Report as of 24 Oct 2014

Morningstar Portfolio X-Ray : P SRINIVASA RAJU Portfolio

Asset Allocation

Top 10 Countries

Asset Allocation

% Long

Stocks
Bonds
Cash
Other
Not classified

96.64
0.00
3.36
0.20
0.00

% Short

0.00
0.00
0.19
0.00
0.00

% Net

Country

Assets

India

96.64
0.00
3.17
0.20
0.00

Equity %

Country

Equity %

100.00

World Regions
Americas

Greater Europe

<25

25-50

Equity %

Greater Asia

50-75

>75

Equity %

Equity %

Greater Europe

0.00

Americas

0.00

Greater Asia

100.00

United Kingdom
Western Europe - Euro
Western Europe - Non Euro
Emerging Europe
Middle East / Africa

0.00
0.00
0.00
0.00
0.00

United States
Canada
Central & Latin America

0.00
0.00
0.00

Japan
Australasia
Emerging 4 Tigers
Emerging Asia - Ex 4 Tigers

0.00
0.00
0.00
100.00

Not Classified: 0.00%

Stock Sectors

De

fen
siv

ve

siti

Sen

Portfolio

Equity %

Equity %

Equity %

h Cyclical

48.56

j Sensitive

35.28

k Defensive

16.16

r
t
y
u

9.19
15.39
23.93
0.05

i Communication
Services
o Energy
p Industrials
a Technology

1.37

s Consumer Defensive
d Healthcare
f Utilities

3.73
10.25
2.18

Basic Materials
Consumer Cyclical
Financial Services
Real Estate

Cyclical

8.51
12.93
12.46

Not Classified: 0.00%

Investment Style
38

Size
Large

16

Mid

Small

2
Value
Style

Blend

0-10

10-25

Equity Style

Price/Book Ratio
Price/Earnings Ratio
Price/Cashflow Ratio

Growth
25-50

Portfolio

1.93
15.28
4.62

Fixed-Income Style

Portfolio

Effective Duration
Effective Maturity (Y)
Average Credit Quality

Low

15

Credit Quality
High
Med

Ltd
Mod
Ext
Interest Rate Sensitivity
>50

0-10

10-25

25-50

>50

Top 10 Underlying Holdings

Assets %

Name

Type

Sector

Country

3.53
3.38
3.12
2.43
2.40

Aurobindo Pharma Ltd

State Bank of India
Infosys Ltd
Bank of Baroda
ICICI Bank Ltd

Equity
Equity
Equity
Equity
Equity

Healthcare
Financial Services
Technology
Financial Services
Financial Services

India
India
India
India
India

2.05
1.90
1.85
1.75
1.74

Oil India Ltd

Larsen & Toubro Ltd
Axis Bank Ltd
Maruti Suzuki India Ltd
Tata Motors Ltd Class A

Equity
Equity
Equity
Equity
Equity

Energy
Industrials
Financial Services
Consumer Cyclical
Consumer Cyclical

India
India
India
India
India

2014 Morningstar. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar Inc. and are used under license. The information provided hereunder is not warranted
to be complete, accurate or timely and neither Morningstar nor any of its affilliates shall be liable for any damages arising from its use.

Report as of 24 Oct 2014

Morningstar
Performance X-Ray : P SRINIVASA
RAJU Portfolio
Benchmark
Performance Date
Global Large-Cap Blend Equity

30 Sep 2014

Performance
Growth Of 10,000 INR

Portfolio

Benchmark
80
60
40
20
0k

Quarterly Performance Relative To Benchmark

20.00%
0.00
-20.00
2005

2006

2007

2008

Trailing Returns

2009

2010

2011

2012

2013

Portfolio %

+/- Benchmark

Time Period Return

Best %

Worst %

6.31
35.18
76.80
24.50
18.97
47.42

7.38
31.59
70.23
0.99
5.72
46.47

3 Months
6 Months
1 Year
3 Years Annualized
5 Years Annualized

59.57 (Feb 09-May 09)

90.37 (Apr 03-Oct 03)
141.03 (Apr 03-Apr 04)
79.62 (Mar 03-Mar 06)
57.78 (Oct 02-Oct 07)

-34.90 (Aug 08-Nov 08)

-38.99 (May 08-Nov 08)
-48.99 (Nov 07-Nov 08)
-9.25 (Feb 00-Feb 03)
6.73 (Dec 07-Dec 12)

