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  • ECONOMY UPDATES
  • MUTUAL FUNDS / SCHEMES UPDATES
    Birla Sun Life Mutual Fund launches Emerging Leaders Fund - Series 5
  • Sundaram Mutual launches two tax savings funds NFOs

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SENSEX

Weekly Updates

EQUITY MARKET OVERVIEW

The market traded with weak sentiments for the first two days of the week with the Nifty at its lowest point trading below the 8000 mark. The bad sentiment was a result of a weak global cues as well as high trade deficit in India. However the market managed to gain all the losses that it sustained in the first half of the week to close at 8225.20

This was once again driven by the US Fed’s comments that the interest rates would remain unchanged at least for a couple of more meetings. Market rallied during the second half of the week along with other global markets.

Since the beginning of this year, the Sensex has gained nearly 30%. During this period, foreign institutional investors have bought $16.58 billion from local equity markets and $26.01 billion from the debt market.

Investors will be keenly looking at the progress of Parliament’s winter session that ends on 23 December and the results of the five-phase elections of Jharkhand and Jammu and Kashmir Assembly to be announced the same day for further cues on the markets.

The current week is likely to be a low volume week with a range bound market.


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Mutual Funds

HDFC Tax Saver
Nav as on 12/20/2014 70.65
1 year annualised returns 57.86 br/>
Since inception 30.03

DSP Blackrock Top 100 Equity Fund
Nav as on 12/20/2014 25.10
1 year annualised returns 38.26
Since inception 26.13 br/>

Birla Sun Life Forntline Equity Fund
Nav as on 12/20/2014 28.56
1 year annualised returns 45.81
Since inception 24.94 br/>

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Dividend Announcement

Scheme Current NAV Div. % Record Date
Tata Tax Saving Fund – Plan A68.67527.50Dec 19, 2014
L&T India Large Cap18.30413.00Dec 19, 2014

New Fund Offer

Scheme Structure Remarks Offer Period End
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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)).
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