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WISE M NEYA Weekly Update from SMC
(For private circulation only)
MAY THE JOYOUS HARVEST SEASON BRINGSTO YOU HAPPINESS & PROSPERITY.
HAPPY LOHRI, PONGAL & MAKAR SAKRANTI
2017: Issue 561, Week: 09th -12th January
Bra
nd
sm
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85
From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
n the week gone by, U.S Federal Reserve last monetary policy minutes revealed that the
fiscal policy was heavily discussed among members and most of the committee Imembers reiterated that gradual pace of interest rate hike in the coming years would
be appropriate Both U.S. dollar and yield saw some weakness as market participants are of
the opinion that markets have perhaps well discounted that newly elected Donald Trump
policies and U.S. Federal Reserve future actions in an environment where uncertainty still
prevails. Meanwhile, growth in China's services sector accelerated to a 17-month high in
December. Oil prices rose on expectations that U.S. crude inventories are falling and signs
that oil producers will stick to agreed output cuts that took effect this week.
Back at home, ahead of the elections in five states, many opposition parties have moved to
election commission to postpone the presentation of Union Budget on February 1 as five
states are going in for polls beginning from February 4 and ending on March 8. The Eight
Core Industries comprise nearly 38 % of the weight of items included in the Index of
Industrial Production (IIP) growth came at 4.9% for the month of November compared to
6.6% recorded in prior month. One may attribute the lower growth to the impact of the cash
crunch triggered by the demonetisation exercise, however whole impact would be visible
only when the numbers for the month of December will be released. Information
Technology stocks saw sell off after U.S. lawmakers reintroduced a bill in the U.S. Congress
to curb the use of H-1B visas. They have proposed changes to the H-1B visa, including
increasing the minimum salary to $100,000 per annum and eliminating the master's degree
exemption in order to protect and grow American Jobs. Foreign institutional investors
largely remained on the sell side of the markets.
On the commodity market front, it was an average week. Counters such as bullion, oil seeds
and base metals performed well whereas energy and other counter traded with dovish
sentiments. Bullion counter witnessed lower level buying in first week of 2017, which is
expected to continue further as decline in greenback can give further support but upside
will remain limited on expectations of more rate hikes by the U.S. Federal Reserve this year.
Gold can face resistance of $1220 in COMEX and 28500 in MCX while it has support near
$1150 in COMEX and $27500 in MCX. Last week castor futures launched both in MCX and
NCDEX, which is a welcome gift for investors from SEBI. Crude oil upside momentum may
persist further as members countries of OPEC are adhering to the decision of production cut
which was decided in last meeting. New Yuan Loans ̧ CPI of China, Advance Retail Sales and
U. of Michigan Confidence are some important data scheduled this week.
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
SMC GLOBAL SECURITIES LTD.
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NEWS
DOMESTIC NEWSInformation Technology• Wipro announced that its Digital TV Middleware Solution has successfully
enabled Hisense 4K TVs in Japan. Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.
• HCL Technologies has completed its $85 million acquisition of Butler America Aerospace. The all-cash deal, announced in October in 2016, will strengthen HCL Technologies' position in the aerospace and defence engineering services space.
• Tata Elxsi announced its partnership with DiSTI Corporation Florida, USA, the creators of user interface tool, GL Studio. This partnership will help the continued effort to provide bestin-class user interface solutions to the Company's automotive clients delivering high end HMI design, innovative and appealing visual content for futuristic displays in vehicles.
Pharmaceuticals• Piramal Enterprises announced that the Company's wholly owned subsidiary,
Piramal Finance ('PFL') is in the business of providing financial services. In line with the Company's growth plans, PFL will now be making an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary.
• Wockhardt said German regulator has issued European Union Good Manufacturing Practice certificate to the company's Ankaleshwar facility in Gujarat. The certificate issued in this regard is valid for three years.
• Sun Pharma has announced successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease. Following the acquisition, Sun Pharma owns exclusive, worldwide rights to Seciera and is developing it to commercialise for global markets including US, Europe, and Japan, as well as several emerging markets.
Capital Goods• G E Power India has been awarded a contract by NTPC ALSTOM Power
Services (a 50:50 JV between NTPC and GE) of approximately `198.8 crore (approximately USD 29.22 million) for steam turbine upgrade project at NTPC's Ramagundam Super Thermal Power plant in the State of Telangana. The Company's scope of work consists of supply of Steam Turbine Module, its auxillaries, Turbine controller and spares including supervision of erection, commissioning and testing.
Media/ Entertainment• Entertainment Network (India) has commenced broadcast from its 3rd radio
station at Hyderabad (3rd channel – 104 FM - acquired under Phase 3 auctions held last financial year). The 3rd channel has been branded "Mirchi Love". ENIL is the only broadcaster to have 3 stations in any city in India.
Distilleries• Som Distilleries & Breweries announced that the Company is promoting a
brewery in Karnataka in the name of Woodpecker Distilleries and Breweries Private Limited and the establishment and construction of Brewery plant at Karnataka is on schedule. The company has already availed required Licenses, permission and approvals from Statutory departments and shall be starting its production in the month of June / July 2017 approximately.
Oil & Gas• Petronet has signed an agreement to set up a $950 million liquefied natural
gas import project in Bangladesh. Petronet signed a MoU with with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox's Bazar and lay a 26-km pipline to connect it to the consumption markets.
Telecom• Bharti Airtel Ltd, India's top wireless carrier, would offer free data to woo
new and existing 4G customers, intensifying a price war in the sector and sending share prices tumbling.
INTERNATIONAL NEWS• US construction spending climbed by 0.9 percent to an annual rate of $1.182
trillion in November from the revised October estimate of $1.171 trillion. Spending had been expected to rise by 0.6 percent. With the bigger than expected increase, construction spending rose to its highest annual rate since reaching $1.192 trillion in April of 2006.
• US initial jobless claims dropped to 235,000, a decrease of 28,000 from the previous week's revised level of 263,000. Economists had expected jobless claims to edge down to 260,000 from the 265,000 originally reported for the previous week.
• US non-manufacturing index came in at 57.2 in December, unchanged from the November figure. A reading above 50 indicates growth in the service sector. Economists had expected the non-manufacturing index to show a modest decrease, with the consensus estimate calling for a reading of 56.8.
• Eurozone producer prices gained unexpectedly by 0.1 percent in November from prior year, following a 0.4 percent drop in October. This was the first annual increase since June 2013, when prices rose 0.2 percent. Economists had forecast a 0.1 percent drop in producer prices in November.
