ACKNOWLEDGEMENT

On the very outset of this report, I would like to extend my sincere & heartfelt obligation towards
all the personages who have helped me in this endeavor. Without their active guidance, help,
cooperation & encouragement, I would not have made headway in the project.
I am ineffably indebted to Xavier Institute of Management and Entrepreneurship, Bangalore for
conscientious guidance and encouragement to accomplish this assignment.
I am extremely thankful and pay my gratitude to my Project guide Benil Dani Alexander
Vice President Hedge equities for his valuable guidance and support on completion of
this project in its presently.
I also acknowledge with a deep sense of reverence, my gratitude towards my parents
and member of my family, who has always supported me morally as well as
economically.
At last but not least gratitude goes to all of my friends who directly or indirectly helped
me to complete this project report.
Any omission in this brief acknowledgement does not mean lack of gratitude.
Thanking You
Philip Thomas

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Table of Contents
1

EXECUTIVE SUMMARY ........................................................................................................ 3

2.

RESEARCH METHODOLOGY ................................................................................................ 4

INTRODUCTION .................................................................................................................. 6

INDUSTRY PROFILE ............................................................................................................. 8

STOCK BROKING ................................................................................................................. 9

COMPANY PROFILE : HEDGE EQUITIES ............................................................................. 14

6.1 MISSION & VISION ........................................................................................................ 15
6.2

DEPARTMENTS .......................................................................................................... 16

6.3

MANAGEMENT TEAM ............................................................................................... 19

6.4

MAJOR COMPETITORS .............................................................................................. 20

7 LITERATURE REVIEW..21
7.1 INVESTMENT..22
7.2 ASSET CLASSES..23
7.3 INVESTOR PROFILE.25
7.4 PORTFOLIO MANAGEMENT27
7.5 SYSTEMATIC INVESTMENT & LUMPSUM METHOD..28
8. DATA ANALYSIS AND INTERPRETATION.32
9. PORTFOLIO CREATION.42
10.FINDINGS.79
11.CONCLUSION...80
12.BIBLIOGRAPHY.81
13. ANNEXURES..82

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EXECUTIVE SUMMARY

In India most people fear to invest in capital market as the risk is higher. So, most of the people go for
fixed income bearing investments like fixed deposits in bank or bonds or sometimes saving investments.
But if properly managed, investments in shares of companies can fetch you higher returns when
compared with the other investment options. But, as the capital market is highly volatile these
investments are subjected to high risks. Obviously risk & reward goes hand in hand. Even a single event
can affect the stock prices to go down or up. That increases the risk of investor.
In countries like America, almost 90% of the people consider the participation in capital market as an
investment haven. There the markets are more or less stable. But in India, people consider the market
for short term profits. That makes the market to be less stable. Statistics show that in India, only 1 % of
the total population participates in investing in shares of companies. So, in India, the capital market is
controlled by the FIIs (foreign institutional investors) and there is no lock-in period for such investments
(as low as one day). They can take back their money at their will. So, it is high time that the people of
India should start investing in stock market to make the market more stable and they should focus on a
longer horizon rather than going behind short term profits.
Hedge Equities is one of the leading Financial Services Company in India, specialized in offering a wide
range of financial products, tailor made to suit individual needs. As a first step to make their presence
Global, Hedge Equities have initiated operations in Middle East to cater to the vast Non Resident Indian
(NRI) population in that region. Ever since the inception of hedge equities they have spanned their
presence all over India through Meticulous Research, High Brand Awareness, and Intellectual
Management and Extensive Industry knowledge.

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RESEARCH METHODOLGY
INTRODUCTION
The products and services offered in securities market focuses on investor protection. Every investor has
a different perspective for investment. There are differences in risk appetite, income, age, gender,
attitudes, beliefs, etc. if these factors are not considered before creating a portfolio, there will be
differences in the investor's needs and his return. So, analyzing each investor's portfolio is very
important or else there will be a mismatch. My study aims to analyze the investor's (a sample of society
which includes professionals, salaried people, students, housewives, retired people etc. needs and
profile to form a portfolio that best suits him.
Many people are not happy with the investment for the very simple reason that they do not invest in
those avenues which match their profile. If the investor is able to identify his profile properly, then such
problems can be easily solved
Objectives
Primary objective
1. To profile the investors based on their investment needs
2. To construct portfolios matching the requirements of the investors.
Secondary objective
1.
2.
3.
4.

To understand the investor's awareness and understanding about various asset classes.
To conduct an enquiry among the investors about their experience with securities market.
To analyze factors considered for investment options.
To find out the investing strategy followed by different investors.

Data collection
Descriptive method was used in this study. The research was divided into two stages. The first stage was
analyzing investor's risk profile. The second stage was to create a portfolio that matches the risk profile
of the investors.
The data collection was divided in to two parts.
1. The analysis of investors was done by primary data collection method
2. The portfolio creation was done by secondary data collection method
Data Source
Primary and secondary data was explored for the requirements of the study. Secondary data was
explored from the available source of secondary literature.
Primary data: Primary data collected through survey among the investors in the market through
questionnaire and direct interview method.
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 Secondary data: Books, official sites of brokerage service providers.

Research Approach
Survey using a questionnaire was adopted in this study. The prepared questionnaire was pre- tested
before being used for the study purpose. The questionnaire was circulated to the respondents as per the
research design.
The Population
All investors in Ernakulam district.
All securities listed in NSE.
Pilot study
A pilot study was conducted by using the framed questionnaire with a sample of 100 respondents. The
collected data from the respondents was studied in detail. Necessary changes have been incorporated
to the content of the questionnaire after the pilot study.
Sampling procedure
Non probability sampling I e. Snow ball sampling method was used for selection of investors.
Stocks for portfolio construction were selected from listed securities in BSE and NSE. 100 judgment
sampling was used to select securities. Deep fundamental analysis and technical analysis were not done
before selecting the stocks because all the stocks in Nifty index have strong fundamentals, market
capitalization and good volume of trade.
Each portfolio has 10 stocks each. Stocks with beta value less than 0.8 were included in conservative
category. Stocks with beta value between 0.8-1.2 were included in moderate category. Stocks with beta
value more than I .2 were included in aggressive category.
Sample size
The study was executed in Ernakulum district. Sample size was selected on the basis of pilot study.
Tools used for data collection and analysis
Survey using a questionnaire was adopted in this study. The questionnaire was circulated to the
respondents (investors) as per the research design. SPSS (Statistical Package for Social Science) and PAST
was used for analysis part of the study.

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INTRODUCTION
Securities market help in transfer of resources from those with idle resources to others who have a
productive need for them. To state formally, securities markets provide chan- nels for allocation of
savings to investments and thereby decouple these two activities. As a result, the savers and investors
are not constrained by their individual abilities, but by the economys abilities to invest and save
respectively, which inevitably enhances savings and investment in the economy.
Financial Market
The financial market is said to the brain of entire economic system. The savings are channeled to
investments through financial market. The financial instruments like stock, bond, insurance policy,
government securities and debentures are traded in the financial market. A financial market consists of
investors (buyers of securities), users of funds (sellers of securities), intermediaries and regulatory
bodies.

Financial Market

Money Market

Capital/ Securities
Market
m

Organised

Unorganised

Money Market

Money Market

Short Term

Money Lenders /

Lending /
Borrowing

Indigenous
Bankers

Primary Market

According to functional basis financial markets are classified into two types.
They are:

Money markets (short-term)

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Secondary
Market

 Capital markets (long-term)

According to institutional basis again classified in to two types. They are

Organized financial market

Non-organized financial market.
The organized market comprises of official market represented by recognized institutions, bank and
government (SEBI) registered/controlled activities and intermediaries. The unorganized market is
composed of indigenous bankers, moneylenders, individual professional and non-professionals.
Money Market:
According to the RBI, "The money market is the centre for dealing mainly of short character, in monetary
assets; it meets the short term requirements of borrowers and provides liquidity or cash to the lenders. It
is a place where short term surplus investible funds at the disposal of financial and other institutions and
individuals are bid by borrowers, again comprising institutions and individuals and also by the
government."
Money market is classified in to:

Interbank call money market

Bill market and
Bank loan market Etc.
E.g.; treasury bills, commercial papers, CD's etc.

Capital Market:
According to Dudley G. Luckett, A capital market is just what the name implies: a market for capital
funds. Strictly speaking, the capital market encompasses any transaction involving long term debt or
equity obligations.The world Bank defines capital market as, The market in which long term
instruments such as equities and bonds are raised and traded.
Capital market thus plays a vital role in channelizing the savings of individuals for Investment in the
economic development of the country. As a result the investors are not constrained by their individual
abilities, but by the abilities of the companies, which in turn enhance the savings and investments in the
country, liquidity of capital market is an important factor affecting growth.
Since projects require long term finance, but on the other hand, the investor may not like to relinquish
control over their savings for a long time. A liquid stock market ensures a quick exit without incurring
heavy losses or costs. Thus development of efficient market system is necessary for creating conductive
climate for investment and economic growth.
Capital market is a place where we can raise long-term capital.
Again the capital market is classified in to two types and they are
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Primary market and

Secondary market.
E.g.: Shares, Debentures, and Loans etc.

Primary market:
Primary market is generally referred to the market of new issues or market for mobilization of
resources by the companies and government undertakings, for new projects as also for expansion,
modernization, addition, and diversification and up gradation. Primary market is also referred to as
New Issue Market. Primary market operations include new issues of shares by new and existing
companies, further and right issues to existing shareholders, public offers, and issue of debt
instruments such as debentures, bonds, etc.
The primary market is regulated by the Securities and Exchange Board of India (SEBI a government
regulated authority).
Function:
The main services of the primary market are origination, underwriting, and distribution.
Origination deals with the origin of the new issue. Underwriting contract make the shares
predictable and remove the element of uncertainty in the subscription. Distribution refers to the sale
of securities to the investors.
The following are the market intermediaries associated with the market:

1. Merchant banker/book building lead manager

2. Registrar and transfer agent
3. Underwriter/broker to the issue
4. Adviser to the issue
5. Banker to the issue
6. Depository
7. Depository participant

Investors protection in the primary market:

To ensure healthy growth of primary market, the investing public should be protected. The term
investor protection has a wider meaning in the primary market. The principal ingredients of investors
protection are:

Provision of all the relevant information

Provision of accurate information and

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 Transparent allotment procedures without any bias.

Secondary Market:
The primary market deals with the new issues of securities. Outstanding securities are traded in the
secondary market, which is commonly known as stock market or stock exchange. The secondary
market is a market where scrips are traded. It is a market place which provides liquidity to the
scrips issued in the primary market. Thus, the growth of secondary market depends on the primary
market. More the number of companies entering the primary market, the greater are the volume of
trade at the secondary market. Trading activities in the secondary market are done through the
recognized stock exchanges which are 23 in number including Over the Counter Exchange of India
(OTCE), National Stock Exchange of India and Interconnected Stock Exchange of India.
Secondary market operations involve buying and selling of securities on the stock exchange through
its members. The companies hitting the primary market are mandatory to list their shares on one or
more stock exchanges in India. Listing of scrips provides liquidity and offers an opportunity to the
investors to buy or sell the scrips.
The following are the intermediaries in the secondary market:

1. Broker/member of stock exchange buyers broker and sellers broker

2. Portfolio Manager
3. Investment advisor
4. Share transfer agent
5. Depository
6. Depository participants.
STOCK BROKING
The history of stock brokers can be traced back to the origins of the first stock exchange in 1602 at
Amsterdam. Even before that brokers are said to have existed in France dealing with government
securities. The Amsterdam Stock Exchange was involved in buying and selling of shares for the Dutch
East India Company. However, the first real stock exchange came up in Philadelphia in the United States
during the late 18th century. Later it was the New York stock exchange which saw a rise in its popularity.
Wall Street, as it was called, became the hub of brokerage activities. Earlier stock brokers were largely
unorganized, but later most of them joined hands to form institutes and organizations. Till the 1980's
stock broking services were used only by the wealthy class who could afford them. Later with the advent
of the Internet, stock broking became very easy. Thus, the price tag on stock brokers lowered
considerably and their services became available even to the common man. The stock broking duties are
now mostly taken up by major organizations with the smaller companies being absorbed by

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STOCK MARKETS IN INDIA:

Stock exchanges are the perfect type of market for securities whether of government and semi-govt
bodies or other public bodies as also for shares and debentures issued by the joint-stock companies. In
the stock market, purchases and sales of shares are affected in conditions of free competition.
Government securities are traded outside the trading ring in the form of over the counter sales or
purchase. The bargains that are struck in the trading ring by the members of the stock exchanges are at
the fairest prices determined by the basic laws of supply and demand.
Definition of a stock exchange:
Stock exchange means any body or individuals whether incorporated or not, constituted for the
purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities. The
securities include:
Shares of public company.
Government securities.
Bonds
History of the Indian Stock Market - The Origin
One of the oldest stock markets in Asia, the Indian Stock Markets has a 200 years old history.

Year 1800: East India Company was the dominant institution and by end of the century, business
in its loan securities gained full momentum.
Year 1830: Business on corporate stocks and shares in Bank and Cotton presses started in
Bombay. Trading list by the end of 1839 got broader
Year 1840: Recognition from banks and merchants to about half a dozen brokers
Year 1850:Rapid development of commercial enterprise saw brokerage business attracting more
people into the business
Year 1860:The number of brokers increased to 60
Year 1860-61:The American Civil War broke out which caused a stoppage of cotton supply from
United States of America; marking the beginning of the "Share Mania" in India
Year 1862-63:The number of brokers increased to about 200 to 250
Year 1865:A disastrous slump began at the end of the American Civil War (as anexample, Bank
of Bombay Share which had touched Rs. 2850 could only be sold at Rs. 87)
Pre-Independence Scenario - Establishment of Different Stock Exchanges
Year 1874:With the rapidly developing share trading business, brokers used to gather at a street
(now well known as "Dalal Street") for the purpose of transacting business.
Year 1875:"The Native Share and Stock Brokers' Association" (also known as "The Bombay Stock
Exchange") was established in Bombay
Year 1880:Development of cotton mills industry and set up of many others
Year 1894:Establishment of "The Ahmedabad Share and Stock Brokers' Association"

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 Year 1900:Sharp increase in share prices of jute industries in 1870's was followed by a boom in
tea stocks and coal
Year 1908:"The Calcutta Stock Exchange Association" was formed.
Year 1920:Madras witnessed boom and business at "The Madras Stock Exchange" was
transacted with 100 brokers.
Year 1923:When recession followed, number of brokers came down to 3 and the Exchange was
closed down
Year 1934:Establishment of the Lahore Stock Exchange.
Year 1936:Merger of the Lahore Stock Exchange with the Punjab Stock Exchange.
Year 1937:Re-organization and set up of the Madras Stock Exchange Limited (Pvt.)Limited led by
improvement in stock market activities in South India with establishment of new textile mills
and plantation companies.
Year 1940:Uttar Pradesh Stock Exchange Limited and Nagpur Stock Exchange Limited was
established
Year 1944:Establishment of "The Hyderabad Stock Exchange Limited"
Year 1947:"Delhi Stock and Share Brokers' Association Limited" and "The Delhi Stocks and
Shares Exchange Limited" were established and later on merged into "The Delhi Stock Exchange
Association Limited"
Post Independence Scenario
The depression witnessed after the Independence led to closure of a lot of exchanges in the country.
Lahore Stock Exchange was closed down after the partition of India, and later on merged with the Delhi
Stock Exchange. Bangalore Stock Exchange Limited was registered in 1957 and got recognition only by
1963. Most of the other Exchanges were in a miserable state till 1957 when they applied for recognition
under Securities Contracts (Regulations) Act, 1956. The Exchanges that were recognized under the Act
were:
1. Bombay
2. Calcutta
3. Madras
4. Ahmedabad
5. Delhi
6. Hyderabad
7. Bangalore
8. Indore
Many more stock exchanges were established during 1980's, namely:

Cochin Stock Exchange (1980)

Uttar Pradesh Stock Exchange Association Limited (at Kanpur, 1982)
Pune Stock Exchange Limited (1982)
Ludhiana Stock Exchange Association Limited (1983)
Gauhati Stock Exchange Limited (1984)

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 Kanara Stock Exchange Limited (at Mangalore, 1985)

Magadh Stock Exchange Association (at Patna, 1986)
Jaipur Stock Exchange Limited (1989)
Bhubaneswar Stock Exchange Association Limited (1989)
Saurashtra Kutch Stock Exchange Limited (at Rajkot, 1989)
Vadodara Stock Exchange Limited (at Baroda, 1990)
Coimbatore Stock Exchange
Meerut Stock Exchange
At present, there are twenty one recognized stock exchanges in India which does not include the
Over The Counter Exchange of India Limited (OTCEI) and the National Stock Exchange of India
Limited (NSEIL). Government policies during 1980's also played a vital role in the development of
the Indian Stock Markets.
Functions of Stock Exchanges:
Stock exchanges provide liquidity to the listed companies. By giving quotations to the listed companies,
they help trading and raise funds from the market. Over the hundred and twenty years during which the
stock exchanges have existed in this country and through their medium, the central and state
government have raised crores of rupees by floating public loans. Municipal corporations, trust and
local bodies have obtained from the public their financial requirements, and industry, trade and
commerce- the backbone of the countrys economy-have secured capital of crores or rupees through
the issue of stocks, shares and debentures for financing their day-to-day activities, organizing new
ventures and completing projects of expansion, diversification and modernization. By obtaining the
listing and trading facilities, public investment is increased and companies were able to raise more
funds. The quoted companies with wide public interest have enjoyed some benefits and assets valuation
has become easier for tax and other purposes.
National Stock Exchange (NSE)
The National Stock Exchange of India Limited has genesis in the report of the High Powered Study
Group on Establishment of New Stock Exchanges, which recommended promotion of a National Stock
Exchange by financial institutions (FIs) to provide access to investors from all across the country on an
equal footing. Based on the recommendations, NSE was promoted by leading Financial Institutions at
the behest of the Government of India and was incorporated in November 1992 as a tax-paying
company unlike other stock exchanges in the country. On its recognition as a stock exchange under the
Securities Contracts (Regulation) Act, 1956 in April 1993, NSE commenced operations in the
Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment
commenced operations in November 1994 and operations in Derivatives segment commenced in June
2000
NSE's mission is setting the agenda for change in the securities markets in India. The NSE was set-up
with the main objectives of:

Establishing a nation-wide trading facility for equities and debt instruments.

