLTECH INTERIM DIVIDEND21-OCT-14 FEDDERLOYD DIVIDEND RE.1/- PER SHARE22-OCT-14 MUTHOOTFIN 1ST INTERIM DIVIDEND RS.4/- PER SHARE22-OCT-14 CROMPGREAV INTERIM DIVIDEND22-OCT-14 CRISIL INTERIM DIVIDEND
MEETING DATE SYMBOL PURPOSE
13-OCT-14 SINTEX RESULTS13-OCT-14 INDUSINDBK RESULTS/OTHERS14-OCT-14 BAJFINANCE RESULTS14-OCT-14 BAJAJFINSV RESULTS14-OCT-14 BAJAJ-AUTO RESULTS15-OCT-14 NIITTECH RESULTS15-OCT-14 GSFC RESULTS16-OCT-14 TCS RESULTS/DIVIDEND16-OCT-14 RALLIS RESULTS/DIVIDEND16-OCT-14 HEROMOTOCO RESULTS16-OCT-14 DBCORP RESULTS16-OCT-14 CROMPGREAV RESULTS/DIVIDEND16-OCT-14 FEDERALBNK RESULTS17-OCT-14 AXISBANK RESULTS17-OCT-14 ZEEL RESULTS17-OCT-14 HCLTECH RESULTS/DIVIDEND18-OCT-14 ULTRACEMCO RESULTS18-OCT-14 LICHSGFIN RESULTS20-OCT-14 JUSTDIAL RESULTS/OTHERS20-OCT-14 IDEA RESULTS20-OCT-14 HINDZINC RESULTS20-OCT-14 EXIDEIND 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 26297 UP 12.09.13 19317 25800 25400
S&P NIFTY 7859 UP 12.09.13 5728 7700 7600
CNX IT 11311 UP 12.06.14 9448 11000 10800
CNX BANK 15453 UP 08.03.14 11278 15000 14800
ACC 1403 DOWN 01.10.14 1377 1450 1470
BHARTIAIRTEL 392 UP 24.07.14 355 390 380
BHEL 222 DOWN 01.10.14 - 225
CIPLA 592 UP 12.06.14 416 590 570
DLF 153 DOWN 31.07.14 198 172 180
HINDALCO 150 DOWN 27.08.14 170 165 170
ICICI BANK 1459 UP 08.03.14 1134 1450 1420
INFOSYS 3888 UP 19.06.14 3312 3700 3650
ITC 353 UP 10.07.14 342 350 345
L&T 1462 DOWN 26.09.14 1476 1550 1570
MARUTI 2966 UP 19.09.13 1480 2850 2800
NTPC 141 DOWN 17.07.14 150 147 150
ONGC 404 UP 31.10.13 294 - 400
RELIANCE 961 DOWN 10.07.14 997 1000 1020
TATASTEEL 448 DOWN 27.08.14 513 485 500
S/l
4
®
Closing Price as on 10.10.14*BHEL has breached the resistance of 220
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
SMC Trend
Nifty BSE Midcap S&P CNX 500
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
BSE SmallcapSensex Nifty Junior
5
®
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
-40.77
-1189.54
258.10
463.90
-1400.00
-1200.00
-1000.00
-800.00
-600.00
-400.00
-200.00
0.00
200.00
400.00
600.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
9.62
4.32 4.16 4.083.42
-6.58
-5.35 -5.24 -5.13-4.47
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
B H E L Tata Power Co.
ICICI Bank Tata Steel Tata Motors Dr Reddy's Labs
Sun Pharma.Inds.
Infosys Cipla Wipro
9.83
4.58 4.18 4.17 4.04
-7.31-6.68
-5.35 -5.22 -5.21
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
B H E L Tata Power Co.
Tata Steel ICICI Bank IndusInd Bank Tech Mahindra
Dr Reddy's Labs
Sun Pharma.Inds.
Cipla Infosys
0.19
0.26
0.68
0.84
0.47
0.29
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
0.70
2.73 2.80
0.130.33
2.35
3.35
2.90
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
Auto Index Bankex Cap Goods Index
-0.85
-3.99-4.17
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
-2.17 -2.06 -2.02
-1.46
0.18
2.04
1.08
-1.47
-3.28
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 1 year. Source: Company Website Reuters Capitaline
Face Value (`) 2.00
52 Week High/Low 231.00/91.65
M.Cap (`Cr.) 13130.33
EPS (`) 3.96
P/E Ratio (times) 52.89
P/B Ratio (times) 3.63
Dividend Yield (%) 0.57
Stock Exchange BSE
` in cr
Actual Estimate
FY Mar-14 FY Mar-15 FY Mar-16
Revenue 13,480.60 14,704.30 16,357.50
EBITDA 682.00 921.10 1,187.20
EBIT 419.80 698.50 929.40
Pre-tax Profit 494.70 667.70 954.80
Net Profit 244.30 449.80 662.00
EPS 3.86 6.93 10.51
BVPS 55.10 63.32 71.94
ROE 6.80 11.40 15.30
% OF SHARE HOLDING
Investment Rationale established new plants in Brazil and Saudi Arabia, a marketing network in Africa and expanded its •Crompton Greaves (CG), Avantha Group Company, South East Asia markets by establishing its is a global pioneering leader in the management presence in Malaysia and Vietnam.and application of electrical energy. With more
than 15,000 employees across its operations in •Company`s Q1 FY15 performance is driven by around 85 countries, CG provides electrical turnaround of operations in Europe and Canada products, systems and services for utilities, power due to growth in automation and system generation, industries, and consumers. The activities. The management is confident of its company is organized into four business groups: future performance with growing demand in the Power, Industrial, Automation, and Consumer. Ind ian e lect r i ca l t ranspor ta t ion and
infrastructure sector.•During the quarter ended June 2014, the company has bagged orders worth ̀ 2,899 crore and the UEOB Valuation(Un-executed order backlog) stood at ̀ 9,585 crore. The company has planned the demerger of the
•Recently, the company has bagged USD 25 million consumer business into a separate listed company order for the design, construction and delivery of and expects that the operation will unlock major 16 mobile substaions from Ministry of Electricity value. A number of the new product launches in in Iraq. Delivery is expected to be completed by industrial and switchgears require pre-qualifications, September 2015. leading to a time-lag and thus we expect the stock to
see a price target of ̀ 315 in one year time frame on a •Board of Directors on their July 16, 2014 annual target P/E of 30x and FY16 (E) earnings of ̀ 10.51.strategic review meeting at Mechelen, Belgium
proposed to demerge its Consumer Products business unit into a separate listed Company. The Board believes that such a demerger will create better growth opportunities for its two large but significantly different businesses - Power, Industrial and Automation which is a B2B business, and the Consumer Products business which is B2C.
•During the quarter ended June 2014, the company has registered 95% growth driven by smart grid and system orders of worth `1455 crore from Europe, Middle East and Africa.
