Opportunity A Bull market take birth from the depth of the

bear trends. Greatest OPPOTUNITY arises out of the times

of worst crisis

Opportunity : GDP > Market CAP

Macro Variables

Falling Crude & GoldPrices

Reduction in CADCurrent Account DeficitCAD =Export - Import

Appreciating Rupee

Reduction in Crude/ Gold Import bill =falling Dollar * falling Crude/Gold prices

Reduction in Fiscal Deficit

Falling Inflation

Reduction in Interest Rate

Improvement in GDP

Go

od

for D

uratio

n

based

Deb

t Pro

du

cts Positive for Equity

Phases of Economy

2004 Vs 2013

What has Happened Post SEP, 2004 ?

???

Don't wait until the dust get settled As when the path will get clear the sensex will

have already moved ahead

15 Years of Wealth Creation Through Mutual Funds

Performance Snapshot of Lumpsum Investment

Diversified equityFunds have clearlyOutperformed SENSEX

Diversified Equity Funds with track record of 15 years have delivered 22% CAGRAgainst SENSEX return of close to 12%. Lumpsum investment of Rs.1 lakh would haveGrown to Rs.25 lakhs in 15 years period. (Money multiplying by 25 times).

No of schemes covered: 21

Performance of Schemes With 15 Year History

Avg Return of all equity funds With 15 yrs history is close to 22% (Tax Free).Even worst performing fund has given 9% tax free return.Better than Bank F.D.

A s o f 3 1 -D e c -1 2 L u m p s u m R e tu rn C A G R V a lue of R s . 1 L a c

S c he m e N a m e 1 0 Y rs 1 5 Y rs 1 0 Y rs 1 5 Y rsBirla S un L ife Advantage F und - Gr 20.93 19.60 6,68,868 14,65,439Birla S un L ife Tax R elief 96 F und - Div 21.69 27.34 7,12,113 37,53,813DS P B lackR ock E quity F und - R eg. P lan - Div 29.27 21.85 13,03,099 19,38,130F ranklin India B luechip F und - Div 26.06 33.35 10,13,382 74,97,134F ranklin India P rima F und Gr 27.49 27.10 11,34,387 36,49,079F ranklin India P rima P lus - D iv 26.68 26.26 10,64,340 33,03,595HDF C E quity F und - Div 29.09 28.69 12,85,068 43,97,157HDF C Taxs aver - Div 29.11 31.87 12,87,060 63,41,472HDF C Top 200 F und - Div 29.34 22.78 13,10,173 21,72,273J M E quity F und Growth O ption 17.11 8.93 4,85,221 3,60,755Morgan S tanley Growth F und - Gr 18.24 14.99 5,34,127 8,12,645P rincipal P ers onal Tax S aver 20.23 23.44 6,31,144 23,54,175R eliance Growth F und Gr 32.16 27.46 16,25,550 38,07,226R eliance Vis ion F und Gr 25.92 23.00 10,02,183 22,31,396S BI Magnum Multiplier P lus 93 - D iv 27.67 17.49 11,50,505 11,22,053S BI Magnum Tax Gain F und - Div 30.50 22.61 14,32,535 21,27,592S undaram Growth F und Gr 22.61 16.51 7,67,819 9,89,573Tata E thical F und - Gr 25.34 16.00 9,56,967 9,26,552Tata Tax S aving F und - D iv 23.33 22.04 8,14,118 19,83,960Templeton India Growth F und Gr 25.38 18.62 9,60,025 12,95,295UTI Top 100 F und - Div 19.76 11.03 6,06,901 4,80,402Avg R eturn 25.14 21.95 987884.99 2524272.42BS E S E NS E X 19.1 11.75 574392 530286

Becoming Crorepati Through SIP

SIP Amt assumed at Rs.10000 p.m.

Avg Return of SIP in Last 10 Years : 17.36% CAGRAvg Return of SIP in Last 15 Years : 20.51% CAGRValue of Rs.10000 SIP in 10 Years : Rs.30.46 lakhsValue of Rs.10000 SIP in 15 Years : Rs.1.07 cr

SIP Performance

A s o f 3 1 -D e c -1 2 S I P R e t u r n S I P V a l u eS c hem e Nam e 1 0 Y r s 1 5 Y r s 1 0 Y r s 1 5 Y r s