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Ensuring equal access to investors all over the country through an appropriate communication
network.
Providing a fair, efficient and transparent securities market to investors using electronic trading
systems.
Enabling shorter settlement cycles and book entry settlements systems, and
Meeting the current international standards of securities markets.
The standards set by NSE in terms of market practices and technology, have become industry
benchmarks and are being emulated by other market participants. NSE is more than a mere market
facilitator. It's that force which is guiding the industry towards new horizons and greater
opportunities.
Bombay Stock Exchange (BSE)
The Stock Exchange, Mumbai, popularly known as "BSE" was established in 1875 as "The Native
Share and Stock Brokers Association". It is the oldest one in Asia, even older than the Tokyo Stock
Exchange, which was established in 1878. It is a voluntary non-profit making Association of Persons
(AOP) and is currently engaged in the process of converting itself into demutualised and corporate
entity. It has evolved over the years into its present status as the premier Stock Exchange in the
country. It is the first Stock Exchange in the Country to have obtained permanent recognition in
1956 from the Govt. of India under the Securities Contracts (Regulation) Act 1956.The Exchange,
while providing an efficient and transparent market for trading in securities, debt and derivatives
upholds the interests of the investors and ensures redresses of their grievances whether against the
companies or its own member-brokers. It also strives to educate and enlighten the investors by
conducting investor education programmers and making available to them necessary informative
inputs.
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)
The securities and exchange board of India was constituted in 1988 under a resolution of government
of India. It was later made statutory body by the SEBI act 1992.according to this act, the SEBI shall
constitute of a chairman and four other members appointed by the central government.
With the coming into effect of the securities and exchange board of India act, 1992 some of the powers
and functions exercised by the central government, in respect of the regulation of stock exchange were
transferred to the SEBI.

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COMPANY PROFILE
HEDGE EQUITIES LTD
Hedge equities ltd is one of the leading retail stock broking house which is running successfully in the
country. Hedge offers its customers a wide range of equity related services including trade execution on
BSE , NSE,Derivatives , Depository services , Online trading , Investment advice etc. The firm has an online
trading and investment site -www.hedgeequities.com.The site gives access to supeior content and
transaction facility to retail customers across the country . known for its jargon - free , investor friendly
language and high quality research , the site has a registered base of over thousands of customers .
About Hedge Equities
Hedge Equities is one of the leading Financial Services Company in India , specialized in offering a wide
range of financial products , tailor made to suit individual needs.
Hedge equities incorporated under the Companies Act 1956 as Hedge Equities Private Limited on 17th
December 2007 with registered office at 1205, Dalamal Tower, Nariman Point. Later the company is
converted into public limited company on 17th February, 2009.
Team Hedge is a balanced mix of more than 15 years experience cutting across various industries with a
strong background in the financial markets. Founder & managing director of HEDGE GROUP is Mr. Alex
K Babu, Mr. Bhuvanendran is CEO of HEDGE EQUITIES, BOBBY J ARAKUNNEL is COO of HEDGE EQUITIES
ever since its inception. The Board members comprises of veterans from six power houses in their
respective fields: FedEx Securities, Baby Marine Exports, Thakker Developers, Smart Financial, S.M.Hegde
(CFO Videocon Industries) and Padmashree Mohanlal.
HEDGE EQUITIES has around 54 branches & 52 franchises which are spread across 4 states in India (Kerala,
Karnataka, Tamil Nadu and Maharashtra) & in Dubai. As a first step to make Global presence , Hedge
Equities have initiated operations on Middle East to cater to the Vast Non Resident Indian (NRI )
population in that region.
MISSION
" To create an ethical and sustainable financial services platform for our customers and partner them
to build business , to provide employees with meaningful work , self-development and progression , and
to achieve a consistent and competitive growth in profit and earnings for our shareholders and staff "

VISION
Ever since its inception , Hedge Equities has been a household name among the masses owing our
success to timely Professional financial assistance to our clients . This aptly articulates our vision of
'Evolving in to financial super market which will be a one stop shop for all financial solutions '.

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HEDGE EQUITIES LTD

Hedge Equities
Hedge School of Applied Economics
Hedge Commodities
Hedge Finance
Hedge Ohari

Hedge School of Applied Economics (HSAE )

A knowledge initiative from Hedge Equities to provide a platform for spreading the concept of
financial freedom and develop entrepreneurship among youth through imparting the importance of asset
creation and its management by understanding the true concepts of risk and return . Hedge School of
Applied Economics is the first ever educational venture dedicated to creating a class of high-end
investment professionals across India .Their programs empower you to :

Serve the ever increasing need for credential manpower in the financial services sector globally
Nurture and grow your own investment portfolios.
The programs are designed for students , financial proffessionals and investors who would be the
advocates of smart investments .

Hedge Commodities
Hedge Commodities Ltd. formed in 2008 as a fully owned subsidiary of Hedge Equities , cater to its
clients in Commodities market segment . The move to promote commodities was a carefully taken step
the management , identifying its growth potential and the opportunity commodities provided for the
market participants . With membership in all major national level exchanges . Hedge Commodities
provides service to varied set of clients , which includes investors , Hedgers , Arbitragers and Traders/
speculators. Hedge have clientele from different segments of the market , be it producer , manufacturers
or end users , with exposure to international , non agri commodities and agricultural commodities. Hedge
group have grown over a period of 4 years and set itself apart from the competitors with its unique
management , pro investor vision and the brand it-self. With around 150 outlets across different states
in India and presence in UAE , it offers varied services in financial sector . Through Hedge Commodities
Ltd , we offers services in Commodity Futures market , Hedge focus and banks on Research , which enable
its clientele to invest with Edge
Hedge Finance
Hedge equities a leading player in the financial markets is all set to leave its mark in the NBFC
sector with the launch of Hedge Finance. The Indian Non Banking Finance Companies constitutes a
reasonable big chunk of the country's overall financial system. It is in such a time that Hedge Finance has
burst into the scene and creating waves in the sector. Backed by Hedge Equities , which is coming together

15 | P a g e

of over 25 years of unparalleled experience of business leaders in various industries, Hedge Finance is all
set to be one of the top Non Banking Finance Company in the country.
Hedge Finance will primarly be focusing in an under tapped segment- securities. The company
will look at providing loans to customers against financial instruments like equities , bonds and
debentures. With LAS (Loan Against Securities mode ) Hedge Finance looks at unleashing the potential of
a growing segment in the Indian Financial landscape. With many firsts and a rich history of achievements
under its belt Hedge Equities adds sheen this endeavor.
Ohari
Ohari is a monthly finance magazine in "Malayalam " that provides its readers comprehensive
knowledge and insight about the various aspects of financial planning and the entire spectrum of
investment and wealth creation methods. The magazine provides quality research based content the
targets investors of all hues and readers who prefer to organize their portfolio in a systematic way. The
aim is to cultivate an investment culture that fulfills all wealth creation targets of investors through various
investment avenues. The vision of the magazine is to motivate the readers to particiapte in various
investment avenues and guide them in choosing the right investment products that suit their wealth
creation objectives, investment preferences, risk profile ,likely investment period and age.
PRODUCTS AND SERVICES OF HEDGE EQUITIES

Equity Trading
Commodities Trading
Currency Trading
Mutual funds
Online Trading
Internet Trading
Depository Services
Derivative Trading
Equity Research
Portfolio Managment Services

1.Equity Trading
Equity gives you the opportunity to have a partnership with all the leading Business tycoons around
the globe. Total capital contribution for a company comprises of investments through equity shareholders
by small and big investors . The investor who have a stake in a company are referred to as shareholders .
Power of equity shareholders lies in the optimum selection of the Industry, have a strong belief in the
Company's fundamentals also having a confidence in the profit making capability of the comapny.
Equity Market. at present , is a rewarding field for the investors and investing in Indian stocks are
profitable for not only the long and medium-term investors, but also the position traders , short-term
swing traders and also very short term intra-day traders. Fundamentally, stock market is an avenue for
16 | P a g e

business people to meet shareholders. Other than bank loans, they now have another option to finance
their business. They did it by offering their company's equities in exchange of shareholders cash. Thee
company is never required to repay the capital , but the new shareholders have a right to future profits
distributed by the company. For shareholders, they have alternatives to where they should put their
money in to. In the same time, they get the opportunity to participate in capital intensive business at an
affordable price. Equity is an investment area which you can capitalize on with proper assistance
regardless of the market circumstances. Hedge equities opens the door to this highly lucrative investment
opportunity that could provide a feasible solution to all your financial queries.
2.Commodity Trading
Commodity "futures" are contracts to buy or sell certain goods at set prices at a predetermined
time in the future.
Futures trading plays a key role in the marketing of a number of important agricultural and nonagricultural commodities as it provides the industrial and farming communities with a transparent price
discovery platform, which also enables them to hedge their price risk and price volatility. The growth of
Indian commodities futures trading towards an efficient, transparent and well organized market has
thrown open a window of benefits and opportunities to Indian producers and traders. Beside the primary
benefits of its twin economic functions of price discovery and price risk management, commodity futures
trading has also played an instrumental role in integrating various fragmented components of the
commodity ecosystem, thus developing the overall infrastructure of agricultural commodities marketing
in the country.
3.Currency Trading
Investments in Currency Derivatives can help you to diversify your portfolio from traditional asset
classes. Currency derivatives can be described as contracts between the sellers and buyers, whose values
are to be derived from the underlying assets, the currency amounts. These are basically risk management
tools in force and money markets used for hedging risks and act as insurance against unforeseen and
unpredictable currency and interest rate movements. Any individual or corporate expecting to receive or
pay certain amounts in foreign currencies at future date can use these products to opt for a fixed rate- at
which the currencies can be exchanged now itself. Currency derivative serve the purpose of financial risk
management encompassing various market risks. An upfront premium is payable for buying a derivative.
Currency futures will bring in more transparency and efficiency in price discovery, eliminate counterparty
credit risk, provide access to all types of market participants , offer standardized products and provide
transparent trading platform.
4.Mutual Funds
A Mutual fund is a trust that pools the savings of a number of investors who share a common financial
goal. The money thus collected is invested by the fund manager in different types of securities depending
upon the objective of the scheme. These could range from shares to debentures to money market
instruments. The income earned through these investments and the capital appreciations realized by the
17 | P a g e

scheme are shared by its unit holder. Thus a Mutual fund is the most suitable investment for the common
man as it offers an opportunity to invest in a diversified, professionally managed portfolio at a relatively
low cost.
Mutual fund is also called unit trust or open ended trust a company that invests the funds of its clients in
diversified securities and in turn represent those holdings. They make continuous offering of new shares
at NAV(Net Asset Value ) determined daily by the market values of the securities they hold. In Hedge
Equities the clients can select from a wide range of Mutual Funds and Bonds available in the markets
today.
5.Online Trading
Hedge equities has a large network of branches with online terminals of NSE and BSE in the Capital
market and derivatives segments . The clients are assured of prompt order execution through dedicated
phones and expert dealers and offices.
6.Internet Trading
Hedge equities offers Internet trading through this site. You can trade through the internet from the
comforts of your office or home, anywhere in the world. The dedicated IT systems ensure service up time
and speed, making Internet broking through Hedge Equities hassle-free. Using the easiest facility provided
by NSDL, the clients can transfer the shares sold by them online without delivery instruction slips.
Additionally, digitally signed contract notes can be sent to clients through e-mail.
7.Depository Service
Hedge Equities is a member of National Securities Depository Limited (NSDL) , offer depository services
with minimum Annual maintenance charges and transaction charges. Account holders can view their
holding position through the internet. They also offer the 'easiest' facility provided by NSDL ( electronic
access to securities information and execution of secured transaction )through which clients can give
delivery instructions via the internet.
8.Derivative Trading
Hedge offers trading in the futures and options segment of the National Stock Exchange (NSE). Through
the present derivative trading an investor can take a short-term view on the market for up to a three
month's perspective by paying a small margin on the futures segment and a small premium in the options
segment. In case of option , if the trade goes in the opposite direction the maximum loss will be limited
to the premium paid.
9. Knowledge Centre
Knowledge centre activities are indented to provide systematic and structured services mainly to new
investors and also young aspirant aiming for a career in financial markets . The centre has three functional
areas : the Publication division , the Training Centre , and Wealth management Advisory Services which
provides complete investment solutions to investors through knowledge based personalized service.

18 | P a g e

Hedge Equities, the trusted financial services provider with over 150 services outlets in Kerala, initiates
Hedge School of Applied Economics with the sole objective of moulding highly qualified investment
professionals in the state. Hedge school is a knowledge initiative of Hedge Equities, leading financial
institutions in the arena .
10.Equity Research
Hedge Equities constantly strive to deliver insightful research to enable proactive investment decisions.
The research department is broadly divided into two divisions-Fundamental Analysis Group (FAG) and
Technical Analysis Group (TAG).The fundamental analyst are continuously scanning the entire economy
for discovering what they call the "hidden gems" in stock market terminology and present it to the clients
for profitable investments. Timing the market has always been the most difficult task for all analyst and
their Technical Analysis Group has emerged to predict the market movements well in advance using
complex analytical methods including Eliot Wave Theory. They are equipped with cutting-edge
technologies for technical charting which assist the technical analyst to predict both upside and downside
movements efficiently for the benefit of clients.
11.Portfolio Management Services
Hedge equities is a SEBI approved portfolio manager offering discretionary and non-discretionary schemes
to its clients. Hedge Equities 'portfolio management team keep tracks of the markets on a daily basis and
is exposed to a lot of information and analytical tools which an investor would not normally have access
to. Other technicalities pertaining to shares like dividends , rights, bonus, buy-back, mergers and
acquisitions are also taken care of by them.
MANAGEMENT TEAM

1. Alex. K. Babu, Managing Director : Alex Babu is the Founder and Managing Director of Hedge Equities.
He has over 9 years of experience in equity research and fund management with
considerable experience across all market capitalizations. He is a specialist in mid-cap and infra stock
selection. Ever since joining the Hedge Family, he has been designing, developing and implementing the
strategic plan for the company in the most cost effective and time efficient manner. He was also
instrumental in establishing and assembling a strong research team with equal emphasis on
macroeconomic, industrial, and company level research. Prior to joining Hedge Equities, Alex was at the
helm of Baby Marine Exports, a leading Seafood exports firm handling all aspects of finance and
marketing. Alex Babu is a graduate in Engineering from Cochin University of Science and Technology.

2. N. Bhuvanendran, Chief Executive Officer : Professionalism augmented by profound vision is a perfect

phrase to describe Bhuvanendran. His rich experience spanning 20 years with the leading names in the
Indian financial services industry, is often camouflaged by his youthful appearance, till Mr. Bhuvanendran
opens up his favorite subject-Money matters. Bhuvanendran is a talented and introspective writer whose
creativity has been capitalized by various financial journals. He is also in the limelight for a market related
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show which aims at quenching the financial queries of professionals and investors in a leading Malayalam
television channel. He is one of the few investments professional who have experience across both listed
and unlisted equity space..

3. Bobby J Arakunnel, Chief Operating Officer : Mr. Bobby has been responsible for the entire operations
of Hedge Equities ever since its inception. He has proved his versatility by how casing excellent ManManagement and Marketing Activities and is well versed in all aspects of Indian Financial Markets. In the
last 12 years, he has worked with all the major players in the financial service sector of the country which
has added oodles to his workmanship.

4. Mr. Mohanlal, Director : This Honorary Lieutenant Colonel's brand image and brimming popularity has
helped Hedge Equities to create awareness amongst small investors in retail segment to invest in stocks.
Versatility and a natural flair for donning complex characters have won him numerous accolades not to
speak of some unforgettable films contributed by him. A Multifaceted personality, whose inspiring
attitude, has helped him to take up Business world with a storm.

5. Dr. Samuel George, Director : He is a doctor and an entrepreneur and runs the successful and well
reputed "City Clinic" in Abu Dhabi since the 1970's. Having completed his Bachelors in Medicine from the
Calcutta Medical College, Dr. George commenced his career in government service and then subsequently
moved to Abu Dhabi in the 1970s. Today, their clinic offers specialized services in General Medicine and
Pediatrics. Dr. George also nurtures a dream and a vision to make quality healthcare affordable and
accessible to all and to this end, he is pursuing the development of a multispecialty hospital at
Changanassery in Kerala to serve the growing health care needs of the state.

