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Fundcard

Quantum Long Term Equity

Value Research Fund Rating as on Dec 31, 2010

Open-end and Equity: Multi Cap

Risk Grade – Below Average

Return Grade – High

NAV – Rs. 23.66 as on Jan 5, 2011

Net Assets – Rs. 61.8 crore as on Dec 31, 2010

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
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should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
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Quantum Long Term Equity
Rating: Fund Performance Vs Fund Performance Vs S&P CNX Nifty
Risk: Below Average
Return: High

Fund
S&P CNX Nifty
(Rebased to 10,000)

History 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
NAV (Rs) - - - - - 11.84 17.26 9.15 18.60 23.96 23.66
Total Return (%) - - - - - - 45.78 -46.99 103.28 28.82 -1.25
+/- S&P CNX Nifty - - - - - - -8.99 4.80 27.52 10.87 -0.36
+/- TRI-Sensex - - - - - - -4.31 4.67 20.62 10.09 -
Rank (Fund/Category) - - - - - - 38/44 5/56 5/56 4/59 57/62
52 Week High (Rs) - - - - - 11.89 17.26 17.43 18.60 24.48 -
52 Week Low (Rs) - - - - - 8.80 10.87 7.98 8.12 17.61 -
Net Assets (Rs.Cr) - - - - - 29.70 49.71 22.13 48.03 61.77 -
Expense Ratio (%) - - - - - 2.50 2.49 2.50 2.29 1.56 -

Top Holdings Quarterly Returns (%)


Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Infosys Technologies Technology 33.40 0.66 6.01 2010 2.26 6.73 15.57 2.13 28.82
Tata Consultancy Services Technology 35.60 -0.60 5.87 2009 1.75 45.65 24.34 10.32 103.28
HDFC Financial 33.40 -2.79 5.86 2008 -20.51 -13.85 1.10 -23.43 -46.99
Hindustan Unilever FMCG 33.70 4.27 5.14 2007 -3.12 13.51 13.52 16.78 45.78
Bajaj Auto Automobile 17.50 -10.62 4.87 2006 - -4.40 16.26 4.13 -
Zee Entertainment Ent. Services 26.50 -4.25 4.39
Container Corp. Services 21.00 -0.52 4.28 Trailing Returns (%)
ING Vysya Bank Financial 17.50 -4.69 4.24 Return Rank S&P CNX SIP
HDFC Bank Financial 31.70 -1.71 3.82 Fund Category Fund/Cat Nifty Return
PTC India Energy 39.90 -2.59 3.70 Year-to-Date -1.25 -0.70 57/62 -0.89 -
Indian Hotels Services 63.50 2.48 3.69 3-Month -0.92 -3.33 6/62 -1.07 4.52
Ultratech Cement Construction 38.00 -0.91 3.26 6-Month 17.13 12.56 3/61 16.12 21.66
Tata Steel Metals 8.80 0.30 3.11 1-Year 26.05 15.69 3/59 15.19 33.15
Crompton Greaves Engineering 31.40 -1.21 3.11 2-Year 57.65 44.18 4/50 39.56 49.06
ACC Construction 17.60 -0.85 3.01 3-Year 10.77 -0.55 1/45 -1.04 38.32
Bharti Airtel Communication 15.70 -2.37 2.56 5-Year - - - - -
Axis Bank Financial 18.50 -2.86 2.43 7-Year - -
- - -
3i Infotech Technology -9.60 3.85 2.22 10-Year - - - - -
ONGC Energy 17.50 -2.12 2.19 Return less than 1-year are absolute and over 1 year are annualised
State Bank of India Financial 19.20 -4.05 2.09
Tata Global Beverages FMCG 37.90 3.51 1.57 Top 10 Sector Weights (%) Risk Analysis
Gateway Distriparks Services 18.70 -2.17 1.50 Volatility Measurements
Fund Nifty
Zee Learn Services 160.10 -0.36 0.03
Financial 18.45 19.18 Standard Deviation 31.62
Technology 14.09 14.14 Sharpe Ratio 0.37
Services 13.89 - Beta 0.91
FUND STYLE FMCG 6.71 5.39 R-Squared 0.95
Portfolio Characteristics Investment Style Construction 6.28 2.52 Alpha 10.35
Growth Blend Value
Total Stocks 23 Energy 5.89 28.15
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)


Capitalisation

34709 Automobile 4.87 6.47


Portfolio P/B Ratio 6.23 Engineering 3.11 3.90 Equity 78.96
Portfolio P/E Ratio 27.24 Metals 3.11 8.36 Debt 0.00
3Y Earnings Growth (%) - Communication 2.56 4.49 Cash 21.04
Returns as on Returns as on January 5, 2011, Portfolio related data as on November 30, 2010

