Saturday, December 31, 2011

2010 Vs 2011


Monday, December 26, 2011

Good Monday..


Today


BSE 15,970.75
+232.05 (1.47%)

NSE 4,779.00
+65.00 (1.38%)


Buy Tips
PTC India Ltd.,





IFCI Ltd.   23.55Rs.       +6.80 %
Apollo Hospitals 593.75Rs. +5.24 %

Tuesday, December 20, 2011

Gold ETFs


Liquid ETF


Equity ETFs On NSE

RECOMMENDATIONS



1)    NETWORK-18 (36.1)
            Support at 34.9 below 33.65. Resistance at 36.5 above 38 and more. (Buy at declines)
2)    DEN NETWORKS (47.85)
Resistance is at 49 above 51. (Buy at declines) Support at 45 below 44.3.
3)    COAL INDIA (307.15)
           Resistance is at 309 above 312 and 314. (Buy at declines) Support at 303 below 301.
4)    CIPLA (332.8)
              Resistance at 334 above 339. Support at 329 and 325. (Buy at declines)
5)    L&T (1033)
             Resistance at 1040 above 1065. (Sell at higher). Support at 1018 below 1000.

Monday, December 5, 2011

Moharum Holiday

Please be informed that, 6th December 2011, Tuesday will be a Trading & Clearing Holiday for both NSE and BSE due to Moharum.

End of the Day( EOD )
BSE 16,805.33 -41.50 (-0.25%)
NSE   5,039.15 -11.00 (-0.22%)

Wednesday, September 28, 2011

RECOMMENDATIONS



M&M FINANCE (652)
Support at 648 below 639. Resistance at 660 above 668 and more. (Buy at declines)

CAIRN INDIA (280.25)
Support at 272 and 265. Resistance at 282 above 286 and more. (Buy for delivery)

ICSA (71.7)
Resistance at 72.1 above 73 and 77. Support at 70 below 68.1. (Buy at declines)

REDINGTON INDIA (92.1)
Resistance is there at 92.65 above 93 and 96. Support at 90 below 89.1. (Buy for delivery)

JSW STEEL (609.1)
Resistance is there at 614 above 618. Support at 601 below 590 and 584. (Sell at higher)

--PNB--

Upcoming IPO -> M AND B SWITCHGEARS LIMITED


Issue Open:
September 28, 2011

Issue close:
October 05, 2011

Price Band:
Rs. 180 - Rs. 186 Per Equity Share

Minimum Bid Size:
30 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount  for Retail Investor: Rs. 200000

M AND B SWITCHGEARS LIMITED:
Incorporated in 1999, M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.Company is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 2 to M AND B SWITCHGEARS LIMITED IPO. This means as per ICRA, company has 'Below Average Fundamentals'.

Website:

FLEXITUFF INTERNATIONAL LIMITED


Issue Open:
September 29, 2011

Issue close:
October 05, 2011

Price Band:
Rs. 145 - Rs. 155 Per Equity Share

Minimum Bid Size:
40 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount  for Retail Investor:
Rs. 200000


FLEXITUFF INTERNATIONAL LIMITED:
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.

IPO Grading / Rating:
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'.

Website:
http://www.flexituff.com/

Tuesday, September 20, 2011

Upcoming IPO ->RDB Rasayans, Tijaria Polypipes Ltd


RDB Rasayans is entering in the capital markets with an initial public offering, IPO of 45,00,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 72/- at lower level and Rs 79/- at upper level.

The issue opens on Sep 21, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Website:
http://www.rdbgroup.in/


About Company
Incorporated in 1995, RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc.

RDB Rasayans produces FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs. In addition to FIBC, the Company also manufactures various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. The Company offers woven bags and fabrics in both PP and HDPE. Its products are UV stabilized and pre-conditioned against shrinkage.

Tijaria Polypipes Ltd is entering in the capital markets with an initial public offering, IPO of 1,00,00,000 equity shares of face value Rs 10/- each aggregating Rs 60 crore through the fixed price IPO.

The issue opens on Sep 27, 2011 and closes for subscription on Sep 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

About Company
Incorporated in 2006, Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps under the registered brand name of Tijaria and Vikas. The company produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc.

