EQUITY MARKET OVERVIEW
On a rolling 12 month basis, the Nifty is almost flat now and has recovered all its losses. The monsoon too is progressing well and is now in surplus for the season. Though there is still a long way to go, it is most likely that it will be a normal monsoon this year. This coupled with the pay increase to the government employees as per the pay commission recommendation is likely to boost cash flow in the hands of the population and in turn lead to a push to consumption.
The hanging issue of the GST bill is also likely to be resolved and this could further boost sentiments and could lead to significant improvement in sentiment.
This could result in the market testing the previous high, irrespective of weak quarterly results.
Out of the results declared so far, TCS was in line with expectation however Infosys disappointed a bit. It has revised the guidance for the year as well. Reliance once again delivered on the GRMs. So in general it has been a mixed bag.
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HDFC Tax Saver
Nav as on 14/07/2016 57.61
1 year annualised returns 1.25
Since inception 27.42
DSP Blackrock Top 100 Equity Fund
Nav as on 14/07/2016 21.47
1 year annualised returns 1.21
Since inception 23.29
Birla Sun Life Forntline Equity Fund
Nav as on 14/07/2016 26.49
1 year annualised returns 4.96
Since inception 22.90
|Scheme ||Current NAV ||Div. % ||Record Date|
|Kotak Classic Equity –Regular(D)||19.69||5.00%||Jul 18, 2016|
|Kotak Equity Saving Fund-Regular Plan(MD)||10.60||0.42%||Jul 18, 2016|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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