Follow us on:     

Latest News  |  IPO

  • ECONOMY UPDATES
  • MUTUAL FUNDS / SCHEMES UPDATES

Read more...

BSE  |  NSE

SENSEX

Weekly Updates

EQUITY MARKET OVERVIEW

The Indian market has been extremely volatile this week and after falling in the first half, has given a semblance of recovery in the last two days. The US markets closed lower on Friday, but in general, the fear of global slowdown once again, could recede going forward.

The quarterly results do indicate that though, we are not seeing a significant improvement in performance due to lack of demand, the benefits of lower raw material prices have started trickling in.

The government on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market.

The quarterly results do indicate that though, we are not seeing a significant improvement in performance due to lack of demand, the benefits of lower raw material prices have started trickling in.

The government on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market.

This move could be followed by higher customs duty imposition as well. The move will benefit the steel industry as well as the Banks as this could improve the fortunes of steel companies leading to improved loan servicing.

All in all we do believe that we have already seen the bottom for the economy and the market.


(Updated on Every Sunday)Read more...

Mutual Funds

HDFC Tax Saver
Nav as on 04/02/2016 53.45
1 year annualised returns -19.63
Since inception 26.86

DSP Blackrock Top 100 Equity Fund
Nav as on 04/02/2016 18.30
1 year annualised returns -14.74
Since inception 22.65

Birla Sun Life Forntline Equity Fund
Nav as on 04/02/2016 22.51
1 year annualised returns -10.60
Since inception 22.24

Read more...

Dividend Announcement

Scheme Current NAV Div. % Record Date
IDFC Imperial Equity Fund -Regular Plan(D)10.6410%Jan 28, 2016
UTI Long Term Equity Fund(D)17.0325.00Jan 25, 2016

New Fund Offer

Scheme Structure Remarks Offer Period End
Read more...

 

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)).
Download form Or read more...

Advertisement Banner

 

 

Sagar Investments