EQUITY MARKET OVERVIEW
The market so far for the month of July is up by about 1.8% however the volatility has been very high and may continue to be so not because of global events but more on account of local cues. Keeping aside the political tangle, India should actually be the beneficiary of falling commodity and crude prices as it is the user of these commodities.
One look at the Economist commodity index clearly brings this out. During last one year, oil is down 51%, Food index is down 8% industrials are down 21% and metals are down 22.6%.
The benefit of this should start percolating in lower prices which could spur higher demand.
The quarterly results continue to be a mix bag. Financials continue to show stress and higher write-offs. Autos and FMCG results have been mostly in line so far.
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HDFC Tax Saver
Nav as on 24/07/2015 64.40
1 year annualised returns 10.18
Since inception 28.92
DSP Blackrock Top 100 Equity Fund
Nav as on 24/07/2015 23.96
1 year annualised eturns 12.81
Since inception 25.33
Birla Sun Life Forntline Equity Fund
Nav as on 24/07/2015 29.09
1 year annualised returns 19.02
Since inception 24.40
|Scheme ||Current NAV ||Div. % ||Record Date|
|Baroda Pioneer Growth Fund||39.490||35.00||Jul 24, 2015|
|Birla Sun Life Pure Value Fund (D)||28.74||30%||Jul 24, 2015|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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