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407-408 Abhishilp Opp.Vishweshwar Mahadev Temple Nr. Keshavbag Party Plot Vastrapur, Ahmedabad-380015 Phone: 079-26730583 , 40086763 Email: oswaldhan@gmail.com

INVESTMENT OPPORTUNITIES IN DEBT MARKET

Liquid Fund : Expected returns 8.00 to 9.00%

Low Duration Fund : Investment Horizon 3 Months & above Expected returns 8.50 to 8.75%

Short term Income Plan : Investment horizon 1 year & above Expected returns 9 to 9.5%

FMPs: 6 Months, 1year, 2year, 3year FMP available Expected returns 1 year 8.5 – 8.75% 2 year 8.75 – 8.85% 3 year 8.85 – 9.30%

RECOMMENDATION If the horizon is 9 months to 1 year short term income plan provides the best

investment opportunity.

Short term & Medium term plan with duration of 2-3years provides good investment opportunities.

Accrual income funds having high portfolio yield with average maturities 2 to 3 years can give good returns for investors who doesn’t want to take duration risk averse.

Income Fund and Gilt fund with duration of 10 to 20 years provides attractive investment opportunities and will be beneficiary of falling interest rate scenario. Suitable for investments horizon for 12-18 month and for investors ready to take short term volatility.

The FMP also offers attractive yield if someone wants to lock in fund for specified period.

OUTLOOK FOR DEBT MARKET

Looking at the current economics scenario , inflation is likely to come down and hence the interest rates can come down.

Short term yield of the curve offers good entry point.

Aggressive investor can invest in the long end of the curve. Currently Yield on 10 year GOI Security is around 8.50% and is very attractive for aggressive investor to invest.

Long term Interest rates will depend on inflation no, fiscal deficit, OMO and the policy initiative taken by the new Govt.

EQUITY MARKET VALUATIONS

OUTLOOK FOR EQUITY MARKET• With the stable government at the centre, markets are likely to do well.

• Market available at PE of 15 times of the FY 15-16 earnings which is reasonable.

• Corporate earnings likely to accelerate to 15-18% in the next two years which will take the markets to higher levels.

• Markets to give return in line with corporate earning growth. There will be short term market volatility but markets will take directions from Q2 results.

• Midcaps and small cap stocks are available at 10-15% discount to large cap and hence provide attractive entry point . • Investors who are under invested in equity are advised to increase their exposure at

every dip.

• Good time to build equity portfolio through combination of lumpsum and STP.

PERFORMANCE OF RECOMMENDED FUNDS

EQUITY FUNDS

MIDCAP FUNDS

BALANCED FUNDS

MONTHLY INCOME PLAN

SYSTEMATIC INVESTMENT PLAN

PERFORMANCE FROM PEAK OF 2008

PERFORMANCE OF RECOMMENDED FUNDS

EQUITY FUNDS EQUITY FUNDS

Inception Scheme Name Type Date 1 Yrs 2 Yrs 3 Yrs 5 Yrs 7 Yrs 10 Yrs 15 Yrs Since Inception

Birla Sun Life Dividend Yield Divid Yield Feb-03 59.22 20.21 16.83 14.79 14.06 18.85 - -UTI Dividend Yield Fund Divid Yield May-05 44.93 16.69 14.29 12.62 11.95 - - -Birla Sun Life Frontline Equity fundLargecap Aug-02 50.00 25.57 22.77 14.26 12.02 22.09 25.92 -DSP BlackRock Top 100 Equity FundLargecap Mar-03 43.88 18.29 17.05 11.03 10.03 20.62 - -Franklin India Bluechip Fund Largecap Dec-93 41.41 18.56 16.42 12.57 9.64 19.36 25.71 21.42HDFC Top 200 Fund Largecap Sep-96 60.04 22.82 19.90 13.48 12.64 22.54 29.19 20.74ICICI Prud. Focussed Bluechip FundLargecap May-08 46.48 23.58 21.14 15.65 - - - -Reliance Regular Savings Fund EquityLargecap Jun-05 59.67 20.35 20.07 12.13 12.86 - - -ICICI Prud. Discovery Fund Value Aug-04 88.96 36.66 32.36 21.86 18.76 25.42 - -Templeton India Growth Fund Value Sep-96 61.34 23.25 20.20 12.14 10.51 19.08 25.26 19.82ICICI Prud. Dynamic Plan Div. Equity Oct-02 50.04 25.83 22.58 16.05 12.49 23.87 - -DSP BlackRock Equity Fund Div. Equity Apr-97 62.20 22.27 18.24 12.99 11.04 - - -Franklin India Prima Plus Div. Equity Sep-94 58.95 26.32 21.89 15.83 11.31 21.59 27.03 21.24HDFC Equity Fund Div. Equity Jan-95 73.17 26.57 21.76 15.90 13.48 23.27 29.50 23.49L&T Equity Fund Div. Equity May-05 54.15 22.79 18.95 14.36 10.67 - - -Reliance Equity Opportunities FundDiv. Equity Mar-05 71.18 26.49 25.70 20.63 14.81 - - -Reliance Growth Fund Div. Equity Oct-95 67.08 23.44 19.94 12.40 10.64 23.06 31.09 25.07UTI Opportunities Fund Div. Equity Jul-05 47.38 22.00 20.55 14.95 13.56 - - -

