Ver. 1.0 / July 2012

Research Desk Customer ServiceCommodities Research Desk My Gold Plan Mutual Fund Desk RGurukool Corner

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Product of the Month Currency Research Desk

Range-bound October; will November festivities bring cheer?

RM

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Dear Investor,

After a sharp rally (~8%) in September 2012 on the back of the sudden outburst of various reforms initiatives announced by the UPA-II

government, October was relatively a sedate month, more in the nature of consolidation for the Indian stockmarket, as investors digest the gains

from the sharp rally and analyze the announcements for their potential impact. The consolidation can also be gauged from the fact that October

was the least volatile month in 2012 so far with the Sensex witnessing a range of about only 600 points compared to a 1,300+ points average

range in the previous 9-months. Thus, for the October series, the Sensex and the Nifty managed a gain of about 1%. However, the month saw

heightened activity in the Mid-cap and the Small-cap segments of the market with the respective indices gaining about 2% and 3%.

On the global front, investors’ focus shifted from the developed world to the emerging world as visible from the behaviour of the global indices.

Thus, while the US markets lost about 2% (S&P 500) to 5% (Nasdaq), the European indices ended flat (FTSE up ~0.5%) to negative (Germany

down over 1%). However, the Asian pack outperformed with gains across most markets i.e. Singapore (~1%), Shanghai (~2%), Malaysia (~3%)

and Hong Kong (~5%). The lackluster European markets behaviour was on the back of concerns over an economic recovery in the near-term as

the countries in debt are hesitant as yet to make any material progress on fiscal control measures. Further, economic newsflow in the region was

also not encouraging. The US markets too traded with a negative bias, despite recovery in various economic data points, primarily hit by weak

corporate results/guidance by leading global companies, which overshadowed hopes of a sustainable US recovery.

As for India, enthusiasm on the back of the recent reform measures (and more in October like passage of Insurance Bill, Pension Bill and

Companies Bill 2011) had already pushed the indices to 52-week highs. However, in the current political scenario, market may opt to wait for

some time, as the cabinet approved bills have to face the acid test of getting clearance from the Parliament before they can become law.

Further, with the ongoing results season, market participants may like to have greater clarity before taking a directional view on the market

overall. Nonetheless, an important trigger that the market is waiting for is resumption of interest rates cut by the RBI (effected 50bps token cut

in April 2012). While a large section of the market is hoping for this, a strong August IIP has once again raised apprehensions that the RBI

may skip reducing interest rates citing continued high inflation. Nonetheless, we believe that while the timing of an interest rate cut is difficult,

the fact that the interest rate cycle is at its peak and can only head lower over the next 12-18 months is good enough a trigger point for new

highs to be made by the indices in the coming months on the back of resurrection in consumption/investment cycles.

Yours Sincerely

Santhosh UnikkatBusiness Head

ISO 9001:2008: Reliance Securities Limited holds a certificate issued by BSI Management System India Pvt. Ltd to the effect that it operates a Quality Management System that complies with the requirements of ISO 9001:2008 for providing equity & equity derivative trading services through online trading system. Registered Office: Reliance Securities Limited, 11th Floor, R-Tech IT Park, Western Express Highway, Goregaon (East), Mumbai - 400063. Tel: +91 22 3320 1212. (NSE SEBI Registration Number: INB / INF / INE 231234833; BSE SEBI Registration Number: INB / INF / INE 011234839)

From the desk of Business Head

Sensex

S&P CNX NIFTY (5,664)

During October 2012, the NIFTY rose to fresh 52-

week highs by moving past the 5,800 mark.

However, profit-booking in front-line counters led the

index to retrace back to 5,600 levels, which was

along our expected lines. Consequently, emerging

of buying at around these levels saw the NIFTY then

consolidating in a narrow range between 5,630 to

5,730 levels. Thus, for the October series (on F&O

expiry basis), the S&P CNX NIFTY closed with a

gain of about 1%.

Technically, we continue to remain positive with 20-

Month EMA (Exponential Moving Average) placed at

5,304 level. Immediate resistance for the index is

placed around the April 2011 high of 5,944 mark.

Additionally, RSI above 50 and MACD (9,24) now

above the neutral line will help the NIFTY to move

higher in the next couple of months. Long positions

can be kept open with trailing stop loss of 5,530.

CAIRN (` 335):

Cairn India slipped sharply from a level of ̀ 367 to its recent low of

` 323. Off-late, the stock has been consolidating above ` 325,

however, has faced stiff resistance around ̀ 345. RSI (14,9) above

50 mark indicates strength in the stock while MACD (9,24) is

about to move past the zero mark, which may bring about further

positive action in the stock in the next few weeks. Long positions

can be built around the recent support range of ` 328-320 for a

target of ̀ 355-360 with a closing based stop loss of ̀ 315.

