Bluechip PP - Aug 10

ortfo||o Management Serv|ces
MS keg|strat|on NoIN000001S46
1lLle
Wea|th Management Serv|ces
August 2010
New Growth Cyc|e from I2011L
527
723
830
805
820
1,065
1,312
-
250
500
750
1,000
1,250
1,500
FY2006 FY2007 FY2008 FY2009 FY2010E FY2011E FY2012E
(Rs)
SLNSLk LS Growth
5ootce Aoqel keseotcb cooseosos stlmotes
Inf|at|on Lxpected to Dec||ne
10%
5%
-3%
0%
3%
6%
9%
12%
15%
M
a
r
-
0
6
M
a
r
-
0
7
M
a
r
-
0
8
M
a
r
-
0
9
M
a
r
-
1
0
M
a
r
-
1
1
WI |nf|at|on to come down to 4S by March 2011
5ootce Aoqel keseotcb cooseosos stlmotes
Monetary 1|ghten|ng not a Concern
-
10.0
20.0
30.0
40.0
50.0
60.0
3.00
4.00
5.00
6.00
7.00
8.00
9.00
S
e
p
-
0
4
F
e
b
-
0
5
J
u
l
-
0
5
D
e
c
-
0
5
M
a
y
-
0
6
O
c
t
-
0
6
M
a
r
-
0
7
A
u
g
-
0
7
J
a
n
-
0
8
J
u
n
-
0
8
N
o
v
-
0
8
A
p
r
-
0
9
S
e
p
-
0
9
F
e
b
-
1
0
Credit Growth yoy (RHS) Repo Rate (LHS) Reverse Repo Rate (LHS) CRR (LHS)
(%)
(%)
MoneLary LlghLenlng began ln Sep 2003 buL CredlL growLh remalned above 20 rlghL up Lo uec 2008
5ootce k8l Aoqel keseotcb
III Inf|ows to Surge
(60,000)
(30,000)
-
30,000
60,000
90,000
CY02 CY03 CY04 CY05 CY06 CY07 CY08 CY09 CY10
(YTD)
Phenomenal F inflows even in
a low global growth year
(Rs)
nflows
5ootce 58l Aoqel keseotcb
Markets |n Ia|r Va|ue 2one Stock|ck|ng key
to Investment Success
Sensex Larnlngs ?leld
5ootce clloe 8loombetq 85 loJlo Aoqel keseotcb
3
6
7
8
9
10
11
0
3000
10000
13000
20000
23000
!
a
n
!
u
n
-
o
v
p
r
0
3
S
e
p
0
3
e
b
0
6
!
u
l
0
6
u
e
c
0
6
M
a
y
0
7
C
c
L
0
7
M
a
r
0
8
u
g
0
8
!
a
n
0
9
!
u
n
0
9
-
o
v
0
9
p
r
1
0
?leld () Sensex vg 8ond ?leld ()
Ange| 8|uech|p Strategy
6 8luechlp sLocks consLlLuLe Lhe core porLfollo lendlng sLablllLy Lo
lnvesLmenLs
6 deal for lnvesLors seeklng Lo bulld a porLfollo of large bluechlps drlvlng
Lhe ndla growLh sLory
6 ew mldcaps are selecLlvely added Lo lmparL a flavor of growLh Lo Lhe
porLfollo
6 Comblnes Lhe value ln large caps growLh ln mldcaps
Investment Cb[ect|ve
1o creaLe WealLh over Lhe medlum Lo long Lerm by lnvesLlng ln
markeL leaders mosLly large caps whlch have a conslsLenL Lrack
record/poLenLlal Lo dellver superlor growLh and reLurn on neLworLh
as compared Lo LhaL of Lhe overall markeL
Investment Strategy
6 SLock selecLlon based on undamenLal nalysls
6 MarkeLs' propenslLy Lo overreacL Lo near Lerm evenLs and Lrlggers are
explolLed Lo creaLe WealLh over Lhe long Lerm
6 or lnsLance
6MarkeLs can be shorLslghLed
6May lgnore long Lerm value creaLlon over shorL Lerm negaLlves
6CLherwlse how do you explaln sharp movemenLs ln prlces based on
one bad quarLerly resulL?
As the market overreacts to events |n the short term Compan|es w|th
fundamenta||y strong bus|ness mode|s and growth potent|a| often
prov|de |nterest|ng va|uat|on |ed opportun|t|es for |ong term |nvestors
Investment Strategy
6 LleasL 63 of Lhe porLfollo consLlLuLed by -1?/M-C (MulLl-aLlonal
Company) sLocks
6 cLlve porLfollo managemenL ensures perlodlc proflL booklng whlle
lnfuslon of fresh ldeas keeps Lhe porLfollo currenL wlLh Lhe macro
economlc condlLlons
6 Lmphasls on WealLh creaLlon Lndeavor Lo leverage Lhe power of
compoundlng Lo grow Lhe porLfollo Lnsure LhaL unnecessary churnlng ls
avolded ln Lhe porLfollo Lo reduce Lhe flnanclal cosLs Lo Lhe cllenL
Ange| 8|uech|p Sector A||ocat|on
* 4s on l1
st
lu/y 2010
uLo 33
8anklng lnanclal
Servlces 203
MCC 23
nfrasLrucLure 201
1 1LS 166
ML1S M--C
99
Cll Cas 12
1elecom 8
Cash 2
Ange| 8|uech|p 1op S no|d|ngs
Company We|ghtage Sector
ellance ndusLrles 12 Cll Cas
SLerllLe ndusLrles 99 MeLals Mlnlng
ellance nfrasLrucLure 96 nfrasLrucLure
CC 8ank 87 8anklng lnanclal Servlces
8harLl lrLel 8 1elecom
* 4s on l1
st
lu/y 2010
Ange| 8|uech|p erformance
* 4s on l1
st
lu/y 2010 4nnuo/ited/compounded returns
3 Months 6 Months 1 ear 2 ears S|nce Incept|on
( 23 August 2006)
ngel 8luechlp 9 19 133 12 70
-1? 17 93 17 11 128