3 Months
6 Months
1 Year
3 Years Annualized
5 Years Annualized
YTD
Return Analysis

Correlation Matrix

Underlying Holdings

Portfolio

Benchmark

3 Yr Mean
28.00
1
26.00

1
2

1.00
0.93

1.00

24.00

22.00
2

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

20.00

22.00

24.00

18.00

1.00 To 0.60

3-Yr Standard Deviation

Top 10 Portfolio Holdings

1
2

0.60 To 0.20

0.20 To -0.20

-0.20 To -0.60

-0.60 To -1.00

Statistics

Name

Assets

Mean

Std Dev

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

55.01
44.99

26.76
20.30

18.56
20.61

Risk And Return Statistics

Standard Deviation
Mean
Sharpe Ratio
MPT Statistics

Alpha
Beta
R-Squared
Information Ratio
Tracking Error

3 Yr

5 Yr

19.12
23.85
0.86

17.91
19.05
0.73

3 Yr

5 Yr

19.56
-0.25
2.03
0.06
22.95

12.24
0.09
0.40
0.28
20.72

2014 Morningstar. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar Inc. and are used under license. The information provided hereunder is not warranted
to be complete, accurate or timely and neither Morningstar nor any of its affilliates shall be liable for any damages arising from its use.

Report as of 24 Oct 2014

Holding Overlap
Holding Overlap
The portfolio date is the most recent available for full holdings disclosure in the database. It could be that two funds have a different portfolio date. Please see disclosure pages for details.
Weight in

Underlying Holding / Portfolio Holding

ISIN

Portfolio (%)

Weight in Holding

Sector

Portfolio Date

(%)

3.53

Aurobindo Pharma Ltd

INE406A01037

1.93
1.60

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

2.43

Bank of Baroda

INE028A01013

1.13
1.29

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

2.05

Oil India Ltd

INE274J01014

0.88
1.17

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.85

Axis Bank Ltd

INE238A01034

1.06
0.79

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.63

Voltas Ltd

INE226A01021

1.36
0.27

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.52

Hindustan Petroleum Corp Ltd

INE094A01015

1.09
0.43

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.47

Crompton Greaves Ltd

INE067A01029

0.34
1.13

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.36

Union Bank of India

INE692A01016

1.03
0.33

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.29

Divi's Laboratories Ltd

INE361B01024

1.13
0.17

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

1.28

Punjab National Bank

INE160A01014

0.87
0.41

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

INF179K01CR2
INF179K01BE2

d Healthcare

3.51
3.56

2.06
2.88

1.61
2.59

1.93
1.76

30 Sep 2014
30 Sep 2014

y Financial Services

30 Sep 2014
30 Sep 2014

o Energy

30 Sep 2014
30 Sep 2014

y Financial Services

30 Sep 2014
30 Sep 2014

p Industrials

2.46
0.61

1.97
0.96

0.62
2.51

1.87
0.74

2.05
0.37

1.57
0.92

30 Sep 2014
30 Sep 2014

o Energy

30 Sep 2014
30 Sep 2014

a Technology

30 Sep 2014
30 Sep 2014

y Financial Services

30 Sep 2014
30 Sep 2014

d Healthcare

30 Sep 2014
30 Sep 2014

y Financial Services

2014 Morningstar. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar Inc. and are used under license. The information provided hereunder is not warranted
to be complete, accurate or timely and neither Morningstar nor any of its affilliates shall be liable for any damages arising from its use.

30 Sep 2014
30 Sep 2014

Report as of 24 Oct 2014

Portfolio Holdings

Performance Date

30 Sep 2014

Portfolio Holdings
Total 2 Holdings

HDFC Mid-Cap Opportunities Fund Growth

HDFC Top 200 Fund Growth

Type

Fund
Fund

Holding

Morningstar

Portfolio Date

Rating

30 Sep 2014
30 Sep 2014

QQQQQ
QQQQ

1 Year

3 Years

5 Years Market Value

Assets

(INR)
33498.30
27397.20

(%)
55.01
44.99

Annualized Annualized

91.44
60.04

28.22
19.90

23.50
13.48

2014 Morningstar. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar Inc. and are used under license. The information provided hereunder is not warranted
to be complete, accurate or timely and neither Morningstar nor any of its affilliates shall be liable for any damages arising from its use.

