Fund Focus Mutual Fund Focus | January 16, 2010

Angel Broking- Mutual Fund Model Portfolios

Investors who want to participate in the capital markets for wealth creation but do not have the expertise to do so, or investors looking to diversify their investment portfolios, Mutual Funds are the best way of doing so. At Angel Broking we have designed five Mutual Fund model portfolios to suit investment needs of different types of investors based on their risk profile which can be Very Aggressive, Aggressive, Balanced, Moderate and Risk Averse.

Performance of Model Portfolios

Absolute Returns (%) as on 31st Dec 2009 Portfolio Models Portfolio 1 Month 3 Months 6 Months Super Aggressive Portfolio Benchmark Aggressive Portfolio Benchmark Balanced Portfolio Benchmark Moderate Portfolio Benchmark Conservative Portfolio Benchmark 0.92 0.68 2.47 1.46 7.88 5.48 21.33 18.89 1.37 0.89 2.55 1.52 10.55 6.72 32.66 23.40 2.49 1.94 3.95 1.87 16.90 13.27 51.20 49.96 3.34 2.88 5.09 1.96 22.46 18.84 66.94 74.55 3.86 3.08 6.33 1.93 27.05 20.05 84.00 81.00 Year 1 Year

Investment Analysis
Present Value of Rs.1 Lac Invested lumpsum since inception
200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Super Aggressive Aggressive Balance Moderate Conservative Lump Sum Investment Present Value 1.82 Lacs 1.65 Lacs 1.52 Lacs 1.32 Lacs 1.21 Lacs

Source: Angel Research; Note: Present value as on December 31, 2009

Key Analysis Angel Super Aggressive Portfolio has delivered 84% returns since inception and has outperformed Sensex its benchmark by 3% since inception (1 year). Aggressive Portfolio has given consistent returns since inception.

Source: Angel Research; Note: Returns based on Asset Allocation of respective Model Portfolios.

Model Portfolio Asset Allocation

Portfolio Model Portfolio Equity Fund Balanced Fund Income Fund Monthly Income Fund Floating Rate Fund Short Term Debt Fund Gilt Funds Liquid/Ultra Short Term Fund Total
Source: Angel Research

( % Asset Allocation ) Super Aggressive Balanced Moderate Conservative Aggressive 100 100 60 30 10 100 40 30 10 20 100 10 20 10 30 10 10 10 100 10 10 10 30 10 10 20 100

Balanced Portfolio has consistently outperformed its benchmark since inception. Moderate Portfolio has delivered 32% returns since inception and has outperformed its benchmark by 9.25% since inception (1 year). Conservative Portfolio has also consistently outperformed its benchmark since inception.

Disclaimer: Angel Broking Ltd is not responsible for any error or inaccuracy or any losses suffered on account of information contained in this report. Data source is MFI Explorer. Mutual Fund investments are subject to market risk. Please read the Scheme Information document carefully before investing.

For Private Circulation Only |

Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946

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Fund Focus Mutual Fund Focus | January 16, 2010

Angel Broking- Mutual Fund Model Portfolios

Portfolio Model Portfolio Schemes Particulars Funds Equity Funds Birla Sun Life Frontline Equity Fund - Plan A DSP BlackRock Top 100 Equity Fund Franklin India Prima Plus HDFC Top 200 ICICI Prudential Dynamic Plan Kotak 30 Reliance Growth SBI Magnum Sector Umbrella - Contra Sundaram BNP Paribas Select Focus Templeton India Growth Fund ICICI Prudential Index Fund Funds Balanced Funds DSP BlackRock Balanced Fund FT India Balanced Fund Sundaram BNP Paribas Balanced Fund - G Funds Income Funds Birla Sun Life Dynamic Bond Fund - Ret Funds Monthly Income Funds PRINCIPAL M I P Plus HDFC Multiple Yield Fund DSP BlackRock Savings Manager Fund Moderate Floating Rate Funds Funds Birla Sun Life Floating Rate Fund - LTP Term Funds Short Term Debt Funds Birla Sun Life Short Term Fund Funds Gilt Funds ICICI Prudential GFIP Templeton India GSF - LTP -6.57 1.50 3.50 3.50 5.16 6.58 8.17 4.86 13.70 12.99 20.67 21.13 12.99 12.99 7.45 3.50 71.01 48.65 64.98 52.86 48.65 48.65 90.45 77.13 73.10 94.46 79.93 66.71 97.40 90.55 65.52 104.70 75.57 88.51 85.04 88.51 90.67 75.76 75.76 85.04 85.04 75.76 81.03 75.76 1 Year Performance (Returns %) Year Performance Scheme Benchmark
160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Super Aggressive Aggressive Balance SIP Investment Present Value Moderate Conservative

Monthly SIP Investment Analysis

Present Value of Rs.1 Lac Invested since inception through SIP
1.45 Lacs 1.36 Lacs 1.28 Lacs 1.17 Lacs 1.12 Lacs

Source: Angel Research;

Note: Present value as on December 31, 2009

Rebalancing - Mutual Fund Model Portfolios

Angel Mutual Fund Model Portfolio was launched in the month of January 2009 when valuations were very attractive. But in current market scenario, where markets are volatile and fairly valued, allocating certain portion of your investments in cash & equivalent instruments such as liquid and ultra short term funds would be an Ideal strategy. Based on the equity & debt market outlook following rebalancing is done in the model portfolios.

Model Portfolios - Changes in Asset Allocation (%)

New Category Introduced Ultra Short Term Fund (Introduced in all Model Portfolios) Weightage Increased Monthly Income Fund Allocation 5% Allocation 5%

(Allocation increased in the respective Model Portfolios) Weightage Reduced Gilt Fund Equity Fund Allocation 10 % 5%

(Allocation decreased in the respective Model Portfolios) (Allocation decreased in the Super Aggressive, Aggressive and Balanced Model Portfolios) New Schemes Introduced Reliance MIP - Monthly Income Fund Fortis Money plus Fund - Ultra Short Term Fund

Source: Angel Research; Note: All Returns are calculated on Absolute basis as on 31st December 2009 Disclaimer: Angel Broking Ltd is not responsible for any error or inaccuracy or any losses suffered on account of information contained in this report. Data source is MFI Explorer. Mutual Fund investments are subject to market risk. Please read the Scheme Information document carefully before investing.

For Private Circulation Only |

Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946

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