MF Tracker July 10

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M u t u a l F u n d R e p o r t

04 August, 2010For Private Circulation only

AUM Movements - as on July 2010 (Fig in Rs. Crores)

Mutual Fund Average Rank Avg Average Average % change % change Rank %

Name AUM July 10 AUM July 10 AUM June 10 AUM July 09 AUM (MoM) AUM (YoY) Change (YoY)

Reliance Mutual Fund 102179.40 1 101320.15 108334.38 0.85% -5.68% 2 1

HDFC Mutual Fund 84628.21 2 86648.10 83366.10 -2.33% 1.51% 1 7

ICICI Prudential Mutual Fund 68715.12 3 73795.43 73328.56 -6.88% -6.29% 2 1

UTI Mutual Fund 62207.57 4 64445.65 67251.89 -3.47% -7.50% 2 2

Birla Sun Life Mutual Fund 61532.69 5 63111.55 57331.78 -2.50% 7.33% 1 5

SBI Mutual Fund 38512.78 6 33733.39 34157.92 14.17% 12.75% 1 3

Franklin Templeton Mutual Fund 35180.63 7 34563.92 27630.10 1.78% 27.33% 9

Kotak Mahindra Mutual Fund 27489.84 8 28540.87 31246.40 -3.68% -12.02% 2 5

LIC Mutual Fund 24424.85 9 30049.38 35093.69 -18.72% -30.40% 2 9

DSP BlackRock Mutual Fund 21892.76 1 0 21415.75 17262.45 2.23% 26.82% 1 0

IDFC Mutual Fund 18533.47 1 1 20965.76 22708.77 -11.60% -18.39% 2 6

Tata Mutual Fund 18171.47 1 2 18464.10 20593.59 -1.58% -11.76% 2 3

Sundaram BNP Paribas MF 12591.67 1 3 12717.49 11363.87 -0.99% 10.80% 1 4

Religare Mutual Fund 10476.43 1 4 10918.47 12239.54 -4.05% -14.41% 2 5

Deutsche Mutual Fund 10027.04 1 5 9016 .87 14267.57 11.20% -29.72% 2 8

Fidelity Mutual Fund 8065 .12 1 6 7878 .87 9328 .61 2.36% -13.54% 2 4

Canara Robeco Mutual Fund 7796 .82 1 7 8533 .44 7854 .30 -8.63% -0.73% 1 8

JPMorgan Mutual Fund 6315 .79 1 8 4030 .79 3700 .47 56.69% 70.68% 7

JM Financial Mutual Fund 5952 .55 1 9 5657 .99 7749 .64 5.21% -23.19% 2 7

PRINCIPAL Mutual Fund 5854 .93 2 0 6827 .97 9234 .75 -14.25% -36.60% 3 0

HSBC Mutual Fund 5396 .47 2 1 5353 .19 8883 .56 0.81% -39.25% 3 2

Fortis Mutual Fund 5353 .12 2 2 5162 .39 8857 .44 3.69% -39.56% 3 3

Baroda Pioneer Mutual Fund 3954 .72 2 3 3075 .20 4015 .22 28.60% -1.51% 1 9

L&T Mutual Fund 3386 .35 2 4 3693 .42 2733 .39 -8.31% 23.89% 1 1

Axis Mutual Fund 3037 .00 2 5 2999 .19 - 1.26% - -

Benchmark Mutual Fund 2284 .85 2 6 2250 .37 1219 .25 1.53% 87.40% 5

Morgan Stanley Mutual Fund 2268 .89 2 7 2256 .80 2167 .32 0.54% 4.69% 1 6

Taurus Mutual Fund 2234 .93 2 8 2438 .65 647 .28 -8.35% 245.28% 3

ING Mutual Fund 1422 .29 2 9 1495 .47 2314 .52 -4.89% -38.55% 3 1

Peerless Mutual Fund 1077 .91 3 0 921 .26 - 17.00% - -

AIG Global Invest. Grp. MF 953 .29 3 1 1014 .66 1797 .20 -6.05% -46.96% 3 4

IDBI Mutual Fund 940 .76 3 2 28.18 - 3238.84% - -

Sahara Mutual Fund 760 .95 3 3 741 .62 207 .20 2.61% 267.26% 2

Bharti AXA Mutual Fund 701 .86 3 4 692 .74 263 .37 1.32% 166.49% 4

Shinsei Mutual Fund 353 .03 3 5 273 .08 203 .26 29.28% 73.69% 6

Edelweiss Mutual Fund 285 .41 3 6 282 .76 67.91 0.94% 320.27% 1

Mirae Asset Mutual Fund 271 .05 3 7 252 .13 226 .83 7.50% 19.50% 1 2

Escorts Mutual Fund 197 .64 3 8 195 .50 204 .50 1.10% -3.35% 2 0

Quantum Mutual Fund 104 .56 3 9 101 .04 67.54 3.49% 54.80% 8

Motilal Oswal Mutual Fund 33.21 4 0 - - - - -

Grand Total 665567.42 - 675863.57 687920.18 -1.52% -3.25% -

Source: AMFI, SSL Research. • MoM: Month-on-Month.Yo Y: Year-on-Year. AMCs arranged as per average AUM rankings as on June 2010.

