EQUITY MARKET OVERVIEW
The market continued to rise this week as well as FII inflow continued in earnest. Friday however the market did selloff a bit and so did most of the markets in the west.
The fundamentals however now are definitely lagging behind and we could soon see a correction. If one glances at the results announced during the week many of them were below expectation.
MMFSL, Biocon, Allahbad Bank, Shriram Transport, Thermax, KPIT, NIIT technologies etc. all fell short of expectation.
Many more results are yet to come however last few days indicate that it may take more time for revival. Modi government has completed 60 days and the nuance of this government would also start wearing off and this could result in a disappointment amongst investors and some correction.
We do believe that good times do lie ahead and this correction should be used to buy in to good quality stocks.
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HDFC Tax Saver
Nav as on 07/26/2014 62.96
1 year annualised returns 60.23 br/>
Since inception 29.96
DSP Blackrock Top 100 Equity Fund
Nav as on 07/26/2014 23.30
1 year annualised returns 35.39
Since inception 26.34 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 07/26/2014 26.84
1 year annualised returns 43.55
Since inception 24.80 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|Birla Sun Life Small & Mid Cap||16.42||15.0%||Jul 24, 2014|
|Birla Sun Life Mid Cap||25.80||25.0%||Jul 24, 2014|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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