•In the last few years, expanding out of its traditional markets of North America, the Europe, the Middle East and Africa (EMEA) and India, CG
P/E Chart
CROMPTON GREAVES LIMITED CMP: 209.50 Upside: 51%Target Price: 315
VALUE PARAMETERS
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale security markets. In September 2014, Larsen & Toubro Ltd acquired 50% interest in L&T-Ramboll •Larsen & Toubro (L&T) is a major Indian Consulting Engineers Limited held by Ramboll multinational company in technology, engineering, Denmark AS.construction, manufacturing and financial services,
with global operations. Its products and systems are •The company reported net profit more than marketed in over 30 countries worldwide. doubled to ̀ 967 crore from ̀ 458 crore in the same
•The company successfully won fresh orders worth period last year. And revenue is reported to rose by `33408 crore at consolidated level during June'14 10 per cent to `18,975 crore in the first quarter of quarter, registering a YoY growth of 11% on a large this financial year against `17,241 crore in the base. Consolidated order book of the group stood at year-ago period.`195392 crore as at June'14, higher by 13% YoY Valuationbasis. International order book constituted 26% of The company continues to raise its overseas the total order book. Order Inflows are mainly from manufacturing footprint, with facilities in China and infrastructure, hydrocarbon and heavy engineering the Gulf countries. The company's businesses are segment. supported by a wide marketing and distribution
•Going forward, the management has maintained its network, and have established a reputation for strong guidance of 15% growth in net sales and Ebidta customer support. It is expected that the stock will see margin of 12% in FY'15. a price target of `1952 in one year time frame on a
•The domestic market holds large potential awaiting target P/E of 29x and FY16 (E) earnings of ̀ 67.3. impetus through policy measures and conducive investment environment. The management expects good prospects in the medium term from revival of core sectors such as infrastructure, power, minerals and metals, defence and oil and gas when the initiatives by the new government at the centre take definitive shape and rigour. The company is confident of sustaining its growth momentum by utilizing the emerging opportunities for which it has positioned itself well.
•In June 2014, the Company's wholly owned subsidiary, L&T Technology Services has purchased 74% interest of Thales Software India Pvt. Ltd., Indian subsidiary of Thales, global technology in aerospace, transportation and defense and
Actual Estimate
FY Mar-14 FY Mar-15 FY Mar-16
Revenue 85,128.40 95,255.00 111,528.60EBITDA 10,754.30 12,107.80 15,016.90EBIT 9,308.50 9,712.10 12,192.80Pre-tax Profit 7,149.00 7,130.40 9,383.30Net Profit 4,561.80 4,876.20 6,267.50EPS 49.00 52.49 67.30BVPS 406.85 441.39 484.58ROE 12.80 12.50 14.50
Face Value (`) 2.00
52 Week High/Low 1774.70/817.00
M.Cap (`Cr.) 137819.34
EPS (`) 45.56
P/E Ratio (times) 32.59
P/B Ratio (times) 3.66
Dividend Yield (%) 0.96
Stock Exchange BSE
LARSEN & TOUBRO LIMITED CMP: 1484.75 Upside: 31%Target Price: 1952
P/E Chart
` in cr
22.81
36.537.17
0
33.5
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
20.99
21.66
5.93
42.67
8.74
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
6
®
Charts by Spider Software India Ltd
7
The stock closed at ̀ 221.35 on 10th October 2014. It made a 52-week low at ̀ 131
on 12th November 2013 and a 52-week high at ̀ 291.50 on 26thMay 2014.The 200
days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at ̀ 209.92.
Last week, there was a negative sentiment in the market, but this particular
stock sustained on a higher note with weekly gains of almost 11 percent, which
shows its potential to move upwards in the near term. Therefore, one can buy in
the range of 217-219 levels for the upside target of 235-240 levels with closing
below SL of 206.
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at `276.50 on 10th October 2014. It made a 52-week low at
`155.50 on 13th November 2013 and a 52-week high of `382.85 on 28th May
2014. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at ̀ 274.33.
After making 52 week high of 382 levels, there was a drastic fall in this particular
scrip. However, it again took support at 260 levels and started consolidation.
Looking at the charts, it is clear that it may shoot upwards in the near term and
reach our desired targets. Therefore, one can buy in the range of 272-273 levels
for the upside target of 288-290 levels with closing below SL of 263.
The stock closed at 44.20 on 10th October 2014. It made a 52-week low at
`11.69 on 09th October 2013 and a 52-week high at ̀ 54.47 on 20thMay 2014. The
200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at ̀ 35.12.
As we can see on the charts it rose sharply from lower levels with huge volumes.
After that it traded sideways with marginal retracements in it. Last week, it
formed fresh buying pivot near 35 levels and rose almost 15 percent despite of
weakness in other counters. Therefore, one can buy in the range of 41-42 levels
for the upside target of 50-52 levels with SL of 37.
`
BHEL
NCC
BAJAJ ELEC
®
DERIVATIVES
BASIS GAP IN NIFTY
Markets remained choppy and volatile, producing intraday swings throughout the week. Hereafter, the range of 7800-8100 will remain crucial in the near term,
and the move is expected to remain volatile. If Nifty slips below the 7800 mark, it could slide to 7650 levels due to increased selling pressure. On the flip side, the
index may face stiff resistance at 7950-8000 levels. The put-call ratio of open interest continued to increase last week and closed higher at 1.03 levels. The
options open interest concentration continued to be at the 8100-strike call with the highest open interest of above 50 lakh shares. Among put options, 7800-
strike taking the total open interest to 60 lakh shares, with the highest open interest among put options. The Implied Volatility (IV) of call options closed at
12.95% on Friday, while the average IV of put options inched higher to close at 13.12%. The Nifty is expected to remain in a broad range of 7800-8100 levels, with
an intermediary support at around 7800 levels. The move may remain mixed amid increased volatility, with resistance near 7950 levels.
WEEKLY VIEW OF THE MARKET
NIFTY OPTION TOTAL OPEN INTEREST CONCENTRATION (in share)
®
FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS
(Derivative segment) `(Cr)
ABIRLANUVO (OCT FUTURE)
Buy: Above `1655
Target: `1692
Stop loss: `1639
CENTURYTEX
Buy OCT 520 PUT 12.00
Sell OCT 500 PUT 6.00
Lot size: 1000
BEP: 514.00
Max. Profit: 14000.00 (14.00*1000)
Max. Loss: 6000.00 (6.00*1000)
OPTIONSTRATEGY
FUTURESTRATEGY
SUNPHARMA
Buy OCT 830. CALL 19.50
Sell OCT 840. CALL 16.50
Lot size: 500
BEP: 833.00
Max. Profit: 3500.00(7.00*500)
Max. Loss: 1500.00 ( 3.00*500)
KOTAKBANK
Buy OCT 1000. PUT 17.00
Sell OCT 980. PUT 10.00
Lot size: 500
BEP: 993.00
Max. Profit: 6500.00 (13.00*500)
Max. Loss: 3500.00 (7.00*500)
BULLISH STRATEGY
DERIVATIVE STRATEGIES
SIEMENS (OCT FUTURE)
Sell: Below `808
Target: `790
Stop loss: `816
CENTURYTEX (OCT FUTURE)
Sell: Below `528
Target: `515
Stop loss: `533
BEARISH STRATEGY
FIIs ACTIVITY IN INDEX FUTURE IN LAST WEEK
(Derivative segment) `(Cr)
-195.89
72.26
152.17
566.28
-300.00
-200.00
-100.00
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
01-Oct 07-Oct 08-Oct 09-Oct
-1677.03
-363.19-123.02
-831.43