SBICAP Securities Limited • August 04, 2010 • 1 Mutual Fund Report



Mutual Fund Monthly MF TRACKER


Index Returns as on July 2010

Indices Performance: Large Cap Indices

Index Name Date 7 Days 14 Days 1 Mth 2 Mths 3 Mths 6 Mths 1 Yr 2 Yrs 3 Yrs 5 Yrs

S&P Nifty 7/30/2010 -1.50 -0.49 1.04 5.94 1.70 9.95 17.42 11.55 6.52 18.32

BSE Sensex 7/30/2010 -1.45 -0.49 0.95 5.96 1.76 9.23 16.12 11.83 5.39 18.51

Indices Performance: Mid-Small Cap Indices


BSE SMALL CAP 7/30/2010 -0.96 -1.00 3.06 10.06 1.54 13.56 50.69 16.17 5.58 13.69

CNX Midcap 7/30/2010 -0.10 0.24 3.50 9.42 4.39 16.85 43.13 22.97 11.63 19.79

BSE MID CAP 7/30/2010 -0.34 0.14 3.62 9.65 3.11 13.80 34.53 15.21 3.82 15.00

Indices Performance: Broader Market Indices


BSE 500 7/30/2010 -0.98 -0.26 1.59 7.08 2.31 10.68 22.98 14.31 6.58 18.16

BS E200 7/30/2010 -1.01 -0.26 1.49 6.85 2.31 10.48 21.24 14.35 7.08 18.43

CNX 100 7/30/2010 -1.27 -0.37 1.24 6.32 2.13 10.88 20.47 14.10 7.10 18.40

CNX500 7/30/2010 -1.06 -0.33 1.23 6.89 2.45 7.68 20.26 13.90 6.44 17.14

BS E100 7/30/2010 -1.16 -0.31 1.21 6.43 1.89 9.75 18.64 13.15 6.79 18.58

Indices P erformance: Sectoral Indices


BSE CD 7/30/2010 0.46 2.15 11.80 18.17 13.97 39.35 72.45 20.29 9.01 18.14

CNX PSU BANK 7/30/2010 0.95 2.22 8.39 12.36 7.88 22.57 49.38 41.20 19.72 19.08

BSE AUTO 7/30/2010 0.13 1.05 1.21 11.45 8.00 21.16 49.27 51.45 19.57 21.53

BSE-HC 7/30/2010 -0.57 -2.31 -2.64 3.76 4.72 17.46 47.67 15.33 14.96 14.06

BSE IT 7/30/2010 0.03 0.28 2.93 5.27 2.18 9.99 40.67 21.28 4.15 14.06

BSE Bankex 7/30/2010 0.42 1.26 7.19 9.10 3.45 19.53 38.93 33.01 12.72 19.33

CNX Bank Nifty 7/30/2010 0.66 1.47 7.36 9.11 2.94 17.45 37.50 33.29 14.15 18.41

BSE METAL 7/30/2010 -0.75 3.28 4.73 1.94 -12.82 -3.52 26.07 10.12 10.59 21.58

BSE FMCG 7/30/2010 0.42 0.16 -0.01 9.07 12.24 18.51 21.69 23.05 18.40 19.61

BSE CG 7/30/2010 -4.82 -2.79 -0.80 6.80 4.01 11.17 17.06 12.02 4.74 29.11

BSE Teck 7/30/2010 -0.55 0.18 3.72 8.16 2.61 7.89 16.65 5.93 -3.40 11.88

BSE PSU 7/30/2010 0.53 2.00 0.71 7.68 5.09 1.08 15.84 19.76 10.89 15.92

BSE Oil & Gas 7/30/2010 -3.49 -3.39 -6.51 1.52 2.44 2.29 10.08 2.86 8.39 23.58

