AMC Advisory Updates Date: 3rd July, 2014

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Marvin Baldwin
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1 AMC Advisory Updates Date: 3rd July, 2014

2 Weekly Market Roundup & Outlook A bout of volatility was witnessed after news reports on 25 th July 14, that Finance Minister Arun Jaitley has announced extension of the concessional excise duty on automobiles, capital goods and consumer goods by six months till 31 st December 14. Expectations from upcoming final Union Budget for which is expected on 10 th July 14 will continue to drive trend on the bourses in the near term. To attract more investors into the stock market, the Bombay Stock Exchange (BSE) has recommended reduction in Securities Transaction Tax (STT) which at the rate of 0.1% on both the seller and the buyer. Asia Pacific share market closed mostly down on 27 th June 14, amid concerns about prospects of an increase in US interest rates. Meanwhile, selloff pressure mounted after reports showed weak U.S. consumer spending and slowing Chinese industrial profit growth, casting doubts over the economic health of the world's two biggest economies. Amongst the sectoral indices on BSE, majority sectors ended up in green except for Oil, Metal, PSU and Bankex. During the previous week, FIIs have sold net equity of Rs. 590 crore and the DIIs have sold net equity worth Rs. 460 crore. Source : CapitaLine, Bloomberg and Reuters Note: MOAMC does not take the responsibility for the authenticity of the above data/news/information. It is merely replication of the data / news / information already available in public.

3 Macros That Matter Indices 27-Jun Jun-2014 % Change DJIA 16, , % Nasdaq 4, , % Nikkei , , % Straits Times 3, , % Hang Seng 23, , % FTSE 100 6, , % DAX 9, , % Shanghai Composite 2, , % Indices 27-Jun Jun-2014 % Change CNX Nifty 7, , % S&P Sensex 25, , % S&P BSE Midcap 9, , % S&P BSE Smallcap 10, , % Source : CapitaLine

4 Macros That Matter Major Currencies Vs INR 26-Jun Jun-2014 % Change USD GBP EURO YEN Asset Class 27-Jun Jun-2014 % Change NYMEX Crude (US$/Barrel) Gold(Rs/10gm) 28, , Silver (Mumbai)(Rs/per kg) 45, , Source : CapitaLine

5 News Update TCS (Value Strategy - ~7.58%) Tata Consultancy Services (TCS), India's largest software services firm, has been selected by Dutch insurance firm REAAL N.V. to develop and modernize mainframe applications and servicing the company's life insurance portfolio. TCS was up 3.78% at Rs 2, The stock hit record high of Rs 2,397 on 27 th June The five-year engagement will be focused on building a scalable and best-in-class technology platform for REAAL N.V. as it looks to increase agility across the business, TCS said in a statement. "Across the insurance sector, there is a growing need to provide flexible parameters in line with business portfolio. This is a significant milestone for TCS in the Dutch life insurance market," TCS Director (Benelux) Amit Kapur said. TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally to deliver consistent results to its customers. Its Benelux operations comprise over 5,000 professionals working across Netherlands, Belgium and Luxembourg. Source: Business Standard The given Stock is a part of portfolio of a model client of Value Strategy as on June 27 th The stock forming part of the existing portfolio under Value Strategy may or may not be bought for new client. Name of the PMS Strategy does not in any manner indicate its future prospects and returns. Above information is merely replication of the data / news already available in public and should not be construed as recommendations from MOAMC.

6 News Update Tech Mahindra (Value Strategy - ~8.85%) Shares of Tech Mahindra were up nearly 3% on 26 th June 14 after the company forged a strategic alliance with Finland-based Comptel and opened a Centre of Excellence at Pune to support communications service providers with their compled OSS/BSS transformation projects. The CoE is focused on developing and enabling CSPs with fulfillment solutions that support their service innovation and delivery objectives, the company said in a release. "The CoE is an ideal platform for showcasing how Comptel's robust suite of fulfillment solutions, combined with our delivery expertise, can accelerate CSPs' IT and business transformations. We are committed to building and maintaining this relationship for the long run." the release said quoting Murali Madhavan, OSS Head, Tech Mahindra. The stock opened at Rs 2,050 and touched a high of Rs 2,102 so far. Over 700,000 shares were traded on both the stock exchanges on 27 th June Source: Business Standard The given Stock is a part of portfolio of a model client of Value Strategy as on June 27 th The stock forming part of the existing portfolio under Value Strategy may or may not be bought for new client. Name of the PMS Strategy does not in any manner indicate its future prospects and returns. Above information is merely replication of the data / news already available in public and should not be construed as recommendations from MOAMC.

7 PMS Strategies Performance Portfolio 1 Week 3 Months 1 Year 3 Years 5 Years Value Strategy CNX Nifty NTDOP Strategy CNX Midcap Focused V Strategy NA S&P BSE NA Bulls Eye Strategy S&P BSE Returns are ABSOLUTE for <1 yr and COMPOUND ANNUALIZED for >=1 yr.the above strategies returns are of a Model Client as on June 27 th Returns of individual clients may differ depending on factors such as time of entry/exit/additional inflows in the strategies. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Name of the PMS Strategies do not in any manner indicates its future prospects and returns.

8 Risk Disclosure And Disclaimer Disclaimer: This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions. The information / data herein alone is not sufficient and shouldn t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, estimates and data included in this presentation are as on date and are subject to change without notice. While utmost care has been exercised while preparing this document, Motilal Oswal Asset Management Company Limited does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible / liable for any decision taken on the basis of this presentation. No part of this document may be duplicated in whole or in part in any form and/or redistributed without prior written consent of the Motilal Oswal Asset Management Company Limited. Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice. Investments in Securities are subject to market and other risks and there is no assurance or guarantee that the objectives of any of the strategies of the Portfolio Management Services will be achieved. Clients under Portfolio Management Services are not being offered any guaranteed/assured returns. Past performance of the Portfolio Manager does not indicate the future performance of any of the strategies. The name of the Strategies do not in any manner indicate their prospects or return. The investments may not be suited to all categories of investors. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Neither Motilal Oswal Asset Management Company Ltd. (MOAMC), nor any person connected with it, accepts any liability arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice. Opinions, if any, expressed are our opinions as of the date of appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. The Portfolio Manager is not responsible for any loss or shortfall resulting from the operation of the strategy. Recipient shall understand that the aforementioned statements cannot disclose all the risks and characteristics. The recipient is requested to take into consideration all the risk factors including their financial condition, suitability to risk return, etc. and take professional advice before investing. As with any investment in securities, the Value of the portfolio under management may go up or down depending on the various factors and forces affecting the capital market. Disclosure Document shall be obtained and read carefully before executing the PMS agreement. Prospective investors and others are cautioned that any forward - looking statements are not predictions and may be subject to change without notice. For tax consequences, each investor is advised to consult his / her own professional tax advisor. This document is not for public distribution and has been furnished solely for information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. No part of this material may be duplicated in any form and/or redistributed without MOAMC s prior written consent. Distribution Restrictions This material should not be circulated in countries where restrictions exist on soliciting business from potential clients residing in such countries. Recipients of this material should inform themselves about and observe any such restrictions. Recipients shall be solely liable for any liability incurred by them in this regard and will indemnify MOAMC for any liability it may incur in this respect.

9 Got any questions? Need data to make a case for equities or research inputs to restructure client portfolios? Write back to our Motilal Oswal PMS Advisory Team: amc_advisory_desk@motilaloswal.com; wasim.shaikh@motilaloswal.com Think Equity. Think Motilal Oswal AMC. Visit: Thank You

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