CNX Nifty Index 38.91 18.16 17.23 9.39 6.81 16.39 19.25 12.22

S&P BSE Sensex 37.41 19.14 17.43 9.23 6.36 16.91 19.98 12.16

Compounded Annualized (%)DIVERSIFIED EQUITY FUND PERFORMANCE AS ON 30th September 2014

PERFORMANCE OF RECOMMENDED FUNDS

MIDCAP FUNDSMIDCAP FUNDS

Scheme Name Inception

Date 1 Year 2 Yrs 3 Yrs 5 Yrs 7 Yrs 10 Yrs Since Inception

Axis Midcap Fund Mar-00 34.64 30.43 - - - - -Birla Sun Life Mid Cap Fund - Plan A Mar-00 24.58 20.90 13.26 10.21 21.47 - -DSP BlackRock Small and Midcap Fund Mar-00 28.08 22.59 18.65 13.41 - - -HDFC Mid-Cap Opportunities Fund Mar-00 33.68 28.30 23.62 16.65 - - -IDFC Premier Equity Fund - Reg Mar-00 29.66 24.49 21.09 17.65 - - -IDFC Sterling Equity Fund Mar-00 25.44 22.09 18.67 - - - -Sundaram Select Midcap - Reg Mar-00 30.01 25.66 18.22 13.57 25.74 32.2 -Franklin India Prima Fund Mar-00 35.71 29.73 20.21 11.85 20.51 28.65 23.11Franklin India Smaller Companies FundApr-00 43.86 36.05 23.3 13.98 - - -

CNX Midcap Mar-00 19.85 17.05 11.17 7.26 17.08 23.51 -

MIDCAP FUND PERFORMANCE AS ON 30th September 2014Compounded Annualized

Scheme Name Inception Since Date 1 Yr 2 Yrs 3 Yrs 5 Yrs 7 Yrs 10 Yrs 15 Yrs Inception

Birla Sun Life 95 Feb-95 47.25 22.39 18.76 13.81 11.81 19.02 22.19 18.08DSP BlackRock Balanced Fund May-99 46.99 17.73 15.11 11.20 10.19 17.25 21.70 15.14FT India Balanced Fund Dec-99 46.77 21.98 18.38 12.67 9.67 16.40 20.00 -FT India Dynamic PE Ratio FoF Nov-03 27.89 13.30 12.45 10.17 10.03 16.65 - -HDFC Balanced Fund Sep-00 60.86 24.48 20.74 18.35 15.54 18.54 21.05 -HDFC Prudence Fund Feb-94 68.22 23.89 20.10 16.84 14.47 21.65 26.41 21.58ICICI Prudential Balanced Advantage Dec-06 35.70 20.49 20.13 14.80 10.34 - - -ICICI Prudential Balanced Nov-99 50.38 25.72 22.67 16.94 10.96 17.32 20.64 15.18Reliance RSF - Balanced Jun-05 55.23 21.10 20.89 14.64 14.36 - - -Tata Balanced Fund Oct-95 50.32 24.03 22.29 15.99 12.76 19.78 23.30 -

Crisil Balanced Fund Index 26.96 14.63 14.33 8.95 7.78 13.05 14.88 -S&P BSE Sensex 37.41 19.14 17.43 9.23 6.36 16.91 19.98 12.16CNX Nifty Index 38.91 18.16 17.23 9.39 6.81 16.39 19.25 12.22