Meeting Date Co_Name Purpose
10-Jan-17 IndusInd Bank Quarterly Results
11-Jan-17 South Ind.Bank Quarterly Results
12-Jan-17 NHPC Ltd Interim Dividend
13-Jan-17 Infosys Quarterly Results
17-Jan-17 Havells India Quarterly Results
17-Jan-17 NIIT Tech. Quarterly Results
18-Jan-17 KPIT Tech. Quarterly Results
19-Jan-17 Axis Bank Quarterly Results
19-Jan-17 Federal Bank Quarterly Results
19-Jan-17 Mindtree Quarterly Results, Interim Dividend
21-Jan-17 Amara Raja Batt. Quarterly Results
23-Jan-17 Bharti Infra. Quarterly Results
24-Jan-17 Bharat Financial Quarterly Results
24-Jan-17 Biocon Quarterly Results
24-Jan-17 HDFC Bank Quarterly Results
24-Jan-17 Karnataka Bank Quarterly Results
24-Jan-17 M & M Fin. Serv. Accounts, Quarterly Results
24-Jan-17 TVS Motor Co. Quarterly Results
25-Jan-17 IDFC Bank Quarterly Results
25-Jan-17 Kotak Mah. Bank Quarterly Results
27-Jan-17 Bharat Electron Quarterly Results, Interim Dividend
30-Jan-17 Bajaj Fin. Quarterly Results
30-Jan-17 Godrej Consumer Quarterly Results, Interim Dividend
30-Jan-17 H D F C Quarterly Results
30-Jan-17 Tech Mahindra Quarterly Results
31-Jan-17 Bajaj Auto Quarterly Results
31-Jan-17 Cadila Health. Quarterly Results
31-Jan-17 Dabur India Quarterly Results
31-Jan-17 I D F C Quarterly Results
31-Jan-17 ICICI Bank Quarterly 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
S&P BSE SENSEX 26759 DOWN 18.11.16 25627 27000 27554
NIFTY50 8244 DOWN 18.11.16 7850 8300 8450
NIFTY IT 10110 UP 30.12.16 10399 10000 9800
NIFTY BANK 18264 DOWN 25.11.16 18507 18800 19200
ACC 1334 Down 21.10.16 1566 1370 1400
BHARTIAIRTEL 320 Down 12.08.16 348 320 325
BHEL 126 Down 14.10.16 133 130 135
CIPLA* 583 Down 04.11.16 545 - 590
SBIN** 246 UP 02.12.16 254 - 240
HINDALCO 161 DOWN 23.12.16 159 168 175
ICICI BANK 258 UP 21.10.16 277 255 250
INFOSYS 972 DOWN 15.07.16 1073 1020 1040
ITC*** 243 Down 18.11.16 228 - 245
L&T 1391 Down 11.11.16 1389 1400 1430
MARUTI 5616 UP 06.01.17 5616 5200 5100
NTPC 164 UP 09.12.16 164 155 150
ONGC 203 UP 19.08.16 242 190 183
RELIANCE 1075 UP 30.12.16 1082 1030 1020
TATASTEEL 420 UP 04.03.16 289 395 380
S/l
4
Closing as on 06-01-2017*Cipla has breached the Resistance of 580**SBIN has broken the support of 250***ITC has breached the resistance of 240
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
FMCGHealthcare
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
5
SMC Trend
Nifty Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
-678.87
-347.78
-553.03
-681.93
942.20
115.70
364.80
-800.00
-600.00
-400.00
-200.00
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
7.33 7.176.49
5.865.17
-3.64
-1.72 -1.72-1.41 -1.16
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
Adani Ports Tata Steel Tata Motors
Maruti Suzuki
Bharti Airtel
H D F C HDFC Bank St Bk of India
Infosys TCS
Adani Ports
Tata Steel
Tata Motors
Maruti Suzuki
Bharti Airtel
H D F C
HDFC Bank
St Bk of India
Infosys
TCS
7.977.17 7.10
6.395.93
-3.60-2.88
-1.94 -1.66 -1.60
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
Tata Motors -DVR
Tata Steel Adani Ports Tata Motors Maruti Suzuki H D F C Kotak Mah. Bank
St Bk of India HDFC Bank Bank of Baroda
1.080.95
2.70
3.71
3.20
1.78
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Next 50
S&P CNX 500
3.89
3.34
6.28
1.59
2.07
5.27
3.80
2.97
8.26
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
1.95
0.69
1.35
2.13
2.55
2.071.99
0.730.79
0.00
0.50
1.00
1.50
2.00
2.50
3.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline
6
HSIL LIMITED CMP: 284.25 Upside: 37%Target Price: 391.00
Investment Rationale and 6-10% growth for packaging division.?The Company operates in the building segment ?The management of the company also directs
and in the packaging segment. The Company weak outlook about its revenue estimates in building products grew by a strong 17.5% yoy led bui ld ing products in H2FY17 due to by steady growth across segments. Sanitary ware demonetization but on the positive note, also & faucets both grew in double digits led by retail expects healthy growth from FY18 led by traction segment. Tier-2 and Tier-3 cities are seeing in core business and new consumer appliance healthy growth traction aided by some corrective division, and with PVC pipes business to be steps in distribution taken by the company. commissioned from Q2FY18.
?The Company Packaging products division grew at Valuation12.5% yoy despite weak user industry demand The company has earmarked higher spends on (liquor). Moreover, it has ventured into Food & marketing, warehouse and channel management Beverages (F&B) industry which is seeing healthy pertaining to the consumer appliances segment which traction according to management. It will be would give good boost to the EBITDA margin till FY18. commercialized from Q4FY17 and will operate at However, margin sustenance and expansion thereafter full capacity from October'2017 where seasonally would further depend on higher revenue growth of there is a spurt in demand. consumer appliances division and mix improvement in
?During Q2 FY17, it has reported gross sales sanitary ware and building material segments. Thus, we increased by 18.5% to ̀ 506.75 crore. This was led expect the stock to see a price target of 391 in 8 to 10 by 17.5% & 12.5% yoy increased in Building month's time frame on a one year expected P/E of 17x products and packaging product respectively. Net and FY18 (E) earnings of 22.98.profit increased 8.4% to 31.5 crore, primarily due to 68% yoy decline in other income partly offset by 24% decline in finance cost.
?The Company will be entering into Plastic Piping business and related plant is expected to commence commerc ia l product ion in approximately 12 months. Moreover, it has entered into an arrangement with Sekisui Chemical Company Limited, Japan, for supply of CPVC resin – a key raw material manufactured by very few companies across the world.
?The management of the company guides long term growth in sanitation business pretty strong given fact that sanitation level in India is very low and government initiative for Swatch Bharat Abhiyan. The Company expects medium to long term growth of 15% for building products division
`
``
Face Value (`) 2.00
52 Week High/Low 369.50/224.00
M.Cap ( Cr.) 2055.03
EPS ( ) 11.55
P/E Ratio (times) 24.61
P/B Ratio (times) 1.49
Dividend Yield (%) 1.41
Stock Exchange BSE
`
`
% OF SHARE HOLDING
P/E Chart
` in cr
Actual EstimateFY Mar-16 FY Mar-17 FY Mar-18
Revenue 2,001.90 2,189.70 2,580.60EBITDA 315.20 340.90 403.10EBIT 195.00 210.10 302.10Pre-Tax Profit 157.30 175.30 236.70Net Income 89.04 121.20 156.80EPS 12.32 16.71 22.98BVPS 190.59 198.05 214.66ROE 6.60 8.50 9.50
VALUE PARAMETERS
Investment Rationale crore in Q2FY'17 as compared to corresponding •OIL is a premier Indian National Oil Company previous year period mainly because of 9% lower
engaged in the business of exploration, crude oil realisation in USD to USD 44.55 per barrel development and production of crude oil and as well as in 1% in rupee terms to 2983.07 per natural gas, transportation of crude oil and barrel led by nil subsidy during the quarter production of LPG. OIL also provides various E&P compared to USD 2.29 per barrel during Q2FY'16.related services and holds 26% equity in ValuationNumaligarh Refinery Limited. The Government of The Company has started diversification in non-India held 67.64% stake in Oil India as per the conventional energy sector in the form of wind and shareholding pattern as on 30 September 2016. solar power generation and in line with this, it
•The company has over one lakh sq km of proposes to install more solar and wind power plants petroleum exploration licence/mining lease in the coming years. Moreover, the company has also areas, most of it is in North Eastern parts of India, hired the services of M/s Mckinsey & Co., for which accounts for its majority of crude oil and preparing its long-term Perspective Plan (upto 2030) gas production. Moreover, Rajasthan is the other and to bring about necessary organizational major gas producing area, contributing to 10 per restructuring to achieve the objectives laid down in cent of its total gas production. the perspective plan. Thus, it is expected that the
•It had discovered natural gas in Jaisalmer sub- stock will see a price target of 582 in 8 to 10 months basin of Tanot fields and heavy oil in the Bikaner- time frame on a Expected P/E of 13 x and FY18 (E) Nagaur sub-basin in early nineties. Now, the earnings of 44.78.company has proposed to undertake development drilling of 20 wells in the Baghewala mining lease block and recently, for that already received the green nod for development drilling of 20 wells in Baghewala mining lease block in Jaisalmer district.
•The management of the company expects higher earnings in coming quarters from March 2017 onwards due to full capacity utilization of Paradip refinery and it could reach upto 150 lacs tonnes per annum (TPA). Moreover, recently it has inaugurated a 40 KW solar power plant, which will supply electricity to an eco-tourism project in Dibrugarh district.
•It has reported 8% decrease in topline to ̀ 2331.38
`
`
`
P/E Chart
OIL INDIA LIMITED CMP: 465.90 Upside: 25%Target Price: 582.00
Face Value (`) 10.00
52 Week High/Low 470.35/300.50
M.Cap ( Cr.) 28006.92
EPS ( ) 32.59
P/E Ratio (times) 14.30
P/B Ratio (times) 1.24
Dividend Yield (%) 3.43
Stock Exchange BSE
`
`
` in cr
% OF SHARE HOLDING
VALUE PARAMETERS
Actual Estimate
FY Mar-16 FY Mar-17 FY Mar-18
Revenue 9,384.70 9,610.10 10,992.00EBITDA 3,481.40 3,614.10 4,301.00EBIT 2,376.10 2,359.30 3,047.40Pre-Tax Profit 3,229.60 3,282.90 4,004.70Net Income 2,252.10 2,239.60 2,688.60EPS 37.47 37.01 44.78BVPS 374.99 390.58 416.38ROE 10.20 9.70 11.10
3.73
13.5
11.55
67.64
3.58 Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
11.21
24.67
2.91
47.66
13.56
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
EQUITY
Above calls are recommended with a time horizon of 1-2 months
Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.
SOURCE: CAPITAL LINE
The stock closed at `286.05 on 06th January 2017. It made a 52-week low at
169.15 on 12TH February 2016 and a 52-week high of 317 on 25TH October
2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 269.47.