IDFC (` 158)

IDFC has reversed thrice from about ̀ 170 levels since April 2011

with lower lows. However, currently, it is trading above the key

support baseline of about Rs148. Momentum indicators RSI

(14,10) & MACD (12,26,9) are heading above their respective

neutral lines. As per the current set-up, we believe the stock can

make a fresh 52-week high in the short-term. Thus, while we are

optimistic about the stock, fresh long positions are recommended

only in the `152-148 range with closing based stop loss of `143

and a target of ̀ 165-170.

Nifty (5,664) – Technical View for the month

Technical picks for the month

Sensex

*Source refer to Market Lens August

*Source refer to Market Lens August

From

Research Desk

Note: Since all above recommendations are on BUY side, traders can either keep strict stop loss on stock or dilute the position in case of S&P CNX NIFTY closing below 5,500 mark. Buying in parts advisable at current levels.

Research Desk

Strike Rates - October 2012

Source: Refer Daily Market Lens

Some Fundamental Call updates:

Note: As on October 25, 2012; * CERA was earlier recommended in April 2012 @ Rs257 with a Target Price of Rs332, up 29%

Sensex

From

Research DeskFrom

Fundamental / Technical Calls performance

Note: As on October 25, 2012; Source: Refer Daily Market Lens / LIVE Market Calls

Sensex

From

Research Desk

Disclaimer at the last page

Step 1: https://trade.rsec.co.in/

Step 2: Select Rofferings > Model Portfolio

How to Invest online

To know more visit: http://www.rsec.co.in/products-and-services/financial-Services/equity/rmodelportfolio

Reliance Securities Model Portfolio performanceSince inception on October 3, 2011, The Reliance Securities Model Portfolio has outperformed its benchmark (Sensex) by about 2%!

Sensex

Product of the Month

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the shares lying in demat account.

The scrip’s against which exposure is allowed will be defined by

RSL, and will change from time to time, not on daily basis, but

periodic basis.

This facilitates client to take positions in market even if ledger

has zero cash but has specified stocks in demat account.

Exposure will be allowed against the value which comes after

applying a pre-defined hair-cut (ranging from 20% to 60%) on

the scrip.

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To avail Shares as collateral facility, No action is required from

client side. System automatically calculates the collateral value

for all the eligible scrip’s lying in client’s depository account

(after applying haircut) & allows the client to take exposure

against such collateral.

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like bonus dividend etc.

If client takes positions against collateral, and if margin is not

paid in cash by end of day, then delayed payment Charges

(DPC) will be charged.

Shares as Collateral

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Advanced Charting:

Check here for details on :

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Shares as Collateral

The number of client request serviced in the month of Aug 21465

% of client request serviced within defined TAT 99%

Customer service Performance

Max Multiplier is another variant of current Margin intraday square-off (MIS) product.

This is also known as Cover order (CO). This cover order allows you to take leverage as per your risk appetite along with the power to limit your downside.

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u Cover order can be placed before 3:10 PM.

Max Multiplier

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Help yourself Tips

For more detailsvisit our website www.rsec.co.in or contact our customer support on022-39886000, 22866000, 33506000 ore-mail us at customer.support@rsec.co.in

From

Sensex

From

Customer Service Team

Today I Called Your Customer Service

Number To Reactivate My Account

Which Had Turned Dormant. Rohan

Srivastava Was Your Executive Who

Helped Me Through My Problem. He

Was Quick To Understand My Problem

And Very Courteous In Guiding Me To

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Suggestions On How To Use My

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New Delhi on Oct 17, 2012

Awareness Tips

Please do not share your Account Details with any one

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highly appreciate her

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Dinesh Sharma,

New Delhi on Oct 17, 2012

Sensex

From

Currency Research Desk

For more information:

Visit Our Branch

SMS <RSEC CD> to 53636022-3988 6000www.rsec.co.in

currency@rsec.co.in

Disclaimer at the last page

USDINR

Last week, despite signals from the Government of India to cut rates to

propel growth, the RBI remained focused on inflation control. It kept

the repo rate unchanged though reduced the cash reserve ratio by 25

basis points. This weakened the rupee further. Also, the RBI revised

downwards the GDP growth projection for 2012-13 from 6.5 per cent

to 5.7 per cent, raised the March-end inflation estimate from 7 per cent

to 7.5 per cent, and flagged off concerns about worsening current

account deficit. Recently, the demand for dollars from importers and

the government for defense related purchases, ebb in global risk

appetite and mild correction in equity market resulted in a V-shape

downward movement in rupee. In the global currency market, fears

about the impact of Hurricane Sandy in the US saw a move towards

the safety of the dollar. This resulted in the Dollar index making gains

and closing above the 80-level mark during the week. In the absence

of any major developments in the domestic markets, the focus will shift

to global developments over the next two weeks. The US presidential

election is around the corner and that will also play a role in

determining the international market mood.

