EQUITY MARKET OVERVIEW
The market closed at a new high on Friday with the Nifty closing at 7913. Last week, the market has generally shown a positive bias on the back of global cues. There seem to be some green shoots in the economy as well, but these are still early days. The market is still gyrating on global cues and these continue to be mixed.
One thing that is working in India’s favour is the falling crude prices as this reduces the government’s subsidy burden and therefore the fiscal deficit as well.
Globally though the Ukraine issue continues to blow hot, blow cold. Overnight, the Russian troop’s entry in to Ukraine has once again started worrying investors.
In the other event that was closely watched, US Fed Chief Yellen in her speech to bankers did not give out much but did say that the US Fed may raise rates earlier and faster than expected. The speech in general was slightly away from the earlier dovish approach.
In the given scenario the market is likely to be range bound for some more time.
As for investing strategy, SIP may continue to be the best bet.
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HDFC Tax Saver
Nav as on 08/23/2014 65.88
1 year annualised returns 78.97 br/>
Since inception 30.14
DSP Blackrock Top 100 Equity Fund
Nav as on 08/23/2014 24.00
1 year annualised returns 50.99
Since inception 26.47 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 08/23/2014 27.60
1 year annualised returns 58.87
Since inception 24.91 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Canara Robeco Infrastructure||24.080||13%||Aug 22, 2014|
|Franklin India High Growth Companies Fund||20.8111||10%||Aug 22, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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