1st chaptetr of icici securities of performance in mutual funds

7/28/2019 1st Chaptetr of Icici Securities of Performance in Mutual Funds

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INDUSTRY PROFILE

Banking in India

Banking in India originated in the last decades of the 18th century. The oldest bank in

existence in India is the State Bank of India, a government-owned bank that traces its

origins back to June 1806 and that is the largest commercial bank in the country. Central

banking is the responsibility of the Reserve Bank of India, which in 1935 formally took

over these responsibilities from the then Imperial Bank of India, relegating it to

commercial banking functions. After India's independence in 1947, the Reserve Bank

was nationalized and given broader powers. In 1969 the government nationalized the 14

largest commercial banks; the government nationalized the six next largest in 1980.

Currently, India has 96 scheduled commercial banks (SCBs) - 27 public sector banks

(that is with the Government of India holding a stake), 31 private banks (these do not

have government stake; they may be publicly listed and traded on stock exchanges) and

38 foreign banks. They have a combined network of over 53,000 branches and 17,000

ATMs. According to a report by ICRA Limited a rating agency, the public sector banks

hold over 75 percent of total assets of the banking industry, with the private and foreign

banks holding 18.2% and 6.5% respectively

Early history

Banking in India originated in the last decades of the 18th century. The first banks were

The General Bank of India which started in 1786, and the Bank of Hindustan, both of

which are now defunct. The oldest bank in existence in India is the State Bank of India,

which originated in the Bank of Calcutta in June 1806, which almost immediatelybecame the Bank of Bengal. This was one of the three presidency banks, the other two

being the Bank of Bombay and the Bank of Madras, all three of which were established

under charters from the British East India Company. For many years the Presidency

banks acted as quasi-central banks, as did their successors. The three banks merged in
http://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Automated_teller_machinehttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Automated_teller_machinehttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_India


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1921 to form the Imperial Bank of India, which, upon India's independence, became the

State Bank of India.

Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as

a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in

1865 and still functioning today, is the oldest Joint Stock bank in India. It was not the

first though. That honor belongs to the Bank of Upper India, which was established in

1863, and which survived until 1913, when it failed, with some of its assets and liabilities

being transferred to the Alliance Bank of Simla.

When the American Civil War stopped the supply of cotton to Lancashire from the

Confederate States, promoters opened banks to finance trading in Indian cotton. With

large exposure to speculative ventures, most of the banks opened in India during that

period failed. The depositors lost money and lost interest in keeping deposits with banks.

Subsequently, banking in India remained the exclusive domain of Europeans for next

several decades until the beginning of the 20th century.

Foreign banks too started to arrive, particularly in Calcutta, in the 1860s. The Comptoire

d'Escompte de Paris opened a branch in Calcutta in 1860, and another in Bombay in

1862; branches in Madras and Pondicherry, then a French colony, followed. HSBC

established itself in Bengal in 1869. Calcutta was the most active trading port in India,

mainly due to the trade of the British Empire, and so became a banking center.

The Bank of Bengal, which later became the State Bank of India.
http://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Allahabad_Bankhttp://en.wikipedia.org/wiki/Alliance_Bank_of_Simlahttp://en.wikipedia.org/wiki/American_Civil_Warhttp://en.wikipedia.org/wiki/Lancashirehttp://en.wikipedia.org/wiki/Confederate_Stateshttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/w/index.php?title=Comptoire_d%27Escompte_de_Paris&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Comptoire_d%27Escompte_de_Paris&action=edit&redlink=1http://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Pondicheryhttp://en.wikipedia.org/wiki/HSBChttp://en.wikipedia.org/wiki/Bengalhttp://en.wikipedia.org/wiki/British_Rajhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/File:Bank_of_Benghttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/British_Rajhttp://en.wikipedia.org/wiki/Bengalhttp://en.wikipedia.org/wiki/HSBChttp://en.wikipedia.org/wiki/Pondicheryhttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/w/index.php?title=Comptoire_d%27Escompte_de_Paris&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Comptoire_d%27Escompte_de_Paris&action=edit&redlink=1http://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Confederate_Stateshttp://en.wikipedia.org/wiki/Lancashirehttp://en.wikipedia.org/wiki/American_Civil_Warhttp://en.wikipedia.org/wiki/Alliance_Bank_of_Simlahttp://en.wikipedia.org/wiki/Allahabad_Bankhttp://en.wikipedia.org/wiki/Imperial_Bank_of_India


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The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in

1881 in Faizabad. It failed in 1958. The next was the Punjab National Bank, established

in Lahore in 1895, which has survived to the present and is now one of the largest banks

in India.