Technical Outlook

USDINR NSE has witnessed an upside

rally of 1.47% compared to the fall of -

4.54% in the month of September.

Despite last months positive move,

trend in USDINR stil l remains

uncertain, as it tried to retest the falling

trend line resistance during last month,

but failed to recoup above channel

support, now is the key resistance for

the month of November for a projected

downside target of 51.35 and 50.60.

Currently prices are trading in falling

trend line(seen in blue line) as well as it

is seen trading below 9 and 18DMA

infers selling pressure in the counter

towards 53 and even 49.43 which are

50 and 100DMA respectively. Contrary

to this, any breakout of rising channel(Orange lines i.e., above 54.10), would trigger another round of depreciation in rupee that would lead it

to 55.30 -56.00 levels. would be an opportunity of short selling for the possible target Rs 51.95 which is 61.8% retracement levels

of the rise from 48.50 to 57.32. Furthermore, any close below the same may knock it down towards Rs 50.80 in medium term.

from the lows but failed to recoup the fall , we expect the trend

change to mildly bearish till 31550 for the first half of the month and

expect to recover in the 2nd half.

In COMEX Gold is expected to see a fall till $1785 and even $1761

if 1700 per Troy ounce is breached on downside, if not broken then

can see a relief rally till $1735 per Troy ounce which marks the

38.2% retracement levels of the fall from $1795.9 to 1698.2 per

Troy ounce

If $ 1700 breached down one can expect Gold prices to slide

towards $1685 and 1661 per Troy ounce. Further rallies on upside

can be expected hence only on a close above $1735 per Troy

ounce towards $1758 and $1790 per Troy ounce or any correction

towards $1700 troy ounce can attract buying activity. In MCX we

expect trend to remain sideways to mildly bearish till 30550 per

10gms. And breakout level at 31200 further rallies can be expected

hence only on a close above Rs 31200 per and heading towards Rs

31720 & 31950 per 10gms or any correction on profit booking can

see buying activity from Rs30550.

MCX Gold prices seen more under the pressure of strengthening

rupee against US dollar. Rupee dominated MCX gold’s sideways

movement throughout the month can expect the same this month

also. We recommend to enter in market with Buy position around

Rs 30700 and 30550 per 10 gms for a potential upside Target of Rs

31450 and 31720 in Dec Contract.

Silver COMEX breakout above $30.3 per Troy ounce seen

continuing even for the month of September till $35.19 and

currently trading at $34.43 per Troy ounce. Despite strength in

Indian rupee against US Dollar, Silver MCX has strengthened by

Rs 4379 per Kg (Comparatively Aug month +Rs 4430 per Kg).

Similarly no major correction was witnessed but a price drop of

5.9% was witnessed from highs of Rs 65723 till 61830 per Kg. A

genuine correction of the rally from Rs 53520 to 65723 per Kg is till

Rs 61061 per Kg which is 38.2% cannot be ruled out for this month.

One can witness major upside rally only when prices settle well

above Rs 63325 per Kg. There is no change in the long term bullish

outlook in Silver despite short term corrections. While some more

Silver

*Source Technical Snapshot Commodities

Precious Metals:

Gold

Commodities overall delivered their worst monthly returns since

May, losing 4.1% in October

on the S&P index of 24 natural

resources and unwinding the

last of 2012's gain to date.

Stock markets internationally

struggled in October. The Dow

finished the month with a 2.5%

loss, with the S&P 500 off 2%

and the NASDAQ down 4.5%.

The drop in equities prompted

traders to buy the U.S. dollar, which is seen as a safe-haven

investment. And that, in turn, put pressure on dollar-denominated

commodities, including gold, because it makes them more

expensive for holders of other currencies. The precious metal is

likely to remain stuck in a tight band in the coming weeks, ahead of

key event risks viz., release of U.S. nonfarm payrolls, the U.S.

election, a change of power in China, plus the routine policy

meetings of various central banks though historically gold has

performed strongly in November. Economists expect U.S. job

growth to have picked up slightly in October, but not enough to

prevent the unemployment rate from rising off a four-year low.

