FACT SHEET
Assets Under Management Rs. 34,158.02 Crore (As on August 31,
2006)
Past performance is no guarantee of future results. For Award
details please see the back cover.
3
Nilesh Shah Chief Investment Officer
Fixed Income Market Snapshot Impact on Interest Rates
FACTORS Short Term Medium Term (1-3 Months) (3-6 Months)
INFLATION Neutral Neutral
Inflation for the week ended Aug 19 accelerated to 4.91%, higher
than the market expectations. In its Annual report, the RBI kept
the inflation forecast unchanged at 5.0- 5.5%. It warned that
inflationary pressures remain due to incomplete pass-through of oil
prices and the extreme volatility witnessed in the international
crude prices over the last one year. We expect inflation to remain
within the comfort zone of the RBI till year- end.
MONEY SUPPLY NEUTRAL NEGATIVE
Money Supply (M3) outstanding as on Aug 18, '06 was up 19.9% YoY at
Rs.28.2 trillion, which is well above the RBI's projected rate of
15% for FY07. The money supply growth has been constantly on the
higher side, which could be a cause of concern for the RBI when it
announces its Monetary Policy Review in Oct '06. Higher fiscal
spending has increased money supply in 1H FY07. We expect tighter
liquidity in 2H FY07.
Credit Demand NEGATIVE NEGATIVE
The credit offtake continued unabated with credit-deposit ratio at
around 70%. Non-food credit grew by 33% YoY, exceeding the central
bank's target of 20% for the current financial year. There was a
54% jump in housing loans in the April-June '06 quarter, despite a
200 bps rise in lending rates over the last one year. Strong credit
demand will keep pressure on liquidity in 2H FY07.
Government Borrowings NEUTRAL NEGATIVE
The Government auctioned Rs.17000 Cr of debt, as per the borrowing
calendar. In addition to this, four Indian states raised State
Development Loans worth Rs.1050 Cr at a cut-off yield of 8.11%.
Rising fiscal deficit, which was at 52.3% of the budgetary estimate
at the end of June'06, has been a cause of concern. The Ministry of
Finance, however, has assured that the government would stick to
its borrowing programme.
Foreign Exchange Market NEUTRAL NEUTRAL
The fall in crude prices and expectations of a pause in the US
Fed's rate rising campaign allowed the rupee to strengthen during
the month. Renewed buying by the FIIs also added to the positive
market sentiment. We expect forex market to behave in an orderly
fashion with no material impact on money markets.
RBI Policy NEUTRAL NEGATIVE
The Reserve Bank of India expects the growth momentum seen in
recent years to continue in FY07. The RBI also reiterated that
containing inflationary expectations would continue to pose a
challenge to monetary management. We expect the RBI to maintain an
interest rate stance, which will keep credit, especially for real
estate and speculative business under check.
Market Sentiment POSITVE NEUTRAL
Indian bonds rose to their 3-month high as the yield of the 10-year
G-Sec hit a low of 7.88%. Easy liquidity coupled softer yields on
US Treasuries fueled the bullish sentiment. Heightened expectations
that the RBI may leave interest rates unchanged on the back of US
Fed pause ensured a bullish sentiment.
OUTLOOK
Most Central Banks across the globe have paused to assess the
effect of the monetary tightening, for the fear of over-tightening.
We expect the RBI to behave in line with global trends. We had
recommended entry in income funds at 8.25%-8.50% yield on 10 year
Gilt in the previous month. Although the rapid decline in yields
was unexpected, we do not expect the rates to further decline from
current level on a sustained basis. We recommend investors to
invest in debt funds on an asset allocation basis for less volatile
returns.
FACTORS
Fundamentals
India's exports grew faster at 35% y-o-y compared to imports that
grew at 24% in July 2006 despite oil imports growing 33% y-o-y.
Trade deficit increased marginally to $3.96 bn. FDI inflows in
first four months are $1.74 bn, up 47% from last year. Quarterly
IIP growth rate declined to 10.1% as mining and electricity showed
lackluster growth. Manufacturing, on the other hand, clocked a
healthy 10.5% growth y-o-y.
Monsoon was uneven with Western part of the country receiving
excess rainfall and Eastern India showing below normal rainfall.
The comforting factor was softer crude prices, down from the high
of $78/bbl to $69 during the month backed by Lebanon cease fire and
receding threat of hurricanes. Indian crude basket price also
dropped to $65, down from an all time high of $75. in the first
week of August.
Technicals
Market Sentiments
Sensex continued its northward journey clocking 8.9% gain over last
month. The month started on a positive note with the US Fed pausing
the interest rate hike. The positive sentiment continued as The
FIIs continued aggressive buying absorbing the supply from domestic
investors and IPOs. FII's were net buyers to the tune of $1.04 bn
($303 mn in July '06). MF's remained marginal buyers with net
buying of $92 mn (- $17 mn in July '06). Roll- over was smooth at
the month end as 72% of August contracts were rolled over to the
September series.
Global Events
US markets rallied as data released during the week helped quell
concern that the economy will suffer from a steep slowdown.
Although, it wasn't strong enough to suggest growing inflationary
pressures, it reinforced the view that economic expansion is
moderating and may limit inflation. The housing sector, being the
most interest rate sensitive, has shown clear signs of cooling off.
The Bank of Japan kept the interest rates unchanged as it will
watch the effect of the US slowdown. Nikkei and other Asian markets
showed strong correlation with the US data, with export companies
likely to get impacted by a suspected slowdown in the US.
Fluctuations in Yuan during the month were the largest since its
depeg against the dollar in July 2005. The ECB left its key lending
rate unchanged, while maintaining that 'strong vigilance' is needed
on inflation risks. The ECB has been trying to curb inflation that
is forecast to exceed its 2% target.
OUTLOOK
Positive fundamentals like US Fed rate pause and softer crude along
with liquidity drove the market last month. Going forward, the
direction of the market would be determined by the outcome of next
FOMC meeting, crude price trend and second quarter results. Also,
as Q2FY07 draws to a close, investors will be ready to discount
FY08 earnings. The IPO supply is building up with more than 200
IPOs in the pipeline. The valuations are above fair value on FY07
basis and prices look perfect.
Therefore our recommendation to investors is as follows;
In a fairly plus valued market, maintain little less than neutral
allocation towards equities (Please refer "Guide to Asset
Allocation").
Avg Daily Volumes(Rs. Cr.) Jul-06 Aug-06 CASH Segment BSE 2512 2718
NSE 5663 5946 Total 8175 8664 Derivative Segment NSE 22778 21348
BSE Total 22778 21348 Avg Advance Decline Ratio BSE Ratio 1.68 1.63
NSE Ratio 1.52 1.7
Sectoral Indices % change % change Performance Jun-Jul 06 July-Aug
06 BSE Metals -7.79 3.82 BSE FMCG -3.54 7.92 BSE Teck Index 4.69
9.08 BSE Healthcare 3.03 9.67 BSE PSU 2.06 9.98 BSE Capital Goods
-0.24 10.04 BSE Auto -5.83 10.45 Bankex 9.93 11.02 BSE Consumer
Durables -1.06 11.82 BSE Oil & Gas -4.59 12.12
Investments by Jul-06 Aug-06 Institutions (Rs. Crs.) FIIs (Net
Purchases / Sales) 1394 4775 MFs (Net Purchases / Sales) -80 425
Avg Daily Open Interest Jul-06 Aug-06 (Rs. Cr.) Index Futures 7751
8610 Stock Futures 11815 13459 Index Options 4903 6913 Stock
Options 1335 1740 Total 25804 30722
Valuation Ratios Jul-06 Aug-06
Dividend Yield-Sensex 1.43 1.36
Dividend Yield-Nifty 1.58 1.47
Performance Record *- Growth Option
*Returns < 1Year : Absolute, > = 1Year : CAGR Benchmark is
^Nifty Junior Index. For computation of returns the allotment NAV
has been taken as Rs. 10.00. Past performance may or may not be
sustained in future.
PruICICI Fusion Fund Diversified Fund (Close - Ended)
Snapshot: Fund Manager : Anil Sarin Indicative Investment Horizon:
5 yrs and more Inception date: 25-03-2006 Fund Size: Rs. 591.71
crores NAV (As on 31-Aug-06):
Growth option : Rs. 10.10 Dividend option : Rs. 10.10
**Expense Ratio for the month of Aug'06: Retail option : 2.12%
Institutional option-I : 1.00%
**This is a close approximation of the number.
Style Box
Large
Mid
Small
*Pertains to the equity investments only.
WHY SHOULD ONE INVEST? Exploit the long-term investment potential
of equity
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAV Auto
Ancillaries 2,301.01 3.90%
• Amtek India Ltd 1,890.53 3.20% Rico Auto Industries Ltd 310.74
0.53% Sundram Fastners Ltd 99.74 0.17% Banks 106.36 0.18% Punjab
National Bank Ltd 106.36 0.18% Cement 160.68 0.27% Ramco Industries
Ltd 160.68 0.27% Construction 6,794.19 11.49%
• Mahindra Gesco Developers Ltd 2,849.03 4.81% IVRCL Infrastructure
& Projects Ltd 855.10 1.45% Orbit Corporation Ltd 843.75 1.43%
Jai Prakash Associates Ltd 770.18 1.30% Unity Infraprojects Ltd
755.20 1.28% Ansal Housing & Construction Ltd 720.93 1.22%
Consumer Non-Durable 3,171.56 5.36%
• ITC Ltd 2,106.50 3.56% Triveni Engineering & Industries Ltd
634.60 1.07% Synergy Multibase Ltd 347.46 0.59% Shrenuj &
Company Ltd 83.00 0.14% Ferrous Metals 1,570.81 2.65% Kalyani
Steels Ltd 1,570.81 2.65% Industrial Capital Goods 5,349.42
9.04%
• Aban Lloyd Chiles Offshore Ltd 2,357.58 3.98% Bharat Earth Movers
Ltd 1,111.84 1.88% Bharat Bijlee Ltd 817.10 1.38% Jyoti Ltd 631.40
1.07% Gei Hamon Industries Ltd 431.50 0.73% Industrial Products
4,539.47 7.68%
• Jain Irrigation Systems Ltd 2,939.48 4.97% AIA Engineering Ltd
868.24 1.47% Enkei Castalloy Ltd 731.75 1.24% Media &
Entertainment 3,575.08 6.04%
• Deccan Chronicle Holdings Ltd 2,645.34 4.47% Jagran Prakashan Pvt
Ltd 830.77 1.40% Crest Communication Ltd 98.97 0.17% Pesticides
1,989.14 3.36% United Phosphorus Ltd 1,278.39 2.16% Rallis India
Ltd 710.75 1.20% Petroleum Products 4,145.99 7.01%
• Reliance Industries Ltd 4,145.99 7.01% Pharmaceuticals 5,123.20
8.66%
• Elder Pharmaceuticals Ltd 2,536.81 4.29% • Cadila Healthcare Ltd
2,026.58 3.42%
Torrent Pharmaceuticals Ltd 559.81 0.95% Software 4,922.46
8.32%
• Zenith Infotech Ltd 2,115.46 3.58% Subex Systems Ltd 1,240.30
2.10% Megasoft Ltd 1,161.90 1.96% Mphasis BFL Software Ltd 404.80
0.68% Textiles - Products 2,593.78 4.38% Siyaram Silk Mills Ltd
1,384.85 2.34% Kewal Kiran Clothing Ltd 1,208.93 2.04% Textiles -
Synthetic 46.35 0.08% Sarla Polyester Ltd 46.35 0.08%
Transportation 18.01 0.03% Shreyas Shipping Ltd 18.01 0.03% Nifty
Futures 3,841.35 6.49% Term Deposits 2,165.20 3.66% ICICI Bank
2,165.20 3.66% Cash, Call, CBLO & Reverse Repo 8,538.93 14.43%
Other Current Assets (1,781.90) -3.03% Total Net Assets 59,171.09
100.00%
• Top Ten Holdings
Sector Allocation*
Quantitative Indicators:
Average P/E : 23.98 Average Dividend Yield : 0.59 Average P/BV :
4.69 Annual Portfolio Turnover Ratio : 0.96 times Portfolio
turnover has been computed as the ratio of the higher value of
average purchase and average sales, to the average net assets in
the past one year (since inception for schemes that have not
completed a year). The figures are not netted for derivative
transactions.
Do not try to time the market, as the market may remain volatile
for some more time.