B irla S un L ife Advantage F und - G r 13.23 15.79 23,92,329 66,02,218B irla S un L ife T ax R elief 96 F und - D iv 14.59 21.11 25,72,980 1,05,39,858D S P B lac kR oc k E quity F und - R eg . P lan - D iv 21.50 22.12 37,33,902 1,15,26,279F ranklin India B luec hip F und - D iv 18.89 23.21 32,42,803 1,26,96,379F ranklin India P rim a F und G r 18.35 24.74 31,49,689 1,45,44,210F ranklin India P rim a P lus - D iv 19.75 23.16 33,96,925 1,26,40,161HD F C E quity F und - D iv 21.42 25.97 37,17,784 1,62,24,070HD F C T axs aver - D iv 20.42 27.52 35,22,141 1,86,20,010HD F C T op 200 F und - D iv 21.41 23.50 37,15,774 1,30,27,460J M E quity F und G rowth O ption 8.72 10.84 18,82,852 43,11,789Morg an S tanley G rowth F und - G r 12.55 13.94 23,07,022 56,22,840P rinc ipal P ers ona l T ax S aver 14.22 18.99 25,22,467 87,40,161R elianc e G rowth F und G r 22.87 27.81 40,21,114 1,91,05,968R elianc e Vis ion F und G r 16.65 23.71 28,74,028 1,32,72,638S B I Magnum Multiplier P lus 93 - D iv 20.15 19.55 34,71,127 91,82,510S B I Magnum T ax G a in F und - D iv 21.54 22.06 37,41,987 1,14,65,139S undaram G rowth F und G r 14.74 16.84 25,93,756 72,36,301T ata E thic a l F und - G r 17.85 17.99 30,65,909 80,04,062T ata T ax S aving F und - D iv 15.20 17.28 26,58,563 75,20,599T em pleton India G rowth F und G r 17.97 20.56 30,85,806 1,00,39,314UT I T op 100 F und - D iv 12.63 14.01 23,16,890 56,56,959Average R eturn 17.36 20.51 3046945 10789473B S E S E NS E X 13.93 13.99 2483599 5647188

The Journey Will Continue........

Dont Invest in Equity“As it happens, retail investors are helping markets more by staying out than by investing in equities. So from a purely selfish point of view, we (current equity market participants) do not mind if you stay away from equities. Keep your money in low interest bearing savings accounts and this will help banks raise cheap funds.

Then, while you earn taxable 9% per year in fixed deposits and 4% in savings accounts, we will continue to buy HDFC Bank, IndusInd Bank, Yes Bank and the like, which are up 3.5 times, 11 times and 5.9 times respectively since December 2008. Also, remember to pay all your EMI installments on time so that retail loans made by private banks do not get into trouble and we can continue do well owing their stocks.

Indian retail investors are more or less completely out of equities and would rather buy gold instead. So keep buying gold so that we can do better than you by owning stocks in Titan Industries and other jewellery companies. You should not care that at all that while the gold you bought is up 2.8 times in four years, the stock of Titan Industries, which sell gold to you is up 6.9 times during the same period. If Rakesh Jhunjhunwala had bought physical gold instead of shares in Titan when he did, he would not be a billionaire today.

In fact, go ahead and buy real estate, taking mortgages from HDFC and LIC Housing Finance. How else we would have made 2.8 times and 5.7 times in these stocks in five years? And when you do buy these apartment and houses, do insist on using the best construction material- cement, sanitary ware and so on. It is only because you do not buy equities and spend on real things that we could make 192% on ACC and 4.5 times on Hindustan Sanitaryware since 2008. A house is not done until it’s painted, so remember to keep a budget for decorative paints from Asian Paints (stock is up 4.8 times in four years)

Why should you invest in equities when you can buy insurance products? This world is interesting precisely because we think differently from each other- while you are happy buying insurance, we are happy owning shares in companies that sell you insurance. Thanks to you, shares in Bajaj Finserve are up 6 times in value and shares in Max India are up 2 times in the past four years.

Follow your heart and we will follow you. If you like going to malls and spending time there, please do some shopping as well- some of us own shares in Phoenix Mills which is up 2.7 times since 2008. In fact, it may be times for you to upgrade your car. Why buy equities when you can spend the same money on a new car or motorcycle? Let us do the more boring job of continuing to own stocks in Maruti and Bajaj Auto which are up 2.9 and 10.8 times respectively since 2008. Why not add your name to the waiting list for an Enfield this year while we own shares in its manufacturers, Eicher Motors which is up 12 times since 2008?

Life isn’t just about making and investing money; it’s important to enjoy life’s little pleasures. So go and watch a movie at the multiplex and munch some popcorn while you’re there. Meanwhile, we’ll buy shares in PVR (up 3 times in 4 years).

You’d rather spend time in front of the telly? We’ll still love you- shares in Zee Telefilms and Sun are up 3 and 3.5 times because of loyal viewers such as you. Call for Pizza delivery at home. Jubliant Foodworks, which owns Domino’s, is up 5.4 times since its IPO in 2010.

When you’re in mood to be sinfully self-indulgent, don’t make any resolutions to give up smoking or drinking. You may not want to invest in equities but spare a thought for investors in these stocks. Your actions so far have helped these investors make 3.8 times in ITC, 10.3 times in United Breweries and 2.2 times in United Spirits in 4 years but they still look for your continued patronage of these businesses.

We wish you a very happy and healthy 2013. If, God forbid, you have to visit a hospital, remember that as stake holders in Apollo Hospitals (stock up 3.8 times) we will be thanking you from the bottom of our collective hearts. And if you do fall sick in 2013, take comfort in the fact that you are helping investors in stock of companies such as Dr.Reddy’s (stock up 4 times) and Cipla (stock up 2.3 times).

We invite you over to our side in 2013 but still love you for choosing instead to be loyal customers of the businesses we own. Now it’s up to you to decide who you would rather be – part owners of Indian companies or just their loyal customers.”

Axis Triple Advantage

Positve Avg Return in 17 out of 18

Debt Mutual Fund Vs Fixed Deposit

RAP READY RECKONER FOR 5 Yr SIP