Mutual Fund Update
March 2012
Pages: 39
File size: 0.98 MB
Format: PDF
The US economy has witnessed positive growth in the past 10 consecutive quarters. Economic activity data releases reinforce a slowdown in the euro zone in the Q1-2012. The Economic Survey of 2011-12 expects the Indian growth momentum to pick up in next two fiscals to 7.6% in 2012-13 and 8.6% in 2013-14. We are expecting upward pressure on bond yield in the first quarter of FY 2012-13 as the large government-borrowing programme is expected to be front-loaded.
Mutual Fund Update
November 2011
Pages: 41
File size: 1 MB
Format: PDF
The US economy grew at an annualised rate of 2% in the Q3-2011, according to the second estimate released by the Bureau of Economic Analysis. In the month of October 2011, BSE Sensex rose 7.6%, but performance has weakened in November 2011 on global risk aversion and deterioration in Indian economic fundamentals. RBI raised its policy repo rate by 25bps from 8.25% to 8.5% with immediate effect. Bond yields continued to remain under tremendous pressure on account of the government’s increased borrowing plan.
Mutual Fund Update
October 2011
Pages: 43
File size: 1.72 MB
Format: PDF
The growth rate of the US economy remains well below expectations in H1-2011 with Q1- 2011 and Q2-2011 growth rate at 0.4% and 1% respectively. Economic data releases from the euro zone and UK have been largely disappointing. In the month of September 2011, BSE Sensex fell 1.3%, while equity market valuations (13x FY12E) are at a marginal premium to the region. In October the bond yields continued to remain under pressure.