Both - the economy and the corporate sector are doing well but the
valuations are rich and do not leave any scope for
disappointment.
Asset allocation and systematic investment plans are the best way
to safeguard against volatility. They ensure optimal returns and
not the maximum return in volatile markets.
Mid cap stocks are attractively priced when compared to their large
cap peers. So, investing in select mid-caps is advised.
MARKET CHEAP ATTRACTIVE FAIR
Over Invested Neutral +
Valuation levels of the Sensex based n FY07 earnings estimate of
Rs.650 Suggested Equity Allocation (Assuming 50% equity allocation
as neutral)
8000
9000
10000
11000
12000
13000
STRETCHED 19X -20X
1.00%
-6.12%-7.00% -6.00% -5.00% -4.00% -3.00% -2.00% -1.00% 0.00% 1.00%
2.00%
Since Inception
11.49% 9.04%
8.66% 8.32%
7.68% 7.01%
6.04% 5.36%
4.38% 3.90%
3.36% 2.65%
Textiles - Products Auto Ancillaries
Textiles - Synthetic Transportation
Investors should look at a mix of large and mid cap funds for 3-5
years horizon on systematic investment basis.
We expect markets to display higher volatility as IPO supply
creates pressure on demand.
Asset Allocation Guide
This asset allocation guide helps you to determine the suggested
equity exposure at different valuations levels based on the
Sensex.
5
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 202.77 13,932.33 37.09% 3 Year SIP
30-Sep-03 36,000.00 978.61 67,240.29 47.57% 5 Year SIP 28-Sep-01
60,000.00 2,890.26 198,589.76 51.51% Since Inception 1-Oct-94
144,000.00 11,879.47 816,238.38 26.79%
Fund Manager's Comment
The fund maintained increased its average equity exposure to 90%,
compared to 82% last month. Exposure to Auto was increased, with
the festival season approaching and likelihood of sales picking up.
Holdings in Cement and construction companies were increased with
the building activity picking up as the monsoon draws to a close.
The Fund also increased positions in Pharma- ceuticals, Software
and Media. The fund booked profits in banks and finance
stocks.
PruICICI Power Diversified Fund
Snapshot:
Fund Manager : Anil Sarin Indicative Investment Horizon: 5 yrs
& more Inception date: 01-10-1994 Fund Size: Rs. 1,400.10
crores NAV (As on 31-Aug-06):
Cumulative option: Rs. 68.71 Dividend option : Rs. 18.62
**Expense Ratio for the month of Aug'06: Retail option : 2.11%
Institutional option- I : 1.00%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation
in a concentrated multi sector portfolio
Performance Record* - Cumulative Option
Rs. 10000 invested at inception: Power Plan Vs S&P CNX
Nifty
CAGR – Power :17.54%; Benchmark : 8.50% Past performance may or may
not be sustained in future.
Sector Allocation*
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Quantitative Indicators:
Average P/E : 17.14 Average P/BV : 3.39 Average Dividend Yield :
1.05 Annual Portfolio Turnover Ratio : 2.16 times
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAVStyle
Box
Figures as on 31-Aug, 2006
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions. ^ Risk-free rate based on the JP Morgan 3 month
T-Bill Index.
Auto 8,453.12 6.04% • Maruti Udyog Ltd 4,913.14 3.51%
Mahindra & Mahindra Ltd 3,539.98 2.53% Auto Ancillaries
2,768.95 1.98% Amtek Auto Ltd 2,768.95 1.98% Banks 12,385.21
8.84%
• State Bank of India Ltd 5,298.74 3.78% • Punjab National Bank Ltd
4,056.64 2.90%
Bank of Baroda Ltd 2,344.98 1.67% Kotak Mahindra Bank Ltd 684.85
0.49% Cement 12,467.93 8.91%
• Grasim Industries Ltd 4,165.51 2.98% Century Textiles &
Industries Ltd 3,015.95 2.15% Associated Cement Companies Ltd
2,491.91 1.78% JK Cements Ltd 2,364.31 1.69% Ambuja Cement Eastern
Ltd 430.25 0.31% Construction 2,615.10 1.86% Jai Prakash Associates
Ltd 2,569.01 1.83% Patel Engineering Ltd 46.09 0.03% Consumer
Non-Durable 8,399.24 6.01%
• ITC Ltd 3,849.97 2.75% Triveni Engineering & Industries Ltd
2,319.23 1.66% Ruchi Soya Industries Ltd 1,157.84 0.83% Balrampur
Chini Mills Ltd 1,072.20 0.77% Ferrous Metals 3,145.00 2.24% Jindal
Steel & Power Company Ltd 1,854.71 1.32% Usha Martin Ltd
1,290.29 0.92% Finance 257.93 0.18% Housing Development Finance
Corporation Ltd 257.93 0.18% Industrial Capital Goods 17,537.14
12.53%
• Bharat Heavy Electricals Ltd 3,804.52 2.72% Bharat Electonics Ltd
3,465.04 2.47% Siemens India Ltd 2,949.85 2.11% Thermax Ltd
2,817.96 2.01% Larsen & Toubro Ltd 2,403.75 1.72% Bharat Earth
Movers Ltd 2,096.02 1.50% Industrial Products 4,484.30 3.20% AIA
Engineering Ltd 2,615.45 1.87% Jain Irrigation Systems Ltd 1,868.85
1.33% Media & Entertainment 5,779.52 4.12%
• Deccan Chronicle Holdings Ltd 3,674.26 2.62% Zee Telefilms Ltd
2,105.26 1.50% Non-Ferrous Metals 2,903.06 2.08% Hindalco
Industries Ltd 2,137.08 1.53% Sterlite Industries (India) Ltd
765.98 0.55% Oil 1,388.06 0.99% Oil & Natural Gas Company Ltd
1,388.06 0.99% Paper 1,864.99 1.33% Ballarpur Industries Ltd
1,864.99 1.33% Pesticides 3,062.75 2.19% United Phosphorus Ltd
3,062.75 2.19% Petroleum Products 11,117.58 7.94%
• Reliance Industries Ltd 11,117.58 7.94% Pharmaceuticals 4,243.88
3.03% Plethico Pharmaceuticals Ltd 1,515.78 1.08% Dr. Reddys
Laboratories Ltd 1,444.70 1.03% Wyeth Lederle Ltd 1,283.40 0.92%
Power 3,135.65 2.24% National Thermal Power Corporation Ltd
1,997.05 1.43% PTC India Ltd 1,138.60 0.81% Software 9,196.86
6.57%
• Tata Consultancy Services Ltd 3,712.19 2.65% HCL Technologies Ltd
3,468.61 2.48% Infosys Technologies Ltd 1,870.92 1.34% Tech
Mahindra Ltd 145.14 0.10% Textiles - Products 4,414.41 3.16% Aditya
Birla Nuvo Ltd 2,374.84 1.70% Raymond Ltd 2,039.57 1.46%
Transportation 5,542.76 3.96%
• Great Eastern Shipping Co. Ltd 3,651.54 2.61% Containers
Corporation of India Ltd 1,891.22 1.35% Nifty Futures 1,532.45
1.09% Term Deposits 2,400.00 1.71% ICICI Bank 2,400.00 1.71% Cash,
Call, CBLO & Reverse Repo 14,445.67 10.32% Other Current Assets
(3,531.11) -2.52% Total Net Assets 140,010.45 100.00%
• Top Ten Holdings
Std Dev : 7.34 Sharpe Ratio^ : 0.41 Portfolio Beta : 0.97 R squared
: 0.85
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001, 2003 &
2005.
10.36%
Last 6 Months
Last 1 years
Last 3 years
Last 5 years
Rs 68710.00
Rs 25953.726,056 16,056 26,056 36,056 46,056 56,056 66,056 76,056
86,056
O ct
-9 4
Ju l-9
12.53%
Oil
Finance
6
SIP Returns: As on 31 Aug, 2006 Period SIP Start Date Total Amount
Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 265.93 14,052.51 39.53% 3 Year SIP
30-Sep-03 36,000.00 1,360.95 71,916.54 53.32% Since Inception
31-Oct-02 47,000.00 2,316.20 122,394.72 54.73%
Fund Manager's Comment The fund maintained increased its average
equity exposure to 91%, compared to 82% last month. Holdings in
Banks, Pharmaceuticals, Construction, Media and Capital Goods were
increased significantly. The fund booked some profits in Auto,
Ferrous and Non-Ferrous Metals.
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2002, 2003 &
2005.
Quantitative Indicators: Average P/E : 17.90 Average P/BV : 3.43
Average Dividend Yield : 0.97 Annual Portfolio Turnover Ratio :
2.28 times
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to
NAVSnapshot:
Fund Manager : Anil Sarin Indicative Investment Horizon: 3 yrs
& more Inception date: 31-10-2002 Fund Size: Rs. 1,137.00
crores NAV (As on 31-Aug-06):
Growth option : Rs. 52.8429 Dividend option : Rs. 18.0773
**Expense Ratio for the month of Aug'06: 2.03%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Medium term investment of funds for capital
appreciation
by managing cash and equity portfolio
Auto 5,012.44 4.41% • Mahindra & Mahindra Ltd 2,621.33
2.31%
Maruti Udyog Ltd 2,391.11 2.10% Auto Ancillaries 2,834.66
2.49%
• Amtek Auto Ltd 2,834.66 2.49% Banks 10,300.13 9.06%
• State Bank of India Ltd 4,010.95 3.53% Bank of Baroda Ltd
2,506.50 2.20% Punjab National Bank Ltd 2,291.44 2.02% ICICI Bank
Ltd 1,491.24 1.31% Cement 11,864.83 10.45%
• Grasim Industries Ltd 3,498.36 3.08% Century Textiles &
Industries Ltd 2,514.47 2.21% Associated Cement Companies Ltd
1,896.41 1.67% Orient Paper & Industries Ltd 1,644.99 1.45%
Shree Cement Ltd 1,418.05 1.25% Hyderabad Industries Ltd 892.55
0.79% Construction 3,672.49 3.23% Jai Prakash Associates Ltd
1,949.21 1.71% IVRCL Infrastructure & Projects Ltd 1,193.68
1.05% Patel Engineering Ltd 529.60 0.47% Consumer Non-Durable
8,418.80 7.41%
• ITC Ltd 2,889.51 2.54% Triveni Engineering & Industries Ltd
2,208.09 1.94% E.I.D. Parry (India) Ltd 2,063.73 1.82% Balrampur
Chini Mills Ltd 893.50 0.79% Uttam Sugar Mills Ltd 363.97 0.32%
Ferrous Metals 1,273.06 1.12% Mukand Ltd 1,273.06 1.12% Fertilizers
933.58 0.82% Coromandel Fertilisers Ltd 933.58 0.82% Hotels 360.25
0.32% Viceroy Hotels Ltd 360.25 0.32% Industrial Capital Goods
9,677.77 8.51% Kalpataru Power Transmission Ltd 2,053.39 1.81%
Larsen & Toubro Ltd 2,048.55 1.80% Texmaco Ltd 1,950.35 1.72%
Bharat Earth Movers Ltd 1,870.20 1.64% Siemens India Ltd 1,545.58
1.36% Lokesh Machines Ltd 209.70 0.18% Industrial Products 8,292.36
7.29%
• Jain Irrigation Systems Ltd 3,504.08 3.08% AIA Engineering Ltd
2,456.83 2.16% Sterlite Optical Technologies Ltd 2,331.45 2.05%
Media & Entertainment 8,509.77 7.48%
• Deccan Chronicle Holdings Ltd 6,027.63 5.30% Zee Telefilms Ltd
2,482.14 2.18% Non-Ferrous Metals 1,571.54 1.38% Sterlite
Industries (India) Ltd 1,441.32 1.27% Hindalco Industries Ltd
130.22 0.11% Oil 1,217.60 1.07% Oil & Natural Gas Company Ltd
1,217.60 1.07% Petroleum Products 8,829.36 7.77%
• Reliance Industries Ltd 8,829.36 7.77% Pharmaceuticals 1,312.72
1.16% Dr. Reddys Laboratories Ltd 1,245.33 1.10% Plethico
Pharmaceuticals Ltd 67.39 0.06% Power 2,069.55 1.82% Reliance
Energy Ltd 2,069.55 1.82% Software 12,230.14 10.75%
• HCL Technologies Ltd 3,871.80 3.41% Infosys Technologies Ltd
2,471.66 2.17% Subex Azure Ltd 2,153.71 1.89% Mastek Ltd 1,570.11
1.38% Tata Consultancy Services Ltd 1,330.26 1.17% Mphasis BFL
Software Ltd 720.21 0.63% Tech Mahindra Ltd 112.39 0.10% Telecom
Services 1,879.43 1.65% Videsh Sanchar Nigam Ltd 1,879.43 1.65%
Transportation 3,214.61 2.83%
• Great Eastern Shipping Co. Ltd 3,214.61 2.83% Term Deposits
2,101.00 1.85% ICICI Bank 2,101.00 1.85% Cash, Call, CBLO &
Reverse Repo 9,875.72 8.69% Other Current Assets (1,751.60) -1.56%
Total Net Assets 113,700.21 100.00%
• Top Ten Holdings
Performance Record *- Cumulative Option
Rs. 10000 invested at inception: Dynamic Plan Vs S&P CNX
Nifty
CAGR – Dynamic Plan: 54.35%; Benchmark : 39.53% Past performance
may or may not be sustained in future.
