Dear Reader,
We present the Month Ended April 2013 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money:
11 Timeless Tips from Buffett and Munger
Key takeaways from this year's Berkshire Hathaway annual meeting.
Morningstar Analyst Rating:
Franklin India Taxshield
We have conviction in this fund’s long-term prospects.
Market Roundup
Indian Equity Markets
Indian stocks fell in the first quarter of calendar year 2013 as disappointing economic and earnings data, coupled with global macro worries, appeared to be failing to support valuations.
Global Equity Markets
US markets were boosted in the quarter ended March after both the US Senate and the House of Representatives approved the "fiscal cliff" bill.
Indian Debt Markets
Hope of another round of rate cut and a fall in commodity prices globally triggered a sharp drop in bond yields in the month of April.
Mutual Fund Update
Fund Flows & Asset Trends
Net inflows in debt-oriented categories coupled with favourable market conditions in equity and debt markets helped mutual fund industry's assets to bounce back in April.
Fund Category Performance
Diversified equity funds bounce-back during the month, but technology sector funds and gold ETFs get battered in April. Longer duration gilt funds top the charts from the fixed-income space during the month, as yields soften.
Portfolio Analysis of Diversified Equity Funds
In the month of March 2013, average cash levels of diversified equity funds rose a bit to near almost 5%. Exposure to small-cap stocks fell in March, probably due to their sharp fall during the month.
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