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Fundcard

HDFC Top 200


Value Research Fund Rating as on Jul 31, 2011

Open-end and Equity: Large & Mid Cap

Risk Grade

Below Average

Return Grade High NAV Net Assets Rs. 206.75 as on Aug 2, 2011 Rs. 10507.6 crore as on Jun 30, 2011

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment decision or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card. The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatsoever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements, opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics, statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.

HDFC Top 200


Rating: Risk: Below Average Return: High
Fund (Rebased to 10,000)
S&P CNX Nifty

Fund Performance Vs S&P CNX Nifty

History
NAV (Rs) Total Return (%) +/- S&P CNX Nifty +/- BSE 200 Rank (Fund/Category) 52 Week High (Rs) 52 Week Low (Rs) Net Assets (Rs.Cr) Expense Ratio (%)

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

13.66 -10.13 6.05 11.81 5/23 30.40 -

17.23 26.13 22.88 10.66 1/26 17.28 13.57 67.48 2.50

40.40 134.47 62.57 39.99 6/35 40.40 16.61 630.99 2.50

51.52 27.52 16.84 11.83 10/27 51.52 32.99 623.82 2.25

79.98 55.25 18.91 21.45 3/31 79.98 47.07 875.58 2.21

109.92 37.44 -2.39 -2.14 19/41 111.21 73.82 1736.55 2.13

169.79 54.46 -0.31 -5.98 26/48 169.79 97.94 2586.77 1.93

92.80 -45.35 6.44 11.11 5/59 173.74 81.60 2024.15 1.87

180.46 94.46 18.70 5.95 10/61 180.46 78.47 6066.31 1.89

225.66 25.05 7.10 8.83 4/65 236.07 168.44 9903.57 1.80

206.75 -8.38 2.67 3.13 28/72 226.59 194.26 1.78

Top Holdings
Company Sector P/E YTD % Assets

Quarterly Returns (%)


Q1 Q2 Q3 Q4 Year

State Bank of India ICICI Bank Infosys Technologies ITC Reliance Industries Tata Consultancy Services Bank of Baroda Coal India Bharti Airtel Titan Industries Tata Motors DVR Axis Bank Tata Steel HDFC GAIL HDFC Bank ONGC Oil India NTPC Hindustan Unilever Cipla Sun Pharmaceutical Inds. BPCL Crompton Greaves Larsen & Toubro

Financial Financial Technology FMCG Energy Technology Financial Energy Communication Cons Durable Automobile Financial Metals Financial Energy Financial Energy Energy Energy FMCG Healthcare Healthcare Energy Engineering Diversified

18.00 23.20 23.80 30.70 12.80 27.50 7.80 52.20 21.50 41.20 15.40 7.90 27.50 16.00 27.10 11.90 9.80 15.60 29.20 25.70 36.00 15.40 15.90 27.10

-19.01 -10.72 -20.09 17.31 -21.09 -2.95 -3.33 26.26 20.55 26.70 -31.73 -0.47 -16.94 -5.94 -9.83 3.08 -14.74 -8.55 -9.95 3.55 -15.27 8.29 -0.28 -47.04 -12.40
FUND STYLE Investment Style

6.86 6.43 5.88 4.56 4.13 3.95 3.47 3.19 2.91 2.54 2.24 1.97 1.96 1.84 1.83 1.79 1.73 1.69 1.64 1.59 1.57 1.43 1.40 1.39 1.39

2011 2010 2009 2008 2007

-4.62 1.81 -0.27 -22.53 -4.93

-1.41 5.92 55.33 -12.25 15.15

15.50 19.48 2.89 16.75

0.40 5.06 -21.86 20.86

25.05 94.46 -45.35 54.46

Trailing Returns (%)


Return Fund Category Rank Fund/Cat S&P CNX Nifty SIP Return

Year-to-Date 28/72 -11.05 -8.38 -8.99 3-Month -2.97 -2.41 48/73 -4.29 6-Month 34/72 0.45 1.87 1.39 1-Year -0.36 21/72 2.49 0.46 2-Year 8.48 14.90 10.81 11/67 3-Year 6/61 17.72 10.40 7.33 5-Year 11.93 18.59 11.39 2/44 7-Year 26.98 20.93 2/27 18.75 10-Year 31.63 24.13 2/17 17.74 Return less than 1-year are absolute and over 1 year are annualised

11.31 4.36 -2.69 8.69 24.21 17.41 20.97 29.47

Top 10 Sector Weights (%)


Fund Nifty

Risk Analysis
Volatility Measurements

Portfolio Characteristics
Total Stocks Avg Mkt Cap (Rs.Cr) Portfolio P/B Ratio Portfolio P/E Ratio 3Y Earnings Growth (%) 67 50504 5.25 24.72 -

Growth Blend Value

Financial Energy Technology FMCG Healthcare Automobile Metals Engineering Communication Cons Durable

25.50 21.08 11.24 8.53 7.90 4.56 4.18 3.08 2.91 2.54

26.99 17.88 13.80 8.47 3.72 7.05 7.81 2.36 3.18 -

Standard Deviation Sharpe Ratio Beta R-Squared Alpha

28.90 0.59 0.92 0.95 9.62

Returns as on Returns as on August 2, 2011, Portfolio related data as on June 30, 2011