Tijaria's product offerings include HDPE pipes, PVC pipes, LLDPE pipes, HDPE DWC pipes, PLB HDPE Ducts, MDPE pipes, uPVC RIGID & BLUE CASING pipes, Pet Granules, MICRO/DRIP Irrigation System, SWR PIPES & FITTINGS, PPR Pipes & Fittings, HDPE Sprinkler System. These products are used in irrigation, telecommunication, industrial, and infrastructure and housing sector. Total production capacity of Tijaria Polypipes is 25163 million tonnes per annum (MTPA).

Website:
http://www.tijariapipes.com/



Wednesday, September 14, 2011

Upcoming IPO - Prakash Constrowell Ltd

Prakash Constrowell Ltd is entering in the capital markets with an initial public offering, IPO of 60 crores. The price band for the issue has not been fixed yet.

Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction. Company is headquartered at Nasik, Maharashtra. Prakash Constrowell has successfully execute a range of construction projects in the state of Maharashtra awarded by government and semi-government bodies using Public-Private Partnership (PPP) model.

The issue opens on Sep 19, 2011 and closes for subscription on Sep 21, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Wednesday, September 7, 2011

Upcoming FPO - ONGC Ltd


Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an Follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has not been fixed yet.

Oil and Natural Gas Corporation Ltd (ONGC) is the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.

The issue opens on Sep 20, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).




Upcoming IPO - PG Electroplast Ltd


PG Electroplast is entering in the capital markets with an initial public offering, IPO of 5,745,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 190/- at lower level and Rs 210/- at upper level.

PG Electroplast Ltd is in the business of Electronic Manufacturing Services (EMS). Company manufactures variety of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India. PG Electroplast manufactures products as color television sets (CTV) & components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL).

The issue opens on Sep 07, 2011 and closes for subscription on Sep 12, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Tuesday, September 6, 2011

Buy Tips


Bajaj Corp       
Cluster: Ugly Duckling
Recommendation: Buy
Price target: Rs155
Current market price: Rs109

Strong presence in the fast-growing light hair oil category: Bajaj Corp Ltd (BCL), part of the Shishir Bajaj group, is the third largest player in the hair oil segment and has emerged as the dominant player in the premium light hair oil (LHO) category with its Almond Drops hair oil. Driven by a rise in the disposable income and aspirations of consumers the LHO market has seen a strong growth of 25.5% CAGR in the past four years. With its strong positioning, product differentiation and distribution strength, BCL has grown at a relatively much higher rate and increased its market share in the LHO category from 38% to over 50% in the same period.

Enhancing its product portfolio: Leveraging on its strong presence in the LHO segment and the distribution strength of over 2 million retail outlets, BCL is looking at enhancing its product portfolio through brand extension and introduction of new products. In line with this strategy the company has recently launched Kailash Parbat Cooling Oil (KPCO) in the cooling hair oil category. The initial response has been quite encouraging with KPCO achieving a volume market share of 1% within the first quarter of its launch. 

Strong growth momentum to sustain: Despite the hike in the average selling price in response to the rising input cost, BCL was able to report a strong volume growth of 19.9% in Q1FY2012. The company would be able to sustain a healthy double-digit volume growth in its flagship brand, Almond Drops, while the newly introduced KPCO would bring in the incremental growth in volumes. Consequently, we have factored in a 17% compounded annual growth in volume over the next two years. 

Attractive valuations: With leadership in the LHO category, BCL is well poised to achieve a good growth in a scenario in which people are climbing up the value chain and consumption in rural India is on the rise. We expect BCL's top line and bottom line to grow at CAGR of 24% and 18% respectively over FY2011-13. It has around Rs400 crore as cash & cash equivalents which provides an opportunity to carry out both organic and inorganic growth activities. The stock is currently trading at 13.7x its FY2012E EPS of Rs8.0 and 11.2x its FY2013E EPS of Rs9.7. Considering the company's good cash generation ability and the better visibility of its earnings over the next two to three years, we believe the stock is trading at a stark discount to some of its FMCG peers. Hence, we initiate coverage on the stock with a Buy recommendation. Our price target stands at Rs155

-Sharekhan

Thursday, August 25, 2011

L&T, Coal India

L&T Construction on Wednesday said it has secured new orders worth Rs 1,340 crore in building and factories segment during Q2 FY12 for the construction of commercial and residential buildings, including add-on orders from ongoing projects.

