Mutual Fund Highlights 10 Oct 2012

Forward Coming Dividends

Franklin Templeton Mutual Fund announces dividend for its scheme

Franklin Templeton Mutual Fund has announced dividend under Franklin Infotech Fund and FT India Dynamic PE Ratio Fund of Funds. The quantum of dividend for distribution under Franklin Infotech will be Rs. 1 per unit. Accordingly, for FT India Dynamic PE Ratio Fund of Funds, under Individuals and HUF will be Rs. 0.440 per unit and for others it will be Rs. 0.377 on the face value of Rs. 10 per unit. The record date for dividend distribution is 12th October 2012.

Revision Of Exit Load

IDFC Mutual Fund revises exit load under IDFC Super Saver Income Fund-Short Term

IDFC Mutual Fund has announced to revise exit load structure under IDFC Super Saver Income Fund-Short Term. Accordingly, an exit load of 0.50% will be charged if units are redeemed or switched out within 3 months from the date of allotment. The revised exit load structure will be effective from 8th October 2012.

SBI Mutual Fund revises exit load under SBI Short Horizon Debt Fund-Short Term Fund

SBI Mutual Fund has announced to revise exit load structure under SBI Short Horizon Debt Fund-Short Term Fund. Accordingly, an exit load of 0.25% will be charged if units are redeemed or switched out within 75 days from the date of allotment. The above change in load structure will be applicable on all prospective investments made on and after 5 October 2012.

Change In Key Personnel

Principal Mutual announces change in Key Personnel

Principal Mutual Fund has announced that Mr. Alok Vij, Independent Director has resigned from the services of the company and ceases to be the Director from the board of Principal Pnb Asset Management Company Ltd. This will be effective from 21st September 2012.

Fund House Actions

BNP Paribas Mutual Fund announces change under its schemes

BNP Paribas Mutual Fund has announced that minimum amount/units of redemption/switch out from BNP Paribas Bond Fund, BNP Paribas Short Term Income Fund, BNP Paribas Flexi Debt Fund, BNP Paribas Money Plus Fund and BNP Paribas Overnight Fund (surviving plans/schemes) shall be Rs 1000 and in multiples of Rs 1 thereafter or a minimum of 100 units (unless redemption request is for all units).

TOP PERFORMING MUTUAL FUNDS AS ON 10 OCT’2012:

TOP 3 LIQUID SCHEMS  {1 Month}

% Return

1 Tata Liquidity Management Fund – Growth

            0.9288

2. Escorts Liquid Plan – Growth

0.7501

3. Principal Retail Money Manger Fund – Growth

0.7466

TOP 3 Floating Rate Schemes {1 Month}

% Return

1. ICICI Prudential Corporate Bond Fund – Plan B – Growth

1.3224

2. ICICI Prudential Corporate Bond Fund – Growth

1.3094

3. DSP Black Rock Income Opportunities Fund – IP – Growth

0.8702

TOP 3 Short Term Income Plans {1 Month}

% Return

1. SBI SHDF – Short Term – Ret – Growth

1,1362

2. HDFC HIF – STP – GROWTH

1,0957

3. IDFC SSICF MTP – PLAN – A – GROWTH

1,0942

TOP 3 Short Term Income Plans {1Year}

% Return

1. KOTAK BANK DEPOSIT – GROWTH

13.8977

2 Kotak Bond Scheme – Plan A – Growth

13,8873

3 SBI Dynamic Bond Fund – Growth

13,123

Top 3 Tax Schemes (1 Year)

% Return

1 Principal Tax Savings Fund

24,0989

2 HSBC Tax Saver Equity Fund – Growth

24,1127

3 Reliance Tax Saver (ELSS) Fund – Growth

23,6970

Top 3 Equity Schemes (1 Year)

% Return

1 ICICI Prudential Discovery Fund – Growth

28.7832

2 Reliance Equity Opportunities Fund – Growth

28.0175

3 Principal Emerging Blue-chip Fund – Growth

27.2414

Top 3 Balanced Schemes (1 Year)

% Return

1 Reliance RSF – Balanced – Growth

22.4192

2 Tata Balanced Fund

20.9351

3 ICICI Prudential Balanced

19.3823

Top 3 MIP Schemes (1 Year}

% Return

1. Axis Triple Advantage Fund

15.3591

2 DSP Black Rock MIP Fund

14,2030

3 HSBC MIP

13,9428

Disclaimer: The information contained in this report has been obtained from sources considered to be authentic and reliable. However, Profit Krishna Advisory Services. is not responsible for any error or inaccuracy or for any losses suffered on account of information contained in this report. This report does not purport to be an offer for purchase and sale of mutual fund units. © Profit Krishna Advisory Services. 2012. All rights reserved.

