November 2011

PORTFOLIO RECOMMENDATIONS

RECOMMENDED PORTFOLIO - E
Aggressive Sr. No. Scheme Name Equity Funds A 1 2 3 4 5 6 7 8 9 10 11 B 1 2 A 1 2 B 1 2 C 1 2 3 4 5 D 1 2 1 2 Diversified Equity Funds HDFC Equity Fund DSP BlackRock Equity Fund Birla SunLife Frontline Equity Fund - Plan A ICICI Prudential Dynamic Plan IDFC Sterling Equity Fund Reliance Equity Opportunties Fund HDFC Mid Cap Opportunities Fund HDFC Top 200 Fidelity Equity Fund ICICI Prudential Focused Bluechip Equity Fund Franklin India Flexi Cap Fund Infrastructure Oriented Funds ICICI Prudential Infrastructure Fund HDFC Infrastructure Fund Debt Funds Income / Dynamic Income Funds HDFC Income Fund Birla Sun Life Income Plus Short Term Funds HDFC Short Term Plan Birla Sun Life Dynamic Bond Fund Monthly Income Plans / Hybrid Funds HDFC MIP - LTP Birla Monthly Income UTI Monthly Income Scheme Axis Triple Advantage Fund Canara Robeco INDIGO Fund Ultra Short Term Funds ICICI Prudential Flexible Income Plan- Reg HDFC Cash Management - Treasury Advantage Gold Reliance Gold Savings Fund HDFC Gold Fund Total 5% 5% 2.5% 2.5% 100% 5% 5.0% 10% 5% 5% 5% 5% 5% 5% 5% 2.5% 2.5% 100% 5% 10% 5% 5% 25% 5% 5% % Exposure 70% 60% 10% 10% 10% 5% 5% 5% 10% 5% 5% 5% 5% 55% 10% 5% 5% 15% 5% 10% 25% 10% 5% 5% 10% 5% Moderate % Exposure 40% 35% 5% 5% -

QUITY & DEBT

Conservative % Exposure 35% 35% 5% 5% 5% 10% 5% 5% 0%

MUTUAL FUNDS AS ON 1ST NOVEMBER 2011

Invesment Horizon 2-3 Years

Investment Objective

A large cap fund A flexi cap fund A flexi cap fund A flexi cap fund A mid cap fund A flexi cap fund A mid cap fund A large cap fund A flexi cap fund A large cap concentrated fund A flexi cap fund 3 Years Thematic Funds Thematic Funds

60% 10% 5% 5% 15% 5% 10% 30% 10% 5% 5% 10% 5% 0% 5% 5% 2.5% 2.5% 100% 2-3 Years A Fund of Fund investing into Gold ETF's A Fund of Fund investing into Gold ETF's 1 Week to 3 Months An ultra short term fund An ultra short term fund Minimum 15 Months MIP with upto 25% equity exposure MIP with upto 15% equity exposure MIP with upto 15% equity exposure Hybrid fund investing into Debt Instruments, Equity and Gold ETF Hybrid fund investing into Debt Instruments and Gold ETF Minimum 9 Months A short term income fund A short term income fund A long term income fund Minimum 15 Months

MUTUAL FUNDS - A R
Equity Funds Name of Scheme Inception Date

OUND-UP OF EQUITY AND DEBT FUNDS AS ON OCT

Funds Recommended based on Long term Trends NAV Rs 3m -2.83% -4.47% -4.71% -3.57% -9.36% -11.46% -7.93% -5.34% -4.13% -4.87% -6.70% -4.82% -6.88% -5.34% -2.42% -2.60% -3.72% -8.11% -10.83% 5.93% -0.23% 1.31% 5.93% 7.68% 7.63% 7.60% 0.93% 1.49% -0.66% 0.71% 0.82% 3.45% 6.77% 8.03% 8.27% 8.34% 15.38% 17.15% 6m -7.36% -8.80% -8.65% -7.96% -11.39% -11.27% -10.81% -7.10% -7.10% -7.58% -5.54% -3.98% -2.06% -8.27% -4.96% -4.16% -6.82% -12.43% -15.83% 6.25% 3.02% 5.16% 6.25% 7.99% 8.50% 8.98% 1.64% 3.15% 0.58% 2.41% 2.26% 4.57% 9.24% 7.95% 8.40% 8.51% 20.41% 22.42% Returns for 1 yr -11.43% -15.12% -15.15% -13.50% -22.26% -25.35% -15.00% -12.93% -11.48% -7.34% -11.70% -9.39% -8.01% -12.48% -9.68% -6.41% -11.44% -18.06% -25.63% 5.84% 4.44% 6.40% 5.84% 7.12% 7.47% 8.01% 3.30% 5.84% 1.96% 4.32% 3.88% 6.79% 15.70% 7.94% 8.08% 8.31% -38.31%

31, 2011

3 Yrs 22.67% 23.45% 23.73% 22.90% 27.50% 5.57% 32.28% 27.02% 26.72% 27.96% 37.97% 37.23% 34.58% 28.84% 28.69% 32.41% 28.43% 17.11% 21.91% 7.00% 8.87% 8.96% 7.00% 7.39% 9.10% 8.66% 9.74% 7.00% 16.76% 12.94% 11.17% --6.17% -6.49% ---

5 Yrs 7.30% 6.67% 6.24% 6.85% 8.49% -0.98% 12.86% 13.60% 12.03% 11.38% -11.84% -13.45% 12.37% -9.15% 8.87% -5.99% 6.82% 8.54% 5.99% 7.14% 8.74% 9.01% 6.80% 5.99% 10.07% 8.69% 8.31% --6.72% -7.24% ---

