ValueResearchFundcard-QuantumLongTermEquity-2011Jan06

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The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice

or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of thisFund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of thisFund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Cardshould exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.

The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishersof the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,

opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in thisFund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.

Risk Grade –

Return Grade –

NAV –

Net Assets –

Fundcard

ValueResearchw w w . v a l u e r e s e a r c h o n l i n e . c o m

Below Average

High

Rs. 23.66 as on Jan 5, 2011

Quantum Long Term Equity

Value Research Fund Rating as on Dec 31, 2010

Rs. 61.8 crore as on Dec 31, 2010

Open-end and Equity: Multi Cap



ValueResearchwww . v a l u e r e s e a r c h o n l i n e . c om

Volatility Measurements

Standard Deviation

Sharpe Ratio

Beta

R-Squared

Alpha

Risk Analysis

Equity

DebtCash

Composition (%)

Trailing Returns (%)

Year-to-Date

3-Month

6-Month

1-Year

2-Year

3-Year

5-Year

7-Year

10-Year

Return less than 1-year are absolute and over 1 year are annualised

Return Rank SIP

Fund Category Fund/Cat Return

Quarterly Returns (%)Q1 Q2 Q3 Q4 Year

Fund Performance Vs

Company Sector P/E YTD % Assets

Top Holdings

NAV (Rs)

Total Return (%)

+/-

+/-

Rank (Fund/Category)

52 Week High (Rs)

52 Week Low (Rs)

Net Assets (Rs.Cr)

Expense Ratio (%)

Rating:

Risk:

Return:

History

Total Stocks

Avg Mkt Cap (Rs.Cr)

Portfolio P/B Ratio

Portfolio P/E Ratio3Y Earnings Growth (%)

Fund

Top 10 Sector Weights (%)

Portfolio Characteristics

Returns as on

Growth Blend ValueInvestment StyleFUND STYLE

L a r g e M e d i u

m S ma l l

C a p i t a l i s

a t i o n

Fund

(Rebased to 10,000)

3/59

Below AverageHigh

-2.59

49.0639.5644.1857.65

2.48

-0.91

0.30

-1.21

-0.85

-2.37

39.90

-2.86

63.50

3.85

38.00

-2.12

8.80

31.40

57/62

17.60

15.70

18.50

-9.60

17.50

S&P CNXNifty

Nifty

Fund Performance Vs S&P CNX Nifty

S&P CNX Nifty

TRI-Sensex

-4.05

3.51

-2.17

S&P CNX Nifty

-0.36

27.24

0.37

19.20

37.90

18.70

160.10

33.40

35.60

33.40

33.70

17.50

26.5021.00

17.50

----

31.70

0.91

18.45

14.09

13.89

6.71

6.28

1/45

5.89

4.87

3.11

3.11

19.18

6/62

14.14

-

5.39

2.52

28.15

6.47

3.90

8.36

31.62

Communication

Energy

Services

Construction

Metals

Engineering

Construction

Communication

Financial

4.52-1.07-3.33-0.92

Technology

Energy

6.01

5.87

2001

-

-

-

-

-

-

-

-

-

5.86

5.14

4.87

4.394.28

4.24

33.1515.1915.6926.05

3.82

----

2011

23.66

-1.25

-0.36

-

57/62

-

-

-

-

28.822.1315.576.732.26

2010

23.96

28.82

10.87

10.09

4/59

24.48

17.61

61.77

1.56

103.2810.3224.3445.651.75

Financial

2009

18.60

103.28

27.52

20.62

5/56

18.60

8.12

48.03

2.29

-46.99-23.431.10-13.85-20.51

FMCG

2008

9.15

-46.99

4.80

4.67

5/56

17.43

7.98

22.13

2.50

45.7816.7813.5213.51-3.12

- -4.40 16.26 4.13 -

2.49

49.71

10.87

17.26

38/44

-4.31

-8.99

17.26

Services

2007

45.78

2.50

29.70

8.80

11.89

-

-

-

11.84

-

2006

Services

Infosys Technologies

-

-

-

-

-

-

-

-

-

2005

Tata Consultancy Services

-

-

-

-

-

-

-

-

-

2004

HDFC

-

-

-

-

-

-

-

-

-

2003

Hindustan Unilever

-

-

-

-

-

-

-

-

-

2002

Bajaj Auto

Zee Entertainment Ent.Container Corp.