As we can see on the charts, it made double bottom at lower levels in the first
quarter of 2016 and then never looked back despite weakness in the broader
index. Moreover, after every retracement it finally went in northward direction
and sustained on a higher note which shows its strength. Therefore, one can buy
above 287 levels for the upside target of 305-310 levels with SL below 278.
` `
`
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
The stock closed at 122.75 on 06th January 2017. It made a 52-week low at
89.05 on 12th February 2016 and a 52-week high of 139 on 06th January 2016.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at 114.62.
After making its 52 week low, it started accumulation at lower levels and
rebounded sharply with volumes. Moreover, oscillators have started moving
from oversold condition which will further push the scrip to move northwards in
coming weeks. Therefore, one can buy in the range of 119-120 levels for the
upside target of 126-128 levels with SL below 115.50.
`
` `
`
BGR ENERGY SYSTEMS LIMITED
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY)
The Market undertone remained bullish with support of positive international market and FII buying in the previous week. Nifty is trading near 8250 level and all
the major sectors like Banks, Metals, and Auto & FMCG are supporting the market trend. Sector rotation is likely to continue further. The January series started
with long rollover. The Implied Volatility (IV) of calls was down and closed at 12.82% while that for put options closed at 13.11%. The Nifty VIX for the week closed
at 15.05% and is expected to remain sideways. Overall market's cost-of-carry is up on the back of fresh long additions. Among Nifty Call options, the 8400-strike
call has the highest open interest of 45 lakh shares followed by the 8300-strike call which have OI of over 40 lakh shares. On put side, 8000-strike put has the
highest open interest of over 62 lakh shares in open interest respectively. The PCR OI for the week closed up at 1.22 from 1.17, which indicates OTM put writing.
On the technical front, 8100-8150 is strong support zone for Nifty and current trend is likely to continue upward towards 8350-8400.
In lakhs
In 10000 In 10000
CAIRN (JAN FUTURE)
Buy: Above `259
Target: `267
Stop loss: `255
WIPRO
BUY JAN 460. PUT 5.75SELL JAN 450. PUT 3.25
Lot size: 1200BEP: 457.50
Max. Profit: 9000.00 (7.50*1200)Max. Loss: 3000.00 (2.50*1200)
OPTIONSTRATEGY
FUTURE
MOTHERSUMI
BUY JAN 340. CALL 7.80SELL JAN 350. CALL 4.60
Lot size: 2500BEP: 343.20
Max. Profit: 17000.00 (6.80*2500)Max. Loss: 8000.00 (3.20*2500)
DERIVATIVE STRATEGIES
JUBLFOOD (JAN FUTURE)
Sell: Below `828
Target: `795
Stop loss: `846
BULLISH STRATEGY BEARISH STRATEGY
VEDL
BUY JAN 235. CALL 6.00SELL JAN 240. CALL 4.30
Lot size: 3500BEP: 236.70
Max. Profit: 11550.00 (3.30*3500)Max. Loss: 5950.00 (1.70*3500)
BEL (JAN FUTURE )
Sell: Below `1399
Target: `1342
Stop loss: `1428
Call Put
7.4
3
5.9
2
8.1
5
23
.00
23
.37
41
.73
35
.53
44
.57
37
.89
23
.13
18
.71
30
.45
31
.74
35
.89
62
.66
39
.85
43
.98
18
.02
11
.93
8.0
4
5.5
3
20
.19
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
7500 7800 7900 8000 8100 8200 8300 8400 8500 8600 9000
Call Put
-1.5
9
-0.3
5
-1.6
0
-3.0
4
-7.9
0
-1.0
2
3.7
2
10
.69
5.1
9
6.0
8
-0.9
2
10
.53
-0.0
7
-4.3
8
5.0
4
5.8
3
21
.09
9.2
2
1.2
0
-2.5
4
-0.8
3
-1.6
4
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
7500 7800 7900 8000 8100 8200 8300 8400 8500 8600 9000
Call Put
0.5
9 1.2
5
4.0
5
0.7
1
0.4
6
7.2
0 7.7
6
2.2
9
1.4
6
0.2
8
0.3
2
4.3
0
6.0
6 6.7
0
0.2
3
0.1
2
2.9
1
1.3
0
0.4
9
0.7
0
0.3
1
0.2
8
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
17000 17500 18000 18200 18300 18500 19000 19500 20000 20500 21000
Call Put
-0.3
3
1.5
1
16
.60
3.1
3
2.6
0
21
.74
34
.24
7.6
3
1.8
0
-0.5
0
0.2
5
18
.40
19
.92
16
.90
0.3
9
0.2
6
0.9
7
-0.2
5
-0.2
8
-0.1
4
-0.0
5
-0.1
0
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
17000 17500 18000 18200 18300 18500 19000 19500 20000 20500 21000
8
In lakhs
9
DERIVATIVES
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
05-Jan 04-Jan 03-Jan 02-Jan 30-Dec
Discount/Premium 14.40 13.55 4.25 12.60 1.60
PCR(OI) 1.22 1.20 1.20 1.19 1.17
PCR(VOL) 1.19 0.95 1.02 0.98 1.03
A/D RATIO(Nifty 50) 7.50 1.13 1.04 1.55 4.67
A/D RATIO(All FO Stock)* 7.94 1.14 1.44 3.94 3.69
Implied Volatality 12.82 14.07 14.16 13.96 13.42
VIX 15.05 15.89 15.96 15.83 15.83
HISTORY. VOL 15.58 15.30 15.78 16.26 16.77
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
05-Jan 04-Jan 03-Jan 02-Jan 30-Dec
Discount/Premium 21.55 50.85 25.35 64.70 18.35
PCR(OI) 0.87 0.89 0.95 1.00 1.00
PCR(VOL) 0.74 0.65 0.83 0.74 0.79
A/D RATIO(Nifty 50) 11.00 0.09 2.00 0.20 All Up
#A/D RATIO 21.00 0.22 4.50 1.00 6.33
Implied Volatality 17.94 19.32 18.85 19.50 18.04
VIX 15.05 15.89 15.96 15.83 15.83
FII’S ACTIVITY IN NIFTY FUTURE
**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
# All BANKING Future Stock
Top 10 short build upTop long build up
LTP % Price Change Open interest %OI Chng
NIITTECH 431.85 1.41% 687000 41.80%
DCBBANK 114.05 5.75% 2412000 36.73%
PCJEWELLER 409.1 8.82% 1009500 34.33%
SUNTV 534.45 8.31% 8800000 31.54%
CEATLTD 1196.2 2.74% 1520400 25.26%
HEXAWARE 210.15 1.08% 5025000 22.17%
IOC 348.75 8.83% 17454000 19.05%
HDIL 63.8 6.51% 27352000 18.84%
GODREJCP 1531.85 1.09% 677200 17.08%
PTC 78.7 6.64% 16408000 16.53%
LTP % Price Change Open interest %OI Chng
LICHSGFIN 524.9 -6.28% 9221300 50.07%
DIVISLAB 767 -2.35% 4230000 27.12%
KOTAKBANK 700.55 -2.82% 9475200 19.47%
SBIN 246.15 -1.50% 77793000 18.94%
HDFC 1221.45 -3.50% 10930500 13.95%
BANKBARODA 151.3 -1.24% 38752000 13.63%
ICIL 163.85 -0.43% 3734500 7.89%
COLPAL 901.45 -0.73% 602000 6.04%
BRITANNIA 2873.6 -0.77% 1132000 5.85%
BOSCHLTD 20982.1 -0.41% 76675 4.21%
In Cr. In Cr.
- 78
7
98
- 44
5
16
28
70
3
75
3
- 46
1
- 42
18
1
16
74
-1000
-500
0
500
1000
1500
2000
23-Dec 26-Dec 27-Dec 28-Dec 29-Dec 30-Dec 2-Jan 3-Jan 4-Jan 5-Jan
- 13
73
10
81
17
85
29
10
75
4
32
44
10
52
19
37
13
73
35
09
-2000
-1000
0
1000
2000
3000
4000
23-Dec 26-Dec 27-Dec 28-Dec 29-Dec 30-Dec 2-Jan 3-Jan 4-Jan 5-Jan
10
Turmeric futures (Apr) may take an attempt to break 6720 levels & fall further to test 6500 levels. The prospects of better crop this season may keep the upside capped. It is estimated that turmeric crop this season is likely to be around 70-75 lakh bags (70kg each) as against 45-50 lakh bags a year ago. Presently, poor inquiry is being witnessed from local, upcountry and overseas buyers as they have opted to wait and watch market condition in the anticipation that prices will correct in coming weeks. Jeera futures (Feb) is likely to stay stable & consolidate in the range of 16200-17200 levels. The market participants are in cautious mode & keeping a track of the sowing area. The latest statistics from state agriculture department of Gujarat show that cumin sowing as on January 2 stood at 2.78 lakh hectares as against 2.68 lakh hectares last year. Gujarat agriculture department in fourth advance estimate projected 2015-16 cumin seed crop at 2.38 lakh tonnes in 2.86 lakh hectares against yield of 833 kg per hectare. The downtrend of Coriander futures (Apr) will possibly get extended towards 7200 levels. The supplies are steadily flowing in the spot markets of Kota, whereas demand is not encouraging either domestic or overseas. The new coriander has started from surrounding regions in Kota and Ramganj market, but the quantity is very low and contains higher moisture, however it is likely to pick pace in next 15-20 days. Moreover, stockists are likely to off load their old material to make room for new crop. This season acreage in Rajasthan is expected to more or less around last year level, whereas it surged to record level in Gujarat.