Value Research
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Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 128.82%
If you are looking for a fund which truly adheres to a buy-and-hold strategy, The scheme aims to achieve
this one fits the bill. With such a small corpus, it would not be surprising long-term capital appreciation
to see the fund manager dabble in smaller stocks, churn his portfolio
by investing primarily in
rapidly or take concentrated bets. Contrary to expectation, that is not the
case at all. The fund started off as a large-cap offering, changed its shares of companies that are
complexion and now once again is predominantly in large caps. It is also typically included in BSE 200
one of the funds with the least amount of churn. Till date, just 54 stocks Index and attractively priced in
have appeared in the fund's portfolio and out of them only eight have been the market when compared to
QUARTER 73.77% held for five or months or less. What you will find here is a value based,
the Investment Managers
well diversified, liquid portfolio.
We are completely sector agnostic and neither is our criteria on the market valuation of the company.
cap of the stock, explains Kumar. We are value investors who go for
bottom up stock picking and closely look at the daily average trading
volume of the stock. From our universe of companies, we make our pick.
The fund house follows a very process driven strategy. Buy and sell limits
are set for each of the stocks. Only stocks that fall within the predetermined
MONTH purchase price are picked up. Once a sell limit is reached, the team re-
33.62%
evaluates the target and if they do not find value in holding on at that
price, they exit the stock. This would explain why the fund often has
substantial cash allocations during market run ups. It would also explain
why in 2008, the cash and debt exposure in any single month never
exceeded 5 per cent of the portfolio.
The fund's style means that it can lag behind its peers when speculative
growth stocks rule the roost. In 2007, the fund lagged behind the category Portfolio Manager
average with a return of just 46 per cent. Its high cash and debt exposure
(16%) in the December quarter that year also contributed to that. Atul Kumar
Since Nov 2006
Worst Performance Moreover, the fund manager refused to shed his IT exposure despite the
fact that tech stocks were reeling under the pressure of rupee
YEAR -48.05%
appreciation. Come 2008, and this very exposure was its saving grace.
We look at the long term fundamentals of the company before we invest
in it. Once done, we do not get swayed by market movements, says Experience
Kumar. Mr.Kumar is a Commerce Graduate
Not only has this fund rewarded its investors over the long term, it is even from Delhi University and has done
one of the cheapest ones available in terms of a low expense ratio. PGDBM from ICFAI Business
School. Has more than 7 years of
experience in the financial services
QUARTER -38.89% industry. Before being designated as
fund manager had worked as Equity
Analyst with Quantum AMC for 1
year and with same designation with
Quantum Advisors Pvt. Ltd.

MONTH -31.18%

Investment Information
AMC : Quantum Asset Management Company Private Limited Min Investment (Rs.) : 500
Website : www.quantumamc.com Min SIP Investment (Rs.) : 500
Registrar : Karvy Computershare Pvt Ltd. Entry Load : Nil
Launch : February 2006 Exit Load : 4% for redemption within 180 days; 3% for
Benchmark : TRI-Sensex redemption between 181 - 365 days; 2% for redemption
between 366 - 540 days; 1% for redemption between
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (23.85) , Growth (23.66) 541 - 730 days
NAV S&P CNX Nifty

Value Research
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How to Read the Fundcard - Equity

Value Research Rating, Risk and Return


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

History
Fund Performance Vs Index
Data on the fund’s performance Birla Sun Life Frontline Equity Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49
Net Assets (Rs.Cr) - - - - 51.40 15.15 9.11 140.54 124.74 374.84 343.03
for the year and the total Expense Ratio (%) - - - - 2.49 2.50 2.50 2.50 2.50 2.35 2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
Reliance Industries Energy 11.50 -57.30 5.42 2007 -1.42 14.53 16.01 23.88 62.26
highest and the lowest NAV ONGC Energy 8.31 -46.00 4.50 2006 19.42 -7.25 19.39 11.70 47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
ITC FMCG 21.00 -18.47 2.72 Trailing Returns (%)
z Net Assets — The total Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34 Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
that the fund was managing ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month
1-Year
-20.78 -27.09
-48.50 -55.29
38/209
34/192
-26.76
-51.79
-33.43
-40.18
Trailing Returns (%)
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily


Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70 5-Year 16.27 12.91 19/67 9.50 9.90
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61 7-Year - - - - -
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements ods are not.
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49 Sharpe Ratio 0.21
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34 Beta 0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Alpha 4.77
Total Stocks 39
Growth Blend Value Health Care 5.00 2.74 returns for all funds in the cate-
A detailed report on the latest Engineering 4.01 5.26
Large Medium Small

Composition (%)
Avg Mkt Cap (Rs.Cr) 28180 gory.
Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03


Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Aggregate measures regarding A nine-cell matrix of the overall style Weights (%) The proportion of
period.
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.
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