6. Mr. Pradeep Kumar C, Director: Director A leading Textile exporter of Kerala whose 20 years of
experience in this field has made him a veteran we all look up to. His vision, augmented by his hard work
and commitment has helped him to be a strong player in the field of Exporting. Starting from a root level,
he has travelled the hard way to reach this phenomenal position in Garment Industry which has
supplemented him to expand his domain to foreign locations as well
COMPETITORS

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LITERATURE REVIEW
Investment
In everyday life one has to meet a lot of needs. These needs are bracketed in to daily needs and future
needs. Money is saved to service ones future needs. Instead of keeping the savings idle, one should
strive to use the savings productively. An investment means the use of money through various
investment vehicles with an aim to make more income or to increase the capital or both. Investment
income comes in the form of returns such as dividends, interest, capital gains etc
Need of investment
As mentioned before, with the increasingly complex nature of life and the prospects of an uncertain
future, the cost of living on an upward trend, investment has become a necessity not an option.
Hedge against the increasing cost of living
One of the main reason why needs to invest wisely is to meet the increasing cost of living. Cost of living
means the expenses of the daily life such as cost of foods, services and other goods. In economics this
increasing cost of living is called as inflation.
Due to inflation, money loses its value. Thus one would have to shed out more money than what one
had to spend earlier, for the same goods and services. For example, if there was a 6% inflation rate for
the next 20 years, a RS 100 purchases today would cost Rs.321 in 20 years.
Provisioning against unexpected expenditure in the future
With every passing day, life is becoming more complicated and the more complicated and the future,
more uncertain. An unexpected expenditure can take place in any one's life at any time. Meager savings
may not be enough to cover such expenditure. Thus it is pivotal that one invests wisely, so that one can
meet any unexpected expenditure that may occur in the future.
In temporary world, it is hard to come across a person, devoid of ambition. Ambitions may be big or
small. To satisfy some ambitions such as the acquisition of a bike, a car, or even a house, one needs to b
monetarily sound. The balance of one's earnings alone may not be sufficient. This opens the need for
investment.
To make resources productive
There are some people who make considerable saving, but choose to leave it idle. By doing so, they are
actually decreasing the value of their savings, because with rising inflation rates, year after year, the
value of money will also decrease simultaneously. So it is essential that the savings are invested and
managed wisely to secure lucrative returns.

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Asset Classes
a) Share/stocks
The bookish meaning of the word share is a unit of the total equity capital of a limited company. For
example, if a company has a total equity capital of 1 lakh, it can be divided into 10,000 units of face
value Rs 10. each units is referred to as a share. When you buy a share of a particular company, you get
the right to own a part of the company's assets along with voting powers as well. The person or group
holding maximum percentage of shares controls the company. Shareholders get returns in the form of
dividends and enjoy the growth fall and the investor could lose.
b) Derivatives
Derivative is a product whose value is derived from the value of one or more basic variables called bases
(underlying asset, index, or reference rate), in a contractual manner. The underlying asset can be equity,
forex, commodity or any other asset. In the Indian context, the Securities Contract (Regulation) Act 1956
defines derivative
As:i. A security derived from debt instrument, share, loan whether secured or unsecured risk instrument or
contract for differences or any other form of security.
ii. A contract which derives its value from prices, or index of prices of underlying securities.
c) Options
In finance language, an option is a contract between a buyer or a seller that gives the buyer the right,
but not an obligation to buy or to sell a particular underlying asset at an agreed price (strike price), on or
before the contract expiry date. The seller, known as option writer collects a premium from the buyer to
sell the option. The main feature of the option is limited risk and unlimited profit. In simple terms option
is like insurance, it gives protection against possible loss from a risk event. For example, by taking fire
insurance, one is protecting oneself against the possible loss that one could occur when an event of fire
takes place. To get such protection he will pay a fee called premium.
Such protection will be for a stipulated period, as mentioned in the contrast. If the possible risk event
(ie. Fire) takes place within the period, he will be compensated. If the event fails to take place, the
premium will be lapse.
d) Portfolio Management Services
Portfolio management service is most appropriate for those investors who understand risk, believe in
long term investment and dont have the time or technical knowledge to follow stock market intricacies.
PMS is a service offered by financial institutions with professional experience and knowledge. Here the
investors funds will be managed by professionals, after conducting a thorough investment analysis. PMS
activities are regulated by SEBI, and institutions have to register with SEBI, and obtain a PMS license to
undertake PMS activities.

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e) Mutual Funds
Mutual funds are the funds sponsored by a trust and managed by an asset management company
registered with SEBI. Mutual funds collect funds from the public, such as individual and corporate
investors and invest their money on behalf of the investors in various financial instruments such as
equity shares, government securities, bonds, debentures and so on. Each investor gets units, which
represent a portion of the holding of the fund..
e)Gold
Of all the precious metals used for investments, gold is the most popular. Investors generally buy gold as
a hedge or safe haven against any economic, political, social, or currency based crises. These crises
include investment market declines, burgeoning national debt, currency failure, inflation, war and social
unrest,
g) Real Estate
With the growth of our economy, earnings of the people have increased significantly and that has
consequently generated a huge demand for the properties in the country. This demand is growing by
the day, and has made people sit up and think about buying property as an investment. This has
consequently, led to an increase in the demand for the property. When a person buys a property as an
investment, it becomes a business and hence should be devoid of any emotion.
h) Bank deposits
Investments in bank through vehicles such as savings bank account and fixed deposits are a rather
common investment theme amongst the people of India. Bank deposits are considered to be fairly safe,
i) Forex
Foreign Currency Exchange trade is a trade where one country traded for another. The forex market is
the largest financial market in the world where trading is always done in pairs. All trades result in the
simultaneous buy of one currency and sale of another. Trade takes place around the clock any
centralized location with the main players being large banks, central banks, currency speculators,
multinational corporates, governments and other financial service institutions and markets. Forex
market is highly liquid by nature. j) Commodity
The FCRA Contracts (Regulation) Act, 1952 defines goods as every kind of moveable property other
than actionable claims, money, and securities.
Futures trading are in the goods or commodities that are permitted to be traded by the Central
Government. At present, all goods and products of agricultural (including plantation),mineral and fossil
origin, are allowed for futures trading under the auspices of the commodity exchange recognized under
the FCRA.
k) Debt instruments
Debt instrument represents a contract whereby one party lends money to another, on predetermined
terms. This is done with regard to the rate and periodicity of interest and the repayment of principal
amount by the borrower to the lender. In the Indian securities markets, the term bond is used for debt
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instruments issued by the central and state governments, and public sector organizations and the term
debenture is used for instruments issued by private corporate sector.
Asset allocation
To make a portfolio healthy there should be diversification across asset classes in order to facilitate
better returns. The assets should be allocated in the right proportion according to the investment
objective, age, income level, risk taking ability and time horizon of investment.
The investments should be selected from companies which have a good growth potential to enhance
the value of the portfolio in future and to enable the client to meet his financial goals; and also to enjoy
the fruits of good investments at the time when he has stopped working. The portfolio should be
readjusted according to the fluctuations in the equity market and debt markets, and changes in the
circumstances of the investor.
A healthy investment portfolio can be created only when utmost care is taken in choosing the right kind
of assets, in the right proportion, at the right time, and in the right manner. Asset allocation is the right
strategy of investing. The asset allocation pattern has to be reviewed regularly and if there is a need for
re-balancing, it should be done without hesitation.
Risk:
The chance that an investment's actual return will be different than expected. Risk includes the
possibility of losing some or all of the original investment. Different versions of risk are usually measured
by calculating the standard deviation of the historical returns or average returns of a specific
investment. A high standard deviation indicates a high degree of risk.
Many companies now allocate large amounts of money and time in developing risk management
strategies to help manage risks associated with their business and investment dealings. A key
component of the risk management process is risk assessment, which involves the determination of the
risks surrounding a business or investment.
Types of risks:
a.Interest rate risk: Interest rate risk is the variability in a securitys return, resulting from changes in the
level of interest rate. Other things being equal, security price moves inversely to interest rates. The
reason for this is the valuation of securities. This risk affects bondholders more than equity investors.
b.Market risk: Market risk refers to the .variability of returns due to fluctuations in the securities market.
All securities are exposed to market risk but equity shares are most affected. This risk includes a wide
range of factors, from the securities themselves to other factors like depressions, wars, politics etc.
c.Inflation risk: With a rise in the inflation, there is a reduction of purchasing power hence, this is also
referred to as purchasing power risk. This risk is also directly related to interest rate risk, as interest
rates go up with inflation.
d.Business risk: This refers to the risk of doing business in a particular industry or environment. It gets
transferred to the investors who invest in the business or company.

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e. Financial risk: Financial risk arises when companies resort to using financial leverage, or in other
words, they make use of debt financing. The more company resorts to debt financing, the greater is
their financial risk.
f. Liquidity risk: This risk is associated with the secondary market in which the particular security is
traded. A security which can be bought or sold quickly without significant price concession is considered
liquid. The greater the uncertainty about the time element and the price concession, the greater the
liquidity risk. Securities which have ready markets like treasury bills have lesser liquidity risk.
Investor
An individual who commits money to investment products with the expectation of financial return.
Generally, the primary concern of an investor is to minimize risk while maximizing return, as opposed to
a speculator, who is willing to accept a higher level of risk in the hopes of collecting higher-than-average
profits.
a. Value investors
These investors try to pick stocks at a bargain and hold it for many years. Value investors usually do not
get caught up in frequent market ups and down. In this case, the frequency of investment is very low
and the investor waits to get maximum gain from investments.
They average their holdings when price falls unless they find some company specific risks.
b. Value averaging investor:
This is an art of blending trading with investment. For example, the trader will buy nifty stocks or blue
chip stocks at its supports, usually with principle of 30:30:40 in mind.
Second buy is sold when it reaches the price of first buy. Similarly third buy is sold when it reaches the
second buy levels. This work well with blue chip companies since these stocks usually moves in wide
range. Value average investing is a continuous process and has moderate risk,
c. Systematic investment:
This strategy is suitable for majority of retails investors. Since the investment takes place in regular
intervals with same amount, market entry becomes simple and in the long run the average price of
holding remains at lower end. When the price is go down the investor gets more number of shares, this
helps to keep the average price low.
d. Leverage trader:
A person who trades on margin, takes buy or sell decisions very frequently, intraday or in few days of
time. He also uses derivatives for speculation. The risk is very high at the same time the trader manage
his risks by technical research. The trader also needs to be disciplined in his trading approach and should
use strict stop loss while trading. Since it is a leverage trade, minimum capital is advised to deploy to this
pattern of trading. Also with this method of trading, risk of losing capital is high.

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Investor profile
An investor profile is a reflection of an investor goals and objectives. It defines how much risk someone
is willing to accept and also the kinds of rewards or returns that he is expecting. Based on this profile, an
investor and a financial advisor can together determine where to allocate funds, because each asset
class carries a different level of risk. An investor profile dictates how much capital goes to stocks, bonds,
and other asset classes, and how much should remain in cash.
Certain criteria determine an investor's profile. Often, a financial advisor will ask a client to fill out an
investor profile questionnaire. The purpose is to find out basic information such as the amount of
money available to invest, when the funds will be needed, what the funds will be used for, and the age
of an investor. An investor who is close to retirement, for example, will have a shorter investment time
horizon than someone who is in their 20s or 30s.
The way an investor handles loss also plays into his investor profile. If a portfolio declines 20% in one
year's time and the investor uses this as an opportunity to purchase additional securities, his tolerance
for risk is high. If, however, he liquidates the portfolio and sells everything, there is a low risk tolerance.
There are mainly three types of investors, such as;
a. Conservative investor:
For a conservative investor, preservation of capital is most important and he wants a high level of
secured income. Capital growth on a conservative portfolio will be moderate.
b. Moderate investors;
This type of client has a balanced view on secured income and capital growth. The income from a
balanced portfolio will be better.
c. Aggressive investor;
An aggressive investor is ready to bear extra risk in the form of exposure to equity in order to get higher
returns. The aggressive portfolio can face high short term fluctuations in the portfolio value.
Wealth management
Wealth Management is a discipline that incorporates financial planning, Investment portfolio
management and a number of financial services. It is a professional service it can also encompass all
parts of a person's financial life. Wealth management is done by wealth managers. Wealth managers
can be MBAs, CFAs, certified financial planners or any credentialed professional money manager who
works to enhance the growth and income. Investors must have already accumulated a proper amount of
wealth for wealth management strategies to be efficient and effective. It can be provided by large
company entities, independent financial advisers or multilicensed portfolio managers. Their services
are designed to focus on high-net worth customers. Wealth Managers use their experience in estate
planning, risk management and legal specialists, to manage the holdings of high net worth client. Wealth
managers must contain a current profile of client holdings.
Wealth management is integrated processes for helping clients to manage their wealth. It involves huge
a wide range of services and the services depend upon each investor but the condition is that services
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should include investment management, financial planning, retirement, Estate planning, tax planning,
debt management and cash flow. It is based on the long term relationship with the customer.
It results in deeper customer relationship which leads to increased profitability and more client referrals.
Wealth management offers wealth managers the opportunity to cross-sell a huge range of services and
products to each customer as appropriate. Wealth management is an emerging sector.
Features of Wealth Management:

Allows customer to review risk profiles.

Track holdings against model portfolios from returns.

Captures Customers details and risk profile.

On approval by client they execute financial plans.

Based on the advanced algorithms they provide tax coverage, education and insurance.

Interfaces with banks, portfolios management systems, price vendors and other agencies.

Provides dynamic search.

Document Management.

Dynamic user access control.

Portfolio
A collection of investments all owned by the same individual or organization. These investments often
include stocks, which are investments in individual businesses; bonds, which are investments in debt
that are designed to earn interest; and mutual funds, which are essentially pools of money from many
investors that are invested by professionals or according to indices.
Portfolio Investment
Portfolio investment is the pool of different investments by which an investor bets to make a profit
while aiming to preserve the invested (principal) amount. These investments are chosen generally on
the basis of different risk-reward combinations: from low risk, low yield (gilt edged) to 6high risk, high
yield (junk bonds) ones; or different types of income streams: steady but fixed, or variable but with
potential for growth. It is the acquisition of bonds (of more them twelve months to maturity) or of
shares in a company, domestic or foreign, for investing purpose only. Portfolio investment carries a
share in profit and dividends but stop of bringing a say in how the business is run.
Types of portfolio investment
In general there are two different kinds of investment ways, direct investment and portfolio investment
Direct investment is done by embed capital investment in to real assets, such as opening of factories,
infrastructure projects, setting up some financial companies and others.

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SYSTEMATIC INVESTMENT PLAN or SIP

It has been observed that stocks with good fundamentals are considered one of the best investment
avenues. Historically investment in equity stocks has given phenomenal returns amongst all the other
asset classes if investment was done with discipline & with long term time horizon.
Selection of stocks and decision of the right price to enter is an integral part of equity investment and
this is the step where most of the investors falter. Equity Systematic Investment Plan (SIP) is an
instrument which helps you avoid the risk of timing the markets and facilitate wealth creation in a
disciplined manner by averaging cost of Investments. Small savings create the big corpus for future. Let's
find out what a SIP is and what are its benefits.
What is SIP?
Systematic Investment Plan enables you to build a portfolio over a longer time horizon with small
investments at regular intervals reducing the risk of market volatility. You can choose between Quantity
based and Amount based SIPs in Stocks, Mutual Funds, ETFs and Gold.
Amount Based and Quantity Based SIP
Amount based SIP - It's a type wherein a fixed amount (decided by you) is invested in your selected
share at pre- defined frequency.
Formula for calculation of Quantity is SIP Amount / Market price of the share. Any fractional value will
be ignored and order will be placed for the remaining quantity.
Is Systematic Investment Plan (SIP) better than lump sum investment? Systematic Investment Plan
(SIP) is better than lump sum investment as investors get security from fluctuations in the market. When
there is a bear market, then you get more units through SIP because NAV is at its lowest level during
that period, and vice-versa. Thus it brings a balanced average NAV of units purchased at times of bear
and bull market. Thus SIP is considered to be less risky. Mostly, you get facility of waived exit load in SIP.
On the other hand, high return could not be received from Systematic
Investment Plan (SIP) at times of bull market due to low invested amount. Lump sum is based on
principle of' high risk-high return'.
Which funds offer Systematic Investment Plan (SIP)?
Equity fund, date fund or sectorial funds allow you to invest in all categories through route of Systematic
Investment Plan (SIP). But these plans cannot be used in ETF. Thus mutual fund offers has found a way
to resolve this matter. Mutual fund house raises gold fund and invest in gold ETF. Thus it works like a
feeder fund.
SIP works on the principle of regular investments and brings the power of compounding to your forth. It
removes tensions and uncertainty from your investment plan by making it a mechanical boring process.
It inculcates the habit of regular savings and does not encourage timing and speculation in the markets.
All these are correct and accepted facts. But, don't forget that SIP is just another method of investing, it
is a vehicle not the final destination - it may pass through straight road or bumpy roads - it may lead you
to your destination is a lesser or sometimes higher time frame - and sometimes it may even not lead you

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to your destination by derailing your plan. SIP is just a method of getting on to the investment vehicle to
reach your destination - if the vehicle you choose is incorrect - whichever method you may get in- there
is less likelihood of you reaching your destination. Therefore, the next time when a mutual fund or
distributor or financial planner advises you that SIPs are the safest route to invest in equities then
remember that they are not telling lies - it is safest route but not for you the investor but for their own
selves.
Interpretation
The data analysis is done with the perspective of achieving the objective of the study. CAGR and IRR
methods are used for the purpose of the study.
TOOLS USED FOR ANALYSIS
The calculation of return for lump sum investments are found by using the compounded annual growth
rate (CAGR) method, The year-over-year growth rate of an investment over a specified period of time.
CAGR Defined
The concept of CAGR is relatively straightforward and requires only three primary inputs: an
investments beginning value, ending value, and the time period. Online tools, including Investopedias
CAGR calculator, will give the CAGR when entering these three values. The CAGR represents the growth
rate of an initial investment assuming it is compounding by the period of time specified. The compound
annual growth rate is calculated by taking the nth root of the total percentage growth rate, where n is
the number of years in the period being considered.
Specifically, the formula is:

Beginning Value
In the case of SIP investments, as there are multiple cash outflows and a final cash inflow at the end, the
rate of return is calculated using the internal rate or return (IRR) method.
BETA
It is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the
market as a whole. Beta is used in the capital asset pricing model (CAPM), a model that calculates the
expected return of an asset based on its beta and expected market returns,
also known as beta coefficient.."
Beta is calculated using regression analysis, and you can think of beta as the tendency of a security's
returns to respond to swings in the market. A beta of 1 indicates that the security's price will move with
the market.
A beta of less than 1 means that the security will be less volatile than the market and A beta of
greater than 1 indicates that the security's price will be more volatile than the market. For example, if a
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stock's beta is 1.2, it's theoretically 20% more volatile than the market.
Many utilities stocks have a beta of less than 1. Conversely, most high-tech, Nasdaq-based stocks have a
beta of greater than 1, offering the possibility of a higher rate of return, but also posing more risk.
In finance, the Beta () of a stock or portfolio is a number describing the correlated volatility of an asset
in relation to the volatility of the benchmark that said asset is being compared to. This benchmark is
generally the overall financial market and is often estimated via the use of representative indices, such
as the S&P 500. Some interpretations of beta are explained in the following table.

