Morningstar FundInvestor - May 2012
This issue includes segments like Morningstar take, Fund manager’s view, Morningstar Analyst Rating, market roundup, mutual fund updates and top rated funds, among others.
We present the May 2012 issue of the Morningstar FundInvestor.
This Issue Includes
Behavioural-Finance Tips to Boost Your Investing Skills
The study of investors' behavior offers some interesting mistakes you can recognize and avoid.
Fund Manager’s View:
IDFC Mutual Fund
Mr. Suyash Choudhary, Head of Fixed Income discusses bonds, interest rates and the overall macro environment.
Morningstar Analyst Rating:
Reliance Top 200
The fund’s recent change in investment strategy is a step in the right direction, as it complements the manager’s inherent strengths.
Indian Equity Markets
Indian markets were crippled by bears as sentiments were severely hurt with Euro zone woes mainly dictating the market trend and a series of disappointing macro data back home raising alarm.
Global Equity Markets
Global equities tanked in May driven down by concerns in Europe especially Spain and Greece, with fears that Greece may leave the currency union.
Indian Debt Markets
Government bond yields fell sharply in May on hope that the RBI may accelerate its monetary easing cycle due to the slowdown in domestic growth, and a feeble global economic situation.
Mutual Fund Update
Fund Flows & Asset Trends
Mutual fund asset base grew at a subdued pace on the back of weak equity markets and slowdown in inflows.
Fund Category Performance
Defensives continued to remain in favour, and technology funds benefited from the fall in the rupee in May. With bond yields falling, gilt funds outperformed shorter tenure bond funds during the month.
Portfolio Analysis of Diversified Equity Funds
In April, cash levels of diversified equity funds continued to fall to a record low of 4.32%. Exposure to mid/small-cap stocks rose considerably. Fund managers increased exposure to consumer defensives, healthcare and auto sectors 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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