Large Medium Small

Composition (%)
Equity Debt Cash 96.32 0.00 3.68

Capitalisation

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Best Performance
YEAR 154.57%

Value Research Analysis


This fund invests in stocks drawn from the companies in the BSE 200 Index as well as 200 largest capitalised companies in India. With equity exposure up to 90 per cent, the fund manages to achieve capital appreciation over time. We like this fund for its solid long-term record and skilled management that makes it the best performer over the past 5-years with an over 23 per cent return. In the 14-year history of this fund; it has consistently proven itself barring 1999 when the high exposure to FMCG and Healthcare backfired in the Tech-dominated rally. Again, between June 2007 and January 2008, the fund underperformed the markets. In 2006, it was the high exposure to defensive sectors that pulled it down, the fall in 2007 was due to offloading Energy when the sector was going great. Jain also missed the Real Estate and Utilities boom in this period. Jain admits he stayed away from Real Estate because he did not understand the business. While he does like growth and quality, he wouldnt overpay for growth has been his argument. In 2008, the funds success in standing upright in a bear market, without resorting to debt or high cash levels, was a testimony to the managers skill. The large-cap bias and exposure to FMCG and Healthcare restricted the fall to just 45 per cent, around 11 per cent less than BSE 200 and 8 per cent lower than the category average. But it was in 2009 that Jain silenced his critics by outperforming the category by 14 per cent. This was achieved by being overweight in Auto, Banking, where his bet on SBI paid handsomely. He also reduced exposure to Power Utilities and Energy and reduced significant exposure to RIL, which helped boost performance. Our View A quality portfolio and a manager who sticks to his conviction, irrespective of whoever else is playing the momentum game, is a mark of this fund. Investors may fret occasionally but Jain has a knack of rewarding investors who stick with the fund. The portfolio of 60 stocks is logical given its size.

Fund Objective & Strategy


The scheme seeks capital appreciation and would invest up to 90 per cent in equity and the remaining in debt instruments. Also, the stocks would be drawn from the companies in the BSE 200 Index as well as 200 largest capitalised companies in India.

QUARTER

88.14%

MONTH

33.09%

Portfolio Manager
Prashant Jain Since Jan 2002

Worst Performance
YEAR -48.09%

Miten Lathia Since Aug 2010

QUARTER

-42.90%

MONTH

-30.45%

Investment Information
AMC Website Registrar Launch Benchmark Plans (NAV) : HDFC Asset Management Company Ltd : www.hdfcfund.com : Computer Age Management Services Ltd. : September 1996 : BSE 200 : Dividend (44.76) , Growth (206.75) Min Investment (Rs.) : 5000 Min SIP Investment (Rs.) : 500 Entry Load : Nil Exit Load : 1% for redemption within 365 days

All the graphs are rebased to 10,000

NAV

S&P CNX Nifty

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How to Read the Fundcard - Equity


Value Research Rating, Risk and Return
Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the previous three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type. Risk Grade A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to other fund of the same type. Returns Grade A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Data on the funds performance since its launch. NAV (Year End) The last NAV of each year. Total Return The percentage returns that an investor would have got over the year. +/- In the given year, a comparison of the funds returns with that of two stock market indices Rank The funds performance rank within its category for the year and the total number of funds out of which it has been ranked. 52-Week NAV Range The highest and the lowest NAV that the fund recorded during that year Net Assets The total amount of investors assets that the fund was managing at the end of the year. Expense Ratio The percentage of the average daily assets that the fund charged as its management expenses during the year.
Birla Sun Life Frontline Equity Fund
Rating: Risk: Low Return: Above Average
Fund S&P CNX Nifty (Rebased to 10,000)

Fund Performance Vs Index


Graph of how an investors money would have grown in the fund since its launch. A similar graph of the funds benchmark index is also given. For ease of comparison, both have been adjusted to start at 10,000.
2001 2002 2003 2004 2005 2006 2007 2008

Fund Performance Vs S&P CNX Nifty


90000 70000 50000 30000 10000

History
NAV (Rs) Total Return (%) +/-S&P CNX Nifty (%) +/-BSE 200 (%) Rank (Fund/Category) 52 Week High (Rs) 52 Week Low (Rs) Net Assets (Rs.Cr) Expense Ratio (%)

1998

1999

2000

10.33 10.33 8.84 51.40 2.49

19.71 90.80 18.90 -3.67 54/70 19.71 9.91 15.15 2.50

23.94 21.46 10.78 5.77 50/79 23.94 16.36 9.11 2.50

33.94 41.77 5.43 7.97 65/101 33.94 22.34 140.54 2.50

50.13 47.70 7.87 8.12 27/145 50.76 32.26 124.74 2.50

81.34 62.26 7.49 1.82 71/162 81.46 46.06 374.84 2.35

41.89 -48.50 3.29 7.96 34/192 83.52 36.49 343.03 2.31

Top Holdings
Company Sector P/E 2008 Ret % Assets

Quarterly Returns (%)


Q1 Q2 Q3 Q4 Year

Quarterly Returns (%)


-14.18 14.53 -7.25 6.52 -13.50 -2.23 16.01 19.39 23.26 15.08 -18.97 23.88 11.70 8.02 21.15 -48.50 62.26 47.70 41.77 21.46

Top Holdings
A detailed report on the latest investment portfolio that the fund is holding. For each company, the sector, the P/E ratio, and the years returns are given. Also stated is the percentage of the funds investments that are invested in that company.