ING Vysya Bank

HDFC Bank

4.49 21.04

-1.25 -0.70 -0.89 -

0.66

-0.60

3/61

78.96

-2.79

-

4.27

-10.62

-4.25-0.52

-4.69

23

-1.71

Returns as on January 5, 2011, Portfolio related data as on November 30, 2010

10.35

6.23

17.13 12.56 16.12 21.66

4/50

0.95

10.77 -0.55 -1.04 38.32

Technology

Financial

Technology

Technology

Financial

Services

FMCG

FMCG

Automobile

Construction

Services

Energy

Services

Automobile

Financial

Engineering

3.70

Financial

Metals

3.69

3.26

Quantum Long Term Equity

3.11

3.11

3.01

2.56

2.43

2.22

2.19

PTC India

Indian Hotels

Ultratech Cement

Tata Steel

-

Crompton Greaves

ACC

Bharti Airtel

Axis Bank

3i Infotech

ONGC2.09

1.57

1.50

0.03

-

State Bank of India

Tata Global Beverages

Gateway Distriparks

Zee Learn

0.00

-

2010

2.56

2009

2008

2007

2006

34709

- - - -



ValueResearchwww . v a l u e r e s e a r c h o n l i n e . c om

Fund Objective & StrategyValue Research AnalysisBest Performance

AMC :

Website :

Registrar :

Launch :

Benchmark :

Plans (NAV) :

Min Investment (Rs.) :

Min SIP Investment (Rs.) :

Entry Load :

Exit Load :

YEAR

NAV

QUARTER

MONTH

Worst Performance

YEAR

QUARTER

MONTH

All the graphs are rebased to 10,000

Portfolio Manager

Experience

Investment Information

If you are looking for a fund which truly adheres to a buy-and-hold strategy,

this one fits the bill. With such a small corpus, it would not be surprising

to see the fund manager dabble in smaller stocks, churn his portfoliorapidly or take concentrated bets. Contrary to expectation, that is not the

case at all. The fund started off as a large-cap offering, changed its

complexion and now once again is predominantly in large caps. It is also

one of the funds with the least amount of churn. Till date, just 54 stocks

have appeared in the fund's portfolio and out of them only eight have been

held for five or months or less. What you will find here is a value based,

well diversified, liquid portfolio.

We are completely sector agnostic and neither is our criteria on the market

cap of the stock, explains Kumar. We are value investors who go for

bottom up stock picking and closely look at the daily average trading

volume of the stock. From our universe of companies, we make our pick.

The fund house follows a very process driven strategy. Buy and sell limits

are set for each of the stocks. Only stocks that fall within the predetermined

purchase price are picked up. Once a sell limit is reached, the team re-

evaluates the target and if they do not find value in holding on at that

price, they exit the stock. This would explain why the fund often has

substantial cash allocations during market run ups. It would also explain

why in 2008, the cash and debt exposure in any single month never

exceeded 5 per cent of the portfolio.

The fund's style means that it can lag behind its peers when speculative

growth stocks rule the roost. In 2007, the fund lagged behind the category

average with a return of just 46 per cent. Its high cash and debt exposure

(16%) in the December quarter that year also contributed to that.

Moreover, the fund manager refused to shed his IT exposure despite the

fact that tech stocks were reeling under the pressure of rupeeappreciation. Come 2008, and this very exposure was its saving grace.

We look at the long term fundamentals of the company before we invest

in it. Once done, we do not get swayed by market movements, says

Kumar.

Not only has this fund rewarded its investors over the long term, it is even

one of the cheapest ones available in terms of a low expense ratio.

S&P CNX Nifty

The scheme aims to achieve

long-term capital appreciation

by investing primarily in

shares of companies that are

typically included in BSE 200

Index and attractively priced in

the market when compared to

the Investment Managers

valuation of the company.

Karvy Computershare Pvt Ltd.

500

500

Mr.Kumar is a Commerce Graduate

from Delhi University and has done

PGDBM from ICFAI Business

School. Has more than 7 years of

experience in the financial services

industry. Before being designated as

fund manager had worked as Equity

Analyst with Quantum AMC for 1

year and with same designation withQuantum Advisors Pvt. Ltd.