At least 22 mines owned by Coal India, the world's biggest coal miner, face closure over environmental concerns in Jharkhand, potentially suffering an output loss of up to 40,000 tonnes a day.

Tuesday, August 23, 2011

Upcoming IPO -> TD POWER SYSTEMS LIMITED


Issue Open:
August 24, 2011

Issue close:
August 26, 2011

Price Band:
Rs. 256 - Rs. 261 Per Equity Share

Minimum Bid Size:
25 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

TD POWER SYSTEMS LIMITED:
Incorporated in 1999, Bangalore based TD Power Systems Ltd is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. Along with AC Generators Company also executes Turbine Generator ("TG") island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with their generator. Company is ISO 9001-2008 certified.

IPO Grading / Rating:
CARE has assigned an IPO Grade 4 to TD Power Systems IPO. This means as per CARE, company has 'Above Average Fundamentals'.

WEBSITE:

Sunday, August 21, 2011

Upcoming IPO - SRS Limited


Issue Period
23 August 2011 to 26 August 2011

Price Band
58 - 65

Lot Size
100 shares and in multiples of 100 thereafter

Issue Size
227.50 crore

IPO Rating
3/5 ICRA


SRS Limited was incorporated in 2000 with the objective of trading in FMCG goods and it later entered into the other business segments.

The company's business portfolio comprises cinema exhibition, food & beverages, retail, and manufacturing & retailing of jewellery.

The company has four business verticals categorised as cinema exhibition, food & beverages, retails and cash & carry, and jewellery.

The company operates a chain of cinemas spread across six cities cinema exhibition brand. It comprises 11 properties at strategic locations.

Friday, August 19, 2011

Technology stocks are downgraded

Technology stocks are downgraded to ‘reduce’ from the earlier ‘buy’ recommendation,
viewing the deteriorating outlook for the technology sector.

Though these stocks have corrected heavily in August, it seems that the prolonged macro
weakness and the recession fears are not yet reflected in the current valuation. Chances are that these stocks could be bought cheaper on a future date.

-BNP Paribas

Saturday, August 13, 2011

Upcoming IPO -> Brooks Laboratories Limited


Issue Open:
August 16, 2011

Issue close:
August 18, 2011

Price Band:
Rs. 90 - Rs. 100 Per Equity Share

Minimum Bid Size:
60 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

BROOKS LABORATORIES LIMITED:
Incorporated in 2002, Brooks Laboratories Ltd is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 2 to BrooksLabsIPO. This means as per ICRA, company has 'Below Average Fundamentals'.

Website:

Thursday, August 11, 2011

Upcoming IPO -> Tree House Education & Accessories Limited

Issue Open:
August 10, 2011

Issue close:
August 12, 2011

Price Band:
Rs. 135 - Rs. 153 Per Equity Share

Minimum Bid Size:
40 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

TREE HOUSE EDUCATION & ACCESSORIES LIMITED:
Incorporated in 2006, Tree House Education is one of the leading educational services providers in India. As per CRISIL report, they operate the largest number of self-operated pre-schools in India. They have 177 pre-schools under the brand name of "Tree House" across 23 cities in India.Tree House provide a wide variety of educational services to K-12 schools which includes designing curriculum and providing teaching aids, supplying methods for imparting education, organizing extra-curricular activities for students and teacher training.

IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Tree House Education IPO. This means as per CRISIL, company has 'Average Fundamentals'.

Website:

Monday, August 8, 2011

Update - NTPC

The country's largest power producer, NTPC, today said it would invest about Rs 1,00,000 crore in setting up of a nearly 9,500 MW hydro project in Arunachal Pradesh.

Web Site: www.ntpc.co.in/

Tuesday, August 2, 2011

Tip of the day

Geojit BNP Paribas

Retain ‘buy’ on Idea – TP hiked to Rs.110
Buy call on Idea Cellular has been maintained with a target price of Rs.110 over one year, as against the earlier target of Rs.85. The stock is currently quoted in the range of Rs.95.

Retain ‘buy’ rating on Kalpataru Power – TP Rs.181
Kalpataru Power has reported standalone sales of Rs.580 crore for 1QFY12. Sales is 7.2% higher yoy and 34% down qoq. Sales figure is lower than market estimates also. Shortfall in sales is due to delays in execution of transmission projects in Maharashtra on early arrival monsoons and delay in
infrastructure projects due to delay in approval from clients’ end.