Bharti Airtel Reliance Industries ONGC HDFC Bank HDFC Satyam Computer Services ITC Axis Bank Infosys Technologies United Spirits ICICI Bank Dr. Reddy's Lab State Bank of India Crompton Greaves Indian Oil Cipla Sterlite Industries Reliance Communications Jindal Steel & Power Larsen & Toubro Zee Entertainment CESC Tata Consultancy Services ING Vysya Bank Nestle India

Communication Energy Energy Financial Financial Technology FMCG Financial Technology FMCG Financial Health Care Financial Engineering Energy Health Care Metals Communication Metals Diversified Services Energy Technology Financial FMCG

18.56 11.50 8.31 20.67 17.10 7.86 21.00 10.42 14.29 23.26 9.49 13.61 9.39 12.29 -22.87 11.81 22.87 7.07 17.65 16.01 6.21 12.79 8.89 26.11

-28.10 -57.30 -46.00 -42.26 -48.21 -62.12 -18.47 -47.82 -36.79 -55.48 -63.62 -36.12 -45.67 -65.84 -46.33 -12.09 -74.80 -69.56 -70.31 -62.88 -57.45 -62.11 -55.87 -50.78 -3.14

6.49 5.42 4.50 3.93 3.51 3.16 2.72 2.70 2.64 2.34 2.26 2.19 2.13 2.12 1.95 1.70 1.61 1.51 1.46 1.43 1.41 1.37 1.36 1.35 1.23

2008 2007 2006 2005 2004

-24.24 -1.42 19.42 -0.04 0.71

The funds returns over each quarter of the last five years, along with the entire years returns.

Trailing Returns (%)


Fund Return Category Rank Fund/Cat S&P CNX Nifty SIP Return

Year-to-Date -48.50 -55.29 34/192 -51.79 3-Month -18.97 -22.88 41/213 -24.53 6-Month -20.78 -27.09 38/209 -26.76 1-Year -48.50 -55.29 34/192 -51.79 2-Year -8.59 -16.06 22/158 -13.63 3-Year 7.27 -1.39 12/134 1.42 5-Year 16.27 12.91 19/67 9.50 7-Year 10-Year Return less than 1-year are absolute and over 1 year are annualised

-40.18 -0.86 -33.43 -40.18 -24.19 -9.43 9.90 -

Trailing Returns (%)


Performance data for various standard periods. All returns are in percentage. Periods greater than a year are annualised, shorter periods are not. Fund The funds own returns. Category The average returns for all funds in the category. Rank The funds rank, out of the total number of funds in the category Index The returns of the funds benchmark index. SIP Return (Annualised) The return that an investor would have made by investing in the funds monthly systematic investment plan over the period.

Top 10 Sector Weights (%)


Fund Nifty

Risk Analysis
Volatility Measurements

Portfolio Characteristics
Total Stocks Avg Mkt Cap (Rs.Cr) Portfolio P/B Ratio Portfolio P/E Ratio 39 28180 3.03 13.70

Growth Blend Value

FUND STYLE Investment Style


Large Medium Small

Financial Energy Communication Technology FMCG Health Care Engineering Metals Services Diversified

16.24 14.67 8.00 7.16 6.29 5.00 4.01 3.07 2.93 1.43

11.90 37.49 11.34 10.95 6.85 2.74 5.26 4.43 0.28 2.97

Standard Deviation Sharpe Ratio Beta R-Squared Alpha

28.32 0.21 0.88 0.96 4.77

Composition (%)
Equity Debt Cash 71.37 18.46 10.17

3Y Earnings Growth (%) 9.80 Returns as on 31st December 2008, Portfolio related data as on 30th November 2008

Capitalisation

Portfolio Characterstics
Aggregate measures regarding the funds investments. The market capitalisation, P/B ratio and P/E ratio are weighted averages of the latest numbers of the companies that the fund is invested in. Three Year Earnings Growth is the weighted average of the compounded average growth in the net profits of each company.

Fund Style
A nine-cell matrix of the overall style of investment that the fund follows, based on its latest portfolio. On the vertical axis, the three steps denote the weighted average market capitalisation of the funds investments. The horizontal axis denotes, on a weighted average basis, whether the companies that the fund has invested in are value stocks, growth stocks, or a blend of the two.

Top 10 Sector Weights (%)


The percentage of the equity investments of the fund that fall under each sector of the economy. The top 15 sectors for each fund are given.

Composition (%)
The proportion of the funds holdings that are held in each of the three basic types of assets.

Risk Analysis
A range of statistical measures that can be used to evaluate the performance, risk, and return of a mutual fund.

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