SPICES
Soybean futures (Feb) is likely to remain trapped in the bearish zone & may witness a consolidation in the range of 2900-3150 levels. The reason is, the demand for soy meal is not improving as per market expectation and also crushing is in disparity which is discouraging crushers to buy soybean at higher level. On the contrary, supply is likely to be on lower side in coming days until the farmers have any financial needs. On the international market front, the sentiments are also bearish as the dollar has shot to a more than 14-year high and is being unfriendly for soybeans, because it make less affordable for overseas buyers. RM seed futures (Apr) is likely to consolidate in the range of 3800-4000 levels & any gains due to short covering can be utilized for selling from higher levels. The fundamentals are bearish for this oilseed due to a likely bumper crop and early arrivals of the new crop. This time, arrivals of fresh crop are expected to begin in the first week of February, a fortnight ahead of the usual time & it is seen that those mustard crop that are harvested early are mostly laden with high moisture content and fetch lower prices. Lastly, the absence of winter rains in the top producing state, Rajasthan, may raise concern over the quality and the output of the crop, and restrict upside. Ref. soy oil futures (Feb) may trade sideways in the range of 705-725 levels. At present, the demand is equally divided with other edible oil due to low price gap. Prices are also getting support as stocks at various ports of the country is around 1.30 lakh tonnes on December 26 against 1.63 lakh tonnes same period last year.
OIL AND OILSEEDS
OTHER COMMODITIES
Sugar futures (Mar) may trade sideways in the range of 3750-3900 levels. The market participants are waiting for the estimates of demand-supply, which will give further direction to the sweetener prices. ISMA (Indian Sugar Mills Association) will carry out its second advance estimate for sugar production in 2016-17, in later part of January, 2017, which will be based on satellite images. Trend of yields and recoveries upto January, 2017 would be considered. ISMA will review the same in its Committee Meeting on 25th January, 2017, and release its second advance estimate for 2016-17 sugar production on that date. A downtrend may emerge in mentha oil futures (Jan) & will possibly test 1025-1010 levels. The sentiments on the spot market are bearish as demand is very poor due to liquidity crunch as farmers are mostly interested to sell their produce in cash and not through electronic medium. Cotton oil seed cake futures (Feb) is looking bullish & can head towards 2200-2215 levels. This season supply of cotton seed is less compared to last year so the price of cotton oil cake has rallied in last couple of weeks. The Farmers are reluctant to sell cotton seed as they are anticipating the prices to inch higher in coming days. Kapas futures (Apr) may trade with an upside bias towards 1000-1015 levels. Demand from local spinning mills and stockists is expected to keep cotton price on the upside & low volume of arrivals may add to the optimism for a better price outlook. Exporters are also purchasing cotton in good quantity to meet their near term commitments. In the international market, as ICE cotton futures hit a near five-month high on expectations of improvement in demand.
Bullion counter witnessed lower level buying in first week of 2017 which is expected to continue further as decline in greenback can give further support but upside will remain limited on expectations of more rate hikes by the U.S. Federal Reserve this year. Movement of local currency rupee has also affected the prices which can move in range of 67-68.5. Gold can face resistance of $1220 in COMEX and 28500 in MCX while it has support near $1150 in COMEX and $27500 in MCX. Silver has key support near 39000 in MCX and $16 in COMEX. And it has resistance near 42000 in MCX and $17.10 in COMEX. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, holdings stood at 813.59 tonnes recently. Holdings are down about 14 percent since the U.S. presidential election in November 2016. Federal Reserve's December meeting showed almost all of the policymakers thought the economy could grow more quickly because of fiscal stimulus under U.S. President-elect Donald Trump's administration. Recently buoyant physical demand from major consumers China and India also supported its prices. With the upcoming Chinese New Year there is a seasonally strong period for jewellery and in India the shortage of cash has prompted some safe-haven buying from Indian consumers as source of wealth. Meanwhile in China Gold kilobar demand is picking up right now, with strong premiums on the mainland .Policies of President-elect Donald Trump in the United States had been stoking appetite for gold as a hedge against inflation.
BULLIONS
Crude oil upside momentum may persist further as members countries of OPEC are adhering to the decision of production cut which was decided in last meeting. Oil has rallied 23 percent since mid-November and speculators have jumped on the rally, loading up on long positions in crude futures in recent weeks in anticipation of OPEC's supply cuts. Oil prices jumped to 18 month highs as OPEC member Kuwait has reduced output by 130,000 barrels a day to about 2.75 million a day and Oman is cutting 45,000 barrels a day from 1.01 million, in line with their commitment towards stable oil prices. Recently, OPEC and non-OPEC members including Russia and Mexico have agreed to trim output by about 1.8 million barrels a day. Crude oil can trade in range of 3550-3850 in MCX. Overall supply from OPEC in December fell slightly to 34.18 million barrels per day (bpd) from a revised 34.38 million bpd in November. Natural gas may trade on volatile path as it can move in range of 210-230 in MCX. Recently updated weather forecasting models pointed to above normal temperatures throughout large portions of the southern and eastern U.S. through January 16, dampening demand for the heating fuel. The U.S. Energy Information Administration stated in its weekly report that natural gas storage in the U.S. declined by 49 billion cubic feet in the week ended December 30, below market expectations for a drop of 82 billion cubic feet.
ENERGY COMPLEX
In base metal counter, prices may remain on sideways path after the fall witnessed last month. Copper may move in range of 370-390 in MCX. Copper had stabilised recently after China's yuan recorded some of the biggest gains on record and the dollar fell against a basket of currencies, making dollar-denominated assets such as copper cheaper for holders of other currencies. The stronger yuan relieves pressure on China to raise money market interest rates, which would reduce liquidity and raise the cost of borrowing, hampering economic growth. A bunch of data from China in coming weeks is expected to show the world's second-largest economy carried solid momentum into 2017, thanks to heavy government stimulus and a construction boom that breathed new life into its ailing industries. Lead can trade in range of 132-142. Zinc can move in range of 172-185. Aluminum prices may trade in range of 112-120 in MCX. Aluminium fundamentals seem to have turned somewhat bearish as rising LME inventories and already high prices are likely to reduce the incentive for Chinese producers to adhere to strict production cuts and the prospect of more off-market material returning to warehouses suggest further price weakness in the short term. Meanwhile, the US Midwest premium has moved higher on increased enquiries; most market participants anticipate significant restocking later this month. Nickel can move in range of 670-720. In 2016, the major driver of nickel's ascent was the Philippine government's mining suspensions. The government moved to crack down on miners throughout the year, suspending those found to be in violation of social and economic regulations.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
ALUMINIUM MCX (JANUARY) contract closed at `115.50 on 05th Jan'17. The contract made its high of
122.70 on 28th Nov'16 and a low of 107.40 on 12th Sept'16. The 18-day Exponential Moving Average of
the commodity is currently at 115.96.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 55. One can buy in the
range of 114.50-113.50 with the stop loss of 111.50 for a target of 118.
` `
`
` ` `
TURMERIC NCDEX (APRIL) contract closed at 6750 on 05th Jan'17. The contract made its high of 7448
on 30th Sep'16 and a low of 6844 on 01st Sep'16. The 18-day Exponential Moving Average of the
commodity is currently at 6827.4.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 44. One can buy in the
range of 6700-6660 with the stop loss of 6600 for a target of 6900.
` `
`
`
` ` `
RMEED NCDEX (APRIL) contract closed at 3910 on 05th Jan'17. The contract made its high of 4230 on
29th Nov'16 and a low of 3839 on 18th Oct'16. The 18-day Exponential Moving Average of the commodity
is currently at v3947.3.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 39. One can buy in the
range of 3900-3880 with the stop loss of 3830 for a target of 4100.
