Dear Reader,
We present the January 2012 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money:
Smarten Up Your Tax Planning
The tax-planning exercise must be seen as a part of the overall investment strategy. Tax-saving investments can eventually play a significant part in helping you achieve your financial goals.
Morningstar Qualitative Rating:
HDFC TaxSaver
In our opinion, HDFC TaxSaver is a superior choice among its peers.
Market Roundup
Indian Equity Markets
Indian equities struggle in the face of European crisis, high inflation and signs of economic slowdown. Property stocks fall the most.
Global Equity Markets
Equity markets surged across the globe but the focus was on Greece as it continued its debt negotiations for a second bailout.
Indian Debt Markets
Government bond prices were largely impacted by the expectation of a pause and Positive cues from the domestic as well as global front helped government bond prices to surge in November.
Mutual Fund Update
Fund Flows & Asset Trends
Mutual-fund industry’s assets under management grow by 7.8% on a month-on-month basis as stocks surge, robust inflows.
Fund Category Performance
Interest-rate sensitives like financial and infrastructure funds bounced back strongly in January. However, majority of equity funds underperformed their benchmark indices. Gilt funds outperformed during the month, with bond yields subsiding.
Portfolio Analysis of Diversified Equity Funds
In December, cash levels of diversified equity funds reached their highest since February 2011. Fund managers increased allocation to consumer, healthcare and especially to technology stocks 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