EQUITY MARKET OVERVIEW
Turmoil in the Middle East especially a war between the rebels in Yemen and Saudi Arabia spooked the global equity markets this week and investors sold across the globe.
In the month of March, The Indian market is down almost 8% from the top. The US market too is down almost 4%. Oil has rebounded but has started retracting once again. If the conflict is not contained in the short term, it could further harm sentiments across globe.
With this fall, some of the froth in the market has settled down, however, the possibility of it going down some more cannot be ruled out as the quarterly results are unlikely to support current valuations of many stocks the short term.
Rather than looking at market levels, we continue to advocate a stock specific approach.
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HDFC Tax Saver
Nav as on 27/03/2015 63.06
1 year annualised returns 42.41 br/>
Since inception 29.38
DSP Blackrock Top 100 Equity Fund
Nav as on 27/03/2015 23.19
1 year annualised eturns 34.97
Since inception 25.76 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 27/03/2015 29.72
1 year annualised returns 40.25
Since inception 24.75 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|SBI Magnum Tax gain Scheme(D)||44.770||55||Mar 27, 2015|
|Franklin India Flexi Cap Fund(D)||19.043||17.50||Mar 27, 2015|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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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)
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a wholly owned subsidiary of Central Depository Services (India) Ltd. (CDSL)).
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