Value
of Beta

Interpretation

Example

<0

Asset generally moves in the opposite

direction as compared to the index

Gold, which often moves opposite to the

movements of the stock market

=0

Movement of the asset is uncorrelated

with the movement of the benchmark

Fixed-yield asset, whose growth is unrelated to

the movement of the stock market

0<<
1

Movement of the asset is generally in

the same direction as, but less than the
movement of the benchmark

Stable, "staple" stock such as a company that

makes soap. Moves in the same direction as the
market at large, but less susceptible to day-today fluctuation.

=1

Movement of the asset is generally in

the same direction as, and about the
same amount as the movement of the
benchmark

A representative stock or a stock that is a strong

contributor to the index itself.

>1

Movement of the asset is generally in

the same direction as, but more than the
movement of the benchmark

Volatile stock, such as a tech stock, or stocks

which are very strongly influenced by day-today market news.

BETA = COVARINACE (STOCK VERSUS MARKET RETURN)

VARIANCE OF THE STOCKMARKET
Beta depends on two factors: the relative volatility of the stock's returns and the index's returns, and
the correlation of stock's returns and the index's returns; the product of these two factors is the stock's
beta
ALPHA
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a
mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the
fund relative to the return of the benchmark index is a fund's alpha.
The abnormal rate of return on a security or portfolio in excess of what would be predicted by an
equilibrium model like the capital asset pricing model (CAPM).
30 | P a g e

Alpha is one of five technical risk ratios; the others are beta, standard deviation, R-squared, and the
Sharpe ratio. These are all statistical measurements used in modern portfolio theory (MPT). All of these
indicators are intended to help investors determine the risk-reward profile of a mutual fund. Simply
stated, alpha is often considered to represent the value that a portfolio manager adds to or subtracts
from a fund's return.
A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a
similar negative alpha would indicate an underperformance of 1%.
The formula of alpha is:
(Sum of y)- ((b) (sum of x))]/n
n= no of observations
b=beta of the fund
x=rate of return for the market
y=rate of return for the fund

31 | P a g e

DATA ANALYSIS & INTERPRETATION

32 | P a g e

Frequency

Gender
Percent

Valid Percent

Male
Female

69
31

69.0
31.0

69.0
31.0

Total

100

100.0

100.0

Cumulative
Percent
69.0
100.0

Interpretation:From the table, out of 100 respondents, 45% of investors are between the age group of 25-40. 23% of
investors are less than 25 years of age. 14% of investors are between the age group of 40-60. And 18%
of respondents were aged above 60. Most of the investors are of the age group of 25- 45.

33 | P a g e

Occupation Type
Percent

Employee

Frequenc
y
18

18.0

Valid
Percent
18.0

Cumulative
Percent
18.0

Business

27

27.0

27.0

45.0

Professiona
l

31

31.0

31.0

76.0

Housewife

15

15.0

15.0

91.0

Student

9.0

9.0

100.0

Total

100

100.0

100.0

Interpretation:Out of 100 respondents, 18% were employees. 27% were doing their own business. 31% were
professionals. 15% was housewives and 9% were students. Most of the respondents were professionals.

34 | P a g e

Annual Income
Frequency

Percent

Valid Percent

Cumulative
Percent

Below 3 Lakh

21

21.0

21.0

21.0

3 - 6 Lakhs

58

58.0

58.0

79.0

6 - 10 Lakhs

13

13.0

13.0

92.0

Above 10 Lakhs

8.0

8.0

100.0

Total

100

100.0

100.0

Interpretation:From the above bar diagram, most of the respondents were in the income range of 3 -6 Lakhs.

35 | P a g e

Knowledge Level
Frequency

Percent

Valid Percent

Cumulative
Percent

Very Limited

51

51.0

51.0

51.0

Basic Knowledge

26

26.0

26.0

77.0

Fairly Good

19

19.0

19.0

96.0

Extensive Knowledge

4.0

4.0

100.0

Total

100

100.0

100.0

Interpretation:From the table, out of 100 respondents, most of the people have very limited knowledge about
investment. Only very few have extensive knowledge about various investment avenues.

36 | P a g e

Investor Profile
Frequency

Percent

Valid
Percent

Cumulative
Percent

Systematic Investor

24

24.0

24.0

24.0

Value Averaging Investor

17

17.0

17.0

41.0

Value Investor

59

59.0

59.0

100.0

Total

100

100.0

100.0

Interpretation:From the table, 59% of the sample was value investors. 17% of the investors were value averaging
investors. 24% of the respondents were systematic investors

37 | P a g e

Risk Profile
Frequency

Percent

Valid Percent

Cumulative
Percent

Aggressive

15

15.0

15.0

15.0

Conservative

37

37.0

37.0

52.0

Moderate

48

48.0

48.0

100.0

Total

100

100.0

100.0

Interpretation:Risk Profile was an important characteristic that needed to be taken into consideration during the
preparation of an investment portfolio. The risk was ascertained based on the requirements of the
respondents/investors.
The risk categories included Aggressive risk profile which comprised of avenues that generated high
returns but also came with high risk. Another category was the moderate risk profile which comprised of
products that provided moderate or average returns with an average risk comparatively lesser than that
in an aggressive profile. The 3 category was the conservative risk profile which comprised of avenues
that generated extremely low returns but provided guarantee and considerably lesser risk as compared
to the previous 2 categories.
Based on the analysis, people preferred the moderate risk profile the most which was understandable as
the returns were higher than a conservative risk profile and more stable than an aggressive risk profile.
38 | P a g e

Investment Duration

Frequency

Percent

Valid Percent

Cumulative
Percent

Less than 1 year

29

29.0

29.0

29.0

1 - 3 years

37

37.0

37.0

66.0

3 - 5 years

24

24.0

24.0

90.0

Above 5 years

10

10.0

10.0

100.0

100

100.0

100.0

Total

Interpretation:Time horizon is an important factor which each and every investor takes into consideration before
investing. It is the period for in which the investors are willing to invest their funds in each security.
Moreover time horizon is an important factor while creating an adequate portfolio.
Most of the respondents preferred a medium term investment which provided added adequate returns,
safety and assured liquidity as and when the need arises.

39 | P a g e

Several other respondents preferred short term investment as they wanted quick returns within the
shortest span of time possible.
Very few preferred long term investment as an option due to current trends in the market wherein the
changes were long lasting and of high impact in nature. Very few of the respondents even had no
preference in their time preference and responded that they would prefer it based on the securities
offered to them for investment.
Expected Returns
Frequency

Percent

Valid Percent

Cumulative Percent

Below 8 %

4.0

4.0

4.0

8 - 12%

46

46.0

46.0

50.0

12 - 20%

48

48.0

48.0

98.0

2.0

2.0

100.0

100

100.0

100.0

Above 20%
Total

40 | P a g e

Interpretation:From the table, it shows that most of the population expects return between 8-20% from their
investments.

Investment Avenue
Rank 3
Factor
Loading

Investment avenues

Rank 1

Rank 2

Percentage

Weighted
ranks

Bank Deposits

60

14

14

222

37

Shares

10

24

24

102

16

Mutual Funds

14

18

58

Postal Savings

14

16

62

10

Gold

12

20

18

94

15

Real Estate

20

14

78

13

616

100

Total

Interpretation
From the table, it was observed that, Bank Deposits are ranked as the most preferred investment
avenue. Shares are ranked second, Gold is ranked third followed by real estate, mutual funds, and postal
savings respectively.
This analysis shows that most of the respondents prefer the safety of bank deposits and they are not
fully aware of other investment avenues like shares, mutual funds etc. The other reason may be the
negative return on shares, mutual funds etc.

41 | P a g e

Factors taken into consideration before investing

Objective

Rank 1

Rank 2

Rank 3

Rank 4

Factor
Loading

Percentage

Weighted
ranks

Return

58

24

11

332

33

Safety

32

40

12

14

286

29

Liquidity

20

59

24

218

22

Tax Savings

16

18

56

164

16

Total

100

Interpretation:The factors which an investor considers before investing is an integral part while preparing an adequate
portfolio. The various options of factors presented to the respondents included risk, return, liquidity
safety and tax savings.
Based on the responses, the respondents primary concern where the return they associated with each
asset. The assets should be capable of providing an adequate return for their investments. The second
majority of the respondents preferred to know what was the risk associated with each product. They
didnt consider the margin of then returns rather than the consistency of the returns which they received.
Lesser percentage of the respondents considered factors such as safety and liquidity. They preferred those
factors because they wanted cash available as and when the need or requirement arises which gave them
preference in liquidity. Those preferred safety because they wanted the capital they had invested to be
safe and not reduce but at the same time ensure more returns.

Portfolio Creation
For the purpose of the study, 50 companies listed in National Stock Exchange have been taken and out
of the 50 companies, 18 companies are identified to create a portfolio according to the 3 investor
classes i.e. Aggressive, Moderate and Conservative.

Annexure II- CNX Nifty Index : June 2015

Sr.
No
1

Security
Symbol
ACC

Security Name

Industry

Beta

ACC Ltd.

0.81

AMBUJACE
M

Ambuja Cements Ltd.

CEMENT AND CEMENT

PRODUCTS
CEMENT AND CEMENT
PRODUCTS

ALPH
A
0.13

0.94

0.22

42 | P a g e

8
9
10

ASIANPAIN
T
AXISBANK
BAJAJAUTO
BANKBARO
DA
BHARTIART
L
BHEL
BOSCHLTD
BPCL

11

CAIRN

Bharat Heavy Electricals Ltd.

Bosch Ltd.
Bharat Petroleum Corporation
Ltd.
Cairn India Ltd.

12
13
14
15
16

CIPLA
COALINDIA
DRREDDY
GAIL
GRASIM

Cipla Ltd.
Coal India Ltd.
Dr. Reddy's Laboratories Ltd.
GAIL (India) Ltd.
Grasim Industries Ltd.

17

HCLTECH

HCL Technologies Ltd.

18

HDFC

19
20

HDFCBANK
HEROMOT
OCO
HINDALCO
HINDUNILV
R
ICICIBANK
IDEA

Housing Development Finance

Corporation Ltd.
HDFC Bank Ltd.
Hero MotoCorp Ltd.

4
5
6
7

21
22
23
24
25
26
27
28
29
30

Asian Paints Ltd.

PAINTS

0.54

0.64

Axis Bank Ltd.

Bajaj Auto Ltd.

BANKS
AUTOMOBILES - 2 AND 3
WHEELERS
BANKS

0.59
0.63

1.6
-

2.17

1.28

TELECOMMUNICATION SERVICES
ELECTRICAL EQUIPMENT
AUTO ANCILLARIES
REFINERIES

0.68

0.06

1.43
0.41
0.89

-0.32
0.61
0.44

OIL
EXPLORATION/PRODUCTI
ON
PHARMACEUTICALS
MINING
PHARMACEUTICALS
GAS
CEMENT AND CEMENT
PRODUCTS
COMPUTERS SOFTWARE
FINANCE - HOUSING

0.71

-0.18

0.41
0.73
0.39
0.73
0.87

0.27
0.09
0.37
-0.07
0

0.67

0.83

1.12

0.21

BANKS
AUTOMOBILES - 2 AND 3
WHEELERS
ALUMINIUM
DIVERSIFIED

1.02
0.39

0.25
0.18

1.5
0.41

-0.29
-

BANKS
TELECOMMUNICATION SERVICES
BANKS

1.26
0.44

1.49
0.42

0.56

0.56

0.37

I T C Ltd.
Kotak Mahindra Bank Ltd.

COMPUTERS SOFTWARE
CIGARETTES
BANKS

0.59
1.3

0.31
0.33

Larsen & Toubro Ltd.

Lupin Ltd.

ENGINEERING
PHARMACEUTICALS

1.44
0.32

0
0.71

Bank of Baroda
Bharti Airtel Ltd.

Hindalco Industries Ltd.

Hindustan Unilever Ltd.
ICICI Bank Ltd.
Idea Cellular Ltd.

INDUSINDB IndusInd Bank Ltd.

K
INFY
Infosys Ltd.
ITC
KOTAKBAN
K
LT
LUPIN

43 | P a g e

31

M&M

Mahindra & Mahindra Ltd.

32

MARUTI

Maruti Suzuki India Ltd.

33
34
35

NMDC
NTPC
ONGC

NMDC Ltd.
NTPC Ltd.
Oil & Natural Gas Corporation Ltd.

36
37

Punjab National Bank

Power Grid Corporation of India
Ltd.
Reliance Industries Ltd.
State Bank of India
Sun Pharmaceutical Industries
Ltd.
Tata Motors Ltd.

43

PNB
POWERGRI
D
RELIANCE
SBIN
SUNPHAR
MA
TATAMOT
ORS
TATAPOW
ER
TATASTEEL

44

TCS

Tata Consultancy Services Ltd.

45

TECHM

Tech Mahindra Ltd.

46

Ultra Tech Cement Ltd.

47
48

ULTRACEM
CO
VEDL
WIPRO

49
50

YESBANK
ZEEL

Yes Bank Ltd.

Zee Entertainment Enterprises
Ltd.

38
39
40
41
42

Tata Power Co. Ltd.

Tata Steel Ltd.

Vedanta Ltd.
Wipro Ltd.

