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  • ECONOMY UPDATES
  • MUTUAL FUNDS / SCHEMES UPDATES
    Birla Sun Life Mutual Fund launches Equity Savings Fund:
  • Sundaram Mutual Fund announces launch of Sundaram World Brand Fund:

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SENSEX

Weekly Updates

EQUITY MARKET OVERVIEW

The market has been range bound this week with the Nifty trading between 8300 and 8400 most of the time. Global indices too have been range bound. The commodities especially oil remains weak and has now fallen below the 80$ mark.

Economic indicators in India have been positive. The Index of Industrial production for September came in at 2.5% whereas Consumer price inflation for October eased to 5.5%. The market reaction to this however was a bit muted which could be because the numbers were in line with expectation and also because the RBI governor seems unlikely to cut rates in a hurry.

As for the results, most of the PSU banks showed stress in asset quality which could be because of more aggressive recognition as well.

Amongst other results, IPCA and Cipla both were below expectation and so was BHEL. PTC finance was better than expected adjusting for the one time write off. Britannia to was better than expected.

We expect the market is likely to remain range bound next week.



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Mutual Funds

HDFC Tax Saver
Nav as on 11/13/2014 70.13
1 year annualised returns 62.62 br/>
Since inception 30.16

DSP Blackrock Top 100 Equity Fund
Nav as on 11/13/2014 25.02
1 year annualised returns 42.26
Since inception 26.34 br/>

Birla Sun Life Forntline Equity Fund
Nav as on 11/13/2014 28.60
1 year annualised returns 49.83
Since inception 25.18 br/>

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Dividend Announcement

Scheme Current NAV Div. % Record Date
Kotak Sensex ETF287.556%Nov 21, 2014
Kotak PSU Bank ETF405.1819%Nov 21, 2014

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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