Around the turn of the 20th Century, the Indian economy was passing through a relative

period of stability. Around five decades had elapsed since the Indian Mutiny, and the

social, industrial and other infrastructure had improved. Indians had established small

banks, most of which served particular ethnic and religious communities.

The presidency banks dominated banking in India but there were also some exchange

banks and a number of Indian joint stockbanks. All these banks operated in different

segments of the economy. The exchange banks, mostly owned by Europeans,

concentrated on financing foreign trade. Indian joint stock banks were generally

undercapitalized and lacked the experience and maturity to compete with the presidency

and exchange banks. This segmentation let Lord Curzon to observe, "In respect of

banking it seems we are behind the times. We are like some old fashioned sailing ship,

divided by solid wooden bulkheads into separate and cumbersome compartments."

The period between 1906 and 1911, saw the establishment of banks inspired by the

Swadeshi movement. The Swadeshi movement inspired local businessmen and political

figures to found banks of and for the Indian community. A number of banks established

then have survived to the present such as Bank of India, Corporation Bank, Indian Bank,

Bank of Baroda, Canara Bankand Central Bank of India.

The fervor of Swadeshi movement lead to establishing of many private banks inDakshina Kannada and Udupi district which were unified earlier and known by the name

South Canara ( South Kanara ) district. Four nationalized banks started in this district

and also a leading private sector bank. Hence undivided Dakshina Kannada district is

known as "Cradle of Indian Banking".
http://en.wikipedia.org/wiki/Faizabadhttp://en.wikipedia.org/wiki/Punjab_National_Bankhttp://en.wikipedia.org/wiki/Lahorehttp://en.wikipedia.org/wiki/Indian_rebellion_of_1857http://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Swadeshihttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Corporation_Bankhttp://en.wikipedia.org/wiki/Indian_Bankhttp://en.wikipedia.org/wiki/Bank_of_Barodahttp://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Central_Bank_of_Indiahttp://en.wikipedia.org/wiki/Dakshina_Kannadahttp://en.wikipedia.org/wiki/Udupi_districthttp://en.wikipedia.org/wiki/Udupi_districthttp://en.wikipedia.org/wiki/Dakshina_Kannadahttp://en.wikipedia.org/wiki/Central_Bank_of_Indiahttp://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Bank_of_Barodahttp://en.wikipedia.org/wiki/Indian_Bankhttp://en.wikipedia.org/wiki/Corporation_Bankhttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Swadeshihttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Indian_rebellion_of_1857http://en.wikipedia.org/wiki/Lahorehttp://en.wikipedia.org/wiki/Punjab_National_Bankhttp://en.wikipedia.org/wiki/Faizabad


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http://en.wikipedia.org/wiki/File:Scheduled_banking_structure_in_Ind


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COMPANY PROFILE

ICICI Bank is India's second-largest bank with total assets of Rs. 4062.34 billion (US$ 91

billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for

the year ended March 31, 2011. The Bank has a network of 2,610 branches and about

8,003 ATMs in India and presence in 19 countries. ICICI Bank offers a wide range of

banking products and financial services to corporate and retail customers through a

variety of delivery channels and through its specialized subsidiaries and affiliates in the

areas of investment banking, life and non-life insurance, venture capital and asset

management. The Bank currently has subsidiaries in the United Kingdom, Russia and

Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and

Dubai International Finance Centre and representative offices in United Arab Emirates,

China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary

has established branches in Belgium and Germany.

ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the

National Stock Exchange of India Limited and its American Depositary Receipts (ADRs)

are listed on the New York Stock Exchange (NYSE).

Corporate Profile

ICICI Bank is India's second-largest bank with total assets of Rs. 4,062.34 billion (US$

91 billion) as on March 31, 2011.

Board Members

Mr. K. V. Kamath, Chairman

Mr. Sridar Iyengar

Mr. Homi R. Khusrokhan
http://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-members-kvk.html


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Dr. Swati Piramal

Mr. Aravind kumar

Mr. M.S. Ramachandran

Mr. Thushaar ShahMr. V. Sridar

Prof. Marti G. Subrahmanyam

Ms. Chanda D. Kochhar,

Managing Director & CEO.