` `
`
` ` `
ALUMINIUM MCX (JANUARY)
TURMERIC NCDEX (APRIL)
RMEED NCDEX (APRIL)
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 JAN 3027.00 12.05.16 Down 4037.00 - 3150.00 3250.00
NCDEX JEERA JAN 18075.00 05.01.17 Up 18075.00 17400.00 - 17000.00
NCDEX REF.SOY OIL JAN 728.30 08.09.16 Sideways
NCDEX RM SEEDS JAN 4239.00 24.08.16 Down 4637.00 - 4375.00 4450.00
MCX MENTHA OIL JAN 1042.70 20.10.16 Up 920.80 970.00 - 950.00
MCX CARDAMOM FEB 1501.60 27.10.16 Up 1260.40 1410.00 - 1350.00
MCX SILVER MAR 40448.00 06.10.16 Down 41521.00 - 41000.00 42000.00
MCX GOLD FEB 27948.00 06.10.16 Down 29575.00 - 28300.00 28500.00
MCX COPPER FEB 380.45 22.09.16 Up 326.75 372.00 - 365.00
MCX LEAD JAN 138.65 22.12.16 Sideways
MCX ZINC JAN 177.00 29.12.16 Sideways
MCX NICKEL JAN 696.10 29.12.16 Sideways
MCX ALUMINUM JAN 115.50 10.11.16 Up 118.50 113.00 - 110.00
MCX CRUDE OIL JAN 3636.00 01.12.16 Up 3527.00 3450.00 - 3400.00
MCX NATURAL GAS JAN 218.60 05.01.17 Sideways
TREND SHEET
*Closing as on 05.01.17
COMMODITY
NEWS DIGEST
It was an average week for the commodity market. Counters such as bullion, oil seeds and base
metals performed well whereas energy and other counter traded with dovish sentiments.
Upside in commodities was due to some improvement in economic data amid fall in the dollar
index. Base metals performed well on a positive announcement from China. China plans to add
2,100 km (746 miles) of track to its railway network this year and this has bolstered demand
expectations. Beijing announced plans to spend 800 billion yuan ($115.1 billion) to build extra
track and electrify 4,000 km of railroad. Meanwhile copper looks positive due to falling stocks
in LME approved warehouses, which are at 305,875 tonnes down 11.5% since Dec. 16. Gold
touched its highest in four weeks as the U.S. dollar stepped further away from a 14-year peak
hit earlier this week, and on a technical rebound. Physical demand from China and India is
quite strong at the moment. Uncertainties, such as Donald Trump's first few months as
President of the US and upcoming elections in some European countries such as France and
Germany, could boost gold prices as investors seek safe-havens. Silver too performed good on
upside in both gold and base metals. Energy counter was weak, especially natural gas saw
sharp downside. The prospect of a mild January has throttled the US natural gas market,
underlining how a tightening commodity market remains vulnerable to the weather. The uses
of natural gas include power generation, manufacturing and fertiliser, but demand typically
peaks during the winter heating season.
In agri commodities, most of the oil seeds and edible oil saw rebound in the prices. It was only
mustard seed, which saw bearish trade. Demand for mustard seed from crusher is hand to
mouth on account of steady to weak demand for mustard by-products. Demand for mustard oil
has declined at higher level in recent times as consumers are likely to shift to cheaper
alternatives. Widening of positions by traders following pickup in demand from flour mills in
the physical market amid pause in supply, kept wheat prices higher at futures trade. A weaker
greenback is friendly for wheat prices because it makes U.S. crops less expensive for foreign
importers at a time when U.S. farmers are relying on overseas buyers to soak up a portion of
their recent huge harvest.
WEEKLY COMMENTARY
COMMODITY UNIT 05.01.17 DIFFERENCEQTY. QTY.
BARLEY MT 40.00 40.00 0.00
CORIANDER NEW MT 17557.00 17338.00 -219.00
GUARGUM MT 20746.00 21763.00 1017.00
GUARSEED MT 18664.00 18880.00 216.00
JEERA NEW MT 12.00 0.00 -12.00
MAIZE MT 9287.00 9617.00 330.00
RM SEED MT 6011.00 4334.00 -1677.00
SOYBEAN MT 140765.00 146854.00 6089.00
SUGAR MT 290.00 290.00 0.00
TURMERIC MT 45.00 45.00 0.00
WHEAT MT 7218.00 7239.00 21.00
29.12.16 COMMODITY UNIT 05.01.17 DIFFERENCE
QTY. QTY.
CARDAMOM MT 14.80 14.70 -0.10
GOLD KGS 20.00 20.00 0.00
GOLD MINI KGS 4.90 32.90 28.00
GOLD GUINEA KGS 4.67 4.67 0.00
MENTHA OIL KGS 1609859.53 1500815.63 -109043.90
SILVER (30 KG Bar) KGS 51139.69 52308.53 1168.84
29.12.16
•The government of New Caledonia has approved requests from three mining companies to export as much as 2 million tonnes of low-purity nickel ore annually to China.
•Warehouse firms in the London Metal Exchange's network of more than 600 warehouses in 37 locations have announced significantly lower rent rises for the year starting in April.
•US ISM index of national factory activity rose 1.5 percentage points to 54.7 last month, the highest level since December 2014.
•China Caixin/Markit Manufacturing PMI rose to 51.9 on a seasonally adjusted basis, from 50.9 in November and easily beating analysts' forecasts of 50.7.
•Japanese manufacturing activity expanded at the fastest pace in a year in December.
•Castor Seed February, March, April and May 2017 contracts available for futures trading on NCDEX & MCX with effect from Thursday, January 5, 2017.
•The Warehousing Development and Regulatory Authority (WDRA) has granted licenses to the BSE-promoted depository, Central Depository Services (India), or CDSL, and the National Stock Exchange-anchored NCDEX to set up repositories.
•During the current Sugar Season 2016-17, the sugar mills of the country have commenced the crushing operation smoothly and have produced about 66 Lakh MT of sugar so far.- Ministry of Consumer Affairs, Food & Public Distribution
•The Centre extended the deadline for availing crop insurance for the ongoing Rabi season under the new crop insurance program to Jan 10, 2017. - Ministry of Agriculture.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
5.37%
4.00%
3.46% 3.41%
2.81%
-3.06%
-2.51%
-1.25%
-0.84%-0.66%
- 0.04
-0.03
-0.02
-0.01
0.00
0.01
0.02
0.03
0.04
0.05
0.06
COTTON SEED O.C (AKOLA)
COTTON 29MM COPPER SHANKARKAPAS KAPAS MAIZERABI RM SEEDS
CHILLI TEJA
MAIZE KHARIF CORIANDER
5.31%
3.79%3.43%
2.35% 2.13%
-13.25%
- 0.41% - 0.30% - 0.23%
-0.15
-0.10
-0.05
0.00
0.05
0.10
COTTON SILVER1000 CARDAMOM CPO ZINCMINI NATURALGAS CRUDEOILM MENTHAOIL BRCRUDEOIL
COMMODITY
COMMODITY EXCHANGE CONTRACT 30 05.01.17 CHANGE%
ALUMINIUM LME 3 MONTHS 1693.00 1702.50 0.56
COPPER LME 3 MONTHS 5535.00 5580.00 0.81
LEAD LME 3 MONTHS 2016.50 2054.00 1.86
NICKEL LME 3 MONTHS 10020.00 10295.00 2.74
ZINC LME 3 MONTHS 2576.00 2618.00 1.63
GOLD COMEX FEB 1151.70 1181.30 2.57
SILVER COMEX MAR 15.99 16.64 4.05
LIGHT CRUDE OIL NYMEX FEB 53.72 53.76 0.07
NATURAL GAS NYMEX FEB 3.72 3.27 -12.11
.12.16
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
29.12.16 05.01.17
ALUMINIUM 2176800 2196475 19675
COPPER 331100 305875 -25225
NICKEL 371406 371724 318
LEAD 195800 193900 -1900
ZINC 428325 427850 -475
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 30.12.16 05.01.17 CHANGE(%)
Soybean CBOT JAN Cent per Bushel 996.50 1003.50 0.70
Corn CBOT MAR Cent per Bushel 352.00 361.25 2.63
CPO BMD MAR MYR per MT 34.66 35.22 1.62
Sugar LIFFE MAR 10 cents per MT 524.20 546.50 4.25
13
SPOT PRICES (% change) Castor seed
ProfileCastor is a non-edible oilseed crop; basically a cash crop, with average 46% oil recovery. Castor oil is the largest vegetable oil exported from India. India is the biggest exporter of castor oil holding about 70% share of the international trade in this commodity followed by China & Brazil.Factor influencing prices
• Consumption and export pattern. • Estimated output based on the acreage and weather conditions and pest
infestation etc.• Leftover stocks from the previous year's production after meeting the
demand.• Government policies and intervention. • Shifting cropping patterns in producing countries.
Supply Scenario According to a survey report by SEA, castor seed production in India was estimated at 1.39 million tonnes for the year 2015-16 as against 1.35 million tonnes in 2014-15.Total area under Castor crop in India for the year 2015-16 was 1,136,300 hectares.Average yield for the year 2015-16 was 1229 kg/hectareAnticipation of lower output of castor seed this year is also likely to add to the bullish sentiments. Castor seed output in 2016-17 kharif season is likely to be lower by 25-30% on year due to lower acreage this year. Castor output may fall this year as farmers have shifted to other crops such as mustard, groundnut, and soybean because these crops are more remunerative.
