1. Portfolio Interim Update on November 9th 2012Our key objective is to pick the right stocks at the right time by paying a fair price tobuild a balanced portfolio which will enable us to outperform the markets and achievesuperior risk adjusted returns. We aspire to generate wealth by compounding money at ahealthy rate by spotting profit making opportunities in solid companies with strongmanagement which are available at a good discount to their intrinsic value. s (TMP) An Innovative Offline PMS

2. Portfolio companies of TMPONLY FOR EXISTINGMEMBERS OF TMPTMP Returns = + 54.5 % Vs sensex returns = 12.3 %equity exposure = 91.52% Cash Exposure = 8.48%You can look into the Performance in this Tough Period from comparing this returns with thaton Start of the Year Jan 29, 2012, Specialists in discovering Multibagger stocks 3. Medium Term - Portfolio Guidance Accumulating Greaves Cotton & Bajaj Electricals :We are in the process of accumulating Greaves Cotton & Bajaj Electricals in our Portfolio. We aremore inclined towards Greaves Cotton considering the void in Capital Goods and manufacturing sectorstocks in our Portfolio. Bajaj Electricals helps us to add exposure to the Consumer part of the economy. Withthe environment bad, there are lot of bottom fishing that can be done in the markets. in this sector. GreavesCotton being a Quality Engine Manufacturer with High Return Ratios and decent valuations perfectly fitsour bill. Bajaj Electricals fills the slot of a steady Compounder. Looking into Persistent Systems & other IT Stocks :Our research team has come out with good research reports Persistent Systems. We are evaluating thesuitability of these stocks to our portfolio. We would take call after a rational risk check on the portfoliocompared to the expected returns. IT Stocks is required as a play on the Global Economic recoverycombined with a hedge towards an unexpected Currency depreciation. Maintain the stock exposure to Mid-Cap Gems : While our overall Portfolio Holding is at a respectable +92%, we still have enough cash to be deployed inadding exposure to New Mid-Cap gems. Since, we run a Mid-Cap portfolio we believe having a decentamount of cash is a necessity to take advantage of Opportunities which will arise going forward. We would also like to add certain high dividend yielding stocks in order to create a regular cash flow forour investors. Balancing will also be done by adding stocks across sectors . Continuing with our bullishnesson select Mid-Cap stocks which can grow sustainably, we will increase allocation to them and therebymaintain the overall Equity Allocation % around +92% consistently going forward. Specialists in discovering Multibagger stocks 4. TMP Connect[For new members joined TMP]New Members who has joined during last two months needto replicate TMP Connect ONLY, Since they are joining inbetween hence a replica of actual TMP is created for them. Specialists in discovering Multibagger stocks 5. Your TMP Connect [Only buy these stocks listed below]Company NameAllocation (as a % of your total planned Allocation % - If yourportfolio size)planned portfolio size is say 10 Lacs, you will beCera Sanitary ware5% allocating Rs50K towards ONLY FOR EXISTING Arshiya International atArshiya International Ltd 4% CMP which is 5% MEMBERS OF TMPPoly Medicure 4% allocation.Sanghvi Movers10% Please follow TMP Update which is releasedKarur Vysya Bank10%once a month for further buying price range for allBajaj Electricals 8% stocks in the portfolio.DHFL10% Stocks which are not thereHSIL12%in this list, will slowly be phased out of the mainBiocon9% portfolio. Hence, dont buy them unless initiated.Indiabulls Financials 9% Because of the fall inGreaves Cotton9% markets, new membersCash10%will be able to buy certain stocks at better prices .Total 100 % Specialists in discovering Multibagger stocks 6. TMP Update [For existing members] Specialists in discovering Multibagger stocks 7. Existing TMP (as on November 9, 2012)ONLY FOR EXISTINGMEMBERS OF TMP Specialists in discovering Multibagger stocks 8. Transactions in the Portfolio Specialists in discovering Multibagger stocks 9. Reshuffled TMPONLY FOR EXISTINGMEMBERS OF TMP Specialists in discovering Multibagger stocks 10. Summary of TMP Our Stock Exposure is currently above 90% of the overall Portfolio. Going forward, we would like tomaintain exposure at such High levels. The total number of stocks is at 11. We intend to run a fairly tight and balanced portfolio. Hence, wewould not like to add new stocks without proper replacement. During every significant fall, we shall be deploying cash pretty aggressively in fundamentally goodcompanies . We have sufficient cash to average down, if required. Incase of opportunities where risk-reward is very attractive than any of our existing