Mr. Sandeep Bakhshi,

Deputy Managing Director.

Mr. N. S. Kannan,

Executive Director & CFO.

Mr. K. Ramkumar,

Executive Director.

Mr. Rajiv Sabharwal,

Executive Director.

Mr. K. V. Kamath is a mechanical engineer and did his management studies from the

Indian Institute of Management, Ahmedabad. He joined ICICI in 1971 and worked in the

areas of project finance, leasing, resources and corporate planning. In 1988, he joined the

Asian Development Bank and spent several years in south-east Asia before returning to

ICICI as its Managing Director & CEO in 1996. He became Managing Director & CEO

of ICICI Bank in 2002 following the merger of ICICI with ICICI Bank. Under his

leadership, the ICICI Group transformed itself into a diversified, technology-driven
http://www.icicibank.com/aboutus/board-of-members-puri.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-directors-v-sridar.htmlhttp://www.icicibank.com/aboutus/board-of-members-subrahmanyam.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-members-subrahmanyam.htmlhttp://www.icicibank.com/aboutus/board-of-directors-v-sridar.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-puri.html


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financial services group that has leadership positions across banking, insurance and asset

management in India, and an international presence. He retired as Managing Director &

CEO in April 2009, and took up the position of non-executive Chairman of ICICI Bank

effective May 1, 2009. He was the President of the Confederation of Indian Industry (CII)for 2008-09. He was awarded the Padma Bhushan by the President of India in May 2008.

He was conferred the Lifetime Achievement Awards at the Financial Express Best Bank

Awards 2008 and the NDTV Profit Business Leadership Awards 2008; was named

'Businessman of the Year' by Forbes Asia and The Economic Times' 'Business Leader of

the Year' in 2007; Business Standard's "Banker of the Year" and CNBC-TV18's

"Outstanding Business Leader of the Year" in 2006; Business India's "Businessman of

the Year" in 2005; and CNBC's "Asian Business Leader of the Year" in 2001. He has

been conferred with an honorary PhD by the Banaras Hindu University. He is a member

of the Board of the Institute of International Finance, a Director on the Board of Infosys

Technologies and a member of the Board of Governors of the Indian Institute of

Management, Ahmedabad.

Awards:

Retail

ICICIdirect.com, won the Outlook Money ' Best e- Brokerage Award' seventhtime in a row. Previously, the firm won the award in 2004, 2005, 2007, 2008, 2009

and 2010.

ICICI Securities' Business Partners (Sub Broker channel) won the 'Franchisor ofthe Year 2011' for the third consecutive year.

Anup Bagchi, MD & CEO has been honoured with the Zee Business 'IndustryNewsmaker Award 2010' for his tremendous and unmatched contribution in the

field of Finance

Pankaj Pandey, Head- Research - ICICIdirect has won the Zee Business BestMarket Analyst 2010 award in the Equities Fundamental Category


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CMO Asia Awards for Excellence in Branding and Marketing 2010:

o Brand Leadership Award (overall)o 'Campaign of the Year' for the Trade Racer Campaigno Brand Excellence in Banking and Financial Services for the store

format

o Award for Brand Excellence in the Internet Business

Frost and Sullivan 2009 Award forCustomer Service Leadership ICICIdirect, the neighborhood financial superstore won the prestigious Franchise

India `Service Retailer of the Year 2008 award.

ICICIdirect has also won the CNBC AWAAZ 2007 Consumer Award for theMost Preferred Brand of Financial Advisory Services.

Best Broker - Web 18 Genius of the Web Awards 2007 Franchisor of the year award 2009 Retail concept of the year awards 2009

Institutional

Vikash Mantri tops The Wall Street Journal's Asia's Best Analysts survey in themedia sector for 2010

ICICI Securities is awarded as the Best Investment Bank 2008 by Global FinanceMagazine

The Corporate Finance group also was awarded a runner-up Best MerchantBanker by Outlook Money in 2007.

ICICI Securities (I-Sec) topped the Prime Database League Tables 2007 formoney raised through IPOs/FPOs.

The equities team was adjudged the 'Best Indian Brokerage House-2003' byAsiamoney.