Note 1he above |nd|cated Strategy returns are abso|ute (except where |t |s |nd|cated) |n nature and are
ca|cu|ated on the 1|me We|ghted kate of keturns (1Wk) methodo|ogy keturns of |nd|v|dua| c||ents may vary
depend|ng on the|r t|me of entry]prof|t book|ng |n the Strategy ast performance may not be |nd|cat|ve of the
future returns de||vered by the ortfo||o Manager
Iund Manager hanl Sekhar
Lxper|ence LqulLy esearch (ndlan MarkeLs uS MarkeLs) orLfollo
ManagemenL (mulLlple orLfollos) aL ngel 8roklng slnce lncepLlon of MS
Lducat|on 8L (Mechanlcal Lngg) M8 (lnance)
Serv|ce ropos|t|on
6 Cnllne ccess Lo orLfollo ogln d assword
6 nLeracLlve back offlce lnLerface for deLalled vlew of porLfollo
6 MonLhly fund performance and fund manager vlews on emalls
6 CuarLerly performance reporL sLaLemenL ln a new form
6 uedlcaLed fund coordlnaLor for fund relaLed querles
6 CenLrallzed Leam of servlce coordlnaLors for hassle free servlclng
6 LvenL based lnLeracLlon wlLh fund managemenL Leam
6 Servlclng from large neLwork of branches across ndla
Iee Structure Cther Deta||s
Nature of Iees Iee
Cne 1|me upfront Iee ] rocess|ng Iee -ll
I|xed Management Iees (on Assets under Management) (per annum) 2*
Lx|t Load -ll
Custod|an Iees -ll
Depos|tory Charges s ppllcable
keg|strar 1ransfer Iees -ll
Serv|ce 1ax Secur|ty 1ransact|on 1ax Cther Statutory |ev|es s ppllcable
8rokerage 03 per 1ransacLlon
*n Lhe case of redempLlon wlLh ln Lhe flrsL year a flxed managemenL fee of 2 wlll be levled on Lhe
asseLs under managemenL
Investment nor|zon
6nvesLmenL horlzon 13 Lo 18 MonLhs
6lsk ModeraLe
6eLurn ModeraLe
DISCLAIMLk nvesLmenLs ln SecurlLles are sub[ecL Lo markeL rlsks and oLher relaLed rlsks and Lhere ls no assurance or guaranLee LhaL
Lhe ob[ecLlves of any of Lhe sLraLegles of Lhe orLfollo ManagemenL
s a SL8 reglsLered orLfollo Manager ngel 8roklng Ld provldes orLfollo ManagemenL Servlces Lo cllenLs and aL no polnL of Llme
assure guaranLeed reLurns asL erformance of schemes do noL guaranLee/lndlcaLe fuLure performance
1hls documenL has been prepared by ngel 8roklng Ld based upon lnformaLlon avallable Lo Lhe publlc and sources lncludlng
newspapers and lnformaLlon avallable on varlous flnanclal webporLals and oLher medla whlch are generally belleved Lo be rellable -o
represenLaLlon or warranLy express or lmplled ls made by ngel 8roklng Ld wlLh regard Lo Lhe accuracy correcLness and compleLeness
of Lhe conLenLs
1he lnformaLlon conLalned hereln does noL consLlLuLe an offer sollclLaLlon or recommendaLlon for Lhe purchase or sale of any
securlLles or oLher flnanclal lnsLrumenLs nor does Lhe lnformaLlon consLlLuLe advlce or an expresslon of our vlew as Lo wheLher a
parLlcular securlLy or flnanclal lnsLrumenL ls approprlaLe 1he reclplenL ls requesLed Lo make lLself aware of all Lhe rlsk facLors lncludlng
lLs flnanclal condlLlon sulLablllLy Lo rlsk reLurn proflle eLc and read and undersLand Lhe lsk ulsclosure uocumenL prlor Lo avalllng
orLfollo ManagemenL Servlces
1hls documenL ls noL for publlc dlsLrlbuLlon and has been furnlshed solely for lnformaLlon and musL noL be reproduced or redlsLrlbuLed
Lo any oLher person ersons lnLo whose possesslon Lhls documenL may come are requlred Lo observe Lhese resLrlcLlons -o parL of
Lhls maLerlal may be dupllcaLed ln any form and/or redlsLrlbuLed
1hls maLerlal should noL be clrculaLed ln counLrles where resLrlcLlons exlsL on sollclLlng buslness from poLenLlal cllenLs resldlng ln such
counLrles eclplenLs of Lhls maLerlal should be aware of any resLrlcLlons lmposed on Lhem wrL possesslon of such documenLs ngel
8roklng Ld sLands lndemnlfled from any dlspuLes/lssues LhaL may arlse on accounL of fallure on Lhls parL by Lhe reclplenL
SL8I keg|strat|on No IN8 010996S39
Webs|te wwwange|tradecom

Bluechip PP - Aug 10

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ortfo||o Management Serv|ces

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