Sector Allocation*
Style Box
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Figures as on 31-Aug, 2006
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions. ^ Risk-free rate based on the JP Morgan 3 month
T-Bill Index.
Std Dev : 8.00 Sharpe Ratio^ : 0.40 Portfolio Beta : 0.99 R squared
: 0.76
14.31%
Last 6 Months
Rs 52842.90
Rs 35882.91
10.75%
10.45%
9.06%
8.51%
7.77%
7.48%
7.41%
7.29%
4.41%
3.23%
2.83%
2.49%
1.82%
1.65%
1.38%
1.16%
1.12%
1.07%
0.82%
0.32%
7
15.97%
9.03%
7.50%
6.35%
6.21%
5.27%
5.10%
4.64%
4.39%
3.88%
3.78%
3.30%
3.27%
2.21%
2.20%
2.19%
2.17%
1.86%
1.44%
1.43%
1.25%
0.82%
0.69%
0.23%
Pharmaceuticals
Non-Ferrous
Software
Gas
Fund Manager's Comment The fund maintained an average equity
exposure of 95% during the month. Holdings in Non-Ferrous Metals
were further reduced this month, while positions in Domestic
Pharma, Transportation and Textile Products stocks were
substantially increased. The fund booked profits in Auto
Ancillaries, Banks, Cement, Oil and Petroleum stocks.
SIP Returns: As on 31 Aug, 2006 Period SIP Start Date Total Amount
Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 543.74 13,653.31 31.49% Since
Inception 16-Aug-04 26,000.00 1,648.72 41,399.36 51.40%
Rs. 10000 invested at inception: Discovery Fund Vs S & P CNX
Nifty
CAGR – Discovery Plan : 57.00%; Benchmark : 45.00% Past performance
may or may not be sustained in future.
Quantitative Indicators:
Average P/E :12.44 Average P/BV : 2.41 Average Dividend Yield :
1.62 Annual Portfolio Turnover Ratio : 2.48 times
Portfolio
PruICICI Discovery Fund Diversified Fund
Snapshot: Fund Manager : Sankaran Naren Indicative Investment
Horizon: 5 yrs and more Inception date: 16-08-2004 Fund Size: Rs.
1,107.47 crores NAV (As on 31-Aug-06):
Growth option: Rs. 25.11 Dividend option: Rs. 19.21
**Expense Ratio for the month of Aug'06: Retail option : 2.04%
Institutional option-I : 1.00%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation
following value investment philosophy
Performance Record *- Growth Option
Company/Issuer Mkt Value (Rs. Lakh) % to NAVStyle Box
*Returns < 1Year : Absolute, > 1Year : CAGR Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future.
Figures as on 31-Aug, 2006
*Pertains to the equity investments only.
Auto 4,302.26 3.88% Maruti Udyog Ltd 3,014.73 2.72% Bajaj Auto Ltd
1,287.53 1.16% Auto Ancillaries 8,311.18 7.50%
• Kesoram Industries Ltd 3,800.00 3.43% • Exide Industries Ltd
3,509.00 3.17%
India Nippon Elect Ltd 1,002.18 0.90% Banks 7,037.85 6.35% Andhra
Bank Ltd 3,067.75 2.77% State Bank of India Ltd 2,328.13 2.10%
Punjab National Bank Ltd 1,641.97 1.48% Cement 5,655.87 5.10%
Century Textiles & Industries Ltd 3,015.95 2.72% Birla
Corporation Ltd 1,827.80 1.65% Orient Paper & Industries Ltd
812.12 0.73% Chemicals 2,054.45 1.86% India Glycols Ltd 2,054.45
1.86% Consumer Non-Durable 10,003.46 9.03% Tata Tea Ltd 2,487.29
2.25% E.I.D. Parry (India) Ltd 2,206.75 1.99% Sakthi Sugars Ltd’
1,707.75 1.54% Rajshree Sugars & Chemicals Ltd 1,277.10 1.15%
Nirma Ltd 1,166.73 1.05% Ruchi Soya Industries Ltd 1,157.84 1.05%
Ferrous Metals 3,618.60 3.27%
• Jindal Steel & Power Company Ltd 3,618.60 3.27% Fertilizers
5,841.14 5.27%
• Gujarat State Fertilisers & Chemicals Ltd 3,513.00 3.17% DCM
Shriram Consolidated Ltd 1,665.55 1.50% Zuari Industries Ltd 662.59
0.60% Gas 260.05 0.23% Gas Authority of India Ltd 260.05 0.23%
Hardware 2,448.00 2.21% HCL Infosystems Ltd 2,448.00 2.21%
Industrial Capital Goods 2,419.29 2.19% Kirloskar Oil Engines Ltd
1,260.39 1.14% Bharat Electonics Ltd 1,158.90 1.05% Industrial
Products 1,395.27 1.25% Finolex Cables Ltd 813.71 0.73% MM Forgings
Ltd 477.08 0.43% Jindal Poly Films Ltd 104.48 0.09% Non-Ferrous
Metals 904.69 0.82% Nav Bharat Ventures Ltd 904.69 0.82% Oil
3,652.80 3.30%
• Oil & Natural Gas Company Ltd 3,652.80 3.30% Paper 4,856.57
4.39% JK Paper Ltd 2,210.30 2.00% Tamil Nadu Newsprint & Papers
Ltd 2,142.29 1.93% Seshashayee Paper & Boards Ltd 503.98 0.46%
Pesticides 1,590.97 1.44% Rallis India Ltd 1,590.97 1.44% Petroleum
Products 4,181.84 3.78% Cochin Refineries Ltd 2,246.96 2.03% IBP
Company Ltd 1,934.88 1.75% Pharmaceuticals 17,690.48 15.97%
• Aventis Pharma Ltd 6,591.97 5.95% • Cadila Healthcare Ltd
5,360.00 4.84% • Ipca Laboratories Limited 3,267.81 2.95%
Novartis India Ltd 1,406.95 1.27% FDC Ltd 1,063.75 0.96% Power
2,409.79 2.17% Gujarat Industries Power Company Ltd 1,532.89 1.38%
Reliance Energy Ltd 876.90 0.79% Software 764.41 0.69% Mastek Ltd
656.51 0.59% Tech Mahindra Ltd 107.90 0.10% Textiles - Cotton
1,588.19 1.43% Mahavir Spinning Mills Ltd 1,510.40 1.36% Vardhaman
Spinning & General Mills Ltd 77.79 0.07% Textiles - Products
6,869.70 6.21%
• Raymond Ltd 4,530.75 4.09% Aditya Birla Nuvo Ltd 1,756.40 1.59%
Gokaldas Exports Ltd 582.55 0.53% Textiles - Synthetic 2,428.93
2.20% SRF Ltd 1,890.80 1.71% Nahar Spinning Mill Ltd 538.13 0.49%
Transportation 5,149.49 4.64%
• Great Eastern Shipping Co. Ltd 3,383.13 3.05% Containers
Corporation of India Ltd 1,766.36 1.59% Term Deposits 1,295.00
1.17% ICICI Bank 1,295.00 1.17% Cash, Call, CBLO & Reverse Repo
2,488.50 2.25% Other Current Assets 1,528.45 1.40% Total Net Assets
110,747.23 100.00%
• Top Ten Holdings
Std Dev : 7.00 Sharpe Ratio^ : 0.49 Portfolio Beta : 0.90 R squared
: 0.62
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions. ^ Risk-free rate based on the JP Morgan 3 month
T-Bill Index.
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2004 & 2005.
12.20%
36.25%
57.00%
11.03%
Rs 25110.00
8
Fund Manager’s Comment The fund maintained an average equity
exposure of 91% during the month. Exposure to Software, Media and
Pharmaceuticals was increased. The fund continues to be bullish on
domestic mid-cap pharma, technology mid-caps and capital goods. The
fund booked profits in Auto Ancillaries, Cement and Construction.
Holdings in Ferrous Metals were trimmed further.
Sector Allocation*
Performance Record *- Growth Option
*Returns < 1Year : Absolute, > 1Year : CAGR. Benchmark is
Nifty Junior. For computation of returns the allotment NAV has been
taken as Rs. 10.00. Past performance may or may not be sustained in
future.
SIP Returns: As on 31 Aug 2006 Period SIP Start Date Total Amount
Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 571.55 13,105.64 20.72% Since
Inception 28-Oct-04 24,000.00 1,558.95 35,746.72 47.77%
Quantitative Indicators:
Average P/E : 18.32 Average P/BV : 3.47 Average Dividend Yield :
0.73 Annual Portfolio Turnover Ratio : 2.01 times
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Portfolio
WHY SHOULD ONE INVEST? Long term investment of funds for
capital appreciation on a mid-cap portfolio
Company/Issuer Mkt Value (Rs. Lakh) % to NAVStyle Box Figures as on
31-Aug, 2006
PruICICI Emerging S.T.A.R. Fund Diversified Fund
Auto Ancillaries 5,169.15 5.60% Amtek Auto Ltd 2,186.87 2.37% Bosch
Chassis Systems India Ltd 1,698.45 1.84% Amtek India Ltd 591.32
0.64% Talbros Automotive Components Ltd 292.52 0.32% Sundram
Fastners Ltd 223.89 0.24% Munjal Auto Industries Ltd 176.10 0.19%
Banks 2,581.21 2.80% Andhra Bank Ltd 1,361.20 1.48% Syndicate Bank
Ltd 1,220.01 1.32% Cement 8,017.22 8.69% Ramco Industries Ltd
1,930.34 2.09% India Cements Ltd 1,606.80 1.74% Century Textiles
& Industries Ltd 1,206.60 1.31% Birla Corporation Ltd 896.95
0.97% Orient Paper & Industries Ltd 844.77 0.92% OCL India Ltd
761.20 0.83% Hyderabad Industries Ltd 425.81 0.46% Chettinad
Cements Ltd 344.75 0.37% Chemicals 635.36 0.69% Beck India Ltd
635.36 0.69% Construction 2,761.34 3.00%
• Patel Engineering Ltd 2,357.25 2.56% Sunil Hitech Engineers Ltd
227.80 0.25% Mahindra Gesco Developers Ltd 176.29 0.19% Consumer
Durables 3,159.53 3.42%
• Lloyd Electric & Engineering Ltd 2,547.56 2.76% Fedders Lloyd
Corporation Ltd 611.97 0.66% Consumer Non-Durable 5,366.83 5.82%
Tata Tea Ltd 1,852.31 2.01% Mirza International Ltd 1,476.88 1.60%
Triveni Engineering & Industries Ltd 1,125.19 1.22% Uttam Sugar
Mills Ltd 896.64 0.97% Shrenuj & Company Ltd 15.81 0.02%
Ferrous Metals 4,533.85 4.92% Mukand Ltd 1,743.35 1.89% Kalyani
Steels Ltd 835.20 0.91% Adhunik Metaliks Ltd 661.45 0.72% Raipur
Alloys & Steel Ltd 357.05 0.39% Kamdhenu Ispat Ltd 335.65 0.36%
Gallantt Metal Ltd 306.61 0.33% Usha Martin Ltd 294.54 0.32%
Industrial Capital Goods 12,317.98 13.36%
• Aban Lloyd Chiles Offshore Ltd 3,073.22 3.33% • Kalpataru Power
Transmission Ltd 2,225.22 2.41%
Bharat Earth Movers Ltd 1,776.23 1.93% RPG Transmission Ltd
1,489.10 1.62% Stone India Ltd 1,371.50 1.49% Crompton Greaves Ltd
1,087.00 1.18% Thermax Ltd 794.49 0.86% Indo Tech Transformers Ltd
501.22 0.54% Industrial Products 9,179.20 9.95%
• Sintex Industries Ltd 2,481.90 2.69% • Sterlite Optical
Technologies Ltd 2,277.63 2.47%
Graphite India Ltd 1,819.30 1.97% AIA Engineering Ltd 1,408.76
1.53% Finolex Cables Ltd 695.38 0.75% Shree Ganesh Forgings Ltd
268.66 0.29% Shivam Autotech Ltd 227.57 0.25% Media &
Entertainment 5,168.51 5.61%
• Deccan Chronicle Holdings Ltd 3,809.75 4.13% Jagran Prakashan Pvt
Ltd 753.87 0.82% Prime Focus Ltd 604.89 0.66% Non-Ferrous Metals
719.37 0.78% Nav Bharat Venture Ltd 719.37 0.78% Paper 1,306.34
1.42% Tamil Nadu Newsprint & Papers Ltd 1,306.34 1.42%
Pharmaceuticals 4,989.87 5.41%
• Glenmark Pharmaceuticals Ltd 2,358.78 2.56% Matrix Laboratories
Ltd 992.61 1.08% Vivimed Labs Ltd 925.83 1.00% Cadila Healthcare
Ltd 665.31 0.72% Plethico Pharmaceuticals Ltd 47.34 0.05% Power
867.37 0.94% Webel SL Energy Ltd 867.37 0.94% Software 13,117.90
14.23%
• Subex Azure Ltd 2,570.00 2.79% • Tech Mahindra Ltd 2,405.60
2.61%
Mphasis BFL Software Ltd 2,038.65 2.21% Geodesic Information
Systems Ltd 1,561.92 1.69% Nucleus Software Exports Ltd 1,551.95
1.68% Megasoft Ltd 1,401.09 1.52% Mastek Ltd 936.69 1.02% Infotech
Enterprises Ltd 441.34 0.48% Zenith Infotech Ltd 210.66 0.23%
Telecom Services 869.36 0.94% Aksh Optifibre Ltd 869.36 0.94%
Textiles - Products 1,654.39 1.80% Kewal Kiran Clothing Ltd 838.24
0.91% Gokaldas Exports Ltd 816.15 0.89% Textiles - Synthetic 377.78
0.41% Sarla Polyester Ltd 377.78 0.41% Transportation 1,047.07
1.13% All Cargo Global Logistics Ltd 794.81 0.86% Shreyas Shipping
Ltd 252.26 0.27% Term Deposits 920.00 1.00% ICICI Bank 920.00 1.00%
Cash, Call, CBLO & Reverse Repo 7,112.86 7.72% Other Current
Assets 285.14 0.36% Total Net Assets 92,157.63 100.00%
• Top Ten Holdings
Snapshot: Fund Manager : Anil Sarin Indicative Investment Horizon:
3 years & more Inception date: 28-10-2004 Fund Size: Rs. 921.58
crores NAV (As on 31-Aug-06):