portfolio stock, wewould take a rational decision to swap the current share with the new stock. Specialists in discovering Multibagger stocks 11. Notes/ Reasoning for Transactions in TMPBuy Bajaj Electricals :One important thing about our Portfolio has been the low Exposure to Consumption stocks. Whilewe have indirect plays on Domestic consumption like Sanitary ware, Housing Finance, Glass etc in ourONLY FOR EXISTINGportfolio a direct play on discretionary spending has been missing. One of the important reasons forMEMBERS OF TMPthe Low Exposure in this space has been the very high Valuations with which these stocks have beentrading. While they deserve a premium valuation for the Quality of business, such a huge Over valuationdoesnt provide enough Margin of Safety to enter into those stocks.Bajaj Electricals is one of the few consumer stocks which is still available at good valuations, primarilybecause of a low margin B2B business attached to it. We believe that the consumer business whichcontributes to over 70% of Topline and almost entire EBIDTA is as good as any FMCG stock. In fact thisbusiness has ROCEs in excess of 70% which is phenomenal. The E&P business of Bajaj Electricals hasbeen bleeding and performing very badly over the past few quarters which has taken sheen of its overallperformance. This allows Long Term Investor like us to accumulate the stock at attractive levels. The company has Huge Moats in its business with a Dominant positioning in most of its productcategories. We believe the business has the potential to grow at 3X Indias GDP growth for many moreyears which creates Huge opportunities for Share Holder value creation. Also addition of Bajaj Electricalswill help in adding a more Stable stock which will act as a counter-force to our stocks Investment Stockslike Greaves Cotton and Sanghvi Movers. With Sales Growth + Margin Expansion + Valuation Re-rating,we have a winner on our cards and do Invest into the Stock. For more, read the detailed Research Report. Specialists in discovering Multibagger stocks 12. Notes/ Reasoning for Transactions in TMPAccumulate Greaves Cotton :In line with our guidance of accumulating more Greaves Cotton, we are adding a little more of thestock to our portfolio. Greaves Cotton is earning most of its Revenues and profits from Automobile ONLY FOR EXISTINGEngines. Hence it can be classified as an Auto Ancillary with strong Return Characteristics. Considering MEMBERS OF TMPthat we are exiting an Auto Ancillary in ACGL, it makes more sense to accumulate more of this stock.Moreover considering the Tri-Poly nature of Engines segment with strong Share Holder value creationopportunities, we believe Greaves will provide better Risk-Adjusted returns to our portfolio. GreavesCotton will also be a play on Domestic Cyclical rebound apart from its Strong Business characteristics.Exit Automobile Corporation of Goa (ACGL) :Automobile Corporation of Goa is a stock which is being exited not because of any severe negativefactors, but only to make way for better stocks which will suit the Overall Portfolio better. WhileACGL still continues to be under-valued with a reasonable Dividend Yield, its Business Quality isdefinitely less than that of a Greaves Cotton or a Bajaj Electricals. Hence, when these businesses are availableat Good Valuations it makes more sense to take advantage of the opportunity and accumulatethese businesses. We also dont want to diversify too much and hence intend to build a concentratedportfolio with the required Risk Diversifications. So, its better to trade in this stocks for the otherTwo. This move is also in our line with, Water your Flowers while you Cut your Weeds. To just point,Weeds & Flowers are not based on Stock Performance but on the business Performance and its Quality. Specialists in discovering Multibagger stocks 13. Next Update - November 30, 2012As mentioned in the previous reports, we would be giving regular update reportsat the end of each month. In addition to this, we would be buying/ selling stockswhenever there is a good opportunity ( we expect to have a new Stock addition duringthis Month at an appropriate time) and also keep you updated on the changes.We would be providing the following in the this Month end report , Quarterly Earnings Update of Portfolio Stocks. News Update on the companies and also price update of stocks. Specialists in discovering Multibagger stocks 14. Sit back and Relax while your Money works Hard for you ! A Fund which is backed by the Best EquityResearchA Fund which invests in Strong secular growthcompanies which will beHBJ Capital Ventures LLP the leaders of the NextBull Market !- Your Partner in Wealth Creation For additional Details, Call us +91-9886736791 15. THANK YOU Specialists in discovering Multibagger stocks