Investors are waiting for the result of next week's presidential

election to get a fuller picture of what the next government will do to

help economic growth. The looming fiscal cliff - automatic tax hikes

and government spending cuts starting the beginning of next year if

the U.S. Congress fails to act - will be supportive of Bullion. The

devastation of Hurricane Sandy will prove to be a further blow to the

already fragile U.S. economy. The destruction of property and vital

infrastructure - two of the vital components in the wealth of a nation

is negative for the economy. The last thing the over indebted

families and close to default U.S. government needs are more very

expensive reconstruction works. Reconstruction and 'stimulus' has

to be paid for either by the tax payer in the form of taxes or a further

increase in the money supply and inflation.

As expected in the last month report Gold MCX drifted down till Rs

30950 and 30827 per 10gms and has witnessed a healthy bounce

Research Desk

*Source Technical Snapshot Commodities

medium term consolidation cannot be ruled out between $35.2 and

$33.4 per Troy ounce in Comex, or we expect prices to remain

range bound between 35.2 and 33.4 further buying can be seen

only above $35.2 or near to $33.4 per Troy ounce for the next

potential targets of $40.4 and 43.9 per Troy ounce levels in the long

term.

Chinese and European growth worries were the key concern for

base and industrial metals as markets remain unsure where the

supply/demand balances will be in the next couple of months. In

addition to Chinese and European woes, there are some worries

that relatively steady growth in the U.S. will keep the Federal

Reserve from being more aggressive with boost growth in the near-

term. Under the massive global central bank stimulus, commodity

markets have "overreacted" and they are now at or near support

levels and are ready to move up once they get a good reason. If

there is an additional bit of bad news, any resulting correction

should be relatively short-lived and modest owing to the technical

environment. Overall, we can expect intermittent upward pullback

in base and industrial metals during October 2012

Aluminium MCX is seen moving in a Expanding triangle and seen a

correction of 7.35 %( October) vs. 5.31% (September), in the

process aluminum prices retested expanding triangle support as

well as 200Day moving average and bounced infers short term

support /Lows are formed. Much confirmation of bullishness is

seen only on a close above Rs105.35 per Kg which is last week’s

high, for a potential targets of Rs109.1 and 111.1 per Kg which

marks the 50 and 61.8% Fibonacci retracement levels of the fall

from Rs117.55 to 100.7 per Kg. Besides it’s also noticed Aluminum

MCX prices never fell below 100 and also never closed below

200DMA since Sep 2010, but in the process made highs of 124.15.

We recommend accumulating near 101 or on a close above 105.35

for a potential target of 111placing a stop below 100 on closing

basis.

The technical Indicators Relative strength index (RSI) seen rising

Industrial Metals

AluminumPick of the Month:

from the lows of 40, with Moving average Convergence and

Divergence (MACD) is seen in Neutral

According to the Ministry of Agriculture, 99.81 Lakh hectare area

has been planted under Kharif pulses as on 21th September, 2012

compared to 108.28 lakh hectare (ha) same period last year.

Production of Kharif pulses, harvesting of which would commence

from next month, has been estimated lower by 14.6% at 5.26

million tonnes compared with 6.16 mn tn last year. Currently Chana

is trading sideways to down that is expected to take cue from

sowing progress of Kharif crop. Edible oil complex may recover

during initially on account of recovery in international markets.

However, arrival pressure before Diwali festival may pressurize

prices at higher levels and thus prices may settle lower towards the

end. Kapas is expected to trade sideways in the absence of any

clear-cut driving force. Despite festive season, overall sentiments

in domestic agro commodities remain softer for the coming month.

Agro Commodities

For details, please visit to our website

www.reliancecommodities.co.in

Technical outlook of commodities futures for the month of November

For more information:

Visit Our Branch

SMS <RSEC RCM> to 53636022-3988 6000

customer.support@rsec.co.in

Disclaimer: This report is prepared exclusively for Reliance Commodities. The information and opinions contained in the document have been compiled from sources believed to be reliable. Use of data and information contained in this report is at your own risk. This document is not, and should not be construed as, an offer to sell or solicitation to buy any commodity. Reliance Commodities Ltd. do not accept any responsibility for any losses or damages arising either directly or indirectly from the use of this document.

www.reliancecommodities.co.in

Registered Office: Reliance Commodities Limited, 11th Floor, R-Tech Park, Nirlon Compound, Western Express Highway, Goregaon (East), Mumbai - 400063. Tel: +91 22 33201212. Registration Numers: MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647

Exc Contract PCP Trend Technical View

Precious Metals

Gold MCX Dec 30842 Sideways down MCX gold might not witness equivalent fall due to strengthening USDINR. Set to fall moderately towards 30444 from where buying can emerge.