554.54
912.25
502.78
2070.43
930.53717.98
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
2500.00
23-Sep 24-Sep 25-Sep 26-Sep 29-Sep 30-Sep 01-Oct 07-Oct 08-Oct 09-Oct
0
10
20
30
40
50
60
70
23-Sep 24-Sep 25-Sep 26-Sep 29-Sep 30-Sep 01-Oct 07-Oct 08-Oct 09-Oct
306350 409050 517750799300
1721100
3937300
5171000
5707350
4831250
24280002724800
39892503735650
4542400
5841300
4795100
3019000
1068350874500
729200
213250
496100
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
7500 7600 7700 7800 7900 8000 8100 8200 8300 8400 8500
Call Put
8
9
BHARTIARTL 7211000 8041000 11.51 0.56 0.54 -0.01 25.79 27.04 1.25
DLF 23086000 21720000 -5.92 0.45 0.54 0.09 41.07 43.94 2.87
HINDALCO 24664000 27600000 11.90 0.84 0.84 0.00 37.79 37.85 0.06
HINDUNILVR 3743500 3961000 5.81 0.54 0.65 0.11 21.22 22.93 1.72
ICICIBANK 8755000 8410250 -3.94 0.42 0.40 -0.02 25.20 23.68 -1.52
IDEA 13594000 14462000 6.39 0.36 0.35 -0.01 31.07 35.43 4.36
INFY 3327500 4029250 21.09 0.43 0.53 0.09 32.07 33.49 1.43
ITC 18215000 20964000 15.09 0.44 0.38 -0.05 20.70 20.23 -0.47
JPASSOCIAT 126768000 128520000 1.38 0.60 0.65 0.05 67.12 63.44 -3.68
NTPC 39158000 40190000 2.64 0.33 0.36 0.03 22.41 23.99 1.58
ONGC 22340000 22398000 0.26 0.51 0.57 0.05 27.35 26.08 -1.28
RANBAXY 7607000 7873000 3.50 0.81 0.58 -0.23 27.46 30.05 2.60
RCOM 45718000 45140000 -1.26 0.62 0.59 -0.03 38.70 41.26 2.56
RELIANCE 33872750 33111500 -2.25 0.41 0.47 0.06 20.87 20.04 -0.84
NIFTY 15639450 16418500 4.98 1.10 1.03 -0.07 12.47 12.77 0.30
SAIL 37308000 37904000 1.60 0.57 0.67 0.10 37.32 38.43 1.12
SBIN 4602750 4799000 4.26 0.46 0.49 0.03 24.28 24.02 -0.27
TATASTEEL 17346000 17960000 3.54 0.66 0.70 0.04 29.21 29.89 0.68
IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS
OPEN INTEREST PCR RATIO IMPLIED VOLATILITY
# # SCRIPTS PREV. CURRENT % PREV. CURRENT PREV. CURRENT WEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANGE
DERIVATIVES
Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased
to 1.03 from1.10. At the end of the week, the maximum stocks had a negative of
change in put call open interest ratio.
Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has increased to12.77% from 12.47%. The IV of the stock futures has changed this
week ranging from -3.68% to 4.36%.
Open Interest Analysis : The open interest for the index at the end of this week
has increased by 4.98% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -5.92% to 21.09%. INFY has the
maximum increase in open interest as compared to other stocks.
Statistical Analysis·
Open 7990.00 High 8015.00
Low 7855.00 Close 7990.35
NIFTY & IV CHART NIFTY ANALYSIS
®# 30 Days ATM IV
11
12
13
14
15
7800
7900
8000
8100
01-Oct 07-Oct 08-Oct
Nifty Close IV
Jeera futures (Nov) is likely to fall towards 10450 levels. The counter may get pressurized by the sufficient stocks in the spot markets. The total stocks in local mandies are almost double of the previous year's level of 30 lakh bags due to record production in the last season. On the contrary, the counter may get support near 10400 owing to lower supplies in the international market due to tensions in Syria & Turkey. The upcoming festive demand during Diwali is likely to provide the underlying support to the counter and attract the buyers at lower levels. Cardamom futures (Nov) is expected to consolidate with a bearish bias & witness a consolidation in the range of 810-860 levels. The cardamom prices at the spot market declined at the auctions as the arrivals have increased in the spot markets from the third time picking. Export demand is also slack as overseas demand from the Gulf and West Asian countries is slow. Total arrivals during the season that began on August 1 stood at 3,225 tonnes against 4,382 tonnes during the same period a year ago. Sales were 3,154 tonnes against 4,189 tonnes. Coriander futures (Nov) is likely to witness extended profit booking from higher levels facing resistance near 12500 levels. The sustained arrivals along with the stocks of around 20 – 22 lakh bags all India may also add bearish sentiments over the counter. Turmeric futures (Nov) may consolidate in the range of 5900-6250 levels. The fundamentals of the supply side are that the arrivals have maintained constant levels since beginning of this month, whereas the cues from the demand side for the yellow spice is not sufficient enough to push the price upside.
SPICES
Bullion counter may remain on a volatile path in the near term. Some bounce back was seen recently due to decline in the greenback. Upcoming festive demand from India and opening of Chinese markets after week long national holidays can spur physical demand for the metals. On the domestic bourses movement of the local currency rupee will impact the bullions which can move in the range of 60.80-61.60. Gold may move in the range of 26400-27600 in MCX. White metal silver can hover in the range of 37000-41500. Minutes of the Federal Reserve's last meeting showed officials expressed concern the U.S. economy may be at risk from a global slowdown. Investors made short positions in futures and options for a seventh week to the highest since at least 2006 in the week ended Sept. 30. Holdings in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, were unchanged yesterday at 762.08 metric tonnes, the least since December 2008. Demand in India, the second biggest buyer of gold, is also set to increase on festivals and the wedding season. India tripled gold imports in August to just over $2 billion despite continued import restrictions. During September sales by the U.S. Mint of American Eagle gold and silver bullion coins increased dramatically. The increased demand for gold and silver coins seen in the U.S. was mirrored at other major world mints which have seen steadily increasing demand during the third quarter. The Perth Mint of Australia, one of the largest mints in the world, has also experienced a sales spike in demand for gold and silver bullion.
BULLIONS
10
®
A base metal counter may remain in a range of mixed fundamentals. Recently fear of interest rate hike in the US has pressurized the base metals. Federal Reserve policymaker stated that he would be "delighted" to raise interest rates sometime next year since it would be a sign of economic success, but for now a "very accommodative monetary policy" is still needed. Copper may move in the range of 400-425 in the near term. Heading into the fourth quarter, the focus will be on the strength of copper demand from top metals user China. A weak Chinese property sector, the main copper consumer, has raised concerns about the outlook for demand from the world's second biggest economy. The overall trimming of the global forecasts from the IMF, weak economic status of EU and UK along with the growing concern of the economic downturn and high level of inventory of 0.15 Million MT, have created a downward pressure on the price of the metal. Zinc can trade in the range of 136-144 while Nickel prices may move in the range of 980-1060 in MCX. Reflecting a tight market for zinc in China, front month futures in Shanghai have traded at a premium to the third month contract since late September. Global Zinc demand is up 7.7 per cent globally in the first six months of this year to 6.8 million tonnes. Aluminum may move in the range of 115-123. Aluminium inventories at Dutch warehouses in Vlissingen, which accounts for 40 percent of LME aluminium stocks, have declined 14 percent this year. Meanwhile lead can move in the range of 124-132 in MCX.
