Most of the news that was likely to impact is behind us right now, be it demonetization, the impact of the same on corporate performance as also the policy announcements of the new regime at the White house and of course the Reserve Bank policy.
The markets have braved all of this and are up consistently for the past three weeks. The next major trigger for the market is likely to be the results of the assembly elections currently being conducted across different states the key ones being Punjab and UP. The chance of BJP losing in both seems likely now.
The results however do not seem to be discounted in the market currently. The quarterly results are through and most of the companies have weathered the storm of demonetization.
Industrial output did shrink in November by 0.4%. So the impact of demonetization may be felt in this quarter as well. However from Q1 of FY18, things should be back on track.
The market may move sideways in the short term.
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HDFC Tax Saver
Nav as on 09/2/2017 64.64
1 year annualised returns 3
Since inception 27.27
DSP Blackrock Top 100 Equity Fund
Nav as on 09/2/2017
1 year annualised returns 28.29
Since inception 22.86
Birla Sun Life Forntline Equity Fund
Nav as on 09/2/2017 25.27
1 year annualised returns 26.30
Since inception 22.38
|Scheme ||Current NAV ||Div. % ||Record Date|
|Reliance Banking Fund(D)||51.21||50.00||Feb 10, 2017|
|DSP Blackrock Tax saver Fund(D)||16.26||4.00%||Feb 10, 2017|
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