 

Overseas Market View – FII Data

  • The US markets ended narrowly mixed in lackluster trading, with the Dow breaking a four-day winning streak, as investors digested a better-than-expected jobless claims report against waning optimism over the ECB to tackle the region’s debt crisis. Nevertheless, the 5 day rally on the S&P 500 has helped it move nearly 10% higher from the lows of early June.
  • Dow Jones Industrial Average was down 0.08% or 10.45 points at 13165.19. Nasdaq Composite was up 0.25% or 7.39 points at 3018.64. Standard & Poor’s 500 was up 0.04% or 0.58 points at 1402.8.
  • On economic data front, weekly jobless claims unexpectedly fell last week, slipping 6,000 to a seasonally adjusted 361,000. Trade deficit narrowed in June as lower oil prices curbed imports. And wholesale inventories in June posted their steepest decline since September.
  • In key data to watch out for in US today, data may show that export prices declined by 0.1% versus the 1.7% plunge in June. Meanwhile, import prices could see a 0.2% rise for the month of June.
  • In the currency space, the euro slips below 1.23 to the dollar as traders booked profits on recent gains.
  • In commodities, crude prices gain with Brent above USD 113 levels lifted by stronger-than-expected economic data in the US and a lower outlook for North Sea Brent production.
  • From the precious metals, gold prices gain on fresh stimulus hopes in China.
  • Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 0.79% at USD 18.6, Infosys was up 0.34% at USD 41.59 and Wipro was up 0.25% at USD 8.07.
  • In the Telecom space, MTNL was up 2.54% at USD 1.21 and Tata Communication was down 1.49% at USD 8.58. In the Banking space, HDFC Bank was up 0.06% at USD 35.32 and ICICI Bank was down 0.4% at USD 34.97.
  • In the other space, Sterlite was up 3.1% at USD 7.99, Dr Reddys was down 0.73% at USD 29.9 and Tata Motors was down 3.57% at USD 21.34.

F&O cues:

  • Nifty options suggest market range of 5200-5400
  • Total Puts add 6.7 lakh shares in Open Interest
  • Total Calls add 17.6 lakh shares in Open Interest
  • Highest OI buildup seen in 5000 Put & 5500 Call
  • 5000 Put sheds 94K shares in Open Interest
  • 5500 Call sheds 3.7 lakh shares in Open Interest
  • 5400 Call adds 6.3 lakh shares in Open Interest
  • 5300 Put adds 1.8 lakh shares in Open Interest
  • 5100 Put adds 1.1 lakh shares in Open Interest
  • Total Nifty Futures added 3.3 lakh shares in OI.
  • Stock Futures adds 93.3 lakh shares in OI
  • Nifty PCR fell to 1.15 from 1.17.
  • India VIX closed at 16.33 down by 0.24%
  • FIIs in F&O on August 09
  • FIIs net buy Rs 27 cr in Index Futures; Index Futures Open Int Contracts up by 15419
  • FIIs net buy Rs 438 cr in Index Options; Index Options Open Int Contracts up by 42998
  • FIIs net sell Rs 331 cr in Stock Futures; Stock Futures Open Int Contracts up by 24381

Market Outlook: Nifty Levels for 02 August’2012

The Bse Index Closes on Wednesday at 17257 up 21 Points or +0.12% and the Nifty fasten store at 5240, up 11 points from the previous close or +0.22%. The CNX Midcap index was up 0.9% while the BSE Small cap index gains 1.1% in Yesterdays Trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE.

The markets clogged with restrained gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. Top Gainers in Yesterday’s Trade were Cipla, Kotak Mahindra Bank, Ambuja Cement and JP Associates & Losers were Coal India, Sesa Goa,Ongc and Hero Motocorp.

