EQUITY MARKET OVERVIEW
The market ended on a positive note this week on the back of positive global cues. The biggest news was of course the sale of Essar Oil and its impact on the Bank’s balance sheet.
ICICI bank seems to be the largest beneficiary and it gained significantly during the week
Out of the results declared, Software continued to show weak numbers for the quarter. Biocon and Syngene, both came up with great numbers. In both the cases beating estimates. Both stocks can be accumulated. Other results like Praj results were not so great.
In general, result season continues to be a mixed bag and the market may continue to move on global cues
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HDFC Tax Saver
Nav as on 21/10/2016 61.68
1 year annualised returns 10.70
Since inception 27.43
DSP Blackrock Top 100 Equity Fund
Nav as on 21/10/2016 23.25
1 year annualised returns 13.54
Since inception 23.50
Birla Sun Life Forntline Equity Fund
Nav as on 21/10/2016 27.94
1 year annualised returns 12.44
Since inception 22.87
|Scheme ||Current NAV ||Div. % ||Record Date|
|L & T Emerging Business Fund||19.100||1.50||Oct 21, 2016|
|ICICI Prudential Dynamic Plan||23.639||2.250||Oct 21, 2016|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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