Growth option : Rs. 22.93 Dividend option : Rs. 18.63
**Expense Ratio for the month of Aug'06: Retail option : 2.11%
Institutional option-I : 1.00%
**This is a close approximation of the number.
Rs. 10000 invested at inception: Emerging S.T.A.R Fund Vs S&P
CNX Nifty
CAGR – Emerging S.T.A.R. Fund : 56.95%; Benchmark : 33.55% Past
performance may or may not be sustained in future.
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2004.
Std Dev : 8.44 Sharpe Ratio^ : 0.41 Portfolio Beta : 0.97 R squared
: 0.77
Rs 22930.00
11,933 13,933 15,933 17,933 19,933 21,933 23,933 25,933 27,933
29,933
O ct
-0 4
N ov
-0 4
De c-
04 Ja
n- 05
Fe b-
05 M
ar -0
5 Ap
r- 05
M ay
-0 5
Ju n-
05 Ju
l-0 5
Au g-
05 Se
p- 05
O ct
-0 5
N ov
-0 5
De c-
05 Ja
n- 06
Fe b-
06 M
ar -0
6 Ap
r- 06
M ay
-0 6
Ju n-
06 Ju
l-0 6
Au g-
4.04%
29.33%
56.95%
-0.44%
17.56%
33.55%
-10.00%
14.23% 13.36%
9.95% 8.69%
0.41%
Software Industrial Capital
Industrial Products Cement
Performance Record *- Growth Option
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Sector Allocation*
PruICICI Tax Plan Diversified Fund
Snapshot: Fund Manager : Sankaran Naren Indicative Investment
Horizon: 3 yrs & more Inception date: 19-08-1999 Fund Size: Rs.
475.77 crores NAV (As on 31-Aug-06):
Growth option : Rs. 85.41 Dividend option : Rs. 27.42
**Expense Ratio for the month of Aug'06: 2.28%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Medium term investment of funds with tax
benefits for capital appreciation
Auto Ancillaries 8,179.71 17.19% • Kesoram Industries Ltd 2,280.00
4.79% • Sundaram Clayton Ltd 2,058.60 4.33%
Exide Industries Ltd 1,052.70 2.21% Rane Madras Ltd 790.47 1.66%
Carborandum Universal Ltd 685.23 1.44% Rane Holdings Ltd 486.72
1.02% Sundaram Brake Linings Ltd 455.13 0.96% Rane Brake Linings
Ltd 370.86 0.78% Banks 1,402.40 2.95% Andhra Bank Ltd 1,402.40
2.95% Cement 1,486.61 3.13% Orient Paper & Industries Ltd
1,330.03 2.80% Pokarna Ltd 156.58 0.33% Chemicals 2,892.17 6.09%
Andhra Sugars Ltd 1,234.80 2.60% India Glycols Ltd 728.62 1.53%
Atul Ltd 659.07 1.39% Clariant Chemicals (India) Ltd 269.68 0.57%
Consumer Non-Durable 2,435.66 5.12% Gillette India Ltd 878.97 1.85%
ICI India Ltd 676.69 1.42% Harrisons Malyalam Ltd 474.44 1.00%
Sakthi Sugars Ltd’ 253.00 0.53% Venky’s (India) Ltd 152.56 0.32%
Ferrous Metals 36.35 0.08% Tinplate Company of India Ltd 36.35
0.08% Fertilizers 3,524.45 7.41% Zuari Industries Ltd 1,414.00
2.97% DCM Shriram Consolidated Ltd 1,235.39 2.60% Gujarat State
Fertilisers & Chemicals Ltd 875.06 1.84% Finance 350.82 0.74%
Sundaram Finance Ltd 350.82 0.74% Hotels 1,156.71 2.43% Oriental
Hotels Ltd 895.02 1.88% Taj Gvk Hotels & Resorts Ltd 261.69
0.55% Industrial Capital Goods 2,225.12 4.67%
• Aban Lloyd Chiles Offshore Ltd 1,543.25 3.24% Numeric Power
Systems Ltd 459.03 0.96% Indo Tech Transformers Ltd 222.84 0.47%
Industrial Products 1,950.03 4.09% H.E.G. Ltd 1,323.33 2.78%
Poleplex Corporation Ltd 315.15 0.66% MM Forgings Ltd 311.55 0.65%
Media & Entertainment 731.67 1.54% Zee Telefilms Ltd 731.67
1.54% Oil 1,382.67 2.91% Hindustan Oil Exploration Ltd 1,382.67
2.91% Petroleum Products 1,665.84 3.50%
• IBP Company Ltd 1,665.84 3.50% Pharmaceuticals 7,879.32
16.56%
• Cadila Healthcare Ltd 2,680.00 5.63% • Aventis Pharma Ltd
2,419.94 5.09%
FDC Ltd 1,233.95 2.59% Alembic Ltd 751.49 1.58% Dr. Reddys
Laboratories Ltd 722.35 1.52% Ahlcon Parenterals (India) Ltd 71.59
0.15% Retailing 1,879.31 3.95%
• Trent Ltd 1,879.31 3.95% Software 44.69 0.09% Tech Mahindra Ltd
44.69 0.09% Textiles - Cotton 736.96 1.55% Precot Mills Ltd 736.96
1.55% Textiles - Products 1,804.64 3.80%
• Raymond Ltd 1,726.00 3.63% K.G. Denim Ltd 78.64 0.17% Textiles -
Synthetic 2,783.11 5.85%
• SRF Ltd 2,363.50 4.97% Sangam India Ltd 419.61 0.88%
Transportation 1,623.90 3.41%
• Great Eastern Shipping Co. Ltd 1,623.90 3.41% Term Deposits
375.00 0.79% ICICI Bank 375.00 0.79% Cash, Call, CBLO & Reverse
Repo 488.02 1.03% Other Current Assets 542.19 1.12% Total Net
Assets3 47,577.35 100.00%
• Top Ten Holdings
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 156.85 13,396.56 26.40% 3 Year SIP
30-Sep-03 36,000.00 867.06 74,055.59 55.86% 5 Year SIP 28-Sep-01
60,000.00 2,797.85 238,964.37 60.19% Since Inception 19-Aug-99
86,000.00 4,825.12 412,113.50 44.12%
Quantitative Indicators:
Average P/E : 13.84 Average P/BV : 2.49 Average Dividend Yield :
1.39 Annual Portfolio Turnover Ratio : 2.64 times
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAVStyle
Box
Figures as on 31-Aug, 2006
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
CAGR – Tax Plan: 35.63%; Benchmark : 14.15% Past performance may or
may not be sustained in future.
Rs. 10000 invested at inception: Tax Plan Vs S&P CNX
Nifty
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001, 2003 &
2005.
Std Dev : 8.88 Sharpe Ratio^ : 0.41 Portfolio Beta : 1.00 R squared
: 0.61
9.53%
27.92%
Last 6 Months
Last 1 years
Last 3 years
Last 5 years
Rs 85410.00
Rs 25382.16
17.19%
Auto Ancillaries Pharmaceuticals
Industrial Products Retailing
10
Fund Manager's Comment The fund maintained an average equity
exposure of 87% during the month. Exposure to Banks, Auto and
Non-Ferrous Metals was increased. The fund substantially reduced
its holdings by booking profits in Cement, Consumer Non-Durables
and Telecom stocks. Exposure to Hotels was reduced to zero.
SIP Returns: As on 31-Aug-06
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 172.16 13,836.50 35.16%
3 Year SIP 30-Sep-03 36,000.00 805.40 64,730.00 44.38%
5 Year SIP 28-Sep-01 60,000.00 2,077.09 166,935.72 43.57%
Since Inception 9-Jul-98 99,000.00 4,441.57 356,968.98 30.52%
Quantitative Indicators:
Average P/E : 19.31 Average P/BV : 3.98 Average Dividend Yield :
0.99 Annual Portfolio Turnover Ratio : 2.67 times
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions. ^ Risk-free rate based on the JP Morgan 3 month
T-Bill Index.
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001, 2003 and
2005.
Std Dev : 7.53 Sharpe Ratio^ : 0.37 Portfolio Beta : 1.03 R squared
: 0.92
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAV
PruICICI Growth Plan Diversified Fund
Snapshot: Fund Manager : Deven Sangoi Indicative Investment
Horizon: 5 years & more Inception date: 09-07-1998 Fund Size:
Rs. 385.33 crores NAV (As on 31-Aug-06):
Growth option : Rs. 80.37 Dividend option : Rs. 21.86
**Expense Ratio for the month of Aug'06: Retail option : 2.32%
Institutional option-I : 1.00%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation
Performance Record *- Growth Option
Rs. 10000 invested at inception: Growth Plan Vs S & P CNX
Nifty
CAGR – Growth Plan : 29.14%; Benchmark : 16.83% Past performance
may or may not be sustained in future.
Sector Allocation*
*Returns < 1Year : Absolute, > 1Year : CAGR. Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Style Box Figures as on 31-Aug, 2006
*Pertains to the equity investments only.