Quantum Asset Management Company Private Limited

www.quantumamc.com

Nil

4% for redemption within 180 days; 3% for

redemption between 181 - 365 days; 2% for redemptionbetween 366 - 540 days; 1% for redemption between541 - 730 days

TRI-Sensex

128.82%

73.77%

33.62%

-48.05%

-38.89%

-31.18%

February 2006

Since Nov 2006

Atul Kumar

Dividend (23.85) , Growth (23.66)



Birla Sun Life Frontline Equity Fund

Volatility Measurements

Standard Devia tion 28.32

Sharpe Ratio 0.21

Beta 0.88

R-Squared 0.96

Alpha 4.77

Risk Analysis

Equity 71.37

Debt 18.46

Cash 10.17

Composition (%)


Y ea r- to -Date - 48 .5 0 - 55 .2 9 3 4/19 2 - 51 .7 9 - 40 .1 8

3-Month -18. 97 -22.88 41/ 213 -24.53 -0.86

6-Month -20. 78 -27.09 38/ 209 -26.76 -33.43

1-Year -48. 50 -55.29 34/ 192 -51.79 -40.18

2-Year -8. 59 -16.06 22/ 158 -13.63 -24.19

3-Year 7.27 -1.39 12/134 1.42 -9.43

5-Year 16.27 12.91 19/67 9.50 9.90

7-Year - - - - -

10-Year - - - - -

Return less than 1-year are absolute and over 1 year are annualised

Return Rank S&P SIP

Fund Category Fund/Cat CNX Nifty Return

Quarterly Returns (%)

2008 -24.24 -14.18 -2.23 -18.97 -48.50

2007 -1.42 14.53 16.01 23.88 62.26

2006 19.42 -7.25 19.39 11.70 47.70

2005 -0.04 6.52 23.26 8.02 41.77

2004 0.71 -13.50 15.08 21.15 21.46

Q1 Q2 Q3 Q4 Year

Fund Perfor mance Vs S&P CNX Nifty

Company Sector P/E 2008 Ret % Assets

Top Holdings

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89

Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 - 48.50

+/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29

+/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1 .82 7.96

Rank (Fund/Category) - - - - - 54/70 50/79 6 5/101 27/145 71/162 3 4/192

52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52

52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 4 6.06 36.49

Net Assets (Rs.Cr) - - - - 51.40 15.15 9.11 140.54 124.74 374.84 343.03

Expense Ratio (%) - - - - 2.49 2.50 2.50 2.50 2.50 2.35 2.31

Rating:Risk: Low

Return: Above Average90000

70000

50000

30000

10000

History

Total Stocks 39

Avg Mkt Cap (Rs.Cr) 28180

Portfolio P/B Ratio 3.03

Portfolio P/E Ratio 13.70

3 Y Ea rni ng s Gr ow th ( %) 9. 80

F in anc ia l 1 6. 24 1 1. 90

Energy 14.67 37.49

Communica tion 8 .00 11.34

T ec hn ol ogy 7. 16 1 0. 95

FMCG 6.29 6.85

H ea lt h C ar e 5. 00 2. 74

E ngi nee ri ng 4. 01 5. 26

Metals 3.07 4.43

Services 2.93 0.28

D iv er si fi ed 1. 43 2. 97

F un d N if ty

Top 10 Sector Weights (%)

Portfolio Characteristics

Returns as on 31st December 2008, Portfolio related data as on 30th November 2008