AUTOMOBILES - 4
WHEELERS
AUTOMOBILES - 4
WHEELERS
MINING
POWER
OIL
EXPLORATION/PRODUCTI
ON
BANKS
POWER

0.46

0.42

0.91

0.28

0.99
0.83
0.91

-0.35
-0.19
0.01

1.23
0.72

0.05

REFINERIES
BANKS
PHARMACEUTICALS

1.07
1.41
0.54

-0.25
0.66

AUTOMOBILES - 4
WHEELERS
POWER

1.45

0.4

1.02

-0.24

STEEL AND STEEL

PRODUCTS
COMPUTERS SOFTWARE
COMPUTERS SOFTWARE
CEMENT AND CEMENT
PRODUCTS
MINING
COMPUTERS SOFTWARE
BANKS
MEDIA &
ENTERTAINMENT

1.32

-0.39

0.6

0.41

0.73

0.59

0.77

0.28

1.3
0.54

0.14

1.75
0.59

0.27
0.34

From the 50 companies, 18 companies are selected on the basis of their beta values. Beta values
indicate a companys share response to changes in the market. Those having a beta value greater than 1
tend to vary significantly on a slight change in the market and those with beta values between 0.8 and 1
change proportionately to changes in the market while those with a beta value of less than 0.8 shows an
insignificant response to changes in the market.
Beta coefficient is given by the following formulas:
=

Covariance of Market Return with Stock Return

Variance of Market Return

44 | P a g e

The Beta values have been computed based on the companies current responses to changes in the
market detailed information regarding the various companies selected as well as the computation of
their beta values has been explained.
The following table shows a consolidated list of the companies and their beta value:

Sr. No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Security Symbol
BANKBARODA
YESBANK
TATAMOTORS
LT
KOTAKBANK
ICICIBANK
HDFCBANK
AMBUJACEM
MARUTI
BPCL
GRASIM
TECHM
BHARTIARTL
ITC
ASIANPAINT
SUNPHARMA
DRREDDY
HEROMOTOCO

Security Name
Industry
Bank of Baroda
BANKS
Yes Bank Ltd.
BANKS
Tata Motors Ltd.
AUTOMOBILES - 4 WHEELERS
Larsen & Toubro Ltd.
ENGINEERING
Kotak Mahindra Bank Ltd.BANKS
ICICI Bank Ltd.
BANKS
HDFC Bank Ltd.
BANKS
Ambuja Cements Ltd.
CEMENT AND CEMENT PRODUCTS
Maruti Suzuki India Ltd. AUTOMOBILES - 4 WHEELERS
Bharat Petroleum Corporation
REFINERIES
Ltd.
Grasim Industries Ltd. CEMENT AND CEMENT PRODUCTS
Tech Mahindra Ltd.
COMPUTERS - SOFTWARE
Bharti Airtel Ltd.
TELECOMMUNICATION - SERVICES
I T C Ltd.
CIGARETTES
Asian Paints Ltd.
PAINTS
Sun Pharmaceutical Industries
PHARMACEUTICALS
Ltd.
Dr. Reddy's Laboratories Ltd.
PHARMACEUTICALS
Hero MotoCorp Ltd.
AUTOMOBILES - 2 AND 3 WHEELERS

Beta
2.17
1.75
1.45
1.44
1.3
1.26
1.02
0.94
0.91
0.89
0.87
0.83
0.68
0.59
0.54
0.54
0.39
0.39

The above listed companies are classified onto the 3 investor classes based on their beta values, with
companies having a beta value greater than 1 is placed into the aggressive category. These are firms
which have high risk securities but also provide huge returns.Companies having a beta value of 0.8 and 1
are placed in the moderate category. These shares ensure security with moderate risk along with
moderate returns.Companies having a beta value of less than 0.8 are placed into those of a conservative
nature as they ensure extremely low risk but the returns from such firms will also be very low
AGGRESSIVE INVETORS
Bank Of Baroda
YES Bank
Tata Motors Ltd.
Larsen & Toubro Ltd.
Kotak Mahindra Bank Ltd
ICICI Bank

45 | P a g e

Beta
2.17
1.75
1.45
1.44
1.3
1.26

MODERATE INVESTORS
HDFC Bank Ltd.
Ambuja Cements Ltd
Maruti Suzuki India Ltd.
Bharat Petroleum Corp Ltd
Grasim Industries Ltd.
Tech Mahindra Ltd

Beta
1.02
0.94
0.91
0.89
0.87
0.83

CONSERVATIVE INVESTORS
Bharti Airtel Ltd.
I T C Ltd.
Asian Paints
Sun Pharmaceutical Industries Ltd.
Dr. Reddy's Laboratories Ltd.
Hero Motor Corp Ltd.

Beta
0.68
0.59
0.54
0.54
0.39
0.39

Based on further analysis we are able to suggest to a prospective investor on the mode of investment he
is able to do in an assigned portfolio.
There are two such modes as suggested. They are Lump sum payment and Systematic Investment Plan.
Lump sum mode of payment is one in which is more common where in the investor deposits an initial
amount into a particular fund and expect growth or returns on that particular investment. The risk,
factor is dependent on the nature of the security he is investing and he may face significant losses or
significant profits if any.
Systematic mode of investment is one in which the investor invests a significant portion of his funds in a
periodic basis based on the returns associated with each security. The benefit he receives from investing
in this format is that the prices of the shares may fall and he may end up having more shares or if the
price rises he may end with holding assets of much bigger value than he already invested in

ESTIMATING THE VALUE OF STOCKS FOR A PEROID OF 5YRS BY SIP & LUMP SUM
Bank of Baroda
Date
7/1/2010
8/2/2010

Price of
share
84
90

46 | P a g e

SIP
Investment Unit
10000
10000

119
111

Total
Unit
119
230

Total
Investment
10000
20000

Value

Lump sum
Total Unit Value

10000
20699

7133
7133

600000
641940

9/1/2010
10/1/2010
11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014

98
113
105
100
97
97
108
102
97
108
109
91
94
95
87
82
93
99
98
95
85
103
92
89
112
102
107
121
122
98
95
98
91
96
94
77
83
108
108
108
101
101
133
150
155
171

47 | P a g e

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

103
88
95
100
103
103
93
98
104
93
92
109
106
105
116
122
107
101
102
105
117
97
109
113
89
98
94
82
82
103
106
102
109
104
106
129
121
93
92
92
99
99
75
67
64
58

333
421
516
616
719
821
914
1012
1116
1208
1300
1410
1516
1621
1736
1858
1965
2066
2167
2272
2390
2487
2596
2709
2798
2896
2990
3072
3154
3257
3363
3465
3574
3678
3784
3913
4034
4126
4219
4311
4410
4509
4584
4651
4715
4774

30000
40000
50000
60000
70000
80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000

32435
47702
54084
61741
69869
79969
98611
103199
107774
130494
141291
128807
142895
154548
150301
152852
183159
205461
213354
216332
203517
255578
238791
239965
312997
294680
319684
373217
383801
317684
318434
339531
326561
354538
356778
302755
334277
445404
456600
467275
445029
457278
607951
699136
731088
818039

7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133

695792
808773
747432
715050
693367
694365
769401
727175
688944
770257
774964
651641
672325
680100
617404
586805
664765
709415
702140
679030
607418
732953
656134
631883
797860
725678
762625
866476
867832
695720
675464
699001
651712
687589
672539
551854
591084
769900
771969
773110
719757
723395
945934
1072254
1105920
1222325

7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

170
170
176
182
213
42
189
177
160
165
159
146

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

59
59
57
55
47
236
53
57
63
61
63
68

4832
4891
4948
5003
5050
5286
5338
5395
5458
5518
5581
5649

490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

823743
833405
872848
909169
1073398
224054
1008066
954645
872337
911698
887155
827058

7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133
7133

SIP
Duration
Present Value

60
827057.8

Lump sum
Investment
Current Value
Duration

600000
1044223
5

IRR
Absolute Return

13.20%
38%

CAGR
Absolute Return

11.72%
74%

1215906
1215407
1258345
1296291
1516191
302354
1346862
1262126
1140086
1178459
1133809
1044223

Bharti Airtel Ltd.

Date
7/1/2010
8/2/2010
9/1/2010
10/1/2010
11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012

Price of
share
300
321
359
320
353
352
313
325
351
373
367
388
429
397
372
385
380
338
360
345

48 | P a g e

SIP
Investment

Unit

Total Unit

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

33
31
28
31
28
28
32
31
29
27
27
26
23
25
27
26
26
30
28
29

33
64
92
124
152
180
212
243
271
298
325
351
375
400
427
453
479
509
536
565

Total
Investment
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000

Value

Lump sum
Total Unit Value

10000
20704
33167
39486
53670
63468
66428
78990
95212
111247
119520
136148
160749
158754
158684
174477
181939
171865
192972
194793

1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999

600000
642220
718637
638886
706571
703922
625840
649971
701175
745613
734038
774747
857833
793820
743470
770611
759400
675613
719277
688791

3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

332
305
298
300
295
245
262
266
333
313
335
319
288
315
299
289
341
296
316
364
324
327
312
285
315
325
341
334
369
370
405
399
382
353
374
355
393
381
426
417

49 | P a g e

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

30
33
34
33
34
41
38
38
30
32
30
31
35
32
33
35
29
34
32
27
31
31
32
35
32
31
29
30
27
27
25
25
26
28
27
28
25
26
23
24

595
628
662
695
729
770
808
845
876
907
937
969
1003
1035
1069
1103
1132
1166
1198
1225
1256
1287
1319
1354
1386
1416
1446
1476
1503
1530
1554
1580
1606
1634
1661
1689
1714
1741
1764
1788

210000
220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000
490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

197951
191900
196986
208614
215195
188405
211825
225176
291418
284210
314376
308917
289116
325872
319689
318889
386546
345606
378195
445699
407013
421059
411615
385811
436257
460399
492924
492610
555248
565721
629876
630083
613863
576334
620649
599924
674274
663358
750817
744939

1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999
1999

664598
610707
595070
599988
590153
489261
524109
532401
665380
626088
670513
637541
576037
629346
598093
577888
682374
592447
631172
727139
647710
654149
623941
569668
629388
649791
681582
667321
738628
739257
810025
797431
764246
705073
747054
710071
786236
761847
850806
832814

SIP
Duration
Present Value

60
744939.3

IRR
Absolute Return

8.86%
24%

Lump sum
Investment
Current Value
Duration
CAGR
Absolute Return

600000
832814.1
5
6.78%
39%

Kotak Mahindra Bank

Ltd
Date
7/1/2010
8/2/2010

Price of
share
384
412

9/1/2010
10/1/2010
11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012

474
462
474
452
383
403
456
428
439
477
443
441
458
511
465
429
497
546
543
581
561
590
534
573
647
602

50 | P a g e

SIP
Investment

Total
Investment
10000
20000

Value

26
24

Total
Unit
26
50

10000
20743

Lump sum
Total
Value
Unit
1563
600000
1563
644578

Unit

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

21
22
21
22
26
25
22
23
23
21
23
23
22
20
22
23
20
18
18
17
18
17
19
17
15
17

71
93
114
136
162
187
209
232
255
276
299
321
343
363
384
408
428
446
464
482
499
516
535
553
568
585

30000
40000
50000
60000
70000
80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
270000
280000

33849
42992
54145
61527
62250
75450
95285
99509
112136
131763
132461
141851
157199
185220
178700
174859
212394
243448
252381
279713
280450
304783
285960
316429
367574
352078

1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563

741083
722334
741705
705842
599417
630223
712376
669199
686859
745828
693179
689985
715996
798078
726899
670594
776195
853136
849399
907729
877668
922524
835281
895072
1011457
941299

11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

669
648
679
658
651
705
781
720
651
659
677
751
756
727
656
683
780
801
867
882
953
1037
1012
1117
1202
1263
1321
1337
1312
1332
1398
1358

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

15
15
15
15
15
14
13
14
15
15
15
13
13
14
15
15
13
12
12
11
10
10
10
9
8
8
8
7
8
8
7
7

SIP
Duration
Present Value

IRR
Absolute Return

51 | P a g e

600
615
630
645
660
675
687
701
717
732
747
760
773
787
802
817
830
842
854
865
875
885
895
904
912
920
928
935
943
950
957
965

290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000
490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

60
1310037

118%

2%
32.82%
Absolute Return

400974
398774
427361
424327
430081
475713
536743
505096
466701
481888
505403
570818
584118
572083
526151
558132
646858
674705
740230
762927
834240
917588
905965
1009995
1096089
1162056
1225658
1250072
1237178
1265690
1338742
1310037
Lump sum
Investment
Current Value
Duration
CAGR
254%

1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563
1563

1045290
1013485
1060724
1028374
1018083
1102430
1220688
1125973
1018090
1029405
1058276
1174311
1181100
1136544
1025425
1068265
1218947
1252578
1355659
1378912
1489729
1620708
1582516
1746766
1878368
1974279
2065346
2089636
2051365
2082061
2185781
2122587

600000
2122587
5
28.75%

ASIAN PAINTS
Date
7/1/2010
8/2/2010

Price of
share
184
195

9/1/2010

SIP
Investment Unit

Total
Investment
10000
20000

Value
10000
20612

Lump sum
Total
Value
Unit
3264
600000
3264
636714

10000
10000

54
51

Total
Unit
54
106

188

10000

53

159

30000

29870

3264

613793

10/1/2010 196

10000

51

210

40000

41145

3264

639991

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

52
48
53
57
54
49
44
40
41
39
40
39
43
47
41
39
38
35
31
29
31
31
29
29
26
25
25
26
22
24
23
22
20
24

262
309
362
419
474
523
567
607
647
686
726
765
808
855
896
935
973
1008
1039
1068
1099
1130
1159
1187
1213
1238
1262
1288
1311
1334
1357
1379
1399
1423

50000
60000
70000
80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000

50550
64935
68141
73467
87296
105894
129588
152152
159711
177661
180508
196429
189009
180170
218175
240940
256369
288891
339418
366637
353419
363264
402608
416001
475341
496559
514244
498088
583292
565298
597257
627647
697144
588137

3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264

630742
685459
613741
571641
601430
660670
746106
818441
805311
845397
811362
837975
763662
687544
794413
840893
859842
935379
1066596
1120706
1049736
1049275
1134036
1143592
1279228
1309418
1329683
1262051
1452603
1382889
1436608
1485652
1626481
1348832

193
210
188
175
184
202
229
251
247
259
249
257
234
211
243
258
263
287
327
343
322
321
347
350
392
401
407
387
445
424
440
455
498
413

52 | P a g e

9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

451
531
496
482
464
465
539
497
499
589
623
619
626
653
740
748
853
802
807
758
782
736

SIP
Duration
Present Value
IRR
Absolute Return

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

Dr. Reddy's Laboratories Ltd.

SIP
Date
Price of
Investment
share
7/1/2010 1308
10000
8/2/2010 1317
10000
9/1/2010 1392
10000

22
19
20
21
22
21
19
20
20
17
16
16
16
15
14
13
12
12
12
13
13
14

1445
1464
1484
1505
1527
1548
1567
1587
1607
1624
1640
1656
1672
1687
1701
1714
1726
1738
1751
1764
1777
1790

390000
400000
410000
420000
430000
440000
450000
460000
470000
480000
490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

651650
777064
735495
725562
708464
720416
844572
788603
802427
956342
1022128
1024892
1046464
1102092
1259206
1282057
1471762
1394941
1412113
1337087
1390228
1317119

3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264
3264

1471556
1732185
1617232
1573402
1514638
1518812
1759480
1622049
1629915
1922238
2034369
2019966
2042773
2131841
2416414
2441075
2783239
2619052
2632518
2474009
2553832
2401162

60
1317119

Lump sum
Investment
Current Value
Duration

600000
2401162
5

33.06%
120%

CAGR
Absolute Return

31.96%
300%

Total
Investment
10000
20000
30000

Value

8
8
7

Total
Unit
8
15
22

10000
20073
31209

Lump sum
Total
Unit
459
459
459

Unit

Value
600000
604363
638580

10/1/2010 1602

10000

29

40000

45926

459

735096

11/1/2010 1725
12/1/2010 1605
1/3/2011 1568

10000
10000
10000

6
6
6

34
41
47

50000
60000
70000

59443
65323
73807

459
459
459

791393
736535
719438

53 | P a g e

2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014

1493
1582
1606
1560
1490
1542
1459
1442
1625
1534
1535
1643
1598
1716
1714
1639
1617
1584
1646
1614
1723
1785
1795
1879
1722
1733
1989
2052
2176
2252
2264
2351
2425
2453
2503
2577
2859
2531
2672
2429
2591

54 | P a g e

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

7
6
6
6
7
6
7
7
6
7
7
6
6
6
6
6
6
6
6
6
6
6
6
5
6
6
5
5
5
4
4
4
4
4
4
4
3
4
4
4
4

54
60
66
73
79
86
93
100
106
112
119
125
131
137
143
149
155
161
168
174
180
185
191
196
202
208
213
218
222
227
231
235
239
243
247
251
255
259
263
267
270

80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000

80251
95081
106522
113446
118338
132521
135331
143811
171996
172401
182450
205377
209659
235236
244996
244247
250878
255825
275749
280497
309391
330471
342351
368469
347611
359800
423102
446412
483480
510335
522952
553080
580559
597271
619241
647553
728510
655079
701424
647792
700809

459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459
459

684778
725993
737000
715717
683487
707647
669254
661736
745415
703832
704033
753915
732923
787377
786575
752063
741691
726750
754944
740566
790450
818756
823413
862182
789977
794950
912718
941429
998514
1033323
1038623
1078598
1112684
1125549
1148107
1182057
1311585
1161379
1225814
1114609
1188625

7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

2792
2930
3211
3150
3585
3227
3214
3259
3468
3291
3514
3365

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

4
3
3
3
3
3
3
3
3
3
3
3

274
277
281
284
287
290
293
296
299
302
305
308

490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

765252
813178
900885
893786
1027333
934763
941034
964073
1036040
993031
1070529
1034955

459
459
459
459
459
459
459
459
459
459
459
459

1280966
1344451
1472926
1444969
1644705
1480497
1474590
1495023
1591116
1509708
1612324
1543685

SIP
Duration
Present Value

60
1034955

Lump sum
Investment
Current Value
Duration

600000
1543685
5

IRR

22.64%

CAGR

20.80%

Absolute Return

72%

Absolute Return

157%

Grasim Industries Ltd.