Report as of 24 Oct 2014

Disclosure
The performance data given represents past performance and should not be
considered indicative of future results.
The fund(s) returns do not reflect active trading and do not necessarily reflect
the results that might have been achieved by active management of the
account. The investment returns of other clients of the adviser may differ
materially from the investment portrayed.
Asset Allocation
This pie chart and table shows the portfolio's exposure to the following broad
asset classes: Stocks, Bonds, Cash and Other. The Other category represents
an asset class that Morningstar recognizes but classifies outside of the asset
classes listed above. (For example, real estate is typically classified as Other.)
Not Classified is for those securities Morningstar does not recognize or track.
The tables adjacent to the pie chart identify the net asset allocation
percentages of the portfolio, as well as the component long positions (assets)
and short or marginal positions (liabilities) of the portfolio.
World Regions
This data set provides a broad breakdown of a portfolios geographical
exposure, by region and by market maturity. Only non-cash equity assets are
evaluated in determining the exposures. Not Classified indicates the
percentage of the equity portion of the portfolio for which Morningstar is
unable to assess region or origin.
Stock Sector
This table shows the percentage of the portfolios equity assets invested in
each of the three supersectors (information, service, and manufacturing
economies) and 12 major industry subclassifications, in comparison with a
benchmark. The Sector Graph accompanying the table demonstrates the
sector orientation of the portfolio in relation to the Morningstar Broad Market
Index.) Not Classified is for those securities Morningstar does not recognize
or track. The percentage of each sector that composes the benchmark index
(Rel Bmark) is also listed.
Top 10 Underlying Holdings
This listing indicates the most heavily weighted underlying holdings in the
portfolio, up to 10, identifying the percentage of assets that each represents
in the portfolio, the security type, the sector classification, and the country
of origin. The portfolio date is the most recent available for full holdings
disclosure in Morningstar's database. It could be that two funds have a
different portfolio date, depending on portfolio availability in the database.
Total Return
Total return reflects performance without adjusting for sales charges or the
effects of taxation, but is adjusted to reflect all actual ongoing fund expenses
and assumes reinvestment of dividends and capital gains. If adjusted, sales
charges would reduce the performance quoted.
Portfolio and benchmark returns are calculated by asset-weighting the
monthly returns of the underlying holdings and thus reflect the pretax results
an investor would have achieved by rebalancing the portfolio on a monthly
basis. These same returns are used to calculate all returns-based statistics.
Returns for individual holdings are trailing total returns.

Risk and Return Profile

R-squared reflects the percentage of a fund's movements that are explained
by movements in its benchmark index, showing the degree of correlation
between the fund and the benchmark.
Beta is a measure of a fund's sensitivity to market movements. A portfolio
with a beta greater than 1 is more volatile than the market, and a portfolio
with a beta less than 1 is less volatile than the market.
Alpha measures the difference between a fund's actual returns and its
expected performance, given its level of risk (as measured by beta).
The Sharpe Ratio is a risk-adjusted measure calculated by using standard
deviation and excess return to determine reward per unit of risk. The higher
the Sharpe Ratio, the better the fund's historical risk-adjusted performance.
The Sharpe Ratio is calculated for the past 36-month period by dividing a
fund's excess returns by the standard deviation of a fund's excess returns.
Since this ratio uses standard deviation as its risk measure, it is most
appropriately applied when analysing a fund that is an investors sole holding.
The Sharpe Ratio can be used to compare two funds directly on how much
risk a fund had to bear to earn excess return over the risk-free rate.
The standard deviation shows how far a set of values are spread above and
below the average for a particular fund type. If the standard deviation is a
high number positive or negative then the fund has performed that far below
or above the average. If the standard deviation is low then the fund has
performed closer to the average.
Mean is the annualised performance of a fund over three years.
Growth Graph
The graph compares the growth of a fund with that of an index and with that
of the average for all funds in its Morningstar category. The total returns are
not adjusted to reflect sales charges or the effects of taxation, but are
adjusted to reflect actual ongoing fund expenses, and assumes reinvestment
of dividends and capital gains. If adjusted, sales charges would reduce the
performance quoted. The index is an unmanaged portfolio of specified
securities and the index and the category average do not reflect any initial
or ongoing expenses. A fund's portfolio may differ significantly from the
securities in the index. The index is assigned by Morningstar and may differ
from that in the fund's prospectus.
Risk Scatter Graph
The risk / reward scatter plot is based on each holding's risk and return over
the most recent three-year period. Risk is measured as 3-year standard
deviation of return. Return is measured as 3 year mean return. The risk /
reward scatter plot also contains the portfolio's risk and return.
Correlation Matrix
The matrix shows the performance correlation between different holdings. A
correlation of 1 indicates the two holdings move in the same direction, a
correlation of -1 indicates the two holdings move in opposite directions and
a correlation of 0 means that no correlation could be found. A correlation of
-1 will offer maximum diversification.

2014 Morningstar. All rights reserved. Morningstar and the Morningstar logo are either trademarks or service marks of Morningstar Inc. and are used under license. The information provided hereunder is not warranted
to be complete, accurate or timely and neither Morningstar nor any of its affilliates shall be liable for any damages arising from its use.