BALANCED FUND PERFORMANCE AS ON 30th September 2014Compounded Annualized

BALANCED FUNDSBALANCED FUNDS

PERFORMANCE OF RECOMMENDED FUNDS

Scheme Name Inception Debt EquityDate Minimum Maximum 1 Year 2 Yrs 3 Yrs 5 Yrs 7 Yrs 10 Yrs Since Inception

Canara Robeco MIP Apr 88 75% 25% 19.97 12.04 11.32 9.38 9.35 12.19 11.78HDFC MIP Long term Dec 03 75% 25% 26.06 12.17 11.57 9.93 10.38 11.72 -ICICI Prudential MIP 25 Mar-04 70% 30% 21.44 12.46 12.11 9.43 8.87 10.53 -Kotak Monthly Income Plan Dec-03 80% 20% 19.47 11.04 11.03 8.68 6.54 7.75 -Reliance MIP Jan 04 80% 20% 21.31 11.18 11.47 9.73 11.42 11.41 -

Crisil MIP Blended Index 15.12 9.16 9.65 7.63 7.45 8.12 8.53

MONTHLY INCOME PLANS PERFORMANCE AS ON 30th September 2014

Compounded Annualized

MONTHLY INCOME PLANMONTHLY INCOME PLAN

PERFORMANCE OF RECOMMENDED FUNDS

PERFORMANCE OF RECOMMENDED FUNDS

SIP( Systematic Investment Plan) SIP( Systematic Investment Plan)

No. of years Type of LaunchAmount invested Fund Date

Value Return Value Return Value Return Value Return(in Rs.) (%) (in Rs.) (%) (in Rs.) (%) (in Rs.) (%)

FT India Dynamic PE Ratio FoF Dynamic PE Oct' 03 45395 15.60 80723 11.80 239137 13.20HDFC Balanced Fund Balanced Sep' 00 54879 29.30 100490 20.70 310889 18.10HDFC Prudence Fund Balanced Feb' 94 54969 29.50 98007 19.70 325389 18.90 1227781 22.82Birla Sun Life Frontline Equity Fund Large Cap Aug' 02 54736 29.10 96464 19.00 315396 18.40DSP BlackRock Top 100 Equity Fund Large Cap Mar 03 49734 22.10 86665 14.70 278229 16.00Franklin India Bluechip Fund Large Cap Dec' 93 49508 21.80 87153 14.90 271374 15.60 998461 20.48HDFC Top 200 Fund Large Cap Oct' 96 53732 27.80 93301 17.70 313945 18.30 1378347 24.12ICICI Prudential Focused Bluechip Equity Fund Large Cap May 08 53258 27.10 96141 18.90Reliance RSF - Equity Fund Large Cap Aug. 02 53826 27.90 91180 16.70Birla Sun Life Dividend Yield Plus Divi. Yield Feb 03 52518 26.10 91964 17.10 293487 17.00DSP BlackRock Equity Fund Div. Equity Apr 97 53633 27.60 92095 17.10L&T Equity Fund Div. Equity Mar 05 53454 27.40 93458 17.70Franklin India Prima Plus Div. Equity Sep. 94 55711 30.50 99250 20.20 311694 18.10 1209492 22.65HDFC Equity Fund Div. Equity Jan. 95 56927 32.10 98485 19.90 333585 19.40 1479792 24.91HDFC Growth Fund Div. Equity Sep 00 50380 23.00 87588 15.10 278658 16.10ICICI Prudential Dynamic Plan Div. Equity Oct 02 55248 29.70 98240 19.70 329904 19.20Reliance Equity Opportunities Fund Div. Equity Mar 05 57081 32.20 105108 22.50ICICI Prudential Discovery Fund Value Fund Aug 04 65594 43.00 118615 27.60 408487 23.10Templeton India Growth Fund Value Fund Mar 05 53839 27.90 90848 16.60 278907 16.10 1003579 20.79HDFC Mid-Cap Opportunities Fund Mid Cap Jun 07 63838 40.90 118143 27.40IDFC Premier Equity Fund Mid Cap Sep. 05 59388 35.30 109401 24.20Reliance Growth Fund Mid Cap Oct. 95 55373 30.00 93394 17.70 297498 17.30 1835709 27.35Franklin India Taxshield Fund Tax Saving Apr 99 55747 30.50 100585 20.80 307869 17.90 1147631 1141822HDFC Long Term Advantage Fund Tax Saving Jun 07 55949 30.80 98775 20.00 285827 16.50HDFC Taxsaver Fund Tax Saving Jan 96 56445 31.40 97415 19.40 301012 17.50 1419508 1376556ICICI Prudential Taxplan Tax Saving Oct. 95 59064 34.90 104711 22.40 318005 18.50 1392979 24.39