B har ti A ir te l C om mun ic at io n 18 .5 6 -2 8. 10 6 .4 9

R el ian ce I nd us tr ie s E ne rgy 1 1. 50 - 57. 30 5 .4 2

ONGC Energy 8.31 -46.00 4.50

HDFC Bank Financial 20.67 -42.26 3.93

HDFC Financial 17.10 -48.21 3.51

Satyam Compute r Services Technology 7 .86 -62 .12 3 .16

ITC FMCG 21.00 -18.47 2.72

Axis Bank Financial 10.42 -47.82 2.70

Infos ys T ec hn ol og ie s T ec hn ol og y 1 4.29 - 36 .7 9 2 .6 4

United Spirits FMCG 23.26 -55.48 2.34

ICICI Bank Financial 9.49 -63.62 2.26

D r. R ed dy 's L ab H eal th C ar e 13 .6 1 - 36 .1 2 2 .1 9

S ta te B an k o f I nd ia F in an ci al 9 .3 9 - 45. 67 2 .1 3

C ro mp to n G re av es E ng in ee ri ng 1 2.29 - 65 .8 4 2 .1 2

Indian Oil Energy -- -46.33 1.95

Cipla Health Care 22.87 -12.09 1.70

Sterlit e I ndustries Metals 11.81 - 74. 80 1.61

Reliance Communications Communication 22.87 -69.56 1.51

J in dal S te el & P ow er M et al s 7 .0 7 - 7 0. 31 1 .4 6

L ars en & T oub ro D iv er si fi ed 17 .6 5 - 62. 88 1 .4 3

Z ee En te rt ai nm en t S er vi ce s 16 .0 1 -5 7. 45 1 .4 1

CESC Energy 6.21 -62.11 1.37

Tata Consu ltancy Services Techno logy 12.79 -55 .87 1 .36

I NG Vysya Bank Financial 8.89 - 50. 78 1.35

Nestle India FMCG 26.11 -3.14 1.23

Growth Blend ValueInvestment StyleFUND STYLE

L a r g e M e d i u m S ma l l

C a p i t a l i s a t i o n

Fund

S&PCNX Nifty

(Rebased to 10,000)

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-

vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type. Risk Grade Afive-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to

other fund of the same type.

Returns Grade Afive-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History

Data on the fund’s performance

since its launch.

NAV (Year End) The last

NAV of each year.

Total Return The percent-

age returns that an investor

would have got over theyear.

+/- In the given year, a

comparison of the fund’s

returns with that of two stock

market indices

Rank The fund’s perform-

ance rank within its category

for the year and the total

number of funds out of

which it has been ranked.

52-Week NAV Range The

highest and the lowest NAV

that the fund recorded dur-

ing that year

Net Assets The total

amount of investor’s assetsthat the fund was managing

at the end of the year.

Expense Ratio The per-

centage of the average daily

assets that the fund charged

as its management expens-

es during the year.


Performance data for various stan-

dard periods. All returns are in per-

centage. Periods greater than a

year are annualised, shorter peri-

ods are not.

Fund The fund’s own

returns.

Category The average

returns for all funds in the cate-

gory.

Rank The funds rank, out of

the total number of funds in the

category

Index The returns of the

fund’s benchmark index.

SIP Return (Annualised)

The return that an investor

would have made by investing

in the fund’s monthly systemat-

ic investment plan over the

period.

Quarterly Returns (%)

The funds’ returns over each quar-

ter of the last five years, along with

the entire year’s returns.

Fund Performance Vs Index

Graph of how an investors’ money

would have grown in the fund since

its launch. A similar graph of the

fund’s benchmark index is also

given. For ease of comparison,

both have been adjusted to start at10,000.

Risk Analysis

Arange of statistical measures thatcan be used to evaluate the per-

formance, risk, and return of a

mutual fund.

Top Holdings

A detailed report on the latest

investment portfolio that the fund

is holding. For each company,

the sector, the P/E ratio, and theyear’s returns are given. Also

stated is the percentage of the

fund’s investments that are

invested in that company.

Portfolio Characterstics

Aggregate measures regarding

the fund’s investments. The mar-

ket capitalisation, P/B ratio and

P/E ratio are weighted averages

of the latest numbers of the com-

panies that the fund is invested

in. Three Year Earnings Growth

is the weighted average of thecompounded average growth in

the net profits of each company.

Fund Style

Anine-cell matrix of the overall style

of investment that the fund follows,

based on its latest portfolio. On the

vertical axis, the three steps denote

the weighted average market capital-

isation of the fund’s investments. The

horizontal axis denotes, on a weight-

ed average basis, whether the com-panies that the fund has invested in

are value stocks, growth stocks, or a

blend of the two.

Top 10 SectorWeights (%)

The percentage of

the equity invest-

ments of the fund

that fall under each

sector of the econo-

my. The top 15 sec-

tors for each fund

are given.

Composition (%)

The proportion of

the fund’s holdings

that are held in

each of the three

basic types of

assets.



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ValueResearchFundcard-QuantumLongTermEquity-2011Jan06

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