Stock Cipher:

  • Delta Corp Q1 cons net profit at Rs 16.1 cr vs Rs 11.8 cr (YoY); cons net sales at Rs 72 cr vs Rs 91.2 cr (YoY).
  • Karvy has filed a forgery case against Deccan Chronicle.
  • IDBI Q1FY13 YoY Net Profit at Rs.427.3 Cr vs Rs.335 Cr; NII at Rs.1270.6 Cr Vs Rs.1211 Cr.
  • Godrej Properties will be developing 1.85 lakh sq ft Ghatkopar Township.
  • 3i Infotech has allotted 2.14 cr shares at Rs 19.74/share as per CDR (Corporate Debt Restructure) package to various lenders.
  • EID Parry Q1FY13 YoY Consolidated Net Profit at Rs.106 Cr Vs Rs.95.5 Cr; Net Sales at Rs.2,666.3 Cr Vs Rs.2,489 Cr.
  • Uninor decides to auction its mobile services business and ancillary operations in various circles; Unitech nominees on the board have opposed the auction.
  • State-owned oil companies hike ATF prices by average Rs 2876.75/kl.
  • Maruti Suzuki July total sales up 9.2% at 82,234 Units (YoY). Domestic Sales at 71,024 Units Vs 66,504 Units (YoY). Exports at 11,210 Units Vs 8,796 Units (YoY). Dzire Sales at 11,413 Units Vs 3,021 Units (YoY).
  • Orissa Minerals Development Company is planning for a bonus share issue and stock split on August 9. The company is looking forward for meger of Bisra Stone Lime with itself on August 9.
  • PVR Q1 cons net profit at Rs 7.6 cr vs loss Rs 13.2 cr (QoQ); cons net sales at Rs 176 cr vs Rs 117.7 cr (QoQ).
  • Adani Power Q1 cons net loss at Rs 810 cr Vs Rs 181 cr profit (YoY); cons net sales at Rs 1,502 cr Vs Rs 855 cr (YoY).
  • M&M July Sales: Total Sales at 47,059 Vs 39,633 units (YoY).
  • Cipla has got US FDA nod for Insomnia drug ambient generic.
  • July Auto Sales Tata Motors:
    Total Sales (GU)15% at 74,159 at units (YoY)
    Domestic Sales (GU)18% at 68,627 at units (YoY)
    PV Sales (GU)53% at 26,240 at units (YoY)
    Nano Sales at 5,485 at units Vs 3,260 at units (YoY)
    Exports at 5,532 at units Vs 6,512 at units (YoY)
  • Orient Paper Q1 net profit at Rs 48.9 cr vs Rs 59.4 cr (YoY); net sales at Rs 657 cr vs Rs 524 cr (YoY)
  • Jaypee Infra Q1 net profit at Rs 209 cr vs Rs 238 cr (YoY); net sales at Rs 678 cr vs Rs 617 cr (YoY),
  • CEAT Q1 cons net profit at Rs 29 cr vs loss of Rs 41 cr (YoY); cons net sales at Rs 1,225 cr vs Rs 1,110.5 cr (YoY).
  • Eicher Motor July Auto Sales: Total Bus, Truck Sales (Reduced) 13.2% at 3,602 Units (YoY).
  • GSK Consumer Q2 net profit at Rs 106.6 cr Vs Rs 82.5 cr, net sales at Rs 729.7 cr Vs Rs 653.4 cr (YoY).

Last Close at 5240 up 11 points, Last High at 5246 Low at 5212, Weekly High at 5246 and low at 5032 and 5 DMA at 5162, 20 DMA at 5213, 50 DMA at 5128 and 200 DMA at 5105.

5-Days Relative Strength Index at 68 and 14-Days Relative Strength Index at 56. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5222 and below this level mark next support is seen at 5200 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 02 Aug’2012:

Buy Nifty August Future above 5266 Sl 5244 Tgt 5288-5311 {Or} Sell Nifty August Future below 5222 Sl 5244 Tgt 5200-5177.