Auto 3,041.58 7.90% • Maruti Udyog Ltd 1,162.43 3.02% • Bajaj Auto
Ltd 1,159.10 3.01%
Mahindra & Mahindra Ltd 720.05 1.87% Banks 3,722.97 9.67%
• State Bank of India Ltd 1,186.81 3.08% Punjab National Bank Ltd
992.96 2.58% Bank of Baroda Ltd 808.83 2.10% ICICI Bank Ltd 734.37
1.91% Cement 3,026.38 7.86%
• Grasim Industries Ltd 1,466.56 3.81% Associated Cement Companies
Ltd 1,129.57 2.93% Ambuja Cement Eastern Ltd 430.25 1.12%
Construction 779.15 2.02% Jai Prakash Associates Ltd 779.15 2.02%
Consumer Non-Durable 2,205.50 5.73%
• Hindustan Lever Ltd 1,208.55 3.14% ITC Ltd 996.95 2.59% Ferrous
Metals 570.69 1.48% Tata Steel Ltd 570.69 1.48% Industrial Capital
Goods 5,487.52 14.24% Bharat Heavy Electricals Ltd 1,156.86 3.00%
Siemens India Ltd 1,156.30 3.00% Larsen & Toubro Ltd 1,093.71
2.84% ABB Ltd 709.00 1.84% Bharat Electonics Ltd 695.34 1.80%
Bharat Earth Movers Ltd 676.31 1.76% Media & Entertainment
773.33 2.01% Zee Telefilms Ltd 773.33 2.01% Non-Ferrous Metals
2,312.36 6.00%
• Hindalco Industries Ltd 1,176.15 3.05% Sterlite Industries
(India) Ltd 1,136.21 2.95% Oil 1,553.63 4.03%
• Oil & Natural Gas Company Ltd 1,553.63 4.03% Pesticides
847.31 2.20% United Phosphorus Ltd 847.31 2.20% Petroleum Products
2,097.72 5.44%
• Reliance Industries Ltd 2,097.72 5.44% Pharmaceuticals 1,907.16
4.94% Aventis Pharma Ltd 645.02 1.67% Glaxo Smothkline Pharma Ltd
636.55 1.65% Cipla Ltd 625.59 1.62% Power 810.01 2.10% Reliance
Energy Ltd 810.01 2.10% Software 3,227.09 8.38%
• Infosys Technologies Ltd 1,871.43 4.86% • Tata Consultancy
Services Ltd 1,317.43 3.42%
Tech Mahindra Ltd 38.23 0.10% Telecom Services 912.53 2.37% Bharti
Airtel Ltd 912.53 2.37% Term Deposits 375.00 0.97% ICICI Bank
375.00 0.97% Cash, Call, CBLO & Reverse Repo 4,740.54 12.30%
Other Current Assets 142.80 0.36%
Total Net Assets 38,533.27 100.00%
• Top Ten Holdings
Rs 80370.00
Rs 35522.618,365 18,365 28,365 38,365 48,365 58,365 68,365 78,365
88,365 98,365
Ju l-9
11.95%
14.24%
9.67%
8.38%
7.90%
7.86%
6.00%
5.73%
5.44%
4.94%
4.03%
2.37%
2.20%
2.10%
2.02%
2.01%
1.48%
Industrial Capital Goods
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 949.09 14,103.48 40.57% Since
Inception 31-Aug-05 13,000.00 1,049.09 15,589.48 41.93%
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month.
Fund Manager's Comment
The fund maintained an average equity exposure of 93% during the
month. Exposure to Auto/Auto Ancillaries and Banks was increased
substantially while positions in Non-Ferrous Metals and Petroleum
Products were trimmed. The portfolio is skewed towards large cap as
the fund seeks to maximize the risk-return payoff.
Sector Allocation*
Performance Record *- Growth Option
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future.
Quantitative Indicators:
Average P/E : 13.71 Average P/BV : 2.58 Average Dividend Yield :
1.42 Annual Portfolio Turnover Ratio : 2.90 times
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
PruICICI Infrastructure Fund Thematic Fund
Snapshot: Fund Manager : Sankaran Naren Indicative Investment
Horizon: 5 yrs and more Inception date: 12-09-2005 Fund Size: Rs.
1,349.96 crores NAV (As on 31-Aug-06):
Growth option : Rs. 14.86 Dividend option : Rs. 13.82
**Expense Ratio for the month of Aug'06: 1.95%
**This is a close approximation of the number.
Style Box Figures as on 31-Aug, 2006
*Pertains to the equity investments only.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation derived from the growth and development of the
infrastructure sector
Std Dev : 9.03 Sharpe Ratio^ : 0.36 Portfolio Beta : 1.10 R squared
: 0.80
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAV
Auto 3,383.40 2.51% Tata Motors Ltd 3,383.40 2.51% Auto Ancillaries
5,670.20 4.20%
• Kesoram Industries Ltd 5,670.20 4.20% Banks 17,473.97 12.94%
Andhra Bank Ltd 4,183.80 3.10% Punjab National Bank Ltd 4,055.41
3.00% Corporation Bank Ltd 2,993.62 2.22% ICICI Bank Ltd 2,389.80
1.77% Bank of Baroda Ltd 1,988.84 1.47% State Bank of India Ltd
1,862.50 1.38% Cement 15,588.76 11.55%
• Grasim Industries Ltd 6,254.63 4.63% • Century Textiles &
Industries Ltd 5,601.05 4.15%
OCL India Ltd 2,859.02 2.12% JK Cements Ltd 874.06 0.65%
Construction 14,518.30 10.75%
• Patel Engineering Ltd 6,551.45 4.85% • Jai Prakash Associates Ltd
4,331.00 3.21%
Hindustan Construction Co. Ltd 2,543.43 1.88% BL Kashyap and Sons
Ltd 1,092.42 0.81% Ferrous Metals 11,486.12 8.51%
• Jindal Steel & Power Company Ltd 5,588.47 4.14% Usha Martin
Ltd 2,674.92 1.98% Sesa Goa Ltd 2,237.01 1.66% Adhunik Metaliks Ltd
985.72 0.73% Hotels 9,251.04 6.85%
• EIH Ltd 5,711.58 4.23% Indian Hotels Company Ltd 3,539.46 2.62%
Industrial Capital Goods 9,805.24 7.26% Crompton Greaves Ltd
3,137.25 2.32% Bharat Earth Movers Ltd 2,741.33 2.03% Siemens India
Ltd 2,619.63 1.94% Alfa-Laval (India) Ltd 1,307.03 0.97% Industrial
Products 4,652.85 3.45%
• Electrosteel Castings Ltd 4,652.85 3.45% Minerals/Mining 495.00
0.37% Gujarat NRE Coke Ltd 495.00 0.37% Non-Ferrous Metals 900.02
0.67% Hindalco Industries Ltd 900.02 0.67% Oil 8,586.71 6.36%
• Oil & Natural Gas Company Ltd 7,329.95 5.43% Hindustan Oil
Exploration Ltd 1,256.76 0.93% Petroleum Products 8,749.79
6.49%
• Reliance Industries Ltd 5,586.75 4.14% Indian Oil Corporation Ltd
1,981.80 1.47% Madras Refineries Ltd 1,181.24 0.88% Power 7,655.27
5.67% Gujarat Industries Power Company Ltd 2,951.12 2.19% Reliance
Energy Ltd 2,192.25 1.62% National Thermal Power Corporation Ltd
1,242.50 0.92% CESC Ltd 877.35 0.65% PTC India Ltd 392.05 0.29%
Telecom Services 3,933.75 2.91% Bharti Airtel Ltd 3,933.75 2.91%
Transportation 2,970.68 2.20% Containers Corporation of India Ltd
2,749.56 2.04% Jet Airways India Ltd 221.12 0.16% Term Deposits
2,290.00 1.70% ICICI Bank 2,290.00 1.70% Cash, Call, CBLO &
Reverse Repo 7,529.99 5.58% Other Current Assets 54.90 0.03%
Total Net Assets 134,995.99 100.00%
• Top Ten Holdings
12.94%
11.55%
10.75%
8.51%
7.26%
6.85%
6.49%
6.36%
5.67%
4.20%
3.45%
2.91%
2.51%
2.20%
0.67%
0.37%
Minerals/Mining
Rs. 10000 invested at inception: Infrastructure Fund Vs S&P CNX
Nifty
CAGR – Infrastructure : 48.60%; Benchmark : 43.16% Past performance
may or may not be sustained in future.
Rs 14860.00
Rs 14316.15
9,420 10,420 11,420 12,420 13,420 14,420 15,420 16,420 17,420
18,420
A ug
-0 5
Se p-
12
Fund Manager's Comment The fund maintained an average equity
exposure of 90% during the month. The portfolio is overweight
banking and technology stocks. Some large cap banking positions
were trimmed and replaced by the mid-cap banks. In Media &
Entertainment, holding in Zee Telefilms was increased. Exposure to
Telecom Services and Consumer Durables was reduced to zero.
Average P/E : 18.02 Average P/BV : 3.99 Average Dividend Yield :
0.99 Annual Portfolio Turnover Ratio : 1.63 times Portfolio
turnover has been computed as the ratio of the higher value of
average purchase and average sales, to the average net assets in
the past one year (since inception for schemes that have not
completed a year). The figures are not netted for derivative
transactions. ^ Risk-free rate based on the JP Morgan 3 month
T-Bill Index.
Quantitative Indicators:
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to
NAVSnapshot:
Fund Manager : Deven Sangoi Indicative Investment Horizon: 5 yrs.
& more Inception date: 30-11-2005 Fund Size: Rs. 354.46 crores
NAV (As on 31-Aug-06):
Growth option : Rs. 11.20 Dividend option : Rs. 11.20
**Expense Ratio for the month of Aug'06: 2.27% **This is a close
approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation derived
from the growth potential of the service industries sector
Auto Ancillaries 2,593.13 7.31% Carborandum Universal Ltd 951.67
2.68% Sundaram Clayton Ltd 874.91 2.47% Munjal Auto Industries Ltd
256.88 0.72% Automobile Corporation of Goa Ltd 509.67 1.44% Banks
4,367.96 12.32%
• Punjab National Bank Ltd 1,613.22 4.55% • State Bank of India Ltd
1,144.93 3.23%
Andhra Bank Ltd 562.40 1.59% ICICI Bank Ltd 561.12 1.58% Kotak
Mahindra Bank Ltd 486.29 1.37% Construction 1,881.48 5.31%
• Jai Prakash Associates Ltd 1,052.42 2.97% Patel Engineering Ltd
426.51 1.20% BL Kashyap and Sons Ltd 402.55 1.14% Finance 1,645.43
4.64% Housing Development Finance Corporation Ltd 860.38 2.43%
India Infoline Ltd 785.05 2.21% Hotels 1,417.34 4.00%
• Indian Hotels Company Ltd 1,094.72 3.09% Taj Gvk Hotels &
Resorts Ltd 322.62 0.91% Industrial Capital Goods 1,916.95
5.40%
• Larsen & Toubro Ltd 1,280.31 3.61% Jyoti Ltd 121.88 0.34%
Bharti Shipyard Ltd 514.76 1.45% Industrial Products 1,136.44 3.20%
Jain Irrigation Systems Ltd 755.93 2.13% Shivam Autotech Ltd 380.51
1.07% Media & Entertainment 1,685.14 4.76% Jagran Prakashan Pvt
Ltd 967.28 2.73% Zee Telefilms Ltd 717.86 2.03% Pesticides 1,565.91
4.42%
• United Phosphorus Ltd 1,565.91 4.42% Pharmaceuticals 1,296.41
3.66% Plethico Pharmaceuticals Ltd 771.46 2.18% Dishman
Pharmaceuticals & Chemicals Ltd 524.95 1.48% Power 721.24 2.03%
PTC India Ltd 721.24 2.03% Retailing 726.49 2.05% Trent Ltd 726.49
2.05% Software 8,514.51 24.01%
• Infosys Technologies Ltd 1,860.38 5.25% • Hinduja TMT Ltd
1,048.62 2.96% • Nucleus Software Exports Ltd 967.61 2.73%
Tata Consultancy Services Ltd 769.74 2.17% Hexaware Technologies
Ltd. 279.57 0.79% Mphasis BFL Software Ltd 731.65 2.06% Infotech
Enterprises Ltd 687.87 1.94% Tulip IT Services Ltd 681.75 1.92%
Tech Mahindra Ltd 575.69 1.62% Mastek Ltd 568.04 1.60% Financial
Technologies Ltd 343.59 0.97% Textiles - Products 1,532.76 4.32%
Gokaldas Exports Ltd 848.68 2.39% Aditya Birla Nuvo Ltd 684.08
1.93% Transportation 1,203.35 3.39%
• Containers Corporation of India Ltd 1,203.35 3.39% Term Deposits
396.80 1.12% ICICI Bank 396.80 1.12% Cash, Call, CBLO & Reverse
Repo 1,613.04 4.55% Other Current Assets 1,231.55 3.51% Total Net
Assets 35,445.93 100.00%
• Top Ten Holdings
Sector Allocation*
*Returns >= 1 Year are CAGR, < 1 Year are Absolute. Benchmark
is S&P CNX Nifty. For computation of returns the allotment NAV
has been taken as Rs. 10.00. Past performance may or may not be
sustained in future.