Demand ScenarioDemand from China is likely to rise as the country is mulling over easing restrictions on manufacture of sebacic acid in January. China uses a large share of castor oil to manufacture sebacic acid, but the country had, in December, imposed restrictions on its production citing environmental issues. Consequently, castor oil exports to China fell. Low buying by China pulled down India's overall exports by 15,000 tn in December. China, Europe, Japan, Thailand, Latin America, and the US are the major importers of castor oil from India. Export demand for castor usually improves in January when markets in the western countries re-open after the New Year holiday.India meets over 80 per cent of the demand for castor oil, thereby enjoying a dominant position in the world castor scenario. The country's exports of castor oil and derivatives are estimated to be over ̀ 6,500 crore ($1 billion) per annum. The global castor derivative market, estimated to be worth over $3 billion, is highly dependent on India.
UsesCastor oil is primarily used in manufacturing sebacic acid, which is used to make plastics, lubricants, cosmetics, candles, and painting material. Castor oil and its derivatives are also used in many medical formulations. India is the world's largest producer of castor oil and accounts for 70% of the global exports.Price ScenarioCastor seed arrivals are likely to pick up by next week. They will not drag prices as supplies will peak only around February. Currently about 10,000 bags (1 bag = 75 kg) castor arrive in the benchmark Deesa market daily.Forecast calendarThe Solvent Extractors' Association of India (SEA) will organise the 15th International Conference on Castor on February 17 and 18, 2017. It will witness the unfolding of the latest status of Indian as well as global castor oil scenarios by the eminent personalities from the fraternity. There will be a presentation on the findings of the 2016-17 Castor Crop Survey, conducted in key castor-growing states such as Gujarat, Rajasthan and Andhra Pradesh by AC Nielsen, and a panel discussion on Castor Oil Price Outlook-2017,
•
•
••
•
•
•
•
•
•
•
•
•
7.48
3.27
1.86
1.77
1.68
1.50
1.47
1.34
1.27
0.77
0.56
0.52
0.00
-1.38
-1.38
-2.19
-2.89
-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00
COTTON SEED OIL CAKE (AKOLA)
COTTON (KADI)
CRUDE PALM OIL (KANDLA)
GUAR GUM (JODHPUR)
GUAR SEED (JODHPUR)
GUR (MUZAFFARNGR.)
JEERA (UNJHA)
SILVER 5 KG (DELHI)
SUGAR (KOLKATA)
WHEAT (DELHI)
SOYABEAN (INDORE)
PEPPER MALABAR GAR (KOCHI)
BARLEY (JAIPUR)
MUSTARD (JAIPUR)
CORIANDER (KOTA)
TURMERIC (NIZAMABAD)
RAW JUTE (KOLKATA)
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 68.12 68.51 67.88 68.12
EUR/INR 71.77 71.87 71.20 71.53
GBP/INR 84.11 84.24 83.60 83.89
JPY/INR 58.39 58.81 57.96 58.47
News Flows of last week
04th Jan Fed Minutes: Pace Of Rate Hikes May Pick Up
04th Jan China Services Index Climbed To 53.4 in December
05th Jan German Construction PMI At 9-Month high
05th Jan Euro zone Producer prices rose for first time since 2013
05th Jan U.S. Private Sector job growth fell short of estimates in December
05th Jan U.S. Jobless Claims dropped more than expected to 235,000
EUR/INR (JAN) contract closed at 71.53 on 05th January'17. The contract made its high of 71.87 on 05thJanuary'17 and a low of 71.20 on 04thJanuary'17 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 71.49.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 46.27. One can buy around 72.00 for a target of 73.00 with the stop loss of 71.50.
(Source: Spider Software, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
Market Stance
Indian rupee started the week on a negative note and hit one month low as
against the dollar on the back of firm dollar overseas and heavy demand for
greenback from importers and corporate. Overseas dollar gained strength on
the back of expectations for a faster pace of rate hikes from the Federal
Reserve and increased fiscal spending under the incoming Trump
administration. However in later part of the week local unit was seen paring
its losses as domestic equities took a sharp rally. Moreover positive cues also
came from overseas dollar as it eases off from 14 year peak as unexpectedly
big falls in the dollar against the yuan had knock-on effects on the dollar
against major currencies, such as the yen and the euro.
EUR/INR
USD/INR (JAN) contract closed at 68.12 on 05th January'17. The contract made its high of 68.51 on 03rd January'16 and a low of 67.88 on 05thJanuary'17 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 68.12.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 52.32. One can sell below 67.85 for the target of 67.10 with the stop loss of 68.25
GBP/INR (JAN) contract closed at 83.89 on 05th January'17. The contract made its high of 84.24 on 03rd January'17 and a low of 83.60 on 05thJanuary'17 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 84.08.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 45.01. One can buy around 84.00 for a target of 85.00 with the stop loss of 83.50.
JPY/NR (JAN) contract closed at 58.47 on 05th January'17. The contract made its high of 58.81 on 05thJanuary'17 and a low of 57.96 on 04thJanuary'17 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 58.36.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 42.58. One can buy above 59.00 for a target of 60.00 with the stop loss of 58.50.
USD/INRTechnical Recommendation
Economic gauge for the next week
Date Currency Event Previous
09th Jan EUR Unemployment Rate 9.8
09th Jan USD Consumer Credit Change 16.02
10thJan GBP NIESR GDP Estimate (3M) 0.4
11thJan GBP Manufacturing Production (YoY) -0.4
11thJan GBP Industrial Production (YoY) -1.1
11thJan GBP Industrial Production (MoM) -1.3
11thJan GBP Manufacturing Production (MoM) -0.9
12th Jan EUR Industrial Production w.d.a. (YoY) 0.6
12th Jan EUR Industrial Production s.a. (MoM) -0.1
12th Jan EUR ECB Monetary Policy Meeting Accounts
12th Jan USD Initial Jobless Claims 235
13th Jan USD Retail Sales (MoM) 0.1
GBP/INR JPY/INR
14
IPO
1416
IPO NEWS
Construction firm PSP Projects files for IPOThe Ahmedabad-based construction company PSP Projects Limited (PSP), on Thursday, said it has filed Draft Red Herring Prospectus (DRHP) with the market regulator
SEBI seeking permission for its initial public offering (IPO). The public issue consists of up to 10,080,000 equity shares of face value of Rs 10 each. The issue comprises a
fresh issue of up to 7,200,000 equity shares and offer for sale of up to 2,880,000 equity shares, the company said in a statement here. The final price band will be decided
in consultation with the Book Running Lead Managers (BRLMs). The net proceeds from the fresh issue will be utilized towards funding capital expenditure and working
capital requirements, and for general corporate purposes. Karvy Investor Services Ltd and Motilal Oswal Investment Advisors Private Ltd are the BRLMs to the issue and
Karvy Computershare Private Ltd is the Registrar to the issue. PSP Projects Ltd is a multidisciplinary construction company offering a diversified range of construction
and allied services across industrial, institutional, government, government residential and residential projects in India. It provides services across the construction
value chain, ranging from planning and design to construction and post-construction activities to private and public sector enterprises, focusing on projects in the
Gujarat region.
PE exits, M&As & fund raising via IPOs hit 5-yr high in 2016: Report2016 turned out to be a strong year for the Indian deal street as private equity exits, mergers & accusations (M&As) and fund raising through IPOs hit a 5-year high, says a
report. According to News CorpVCCEdge, the financial research platform of News CorpVCCircle, the M&A deal tally for the year hit $61.44 billion and private equity
investors unlocked $6.79 billion worth of investments across 239 exits. Fund raising via Initial Public Offerings surged to a five-year high with $4.12 billion raised across
93 IPOs. While PE investors unlocked investments worth $6.79 billion across 239 exits in 2016, M&A exits were the flavour of the year contributing 43 per cent of the
total exit activity closely followed by open market exits at 32 per cent. 2016 has been a record year for IPOs, wherein fund raising via IPOs surged to a five-year high with
$4.12 billion raised across 93 IPOs as compared to $2.19 billion from 62 IPOs in 2015.
India's BSE exchange gets market regulator's clearance for IPO
BSE Ltd, India's second-biggest stock exchange, got clearance for its long-awaited initial public offering (IPO) from the Securities and Exchange Board of India (SEBI),
according to the regulator's website. Asia's oldest exchange had filed a draft prospectus for the IPO with SEBI in September, seeking to list its shares on larger rival
National Stock Exchange (NSE). The IPO is expected to raise about $200 million.
