Dear Reader,
We present the July 2012 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money:
Portfolio Rebalancing Made Easy
If you've put off rebalancing because the process seems daunting to you, read on. The following step-by-step guide simplifies the process using tools on Morningstar.in.
Morningstar Analyst Rating:
Franklin India Prima Plus
The fund’s recent change in investment strategy is a step in the right direction, as it complements the manager’s inherent strengths.
Fund Manager’s View:
Kotak Mutual Fund
Mr. Harsha Upadhyaya, Sr. Vice President & Head of Equity, discusses
stocks, earnings and the overall macro environment.
Market Roundup
Indian Equity Markets
Equity markets plunged in red in July due to gloominess in overseas markets and uncertainty on the domestic front.
Global Equity Markets
Global markets mostly rose in July especially after the ECB head assured markets that the Bank would do everything in its power to protect the region.
Indian Debt Markets
RBI kept policy rates unchanged as the inflation continued to remain at levels beyond its comfort zone.
Mutual Fund Update
Fund Flows & Asset Trends
Mutual fund assets were back on track in July after witnessing some erosion in the previous month.
Fund Category Performance
Technology funds were the bottom performers, on the back of weak corporate results. With RBI not cutting interest rates, bond yields shot up, causing shorter tenure bond funds to outperform.
Portfolio Analysis of Diversified Equity Funds
Cash levels of diversified equity funds fell again in June, after rising in the previous month. Fund managers increased exposure to large-cap stocks and cut exposure to small/mid-cap stocks considerably.
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