EQUITY MARKET OVERVIEW
The Nifty after reaching around 7975 has started faltering. 8000 is a major resistance for the market and crossing that is unlikely to be easy. The quarterly results declared so far have been more or less in line with expectation and not a cause to worry. However, the industrials and PSU banks are yet to come out with results and they would be crucial for the future trend of the market.
Global markets too have been trending down for the last couple of days. OPEC meeting has failed once again to reach consensus on production freeze and the oil prices are unlikely to go up in a hurry. The only thing that is helping oil prices now is the woes of Shale companies in the USA where many have stopped production.
Over all, the market is likely to remain range bound in the coming week and may trade between 7650 and 8000.
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HDFC Tax Saver
Nav as on 21/04/2016 52.20
1 year annualised returns -8.76
Since inception 27.14
DSP Blackrock Top 100 Equity Fund
Nav as on 21/04/2016 19.64
1 year annualised returns -5.16
Since inception 22.91
Birla Sun Life Forntline Equity Fund
Nav as on 21/04/2016 24.18
1 year annualised returns -1.36
Since inception 22.50
|Scheme ||Current NAV ||Div. % ||Record Date|
|ICICI Pru Equity Arbitrage Fund-Retail Plan(D)||13.72||0.53%||Apr 18, 2016|
|Religare Invesco Dynamic Equity Fund(D)||17.36||1.30%||Apr 18, 2016|
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