EQUITY MARKET OVERVIEW
(Updated on Every Sunday)Read more...
Increasing allocation from Foreign funds drove the market to a new high yesterday with the Nifty crossing 6500 for the first time. Many Foreign investors seem to be betting on a NDA led government coming to power. The opinion polls as of now are indicating a reasonable lead for the NDA, but it is still short of a majority. The mood of the electorate seems to be desirous of a change and for good governance.
For portfolio allocation, we advise our investors to adopt caution. We would continue to advise being overweight on economy sensitive stocks and asset owners, and underweight on oil and gas. We would be equal weight on sectors like banking and Finance, Technology, Pharma and slightly underweight on FMCG.
As for the markets, we think that we may see some selling emerging at around 6600-6700 levels that could bring down the market between 6350-6450 which is likely to be the new base for the market.
HDFC Tax Saver
Nav as on 03/08/2014 53.21
1 year annualised returns 12.01 br/>
Since inception 28.58
DSP Blackrock Top 100 Equity Fund
Nav as on 03/08/2014 18.82
1 year annualised returns 7.19
Since inception 24.93 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 03/08/2014 22.70
1 year annualised returns 14.23
Since inception 23.35 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|HDFC Top 200 Fund||39.4050||40.0%||Mar 06, 2014|
|Tata Equity Opportunities Fund||24.0590||12.00||Mar 07, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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)).
Or read more...