BASE METALS
Selling pressure in Crude oil may continue, but some short covering can be seen in near term as prices have slipped very sharply in quick span of time. Stronger greenback, global over supply concerns and demand concerns have kept the prices under pressure. Crude oil prices may trade in the range of 4950-5450 in MCX and $80-89 on NYMEX. U.S. oil production increased to 8.88 million barrels a day last to last week, the most since March 1986, according to the Energy Information Administration. Crude stockpiles in the world's largest oil consumer expanded by 5 million barrels to 361.7 million, the Energy Department's statistical arm said on Oct. 8. The International Monetary Fund said on Oct. 7 that the global economy will expand by 3.8 percent in 2015, down from a projection of 4 percent in July. The International in Paris reduced oil-demand estimates for this year and next in its monthly report on Sept. 11. The shale boom boosted U.S. production in September to the highest level since 1986, while the Organization of Petroleum Exporting Countries pumped the most oil in 13 months. Natural gas prices may move in the range of 227-245 in MCX. Weather-forecasting models called for seasonably mild temperatures to hold across much of the U.S., which should curb demand for both air conditioning and heating. Pockets of cool air are due to trek across the U.S. in the coming days though temperatures won't fall too hard to seriously drive demand for heating while staying mild enough to curb the need for air conditioning.
ENERGY COMPLEXSoybean futures (Nov) is likely to extend its downfall towards 2870 levels, breaching 2920 levels. It is reported that the harvesting in Madhya Pradesh and Maharashtra has commenced and it will gradually gain momentum in due course. On the demand side, the Indian soy meal exporters are facing difficulties in finding demand for the upcoming season too. The forward bookings (Nov – Dec delivery) in meal are still weaker than expected with the global supplies expected to be comfortable this season. The crushers are likely to crush soybean in limited quantity due to higher soy meal rates in the international market as compared to other competing nation. Market participants may remain cautious ahead of the world agricultural supply and demand estimates report scheduled to be released by the U.S Department of Agriculture. CPO futures (Nov) is likely to witness extended downside following bearish fundamentals of Malaysian counterpart & weak cues from the domestic market. As reported by the Malaysian palm oil board, the palm oil stocks at the end of September rose 1.8% to 2,089,859 tonnes as against a revised 2,053,175 tonnes at the end of August. Back at home, the local refineries have reduced their rates amid slack physical demand against adequate availability. Due to lower global prices, India's import of vegetable oils has reached 95.3 lakh tonnes up to August 2014 and looking at shipments planned for next two months, the total import would be over 11.5 million tonnes. Mustard futures (Nov) would possibly continue to face resistance near 3700 levels. At the spot market, selling pressure is rising in mandis across the country owing to release of stocks by the stockist before the peak arrival season of beans.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (Apr) is likely to consolidate in the range of 780-815 levels. In the current scenario, the supplies from new crop arriving in the spot markets are mostly of inferior quality; hence the mills are keeping themselves away from fresh buying. The downside may remain capped as farmers are not interested to sell Kapas at the current prevailing prices and on the flip side the stock position of the old crop was recorded to be almost empty. There are talks that the Cotton Corporation of India (CCI) might have to procure this soft commodity from cotton growers at minimum support prices (MSP). Sugar futures (Dec) is expected to trade sideways in the range of 2800-2850 levels. As per the estimates of the Indian Sugar Mills Association, the opening stocks as on 1st October, 2014 was about 72-75 lakh tonnes, which is about 25 lakh tons higher than what the country needs till the time new production of 2014-15 comes into the market. This season the total cane acreage is pegged at 52.94 lakh hectares, only 1% less as compared to last year. In a matter of agitation between sugar mills V/s farmers with the threats of shutting down of sugar mills in Uttar Pradesh, there are talks that the government is open to extending export subsidy on raw sugar and provide additional interest-free loans to mills to clear cane arrears provided mills give the guarantee. Chana futures (Nov) is expected to trade with an upside bias to test 2980, taking support above 2870 levels. In Maharashtra and Andhra Pradesh the sowing of Chana might get delayed as Kapas crop will be harvested in mid-October – November. Moreover, the poor reservoir conditions might reduce the acreage in the major growing states.
11
TECHNICAL RECOMMENDATIONS
COMMODITY
COPPER MCX (NOVEMBER) contract closed at ̀ 412.95 on 9th October '14. The contract made its high of
`439.25 on 25th August '14 and a low of `409.40 on 10th October '14. The 18-day Exponential Moving
Average of the commodity is currently at ̀ 416.94. On the daily chart, the commodity has Relative Strength Index (14-day) value of 36. One can sell in the
range 416-418 with the stop loss of ̀ 421 for a target of ̀ 407.
ZINC MCX (OCTOBER) contract closed at 142.35 on 9th October '14. The contract made its high of
`146.30 on 5th September '14 and a low of `135.35 on 22nd Sep '14. The 18-day Exponential Moving
Average of the Commodity is currently at ̀ 141.10.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 50.76. One can sell in
the range 142-143 with the stop loss of ̀ 144.50 for a target of ̀ 139.
`
SILVER MCX (DECEMBER) contract closed at 38615.00 on 9th October '14. The contract made its high of
`46528 .00 on 31st July '14 and a low of `37511.00 on 3rd October '14. The 18-day Exponential Moving
Average of the Commodity is currently at ̀ 39288.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 30.18. One can buy in
the range 38100-38000 with the stop loss of ̀ 37750 for a target of ̀ 39200.
`
®
COPPER MCX (NOVEMBER)
ZINC MCX (OCTOBER)
SILVER MCX (DECEMBER)
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 3004.00 05.06.14 DOWN 4401.00 - 3250.00 3450.00
NCDEX JEERA OCT 10670.00 25.09.14 DOWN 10505.00 - 11300.00 11500.00
NCDEX CHANA OCT 2828.00 15.05.14 DOWN 3233.00 - 2960.00 3000.00
NCDEX RM SEEDS OCT 3607.00 06.03.14 UP 3564.00 3500.00 3450.00
MCX MENTHA OIL OCT 687.00 29.05.14 SIDEWAYS
MCX CARDAMOM NOV 839.70 25.09.14 DOWN 849.70 - 880.00 900.00
MCX SILVER DEC 38615.00 11.09.14 DOWN 41270.00 - 41500.00 42500.00
MCX GOLD DEC 26958.00 11.09.14 DOWN 26986.00 - 27400.00 28000.00
MCX COPPER NOV 412.95 11.09.14 SIDEWAYS
MCX LEAD OCT 127.00 11.09.14 DOWN 128.95 - 132.00 135.00
MCX ZINC OCT 142.35 23.04.14 UP 126.45 137.00 - 135.00
MCX NICKEL OCT 1015.10 30.09.14 DOWN 1011.60 - 1080.00 1100.00
MCX ALUMINUM OCT 117.70 18.09.14 SIDEWAYS
MCX CRUDE OIL OCT 5264.00 21.08.14 DOWN 5745.00 - 5550.00 5600.00
MCX NATURAL GAS OCT 235.60 30.09.14 SIDEWAYS
TREND SHEET
Closing as on 09.10.14
COMMODITY
NEWS DIGEST
Commodities spectrum was under pressure over the past few weeks. CRB closed down, ignoring
the fall in the dollar index. A falling dollar enhances the appeal of metals price in the greenback as
an alternative investment. Magical fall in crude oil stunned the entire world; its movement was
the cynosure of the entire market. Oil prices have tumbled due to fresh evidence of economic
weakness in the euro zone, especially in Germany, adding concern of slowing global growth and
abundant crude supplies. It breached the mark of $ 85 in NYMEX and 5200 in MCX. A rise in
production pressurized the crude prices across the globe. The shale boom boosted U.S.
production while OPEC pumped the most oil in 13 months. U.S. oil production increased to 8.88
million barrels a day last week, the most since March 1986, according to EIA. Natural gas prices
also cooled off on low demand. Bullion counter witnessed lower level buying. Gold climbed to its
highest in nearly two weeks as expectations of an early hike in U.S. interest rates eased and the
dollar lost traction. The dollar hit a two-week low versus a basket of currencies, after minutes
from the U.S. Federal Reserve's last meeting signaled that Fed is not going to increase the interest
rate in a hurry. Gold traded above $1200 mark in COMEX and consolidated near the level of 27000
in MCX. Base metals counter prices slumped amid worry that European economies are slowing
down and Germany is heading for recession.
