[image: PPFAS]<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com> *8th February 2010* *Inside this report...* Parag's View: Illusion of knowledge <#126ac7488f10abb2_pv> Mutual Fund - Monthly Income Plan (MIP) <#126ac7488f10abb2_mip> Colgate Palmolive (India) Ltd.: Q3 FY10 Result Update<#126ac7488f10abb2_colgate> Auto Pace: Monthly Nos - Janaury 2010 <#126ac7488f10abb2_autopace> *Parag's View: Illusion of knowledge* >From the Archives... We have often heard the phrase "knowledge is power." When making investment decisions, investors often resort to or follow predictions. Basic intuition would suggest that having more information should increase your knowledge and thus the accuracy of your predictions.
Empirical studies, however, indicate that additional information does not necessarily increase actual knowledge, and often leads to the wrong impression of having gained knowledge; this is known as the illusion of knowledge. Furthermore, seeking out and relying on information that is related, but is not relevant to your decision, can have the unwanted effect of decreasing the accuracy of your predictions, while simultaneously increasing your confidence in those predictions. more...<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php%23pv> *Mutual Fund - Monthly Income Plan (MIP)* Ashish Shah | [email protected] MIPs are a category of mutual funds that invest around 80% to 90% in debt instruments such as bonds, Govt. securities, T bills, CDs, CPs etc. and the balance around 10%-20% of the assets are invested into equity. MIPs are launched with the objective of giving a monthly income to investors, but the periodicity of payouts depends upon the option chosen by the investor. Dividend distribution options are monthly, quarterly, half-yearly and annual. A growth option is also available, where the investors do not receive regular dividends, but the gains are in the form of capital appreciation. Monthly Income Plans of mutual funds do not give a fixed rate of interest but a dividend. Unlike a bank or corporate fixed deposit, the frequency of the dividends or the rate of dividend are not guaranteed. The dividend is not fixed and is declared as a percentage of face value - which is Rs 10. MIPs can be a good option considering their exposure to debt instruments. These will help investors to maintain a low-risk portfolio and generate regular and stable returns under rising equity market scenario. more...<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php%23mip> *Colgate Palmolive (India) Ltd.: Q3 FY10 Result Update* Ruchak Mehta | [email protected] Colgate Palmolive (India) Ltd reported a good set of numbers for the quarter ended December 2009. The company's topline continued to grow well while increasing its market share in toothpastes and toothbrushes. On a Y-o-Y basis, the company's topline grew by 17%, to Rs.4,906.1 Mn from Rs.4,192.2 Mn. This was on the back of a strong 13% volume growth. Operating Profits shot up to Rs.1,008.3 Mn from Rs.745.7 Mn in Q3FY09, a jump of 35.22%. Apart from the growth in topline, the rise in OPM was primarily due to a cutdown in Other Expenditure. A&SP was increased by 59% y-o-y and stands at 15.3% of Sales which we feel is healthy. Consequently, Total Expenditure increased by only 13% and OPM improved by a strong 276 bps to 20.55%. Reported PAT stood at Rs.1,163.9 Mn as against Rs.777.4 Mn for the same period, the year before, an increase of 49.72% while EPS grew to Rs.8.6 from Rs.5.7. more...<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php%23colgate> *Auto Pace: Monthly Nos - Janaury 2010* Anuj Anandwala | [email protected] Begining January 2010, we initiate coverage on "Monthly Auto Nos." We would be covering the sector on a broader basis. Please find here attached, *Auto Pace: Monthly Nos - January 2010.* We would be glad to answer any queries with regard to this report. *Burning the Fast Lane - Month of Record Sales! **Auto Pace: Monthly Nos - January 2010* *A zipping start to calendar year 2010-* - marks a milestone in the automotive journey of the country. The sales growth achieved is significant in light of the low base effect created in the same period last year. Overall, January 2010 auto sales numbers were broadly in line with market expectations with continued momentum in car and motorcycle sales maintained. Truck sales were also boosted by a low base effect. Going ahead, demand outlook remains healthy as the auto industry is expected to break its boom-year sales record of 10 million units this fiscal at a growth of ~10%, projected by Society of Indian Automobile Manufactures (SIAM). The 10 million sales mark was last touched in 2006-07. more...<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php%23autopace> <http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fpdf-docs%2Fresearch%2Fweek-reports%2F2010%2Fwr080210.pdf> <http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php> <http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=https%3A%2F%2Fparagparikh.wiki.zoho.com%2F> <http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.facebook.com%2Fpages%2FPPFAS%2F169732744085> <http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fwhats-new%2Findex.php> Download PDF<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fpdf-docs%2Fresearch%2Fweek-reports%2F2010%2Fwr080210.pdf> View Full Report<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fresearch%2Fereports%2Fweek%2F080210%2Findex.php> Feedback<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=https%3A%2F%2Fparagparikh.wiki.zoho.com%2F> Become a Fan<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.facebook.com%2Fpages%2FPPFAS%2F169732744085> Screensaver<http://click.icptrack.com/icp/relay.php?r=18187138&msgid=310972&act=IW37&c=240789&destination=http%3A%2F%2Fwww.ppfas.com%2Fwhats-new%2Findex.php> If you have a query please email us at [email protected]. We would be glad to answer any queries with regard to this report. *Parag Parikh Financial Advisory Services Limited* 130/132, Great Western Building, 1st Floor, S.B.S. Marg, Near Lion Gate, Fort, Mumbai - 400 001 INDIA. Tel : 91 22 2284 6555 Fax : 91 22 2284 6553 This message was sent from Parag Parikh Research to [email protected]. It was sent from: PPFAS, 130/132, Great Western Building, Shahid Bhagat Singh Marg, Near Lion Gate, Fort,, Mumbai, Maharashtra 400001, India. You can modify/update your subscription via the link below. 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