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Weekly Updates

EQUITY MARKET OVERVIEW

Global equity markets remain weak and volatile. Last couple of days of this week specially; the Indian market has been down along with almost all the other equity markets. Concerns are being raised once again on the global economic recovery and specifically on economic condition in China and Europe.

Devaluation of Yuan too has added fuel to the fire. The Nifty now trades a below the 8300 mark. The immediate support is likely to be at around 8250.

We expect the market to remain range bound in the short term and do not see any immediate upside. Chances of rate cut by the RBI seem low now especially with the INR trading at 65.80 to a USD.

In the current global economic environment, India is likely to be favoured by investors over China. However, if the appetite for equities itself goes down, then there may be sell off in India as well.

We keep our fingers crossed.


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Mutual Funds

HDFC Tax Saver
Nav as on 21/08/2015 64.04
1 year annualised returns 6.740
Since inception 28.79

DSP Blackrock Top 100 Equity Fund
Nav as on 21/08/2015 23.39
1 year annualised eturns 8.95
Since inception 24.91

Birla Sun Life Forntline Equity Fund
Nav as on 21/08/2015 28.57
1 year annualised returns 15.23
Since inception 24.10

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Dividend Announcement

Scheme Current NAV Div. % Record Date
Birla Sun Life New Millennium(D)19.9620Jul 31, 2015
ICICI Prudential R.I.G.H.T. Fund(D)26.3721.50Jul 31, 2015

New Fund Offer

Scheme Structure Remarks Offer Period End
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Know Your Client

In order to comply with regulatory provisions under the Prevention of Money Laundering Act 2002, Rules issued there under and related guidelines/circulars issued by SEBI, KYC formalities are required to be completed for all Unit Holders, including Guardians and Power of Attorney holders, for any investment (whether new or additional purchase) of Rs. 50,000 or more in mutual funds. For the convenience of investors in mutual funds, all mutual funds have made special arrangements with CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository Services (India) Ltd. (CDSL)).
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Sagar Investments