Inception 21.22% 22.94% 25.95% 29.34% 16.85% 20.86% 10.38% 23.45% 21.00% 14.86% 18.47% 16.80% 0.18%

S&P Nifty BSE200 CNX500 BSE100 CNX Midcap CNX Infrastructure Index Diversified Equity Funds HDFC Equity Fund 1-Jan-95 255.3790 DSP BlackRock Equity Fund - Div 29-Apr-97 45.8590 Birla Sun Life Frontline Equity Fund - Plan A 30-Aug-02 83.0500 ICICI Prudential Dynamic Plan 31-Oct-02 101.4528 IDFC Sterling Equity Fund 7-Mar-08 17.6621 Reliance Equity Opportunties Fund 31-Mar-05 34.8470 HDFC Mid Cap Opportunities Fund 25-Jun-07 15.3700 HDFC Top 200 11-Sep-96 197.4420 Fidelity Equity Fund 16-May-05 34.2840 ICICI Prudential Focused Bluechip Equity Fund 23-May-08 16.1100 Franklin India Flexi Cap Fund 2-Mar-05 30.9653 ICICI Prudential Infrastructure Fund 31-Aug-05 26.0700 HDFC Infrastructure Fund 8-Jan-08 10.0690 Crisil Composite Bond Fund Index Income / Dynamic Income Funds HDFC Income Fund 11-Sep-00 23.0883 Birla Sun Life Income Plus 21-Oct-95 45.2992 Crisil Composite Bond Fund Index CRISIL Short-Term Bond Fund Index Short Term Funds HDFC Short Term Plan 28-Feb-02 19.8914 Birla Sun Life Dynamic Bond Fund 27-Sep-04 17.2197 Crisil MIP Blended Index Crisil Composite Bond Fund Index Monthly Income Plans HDFC MIP - LTP 26-Dec-03 23.3243 Birla Sun Life Monthly Income 14-Jul-99 37.6892 UTI Monthly Income Plan 12-Sep-02 20.3203 Axis Triple Advantage Fund 23-Aug-10 10.9669 Canara Robeco InDiGo Fund 9-Jul-10 11.8005 Crisil Liquid Fund Index Ultra Short Term Funds ICICI Prudential Flexible Income Plan 18-Mar-09 116.5626 HDFC Cash Management - Treasury Advantage18-Nov-99 22.3264 Gold Reliance Gold Savings Fund 7-Mar-11 12.8357 HDFC Gold Fund 13-Aug-10 2688.7609

7.80% 9.88%

7.37% 7.95%

11.39% 11.38% 8.07% 8.07% 13.45%

6.02% 6.95% 28.36% 39.06%

Note: Returns for all schemes are absolute 1 year and less but are compunded annualised for more than 1 year period. Moreover, past returns cannot be taken as an indicator of future performance. Equity Oriented Scheme recommendations have been made based on the methodology, which assigns weightages to parameters like FAMA, Sharpe ratio, Sortino Ratio, Corpus, Past Performance, Beta and Volatility. Debt Oriented Scheme recommendations have been made based on the methodology, which assigns weightages to parameters like Sharpe ratio, Performance Consistency, Corpus, Past Performance, Expenses, Credit Risk and Volatility. All the NAVs and return calculations are for the Growth Oriented Plans.

RECOMMENDED PORTFOLIO A
Sr. No. Scheme Name Investment Objective

S ON 1ST NOVEMBER 2011

Equity Funds
A Diversified Equity Funds
HDFC Equity Fund DSP BlackRock Equity Fund Birla Sun Life Frontline Equity Fund

The investment objective of the Scheme is to achieve capital appreciation.

An Open Ended growth Scheme, seeking to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India It is an open-ended equity fund. The investment objective is long-term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200. To generate capital appreciation by actively investing in equity / equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments, to the extent permitted under the Regulations. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above so as to maximize the returns. To generate capital appreciation by actively investing in equity / equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments, to the extent permitted under the Regulations. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above so as to maximize the returns. The investment objective of the scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. The funds benchmark is CNX Midcap Index. The fund was initially launched as a close-ended scheme was converted into an open-ended scheme To generate long term capital appreciation from a portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index. To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. It is an open-ended equity fund. The investment objective is to seek to generate long-term capital appreciation and income distribution to unit holders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on NSE. If the total assets under management under in this scheme go above Rs.1000 Cr., the fund manager reserves the right to increase the number of companies to more than 20. An open-end diversified equity fund that seeks to provide medium to long term capital appreciation by investing in stocks across the entire market capitalization range.

ICICI Prudential Dynamic Plan

ICICI Prudential Dynamic Plan

IDFC Sterling Equity Fund Reliance Equity Opportunties Fund

HDFC Mid Cap Opportunities Fund

HDFC Top 200 Fidelity Equity Fund ICICI Prudential Focused Bluechip Equity Fund

Franklin India Flexi Cap Fund

B Infrastructure Oriented Funds

ICICI Prudential Infrastructure Fund An open-ended equity Scheme. Objective is to generate capital appreciation and income distribution to unitholders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF). The investment objective of the Scheme is to generate returns that are in line with the performance of gold, subject to tracking errors

HDFC Infrastructure Fund Gold Reliance Gold Savings Fund HDFC Gold Fund

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PR- 11/11

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