GR Infraprojects IPO gets Sebi nodGR Infraprojects and Shankara Building Products Ltd have received capital markets regulator Sebi’s approval to raise funds through initial public offerings (IPO). The two
companies had filed IPO papers with Sebi on 29 September. The Securities and Exchange Board of India (Sebi) issued its final ‘observations’ on 22 December on the draft
offer documents, which is necessary for any company to launch a public offer. GR Infraprojects’ IPO includes a fresh issue of equity shares worth Rs240 crore and an
offer for sale of up to 5,413,540 shares by existing shareholders. The issue is being managed by ICICI Securities Ltd, Motilal Oswal, HDFC Securities Ltd, IDFC Securities
and SBI Capital Markets. Proceeds of the IPO would be utilized towards purchase of equipments for its engineering, procurement and construction (EPC) business, to
retire debt and other general corporate purposes. Bengaluru-based retailer Shankara’s public offer comprises fresh issuance of shares worth Rs500 crore and offer for
sale of 6,618,366 equity scrips by the existing shareholders. The funds raised through the issue will used for repayment of loans and other general corporate purposes.
IDFC Bank Ltd, Equirus Capital Pvt. Ltd and HDFC Bank Ltd are managing the share sale.
Company Sector M.Cap(In RsCr.) Issue Size (in RsCr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
Laurus Lab Pharma 5029.77 300.00 19-Dec-16 428.00 490.00 475.60 11.12
Sheela Foam Ltd Textiles 4529.00 510.00 9-Dec-16 730.00 1008.00 928.40 27.18
Varun Beverages FMCG 7551.38 1100.00 8-Nov-16 445.00 430.00 414.20 -6.92
PNB Housing Housing Finance 13595.92 3000.00 7-Nov-16 775.00 863.00 820.80 5.91
Endurance Tech Auto Ancillary 8054.35 1162.00 19-Oct-16 472.00 570.00 572.60 21.31
HPL Electric Capital Goods 652.97 361.00 4-Oct-16 202.00 190.05 101.55 -49.73
ICICI Pru Life Insurance 46892.04 6057.00 29-Sep-16 334.00 329.00 326.70 -2.19
GNA Axles Financial services 424.69 130.00 26-Sep-16 207.00 248.50 197.85 -4.42
L&T Technology IT 8258.79 894.00 23-Sep-16 860.00 900.00 812.15 -5.56
RBL Bank Finance 13167.93 832.50 31-Aug-16 225.00 273.70 352.90 56.84
S P Apparels Textile and Apparel Industry 879.48 240.00 2-Aug-16 268.00 305.00 349.45 30.39
Dilip Buildcon Infrastructure 3174.43 654.00 11-Aug-16 219.00 240.00 232.10 5.98
Advance. Enzyme. Chemicals 4180.54 411.00 1-Aug-16 896.00 1210.00 1872.50 108.98
L & T Infotech IT - Software 11789.10 1243.00 21-Jul-16 710.00 666.60 691.35 -2.63
Quess Corp IT - Software 8484.22 400.00 29-Jun-16 317.00 499.00 669.15 111.09
Mahanagar Gas Gas Distribution 8416.36 1039.64 21-Jun-16 421.00 540.00 852.05 102.39
Parag Milk Foods Dairy 2213.48 767.00 19-May-16 215.00 215.70 263.15 22.40
Ujjivan Fin.Ser. Finance 3993.76 870.00 10-May-16 210.00 227.00 336.05 60.02
Thyrocare Tech. Healthcare 3769.24 480.00 9-May-16 446.00 662.00 701.60 57.31
*
IPO TRACKER
*Closing price as on 05-01-2017
16
FIXED DEPOSIT MONITOR
• Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at [email protected]
FIXED DEPOSIT COMPANIES
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
-1 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 8.00 8.00 8.00 8.05 - 8.05 8.05 0.25% FOR SR. CITIZEN, 0.10% FOR DELHI NCR &
EXISTING LOAN CUSTOMER AND ON RENEWAL MUMBAI-75000,
UPTO RS. 1CRORE OTHER-50000/--
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=8.35% 14M=8.25% 18M=8.35% 13M=50000; 40M=8.35%0.25% EXTRA FOR SR. CITIZEN,WIDOW,
14M=10000; ARMED, PERSONNEL, EXISTING DHFL HOME
BORROWERS, 0.25% EXTRA FOR DEPOSIT
50 LAC AND ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 8.25 - 8.30 8.30 - 8.50 - 8.50 10,000/-
4 GRUH FINANCE LTD. 7.25 13M=7.25 7.50 7.50 - 7.50 7.50 7.50 96-120M=8.00%; 0.25% FOR FEMALE, 1000/-
SR. CITIZEN & TRUST
5 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 15M=7.50 30M=7.50 22M=7.55 44M=7.55 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
20000/-, 40000/-
- -6 20M=7.40 40M=7.40 - - - IN MONTHLY
7 HDFC LTD FOR INDIVIDUAL & TRUST (UPTO RS.5 CR.) 7.40 - 7.40 7.40 - 7.40 7.40 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
8 HUDCO LTD.(IND & HUF) 7.25 - 7.25 7.25 - 7.00 7.00 7.00 0.25% FOR SR. CITIZEN 10000/-
9 HUDCO LTD.(TRUST/CO/INSTITUTION) 7.00 - 7.00 7.00 - 6.75 6.75 6.75 - 10000/-
10 J K Lakshmi Cement Ltd. 8.50 8.75 9.00 25000/-
11 J K Tyre & Industies Ltd. 8.50 8.75 9.00 25000/-
12 KTDFC (Kerela Transport) 8.50 - 8.50 8.50 - 8.25 8.25 - 0.25% extra for Sr. Citizen, 10000/-
13 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.85 7.85 7.90 7.95 - - 7.95 - 10000/-
14 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 7.50 7.50 7.50 7.55 - 7.55 7.55 - 0.25% FOR SR. CITIZEN 10000/-
15 Omaxe Ltd. 11.50 - 12.00 12.50 - - - - - 50000/-
16 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.40 - 7.40 7.40 - 7.40 7.40 7.40 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE20000/-
17 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 15M=7.50 30M=7.50 44M=7.55 0.25% FOR SR. CITIZEN22M=7.55
18 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/-
19 SHRIRAM CITY UNION SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/
(FOR TRUST ONLY) (FOR WOMEN ONLY)
0.50% add. interest to sr. citizen ,
employees,shareholders and person
investing Rs. 5 lacs and above - max. 0.50%
0.25% FOR SR.CITIZEN IF APP ABOVE
RS. 50,000/- APP UPTO RS. 50,000/- &
0.10% IF APP upto Rs. 50,000/-
HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION
(UPTO RS. 10 CR.)
MUTUAL FUND
NEWS
HDFC Mutual Fund introduces FMP 1192D January 2017 (1)
HDFC Mutual Fund has launched the HDFC FMP 1192D January 2017 (1), a close ended income scheme. The NFO opens for subscription on January 05, 2017
and closes on January 09, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is ̀ 5000. The investment
objective of the scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before
the maturity date of the respective Plan(s).
IDFC Mutual Fund files offers document for “IDFC Dual Advantage Fund - Series 1 & 2
IDFC Mutual Fund has filed offer document with SEBI to launch a close ended income scheme as “IDFC Dual Advantage Fund - Series 1 & 2”. The New Fund
Offer price is ̀ 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Growth and Dividend (Payout) option and seeks to collect a
Minimum Target Amount of ̀ 20 Crores. The scheme will be benchmarked against combination of Crisil Short Term Bond Fund Index and Nifty 50 Index. The
minimum application amount is ̀ 5,000 and multiples of ̀ 10 thereafter. The investment objective of the Scheme is to seek to generate income 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 securities to achieve capital appreciation.
ICICI Prudential AMC announces introduction of 'Quick Withdrawal' facility under Savings Fund
ICICI Prudential Asset Management Company has announced changes in the SID and KIM of ICICI Prudential Savings Fund. The AMC has introduced the mode of
'Quick Withdrawal' facility under the ICICI Prudential Savings Fund scheme which shall endeavor to send the redemption proceeds to the registered bank
account of the investors instantly from the time of receipt of Quick Withdrawal facility request using Immediate Payment Service (IMPS) provided by various
banks. This facility shall be available to the eligible investors with effect from January 5, 2017. All the other provisions of the SID/KIM of the schemes remain
unchanged
PPFAS raises its net worth to ̀ 50 crore
PPFAS Mutual Fund has raised its net worth to over `50 crore in order to comply with SEBI's net worth criteria. In February 2014, SEBI had mandated fund
houses to raise their net worth to a minimum of ̀ 50 crore by May 2017. AMCs which didn't comply with the rule were not allowed to launch any new schemes.
The audited net worth of PPFAS AMC stands at ̀ 51.53 crore as on 30 November 2016. It has infused capital of ̀ 4.66 crore by undertaking a rights issue. This
issue was approved by the Board of PPFAS AMC in its board meeting held on 26 September 2016.
