Dear Reader,
We present the Month Ended January 2013 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money:
How to Pick a Solid Sector Fund
A seven-point checklist for making money in a treacherous arena
Morningstar Analyst Rating:
Kotak Bond Fund
Kotak Bond offers an adaptable and aggressive brand of management for risk-taking investors.
Market Roundup
Indian Equity Markets
Uncertainty in global markets along with earnings and central bank’s monetary policy review on the domestic front were the key market movers during January.
Global Equity Markets
US markets began 2013 on a strong note as they were boosted after both the US Senate and the House of Representatives approved the "fiscal cliff" bill and as the House voted to temporarily suspend the nation’s borrowing limit.
Indian Debt Markets
After a hiatus of almost nine months the central bank announced a 25 bps cut in repo rate in its third quarter monetary policy review.
Mutual Fund Update
Fund Flows & Asset Trends
Backed up strong inflows in the debt categories and steady rise in equity markets, asset under management (AUM) witnessed a healthy growth thereby crossing the Rs 800,000 mark in the month of January.
Fund Category Performance
Technology sector funds were the clear winners during the month, while healthcare and small/mid-cap equity funds underperformed. With bond yields declining, gilt and longer tenure bond funds outperformed in January.
Portfolio Analysis of Diversified Equity Funds
Exposure to financials sector rose to a record high in portfolios of diversified equity funds. Average cash levels of equity funds also dropped to a record low of 3.5% in the month of December 2012.
Mutual Fund News
Get an update on what’s happening in the mutual fund industry.
Top Rated Funds
List of Morningstar top rated funds over 3 years
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Thank you,
Morningstar India