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Technology

IDG India's CIO magazine has recognized ICICI Securities as a recipient of CIO100 award in 2009, 2010 and 2011

ICICI Securities conferred the Gold CIO award jointly by CIOL and Dataquest atthe Enterprise Awards 2010

Indian Bank's Association Business Technology Awards for Best Online TradingPlatform in 2006 and 2007

Special Category

Mr Charanjit Attra, Chief Financial Officer (CFO), ICICI Securities Ltd wasconferred the 'CFO100 recognising the Winning Edge in 2010' award by CFO

India. He won the award for the 'Winning Edge in Cost Management' category.

Legal

The information provided on this site is not intended for distribution to, or use by, any

person or entity in any jurisdiction or country where such distribution or use would be

contrary to law or regulation or which would subject ICICI Securities Limited ( I-Sec ) or

its affiliates to any new or additional registration requirement within such jurisdiction or

country. Neither the information, nor any opinion contained in this site constitutes a

solicitation or offer by I-Sec or its affiliates to buy or sell any securities, futures, options

or other financial instruments or provide any investment advice or service.


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Disclaimer of Warranty and Limitation of Liability

The information on this site is provided on "AS IS" basis. I-Sec does not warrant the

accuracy of the information given herein, either expressly or impliedly, for any particular

purpose and expressly disclaims any warranties of merchantability or suitability for any

particular purpose. Although the information provided to you on this website is obtained

or compiled from the sources we believe to be accurate, I-Sec does not guarantee the

accuracy, completeness or validity of any information made available to you for any

purpose. Neither I-Sec, nor any of its affiliates, directors, officers or employees, will be

liable or have any responsibility of any kind for any loss or damage that you incur in the

event of any failure or interruption of this site, or resulting from the act or omission of

any other party involved in making this site or the data contained therein available to you,

or from any other cause relating to your access to, inability to access, or use of the site or

these materials, whether or not the circumstances giving rise to such cause may have

been within the control of I-Sec or of any vendor providing software or services support.

In no event will I-Sec be liable to you for any remote, special, direct, indirect,

consequential, incidental damages or any other damages of any kind (regardless of the

legal theory on which the claim is based) even if I-Sec or any other party have beeninformed of the possibility thereof.

Copyright or Other Notices

If you download any information or data or software from this website, you agree that

you will not copy it or remove or obscure any copyright or other notices or legends

contained in any such information.

Use of Links

Should you leave this site via a link contained herein, and view content that is not

provided by I-Sec, you shall do so at your own risk. I-Sec makes no guarantees or

representations as to, and shall have no liability for, any electronic content delivered by


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any third party, including, the appropriateness, subject matter, quality or timeliness of any

content.

Research

The information contained in the Research Reports uploaded herein has been obtained

from various sources; we do not guarantee its authenticity or validity or completeness.

Neither any information nor any opinions expressed constitute an offer, or an invitation to

make an offer, to buy or sell any securities or any derivative instruments related to such

securities. Investors should take financial advice with respect to the suitability of

investing their monies in any securities discussed or recommended in on this website and

should understand that statements regarding future prospects may not materialize.

Investors should note that each security's price or value may rise or fall and accordingly,

investors may even receive the amounts, which are less than originally invested. Past

performance is not necessarily a guide to future performance. Please carefully read the

detailed disclosures given at the end of every research report.

Contact:

Customer care

email :[email protected]

Compliance Officer

Tel: +91-22-2288 2460 /70

email: [email protected]

SEBI Registration details:

NSE SEBI Registration Number Capital Market :- INB 230773037 | BSE SEBI

Registration Number Capital Market :- INB 011286854, NSE SEBI Registration Number
mailto:[email protected]://www.icicisecurities.com/AboutUs/[email protected]://www.icicisecurities.com/AboutUs/[email protected]:[email protected]


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Derivatives :- INF 230773037 | NSE SEBI Registration Number Currency Derivatives :-

INE 230773037

CICI Securities empowers over 2 million Indians to seamlessly access the capital market

with ICICIdirect.com, an award winning and pioneering online broking platform. The

platform not only offers convenient ways to invest in Equity, Derivatives, Currency

Futures, Mutual Funds but also other services Fixed Deposits, Loans, Tax Services, New

Pension Systems and Insurance are available. ICICIdirect.com offers a convenient and

easy to use platform to invest in equity and various other financial products using its

unique 3-in-1 account which integrates customer's saving, trading and demat accounts.

Apart from convenience, ICICIdirect.com also offers access to comprehensive research

information, stock picks and mutual fund recommendations among other offerings.

Tailored services and trading strategies are available to different types of customers; long

term investors, day traders, high-volume traders and derivatives traders to name some.