Market Outlook: Nifty Levels for 01 August’2012

The Bse Index Closes on Tuesday at 17236 up 92 Points or +0.54% and the Nifty fasten store at 5229, up 29 points from the previous close or +0.56%. The CNX Midcap index was up 0.4% while the BSE Small cap index gains 0.1% in Tuesday’s Trade. The market breadth was positive with advances at 741 against declines of 657 on the NSE.

The markets finished a smart recovery in the afternoon to close with temperate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in yesterday’s session and IT and healthcare, too, gained significantly. Top Gainers in Yesterday’s Trade were Grasim, Ongc, Dlf and Sterlite Industries & Losers were Bharti Airtel, Hero Motocorp, Jindal Steel and Bank of Baroda.

Stock Cipher:

  • Hexaware Q2 net profit at Rs 89 cr vs Rs 88.4 cr (QoQ).
  • Competition Commission of India (CCI) has imposed a penalty of Rs 397.5 cr on Shree Cement for indulging in restrictive trade practices.
  • Deccan Chronicle has pledged 14.5% stake of the company to Religare Finvest. Earlier, it had pledged 54% to Future Capital.
  • Coal India board will be meeting on Tuesday to discuss FSAs (fuel supply agreement) with Power companies.
  • First source Solutions Q1 net profit up 25.6% at Rs 29 cr (QoQ); Revenues up 8.6% at Rs 675.2 cr vs Rs 621.8 cr (QoQ).
  • Bharti Airtel is planning to issue new shares to the public or Qualified Foreign Investors (QFI).
  • Gulf Oil India has signed a development agreement with Hinduja Estates for 76 acre Hyderabad land.
  • Rare Enterprises buys 25 lakh shares of SpiceJet; stock up 8%.
  • Suzlon Energy has bagged orders of worth 247 million Euro.
  • Sun TV in distribution pact with Arasu Cable.
  • Zydus Cadila receives tentative US FDA nod for Aripiprazole tablets.
  • Karur Vysya Bank Q1 Net Profit at Rs 146 cr Vs Rs 117 cr (YoY).
  • Titan Q1 net profit at Rs 156 cr vs 143.3 cr (YoY); total income at Rs 2,231 cr vs Rs 2,020 cr (YoY).
  • Petronet LNG Q1 Net Profit at Rs 271 cr Vs Rs 245.1 cr (QoQ).
  • Cipla Q1 net profit at Rs 400.7 cr vs Rs 253 cr (YoY); net sales at Rs 1917.4 cr vs Rs 1591 cr (YoY).
  • RBI leaves the Repo Rates as it is.

Last Close at 5229 up 30 points, Last High at 5234 Low at 5154, Weekly High at 5234 and low at 5032 and 5 DMA at 5136, 20 DMA at 5216, 50 DMA at 5119 and 200 DMA at 5103.

5-Days Relative Strength Index at 61 and 14-Days Relative Strength Index at 55. It Indicates Nifty Placed in BULLISH precinct.

NIFTY {5229}: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5200 and below this level mark next support is seen at 5177 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 01 Aug’2012:

Buy Nifty August Future above 5245 Sl 5222 Tgt 5266-5288 {Or} Sell Nifty August Future below 5200 Sl 5222 Tgt 5177-5155.

Market Outlook: Nifty Levels for 31 JULY’2012

The Bse Index Closes on Monday at 17144 up 304 Points or +1.81% and the Nifty shut shop at 5200, up 100 points from the previous close or +1.96%. The CNX Midcap index was up 1.7% while the BSE Small cap index gain 1.3% in Mondays Trade. The market breadth was positive with advances at 953 against declines of 491 on the NSE.

The markets made vigorous gains on Yesterday with all sectoral indices closing in the green. Realty, power, banking and capital goods were the best performers in Yesterday’s session and metal, consumer durables and auto, too, closed with substantial upside. Top Gainers in Yesterday’s Trade were Relaince Infra, JP Assosiates, Cairn India and Idfc & Losers were Ambuja Cement, Hul, Hcl Tech and Ongc.