7/1/2010
8/2/2010

Price of
share
1750
1959

SIP
Investment Unit Total
Unit
10000
6
6
10000
5
11

Total
Investment
10000
20000

9/1/2010

2152

10000

15

10/1/2010
11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011

2172
2206
2271
2211
2186
2382
2377
2232
2032
2129
2119

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

5
5
4
5
5
4
4
4
5
5
5

20
25
29
34
38
42
47
51
56
61
65

Date

55 | P a g e

Value

Lump sum
Total Unit

Value

10000
21197

343
343

600000
671790

30000

33285

343

737984

40000
50000
60000
70000
80000
90000
100000
110000
120000
130000
140000

43588
54266
65872
74144
83296
100748
110566
113816
113590
129018
138404

343
343
343
343
343
343
343
343
343
343
343

744698
756281
778668
758242
749567
816625
815148
765388
696619
729909
726436

9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015

2291
2427
2290
2435
2556
2711
2570
2509
2256
2584
2808
2947
3266
3265
3312
3124
2963
2913
2773
2889
2813
2720
2631
2246
2630
2798
2643
2698
2549
2525
2870
2600
3160
3409
3195
3397
3548
3508
3556
3385
3884

56 | P a g e

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

4
4
4
4
4
4
4
4
4
4
4
3
3
3
3
3
3
3
4
3
4
4
4
4
4
4
4
4
4
4
3
4
3
3
3
3
3
3
3
3
3

70
74
78
82
86
90
94
98
102
106
110
113
116
119
122
125
129
132
136
139
143
146
150
155
159
162
166
170
174
177
181
185
188
191
194
197
200
203
205
208
211

150000
160000
170000
180000
190000
200000
210000
220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000
490000
500000
510000
520000
530000
540000
550000

159662
179115
179059
200345
220302
243719
241012
245269
230550
274033
307832
333051
379194
389050
404617
391631
381416
385072
376495
402240
401686
398436
395316
347561
416912
453539
438455
457564
442363
448173
519425
480505
593951
650890
619955
669215
708969
710907
730563
705501
819501

343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343
343

785522
832031
785320
834816
876308
929675
881205
860206
773514
885851
962784
1010384
1120032
1119607
1135626
1071112
1015825
998928
950739
990496
964509
932693
901980
770202
901726
959318
906259
925087
874138
865857
984194
891502
1083429
1169051
1095529
1164906
1216699
1202863
1219202
1160688
1331788

2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

3745
3622
3589
3641
3384

10000
10000
10000
10000
10000

SIP
Duration
Present Value

3
3
3
3
3

214
216
219
222
225

560000
570000
580000
590000
600000

800216
783957
786804
808060
761140

343
343
343
343
343

1284196
1242055
1230723
1248330
1160397

60
761139.9

Lump sum
Investment
Current Value
Duration

600000
1160397
5

IRR

9.75%

CAGR

14.10%

Absolute Return

27%

Absolute Return

93%

HDFC Bank Ltd

Date

Total
Investment
10000
20000
30000

Value
10000
20035
33368

Lump sum
Total
Unit
1509
1509
1509

10000
10000
10000

25
25
21

Total
Unit
25
50
72

10/1/2010 426

10000

23

95

40000

40560

1509

643169

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

23
23
26
26
23
23
22
21
21
22
22
21
23
24
21
20
20

119
141
167
194
216
240
262
282
304
325
348
369
392
416
437
457
477

50000
60000
70000
80000
90000
100000
110000
120000
130000
140000
150000
160000
170000
180000
190000
200000
210000

50659
62009
64106
74262
94885
102849
117510
137579
143119
149651
157334
174854
167902
171964
208252
228835
240051

1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509

644723
661909
577548
578951
661773
647575
676922
734923
711098
693866
683123
715775
646382
623523
718838
755368
759381

7/1/2010
8/2/2010
9/1/2010

57 | P a g e

Price of
share
398
399
465

SIP
Investment Unit

427
439
383
384
439
429
449
487
471
460
453
474
428
413
476
501
503

Value
600000
602082
702256

4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

58 | P a g e

525
490
550
574
581
614
619
687
662
627
610
610
666
684
659
600
584
584
670
651
655
618
659
737
710
780
815
828
837
866
905
950
944
1069
1046
1015
981
1042
1023

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

19
20
18
17
17
16
16
15
15
16
16
16
15
15
15
17
17
17
15
15
15
16
15
14
14
13
12
12
12
12
11
11
11
9
10
10
10
10
10

496
516
535
552
569
586
602
616
631
647
664
680
695
710
725
742
759
776
791
806
821
838
853
866
880
893
905
918
930
941
952
963
973
983
992
1002
1012
1022
1032

220000
230000
240000
250000
260000
270000
280000
290000
300000
310000
320000
330000
340000
350000
360000
370000
380000
390000
400000
410000
420000
430000
440000
450000
460000
470000
480000
490000
500000
510000
520000
530000
540000
550000
560000
570000
580000
590000
600000

260511
253076
293973
316600
330691
359465
372352
423304
418057
406162
404976
414976
462768
485113
477519
444902
443414
452701
529686
524511
538123
517937
561808
638261
624819
696711
738126
759318
778007
814851
861450
914247
918943
1050384
1037617
1016801
993093
1065111
1054787

1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509
1509

792471
739434
829710
865349
876530
926292
933731
1036424
999095
946767
920694
920694
1004542
1031339
993934
905228
881856
880438
1010713
981758
988518
933067
994085
1111671
1070841
1176914
1229981
1248631
1262920
1306496
1365175
1432999
1424685
1612961
1578001
1531135
1480377
1572825
1542814

SIP
Duration
Present Value

60
1054787

Lump sum
Investment
Current Value
Duration

600000
1542814
5

IRR

23.45%

CAGR

20.79%

Absolute Return

76%

Absolute Return

157%

I T C Ltd.
Date

Value
10000.00
20568.42
32478.39

4236.43
4236.43
4236.43

600000.00
634104.95
692987.51

10000.00
10000.00
10000.00

70.61 70.61
66.81 137.42
61.13 198.55

10/1/2010 157.0645

10000.00

63.67 262.22

40000.00

41185.09

4236.43

665392.68

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

63.41
62.41
67.04
64.50
59.86
56.67
56.37
52.94
51.56
53.72
54.26
50.40
53.53
53.37
52.68
51.74
47.35
43.76
46.84
40.72
40.83
39.38
38.70
37.31

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00

51353.49
62175.01
67885.26
80557.22
96801.62
112250.37
122833.92
140811.02
154557.72
158363.52
166779.88
189541.08
188470.00
199033.46
211653.61
225493.42
256397.50
287415.62
278508.22
330419.91
339462.70
361955.00
378378.69
402477.54

4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43

668113.31
678801.40
631967.67
656841.87
707756.97
747595.08
751481.59
800284.41
821578.39
788652.02
780765.48
840505.91
791412.05
793778.10
804227.67
818817.94
894725.43
968070.31
904386.61
1040484.45
1037470.23
1075649.36
1094739.13
1135530.44

157.7067
160.2296
149.1746
155.0461
167.0645
176.4682
177.3856
188.9054
193.9318
186.1596
184.298
198.3996
186.8111
187.3696
189.8362
193.2802
211.198
228.5109
213.4785
245.6041
244.8926
253.9047
258.4108
268.0395

59 | P a g e

Total Unit

Lump sum
Total Unit

Total
Investment
10000.00
20000.00
30000.00

7/1/2010
8/2/2010
9/1/2010

Price of
share
141.6287
149.6791
163.5782

SIP
Investment Unit

325.63
388.04
455.07
519.57
579.43
636.09
692.47
745.40
796.97
850.69
904.95
955.35
1008.88
1062.25
1114.93
1166.67
1214.01
1257.78
1304.62
1345.34
1386.17
1425.55
1464.25
1501.56

Value

11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

283.1704
272.0712
291.8505
279.6604
293.558
311.9618
327.2941
312.3208
329.0273
297.2512
327.7755
322.5758
308.5173
309.9135
313.043
315.4984
339.7638
328.1126
329.0755
318.6745
349.0664
348.3311
362.9389
348.2331
356.0272
361.4683
361.3213
385.978
319.4588
316.0274
320.6843
305

SIP
Duration
Present Value

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

35.31
36.76
34.26
35.76
34.06
32.06
30.55
32.02
30.39
33.64
30.51
31.00
32.41
32.27
31.94
31.70
29.43
30.48
30.39
31.38
28.65
28.71
27.55
28.72
28.09
27.66
27.68
25.91
31.30
31.64
31.18
32.79

1536.87
1573.63
1607.89
1643.65
1677.72
1709.77
1740.33
1772.34
1802.74
1836.38
1866.89
1897.89
1930.30
1962.57
1994.51
2026.21
2055.64
2086.12
2116.51
2147.89
2176.53
2205.24
2232.79
2261.51
2289.60
2317.26
2344.94
2370.85
2402.15
2433.79
2464.98
2497.76

290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
761818

435197.51
428139.42
469264.72
459664.33
492507.15
533383.51
569598.25
553539.83
593149.49
545865.56
611919.71
612212.46
595531.02
608226.10
624367.96
639265.28
698432.02
684481.35
696490.07
684476.30
759754.62
768154.21
810367.94
787532.91
815159.35
837617.29
847276.65
915095.12
767388.22
769145.48
790479.41
761817.97

4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43
4236.43

1199631.43
1152610.45
1236404.06
1184761.56
1243637.77
1321604.17
1386558.37
1323125.04
1393900.95
1259283.75
1388597.79
1366569.63
1307011.79
1312926.69
1326184.59
1336586.72
1439385.38
1390025.89
1394105.15
1350042.05
1478795.19
1475680.14
1537565.06
1475264.97
1508284.13
1531334.96
1530712.21
1635168.58
1353364.68
1338827.79
1358556.42
1292110.99

Lump sum
Investment
Current Value
Duration

600000
1292111
5

CAGR

16.58%

1%
IRR

60 | P a g e

9.79%

Larsen & Toubro Ltd.

SIP
Investment

Unit

Total Unit

10000.00
10000.00
10000.00

8.93
8.75
7.73

10/1/2010 1278.25

10000.00

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

Date
7/1/2010
8/2/2010
9/1/2010

Price of
share
1119.21
1143.25
1294.23

1229.23
1247.64
1034.49
963.15
1041.29
1005.77
1035.27
1149.61
1087.72
1027.97
867.39
902.88
812.79
635.49
837.48
835.73
836.33
783.85
749.19
893.07
874.92
873.00
1038.05
1057.59
1084.27
1044.78
1002.33
889.18
888.14
983.05
910.60

61 | P a g e

Value

Lump sum
Total Unit

Value

8.93
17.68
25.41

Total
Investment
10000.00
20000.00
30000.00

10000.00
20214.85
32884.36

536.09
536.09
536.09

600000.00
612890.83
693827.29

7.82

33.23

40000.00

42478.34

536.09

685260.71

8.14
8.02
9.67
10.38
9.60
9.94
9.66
8.70
9.19
9.73
11.53
11.08
12.30
15.74
11.94
11.97
11.96
12.76
13.35
11.20
11.43
11.45
9.63
9.46
9.22
9.57
9.98
11.25
11.26
10.17
10.98

41.37
49.38
59.05
69.43
79.03
88.98
98.64
107.34
116.53
126.26
137.79
148.86
161.16
176.90
188.84
200.81
212.76
225.52
238.87
250.07
261.50
272.95
282.58
292.04
301.26
310.83
320.81
332.06
343.32
353.49
364.47

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00

50849.43
61610.98
61085.04
66873.02
82298.33
89490.71
102115.62
123394.12
126750.61
129788.36
119513.21
134403.38
130993.01
112418.89
158151.35
167819.44
177941.45
176774.16
178957.33
223326.56
228788.96
238284.67
293335.78
308857.87
326649.31
324751.74
321557.72
295259.14
304913.63
347497.36
331887.57

536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09

658983.12
668852.46
554582.27
516341.94
558232.01
539187.78
555003.05
616302.26
583120.68
551090.58
465000.85
484027.50
435732.66
340684.25
448971.09
448028.85
448354.58
420216.63
401634.95
478770.02
469042.26
468008.40
556492.06
566968.10
581270.78
560099.12
537343.40
476686.16
476128.36
527008.46
488169.10

6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

915.25
826.08
717.62
781.20
964.38
1035.94
1060.01
976.47
1099.03
1259.73
1281.72
1530.71
1685.42
1488.52
1526.50
1458.25
1655.45
1639.35
1494.65
1700.55
1758.95
1719.65
1631.30
1654.45
1716.10

SIP
Duration
Present Value

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

10.93
12.11
13.94
12.80
10.37
9.65
9.43
10.24
9.10
7.94
7.80
6.53
5.93
6.72
6.55
6.86
6.04
6.10
6.69
5.88
5.69
5.82
6.13
6.04
5.83

375.40
387.50
401.44
414.24
424.61
434.26
443.69
453.93
463.03
470.97
478.77
485.31
491.24
497.96
504.51
511.37
517.41
523.51
530.20
536.08
541.76
547.58
553.71
559.75
565.58

360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
970592.3

343581.74
320105.77
288077.60
323603.20
409483.28
449867.55
470319.10
443251.72
508888.56
593296.84
613652.38
742864.34
827943.85
741219.83
770133.33
745700.58
856542.10
858211.84
792460.32
911628.08
952935.05
941643.74
903265.16
926083.52
970592.30

536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09
536.09

490661.03
442854.78
384710.33
418798.23
517000.11
555362.29
568264.75
523477.95
589184.77
675333.74
687121.17
820605.64
903542.27
797986.52
818348.52
781760.06
887477.93
878846.80
801273.90
911655.80
942963.73
921895.21
874531.24
886941.83
919992.07

Lump sum
Investment
Current Value
Duration

600000
919992.1
5

CAGR

8.92%

2%
IRR

62 | P a g e

19.92%

TATA MOTORS
Total
Investment
10000.00
20000.00
30000.00

Value

10000.00
10000.00
10000.00

Total
Unit
74.42 74.42
57.20 131.62
52.63 184.25

Lump sum
Total Unit Value

10000.00
23010.44
35008.83

4465.10
4465.10
4465.10

600000.00
780626.23
848421.62

10/1/2010 200.55

10000.00

49.86 234.11

40000.00

46950.43

4465.10

895475.29

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

46.80
44.17
50.38
53.37
46.29
46.72
52.76
58.13
54.88
69.75
66.69
52.44
60.23
58.24
42.70
38.41
37.81
32.88
44.67
42.92
45.17
43.62
38.20
40.12
37.38
32.69
34.30
35.54
37.97
34.07
32.62
36.33
34.94

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00

60027.18
73594.87
74521.61
80344.34
102632.32
111687.11
108904.99
108852.87
125288.11
108581.36
123566.26
167140.19
155536.86
170847.97
243038.94
280160.27
294606.08
348810.58
266745.08
287564.09
283239.91
303318.12
356362.45
349313.70
384954.48
450138.98
439047.39
433649.89
415902.22
473571.96
504567.31
463032.14
491465.85

4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10

954157.42
1010867.31
886241.02
836563.21
964508.41
955625.54
846258.28
768147.17
813559.02
640138.57
669526.96
851442.71
741391.40
766707.62
1045799.57
1162502.99
1180950.55
1358147.58
999676.43
1040222.66
988406.96
1023576.32
1168833.60
1112915.38
1194607.05
1365857.91
1301859.64
1256203.10
1175823.27
1310593.37
1368697.27
1228902.14
1277825.79

Date
7/1/2010
8/2/2010
9/1/2010

Price of
share
134.38
174.83
190.01

213.69
226.39
198.48
187.36
216.01
214.02
189.53
172.03
182.20
143.36
149.95
190.69
166.04
171.71
234.22
260.35
264.48
304.17
223.89
232.97
221.36
229.24
261.77
249.25
267.54
305.90
291.56
281.34
263.34
293.52
306.53
275.22
286.18

63 | P a g e

SIP
Investment Unit

280.90
325.08
375.46
428.83
475.13
521.85
574.61
632.74
687.63
757.38
824.07
876.51
936.74
994.97
1037.67
1076.08
1113.89
1146.76
1191.43
1234.35
1279.53
1323.15
1361.35
1401.47
1438.85
1471.54
1505.84
1541.38
1579.36
1613.43
1646.05
1682.38
1717.33

8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

294.80
327.56
375.48
392.77
370.80
344.35
410.75
392.72
408.58
408.88
424.89
442.01
519.48
496.82
530.16
527.84
490.29
578.94
569.05
544.36
508.25
481.65
442.20

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

33.92
30.53
26.63
25.46
26.97
29.04
24.35
25.46
24.47
24.46
23.54
22.62
19.25
20.13
18.86
18.95
20.40
17.27
17.57
18.37
19.68
20.76
22.61

1751.25
1781.78
1808.41
1833.87
1860.84
1889.88
1914.22
1939.69
1964.16
1988.62
2012.15
2034.78
2054.03
2074.16
2093.02
2111.96
2132.36
2149.63
2167.21
2185.58
2205.25
2226.01
2248.63

380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

SIP
Duration
Present Value

60
994343

IRR

2%
20.94%

516268.86
583631.85
679027.06
720293.19
690006.57
650785.93
786268.50
761758.70
802525.03
813103.87
854939.46
899390.15
1067022.37
1030484.25
1109640.76
1114774.49
1045476.61
1244508.13
1233239.67
1189742.20
1120818.88
1072159.20
994342.98

4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10
4465.10

1316314.06
1462570.63
1676569.46
1753767.91
1655678.16
1537572.70
1834042.81
1753545.55
1824368.73
1825684.59
1897165.93
1973614.24
2319521.04
2218355.28
2367230.63
2356849.28
2189198.18
2585024.80
2540847.10
2430626.12
2269386.90
2150615.25
1974467.07