Update - SKS Microfinance


SKS Microfinance has been spiralling downwards since the last one week, tumbling 27% to Rs380 from Rs522 touched on July 26. The fall can be attributed to the poor set of first quarter numbers posted by the company.

The company reported Q1 net loss of Rs218.74 crore compared to profit of Rs66.7 crore on y-o-y basis. The total income declined 47% to Rs163.55 crore from Rs306.56 crore.

Saturday, July 23, 2011

Upcoming IPO -> L&T Finance


L&T Finance fixes it's IPO price band at Rs 51/- at lower level and Rs 59/- at upper level. The issue of L&T Finance IPO opens on Jul 27, 2011 and closes for subscription on Jul 29, 2011.
Market Lot - 100 Equity Shares.
Minimum Order Quantity - 100 Equity Shares.
IPO Grading - IPO GRADE 5 which means 'Strong Fundamentals'.
Rating Agency - CARE and ICRA.

About Company

L&T Finance Limited (LTF) is a subsidiary of Larsen and Toubro. It was incorporated as a Non Banking Finance Company in November 1994. Through LTF, L&T aims at making a strong foray in the ever-expanding financial services sector. As a business philosophy, we fund income generating assets/activities while maintaining a clear focus on returns.

LTF offers a spectrum of financial products and services for trade, industry and agriculture. The company's focus segments are corporate products, construction equipment, CVs and tractors. Despite the turbulence in the financial services markets over the past few years, L&T Finance has adapted well to the changing market dynamics to remain consistently profitable.

Like the rest of the companies in L&T group, LTF is also professionally managed. LTF shares the professional values and ethos of its parent company, and has acquired and maintained a reputation for reliability, transparency of operations and absolute integrity. A steady growth rate validates the trust that industry has reposed in the company.

Website - www.ltfinance.com

Tuesday, July 19, 2011

Upcoming IPO -> INVENTURE GROWTH AND SECURITIES LTD


Issue Open: July 20, 2011
Issue close: July 22, 2011
Price Band: Rs. 100 - Rs. 117 Per Equity Share
Minimum Bid Size: 50 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 200000

INVENTURE GROWTH AND SECURITIES LTD:
Incorporated in 1995, Inventure Growth and Securities Ltd (IGSL) is a flagship Company of Inventure Group. They offer trading services in equity cash and derivatives market, debt market, commodities and currency futures segment to financing activity, wealth management, and distributions of financial product.IGSL's client includes institutional clients, high net worth individuals and retail investors. Inventure operates through 224 business locations including branches, franchisees (Remisiers and Authorised Person) and sub-brokers located across India.

IPO Grading / Rating:
Fitch / ICRA has assigned an IPO Grade 2 to Inventure Growth and Securities IPO. This means as per Fitch / ICRA, company has 'Below Average Fundamentals'.

Saturday, July 9, 2011

Upcoming IPO -> BHARATIYA GLOBAL INFOMEDIA LIMITED


Issue Open:
July 11, 2011
Issue close:
July 14, 2011
Price Band:
Rs. 75 - Rs. 82 Per Equity Share
Minimum Bid Size:
75 Equity Shares
Face Value:
Rs. 10 Per Equity Share
Issue Type:
100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 200000

BHARATIYA GLOBAL INFOMEDIA LIMITED
Incorporated in 1994, Bharatiya Global Infomedia Ltd (BGIL) is a technology based company, is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. BGIL focusing on the sectors such as Information Technology security and compliance automation software solutions and technology related to media & entertainment industry with focus on research & development.

IPO Grading / Rating
CARE has assigned an IPO Grade 2 to Bharatiya Global Infomedia IPO. This means as per CARE, company has 'Below Average Fundamentals'.

Note:
  • HDFC Q1 net profit at Rs845 crore
  • IndusInd Bank Q1 PAT at Rs180 crore
  • GoM approves 26% profit-sharing for coal companies

Thursday, June 30, 2011

Day Traders HIT List

Axis Bank
Bharati Tele
Coal India
Hindalco
HUL
ICICI Bank
IDFC
Infosys
ITC
JSW Steel
LIC Housing
LNT
Ranbaxy
Reliance Industries
SBI
Tata Motors
TCS
TISCO

Be informed that, 1st July, 2011 ( Friday ) will be a clearing holiday for both NSE and BSE due to Annual Closing of RBI.