BSE Power Index 7/30/2010 -1.81 -1.46 -1.27 3.09 -1.90 1.59 5.20 10.35 5.25 21.47

BSE Realty 7/30/2010 -3.23 -2.54 5.51 7.97 -3.39 -3.64 -14.88 -18.21 -23.94 - -

Source: MFIE, SSL Research. Indices arranged as per 1-year trailing returns. Below 1-year returns are absolute & 1-year and

above 1-year returns are compounded annualised.

Index Movements (3-Yr movement as on July 2010)

Source: MFIE, SSL Research. Indices indexed to 100

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BSE MID CAP BSE SMALL CAP BSE Sensex





Transaction trends (Equity): MFs vs. FIIs as on July 2010

MFs: Transaction Trends (Fig. in R s. Crores) FII s: Transaction Trends (Fig. in Rs. Crores)

Date Purchase Sale Net

1-Jul-10 1,153.52 1,160.22 (6.70)

2-Jul-10 1,019.21 992.95 26.26

5-Jul-10 572.74 623.97 (51.23)

6-Jul-10 934.75 1,018.96 (84.21)

7-Jul-10 1,037.06 902.37 134.69

8-Jul-10 1,017.37 1,287.94 (270.57)

9-Jul-10 1,458.80 1,420.08 38.72

12-Jul -10 1,152.76 1,445.81 (293.05)

13-Jul -10 1,382.81 2,033.77 (650.96)

14-Jul -10 1,409.91 1,741.39 (331.48)

15-Jul -10 884.24 1,472.70 (588.46)

16-Jul -10 1,373.89 1,655.81 (281.92)

19-Jul -10 858.39 1,119.69 (261.30)

20-Jul -10 874.15 978.41 (104.26)

21-Jul -10 1,106.63 1,409.31 (302.68)

22-Jul -10 1,272.39 1,784.58 (512.19)

23-Jul -10 1,383.38 1,484.94 (101.56)

26-Jul -10 742.75 1,461.62 (718.87)

27-Jul -10 1,551.03 1,773.31 (222.28)

28-Jul -10 1,323.91 2,014.69 (690.78)

29-Jul -10 1,430.14 2,350.49 (920.35)

30-Jul -10 1,408.94 1,538.91 (129.97)

Total (Jul 10) 25,348.77 31,671.92 (6,323.15)

Total (Jun 10) 12,329.40 13,421.90 (1,093.10)

Total (May 10) 14,712.30 14,613.60 98.60

Total (Apr 10) 12,924.00 14,334.60 (1,410.40)

Total (Mar 10) 12,475.60 16,282.60 (3,806.90)

Total (Feb 10) 11,671.80 12,369.20 (697.20)

Total (Jan 10) 16,562.20 17,873.30 (1,311.30)

Grand Total (2009) 182407.1 187711.0 -5304.4

Grand Total (2008) 199625.6 189970.6 9655.0

Date Purchase Sale Net

2-Jul -10 4,749.50 4,212.50 537.00

5-Jul -10 1,802.90 2,035.00 (232.10)

6-Jul -10 880.60 1,096.80 (216.20)

