EQUITY MARKET OVERVIEW
This week the market managed to move up by nearly 3.5% on the back of global cues. Global markets too were strong with US markets up nearly 3% for the week. The central government has started acting on policy matters now resolving long pending issues such as gas pricing and diesel deregulation.
The assembly results of Haryana and Maharashtra which went in favor of BJP also helped improve the sentiments. The momentum could continue in the market for some more time. However we would like to end with a cautious note that the market has not given any meaningful correction for a long time and it could happen any time.
We therefore believe that ideal investment strategy would be to buy on dips rather than reckless buying.
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HDFC Tax Saver
Nav as on 10/25/2014 66.36
1 year annualised returns 56.44 br/>
Since inception 29.88
DSP Blackrock Top 100 Equity Fund
Nav as on 10/25/2014 23.92
1 year annualised returns 33.59
Since inception 26.01 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 10/25/2014 27.98
1 year annualised returns 22.55
Since inception 24.68 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Franklin India Opportunities Fund||19.02||10%||Oct 25, 2014|
|Franklin Infotech Fund||26.925||20%||Oct 25, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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