Silver MCX Dec 59314 Sideways down Can witness Selling pressure below 60000 for downside target if 56830

Gold COMEX Dec 1708.4 Sideways Bearish below 1720 till $1685 and 1661.

Silver COMEX Dec 32.0 Sideways Bearish till $30.8 and $29.7.

Base Metals

Copper MCX Nov 420.5 Sideways up Buy at around 410 Targets -438 and 451

Nickel MCX Nov 881 Sideways up Buy at around 850 Targets -945 and 1000

Zinc MCX Nov 100.35 Sideways Set to trade in the range of 97-107.

Lead MCX Nov 114.2 Sideways up Buy in dips near 108 for target of 120

Aluminium MCX Nov 103.9 Sideways Buy in dips near 101 for target of 110

Energy

Crude Oil MCX Nov 4677 Sideways Accumulate in dips till 4550-4480 for target of 4860

Crude Oil NYMEX Nov 86.66 Sideways up Bullish bias, to remain in range $82-$97.5.

Natural Gas MCX Nov 199.3 Sideways up Expect profit booking from 215-220 range

Sensex

From

My Gold Plan

Gold Price Movement in India:

Does the thought of purchasing gold seem like wishful thinking to you, given today’s gold prices?

Do you wish there was a way to mitigate rising inflation as well as accumulate assets?

Do you want your dream of owning physical gold, change to reality?

Do you wish there was an easier way to accumulate physical gold than waiting for prices to come down (they will not) or having

enough money in the bank?

If your answer to these questions is yes, then is what you are looking for. is

brought to you by Reliance Gold in association with World Gold Council.

Gold Price Movement in India: The

price of gold has undergone a minor

correction in domestic markets

through the 30-day period ended

October 25, 2012. The base price

decreased by Rs. 84.80 or 2.79% to

end at Rs. 2,955.20 on October 25,

following international market trends.

The fall in prices can be attributed to

the recent measures announced by

the US Federal Reserve to help boost

the US dollar’s safe haven appeal for

risk averse investors. Pressure on

gold from weakness in stocks helped

push prices to four week lows resulting in October being the first to see month on month price falls in a span of five months.

The prices moved within a range without any clear breakout, although with some downward pressure within the range. This

recent price decrease has helped drive increased

demand in India, ahead of the festive season which is an

auspicious time to buy gold.

The INR-USD exchange rate plays a key role in

determining the price of gold in domestic markets and if

recent trends in the foreign exchange markets are any

indication (the rupee depreciated from 52.4 to 53.75 or

2.57% against the greenback), then analysts expect

gold prices to firm up once again in the short term as the

rupee could depreciate further due to inflationary

pressure and poor fiscal deficit situation.

With all these factors impacting the price of gold and no predictable trends on the horizon, it makes for a strong case of

investing in gold in a systematic and disciplined manner. adopts this approach via the Daily Average

Pricing Methodology, thereby enabling the customer to accumulate 24 Karat gold at each price point.

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Sensex

From

My Gold Plan

For more information:

Visit Our Branch

SMS <RSEC GOLD> to 53636022-3988 6000www.reliancemgp.com

customer.support@rsec.co.in

Disclaimer: “MY GOLD PLAN of Reliance Gold is offered by Reliance Money Precious Metals Pvt. Ltd. Reliance Securities is offering such products as distributor only and it shall not be held responsible for any financial loss / liability.

Sensex

After a strong first quarter growth in FY 2012-13, the mutual fund income fund category witnessed strong inflows during the quarter

industry witnessed a slow down for the quarter ending September. to the tune of ̀ 28,962 crores while its asset base grew by 11.2%. At

The total asset under management as on September grew by 4.5% the same time, the gilt fund category too saw net inflows of ` 29

as compared to a 17% growth in the previous quarter. With crores with net asset growth of 2.8%. On the other hand, it was only generally the debt schemes steering the asset trend alone at the the liquid and money market category which witnessed huge quarter end, this time around it was both weakness in the equity outflows mainly on account of redemptions witnessed towards the segment and redemptions in debt that pulled down the overall end of the quarter with banks and financial institutions redeeming growth of the industry assets. Pulling out funds towards the end of their funds to meet tax obligations. The category reported outflows the quarter by banks and financial institutions to meet advance tax of ̀ 15,962 crores with a decline of almost 9% in its asset base. obligations dented the overall quarterly flows. As a result of which,

The equity segment was hit by redemptions for the second compared to huge inflows of ` 95,519 crores in the previous

consecutive quarter as profit booking creeped in with quarter, this quarter inflows were subdued at ` 6,355 crores.