Monday, June 27, 2011

BIRLA SUNLIFE FRONTLINE EQUITY FUND

Birla sunlife frontline equity fund (BSFEF) is an open ended growth scheme that invests across sectors with a bias for large caps but not exclusively focused on them. Objective of the fund 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.

Mr. Mahesh Patil is managing this fund since November 2005 and top 5 sectors in which the fund is invested are Banks, Software, Petroleum products, Automobiles and Industrial
capital goods.

A long-term track record of good performance (see the table given above), proven ability to ride out corrections better than most peer funds and benchmark, with a focused exposure to blue-chip equities makes the case for this fund. Over the past five years, BSFEF has delivered a fairly good return placing it among the top funds in the category. While looking forward, BS frontline equity fund can be considered as a good SIP pick.


Birla Sun Life Frontline Equity Fund

SIP Performance

SIP (in Years)

Amount Invested

Present Value

CAGR(%)

3

180000.00

244766.43

19.97

5

300000.00

444892.12

15.30

7

420000.00

870204.44

20.03

Since Inception (Aug 2002)

515000.00

1532136.04

24.05

( NAV as on June 1, 2011: Rs.87.60)

FRANKLIN INDIA BLUECHIP FUND

Franklin India Bluechip Fund (FIBF) seeks aggressive growth and aims to provide medium to long term capital appreciation through investment in shares of quality companies and by focusing on well established large sized companies. Stated asset allocation will be minimum 85% in equity and maximum 15% in debt. By and large this fund delivers returns superior to the category average and occasionally comes at the top slot also. Bluechip fund was launched in November 1993. Mr.Anand Radhakrishnan and Mr.Anand Vasudevan are the fund managers. Energy, Financial services, Communication, Technology and Engineering are the top sectors in the portfolio.

Investors can buy the units of Franklin Bluechip given its long-term track record of delivering steady returns. Over one, three and five year timeframes, the fund has outperformed its benchmark, the BSE Sensex. The fund's large-cap focus may pay off in the current market environment as such stocks have better earnings visibility and limited volatility. After the slowdown of 2008-09, large-caps from the Sensex, Nifty and BSE-100 baskets have done better than the broader market.

FIBF can be considered for SIP by any investor based on its strong focus on large-cap stocks. Bluechip fund has the potential to bring stability to the overall portfolio and deliver stable long-term returns.

A performance comparison table between FIBF and its peer group is given below.

If you had invested Rs.5000/- per month in FIBF on the 1st of every month through Systematic Investment Plan,

FRANKLIN INDIA BLUECHIP FUND

SIP Performance

SIP (in Years)

Amount Invested

Present Value

CAGR(%)

3

180000.00

259138.33

25.22

5

300000.00

457639.10

16.94

7

420000.00

870080.26

20.46

10

600000.00

2531894.85

33.66

( NAV as on June 1, 2011: Rs.215.02)


RELIANCE GROWTH FUND

Reliance Growth fund(RGF) is a mid-cap fund with small exposure to large cap stocks. RGF is ideal for those investors who are seeking a higher exposure to mid-cap stocks for capital appreciation and growth and considerably lower exposure to debt markets for consistent returns through a research based investment approach.

The largest in its category in terms of assets, Reliance Growth is also the best performer when one looks at the 5-year period ended April 30, 2010. Ever since 2001, this fund has beaten the category average every single year. Mr. Sunil B Singhania is the fund manger since Jan 2004. Top 5 sectors in which the fund has invested are financial services, Health care, Diversified industries, Technology and Energy. Being an out performer in the market for many years Reliance growth fund can be a good pick for SIPs for long term.
Following table will give you the outcome of SIP if you had invested Rs.5000/- per month regularly.

RELIANCE GROWTH FUND

SIP Performance

SIP (in Years)

Amount Invested

Present Value

CAGR(%)

3

180000.00

236254.06

18.56

5

300000.00

424227.02

13.86

7

420000.00

886017.02

20.28

10

600000.00

3685864.38

33.66

( NAV as on June 1, 2011: Rs.451.77)