IDBI Mutual Fund introduces Midcap Fund scheme
IDBI Mutual Fund has launched the IDBI Midcap Fund, an open ended growth scheme. The NFO opens for subscription on January 05, 2017 and closes on
January 19, 2017. Entry load will be nil and Exit load will be 1% for exit (repurchase/switch-out/transfer/SWP) within 12 months from the date of allotment
for the subscriptions received during the NFO period. No load on exit after the aforementioned period applicable for the scheme. The minimum subscription
amount is ̀ 5000 and in multiples of Re 1 thereafter. The scheme's performance will be benchmarked against Nifty Free Float Midcap 100 Index and its fund
manager is V. Balasubramanian. The investment objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by
investing predominantly in Equity and Equity related instruments of Midcap Companies
17
®
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
10-Oct-2016 18-Jan-2017 Close-Ended Growth `500UTI Long Term Advantage Fund - Series IV - Direct Plan (G)
Lalit NambiarTo generate capital appreciation over a per iod of ten years by invest ing predominantly in equity and equity-related instruments of companies along with income tax benefit.
27-Sep-2016 20-Mar-2017 Close-Ended Growth `5000Sundaram Long Term Micro Cap Tax Advantage Fund - Sr. - IV - Reg. (G
S Krishnakumar
/ Dwijendra
Srivastava
To generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap and from income tax benefit available.
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
ICICI Prudential Balanced - Growth 106.60 03-Nov-1999 4394.87 -0.37 8.23 16.90 20.10 14.76 1.76 0.10 51.77 20.91 1.51 25.81
Kotak Balance - Growth 20.70 05-Nov-2014 531.57 -3.18 4.89 14.08 N.A 7.48 1.76 0.08 36.95 27.26 3.72 32.07
HDFC Prudence Fund - Growth 419.19 01-Feb-1994 14228.00 -1.91 7.03 12.67 19.72 19.04 2.28 0.07 46.11 16.13 10.03 27.73
HDFC Balanced Fund - Growth 120.63 11-Sep-2000 7930.16 -3.40 5.17 12.25 20.26 16.47 1.77 0.08 51.77 20.91 1.51 25.81
Mirae Asset Prudence Fund - Reg - G 10.97 29-Jul-2015 327.97 -2.85 4.53 11.28 N.A 6.67 1.77 0.07 68.60 5.84 N.A 25.56
Birla Sun Life Balanced 95 - Growth 624.29 10-Feb-1995 4807.28 -4.43 3.28 11.21 19.75 20.76 1.81 0.08 45.37 19.81 1.22 33.60
DSP BlackRock Balanced Fund - Growth 121.08 27-May-1999 2298.09 -5.99 5.31 11.07 19.21 15.20 1.97 0.09 44.67 20.56 3.57 31.21
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential LTP - Growth 20.45 20-Jan-2010 1716.18 64.28 28.97 -8.61 19.99 17.68 14.15 10.82 32.88 0.12 10.76 6.94
DHFL Pramerica Inflation Indexed Bond F - Reg - G 12.35 30-Jan-2014 122.17 43.45 18.13 -3.76 13.53 17.32 N.A 7.47 35.00 0.06 4.43 6.69
ICICI Prudential Income Fund -Growth 52.61 09-Jul-1998 2794.50 76.72 30.54 -14.66 19.10 16.77 12.85 9.39 34.75 0.09 11.86 6.98
Birla Sun Life Income Plus - DAP 18.84 06-Mar-2009 3638.88 91.01 36.20 -20.79 19.45 15.86 12.09 8.41 37.79 0.07 14.32 6.71
Canara Robeco Dynamic Bond F - Reg - G 18.90 29-May-2009 239.14 61.03 31.62 -8.08 20.63 15.79 11.90 8.73 32.89 0.09 N.A 6.60
ICICI Prudential Dynamic Bond F - Prem Plus - G 19.42 14-Jan-2010 1473.12 57.11 26.68 -8.18 17.14 15.76 13.02 9.98 25.93 0.17 7.06 7.28
HDFC Income Fund - Growth 38.06 11-Sep-2000 2623.38 83.04 22.40 -27.00 18.00 15.66 12.17 8.53 35.81 0.09 17.04 6.86
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
HDFC HIF - Dynamic - Growth 57.35 27-Apr-1997 2161.44 69.79 23.40 -18.34 17.77 15.66 12.39 9.27 32.61 0.10 12.53 7.00
Birla Sun Life Dynamic Bond Fund - Ret - DAP 20.47 08-Apr-2009 14603.50 87.39 30.89 -23.61 17.06 15.38 12.54 9.68 33.55 0.12 18.92 7.27
Kotak Flexi Debt Scheme - Reg - G 20.98 27-May-2008 1557.05 63.22 29.42 -10.20 16.42 13.92 10.68 8.98 25.70 0.11 6.71 7.02
ICICI Prudential Banking & PSU Debt F - Reg - G 18.67 01-Jan-2010 8152.56 43.82 24.25 -4.17 14.63 13.10 10.75 9.31 17.83 0.17 4.58 6.96
Birla Sun Life Treasury Optimizer Plan - DAP 193.12 22-Jun-2009 8373.09 48.14 23.17 -4.59 14.34 12.92 11.29 9.11 17.92 0.17 6.06 7.11
HDFC HIF - S T P - Growth 32.47 06-Feb-2002 2036.26 34.39 17.40 -3.38 13.40 11.81 10.14 8.21 14.71 0.14 4.49 7.42
Birla Sun Life Short Term Opportunities F - Reg - G 27.11 24-Apr-2003 5212.56 40.50 20.51 -2.91 12.97 11.80 10.51 7.54 14.73 0.17 5.17 7.27
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 3M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Franklin India Low Duration Fund - G 18.11 26-Jul-2010 2422.40 17.60 11.93 6.06 8.83 9.79 9.90 9.64 5.55 0.42 1.30 8.76
L&T Banking and PSU Debt Fund - G 14.38 12-Sep-2012 655.77 26.79 13.05 -4.32 8.76 10.59 8.98 8.78 11.84 0.13 N.A 6.71
Indiabulls Ultra Short Term Fund - G 1551.78 06-Jan-2012 1287.95 8.37 7.47 6.27 8.54 8.85 8.98 9.18 2.60 0.57 0.35 6.82
Kotak Banking and PSU Debt F - Reg - G 36.48 29-Dec-1998 1000.21 33.77 15.30 -1.17 8.36 10.28 9.45 7.44 9.76 0.19 2.80 7.35
Franklin India Ultra Short Bond F - Retail - G 20.91 18-Dec-2007 6748.43 13.47 9.70 5.87 7.99 9.14 9.21 8.49 3.03 0.55 0.87 8.03
ICICI Prudential Ultra Short Term Plan - Reg - G 16.53 11-Aug-2009 9224.63 31.14 15.87 -0.43 7.98 10.16 9.47 7.02 9.39 0.21 2.96 6.90
ICICI Prudential Flexible Income Plan - Reg - G 306.34 27-Sep-2002 20332.20 19.31 11.59 3.28 7.93 9.24 9.17 8.15 5.15 0.30 1.41 7.02
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
SBI Magnum COMMA Fund - Growth 31.40 08-Aug-2005 238.47 0.54 16.83 34.92 19.94 10.54 2.92 1.04 0.24 62.50 21.72 10.11 5.67
Sundaram Rural India Fund - Reg - G 33.07 12-May-2006 533.08 -5.64 6.37 26.23 24.97 11.87 2.49 0.95 0.27 28.20 44.50 12.07 15.23
SBI PSU Fund - Growth 10.84 07-Jul-2010 178.54 5.14 17.60 19.36 15.35 1.25 2.91 1.07 0.05 70.10 25.80 -- 4.09
Birla Sun Life Equity Fund - Growth 561.41 27-Aug-1998 3204.00 -6.75 9.41 19.10 24.27 24.51 2.44 0.97 0.18 56.89 26.90 1.06 15.15
Tata Equity P/E Fund - Reg - Growth 103.17 29-Jun-2004 673.56 -2.37 9.23 18.33 26.94 20.48 2.68 1.02 0.18 43.83 40.63 7.15 8.39
ICICI Prudential Dynamic Plan - Growth 210.40 31-Oct-2002 5759.12 0.54 9.01 16.36 16.28 23.94 2.10 0.82 0.08 58.19 18.78 3.64 19.40
Mirae Asset Emerging Bluechip Fund - G 36.49 09-Jul-2010 2906.88 -6.30 7.66 15.19 33.97 22.04 2.54 0.98 0.26 33.39 60.46 2.51 3.63
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 05/01/2017Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
Annualised
18
MUTUAL FUND Performance Charts
EQUITY (Diversified)
INCOME FUND
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, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively
Annualised
BALANCED
2016 2016 2015
tr e han
s i x d e c a d e s o f e x c e l l e n c e .
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