*Pertains to the equity investments only.
Figures as on 31-Aug, 2006
PruICICI Services Industries Fund Thematic Fund
Style Box
Last 6 Months Since Inception
Pru ICICI Services Industries Fund S&P CNX Nifty
24.01%
12.32%
7.31%
5.40%
5.31%
4.76%
4.64%
4.42%
4.32%
4.00%
3.66%
3.39%
3.20%
2.05%
2.03%
Retailing
Power
Std Dev : 7.14 Sharpe Ratio^ : 0.14 Portfolio Beta : 0.72 R squared
: 0.45
13
PruICICI FMCG Fund Thematic Fund
Snapshot:
Fund Manager : Prashant Kothari Indicative Investment Horizon: 5
yrs & more Inception date: 31-03-1999 Fund Size: Rs. 101.79
crores NAV (As on 31-Aug-06):
Growth option : Rs. 36.80 Dividend option : Rs. 30.86
**Expense Ratio for the month of Aug'06: 2.50%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation in FMCG sector
Performance Record* - Growth Option
Rs. 10000 invested at inception: FMCG Vs CNX FMCG Index
CAGR – FMCG : 19.18%; Benchmark : 7.26% Past performance may or may
not be sustained in future.
Sector Allocation*
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
CNX FMCG Index. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 357.07 13,140.18 21.39%
3 Year SIP 30-Sep-03 36,000.00 2,081.17 76,587.06 58.82%
5 Year SIP 30-Sep-01 60,000.00 4,943.63 181,925.58 47.48%
Since Inception 31-Mar-99 90,000.00 7,916.27 291,318.74
31.17%
Quantitative Indicators:
Average P/E : 30.24 Average P/BV : 5.78 Average Dividend Yield :
1.16 Annual Portfolio Turnover Ratio : 0.90 times
Consumer Non-Durable 7,299.93 71.70% • ITC Ltd 860.26 8.45% •
Marico Industries Ltd 826.95 8.12% • ICI India Ltd 802.55 7.88% •
Gillette India Ltd 699.79 6.87% • Radico Khaitan Ltd 624.10 6.13% •
Pidilite Industries Ltd 604.99 5.94% • Hindustan Lever Ltd 574.40
5.64% • Godrej Consumer Products Ltd 500.41 4.92%
Asian Paints Ltd 472.71 4.64% Champagne Indage Ltd 326.55 3.21%
Bata India Ltd 254.11 2.50% Proctor & Gamble Hygiene and
Healthcare Limited 249.41 2.45% Goodlass Nerolac Paints Ltd 226.02
2.22% Agro Dutch Industries Ltd 168.47 1.66% Berger Paints India
Ltd 109.21 1.07% Retailing 2,250.00 22.10%
• Trent Ltd 971.96 9.55% Trent Ltd - Rights Warrants 21.60
0.21%
• Pantaloon Retail (India) Ltd 848.12 8.33% Shoppers’ Stop Ltd
408.32 4.01% Cash, Call, CBLO & Reverse Repo 575.81 5.66% Other
Current Assets 53.04 0.54%
Total Net Assets 10,178.78 100.00%
• Top Ten Holdings
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001 and 2003.
Std Dev : 7.45 Sharpe Ratio^ : 0.47 Portfolio Beta : 0.75 R squared
: 0.60
Rs 36800.00
Rs 16828.565,853 10,853 15,853 20,853 25,853 30,853 35,853 40,853
45,853
M ar
-9 9
Au g-
99 Ja
n- 00
Ju n-
00 No
v- 00
Ap r-0
1 Se
p- 01
Fe b-
02 Ju
l-0 2
De c-
02 M
ay -0
3 Oc
t-0 3
M ar
-0 4
Au g-
04 Ja
n- 05
Ju n-
05 No
v- 05
Ap r-0
3.87%
32.04%
53.04%
33.75%
19.18%
2.02%
45.83%
29.09%
Last 6 Months
Last 1 years
Last 3 years
Last 5 years
71.70%
22.10%
Consumer Non-
PruICICI Technology Fund Sector Fund
Snapshot: Fund Manager : Deven Sangoi Indicative Investment
Horizon: 5 yrs & more Inception date: 03-03-2000 Fund Size: Rs.
118.11 crores NAV (As on 31-Aug-06):
Growth option: Rs. 11.00 **Expense Ratio for the month of Aug'06:
2.47%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation in technology sector
Consultancy 25.82 0.22%
Industrial Capital Goods 234.74 1.99%
Solectron Centum Electronics Ltd 234.74 1.99%
Media & Entertainment 1,875.11 15.88%
Pharmaceuticals 835.24 7.07%
Software 7,679.01 65.02%
• Mastek Ltd 626.02 5.30%
• I-Flex Solutions Ltd 507.59 4.30%
• Tata Consultancy Services Ltd 487.71 4.13%
• Satyam Computer Services Ltd 485.01 4.11%
• Hexaware Technologies Ltd. 475.15 4.02%
HCL Technologies Ltd 463.79 3.93%
Megasoft Ltd 376.48 3.19%
Hinduja TMT Ltd 348.32 2.95%
Tulip IT Services Ltd 343.31 2.91%
Aztec Software & Technology Services Ltd 296.08 2.51%
Tech Mahindra Ltd 281.05 2.38%
Geodesic Information Systems Ltd 224.26 1.90%
Telecom Services 462.69 3.92%
Cash, Call, CBLO & Reverse Repo 749.28 6.34%
Other Current Assets (51.17) -0.44%
Total Net Assets 11,810.72 100.00%
• Top Ten Holdings
Performance Record *- Growth Option
Rs. 10000 invested at inception: Technology Fund Vs BSE Tech
Index
CAGR – Technology Fund: 1.48%; Benchmark : -6.78% Past performance
may or may not be sustained in future.
Sector Allocation*
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
BSE Tech Index. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 1,196.64 13,163.04 21.83%
3 Year SIP 30-Sep-03 36,000.00 5,375.84 59,134.24 36.95%
5 Year SIP 28-Sep-01 60,000.00 13,645.39 150,099.29 38.80%
Since Inception 3-Mar-00 79,000.00 17,760.12 195,361.32
27.82%
Average P/E : 23.45 Average P/BV : 5.51 Average Dividend Yield :
0.70 Annual Portfolio Turnover Ratio : 1.35 times
Style Box
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Figures as on 31-Aug, 2006
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001 and 2003.
Std Dev : 7.34 Sharpe Ratio^ : 0.34 Portfolio Beta : 0.93 R squared
: 0.62
Rs 11000.00
7.32%18.41%
Last 6 Months
Last 1 years
Last 3 years
Last 5 years
Since
65.02%
15.88%
7.07%
3.92%
1.99%
0.22%
Consultancy
15
SIP Returns: As on 31 Aug, 2006 Period SIP Start Date Total Amount
Total No. Market Value SIP
Invested of Units Returns 1 Year SIP 30-Sep-05 12,000.00 458.95
13,969.93 37.85% 3 Year SIP 30-Sep-03 36,000.00 2,003.99 60,999.25
39.48% Since Inception 26-Feb-02 56,000.00 4,219.43 128,434.81
37.95%
Portfolio Company/Issuer Mkt Value (Rs. Lakh) % to NAV
PruICICI Index Fund Index Fund
Snapshot: Fund Manager : Yogesh Bhatt Indicative Investment
Horizon: 5 yrs & more Inception date: 26-02-2002 Fund Size: Rs.
6.11 crores NAV (As on 31-Aug-06): Rs. 30.4389 **Expense Ratio for
the month of Aug'06: 1.25%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation
by replicating S&P CNX Nifty index
Auto 35.01 5.73% Tata Motors Ltd 9.93 1.62% Bajaj Auto Ltd 8.30
1.36% Maruti Udyog Ltd 7.58 1.24% Mahindra & Mahindra Ltd 4.81
0.79% Hero Honda Ltd 4.39 0.72% Banks 45.34 7.41%
• ICICI Bank Ltd 16.24 2.66% State Bank of India Ltd 14.94 2.44%
HDFC Bank Ltd 8.15 1.33% Punjab National Bank Ltd 4.53 0.74%
Oriental Bank of Commerce 1.48 0.24% Cement 16.10 2.64% Grasim
Industries Ltd 6.28 1.03% Associated Cement Companies Ltd 5.19
0.85% Gujarat Ambuja Cement Ltd 4.63 0.76% Chemicals 2.19 0.36%
Indian Petrochemicals Corporation Ltd 2.19 0.36% Consumer
Non-Durable 41.44 6.78%
• ITC Ltd 21.92 3.59% • Hindustan Lever Ltd 15.76 2.58%
Dabur India Ltd 2.39 0.39% Tata Tea Ltd 1.37 0.22% Ferrous Metals
17.48 2.86% Steel Authority of India Ltd 9.11 1.49% Tata Steel Ltd
8.37 1.37% Finance 9.97 1.63% Housing Development Finance
Corporation Ltd 9.97 1.63% Gas 6.70 1.10% Gas Authority of India
Ltd 6.70 1.10% Industrial Capital Goods 46.65 7.64%
• Bharat Heavy Electricals Ltd 16.87 2.76% Suzlon Energy Ltd 10.55
1.73% Larsen & Toubro Ltd 10.24 1.68% Siemens India Ltd 5.39
0.88% ABB Ltd 3.60 0.59% Media & Entertainment 3.49 0.57% Zee
Telefilms Ltd 3.49 0.57% Non-Ferrous Metals 10.06 1.64% Hindalco
Industries Ltd 6.08 0.99% National Aluminium Company Ltd 3.98 0.65%
Oil 52.90 8.66%
• Oil & Natural Gas Company Ltd 52.90 8.66% Petroleum Products
53.62 8.77%
• Reliance Industries Ltd 47.45 7.76% Bharat Petroleum Corporation
Ltd 3.30 0.54% Hindustan Petroleum Corporation Ltd 2.87 0.47%
Pharmaceuticals 22.22 3.63% Cipla Ltd 5.95 0.97% Sun
Pharmaceuticals Ltd 5.15 0.84% Ranbaxy Laboratories Ltd 4.62 0.76%
Dr. Reddys Laboratories Ltd 3.38 0.55% Glaxo Smothkline Pharma Ltd
3.12 0.51% Power 6.03 0.99% Tata Power Company Ltd 3.18 0.52%
Reliance Energy Ltd 2.85 0.47% Software 96.65 15.82%
• Infosys Technologies Ltd 30.47 4.99% • Tata Consultancy Services
Ltd 29.76 4.87% • Wipro Ltd 22.64 3.70%
Satyam Computer Services Ltd 8.05 1.32% HCL Technologies Ltd 5.73
0.94% Telecom Services 30.38 4.96%
• Bharti Airtel Ltd 23.74 3.88% Videsh Sanchar Nigam Ltd 3.63 0.59%
Mahanagar Telephone Nigam Ltd 3.01 0.49% Transportation 1.41 0.23%
Jet Airways India Ltd 1.41 0.23% Nifty Futures 105.57 17.27% Cash,
Call, CBLO & Reverse Repo 99.38 16.26% Other Current Assets
(91.41) -14.95% Total Net Assets 611.18 100.00%
• Top Ten Holdings
Performance Record *- Cumulative Option
Rs. 10000 invested at inception: Index Fund Vs S&P CNX
Nifty
CAGR – Index Fund : 27.98%; Benchmark : 26.32% Past performance may
or may not be sustained in future.
Sector Allocation*
*Returns >= 1 Year are CAGR, < 1 Year are Absolute. Benchmark
is S&P CNX Nifty. For computation of returns the allotment NAV
has been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Quantitative Indicators:
Average P/E : 19.15 Average P/BV : 4.28 Average Dividend Yield :
1.38 Annual Portfolio Turnover Ratio : 4.70 times
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Figures as on 31-Aug, 2006
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2002, 2003 and
2005.