As regards agro commodities, they performed mix. Some commodities prices jumped on demand
revival while some of them remained in weaker territory. Corn trimmed the biggest weekly
advance since 2013 in US as investors weighed speculation that U.S. production will top
government estimates against signs, rain will delay the harvest in the biggest grower while the
demand rises. Corn slumped 19% this year on expectations U.S. output will climb to the highest
ever. Sugar prices were moving northward with little steps. Some improvement in demand in spot
market added marginal strength in guar gum and guarseed. It was a good week for spices counter
and most of them much awaited upside on improved festive demand. Oil seeds and edible oil
counter performed weak. Appreciation in rupee added more weakness in the counter. Actively
buying in spot market supported Chana prices in the futures market as well.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 30.09.14 09.10.14 DIFFERENCEQTY. QTY.
BARLEY MT 3360 1843 -1517CASTOR SEED MT 72622 89192 16570CHANA MT 64646 57432 -7214CORIANDER MT 758 708 -50COTTONSEED OILCAKE MT 7940 0 -7940GUARGUM MT 1064 332 -732GUARSEED MT 1972 159 -1813JEERA MT 378 414 36MAIZE MT 27790 27053 -737RAPE MUSTARD SEED MT 11350 5733 -5617SOYABEAN MT 0 0 0SUGAR MT 110 0 -110TURMERIC MT 1612 1672 60WHEAT MT 7301 6595 -706
COMMODITY UNIT 30.09.14 10.10.14 DIFFERENCE
QTY. QTY.
CARDAMOM MT 16.80 18.10 1.30
COTTON BALES 0.00 0.00 0.00
KAPASIA KHALLI MT 0.00 0.00 0.00
GOLD KGS 694.00 479.00 -215.00
GOLD MINI KGS 51.20 50.60 -0.60
GOLD GUINEA KGS 24.89 24.61 -0.28
MENTHA OIL KGS 4725808.95 4777628.90 51819.95
SILVER (30 KG Bar) KGS 9216.43 9216.43 0.00
•Chile's Supreme Court has halted the development of
the El Morro gold and copper mine owned by Canada's
Goldcorp.
•European copper smelters are looking to raise raw
material processing fees by 20% next year.
•Japanese copper production is expected to rise about
3% in the six months between October and March from
a year earlier.
•Canadian crude exports to the United States topped 3
million barrels per day last week.
•The United States imported more than 7 million barrels
per day of crude oil during the first seven months of the
year.
•NCDEX has decided to levy a Risk Management Fee of ̀ 5
per lakh on the value of every fresh overnight open
interest position created in contracts for commodities
Barley, Castor Seed (10MT,1MT &2 MT), Chana
(10MT,1MT & 2 MT), Chilli Teja, Cotton Seed Oil Cake,
Cottonseed, Coriander, Guar Gum, Guar Seed ( 10 MT &
2MT), Gur, Jeera, Kapas, Maize Feed Industrial Grade
(Kharif & Rabi), Rmseed, Yellow Soyabean Meal,
Shankar Kapas, Sugar (M Grade), Soyabean, Refined
Soy Oil, Turmeric, Wheat w.e.f October 15, 2014.
•Malaysia's September palm oil output down 6.64% from
August; end-stocks up by 1.79% from August; palm oil
exports up 13.27% from August- Malaysian Palm Oil
Board
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
5.14
3.96
3.43
2.24
1.61
-6.10
-4.75 -4.66
-3.07-2.69
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
GUAR SEED 10 MT
GUAR GUM TURMERIC CHANA 1 MT SILVER NEW CRUDE OIL SOYAMEAL BR. CRUDE OIL CRUDE PALM OIL STEEL LONG COMMERCIAL
8.59
2.43
1.32 1.32
0.48
-7.42-7.10
-3.99
-2.38-2.06
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
CARDAMOM MENTHA OIL NICKEL MINI ZINC MINI COTTON CRUDE OIL NATURAL GAS BR. CRUDE OIL LEAD MINI CPO
COMMODITY
COMMODITY EXCHANGE CONTRACT 01.10.14 09.10.14 CHANGE%
ALUMINIUM LME 3 MONTHS 1921.00 1950.00 1.51
COPPER LME 3 MONTHS 6680.00 6720.00 0.60
LEAD LME 3 MONTHS 2093.00 2088.00 -0.24
NICKEL LME 3 MONTHS 16095.00 16675.00 3.60
ZINC LME 3 MONTHS 2270.00 2336.00 2.91
GOLD COMEX DEC 1215.50 1225.30 0.81
SILVER COMEX DEC 17.26 17.42 0.92
LIGHT CRUDE OIL NYMEX NOV 90.73 85.77 -5.47
NATURAL GAS NYMEX NOV 4.02 3.85 -4.42
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
30.09.14 09.10.14
ALUMINIUM 4626050 4571375 -54675
COPPER 154100 149625 -4475
NICKEL 353340 364530 11190
LEAD 225300 225225 -75
ZINC 752025 737350 -14675
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 01.10.14 09.10.14 CHANGE(%)
Soya CBOT NOV Cent per Bushel 916.75 942.00 2.75
Maize CBOT DEC Cent per Bushel 321.25 344.75 7.32
CPO BMD NOV MYR per MT 2195.00 2191.00 -0.18
Sugar LIFFE OCT 10 cents per MT 418.50 425.60 1.70
13
®
SPOT PRICES (% change) Oil meal exports plunge
Oilmeals are the solid residues obtained after extracting oil from oilseeds. It is widely
used as a source of protein in animal diet in sectors such as poultry, piggery and
fisheries. It is also known as oilcakes. Some of the oilcakes like castor oilcakes that
are toxic by nature are generally used in making of fertilizers. India is major exporter
of Oil meals.
Export of Oil meals September-14
• According to the latest statistics from Solvent Extractors Association of India
(SEAI), the overall export of oil meals from India In the first six months of the
FY15, oilmeal exports were down 43% to 950,599 tonnes as against 1,657,697
tonnes in the same period last year
• The overall export of oil meals during September 2014 is reported at 82,749
tonnes as against 3,01,717 tonnes in the same period a year ago i.e. down by
73%. This was largely due to soyabean prices ruling higher in the domestic
market, leading to lower crushing and lower soyameal export.
• Soyameal shipments were down 68% last month to 868 tonnes against 2,778
tonnes in August while that of rape meal dipped 80% to 58,567 tonnes.
• Though export of rapeseed meal increased to 572,352 tonnes from 417,668
tonnes in the last six months, it could not make up for the sharp fall in supply of
soyameal. Soyameal prices are down at $569 (Rs35,278) a tonne against $616 (Rs
38,192) a tonne in August. Rapeseed meal was up at $237 a tonne from $229.
• In last two quarters, oilmeal exports to South Korea were down to 464,555
tonnes (518,178 tonnes) comprising 258,729 tonnes of rapeseed meal, 204,082
tonnes of castor meal and 1,744 tonnes of soyameal.
• Iran imports were lower at 142,357 tonnes (571,171 tonnes) and it includes
35,500 tonnes of soyameal and 106,857 tonnes of rapeseed meal.
