German CPI Number Scoops Crude

Crude oil along with the other major riskier asset commodities like bullion and base metals recorded healthy gains in yesterday’s session, with the January expiry contract for delivery at the NYMEX jumping nearly $1.2 or 1.2%, closing at $98.50 per barrel. In the Indian markets, oil prices largely followed a similar movement wherein MCX Crude jumped nearly 1% to close at Rs 6011 per barrel.

The broader commodity markets including crude saw a healthy increase in yesterday’s afternoon session despite the lack of any major economic cues. We maintained a moderately bullish stance on crude prices ahead of the weekly inventory number and, we did not expect a sudden burst in prices during the European session. Later in the evening though, trading was dull as the markets lacked any major trigger for further movements.

For crude oil, the private sector major API published its weekly inventory report wherein the agency said that crude stocks fell 7.5 million barrels for the week ended December 6, its second continuous fall and a cumulative drop of around 20 million barrels. The inherent fundamentals though stand negative as gasoline stocks climbed over 6.2 million barrels while distillate fuel inventories also rose by a million barrels. Today, the more important US department of energy is likely to publish its own report while Bloomberg estimates showed a fall in crude stocks by nearly 3 million barrels. We are not very optimistic about the inventory report from the DoE as has also been the case with the API whose headline number was solid, though the internals don’t support the move and, the same can be witnessed in early Asian trade where crude is just holding on to its level from yesterday.

In other global markets cues, US equity markets posted a negative overnight close and so, the Asian markets are following the same trend this morning. We could say that it’s merely due to the impression of a gradual tapering of the bond buying programme post the economic data released from the US coming in better than expected, especially the NFP holding above 200,000 jobs towards the non-farm sector. We urge to hold such a stance post the US 10-year bond yield falling sharply from 2.92% to 2.80% and the US dollar index trading near 80.00. There are no major economic data expected today except the German CPI number.

Looking at crude oil, prices remain well above the $98 mark this morning the any kind of positive impact from the API released late night (IST) is missing. Overall as said, most of rise in prices backed by inventory data is priced-in wherein oil markets need fresh and major trigger to enhance the yesterday’s gains. In the evening session the DOE petroleum inventory data would be critical for direction in short-term. We believe that oil may remain higher but gains could be minimal.



BUY GOLD MCX FEB ABOVE 29590 SL 29541 TGT 29655


DATE TIME Region Event of the Day Period Survey Prior
11.12.13 05:20 JN Machine Orders MoM Oct 0.70% -2.10%
11.12.13 12:30 GE CPI MoM Nov F 0.20% 0.20%
11.12.13 12:30 GE CPI EU Harmo. MoM Nov F .20% 0.20%
11.12.13 17:30 US MBA Mortgage Appli. Dec-06 -12.80%

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Fund Snap Shot & Benefits

Uti Equity Fund is a Scheme to invest at least 80% of its funds in equity and equity related instrument with medium to high risk profile and up to 20% in debt and money market instruments with low to medium risk profile.

Investment Option

  • It is an Open-Ended scheme the minimum investment is Rs. 5,000 {Multiples of Rs. 1/- thereafter}
  • Systematic Investment Plan {S.I.P} Rs. 5,00/-

Load Structure

Entry load – Nil

Exit load: 1% If Exit before 12 months.

This Fund Offers Investment in Growth, Dividend, Dividend Re-Investment Options

Funding Structure:

Uti Equity Fund Starts with time lock period on May 1992 named as Master Gain Funs-92, Later 1997 it converts to Open-Ended Scheme and renamed as Uti Equity Fund. As below we can seen they investment as per companies wise

01 Tcs 6.61%
02 Infosyis 6.11%
03 Itc 5.87%
04 Reliance 5.36%
05 Hdfc Bank 4.40%
06 Sun Pharma 4.07%
07 Icici Bank 3.63%
08 Bharti Airtel 3.20%
09 Nestle 2.58%
10 Wipro 2.51%

We can see ALLOCATION OF FUNDS IN SECTOIAL WISE {as on 30 Sep’2013}.





Capital Goods












Information & Technology








Fund Returns

This fund is purely equity mutual fund we can expect best returns in long term investment. As Uti Equity Fund low to medium risk indicates Brown Color. Those who invest in growth option for a period of 5 years gives good benefits in this fund portfolio as see below

  • From Fund Stating Date to till today the fund given returns: 15.77%
  • Past 5 Years the fund given returns: 21.7%
  • Past 3 Years the fund given returns: 3.3%
  • Past 1 Year the fund given returns: 7.5%
  • As per 52 weeks NAV on 04 January’2013 the fund recorded Highest NAV recorded for this fund is 63.36
  • The Lowest NAV recorded for this fund is 50.79 as on 04 June’2012.

Investing thorough Systematic Investment Plan (SIP) of Rs. 2000 from October 2003 till we invest today Rs.2,42,000 on average. Today He got 4,77,055 in Hand.

Fund Details

Date of Announce: 18 May’1992

Fund Manager:  Mr. Anoop Bhaskar

Nav: Growth Option: 64.27; Dividend Option: 55.35 {As Per 25 Oct’2013}

Fund Type: Open-Ended

Bench Mark: S&P BSE 100

Amount in Funding: Rs. 2,225.85 Crores {As on 30 September’2013}

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Risk in Mutual Funds is preferred as below

(BLUE) Investors recognize that their principal will be at low risk.

(YELLOW) Investors recognize that their principal will be at medium risk.

(BROWN) Investors recognize that their principal will be at high risk.