strengthening equity markets. For the quarter the BSE Sensex However the assets did manage to cross the ̀ 700,000 crores mark

reported a growth of around 7% as global scenario turned positive during the quarter and currently stood at Rs 720,113 crores.

along with government reform measures announced back home

Considering the ongoing economic scenario, turnaround in the that boosted sentiments. This helped the overall equity asset base

interest rate cycle may just be around the corner. This uncertainty growth despite the outflows.

has clearly benefitted the Income and Gilt fund categories. The

Disclaimer at the last page

From

Mutual Fund Desk

Mutual Fund update

Recommended Mutual Fund Schemes

Div

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Mid

Ca

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ecto

ral

Data as on September 30, 2012

EQUITY Absolute (%) CAGR Returns (%) Volatility( 3 years)^

AUM (in Crores) 6M 1 Yr 3 Yrs 5 Yrs Since Inception SD Beta Sharpe

Birla SL Frontline Equity Fund 2853 10.97 17.42 7.29 7.01 24.81 36.46 1.12 0.48

DSPBR Top 100 Equity Fund 3534 5.13 14.64 6.44 6.88 27.82 29.12 0.9 0.51

Franklin India Bluechip Fund 5013 4.85 12.32 8.76 6.26 17.93 33.08 1.02 0.56

ICICI Pru Focused Blue Chip Equity Fund 4025 7.98 16.45 10.66 N.A 13.87 34.00 1.05 0.63

BSE-100 7.27 14.17 3.25 1.85

Franklin India Flexi Cap Fund 1696 6.67 12.42 7.45 4.58 17.03 37.45 1.15 0.51

HDFC Equity Fund 10316 5.69 12.73 9.31 8.62 20.56 45.31 1.38 0.56

ICICI Pru Dynamic Plan 4056 4.99 16.38 9.96 7.54 27.52 33.27 1.01 0.59

Reliance Equity Opportunities Fund 3830 13.79 24.2 16.89 10.44 20.87 45.17 1.35 0.69

BSE-500 6.61 12.89 3.22 1.25

HDFC Mid-Cap Opportunities Fund 2466 8.5 17.57 17.02 10.4 11.54 40.51 1.2 0.73

ICICI Pru Discovery Fund 1985 10.38 24.24 12.9 12.26 22.84 56.05 1.7 0.61

IDFC Sterling Equity Fund 1192 11.68 15.05 14.01 N.A 16.78 36.12 1.35 0.43

SBI Magnum Emerging Businesses Fund 733 18.43 22.41 22.08 6.88 23.18 46.06 1.35 0.78

BSE MIDCAP 4.11 7.82 1.47 -2.3

Reliance Banking Fund 1729 12.77 20.94 13.39 13.89 28.79 43.82 1.29 0.63

ICICI Pru Infrastructure Fund 1878 5.00 5.02 -1.91 0.51 14.72 31.1 0.96 0.2

BSE-500 6.61 12.89 3.22 1.25

*Source Morning Star

Div

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ifie

d

EQUITY Absolute (%) CAGR Returns (%) Volatility( 3 years)^

AUM (in Crores) 6M 1 Yr 3 Yrs 5 Yrs Since Inception SD Beta Sharpe

HDFC Prudence Fund 6224 6.15 12.90 12.37 10.90 18.25 35.33 -5.09 0.66

HDFC Balanced Fund 918 6.23 13.65 14.44 12.13 16.35 27.63 -4.46 0.78

Reliance Reg Savings Fund-Balanced Plan 557 11.96 20.54 10.54 11.76 13.06 33.60 -3.07 0.55

Crisil Balanced Fund Index 6.84 13.70 5.32 5.15

Liq

uid

F

un

dD

ebt F

unds

ICICI Pru Income Fund 3,219 371 1.54 3.07 5.83 10.46 6.60 0.13 1.77 0.20

Reliance Dynamic Bond Fund 3,398 1,113 1.41 3.21 6.20 12.22 8.62 0.16 2.04 0.22

Crisil Composite Bond Fund Index 1.07 2.63 4.90 9.52 7.32

Birla SL Dynamic Bond Fund NA 12,125 1.13 2.97 5.61 10.68 8.84 0.05 0.61 0.62

Templeton India ST Income Fund 821 5,978 1.08 2.81 5.54 9.97 8.90 0.03 0.23 0.78

Crisil Short Term Bond Fund Index 0.90 2.51 4.87 9.20 7.46

HDFC Cash Mgmt-Savings Fund 51 3,953 0.74 2.29 4.87 9.80 8.21 0.01 0.04 1.34

Reliance Liquidity Fund 53 7,675 0.58 1.81 3.80 7.65 6.30 NA NA 0.06

Crisil Liquid Fund Index 0.64 1.95 4.16 8.67 7.29

Return Ratios

Average Absolute (%) CAGR (%) Volatility (1 Year)