• Thailand imported 91,602 tonnes of rapeseed meal and 2,407 tonnes of
soyameal.
• Vietnam and Taiwan imported 70,051 tonnes (72,622 tonnes) and 39,528 tonnes
(45,817 tonnes), respectively.
Port-wise Export : September 2014
• Export from Kandla accounted for 75% of total shipments at 714,246 tonnes,
followed by Mumbai which handled 108,814 tonnes (11%) and Bedi handling
32,197 tonnes (3%). Mundra and Kolkata handled 53,747 tonnes (6%) and 41,331
tonnes (4%).
-7.09
-6.17
-5.94
-3.98
-1.01
-0.97
-0.81
-0.76
-0.62
-0.41
-0.28
-0.18
-0.05
0.00
0.00
0.14
0.27
0.62
0.97
1.55
1.84
6.37
-8.00 -6.00 -4.00 -2.00 0.00 2.00 4.00 6.00 8.00
GUR (MUZAFFARNGR.)
SOYABEAN (INDORE)
COTTON SEED OIL CAKE (AKOLA)
COTTON (KADI)
CORIANDER (KOTA)
CRUDE PALM OIL (KANDLA)
REFINED SOYA OIL (INDORE)
MENTHA OIL (BARANBAKI)
MUSTARD (JAIPUR)
JEERA (UNJHA)
BARLEY (JAIPUR)
SUGAR (KOLKATA)
SILVER 5 KG (DELHI)
MASOOR (INDORE)
WHEAT (DELHI)
RAW JUTE (KOLKATA)
CHANA (DELHI )
TURMERIC (NIZAMABAD)
CHILLI (GUNTUR)
GUAR GUM (JODHPUR)
GUAR SEED (JODHPUR)
PEPPER MALABAR GAR (KOCHI)
197,554
163,388
360,822
182,133
317,161301,717
240,851
298,310
202,244
125,042133,404
82749
20,000
70,000
120,000
170,000
220,000
270,000
320,000
370,000
420,000
April May June July August September
Qty. in M.TExport of Oilmeals in FY2013-14 & 2014-2015
2013 2014
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 61.83 61.83 61.11 61.23
EUR/INR 77.94 78.21 77.69 78.17
GBP/INR 98.76 99.32 98.76 99.28
JPY/INR 56.31 57.16 56.30 56.87
(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
07th Oct U.S. consumer credit increased by the smallest amount since November08th Oct Growth in China's services sector weakened slightly in September08th Oct Applications for U.S. home mortgages rose last week as interest
rates declined09th Oct U.S. wholesale inventories rose by the most in four months in August,09th Oct Japanese consumer confidence worsened for a second straight
month in September09th Oct The Federal Reserve will probably start raising interest rates around
the middle of next year, two top officials at the U.S. central bank said09th Oct The number of Americans filing new claims for unemployment
benefits fell last week to nearly its lowest level since before the 2007-09 recession
EUR/INR (OCT) contract closed at 78.17 on 09th October'14. The contract made its high of `78.21 on 09th October'14 and a low of `77.69 on 07th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 78.28.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 39.38. One can sell around 78.40 for a target of 77.35 with the stop loss of 79.00
`
JPY/INR (OCT) contract closed at 56.87 on 09th October'14. The contract made its high of 57.16 on 08th October'14 and a low of `56.30 on 07th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at `56.76.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 50.91. One can buy above 57.40 for a target of 58.50 with the stop loss of 56.85
Market Stance
Indian rupee witnessed sharp gains against the US dollar in the week gone by
after US Federal Reserve September policy meeting had hinted no immediate
rate hikes there. The Fed minutes also showed that some policymakers had
flagged the risks of a stronger dollar exerting downward pressure on inflation.
Global investors borrowed cheap funds at relatively lower interest rate there
and invested in emerging countries like India, Brazil and others. A hike in US
interest rates will make their borrowing costs expensive. Investors were
expecting early rate hikes as US economy grew at 4.6% between April and
June, faster than estimated 4.2%. Unemployment rates too fell. However,
among other emerging economies, the rupee emerges as one of the best
performing currency besides Thailand. The rally in domestic share market too
added to the local unit's rise. Rupee posted its biggest single-day gain in nearly
two months.
EUR/INR
USD/INR (OCT) contract closed at ̀ 61.23 on 09th October'14. The contract made its high of `61.83 on 07th October'14 and a low of `61.11 on 09th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at ̀ 61.45.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 53.94. One can sell below 61.10 for a target of 60.10 with the stop loss of 61.70.
GBP/INR (OCT) contract closed at 99.28 on 09th October'14. The contract made its high of 99.32 on 09th October'14 and a low of `98.76 on 07th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at ̀ 99.57.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 37.47. One can sell around 99.10 for a target of 98.00 with the stop loss of 99.65.
`
USD/INRTechnical Recommendation
GBP/INR JPY/INR
Economic gauge for the next week
Date Currency Event PREVIOUS
14th Oct GBP Core Consumer Price Index (YoY) 1.90%
14th Oct GBP Consumer Price Index (MoM) 0.40%
14th Oct GBP Consumer Price Index (YoY) 1.50%
14th Oct GBP Producer Price Index Output Core n.s.a. (YoY) 0.90%
14th Oct EUR German ZEW Survey (Economic Sentiment) 6.9
14th Oct EUR Euro-Zone Industrial Production w.d.a. (YoY) 2.20%
15th Oct EUR German Consumer Price Index (YoY) 0.80%
15th Oct GBP Jobless Claims Change -37.2K
15th Oct USD Advance Retail Sales 0.60%
16th Oct EUR Euro-Zone Consumer Price Index - Core (YoY) 0.70%
16th Oct USD Industrial Production -0.10%
17th Oct USD Housing Starts (MoM) -14.40%
17th Oct USD U. of Michigan Confidence 84.6
14
®
IPO
IPO NEWSIPO NEWS
Videocon D2H files for IPO to raise up to Rs 700 cr
Direct to home service provider Videocon D2H has filed for an initial public offer (IPO) to raise up to ̀ 700 crore. The company had received the regulator's
approval in March 2013 for its proposed IPO but did not launch the same due to bad market conditions.
Fund raising via IPOs falls 25% to $216 million in Jan-Sept
The money raised through IPOs was in fact the lowest for the first nine month period, in terms of proceeds, since 2001 when IPO issuances raised only $69.9
million. Net inflows from FIIs (foreign institutional investors) stood at around $13.8 billion (Rs 83,177 crore) so far in 2014 pushing the benchmark Sensex and
Nifty up by 25.8% and 26.3% respectively during the year, the best performance among the world's 10 biggest markets.
Snap Fitness India eyes IPO after a year
Bangalore-based Snap Fitness India, the Indian master franchisee of Minneapolis, US-based fitness chain Snap Fitness that operates round-the-clock, is
looking at an initial public offering (IPO) after a year when it completes 100 centres across the country. The company, which was planning to raise about $8-
10 million from private equity (PE) investors for less than 30% equity, did not go for PE due to valuation mismatch, said CEO Vikram BM.
PricewaterhouseCoopers (PwC) was working for the company in the proposed fund raising exercise.
ACB India files initial IPO papers with Sebi
Coal washing company ACB (India) Ltd has filed draft documents with market regulator Sebi for an initial public offer of more than three crore shares. It is
the 14th company to file initial papers with the Securities and Exchange Board of India this year to garner funds through the IPO route. ACB (India) plans to
enter the capital markets with a public issue of up to 30,940,000 equity shares of face value of ̀ 10 each, as per its Draft Red Herring Prospectus (DRHP). The
sale offer will be made by Pineridge Investment, Ganesh Chandra Mrig and Ashok Mrig collectively referred to as as the selling shareholders in the company.