Std Dev : 7.18 Sharpe Ratio^ : 0.33 Portfolio Beta : 1.03 R squared
: 0.99
Rs 30438.90
Rs 28702.71
12.70%
47.99%
37.37%
27.98%
11.03%
43.16%
35.91%
26.32%
15.82%
8.77%
8.66%
7.64%
7.41%
6.78%
5.73%
4.96%
3.63%
2.86%
2.64%
1.64%
1.63%
1.10%
0.99%
0.57%
0.36%
0.23%
Software
Quantitative Indicators:
Average P/E : 21.50 Average P/BV : 4.31 Average Dividend Yield :
1.13 Annual Portfolio Turnover Ratio : 0.16 times
Portfolio
SPIcE Fund Index Fund
Snapshot: Fund Manager : Yogesh Bhatt Investment Horizon: 5 years
& more Inception date: 10-01-2003 Fund Size: Rs. 0.95 crores
NAV (As on 31-Aug-06): Rs. 120.0633 **Expense Ratio for the month
of Aug'06: 0.80%
**This is a close approximation of the number.
WHY SHOULD ONE INVEST? Long term investment of funds for capital
appreciation by replicating the BSE Sensitive Index
Auto 6.95 7.35%
Banks 12.08 12.77%
State Bank of India Ltd 2.75 2.91%
HDFC Bank Ltd 2.68 2.83%
Cement 4.85 5.13%
Gujarat Ambuja Cement Ltd 1.53 1.62%
Associated Cement Companies Ltd 1.38 1.46%
Consumer Non-Durable 9.51 10.06%
• ITC Ltd 6.28 6.64%
Ferrous Metals 2.58 2.73%
Finance 3.68 3.89%
Industrial Capital Goods 6.19 6.55%
• Larsen & Toubro Ltd 3.77 3.99%
Bharat Heavy Electricals Ltd 2.42 2.56%
Non-Ferrous Metals 1.87 1.98%
Oil 4.33 4.58%
Petroleum Products 10.71 11.33%
Pharmaceuticals 3.95 4.18%
Dr. Reddys Laboratories Ltd 1.04 1.10%
Power 3.17 3.35%
Reliance Energy Ltd 1.25 1.32%
Software 17.43 18.44%
• Satyam Computer Services Ltd 3.14 3.32%
Tata Consultancy Services Ltd 2.44 2.58%
Wipro Ltd 1.85 1.96%
Telecom Services 6.16 6.52%
Reliance Communications Ventures Ltd 2.75 2.91%
Cash, Call, CBLO & Reverse Repo 2.10 2.22%
Other Current Assets (1.01) -1.08%
Total Net Assets 94.55 100.00%
• Top Ten Holdings
Rs. 10000 invested at inception: SPICE Vs BSE Sensitive Index
CAGR – SPIcE Fund : 41.88%; Benchmark : 40.88% Past performance may
or may not be sustained in future.
Sector Allocation*
*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark is
BSE SENSEX Index.For computation of returns the allotment NAV has
been taken as Rs. 10.00. Past performance may or may not be
sustained in future. 30-Aug-03 & 31-Aug-03 were non business
days.
Company/Issuer Mkt Value (Rs. Lakh) % to NAV
*Pertains to the equity investments only.
Portfolio turnover has been computed as the ratio of the higher
value of average purchase and average sales, to the average net
assets in the past one year (since inception for schemes that have
not completed a year). The figures are not netted for derivative
transactions.
^ Risk-free rate based on the JP Morgan 3 month T-Bill Index.
Figures as on 31-Aug, 2006
Std Dev : 6.61 Sharpe Ratio^ : 0.38 Portfolio Beta : 0.98 R squared
: 0.99
Rs 35743.76
Rs 34829.07
Last 6 Months
SPIcE Fund BSE SENSEX
Software
Banks
Quantitative Indicators – Debt Component Quantitative Indicators –
Equity Component
Average Maturity : 1.75 year Modified Duration : 1.48 year Yield To
Maturity : 7.48%
Average P/E : 17.63 Average P/BV : 2.74 Average Dividend Yield :
0.97
SIP Returns: As on 31 Aug, 2006
Period SIP Start Date Total Amount Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 29-Sep-05 12,000.00 694.16 12,537.78 9.90% 3 Year SIP
30-Sep-03 36,000.00 2,304.89 41,630.46 10.19% 5 Year SIP 30-Sep-01
60,000.00 4,263.73 77,010.64 10.23% Since Inception 10-Nov-00
71,000.00 5,304.51 95,809.00 10.28%
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month.
PruICICI Monthly Income Plan
Snapshot: Fund Managers: Equity : Prashant Kothari
Debt : Chaitanya Pande Indicative Investment Horizon: 1 yr &
above Inception date: 10-11-2000 Fund Size: Rs. 550.77 crores NAV
(As on 31-Aug-06): Cumulative option : Rs. 18.0618 **Expense Ratio
for the month of Aug'06: 1.95% **This is a close approximation of
the number.
WHY SHOULD ONE INVEST? Medium term investment in a portfolio of
debt and equity (upto 15%) for capital appreciation.
Rs. 10000 invested at inception*: MIP Vs Crisil MIP Blended
Index
Performance Record* - Cumulative Option
Rating Profile (as % of debt holding)
*Benchmark start date : 31-03-2002. CAGR – MIP: 10.16%; Benchmark :
9.12%. Benchmark is Crisil MIP Blended Index. Past performance may
or may not be sustained in future.
*Returns >= 1 Year are CAGR, < 1 Year are Absolute. Benchmark
is Crisil MIP Blended Index. Start date: 31/3/02. For computation
of returns the allotment NAV has been taken as Rs. 10.00. Past
performance may or may not be sustained in future. 30-Aug-03 &
31-Aug-03 were non business days.
Equity Holdings 7,902.24 14.35% Reliance Industries Ltd Petroleum
Products 850.31 1.54% Punjab National Bank Ltd Banks 424.31 0.77%
ITC Ltd Consumer Non-Durable 413.98 0.75% ICICI Bank Ltd Banks
405.07 0.74% Bharti Airtel Ltd Telecom Services 390.50 0.71% OCL
India Ltd Cement 320.23 0.58% Larsen & Toubro Ltd Industrial
Capital Goods 288.45 0.52% Infosys Technologies Ltd Software 234.83
0.43% Patel Engineering Ltd Construction 231.64 0.42% State Bank of
India Ltd Banks 230.59 0.42% Bank of Baroda Ltd Banks 225.85 0.41%
Deccan Chronicle Holdings Ltd Media & Entertainment 204.66
0.37% Aventis Pharma Ltd Pharmaceuticals 158.06 0.29% AIA
Engineering Ltd Industrial Products 148.38 0.27% Oil & Natural
Gas Company Ltd Oil 146.11 0.27% Indo Tech Transformers Ltd
Industrial Capital Goods 145.77 0.26% Pokarna Ltd Cement 145.09
0.26% Bharat Earth Movers Ltd Industrial Capital Goods 133.67 0.24%
Amtek Auto Ltd Auto Ancillaries 131.49 0.24% Tata Steel Ltd Ferrous
Metals 103.62 0.19% Viceroy Hotels Ltd Hotels 94.42 0.17% Glaxo
Smothkline Pharma Ltd Pharmaceuticals 82.30 0.15% Ashok Leyland Ltd
Auto 79.20 0.14% Jindal Steel & Power Company Ltd Ferrous
Metals 70.40 0.13% Tech Mahindra Ltd Software 57.94 0.11% I-Flex
Solutions Ltd Software 54.99 0.10% Exide Industries Ltd Auto
Ancillaries 25.81 0.05% Nifty Futures 2,104.57 3.82% Debt Holdings
45,190.05 82.04% PSU/PFI Bonds 2,498.87 4.54% Indian Railway
Finance Corporation AAA 1,540.16 2.80% Infrastructure Development
Finance Corporation AAA 958.71 1.74% Private Corporate Securities
14,474.19 26.27%
• PTC Citi Fleet Trust Citibank AAA(SO) 4,138.67 7.51% • Citicorp
Maruti Finance Ltd AAA 2,965.47 5.38%
PTC IBL Trust IndusInd Bank AAA(SO) 2,759.66 5.01% PTC RPS Tata
Teleservices AAA(SO) 1,602.94 2.91% Sundaram Finance Ltd AAA
1,456.87 2.65% Hindalco Industries Ltd AAA 984.32 1.79% PTC Citi
Mobile Trust Citibank AAA(SO) 525.74 0.95% India Infrastructure
Developers Ltd A1+(SO) 40.52 0.07% Government Securities 14,673.21
26.64%
• 6.65% GOI 2009 Sovereign 5,898.00 10.71% • 7.55% GOI 2010
Sovereign 5,016.00 9.11%
12.25% GOI 2009 Sovereign 2,749.41 4.99% 8.07% GOI 2017 Sovereign
1,009.80 1.83% CPs and CDs 2,963.06 5.38% UTI Bank Ltd - CD P1+
996.03 1.81% American Express Bank Ltd - CD P1+ 984.19 1.79% HDFC
Bank - CD P1+ 982.84 1.78% Treasury Bills 4,924.02 8.94%
• 91 Day T Bill (MD 24/11/2006) Sovereign 4,924.02 8.94% Term
Deposits 1,952.00 3.54% ICICI Bank 1,952.00 3.54% Cash, Call, CBLO
& Reverse Repo 3,704.70 6.73% Other Current Assets 1,984.72
3.61%
Total Net Assets 55,077.01 100.00%
• Top Five Holdings
Maturity Profile (as % of debt holding)
(An open ended fund. Monthly income is not assured and is subject
to the availability of distributable surplus.)
% Unlisted Bonds : 8.03%
Style Box:
Debt Equity
Rs 15329.73
Rs 14701.97
Pru ICICI Monthly Income Plan Cris il MIP Blended index
4.54%
45.54%
28.71%
10.63%
8.76%
4.22%
2.14%
1-3 years
<182 days
3-5 years
Debt : Chaitanya Pande Indicative Investment Horizon: 6 months-1
year Inception date: 31-05-2005 Fund Size: Rs. 856.47 crores NAV
(As on 31-Aug-06):
Growth option : Rs. 10.9319 Dividend option : Rs. 10.4136
**Expense Ratio for the month of Aug'06: 1.50% **This is a close
approximation of the number.
PruICICI Blended Plan A Portfolio
Company/Issuer Sector/Rating Mkt Value %NAV Mkt Value (Rs. Lakh)
(Rs. Lakh)-Futures
Figures as on 31-Aug, 2006
Equity Holdings 64,659.30 75.51% (65,082.48) • Reliance Industries
Ltd Petroleum Products 7,096.29 8.29%
Reliance Industries Ltd- Futures -7,154.40 • Bharti Airtel Ltd
Telecom Services 4,521.55 5.28%
Bharti Airtel Ltd- Futures -4,531.45 • State Bank of India Ltd
Banks 3,794.84 4.43%
State Bank of India Ltd- Futures -3,818.89 • Hindalco Industries
Ltd Non-Ferrous Metals 3,528.34 4.12%
Hindalco Industries Ltd - Rights Non-Ferrous Metals 23.28 0.03%
Hindalco Industries Ltd- Futures -3,602.36 Indian Petrochemicals
Corporation Ltd Chemicals 3,339.04 3.90% Indian Petrochemicals
Corporation Ltd- Futures -3,363.78 Mahanagar Telephone Nigam Ltd
Telecom Services 2,928.99 3.42% Mahanagar Telephone Nigam Ltd-
Futures -2,938.32 Ranbaxy Laboratories Ltd Pharmaceuticals 2,684.22
3.13% Ranbaxy Laboratories Ltd- Futures -2,702.70 Sterlite
Industries (India) Ltd Non-Ferrous Metals 2,635.78 3.08% Sterlite
Industries (India) Ltd- Futures -2,653.91 Bank of Baroda Ltd Banks
2,580.73 3.01% Bank of Baroda Ltd- Futures -2,579.70 Infosys
Technologies Ltd Software 2,554.25 2.98% Infosys Technologies Ltd-
Futures -2,565.21 India Cements Ltd Cement 2,452.18 2.86% India
Cements Ltd- Futures -2,462.56 Century Textiles & Industries
Ltd Cement 2,292.55 2.68% Century Textiles & Industries Ltd-
Futures -2,314.90 Reliance Energy Ltd Power 2,119.69 2.47% Reliance
Energy Ltd- Futures -2,138.30 Tata Steel Ltd Ferrous Metals
1,751.89 2.05% Tata Steel Ltd- Futures -1,766.01 Matrix
Laboratories Ltd Pharmaceuticals 1,608.17 1.88% Matrix Laboratories
Ltd- Futures -1,611.70 Reliance Capital Finance Ltd Finance
1,469.79 1.72% Reliance Capital Finance Ltd- Futures -1,484.21
Oriental Bank of Commerce Banks 1,299.52 1.52% Oriental Bank of
Commerce- Futures -1,310.91 Industrial Development Bank of India
Banks 1,139.17 1.33% Industrial Development Bank of India- Futures
-1,148.78 SRF Ltd Textiles - Synthetic 826.04 0.96% SRF Ltd-
Futures -833.21 Divis Laboratories Ltd Pharmaceuticals 806.27 0.94%
Divis Laboratories Ltd- Futures -814.88 Jindal Steel & Power
Company Ltd Ferrous Metals 789.19 0.92% Jindal Steel & Power
Company Ltd- Futures -793.11 Associated Cement Companies Ltd Cement
777.84 0.91% Associated Cement Companies Ltd- Futures -784.33
Mphasis BFL Software Ltd Software 739.05 0.86% Mphasis BFL Software
Ltd- Futures -741.77 Gujarat Narmada Valley Fertilisers Co. Ltd
Fertilizers 705.77 0.82% Gujarat Narmada Valley Fertilisers Co.