NSE - CNX Nifty Index 49485 21.80 85024 13.90 235001 12.90 623588 15.12S&P BSE - Sensex Index 49693 22.10 85298 14.00 236772 13.00 649332 15.59

36000 60,000 120,000 180,000

SIP PERFORMANCE AS ON 30th September 2014If you had invested Rs. 1000 every month

3 Year 5 Year 10 Year 15 Year

Scheme Name Type of Fund Date Peak NAV Current Date Current NAV Absolute Ret CAGRHDFC Prudence Fund Balanced 08-Jan-08 163.75 30-Sep-14 350.94 114.31% 11.99%HDFC Balanced Fund Balanced 08-Jan-08 41.50 30-Sep-14 96.21 131.85% 13.31%DSP BR Equity Fund Diversified Equity 08-Jan-08 15.42 30-Sep-14 24.92 61.69% 7.40%Franklin India Prima Plus Diversified Equity 08-Jan-08 213.93 30-Sep-14 375.26 75.41% 8.71%L&T Equity Fund Diversified Equity 08-Jan-08 32.37 30-Sep-14 54.90 69.63% 8.17%Reliance Equity Opportunities Fund Diversified Equity 08-Jan-08 32.06 30-Sep-14 66.30 106.78% 11.40%ICICI Pru. Dynamic Plan Diversified Equity 08-Jan-08 94.36 30-Sep-14 176.43 86.97% 9.74%HDFC Equity Fund Diversified Equity 08-Jan-08 225.21 30-Sep-14 443.05 96.73% 10.57%HDFC Growth Fund Diversified Equity 08-Jan-08 81.71 30-Sep-14 124.74 52.66% 6.49%Birla Sun Life Dividend Yield Plus Dividend Yield 08-Jan-08 65.73 30-Sep-14 128.98 96.23% 10.53%Reliance Regular Savings Fund Large Cap 08-Jan-08 30.50 30-Sep-14 45.51 49.18% 6.12%Birla Sun Life Frontline Equity Fund Large Cap 08-Jan-08 82.00 30-Sep-14 145.35 77.26% 8.88%DSP BR TOP 100 Equity Fund Large Cap 08-Jan-08 94.89 30-Sep-14 146.31 54.19% 6.64%Franklin India Bluechip Fund Large Cap 08-Jan-08 194.70 30-Sep-14 314.29 61.42% 7.37%HDFC Top 200 Fund Large Cap 08-Jan-08 172.55 30-Sep-14 323.29 87.36% 9.78%Reliance Growth Fund Mid Cap 08-Jan-08 479.94 30-Sep-14 705.80 47.06% 5.90%IDFC Premier Equity Fund Mid Cap 08-Jan-08 28.09 30-Sep-14 61.88 120.28% 12.45%HDFC Mid-Cap Opportunites Fund-Gr. Mid Cap 08-Jan-08 13.32 30-Sep-14 31.88 139.38% 13.85%FT India Dynamic PE Ratio Funds PE Ratio Fund 08-Jan-08 32.00 30-Sep-14 56.40 76.24% 8.78%Franklin India Taxshield Tax Saving 08-Jan-08 197.30 30-Sep-14 362.24 83.59% 9.45%HDFC Long Term Advantage Fund Tax Saving 08-Jan-08 131.80 30-Sep-14 227.19 72.37% 8.42%HDFC Taxsaver Tax Saving 08-Jan-08 207.22 30-Sep-14 370.17 78.63% 9.00%ICICI Prudential Taxplan Tax Saving 08-Jan-08 131.35 30-Sep-14 249.62 90.04% 10.01%Templeton India Growth Fund Value Fund 08-Jan-08 107.55 30-Sep-14 174.81 62.54% 7.48%ICICI Pru. Discovery Fund Value Fund 08-Jan-08 37.87 30-Sep-14 99.30 162.21% 15.40%Sensex 08-Jan-08 20873.33 30-Sep-14 26630.51 27.58% 3.68%

PERFORMANCE FROM THE PEAK AS ON 30th September 2014

PERFORMANCE FROM PEAK OF 2008PERFORMANCE FROM PEAK OF 2008

PERFORMANCE OF RECOMMENDED FUNDS

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