EQUITY MARKET OVERVIEW
The market ended on a sluggish note this week with the Nifty closing down by about 0.66%. Global economy continues to remain sluggish and this continues to have impact on the Indian exports as well. Our interaction with APM Terminals indicates that though the economy has not worsened, it has not improved significantly as well. The growth remains extremely sluggish.
Many companies also voice the fact that though the official statistics states that the GDP has been growing at more than 7.5%, the growth witnessed by them is much lower than the GDP which is unusual, as growth witnessed earlier was always significantly greater than the GDP.
The negative IIP growth for the first month of FY17 also is a pointer in that direction.
However, we believe that a good monsoon (the probability of which is high) could change this sluggishness in course of time and advice investors to stay invested and add on dips.
(Updated on Every Sunday)Read more...
HDFC Tax Saver
Nav as on 09/06/2016 54.05
1 year annualised returns -0.54
Since inception 27.16
DSP Blackrock Top 100 Equity Fund
Nav as on 09/06/2016 20.38
1 year annualised returns 2.40
Since inception 22.99
Birla Sun Life Forntline Equity Fund
Nav as on 09/06/2016 25.28
1 year annualised returns 6.20
Since inception 22.66
|Scheme ||Current NAV ||Div. % ||Record Date|
|IDFC Equity Opportunity –Series 2 -Regular||10.57||8.50%||Jun 06, 2016|
|LIC Nomura Fund(D)||15.62||1.00%||Jun 06, 2016|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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)).
Or read more...