7-Jul -10 1,901.50 1,526.10 375.50

8-Jul -10 1,523.80 1,488.60 35.20

9-Jul -10 2,552.40 1,361.50 1,190.90

12-Jul -10 5,777.90 2,312.30 3,465.60

13-Jul -10 3,260.00 2,144.50 1,115.50

14-Jul -10 2,389.60 1,585.40 804.20

15-Jul -10 2,663.50 2,016.90 646.60

16-Jul -10 4,229.90 3,668.60 561.30

19-Jul -10 2,840.40 2,080.70 759.60

20-Jul -10 1,876.90 1,673.00 203.90

21-Jul -10 1,669.10 1,296.70 372.40

22-Jul -10 2,361.20 2,042.60 318.60

23-Jul -10 2,225.40 2,037.00 188.40

26-Jul -10 3,130.90 2,285.60 845.30

27-Jul -10 2,268.40 1,795.90 472.50

28-Jul -10 2,475.60 2,394.10 81.50

29-Jul -10 2,826.20 2,172.90 653.30

30-Jul -10 7,281.80 2,843.40 4,438.40

Total (Jul 10) 60,687.50 44,070.10 16,617.40

Total (Jun 10) 52,639.60 42,131.10 10,508.40

Total (May 10) 52,192.30 61,628.90 (9,436.70)

Total (Apr 10) 60,929.50 51,029.40 9,900.20

Total (Mar 10) 287,136.40 242,929.60 44,206.70

Total (Feb 10) 41,057.60 39,841.10 1,216.90

Total (Jan 10) 58,130.30 58,630.60 (500.30)

Grand Total (2009) 624239.7 540814.7 83424.1

Grand Total (2008) 721606.0 774593.1 -52987.1

Source: SEBI, SSL Research





Average Returns across various mutual fund categories as on July 2010

Mutual Fund Categories 1 Week 1 Month 2 Months 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years

Largecap Funds -0.75 1.67 6.45 3.04 10.52 19.78 14.95 6.64 19.34

Midcap Funds -0.27 3.88 8.95 4.51 15.42 41.38 19.44 5.37 17.56

Opportunities Funds -0.44 2.40 7.02 3.14 11.97 25.45 16.75 6.52 20.14

Tax Saving Funds (ELSS) -0.62 2.36 7.23 3.28 12.78 26.29 16.34 5.92 17.33

Infrastructure Funds -1.21 1.51 6.07 0.48 8.20 16.63 9.94 5.61 22.46

Index Funds - Nifty -1.49 0.98 5.88 2.19 10.16 15.20 10.82 4.79 17.27

Index Funds - Sensex -1.43 0.99 5.86 2.45 9.64 14.68 11.99 3.78 18.18

International Funds -0.53 3.83 5.42 0.21 6.03 13.07 6.05 5.48 8.12

Balanced Funds -0.39 1.88 5.59 3.09 10.16 20.31 16.14 8.06 15.85

MI Ps -0.20 0.40 1.32 1.03 3.52 7.27 10.11 7.58 8.64

Income Funds -6.79 1.77 2.24 3.87 4.10 5.04 6.15 6.02 5.92

Gilt ( Medium/Long Term) -15.80 -3.66 0.02 3.26 3.09 2.20 7.71 6.78 5.90

Gilt (Short Term) -11.76 -0.75 1.58 3.03 3.23 2.80 5.56

Liquid Funds 5.2382 5.1830 5.0570 4.7393 3.9960 3.8459

Ultra Short Term Funds 4.9723 5.1229 5.0352 4.9304 4.7433 4.5813

Source: MFIE, SSL Research. For equity funds, balanced funds and MIPs, returns < 1 year are absolute and returns >= 1 year are CAGR returns. For Liquid funds,

Ultra Short Term funds, Income funds, Gilt (Medium/Long Term) and Gilt (Short Term), returns < 1 year are simple annualised and returns >= 1 year are CAGR returns.

The averages are calculated on the basis of our internally buil t peer sets at SSL for each sub-category of mutual funds.