Lump sum
Investment
Current Value
Duration

600000
1974467
5

CAGR

26.90%

Ambuja Cements Ltd

Date
7/1/2010
8/2/2010

Price of
share
105.94
114.08

9/1/2010

SIP
Investment Unit

-600000
10000.00
20768.09

5663.51
5663.51

600000.00
646085.67

10000.00
10000.00

94.39 94.39
87.66 182.05

Total
Investment
10000.00
20000.00

127.75

10000.00

78.28 260.33

30000.00

33257.62

5663.51

723533.58

10/1/2010 127.30

10000.00

78.56 338.88

40000.00

43139.35

5663.51

720960.64

64 | P a g e

Total Unit

Lump sum
Total Unit

Value

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014

127.98
130.12
114.62
108.37
135.55
145.48
127.59
122.90
118.95
123.98
138.49
144.44
138.12
144.49
149.70
151.09
161.85
141.65
142.16
163.59
170.92
175.52
191.34
192.00
197.02
190.29
193.14
183.54
166.92
178.75
174.72
179.04
161.82
165.78
176.36
181.96
179.06
176.46
153.75
164.55
198.05
193.69

65 | P a g e

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

78.14
76.85
87.24
92.27
73.78
68.74
78.37
81.37
84.07
80.66
72.21
69.23
72.40
69.21
66.80
66.18
61.78
70.60
70.34
61.13
58.51
56.97
52.26
52.08
50.76
52.55
51.78
54.48
59.91
55.94
57.23
55.85
61.80
60.32
56.70
54.96
55.85
56.67
65.04
60.77
50.49
51.63

417.02
493.87
581.11
673.39
747.16
815.90
894.28
975.64
1059.71
1140.37
1212.58
1281.81
1354.21
1423.42
1490.23
1556.41
1618.20
1688.79
1759.14
1820.26
1878.77
1935.74
1988.01
2040.09
2090.85
2143.40
2195.17
2249.66
2309.57
2365.51
2422.75
2478.60
2540.40
2600.72
2657.42
2712.38
2768.23
2824.90
2889.94
2950.71
3001.20
3052.83

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00

53370.30
64260.76
66609.59
72977.10
101275.55
118696.00
114102.86
119908.79
126050.90
141382.31
167928.19
185146.07
187039.12
205666.96
223080.72
235161.83
261912.08
239211.10
250084.21
297782.84
321126.64
339757.52
380377.87
391696.12
411937.78
407876.42
423967.10
412900.89
385501.68
422831.96
423312.19
443758.58
411084.26
431146.78
468658.75
493549.09
495687.80
498467.16
444333.53
485552.36
594397.20
591315.57

5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51

724820.33
736913.61
649173.41
613771.39
767669.86
823917.00
722620.05
696058.76
673664.12
702157.23
784330.21
818042.24
782222.81
818305.59
847803.41
855712.50
916663.74
802213.87
805141.90
926512.02
968029.50
994047.09
1083634.73
1087390.20
1115822.14
1077733.92
1093827.34
1039476.92
945324.49
1012343.62
989551.39
1013971.31
916462.12
938895.28
998807.27
1030541.60
1014127.06
999354.36
870775.73
931956.35
1121676.51
1096990.41

5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

213.14
216.08
203.95
203.85
211.16
224.95
227.17
226.13
245.80
266.25
255.30
232.40
237.60
228.45

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

46.92
46.28
49.03
49.06
47.36
44.46
44.02
44.22
40.68
37.56
39.17
43.03
42.09
43.77

3099.74
3146.02
3195.06
3244.11
3291.47
3335.92
3379.94
3424.17
3464.85
3502.41
3541.58
3584.61
3626.69
3670.47

SIP
Duration
Present Value

470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
838518.4

660671.67
679779.95
651627.81
661312.14
695033.40
750403.99
767820.75
774314.06
851645.48
932516.21
904164.84
833062.70
861702.66
838518.40

5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51
5663.51

1207106.00
1223747.66
1155065.73
1154506.17
1195918.31
1273985.81
1286577.49
1280701.60
1392066.56
1507909.09
1445893.67
1316199.33
1345649.58
1293828.47

Lump sum
Investment
Current Value
Duration

600000
1293828
5

CAGR

16.61%

1%
IRR

13.77%

ICICI Bank
Date

Total
Investment
10000.00
20000.00
30000.00

Value
10000.00
20804.53
33683.17

Lump sum
Total
Unit
5146.24
5146.24
5146.24

10000.00
10000.00
10000.00

85.77
79.38
69.74

Total
Unit
85.77
165.15
234.89

10/1/2010 149.85

10000.00

66.73

301.62

40000.00

45198.21

5146.24

771163.91

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

67.96
67.78
75.97
79.94
69.53
69.64
71.46

369.58
437.36
513.33
593.27
662.80
732.45
803.91

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00

54383.83
64527.97
67569.58
74212.41
95324.39
105171.95
112498.52

5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24

757269.06
759276.10
677399.43
643743.03
740132.09
738948.45
720164.68

7/1/2010
8/2/2010
9/1/2010

Price of
share
116.59
125.97
143.40

SIP
Investment Unit

147.15
147.54
131.63
125.09
143.82
143.59
139.94

66 | P a g e

Value
600000.00
648271.72
737970.67

6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014

150.77
142.80
120.38
120.57
128.25
98.13
94.30
124.26
124.83
122.61
121.53
119.99
137.80
147.29
138.21
162.21
160.89
168.50
174.38
182.48
159.39
160.12
178.27
192.72
178.75
151.76
134.18
147.52
187.13
178.40
183.42
164.89
174.26
207.85
207.57
236.73
278.83
289.28
306.10
281.86
319.83
68.99

67 | P a g e

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

66.33
70.03
83.07
82.94
77.97
101.91
106.04
80.48
80.11
81.56
82.28
83.34
72.57
67.89
72.35
61.65
62.15
59.35
57.35
54.80
62.74
62.45
56.09
51.89
55.94
65.89
74.53
67.79
53.44
56.05
54.52
60.65
57.39
48.11
48.18
42.24
35.86
34.57
32.67
35.48
31.27
144.95

870.23
940.26
1023.33
1106.27
1184.24
1286.15
1392.19
1472.67
1552.78
1634.34
1716.62
1799.96
1872.53
1940.42
2012.78
2074.43
2136.58
2195.93
2253.27
2308.07
2370.81
2433.27
2489.36
2541.25
2597.19
2663.09
2737.61
2805.40
2858.84
2914.89
2969.41
3030.06
3087.45
3135.56
3183.73
3225.98
3261.84
3296.41
3329.08
3364.56
3395.82
3540.77

120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00

131204.81
134269.07
123188.45
133382.88
151879.03
126209.66
131283.72
182993.79
193833.21
200386.05
208620.96
215977.37
258034.68
285804.99
278185.95
336492.60
343754.36
370013.73
392925.78
421177.30
377883.88
389614.57
443778.35
489749.61
464248.36
404150.10
367333.03
413852.80
534974.74
520017.07
544649.84
499626.60
538018.27
651725.56
660847.61
763685.28
909498.87
953585.10
1019030.69
948333.85
1086086.05
244277.82

5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24

775898.45
734882.92
619504.25
620482.03
660005.15
505000.43
485290.33
639471.65
642405.01
630980.36
625422.42
617497.21
709151.73
757989.54
711261.69
834771.42
827978.39
867141.26
897401.15
939085.68
820259.03
824015.78
917420.02
991783.17
919890.21
780993.22
690522.34
759173.17
963015.70
918089.03
943923.15
848563.34
896783.60
1069645.77
1068204.82
1218269.15
1434925.81
1488704.01
1575263.74
1450518.91
1645921.61
355039.03

12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

347.13
354.60
329.58
310.17
325.55
311.89
304.55

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

28.81
28.20
30.34
32.24
30.72
32.06
32.84

3569.58
3597.78
3628.12
3660.36
3691.08
3723.14
3755.98

SIP
Duration
Present Value

540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
1143883

1239108.00
1275772.76
1195756.31
1135334.47
1201630.83
1161210.69
1143882.83

5146.24
5146.24
5146.24
5146.24
5146.24
5146.24
5146.24

1786413.93
1824856.33
1696097.44
1596208.94
1675358.09
1605060.47
1567287.07

Lump sum
Investment
Current Value
Duration

600000
1567287
5

CAGR

21.17%

2%
IRR

26.93%

Hero Motor Corp Ltd.

Date

SIP
Investment Unit

Total
Investment
10000.00
20000.00
30000.00

Value

Lump sum
Total Unit

Value

10000.00
20040.27
30783.53

394.12
394.12
394.12

600000.00
602415.97
624758.76

10000.00
10000.00
10000.00

6.57
6.54
6.31

Total
Unit
6.57
13.11
19.42

10/1/2010 1591.38

10000.00

6.28

25.70

40000.00

40903.74

394.12

627198.38

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

5.91
5.90
7.18
8.00
7.37
6.58
6.07
6.00
6.31
5.36
5.69
5.07
5.23
5.23

31.61
37.51
44.69
52.69
60.06
66.64
72.71
78.71
85.02
90.38
96.07
101.14
106.37
111.60

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00

53479.47
63626.48
62263.86
65862.39
81447.73
101239.50
119809.25
131259.87
134819.86
168517.88
168728.99
199549.79
203370.09
213370.09

394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12

666693.38
668526.05
549138.51
492680.49
534461.40
598715.16
649395.35
657258.09
625011.00
734872.60
692185.21
777599.40
753518.53
753518.53

7/1/2010
8/2/2010
9/1/2010

Price of
share
1522.37
1528.50
1585.19

1691.59
1696.24
1393.32
1250.07
1356.08
1519.11
1647.70
1667.65
1585.83
1864.58
1756.27
1972.99
1911.89
1911.89

68 | P a g e

1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015

1911.89
1911.89
1911.89
1911.89
1655.29
1944.09
1813.48
1631.70
1740.27
1739.99
1690.61
1759.06
1686.40
1543.27
1427.16
1521.98
1607.04
1539.20
1683.90
1894.09
1916.43
1982.39
1958.11
1979.43
1878.23
1876.27
2169.71
2098.70
2237.48
2512.94
2538.75
2575.82
2807.96
3030.16
3112.39
3072.09
2833.62
2642.87
2610.43
2302.99
2666.85

69 | P a g e

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

5.23
5.23
5.23
5.23
6.04
5.14
5.51
6.13
5.75
5.75
5.92
5.68
5.93
6.48
7.01
6.57
6.22
6.50
5.94
5.28
5.22
5.04
5.11
5.05
5.32
5.33
4.61
4.76
4.47
3.98
3.94
3.88
3.56
3.30
3.21
3.26
3.53
3.78
3.83
4.34
3.75

116.83
122.06
127.29
132.52
138.56
143.71
149.22
155.35
161.10
166.84
172.76
178.44
184.37
190.85
197.86
204.43
210.65
217.15
223.09
228.37
233.59
238.63
243.74
248.79
254.11
259.44
264.05
268.82
273.29
277.27
281.21
285.09
288.65
291.95
295.16
298.42
301.95
305.73
309.56
313.90
317.65

190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00

223370.09
233370.09
243370.09
253370.09
229364.59
279382.05
270612.30
253486.60
280353.09
290307.98
292069.19
313894.59
310928.81
294539.32
282379.26
311140.43
338529.36
334238.60
375660.33
432551.50
447653.26
473060.67
477266.69
492463.20
477285.61
486787.54
572918.88
564168.46
611475.03
696754.77
713911.02
734335.32
810515.64
884653.52
918660.52
916765.47
855601.85
808005.54
808087.65
722916.17
847133.03

394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12
394.12

753518.53
753518.53
753518.53
753518.53
652386.74
766209.27
714732.95
643089.39
685879.25
685768.90
666307.14
693284.81
664647.88
608237.16
562475.61
599846.29
633370.34
606633.08
663662.58
746503.15
755307.84
781304.15
771734.86
780137.55
740252.37
739479.89
855131.14
827144.52
881840.81
990405.75
1000578.05
1015188.16
1106679.72
1194253.70
1226662.38
1210779.25
1116792.90
1041614.06
1028828.73
907659.77
1051065.12

6/1/2015

2551.45

10000.00

3.92

321.57

SIP
Duration
Present Value

600000.00

60
820475.9

820475.87 394.12

1005583.40

Lump sum
Investment
Current Value
Duration

600000
1005583
5

CAGR

10.88%

1%
IRR

12.87%

Maruti Suzuki India Ltd.

Date

SIP
Investment Unit

Total
Investment
10000.00
20000.00
30000.00

Value

Lump sum
Total Unit

Value

10000.00
20542.16
33538.12

514.71
514.71
514.71

600000.00
632529.53
724780.61

10000.00
10000.00
10000.00

8.58
8.14
7.10

Total
Unit
8.58
16.72
23.82

10/1/2010 1516.32

10000.00

6.59

30.41

40000.00

46114.68

514.71

780461.69

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

7.20
7.20
8.17
8.47
8.11
7.77
8.32
8.82
8.48
9.29
9.39
9.03
10.46
11.07
8.57
8.10
7.53
7.41
9.24
8.69
8.96
8.84

37.61
44.81
52.97
61.44
69.55
77.32
85.63
94.46
102.94
112.22
121.61
130.64
141.10
152.17
160.74
168.84
176.37
183.78
193.02
201.71
210.67
219.51

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00

52262.97
62248.30
64859.32
72547.55
85787.44
99559.15
102947.85
107069.05
121384.76
120840.98
129549.29
144608.29
134927.93
137453.73
187629.04
208397.04
234290.17
247993.95
208895.04
232091.89
235167.11
248426.18

514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71

715273.95
715073.22
630192.76
607730.91
634871.45
662784.05
618771.39
583436.70
606953.70
554232.18
548307.90
569719.74
492184.16
464920.09
600808.09
635288.37
683737.81
694546.67
557037.34
592227.91
574557.99
582520.52

7/1/2010
8/2/2010
9/1/2010

Price of
share
1165.71
1228.91
1408.14

1389.67
1389.28
1224.37
1180.73
1233.46
1287.69
1202.18
1133.53
1179.22
1076.79
1065.28
1106.88
956.24
903.27
1167.28
1234.27
1328.40
1349.40
1082.24
1150.61
1116.28
1131.75

70 | P a g e

9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

1336.96
1423.38
1458.96
1475.00
1565.63
1340.67
1268.26
1652.74
1589.38
1522.22
1312.91
1238.17
1352.67
1629.12
1668.90
1756.27
1629.17
1582.12
1963.22
1914.68
2261.97
2428.79
2513.12
2784.50
3062.85
3337.25
3346.20
3329.80
3647.35
3604.40
3697.35
3725.85
3785.70
3937.35

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

7.48
7.03
6.85
6.78
6.39
7.46
7.88
6.05
6.29
6.57
7.62
8.08
7.39
6.14
5.99
5.69
6.14
6.32
5.09
5.22
4.42
4.12
3.98
3.59
3.26
3.00
2.99
3.00
2.74
2.77
2.70
2.68
2.64
2.54

226.99
234.01
240.87
247.65
254.03
261.49
269.38
275.43
281.72
288.29
295.90
303.98
311.37
317.51
323.50
329.20
335.34
341.66
346.75
351.97
356.39
360.51
364.49
368.08
371.35
374.34
377.33
380.33
383.08
385.85
388.56
391.24
393.88
396.42

SIP
Duration
Present Value

IRR

71 | P a g e

270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
1560848

40.58%

3%
CAGR

303471.06
333087.18
351413.31
365276.79
397720.88
350573.73
341639.14
455208.92
447757.88
438837.66
388496.11
376380.20
421186.03
517265.33
539895.96
578160.51
546319.45
540541.89
680747.25
673915.99
806152.75
875606.41
916008.34
1024923.77
1137379.34
1249276.88
1262627.25
1266439.01
1397214.35
1390761.21
1436626.05
1457699.89
1491115.58
1560847.64
Lump sum
Investment
Current Value
Duration
27.56%

514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71
514.71

688143.71
732624.75
750938.05
759193.97
805841.93
690053.27
652783.28
850678.13
818066.24
783498.47
675764.98
637295.73
696229.77
838520.73
858995.81
903965.82
838546.47
814329.46
1010484.60
985500.68
1164253.55
1250117.10
1293522.40
1433203.80
1576472.71
1717708.52
1722315.16
1713873.95
1877319.40
1855212.70
1903054.79
1917723.96
1948529.22
2026584.66

600000
2026585
5

Sun Pharmaceutical Industries Ltd.