Stock Cipher:

  • HDFC Q1FY13 consolidated YoY net profit at Rs 1275.8 cr vs Rs 1020 cr; Income from operations at Rs 5123 cr vs Rs 3990.3 cr .
  • Maruti Suzuki Q1FY13 YoY Net Profit at Rs 423.8 cr vs Rs 549.2 cr; Net Sales at Rs 10,529.2 cr vs Rs 8,256.6 cr.
  • Nestle India Q2FY13 YoY net profit at Rs 246 cr Vs Rs 213.8 cr (YoY); net sales at Rs 1,986.6 cr Vs Rs 1,763 cr (YoY) and repay interim dividend at 18/Share.
  • McLeod Russel Q1FY13 YoY Net Profit at Rs 19.3 cr Vs Rs 37.3 cr; Net Sales at Rs 143 cr Vs Rs 145.3 cr.
  • Motilal Oswal Fin Q1FY13 consolidated (YoY) net profit at Rs 20.2 cr vs Rs 21.2 cr; Income from operations at Rs 104.2 cr vs Rs 106.2 cr.
  • Thomas Cook India Q1FY13 Consolidated YoY Net Profit at Rs 31 cr vs Rs 21.5 cr; Net Sales at Rs 128 cr vs Rs 106 cr.
  • Alstom T&D India Q1FY13 YoY Net Profit at Rs 23 cr vs Rs 18 cr; Net Sales at Rs 671 cr vs Rs 663 cr .
  • Punjab & Sind Bank Q1FY13 YoY Net Profit at Rs 24 cr vs Rs 64.1 cr; NII at Rs 369 cr vs Rs 351 cr.
  • Grasim Q1 consolidated YoY Net Profit at Rs 718 cr vs Rs 751.7 cr; Total Income at Rs 6832 cr vs Rs 5907 cr.
  • United Spirits Q1FY13 YoY net profit at Rs 144.9 cr vs Rs 137.7 cr; net sales at Rs 2057.2 cr vs Rs 1935.4 cr.
  • Birla Corp Q1FY13 YoY Net Profit at Rs 84.74 cr vs Rs 111.9 cr; Income from ops at Rs 668.2 cr vs Rs 563.9 cr.
  • Bank of Baroda Q1 Net Profit at Rs 1,139 Cr Vs Rs 1,033 Cr (YoY).
  • Oriental Bank Q1 Net Profit at Rs 391 cr Vs Rs 355 cr (YoY); NII at Rs 1,126 cr Vs Rs 1,018 cr (YoY).
  • Allahabad Bank Q1 Net Profit at Rs 514 Cr Vs Rs 418 Cr (YoY).
  • Muthoot Finance Q1 Net Profit at Rs 246 Cr Vs Rs 190 Cr (YoY).
  • Indian Oil Bank Q1 net profit at Rs 233.4 cr vs Rs 205.5 cr (YoY); NII at Rs 1328 cr vs Rs 1187.5 cr (YoY)
  • Spice Jet Q1 net profit at Rs 56.2 cr vs loss of Rs 72 cr.
  • Havells India Q1 net profit at Rs 80 cr vs Rs 64.8 cr (YoY); net sales at Rs 1032.8 cr vs Rs 822.37 cr (YoY).
  • Sadbhav Engineering Q1 Net Profit at Rs 52.4 Cr Vs Rs 33.8 Cr (YoY); Total Income at Rs 421.5 Cr Vs Rs 612.9 Cr (YoY).
  • Sadbhav Engineering Q1 Net Profit at Rs 52.4 Cr Vs Rs 33.8 Cr (YoY); Total Income at Rs 421.5 Cr Vs Rs 612.9 Cr (YoY).

Last Close at 5199 up 100 points, Last High at 5206 Low at 5129, Weekly High at 5257 and low at 5032 and 5 DMA at 5116, 20 DMA at 5219, 50 DMA at 5112 and 200 DMA at 5102.

5-Days Relative Strength Index at 61 and 14-Days Relative Strength Index at 53. It Indicates Nifty Placed in BULLISH precinct.

NIFTY {5200}: RESISTANCE @ It has the First resistance close to the level 5222 and above the level marks the track point at 5244 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5177 and below this level mark next support is seen at 5155 later dipping levels near 5111 marks.

NIFTY FUT MOMENTUM CALLS FOR 31 Jul’2012:

Buy Nifty August Future above 5222 Sl 5200 Tgt 5244-5266 {Or} Sell Nifty August Future below 5177 Sl 5200 Tgt 5155-5133.