EQUITY MARKET OVERVIEW
The markets continue to be in a correction mode with the Nifty close to the 8600 levels. The investors seem to be booking profits and globally too there seem to be a sudden lack of good news and the equity markets have been volatile.
The two major sectors in the market namely banking and technology seem to be stagnating. A lot of concerns are being raised especially on the Indian banking sector mainly the PSU banks. FIIs too have been reducing their exposure to this sector. The initial Q4 results from the technology sector have been soft contributing to the weakness in the market.
We do not think that this means that investors should abandon these sectors, as we believe that these sectors are likely to deliver far superior returns to the market over a longer period. In the short term however, (1-2 quarters, underperformance cannot be ruled out).
In the coming days, we do expect the market to correct a bit further.
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HDFC Tax Saver
Nav as on 16/04/2015 66.50
1 year annualised returns 44.99 br/>
Since inception 29.65
DSP Blackrock Top 100 Equity Fund
Nav as on 16/04/2015 23.96
1 year annualised eturns 39.39
Since inception 29.97 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 16/04/2015 30.94
1 year annualised returns 44.33
Since inception 25.02 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Tata Equity P/E Fund – Trigger Option A – 5% - Div||47.634||6||Apr 17, 2015|
|Kotak Equity Savings Scheme- Monthly Dividend||10.475||0.55||Apr 13, 2015|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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