ICICIdirect.com uses the most advanced commercially available 128-bit encryption

technology enabled Secure Socket Layer (SSL), to ensure that the information

transmitted between the client and ICICIdirect.com across the internet is safe and cannot

be accessed by any third party.

ICICIdirect.com is the first broker in India to introduce `Digitally Signed Contract Note'

to its customers. As a result, the process of generating contract notes has been automated

and the same would be instantly available to its customers in a safe and secure manner

through the website.

ICICI Securities has set-up neighbourhood financial stores which offer a variety of

financial products and services under one roof. It is a one-stop shop that facilitates

existing and potential customers to speak to our team and understand their financial plans

and goals. ICICI Securities has 250 stores across 66 cities in India.


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Another unique concept called the ICICIdirect Money Kitchen, was launched in late

2009. An extension of the superstore model, the money kitchen is an innovative financial

store where visitors can create their profiles to not only analyze their investment strategy

by using various financial tools but also monitor it from time-to-time.

To enable our customers to maximize their returns and plan for their future, ICICIdirect

has also started financial planning services at these stores. Customized financial plans can

be created for our customers by dedicated Relationship Managers who will understand

the customer's requirements and future goals.

Based on this information, the Relationship Manager works on creating a comprehensive

and easy-to-read financial plan. This enables ICICIdirect to move from just a

transactional based relationship to a meaningful and value-added long-term relationship

with our customers. ICICIdirect?s services and offerings evolves according to the

customer's ever changing requirements and goals.

Customers can walk-in to the financial superstores for products like ICICIdirect 3-in-1

online trading account, equities, mutual funds, IPO, Life and General insurance, Fixed

Deposits and many other financial products. The stores also conduct periodic training

sessions on markets and demo sessions of the trading website

ICICI Securities understands the need for insightful research to make the right investment

decision. An independent equity research team provides strong and timely updates to

ensure that customer can avail of market opportunities.

The research team focuses on both large cap as well as small and mid-cap. Large cap

companies provide an overview of industry environments, while small and mid-cap

companies are chosen 'bottom-up', providing a unique perspective to a generally under-

researched end of the market. The focus is on identifying companies, which we believe

are likely to generate wealth for investors on a sustained basis through in-depth

fundamental research.


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We cater to the entire gamut of investment and return horizon requirements of an investor

through our flagship offerings like Detailed Company Report, Pick of the Week, Model

Portfolio, Stock on the Move, Daily & Weekly derivatives, Intra-day calls, Daily, Weekly

& Monthly Technicals with a regular update on the performance of our calls.

The Active Trader Service is an innovative offering from ICICI Securities which is ideal

for those who are truly 'born traders'.

As a customer of the Active Trader Service, we assure you truly personalised service

with a dedicated relationship manager assigned to your account.

We have also set up a special research team who is focused on helping you achieve yourtargets .The research team has developed a robust set of research products to help you

make informed investment decisions, depending on your risk profile, by analysing

derivative market cues and other news as well as market and corporate information.

Some of the research products which we offer are as follows : Positional Calls, Technical

Picks, Momentum Picks, Roll Over Monitor, Open Interest Insight, Special Situation

Arbitrage, Pair Calls.

The Equity Advisory Group (EAG) is a team of advisors dedicated to providing

customers personalised advisory services. It is aimed at maximising the customer's

investment returns and keeping him updated on the stock markets and the economy.

A Personal Equity Advisor will closely monitor the client's portfolio and keep him

updated on the latest happenings in equity market with the help of our fundamental and

technical research.

EAG services are customised according to the client's risk appetite and investment

horizon. A personal equity advisor, backed by our research team, provides the customer

with timely advice on the stock market.


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The Wealth Management Group is a team of specialists who offer specific advisory

services to meet both personal and business wealth requirements of HNIs.

The team creates customized strategies to meet Customer's investment goals of wealthaccumulation, wealth preservation and liquidity. In addition to mutual funds, fixed

deposits and other traditional products, we also offer alternate investment avenues of

Private Equity, Structured / Customized products for investors with specific views on the

markets and Portfolio Protection Strategies for large investors.

The attempt is to bring world class investment products to our customers through over 15

centres of ICICIdirect.

ICICI Securities is the member of NSE & BSE and registered as Broker. It provides

business opportunity to entrepreneurs by registering them as Sub-Brokers / Authorised

Person. ICICI Securities provides trading terminals through which the Sub-broker can

offer a range of financial products like Equities, Derivatives, Currency Derivatives, IPO,

MF, Bonds, Fixed Deposits etc.

