Dear Reader,
We present the Month Ended February 2013 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money:
Five Money Management Tips for the Youth
If you are young and confused in money matters, don’t worry; help is at hand. We present five money management tips for young investors.
Morningstar Analyst Rating:
ICICI Prudential Discovery
Over time, we have built confidence in manager Singh and his investment approach.
Market Roundup
Indian Equity Markets
Indian stocks underwent a choppy February as global and local worries combined to take a toll on sentiment.
Global Equity Markets
US markets managed a rise in February after the Federal Reserve Chairman defended the Fed's bond-buying stimulus while European markets’ gains were lowered as Italian election results remained inconclusive, fuelling views the region’s fiscal woes may deepen.
Indian Debt Markets
Government bonds, especially long duration one’s, managed only marginal gains in February as the announcement of higher-than-expected borrowings (for the FY 2013-14) in the Union Budget inhibited bonds upward march.
Mutual Fund Update
Fund Flows & Asset Trends
Outflows from income and equity-oriented categories coupled with fall in equity markets caused mutual fund industry’s asset base to plummet in February.
Fund Category Performance
Diversified equity funds posted their worst monthly return since November 2011. Financial sector funds were the bottom performers. Technology sector were the only silver lining in a falling market and closed the month in the green.
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 continued to be low, at 4.36% at the end of January 2013.
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