Many firms file IPO papers with Sebi
Many companies have filed their draft red herring prospectuses (DRHPs) with market regulator Securities and Exchange Board of India in the last week of
September for launching their initial public offerings (IPOs). The companies that filed their DRHPs with Sebi included Shree Pushkar Chemicals and
Fertilisers, MEP Infrastructure Developers, CL Educate, PNC Infratech, Uniparts India. Earlier, in the first half of September Ortel Communications and in
the second half Rashtriya Ispat Nigam filed their DRHPs. Year to date 14 companies have filed their DRHPs for IPOs with Sebi. Usually companies file their
proposals for their IPOs by last week of September as it helps them in showing their last three years' financials which is valid till September 30 every year, as
per Sebi guidelines. Most of these companies IPOs propose to sell minimum 25 per cent post issue paid up equity share capital comprising of fresh issue of
shares as well as offer for sale by selling shareholders stake.
India's UFO Moviez Plans an IPO
UFO Moviez India Ltd. is hoping to raise between seven billion rupees and eight billion rupees ($113 million to $129 million) in an initial public offering later
this year. Two private-equity firms would be the sellers in the share sale, the person said. London-based private-equity firm 3i Group PLC and Providence
Equity Partners LLC., a private-equity firm based in the U.S., are "key investors" in UFO Moviez. Mumbai-based UFO Moviez installs satellite dishes and
computer servers in Indian cinemas so they can screen digitized movies. It has installed its systems in 3,632 screens spread over 1,350 cities, UFO Moviez's
website said. Poor infrastructure makes it costly for film producers and distributors to pay for film reel that is transported to various screens across India.
The film quality also deteriorates by the time it reaches smaller towns and villages in India. UFO Moviez charges distributors and producers a fee to
download movies onto screens, a person familiar with the matter said. In some theaters, mostly independent single-screen ones, UFO Moviez plays
advertisements on behalf of the theater owners, the person added.
15
®*Closing prices as on 09-10-2014
IPO TRACKER
Shemaroo Entertainment Entertainment 408.41 120 1-Oct-14 170.00 180.00 156.05 -8.21
Sharda Cropchem Agro Chemical 2403.47 351.86 23-Sep-14 156.00 254.10 266.40 70.77
Snowman Logistic Miscellaneous 1449.77 197.40 12-Sep-14 47.00 78.75 87.10 85.32
Wonderla Holidays Entertainment 1671.29 181.25 9-May-14 125.00 164.75 295.80 136.64
Just Dial service provider 12186.20 950.11 5-Jun-13 530.00 590.00 1736.65 227.67
Repco Home Fin Finance 2804.04 270.39 1-Apr-13 172.00 165.00 451.10 162.27
V-Mart Retail Trading 1057.24 123.00 20-Feb-13 210.00 216.00 587.35 179.69
Bharti Infra. Telecom 54402.32 4533.60 28-Dec-12 220.00 200.00 287.80 30.82
PC Jeweller Jewellary 4003.78 609.30 27-Dec-12 135.00 135.50 223.55 65.59
CARE Rating Agency 4137.58 540.00 26-Dec-12 750.00 949.00 1426.75 90.23
Tara Jewels Jewellary 236.35 179.50 6-Dec-12 230.00 242.00 96.00 -58.26
VKS Projects Engineering 21.42 55.00 18-Jul-12 55.00 55.80 0.34 -99.38
Speciality Rest. Restaurants 728.58 181.96 30-May-12 150.00 153.00 155.15 3.43
Company Sector M.Cap(In `Cr.) Issue Size(in `Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
*
16
®
MUTUAL FUND
NEWS
MFs' assets jump over 7% to new high of Rs 10.6 tn in Q2
The Mutual fund industry's total assets under management (excluding fund of funds) rose 7.24 per cent to a new record high of ̀ 10.59 trillion in the September
quarter, boosted by a surge in equity plans and gains in short-term debt schemes. This was revealed in the data released by Crisil quoting Association of Mutual
Funds in India (AMFI) numbers. Industry assets were primarily boosted by a sharp rise in equity AUM (assets under management) besides being supported by gains
in short duration debt funds, Crisil said.
HDFC MF introduces CPO-III-1100D October 2014
HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC CPO-III-1100D October 2014, a close ended income scheme. The NFO opens for subscription
on Oct 07, 2014 and closes on Oct 20, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is `5000. The
investment objective of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of
maturity of the Scheme. The Scheme also seeks to invest a portion of the portfolio in equity and equity related instruments to achieve capital appreciation.
SBI Prudential MF introduces Debt Fund Series B-1 (1111 Days)
SBI Mutual Fund has launched the New Fund Offer (NFO) of SBI Debt Fund Series B-1 (1111 Days), a close ended income scheme. The NFO opens for subscription on
Oct 10, 2014 and closes on Oct 16, 2014. The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to
the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market
Instruments maturing on or before the maturity of the scheme.
Reliance Mutual Fund files offer document for Reliance Equity Savings Fund
Reliance Prudential Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as Reliance Equity Savings Fund. The investment
objective of the scheme is to generate income and capital appreciation by investing in arbitrage opportunities & pure equity investments along with investments
in debt securities & money market instruments.
Reliance Mutual Fund files offer document for Dual Advantage Fixed Tenure Fund VII (Plan A - Plan F)
Reliance Prudential Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as Reliance Dual Advantage Fixed Tenure Fund VII
(Plan A - Plan F). The New Fund Offer price is `10 per unit. The investment objective of the scheme is to generate returns and reduce interest rate volatility,
through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity.
ICICI Prudential MF introduces Fixed Maturity Plan
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan - Series 75 - 1102 Days Plan M, a close ended income
scheme. The NFO opens for subscription on Oct 09, 2014 and closes on Oct 20, 2014. The investment objective of the scheme is to generate long term capital
appreciation for investors from a portfolio of equity and equity related securities.
Sundaram MF introduces Select Micro Cap Series VII (1400 Days)
Sundaram Mutual Fund has launched the New Fund Offer (NFO) of Sundaram Select Micro Cap Series VII (1400 Days), a close ended income scheme. The NFO
opens for subscription on Oct 08, 2014 and closes on Oct 15, 2014. The investment objective of the scheme is to seek capital appreciation by investing
predominantly in equity/equity-related instruments of companies that can be termed as micro-caps. A company whose market capitalisation is equal to or lower
than that of the 301st stock by market cap on the NSE at the time of investment will be considered to be in micro-cap category
LIC NOMURA MF introduces Fixed Maturity Plan Series 89 (1100 Days)
LIC NOMURA Mutual Fund has launched the New Fund Offer (NFO) of LIC NOMURA Fixed Maturity Plan Series 89 (1100 Days), a close ended income scheme. The
NFO opens for subscription on Oct 08, 2014 and closes on Oct 15, 2014. The investment objective of the scheme is to generate long term capital appreciation for
investors from a portfolio of equity and equity related securities
IIFL MF introduces India Growth Fund
IIFL Mutual Fund has launched the New Fund Offer (NFO) of IIFL India Growth Fund, a close ended income scheme. The NFO opens for subscription on Oct 08, 2014
and closes on Oct 21, 2014. The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and
equity related securities.
17
®
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
07-Oct-2014 15-Oct-2014 Close-Ended Growth `5000DWS Fixed Maturity Plan - Series 78 (1100 Days) - Regular Plan (G)
Rakesh SuriTo generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme.
