EQUITY MARKET OVERVIEW
The market for the June series ended on a flat note but June did experience a lot of volatility. The volatility is likely to continue for some more time as there are uncertainties on the global arena as well as on the national front.
Globally, there are issues relating to the Greece debt. The Greek PM is now planning a referendum on the issue. The issue does have potential of escalation resulting in Greek exit from the Eurozone. RBI governor Mr. Raghuram Rajan has warned of a 1930 type depression engulfing the world unless the central bankers take cognizance of the matter and modify their monetary policies.
In India the Lalit Modi episode has the potential to wash out the monsoon session which could be a big negative for the stock markets and investor sentiments.
All this could keep the market range bound for some more time.
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HDFC Tax Saver
Nav as on 26/06/2015 60.10
1 year annualised returns 10.18 br/>
Since inception 28.95
DSP Blackrock Top 100 Equity Fund
Nav as on 26/06/2015 22.19
1 year annualised eturns 12.06
Since inception 25.06 br/>
Birla Sun Life Forntline Equity Fund
Nav as on 26/06/2015 28.42
1 year annualised returns 20.78
Since inception 24.37 br/>
|Scheme ||Current NAV ||Div. % ||Record Date|
|JP Morgan India Equity Fund(D)||18.35||2.60%||Jun 26, 2015|
|ICICI Pru Select large Cap Fund-Retail Plan(D)||19.130||15%||Jun 26, 2015|
New Fund Offer
|Scheme ||Structure ||Remarks ||Offer Period End|
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