EQUITY MARKET OVERVIEW
The Modi government is completing one year and the feel good factor seems to be wearing off, there is disappointment written everywhere. Even hard core Modi supporters grudgingly admit that it is taking longer than expected for ‘achhe din’ to come. With Bihar elections approaching, If the government doesn’t move fast to revive the economy, it could be tough for the NDA to look at improving its strength in the Rajyasabha.
We however believe that the NDA government is aware of this and expect the central government to take steps to increase business confidence.
The quarterly results declared so far too indicate that the economy continues to stagnate and the next quarter also may not be as great. This is likely to result in a stagnating market with a slight negative bias in the short term.
The May futures contracts expire on the 29th and the week is likely to witness volatility.
We continue to advise investors to accumulate on declines.
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HDFC Tax Saver
Nav as on 22/05/2015 63.62
1 year annualised returns 18.10 br/>
Since inception 29.17
DSP Blackrock Top 100 Equity Fund
Nav as on 22/05/2015 22.91
1 year annualised eturns 16.66
Since inception 25.27 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 22/05/2015 28.34
1 year annualised returns 25.75
Since inception 24.55 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|IDBI India Top 100 Equity Fund(D)||18.240||10.00||May 25, 2015|
|IDBI Diversified Equity Fund-Regular Plan(D)||16.830||10.00||May 25, 2015|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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