Another way to get associated with ICICI Securities, As an Independent financial

Advisor and gain access to a wide range of financial products like MF, IPOs, Bonds,

Corporate Fixed Deposits.

One can also be associated as an Investment Advisor to sell a range of financial products

like IPO, Bonds, Fixed Deposits, etc. to their set of customers. In addition, they cal also

sell asset products like Home Loans, Education Loans, etc. to the customers.

ICICI Securities facilitates access to capital for the growth engine of the Indian economy

which is the corporate sector including large, medium and small enterprises; both from

the public and private markets.


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ICICI Securities' engagements include Equity Capital Markets, Private Equity

Intermediation and Public Issuance of Debt.

Key Recent Deals

In FY2010, ICICI Securities has helped companies raise ~ US$ 1.86 billion through QIPs

and IPOs. (Source: Prime Database).

Some of the recent transactions for FY2010 and FY 2011 include:

IPOs

Jaypee Infratech: In 2010, Book Running Lead Manager, Rs. 22.6 bn A2Z Maintenance & Engineering Services: In 2010, Book Running Lead

Manager, Rs. 8.6 bn

Punjab & Sind Bank: In 2010, Book Running Lead Manager, Rs. 4.7 bn Nitesh Estates: In 2010, Book Running Lead Manager, Rs. 4.1 bn Shree Ganesh Jewellery House:: In 2010, Book Running Lead Manager, Rs. 3.7

bn

Claris Life Sciences : In 2010, Book Running Lead Manager, Rs. 3 bn Parabolic Drugs: In 2010, Book Running Lead Manager, Rs. 2 bn Commercial Engineers & Body Builders Co: In 2010, Book Running Lead

Manager, Rs. 1.7 bn

Adani Power: In 2009, Book Running Lead Manager, Rs. 30.2 bn JSW Energy: In 2009, Book Running Lead Manager to the IPO of Rs. 27 bn Godrej Properties: In 2009, Book Running Lead Manager, Rs 4.7 bn

Indian Depository Receipts (IDRs)


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Standard Chartered: In 2010, Syndicate Member ? first-ever issuance of an IDR,Rs. 24.8 bn

FPOs

NTPC: In 2010, Book Running Lead Manager, Rs 84.8 bn Power Grid Corp. Of India: In 2010, Book Running Lead Manager, Rs 74.4 bn Rural Electrification Corporation: In 2010, Book Running Lead Manager, Rs

35.3 bn

Shipping Corporation Of India: In 2010, Book Running Lead Manager, Rs 11.6bn

Engineers India: In 2010, Book Running Lead Manager, Rs 9.6 bn

Public Issue of Debt

Shriram Transport Finance Company: In 2010 & 2009 , Lead Manager, Rs 15bn

L &T Infrastructure Finance Company: In 2010, Lead Manager, Rs 2.6 bn

QIPs

Adani Enterprises: In 2010, Book Running Lead Manager, Rs. 40 bn GMR Infrastructure: In 2010, Lead Manager, Rs. 14 bn Lanco Infratech: In 2009, Book Running Lead Manager, Rs. 7.3 bn Alok Industries : In 2010, Book Running Lead Manager, Rs. 4.2 bn Network18 Media & Investments: In 2009, Book Running Lead Manager, Rs. 2

bn

3I Infotech: In 2010, Book Running Lead Manager, Rs. 1.8 bn


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Texmaco: In 2009, Sole Book Running Lead Manager, Rs. 1.7 bn Adhunik Metaliks: In 2009, Book Running Lead Manager, Rs. 1.4 bn

Rights Issues

Adani Enterprise: In 2010, Lead Manager, Rs. 14.8 bn IBN18 Broadcast: In 2010, Sole Lead Manager, Rs. 5.1 bn Television Eighteen India: In 2009, Lead Manager, Rs. 5.04 bn Infomedia18 : In 2009, Lead Manager, Rs. 1 bn Open Offer Fame India : In 2010, Sole Manager to the Offer, Rs. 1.8 bn Zenotech Laboratories : In 2010, Sole Manager to the Offer, Rs. 1.1 bn OCL Iron & Steel : In 2009, Sole Manager to the Offer, Rs. 0.56 bn

