EQUITY MARKET OVERVIEW
The market remained in a trading range last week with Nifty closing in the positive. This week interestingly bank stocks moved up on the last trading day. If this was on account of any expectation of a rate cut from the RBI in the coming days, the hopes will be belied. We do not expect any change in the RBI policy in the coming week and expect the rates to be maintained, especially when the US Fed in all probability is likely to raise rates in the coming month.
All eyes would of course be on the political stage in Delhi where the ruling NDA tries to cobble a consensus to push through the GST bill. However, a strong opposition is likely to result in a much diluted GST bill to go through. But even then it is likely to be a sentiment booster for the market.
The global commodity index continues to remain week and is down more than 20% during last one year. For India this is good, but some of the impact is negated by the strength of the Dollar. Even this week the rupee continued to remain weak. However, looking at the low current account deficit, we do not expect the INR to remain soft for long.
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HDFC Tax Saver
Nav as on 27/11/2015 61.91
1 year annualised returns -5.43
Since inception 28.12
DSP Blackrock Top 100 Equity Fund
Nav as on 27/11/2015 22.47
1 year annualised returns -1.84
Since inception 23.94
Birla Sun Life Forntline Equity Fund
Nav as on 27/11/2015 24.10
1 year annualised returns 0.84
Since inception 23.23
|Scheme ||Current NAV ||Div. % ||Record Date|
|Fund(D) Large Cap 15.810 12.50% 27th November 2015||37.540||22.00||Nov 27, 2015|
|Canara Robeco Large Cap+ Fund(D)||15.81||12.50||Nov 27, 2015|
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|Scheme ||Structure ||Remarks ||Offer Period End|
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