07-Oct-2014 21-Oct-2014 Close-Ended Growth `5000Reliance Dual Advantage Fixed Tenure Fund VI - Plan E - Direct Plan (G)
Krishan Daga / Anju Chajjer
The Scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
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
Reliance Small Cap Fund - Growth 22.10 16-Sep-2010 931.64 18.66 61.56 133.21 35.95 21.53 2.65 0.77 0.45 6.68 48.08 27.78 17.47
HSBC Midcap Equity Fund - Growth 33.18 19-May-2005 215.96 10.44 44.04 114.42 25.24 13.61 2.97 0.92 0.21 10.39 76.42 6.74 6.45
DSP BlackRock Micro Cap Fund - Reg - G 31.76 14-Jun-2007 1196.06 16.83 55.32 109.99 29.85 17.08 2.48 0.72 0.35 2.48 67.32 21.54 8.66
Sundaram SMILE Fund - Reg - Growth 58.51 15-Feb-2005 500.71 17.60 63.59 109.97 28.29 20.08 3.09 1.09 0.23 2.45 60.81 34.09 2.65
UTI Mid Cap Fund - Growth 68.13 09-Apr-2004 1361.20 18.94 49.94 105.37 31.81 21.09 2.39 0.83 0.41 21.07 69.18 6.08 3.67
Canara Robeco Emerging Equities - G 49.16 11-Mar-2005 101.90 14.59 54.20 105.18 33.09 18.15 2.54 0.88 0.34 13.12 75.31 7.15 4.42
ICICI Prudential MidCap Fund - Growth 60.68 28-Oct-2004 710.88 12.39 45.66 101.86 29.47 19.86 2.47 0.78 0.33 38.30 45.84 7.67 8.18
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 09/10/2014Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
HDFC Prudence Fund - Growth 354.56 01-Feb-1994 6744.94 6.11 30.85 63.28 20.80 20.33 2.12 0.12 35.76 28.92 8.95 26.37
HDFC Balanced Fund - Growth 96.40 11-Sep-2000 2018.36 7.28 27.05 54.40 20.84 17.45 1.54 0.17 28.40 38.18 2.63 30.80
Reliance RSF - Balanced - Growth 36.08 08-Jun-2005 654.33 7.64 26.15 49.65 21.22 14.72 1.67 0.10 57.06 13.54 1.56 27.84
SBI Magnum Balanced Fund - Growth 83.22 09-Oct-1995 825.14 8.26 23.97 45.53 22.89 16.77 1.43 0.21 30.02 34.94 7.59 27.45
ICICI Prudential Balanced - Growth 83.25 03-Nov-1999 996.94 8.00 25.34 44.91 22.81 15.24 1.50 0.19 43.41 27.21 1.46 27.92
L&T India Prudence Fund - Growth 16.76 07-Feb-2011 81.96 7.42 25.81 44.91 21.48 15.10 1.49 0.16 40.41 25.73 5.68 28.18
Tata Balanced Fund - Plan A - Growth 145.09 08-Oct-1995 907.07 8.38 29.18 44.85 22.44 16.99 1.62 0.15 42.91 29.78 1.12 26.19
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
UTI Dynamic Bond Fund - Growth 14.67 23-Jun-2010 389.54 6.88 7.61 7.68 12.90 10.65 10.19 9.33 15.54 0.13 366.24 N.A
Franklin India Cor. Bond Oppor. Fund - G 13.33 07-Dec-2011 6733.68 10.60 10.54 11.53 11.82 10.64 N.A 10.65 14.65 0.15 N.A 10.82
Sundaram Fle. Fund - Fle. Income - Reg - G 17.96 30-Dec-2004 319.26 17.55 19.48 21.60 16.07 10.52 6.82 6.16 35.98 -0.04 3109.80 9.41
Franklin India Income Oppor. Fund - G 15.23 11-Dec-2009 4075.85 11.17 11.17 12.13 11.34 10.38 9.74 9.11 13.75 0.15 N.A 10.73
ICICI Prudential Income Oppor. Fund - G 17.99 18-Aug-2008 1657.18 18.94 18.08 19.08 15.20 10.28 9.27 10.03 35.25 0.02 2511.20 9.29
ICICI Prudential Corporate Bond Fund - G 20.20 15-Sep-2004 2347.33 13.64 13.53 14.04 12.67 10.27 8.73 7.23 19.02 0.06 1332.25 10.02
UTI Income Opportunities Fund - G 11.80 19-Nov-2012 601.88 10.81 11.30 10.96 11.49 10.27 N.A 9.16 15.15 0.12 698.03 N.A
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Birla Sun Life Dynamic Bond Fund - Ret - G 22.42 24-Sep-2004 8666.55 15.17 10.77 12.77 11.97 9.81 9.37 8.37 20.74 0.06 N.A 8.79
ICICI Prudential STP - Growth 27.16 25-Oct-2001 2797.41 13.04 12.83 12.37 11.94 9.56 9.07 8.01 16.24 0.09 989.15 9.53
Birla Sun Life Tre. Optimizer Plan - Ret - G 245.47 19-Apr-2002 1394.84 12.25 11.45 13.24 11.59 10.67 9.81 7.46 5.82 0.40 N.A 9.29
Birla Sun Life Treasury Optimizer Plan - DAP 151.53 22-Jun-2009 1394.84 12.25 11.45 13.23 11.58 10.50 9.58 8.16 5.84 0.36 N.A 9.29
Birla Sun Life Medium Term Plan - Reg - G 16.10 25-Mar-2009 3307.08 10.93 11.95 11.02 11.55 10.77 10.69 8.97 12.51 0.24 N.A 10.39
Franklin India STIP - Growth 2713.86 31-Jan-2002 9540.66 11.02 11.31 12.00 11.16 10.32 9.77 8.18 12.14 0.18 N.A 10.58
Kotak Income Opportunities Fund - G 14.24 11-May-2010 939.94 10.08 9.92 10.41 11.08 9.57 9.11 8.33 14.43 0.11 850.45 10.50
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Franklin India Low Duration Fund - G 14.67 26-Jul-2010 2318.86 9.76 9.87 9.52 9.86 10.01 9.89 9.53 4.02 0.56 N.A 10.32
Birla Sun Life Savings Fund - Ret - DAP 147.54 23-Jun-2009 7547.25 9.54 9.78 9.16 9.30 9.43 9.07 7.62 4.01 0.42 N.A 9.19
Birla Sun Life Savings Fund - Ret - G 249.41 27-Nov-2001 7547.25 9.52 9.76 9.15 9.30 9.55 9.41 7.36 3.99 0.47 N.A 9.19
DWS Cash Opportunities Fund - Growth 17.88 22-Jun-2007 425.73 10.08 9.88 9.30 9.21 9.20 9.45 8.28 4.48 0.38 222.65 9.80
Union KBC Ultra Short Term Debt Fund - G 1247.94 24-Apr-2012 225.57 8.57 9.76 9.18 9.20 9.55 N.A 9.42 2.52 0.76 26.58 N.A
IDFC Ultra Short Term Fund - Reg - G 18.74 17-Jan-2006 2660.51 9.49 9.83 9.35 9.18 9.61 9.75 7.46 3.79 0.53 N.A 9.15
Kotak Floater - LT - Growth 21.36 13-Aug-2004 2360.30 9.21 9.84 9.42 9.13 9.49 9.32 7.75 4.78 0.37 171.55 9.25
Annualised
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