Delisting

Sulzer India : In 2010, Sole Manager, Rs. 0.81 bn Lotte India Corp: In 2009, Sole Manager, Rs. 0.4 bn Avery India : In 2009, Sole Manager, Rs. 0.29 bn

Landmark Transactions

Tata Motors: First Rights Issue of shares with Differential Voting Rights Tata Capital: First public issue of secured Non Convertible Debentures (NCD) Daiichi Sankyo Co: Sole Managers to the one of the largest open offers of Rs

68.2 bn

Bharti Airtel: First 100% Book-Built IPO in India HP: First delisting transaction in Indian markets using the Reverse Book-building

mechanism

Punjab National Bank: Initiated the Book Building mechanism for Public SectorBanks

NTPC: First FPO under alternate book building (French Auction) route


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Network 18 : First Rights Issue done on the basis of Partly ConvertibleCumulative Preference Shares with a three in one structure

Television Eighteen : First IPO of a News Channel

Maruti Suzuki: First Government Of India Divestment through IPO Sify: Sponsored ADR of an unlisted Indian company

ICICI Securities assists global institutional investors to make the right decisions through

insightful research coverage and a client focused Sales and Dealing team. A dedicated

and specialized research team ensures flow of well thought-out and well-researched stock

ideas and portfolio strategies.

The Sales and Dealing team has demonstrated strong sales and execution capabilities of

actionable ideas to clients which have resulted in good relationships across geographies.

ICICI Securities enjoys the first mover and market leader advantage in the derivatives

segment and offers the entire spectrum, from set-up to trading strategy.

The equity group leverages research and distribution reach to domestic and foreigninstitutional investors in case of public offerings. The research team tracks over 15 key

sectors of the Indian economy and publishes in-depth research reports every year. The

equity group acts as a bridge for institutional investors and corporate clients with the

markets.

ICICI Securities is the first domestic Investment Bank to organize theme based

conferences in New York, Shanghai, Singapore & Hong Kong.

ICICI Foundation for Inclusive Growth (ICICI Foundation) was founded by the ICICI

Group in early 2008 to give focus to its efforts to promote inclusive growth amongst low-

income Indian households.


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We believe our fundamental challenge is to create a just society one where everyone

has equal opportunity to develop and grow. Towards this end, ICICI Foundation is

committed to making Indias economic growth more inclusive, allowing every individualto participate in and benefit from the growth process.

We hold a set of core beliefs and values that defines our pathway towards inclusive

growth and guides our five strategic partnerships.

Vision

Our vision is a world free of poverty in which every individual has the freedom and

power to create and sustain a just society in which to live.

Mission

Our mission is to create and support strong independent organizations which work

towards empowering the poor to participate in and benefit from the Indian growth

process.

As a key partner in India's economic growth for more than five decades, the ICICI Group

endeavors to promote growth in all sectors of the nations economy. To give focus to its

efforts to promote inclusive growth amongst low-income Indian households, the ICICI

Group founded ICICI Foundation for Inclusive Growth in January 2008.

The foundations of ICICI Groups approach towards human and social development were

established with the Social Initiatives Group (SIG), a non-profit resource group within

ICICI Bank, in 2000.
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ICICI Foundation for Inclusive Growth (ICICI Foundation) has been set up as a public

charitable trust registered at Chennai vides registration of the Trust Deed with the Sub-

Registrars Office at Chennai on January 04, 2008.

The application for registration of the Foundation under section 12AA of the Income tax

Act, 1961 (the Act) was filed on February 7, 2008 and the application under section

80G of the Act was filed on February 14, 2008. Subsequently, ICICI Foundation was

registered as a PUBLIC CHARITABLE TRUST under Section 12AA of the Act with

effect from February 7, 2008. Further, ICICI Foundation received approval under Section

80G(5)(vi) of the Act on March 19, 2008. This approval is valid in respect of donation

received by ICICI Foundation from February 14, 2008 to March 31, 2009. Accordingly,

ICICI Bank and Group Companies will be eligible to get a deduction under section 80G

on donations made during this period.

ICICI Foundation has also obtained its Permanent Account Number (PAN) and Tax

deduction Account Number (TAN).