Ltd- Futures -714.08 Essar Oil Ltd Oil 654.69 0.76% Essar Oil Ltd-
Futures -661.05 Videsh Sanchar Nigam Ltd Telecom Services 646.84
0.76% Videsh Sanchar Nigam Ltd- Futures -652.33 Gujarat Ambuja
Cement Ltd Cement 639.55 0.75% Gujarat Ambuja Cement Ltd- Futures
-645.24 GMR Infrastructure Ltd Construction 601.16 0.70% GMR
Infrastructure Ltd- Futures -606.76 Punjab National Bank Ltd Banks
599.68 0.70% Punjab National Bank Ltd- Futures -596.89 Bharat
Petroleum Corporation Ltd Petroleum Products 526.96 0.62% Bharat
Petroleum Corporation Ltd- Futures -530.68 Mahindra & Mahindra
Ltd Auto 508.92 0.59% Mahindra & Mahindra Ltd- Futures -512.94
New Delhi Television Ltd Media & Entertainment 504.20 0.59% New
Delhi Television Ltd- Futures -508.86 Jindal Stainless Ltd Ferrous
Metals 377.33 0.44% Jindal Stainless Ltd- Futures -374.23 Dr.
Reddys Laboratories Ltd Pharmaceuticals 358.29 0.42% Dr. Reddys
Laboratories Ltd- Futures -356.45 Canara Bank Ltd Banks 353.76
0.41% Canara Bank Ltd- Futures -357.28 Jai Prakash Hydro Power Ltd
Power 332.48 0.39% Jai Prakash Hydro Power Ltd- Futures -335.69
Hindustan Petroleum Corporation Ltd Petroleum Products 297.78 0.35%
Hindustan Petroleum Corporation Ltd- Futures -300.51 Industrial
Development Finance Corporation Ltd Finance 297.11 0.35% Industrial
Development Finance Corporation Ltd- Futures -299.34 Tata Motors
Ltd Auto 265.17 0.31% Tata Motors Ltd- Futures -265.80 Polaris
Software Lab Ltd Software 254.58 0.30% Polaris Software Lab Ltd-
Futures -255.83 Orchid Chemicals Ltd Pharmaceuticals 249.39 0.29%
Orchid Chemicals Ltd- Futures -251.35 Arvind Mills Ltd Textiles -
Products 238.01 0.28% Arvind Mills Ltd- Futures -236.26 Mangalore
Refineries & Petrochemicals Ltd Petroleum Products 222.14 0.26%
Mangalore Refineries & Petrochemicals Ltd- Futures -224.01
Syndicate Bank Ltd Banks 193.11 0.23% Syndicate Bank Ltd- Futures
-194.51 National Thermal Power Corporation Ltd Power 169.60 0.20%
National Thermal Power Corporation Ltd- Futures -171.10 IndusInd
Bank Ltd Banks 153.37 0.18% IndusInd Bank Ltd- Futures -154.08
Industrial Finance Corporation of India Ltd Finance 151.01 0.18%
Industrial Finance Corporation of India Ltd- Futures -152.62 I-Flex
Solutions Ltd Software 148.92 0.17% I-Flex Solutions Ltd- Futures
-150.00 Indian Hotels Company Ltd Hotels 146.78 0.17% Indian Hotels
Company Ltd- Futures -148.01 Alok Textiles Ltd Textiles - Products
144.70 0.17% Alok Textiles Ltd- Futures -143.31 LIC Housing Finance
Ltd Finance 135.42 0.16% LIC Housing Finance Ltd- Futures -136.87
Vijaya Bank Banks 134.87 0.16% Vijaya Bank- Futures -136.30 Tata
Tea Ltd Consumer Non-Durable 134.07 0.16% Tata Tea Ltd- Futures
-135.34 Chambal Fertilisers & Chemicals Ltd Fertilizers 132.09
0.15% Chambal Fertilisers & Chemicals Ltd- Futures -132.46
Cummins India Ltd Industrial Products 124.10 0.14% Cummins India
Ltd- Futures -124.63 Escorts Ltd Auto 104.53 0.12% Escorts Ltd-
Futures -105.33 Great Eastern Shipping Co. Ltd Transportation 84.04
0.10% Great Eastern Shipping Co. Ltd- Futures -84.80 Shipping
Corporation of India Ltd Transportation 65.45 0.08% Shipping
Corporation of India Ltd- Futures -65.59 Aurobindo Pharma Ltd
Pharmaceuticals 52.30 0.06% Aurobindo Pharma Ltd- Futures -52.73
Wockhardt Ltd Pharmaceuticals 50.27 0.06% Wockhardt Ltd- Futures
-50.76 Cipla Ltd Pharmaceuticals 31.38 0.04% Cipla Ltd- Futures
-31.50 Union Bank of India Ltd Banks 29.46 0.03% Union Bank of
India Ltd- Futures -29.70 Ballarpur Industries Ltd Paper 28.49
0.03% Ballarpur Industries Ltd- Futures -28.65 Indian Overseas Bank
Ltd Banks 18.96 0.02% Indian Overseas Bank Ltd- Futures -19.13 Punj
Llyod Ltd Construction 13.30 0.02% Punj Llyod Ltd- Futures -13.41
Karnataka Bank Ltd Banks 11.04 0.01% Karnataka Bank Ltd- Futures
-11.14 Bharat Electonics Ltd Industrial Capital Goods 9.56 0.01%
Bharat Electonics Ltd- Futures -9.54 Debt Holdings 20,987.83 24.49%
Private Corporate Securities 485.62 0.57% Sundaram Finance Ltd AAA
485.62 0.57% Term Deposits 18,251.00 21.31%
• ICICI Bank 18,251.00 21.31% Cash, Call, CBLO & Reverse Repo
7,311.13 8.54% Other Current Assets (5,059.92) -5.93% Total Net
Assets 85,647.13 100.00%
• Top Five Holdings
Performance Record* - Growth Option
* Returns >= 1 Year are CAGR, < 1 Year are Absolute.
Benchmark is Crisil Short Term Bond Fund Index. For Computation of
returns the allotment NAV has been taken as Rs 10.00. Past
performance may or may not be sustained in future.
Rating Profile (as % of total debt components)
Maturity Profile: (as % of total debt components)
Asset Allocation: (as % of Net Assets)
Quantitative Indicators:
Average Maturity : 0.03 year Modified Duration : 0.03 year Yield To
Maturity : 6.82% % Unlisted Bonds : 0.57%
WHY SHOULD ONE INVEST? Opportunity to enhance returns from a blend
of equity & equity arbitrage (atleast 51%) and low
volatility returns from a minimum debt exposure of 25% for a short
time horizon
4.16%
Last 6 Months Last 1 years Since Inception
Pru ICICI Blanded Plan A Crisil Short Term Bond Fund Index
Total Hedged Equity
<182 days
1-3 years
Performance Record* - Growth Option
* Returns >= 1 Year are CAGR, < 1 Year are Absolute.
Benchmark is Crisil Short Term Bond Fund Index. For Computation of
returns the allotment NAV has been taken as Rs 10.00. Past
performance may or may not be sustained in future.
Quantitative Indicators:
Snapshot: Fund Managers: Debt : Chaitanya Pande
Equity : Yogesh Bhatt Indicative Investment Horizon: 6 months-1
year Inception date: 31-05-2005 Fund Size: Rs. 165.68 crores NAV
(As on 31-Aug-06):
Growth option : Rs. 10.8204 Dividend option : Rs. 10.1721
**Expense Ratio for the month of Aug'06: Blended Plan B : 1.50%
Blended Plan B - Inst.: 1.00%
**This is a close approximation of the number.
PruICICI Blended Plan B Portfolio
Company/Issuer Sector/Rating Mkt Value %NAV Mkt Value (Rs. Lakh)
(Rs. Lakh)-Futures
Equity Holdings 2,398.90 14.47% (2,412.91)
Bank of Baroda Ltd Banks 779.49 4.70%
Bank of Baroda Ltd- Futures -779.18
New Delhi Television Ltd Media & Entertainment 441.98
2.67%
New Delhi Television Ltd- Futures -446.06
Sterlite Industries (India) Ltd Non-Ferrous Metals 413.31
2.49%
Sterlite Industries (India) Ltd- Futures -416.16
Colgate Palmolive (India) Ltd Consumer Non-Durable 281.04
1.70%
Colgate Palmolive (India) Ltd- Futures -283.72
Century Textiles & Industries Ltd Cement 128.18 0.77%
Century Textiles & Industries Ltd- Futures -129.43
Oriental Bank of Commerce Banks 104.71 0.63%
Oriental Bank of Commerce- Futures -105.62
Gujarat Narmada Valley Fertilisers Co. Ltd Fertilizers 95.06
0.57%
Gujarat Narmada Valley Fertilisers Co. Ltd- Futures -96.18
Industrial Development Bank of India Banks 93.89 0.57%
Industrial Development Bank of India- Futures -94.68
Bongaigon Refinery & Petrochemicals Ltd Petroleum Products
61.24 0.37%
Bongaigon Refinery & Petrochemicals Ltd- Futures -61.88
Debt Holdings 14,168.75 85.53%
• PTC Citi Fleet Trust Citibank AAA(SO) 1,529.10 9.23%
PTC IBL Trust IndusInd Bank AAA(SO) 919.89 5.55%
PTC TVS Finance AAA(SO) 398.12 2.40%
CPs and CDs 9,815.23 59.25%
• Kotak Mahindra Bank Ltd - CD P1+ 3,059.48 18.47%
• UTI Bank Ltd - CD P1+ 2,504.34 15.12%
• Punjab National Bank - CD P1+ 1,792.96 10.82%
• HDFC Bank - CD P1+ 1,474.26 8.90%
American Express Bank Ltd - CD P1+ 984.19 5.94%
Term Deposits 774.00 4.67%
ICICI Bank 774.00 4.67%
Other Current Assets (949.52) -5.72%
Total Net Assets 16,567.65 100.00%
• Top Five Holdings
Average Maturity : 0.61 year Modified Duration : 0.41 year Yield To
Maturity : 5.88% % Unlisted Bonds : 00.00%
Figures as on 31-Aug, 2006
WHY SHOULD ONE INVEST? Generate low volaility returns from debt
(atleast 51%) along with
an opportunity to enhance returns from equity arbitrage (maximum
49%)
3.52%
0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00%
Last 6 Months Last 1 years Since Inception
Pru ICICI Blanded Plan B Crisil Short Term Bond Fund Index
AAA and Equivalent 89.37%
<182 days
182 days-1year
1-3 years
20
SIP Return: As on 31 Aug, 2006 Period SIP Start Date Total Amount
Total No. Market Value SIP
Invested of Units Returns
1 Year SIP 30-Sep-05 12,000.00 429.41 13,075.53 20.14% 3 Year SIP
30-Sep-03 36,000.00 1,831.93 55,782.27 32.28% 5 Year SIP 1-Oct-01
60,000.00 4,393.34 133,777.20 33.72% Since Inception 3-Nov-99
83,000.00 6,729.24 204,905.36 26.27%
Past performance may or may not be sustained in future. Assume Rs.
1000 invested every month. The high level of returns come from the
sharp appreciation in market, in the year 2001, 2003 &
2005.
Quantitative Indicators – Debt Component Quantitative Indicators –
Equity Component
Average Maturity