^Scheme Name Maturity (in Days) AUM(Cr.) 1M 3M 6M 1 Yr 3Yr SD Beta Sharpe

DEBT

^ Standard DeviationData as on September 30, 2012

Sensex

Model Portfolios:

Aggressive Model Portfolio: This is recommended for individuals who are willing to take high financial risk and can tolerate higher degrees of

fluctuation (sharp, short term volatility) in the value of investments for the possibility of achieving greater long term capital appreciation.

Moderate model Portfolio: This is an intermediate risk and return portfolio that provides a blend of equities and income - oriented schemes. It

aims to provide capital appreciation commensurate to the risk taken over medium to long term.

Conservative Model Portfolio: This portfolio is geared towards preserving capital. A minimal risk investment strategy is used. Seeks to hold –

but not necessarily guarantee – the principal value of an investment.

Mutual Fund Schemes Scheme Theme Aggressive % Moderate% Conservative%

EQUITY 75% 50% 25%

DEBT 25% 50% 75%

Total 100% 100% 100%

Reliance Equity Opportunities Fund Diversified 15% 10% 5%

HDFC Equity Fund Diversified 10% 10% 5%

Franklin India Bluechip Fund Large cap 10% 10% 10%

DSPBR Top 100 Large cap 10% 5% 5%

IDFC Sterling Equity Fund Mid cap 10% 5% Nil

HDFC Mid Cap Opportunity Fund Mid cap 10% 5% Nil

Reliance Banking Fund Sectoral 10% 5% Nil

Templeton India ST Income Fund Short term income Nil 10% 15%

ICICI Pru Income Pan Long term income 5% 5% 15%

Birla Sun Life Dynamic Bond Fund Medium Term Income 10% 10% 15%

1 Year FMP Short term FMP Nil 10% 15%

HDFC Cash Mgmt Fund-Savings Liquid 5% 10% 10%

Gold Fund Gold Fund 5% 5% 5%

Recommended Model Portfolios by Mutual Fund Team

From

Mutual Fund Desk

*Source Morning Star

Sensex

From

Mutual Fund Desk

customer.support@rsec.co.in

For more information:

Visit Our BranchSMS <RSEC MF> to 53636022-3988 6000

Step 1: https://trade.rsec.co.in/

Step 2: Select Investment Offering > Mutual Fund > Choose a Fund of your choice

How to Invest online

Disclaimer at the last page

NEW FMPs & NFOs for November 2012

Disclaimer:

For further information please contact:

Registered Office: Reliance Securities Limited, 11th Floor, R-Tech IT Park, Western Express Highway, Goregaon (East), Mumbai - 400063. Tel: +91 22 3320 1212.

This document is meant for the customers of Reliance Securities Limited only. In case you are a non resident, please note that you need to comply with the relevant local laws of the country of your residence, before investing. Mutual Funds and securities investments are subject to market risks, and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the Units issued by Mutual Fund Schemes can go up or down depending on the factors and forces affecting the securities market. There are no assurances or guarantees that the objectives of any of the mutual fund schemes will be achieved. The investments may not be suited to all categories of investors. Please read the Scheme Information Document and Statement of Additional Information of the respective mutual fund carefully before investing.

The views herein constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the readers. This information is meant for general reading purpose only and is not meant to serve as a professional investment guide for the readers. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Reliance Securities Limited (RSL) or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information.

Due care has been taken to ensure that the disclosures and opinions given fair and reasonable. No action has been solicited based upon the information provided herein, and the information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments.

None of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information contained in this material. RSL, the directors, employees, affiliates or representatives of RSL, associate companies, affiliates, and representatives including persons involved in the preparation or issuance of this material may from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) / specific economic sectors / mutual funds, if mentioned herein.