Funds Flow 2008-2009

ICICI Foundation received Rs.617.80 million from the following sources as grants:

(January 4, 2008 to March 31, 2009) (spanning two financial years)

Source (January 4, 2008March 31, 2009)Amount (Rs.

million)

ICICI Bank 500.00

ICICI Prudential Life Insurance 67.72

ICICI Lombard General Insurance 17.12


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ICICI Securities 14.98

ICICI Securities PD 6.99

ICICI Home Finance 1.99

ICICI Venture 9.00

Total 617.80

ICICI Foundation also incurred total expenses of Rs.1.25 million during this period andhad a fund balance of Rs.61.55 million as on March 31, 2009.

Disbursements (January 4, 2008 to March 31, 2009)

Grant Beneficiaries (January 4, 2008March 31, 2009)Amount (Rs.

million)

ICICI Foundation Programmes

ICICI Centre for Child Health and Nutrition 150.00

IFMR Finance Foundation 200.00

Environmentally Sustainable Finance 20.00

CSO Partners 50.00

CARE (Policy Unit) 5.00

Strategy and Advisory Group 20.00

ICICI Group Corporate Social Responsibility Programmes


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Read to Lead 25.00

MITRA (ICICI Fellows Programme) 55.00

CARE (Disaster Management Unit) 5.00

Rang De 25.00

Total 555.00

Grant Beneficiaries for 2008-2009

ICICI Foundation Programmes

ICICI Centre for Child Health and Nutrition (ICCHN)

The grant of Rs.150.00 million was provided to ICCHN by way of corpus support and

for pursuing various projects consistent with its mission.

IFMR Finance Foundation (IFF)

The grant of Rs.200.00 million was provided to IFMR Finance Foundation by way of

corpus support and for pursuing various projects consistent with its mission.

Environmentally Sustainable Finance (ESF)

The grant of Rs.20.00 million was provided to ESF for their collaboration work with

Rural Energy Network Enterprise (RENE) on sustainable energy and environment

projects benefiting remote rural end users. The proposed projects will promote

developing tools and driving innovation to scale rural energy access for remote rural

users.
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CSO Partners

The grant of Rs.50.00 million was provided to CSO Partners by way of corpus support

and for pursuing various projects consistent with its mission.

CARE (Policy Unit)

A grant of Rs.5.00 million was provided to CARE, an Indian NGO that is closely

affiliated with CARE (USA), to create a policy unit in Delhi. Learning from CAREs

work in India and world-wide as well as from the work of ICICI Foundation and its

partners, the unit will serve as a platform to engage the government and policymakers in

an effort to bring about required policy changes in areas such as maternal and child

health.

Strategy and Advisory Group (SAG)

Charitable foundations in India and world-wide struggle to fully develop the strategy

formulation, knowledge management and impact assessment dimensions of their work. A

grant of Rs.20.00 million was provided to Strategy and Advisory Group (SAG), a team at

Centre for Development Finance that provides strategic advisory services to clients in the

development sector, to develop these functions and to offer their expertise to foundations

in general, including ICICI Foundation.

ICICI Group Corporate Social Responsibility Programmes

Read to lead is an initiative of ICICI Bank to facilitate elementary education for

disadvantaged children in the age group of 6-13 years. An amount of Rs.25.00 million

has thus far been disbursed to 100,000 children through 30 NGOs. The balance amount of

Rs.75.00 million is planned to be disbursed during the period 2009-2010.

MITRA (ICICI Fellows Programme)
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MITRA is an affiliate of CSO Partners that is focused on addressing the challenge of

human resources for civil society organizations (CSOs). In partnership with CSO Partners

and MITRA, ICICI Foundation proposes to launch an ICICI Fellows Programme. Anamount of Rs.55.00 million has been disbursed to MITRA for developing and launching

the programme over the period 2009-2010.

CARE (Disaster Management Unit)

A grant of Rs.5.00 million has been given to CARE in India to enable it to prepare for

any future disasters that may strike and respond immediately with the required relief

efforts.

Rang De (Micro Enterprise Development)

Rang De, an affiliate of CSO Partners, has partnered with ICICI Venture to roll out funds

for micro enterprise development in rural and semi-urban locations. The amount of

Rs.25.00 million that has been disbursed to them will support micro enterprises to the

extent of Rs.15.00 million and the balance amount of Rs.10.00 million will go towards

meeting their expenses to build the platform.

OBJECTIVES:

Objective of this study is to analyze the Past Performance of the various Mutual Funds

Schemes on the Basis of there Historical NAVs and application of statistical tools on the same.

This helps in understanding the performance of mutual fund schemes in terms of both risk as

well as return involved
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1st chaptetr of icici securities of performance in mutual funds

Documents