10 Y r G-Sec, AAA Corporate Bond Yie ld & Spread:

Source: Bloomberg, SSL Research

Monthly Inflation Figures:

Date Inflation (%) Date Inflation (%)

Jun-10 10.55 Dec-09 7.31

May-10 10.16 Nov-09 5.55

Apr-10 9.59 Oct-09 1.46

Mar-10 9.90 Sep-09 0.50

Feb-10 9.89 Aug-09 -0.17

Jan-10 8.56 Jul-09 -0.67

Source: Bloomberg, SSL Research

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DISCLAIMER:

SBI Capital Markets Limited (SBICAP) is a full-service, integrated Investment Banking company and its wholly owned subsidiary SBICAPSecurities Ltd is a Stock Broking Company having memberships on BSE and NSE. SBICAP is also an underwriter of securities. ("SBICAP

and SBICAP Securities Ltd. are collectively referred to as SBICAP Group") SBICAP has Investment Banking, Advisory and other businessrelationships with a significant percentage of the companies covered by our Research Group. Our research professionals provide importantinputs into our Investment Banking and other business selection processes.

Recipients of this report should assume that SBICAP Group is seeking or may seek or will seek Investment Banking, advisory, projectfinance or other businesses and may receive commission, brokerage, fees or other compensation from the mutual funds or asset managementcompanies that are the subject of this material/report. SBICAP Group and its officers, directors and employees, including the analysts andothers involved in the preparation or issuance of this material and their dependants, may on the date of this report or from, time to time have"long" or "short" positions in, act as principal in, and buy or sell the securities, mutual fund units, or derivatives thereof of mutual funds,asset management companies mentioned herein. Our sales people, dealers, traders, advisors and other professionals may provide oral orwritten market commentary or trading strategies to our clients that reflect opinion that are contrary to the opinions expressed herein, andour proprietary trading and investing businesses may make investment decisions that are inconsistent with the recommendations expressedherein. SBI Cap Group may have earlier issued or may issue in future, reports on the mutual funds covered herein with recommendations/information inconsistent or different than those made in this report. In reviewing this document, you should be aware that any or all of theforegoing, among other things, might give rise to or potential conflicts of interest. SBICAP Group may rely on information barriers, such as"Chinese Walls" to control the flow of information contained in one or more areas within SBICAP Group into other areas, units, groups oraffiliates of SBICAP Group.

This report is for information purposes only and this document/material should not be construed as an offer to sell or the solicitation of anoffer to buy, purchase or subscribe to any securities or mutual funds, and neither this document nor anything contained herein shall form thebasis of or be relied upon in connection with any contract or commitment whatsoever. This document does not solicit any action based onthe material contained herein. It is for the general information of the clients of SBICAP Group. Though disseminated to clients simultaneously,not all clients may receive this report at the same time. SBICAP Group will not treat recipients as clients by virtue of their receiving thisreport. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, orneeds of individual clients. Similarly, this document does not have regard to the specific investment objectives, financial situation/circumstances and the particular needs of any specific person who may receive this document. The securities / mutual funds discussed inthis report may not be suitable for all the investors. The securities described herein may not be eligible for sale in all jurisdictions or to allcategories of investors. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstancesand objectives. Persons who may receive this document should consider and independently evaluate whether it is suitable for his/ her/theirparticular circumstances and, if necessary, seek professional/financial advice. Any such person shall be responsible for conducting his/her/their own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risksinvolved in the securities / mutual funds forming the subject matter of this document.

The price and NAVs of the investments referred to in this document/material and the income from them may go down as well as up, andinvestors may realize losses on any investments. Past performance is not a guide for future performance. Future returns are not guaranteedand a loss of original capital may occur. Actual results may differ materially from those set forth in projections. Forward-looking statements

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Name Des ignat ion

Alpesh Porwal Head (Retail)

Anand Oke Deputy Head - Retail Research

Raju Singh Associate Analyst - Mutual Funds

Alankar Ranade Trainee Analyst

Documents

MF Tracker July 10