Reliance Securities Limited,

Fund Scheme Tenor Start Date End date

Forthcoming FMP's

UTI Mutual Fund UTI Fixed Income Interval Fund - Series II - Quarterly Interval Plan V 3 months 6-Nov-12 7-Nov-12

Kotak Mutual Fund Kotak QIP Series 6 3 months 6-Nov-12 7-Nov-12

UTI Mutual Fund UTI Fixed Income Interval Fund - Monthly Interval Plan II 1 month 7-Nov-12 8-Nov-12

Kotak Mutual Fund Kotak QIP Series 3 3 months 15-Nov-12 16-Nov-12

UTI Mutual Fund UTI Fixed Income Interval Fund - Quarterly Interval Plan III 3 months 19-Nov-12 20-Nov-12

UTI Mutual Fund UTI Fixed Term Income Fund - Series XIII - I (366 days) 366 days 19-Nov-12 26-Nov-12

Kotak Mutual Fund Kotak QIP Series 7 3 months 20-Nov-12 21-Nov-12

UTI Mutual Fund UTI Fixed Income Interval Fund - Monthly Interval Plan I 1 month 21-Nov-12 22-Nov-12

UTI Mutual Fund UTI Fixed Income Interval Fund - Half Yearly Interval Plan I 6 Months 26-Nov-12 27-Nov-12

BirlaSunlife Mutual Fund BSL Capital Protection Oriented Fund - Series 13 CPO 22-Oct-12 5-Nov-12

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SMS <RSEC RGURU> to 53636022-3988 6000 Visit Our Branches

Visit us at –

http://www.rgurukool.com/Home.aspx

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CORNER

The Simple Moving Average is arguably the most popular

technical analysis tool used by traders. The Simple Moving

Average (SMA) is used mainly to identify trend direction, but is

commonly used to generate buy and sell signals. The SMA is an

average, or in statistical speak - the mean. An example of a Simple

Moving Average is presented below:

• The prices for the last 5 days were 25, 28, 26, 24, 25. The

average would be (25+28+26+26+27)/5 = 26.4. Therefore, the

SMA line below the last days price of 27 would be 26.4. In this

case, since prices are generally moving higher, the SMA line of

26.4 would be acting as support

The chart below of the Dow Jones Industrial Average exchange

traded fund (DIA) shows a 20-day Simple Moving Average acting

as support for prices.

For more information:

Hope this article has been useful… for further knowledge on the subject visit us at www.rgurukool.com or click the link below

http://www.rgurukool.com/pivottrading/wrapper.htm

Simple Moving Average

Moving Average Acting as Support - Buy Signal

moving average is serving as a support line

When price is in an uptrend and subsequently, the moving average is

in an uptrend, and the moving average has been tested by price and

price has bounced off the moving average a few times (i.e. the

), then buy on the next

pullbacks back to the Simple Moving Average.

A Simple Moving Average can serve as a line of resistance as the

chart of the DIA shows:

Moving Average Acting as Resistance Sell Signal

moving average is serving as a

resistance line

At times when price is in a downtrend and the moving average is in

a downtrend as well, and price tests the SMA above and is rejected

a few consecutive times (i.e. the

), then buy on the next rally up to the Simple Moving

Average.

Where do we see it?

You can find them in our charts section in Instaplus or Nest trader.

Get in touch with your branch for details

Sensex

General Disclaimers:

Risks:

Disclaimers in respect of jurisdiction:

Disclosure of Interest:

This document is meant for the customers of Reliance Securities Limited only. In case you are a non resident, please note that you need to comply with the relevant local laws of the country of your residence, before investing. Mutual Funds and securities investments are subject to market risks, and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the Units issued by Mutual Fund Schemes can go up or down depending on the factors and forces affecting the securities market. There are no assurances or guarantees that the objectives of any of the mutual fund schemes will be achieved. The investments may not be suited to all categories of investors. Please read the Scheme Information Document and Statement of Additional Information of the respective mutual fund carefully before investing.The views herein constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the readers. This information is meant for general reading purpose only and is not meant to serve as a professional investment guide for the readers. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Reliance Securities Limited (RSL) or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Due care has been taken to ensure that the disclosures and opinions given fair and reasonable. No action has been solicited based upon the information provided herein, and the information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. None of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information contained in this material. RSL, the directors, employees, affiliates or representatives of RSL, associate companies, affiliates, and representatives including persons involved in the preparation or issuance of this material may from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) / specific economic sectors / mutual funds, if mentioned herein.

Trading and investment in securities are subject market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives.

The possession, circulation and/or distribution of this Report may be restricted or regulated in certain jurisdictions by appropriate laws. No action has been or will be taken by RSL in any jurisdiction (other than India), where any action for such purpose(s) is required. Accordingly, this Report shall not be possessed, circulated and/or distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations of such country or jurisdiction. RSL requires such recipient to inform himself about and to observe any restrictions at his own expense, without any liability to RSL. Any dispute arising out of this Report shall be subject to the exclusive jurisdiction of the Courts in India.

The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the securities and their respective issuers. Neither RSL nor the research analysts did have any known direct /indirect conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made, during the preparation of this Report.

General Disclaimers