SIP
Date
Price of
Investment Unit
share
7/1/2010 157.66
10000.00
63.43
8/2/2010 157.11
10000.00
63.65
9/1/2010

Total
Unit
63.43
127.08

Total
Investment
10000.00
20000.00

Value

Lump sum
Total Unit

10000.00
19964.94

3805.59
3805.59

600000.00
597896.65

Value

195.44

10000.00

51.17 178.24

30000.00

34835.87

3805.59

743767.97

10/1/2010 204.10

10000.00

48.99 227.24

40000.00

46379.83

3805.59

776732.37

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

46.20
42.64
46.90
48.82
46.73
44.39
43.31
41.53
39.90
42.25
44.07
40.40
38.78
40.95
37.16
37.03
35.76
33.79
35.95
32.06
31.18
30.11
28.94
28.99
28.35
27.34
28.03
25.09
24.58
21.16
19.28

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00

59186.73
74132.73
77391.32
84345.54
98129.61
113285.60
126131.40
141533.80
157304.31
158561.86
162020.85
186716.56
204507.94
203669.66
234480.66
245292.85
264005.59
289360.96
282016.55
326264.49
345398.66
367677.70
392612.51
401822.26
420910.47
446564.55
445495.22
507707.52
528340.83
623564.34
694573.25

3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59

823740.16
892576.82
811408.53
779475.06
814445.39
857238.49
878772.80
916411.99
953775.27
900767.59
863609.04
941940.65
981246.31
929243.30
1024193.53
1027741.10
1064246.23
1126146.05
1058644.40
1187205.61
1220442.87
1263830.02
1315165.91
1312518.74
1342204.63
1392122.56
1357614.99
1516728.23
1548494.25
1798272.64
1974213.83

216.46
234.54
213.21
204.82
214.01
225.26
230.92
240.81
250.62
236.70
226.93
247.52
257.84
244.18
269.13
270.06
279.65
295.92
278.18
311.96
320.70
332.10
345.59
344.89
352.69
365.81
356.74
398.55
406.90
472.53
518.77

72 | P a g e

273.44
316.07
362.97
411.80
458.52
502.92
546.22
587.75
627.65
669.90
713.96
754.36
793.15
834.10
871.26
908.29
944.05
977.84
1013.79
1045.84
1077.02
1107.14
1136.07
1165.07
1193.42
1220.76
1248.79
1273.88
1298.45
1319.62
1338.89

6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

502.59
561.74
517.92
592.26
607.74
571.00
566.46
587.67
643.57
573.75
631.70
609.58
686.75
789.57
853.76
857.25
845.40
839.70
826.55
917.75
878.90
1023.90
938.85
966.10
845.95

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

19.90
17.80
19.31
16.88
16.45
17.51
17.65
17.02
15.54
17.43
15.83
16.40
14.56
12.67
11.71
11.67
11.83
11.91
12.10
10.90
11.38
9.77
10.65
10.35
11.82

1358.79
1376.59
1395.90
1412.78
1429.24
1446.75
1464.40
1481.42
1496.96
1514.39
1530.22
1546.62
1561.19
1573.85
1585.56
1597.23
1609.06
1620.97
1633.06
1643.96
1655.34
1665.11
1675.76
1686.11
1697.93

360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

SIP
Duration
Present Value

60
1436363

IRR

3%
CAGR

36.88%

682919.87
773293.24
722967.28
836741.38
868601.38
826097.17
829526.03
870590.30
963405.00
868875.47
966632.32
942797.19
1072142.41
1242663.76
1353685.74
1369223.95
1360296.80
1361125.17
1349809.47
1508744.95
1454877.08
1704901.17
1573283.98
1628948.34
1436362.54
Lump sum
Investment
Current Value
Duration

3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59
3805.59

1912667.54
2137770.86
1970999.63
2253915.19
2312799.09
2172997.69
2155712.70
2236440.30
2449181.16
2183444.79
2403973.80
2319827.25
2613485.62
3004777.16
3249049.62
3262342.16
3217245.92
3195554.06
3145510.55
3492580.37
3344733.19
3896543.76
3572878.32
3676580.65
3219338.99

600000
3219339
5

39.93%

YES BANK
Date
7/1/2010
8/2/2010
9/1/2010

Price of
share
279.37
294.06
330.87

73 | P a g e

SIP
Investment Unit
10000.00
10000.00
10000.00

Total
Unit
35.79 35.79
34.01 69.80
30.22 100.02

Total
Investment
10000.00
20000.00
30000.00

Value

Lump sum
Total Unit

Value

10000.00
20525.83
33095.22

2147.69
2147.69
2147.69

600000.00
631549.56
710606.01

10/1/2010 339.70

10000.00

29.44 129.46

40000.00

43978.44

2147.69

729570.10

11/1/2010
12/1/2010
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

34.57
33.83
40.22
41.34
34.18
34.68
35.18
33.62
33.77
37.57
38.50
33.38
38.54
43.93
31.75
30.37
28.45
30.00
31.81
30.91
28.40
31.55
27.15
25.20
23.45
22.35
19.86
21.97
24.18
20.68
21.03
22.23
31.63
42.12
35.67
27.79
27.80
27.69
33.32

50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00
130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00

47452.23
58483.98
59190.41
67592.86
91745.72
100428.57
108997.12
124051.23
133496.50
130002.12
136881.02
167852.89
155367.54
146305.91
212453.81
232099.76
257784.08
254436.89
249994.04
267230.11
300872.65
280837.51
336370.82
372396.52
410125.69
440333.80
505467.79
466922.08
434280.61
517952.46
519128.41
501208.18
362191.61
282030.41
343026.81
450251.39
460076.20
472007.73
402250.74

2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69

621305.08
634814.05
533937.07
519526.08
628306.55
619286.25
610459.25
638765.79
635909.37
571629.02
557905.29
643383.33
557196.55
488835.59
676436.27
707148.23
754934.32
715846.37
675212.08
694756.06
756222.93
680731.65
791101.41
852310.56
915774.78
960897.73
1081211.30
977370.51
888112.54
1038772.95
1021075.99
966159.57
678906.11
509904.43
602104.74
772760.14
772459.46
775702.47
644628.99

289.29
295.58
248.61
241.90
292.55
288.35
284.24
297.42
296.09
266.16
259.77
299.57
259.44
227.61
314.96
329.26
351.51
333.31
314.39
323.49
352.11
316.96
368.35
396.85
426.40
447.41
503.43
455.08
413.52
483.67
475.43
449.86
316.11
237.42
280.35
359.81
359.67
361.18
300.15

74 | P a g e

164.03
197.86
238.09
279.42
313.61
348.29
383.47
417.09
450.86
488.44
526.93
560.31
598.86
642.79
674.54
704.91
733.36
763.36
795.17
826.08
854.48
886.03
913.18
938.38
961.83
984.18
1004.05
1026.02
1050.20
1070.88
1091.91
1114.14
1145.78
1187.90
1223.57
1251.36
1279.16
1306.85
1340.17

2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014
12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

297.52
403.86
430.01
563.54
535.48
535.53
566.16
553.10
677.46
702.65
764.11
853.58
812.36
807.36
830.81
882.30
829.90

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

33.61
24.76
23.26
17.74
18.67
18.67
17.66
18.08
14.76
14.23
13.09
11.72
12.31
12.39
12.04
11.33
12.05

1373.78
1398.54
1421.79
1439.54
1458.21
1476.89
1494.55
1512.63
1527.39
1541.62
1554.71
1566.42
1578.73
1591.12
1603.16
1614.49
1626.54

SIP
Duration
Present Value

440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00
540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
1349866

IRR

34.14%

2%
CAGR

408726.10
564813.53
611385.30
811237.35
780843.91
790916.82
846153.84
836635.03
1034745.56
1083220.51
1187968.58
1337068.38
1282500.38
1284606.71
1331918.47
1424465.00
1349865.70

Lump sum
Investment
Current Value
Duration

2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69
2147.69

638980.56
867365.86
923527.94
1210308.91
1150044.74
1150152.13
1215935.86
1187887.03
1454973.69
1509073.99
1641070.98
1833224.76
1744697.00
1733958.55
1784321.87
1894906.40
1782367.47

600000
1782367
5

24.33%

Bharat Petroleum Corp Ltd

Date

Price of
share
7/1/2010 263.03
8/2/2010 312.11
9/1/2010 319.09
10/1/2010 310.79
11/1/2010 287.38
12/1/2010 280.29
1/3/2011 260.96
2/1/2011 235.61
3/1/2011 260.47
4/1/2011 268.01
5/2/2011 269.48
6/1/2011 276.82
75 | P a g e

SIP
Investment Unit
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

38.02
32.04
31.34
32.18
34.80
35.68
38.32
42.44
38.39
37.31
37.11
36.12

Total
Unit
38.02
70.06
101.40
133.57
168.37
204.05
242.37
284.81
323.20
360.52
397.63
433.75

Total
Investment
10000.00
20000.00
30000.00
40000.00
50000.00
60000.00
70000.00
80000.00
90000.00
100000.00
110000.00
120000.00

Value

Lump sum
Total Unit

Value

10000.00
21865.79
32355.23
41513.52
48385.89
57192.48
63248.82
67104.53
84185.24
96620.90
107150.14
120070.30

2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11

600000.00
711947.69
727883.51
708948.03
655535.87
639367.37
595280.39
537452.00
594162.64
611353.08
614701.75
631454.21

7/1/2011
8/1/2011
9/2/2011
10/3/2011
11/1/2011
12/1/2011
1/2/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/3/2012
10/1/2012
11/1/2012
12/3/2012
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/2/2013
10/1/2013
11/1/2013
12/2/2013
1/1/2014
2/3/2014
3/3/2014
4/1/2014
5/1/2014
6/2/2014
7/1/2014
8/1/2014
9/1/2014
10/1/2014
11/3/2014

280.05
286.72
287.57
276.39
238.81
212.11
253.99
293.99
310.86
297.72
309.70
330.26
331.85
305.86
318.51
308.33
317.42
325.50
374.92
339.75
345.00
378.39
344.23
335.18
295.72
249.37
314.62
341.50
322.93
330.43
344.49
359.02
436.95
432.06
495.70
570.26
551.02
659.44
637.97
705.48
726.41

76 | P a g e

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

35.71
34.88
34.77
36.18
41.87
47.15
39.37
34.02
32.17
33.59
32.29
30.28
30.13
32.69
31.40
32.43
31.50
30.72
26.67
29.43
28.99
26.43
29.05
29.83
33.82
40.10
31.78
29.28
30.97
30.26
29.03
27.85
22.89
23.14
20.17
17.54
18.15
15.16
15.67
14.17
13.77

469.46
504.34
539.11
575.29
617.16
664.31
703.68
737.70
769.87
803.46
835.75
866.02
896.16
928.85
960.25
992.68
1024.19
1054.91
1081.58
1111.01
1140.00
1166.43
1195.48
1225.31
1259.13
1299.23
1331.01
1360.30
1391.26
1421.53
1450.56
1478.41
1501.29
1524.44
1544.61
1562.15
1580.30
1595.46
1611.14
1625.31
1639.08

130000.00
140000.00
150000.00
160000.00
170000.00
180000.00
190000.00
200000.00
210000.00
220000.00
230000.00
240000.00
250000.00
260000.00
270000.00
280000.00
290000.00
300000.00
310000.00
320000.00
330000.00
340000.00
350000.00
360000.00
370000.00
380000.00
390000.00
400000.00
410000.00
420000.00
430000.00
440000.00
450000.00
460000.00
470000.00
480000.00
490000.00
500000.00
510000.00
520000.00
530000.00

131473.48
144601.48
155033.19
159002.18
147383.92
140904.38
178728.39
216873.59
239318.56
239201.73
258831.96
286009.86
297389.44
284100.96
305851.88
306071.75
325094.23
343372.73
405503.15
377467.19
393302.24
441362.27
411514.77
410704.05
372353.21
323983.80
418762.45
464540.12
449280.76
469719.42
499701.82
530781.29
655995.17
658650.83
765661.59
890826.39
870780.02
1052114.24
1027859.69
1146621.04
1190635.54

2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11

638833.59
654032.62
655985.25
630466.49
544746.99
483836.82
579378.78
670616.28
709098.58
679122.53
706463.90
753349.81
756983.61
697704.44
726562.75
703329.66
724062.65
742500.86
855226.40
775006.65
786987.04
863144.13
785216.90
764588.83
674576.28
568830.93
717680.11
778996.31
736638.41
753753.56
785819.11
818968.18
996737.25
985578.07
1130740.98
1300818.16
1256943.31
1504258.83
1455283.43
1609271.95
1657010.99

12/1/2014
1/1/2015
2/2/2015
3/2/2015
4/1/2015
5/1/2015
6/1/2015

628.82
728.94
724.46
789.24
744.42
827.54
823.65

10000.00
10000.00
10000.00
10000.00
10000.00
10000.00
10000.00

15.90
13.72
13.80
12.67
13.43
12.08
12.14

1654.98
1668.70
1682.50
1695.17
1708.61
1720.69
1732.83

SIP
Duration
Present Value

IRR

77 | P a g e

540000.00
550000.00
560000.00
570000.00
580000.00
590000.00
600000.00

60
1427246

36.59%

3%
CAGR

1040687.83
1216376.15
1218905.39
1337897.86
1271911.76
1423946.45
1427246.08
Lump sum
Investment
Current Value
Duration

25.65%

2281.11
2281.11
2281.11
2281.11
2281.11
2281.11
2281.11

1434411.28
1662784.47
1652571.95
1800342.17
1698091.47
1887717.75
1878835.11

600000
1878835
5

The recommended mode of Investment is as follows:

This was done using the data from each securities and IRR for SIP and CAGR for Lump sum is compared
and best mode of investment is selected

78 | P a g e

AGGRESSIVE INVETORS
Bank Of Baroda
YES Bank
Tata Motors Ltd.
Larsen & Toubro Ltd.
Kotak Mahindra Bank Ltd
ICICI Bank

INVESTMENT
SIP
SIP
LUMP SUM
SIP
SIP
SIP

MODERATE INVESTORS
HDFC Bank Ltd.
Ambuja Cements Ltd
Maruti Suzuki India Ltd.
Bharat Petroleum Corp Ltd
Grasim Industries Ltd.
Tech Mahindra Ltd

INVESTMENT
SIP
LUMP SUM
SIP
SIP
LUMP SUM
SIP

CONSERVATIVE INVESTORS
Bharti Airtel Ltd.
I T C Ltd.
Asian Paints
Sun Pharmaceutical Industries Ltd.
Dr. Reddy's Laboratories Ltd.
Hero Motor Corp Ltd.

INVESTMENT
SIP
LUMP SUM
SIP
SIP
SIP
SIP

FINDINGS
Primary Data:
1.

More than half of the investors are between the age group of 18-45.

2.

It was observed that 78% of investors' are male.

3.

Most of the investors are employees and their gross annual income is between 1-5
lakhs.

4.

The investors are not fully aware about share market so they could not identify
investments which suit their needs. This will decrease the satisfaction level of investors.

5.

Most of the investors prefer long term investments.

6.

Investors risk tolerance level is medium and most of them have a balanced view on
secured income and capital growth.

7.

Investors are expecting a return more than 11% from their investments.

8.

It was found that, age has no effect on risk profiling. Both are independent.

9.

It was observed that investment knowledge has an effect on risk appetite.

10.

It was found that occupation and risk have no relationship.

Secondary data:
1.

From my study I found that in long run, SIP will basically always be best strategy and
there exist high scope for sip.

2.

Lump sum investment is more risky and professional knowledge is vital for its success.

3.

In lump sum investment timing of market should be accurate else lose a lot of money.

4.

Investing lump sum at the right time offer better returns than SIP.

5.

For small investors with little exposure to the market SEP is the best option.

6.

Lack of awareness of the investors about SEP is one of the problems.

79 | P a g e

CONCLUSION

It has been observed that stocks with good fundamentals are considered one of the best investment
avenues. Historically investment in equity stocks has given phenomenal returns amongst all the other
asset classes if investment was done with discipline & with long term time horizon.
Selection of stocks and decision of the right price to enter is an integral part of equity investment and
this is the step where most of the investors falter. Equity Systematic Investment Plan (SIP) is an
instrument which helps you avoid the risk of timing the markets and facilitate wealth creation in a
disciplined manner by averaging cost of Investments. Small savings create the big corpus for future.
As common investor doesn't have enough time and resources, SIP proves to be a viable option for them.
SIP will be more effective if the market shows a bearish trend.

80 | P a g e

BIBLIOGRAPHY

Security analysis and portfolio management

NSE

MONEY CONTROL

YAHOO FINANCE

BUSINESS LINE

INVESTOPEDIA

WIKIPEDIA

81 | P a g e

Annexure

Investor profiling and portfolio management strategies

Dear Sir/ Maam,
I am a final year MBA student of Xavier Institute of Management & Entrepreneurship Bangalore and I
request you to kindly fill the questionnaire in order to collect the data required to analyze the investors
profile.
A. PERSONAL PROFILE
1. What is your name?

2. What is your profession?

1. GENDER
Male

Female

Below 25

25-35

45-55

Above 55

2. AGE
35-45

3. EDUCATION
Up to 10th standard

Up to 12th standard

Graduate

Post Graduate and above

4. ANNUAL INCOME
Below 1,00,000

1,00,000 to 3,00,000

3,00,000 to 5,00,000

Above 5,00,000

5. OCCUPATION TYPE
Employee

Business

House Wife

Student

82 | P a g e

Profession

B. RISK PROFILE
6. My Knowledge in Investment
Low

Medium

High

7. How satisfied are you with your investment?

Low

Moderate

High

8. Rank your preference in investment

Current investment

Bank Deposit
Shares
Mutual Funds
Post Office
Gold
Real estate
9. How much return do you expect from your investment?
5%

6 to 10%

11 to 15%

16 to 20 %

Above 20%
10. How long would you like to hold your investment?
Less than 1 year

1 to 3 years

3 to 5 years

More than 5 years

11. While investing, how do these factors affect your decision?

1
Liquidity
Tax benefit
High returns
Safety

83 | P a g e

Professional Management
Price

12. What is your risk appetite?

Low

Moderate

High

13. What is your risk profile?

Conservative

Moderate

Aggressive

14. Which mode of investment do you prefer?

Systematic Investment Planning (SIP)

Value Investing

Value averaging

Leverage Trading

15. Do you think an educational program will make you a good investor?
Yes

Thanking you for your kind co operation

Philip Thomas
Ph: +91 9902019568
Philipthomas59@gmail.com
XIME Bangalore

84 | P a g e

No

85 | P a g e