Dear Reader,
We present the February 2012 issue of the Morningstar FundInvestor.
This Issue Includes
Manage Your Money: Six Lessons From the Three-Year Market Rally
The bull market has implications for chickens, rearview-mirror drivers, and those late to the party.
Morningstar Qualitative Rating: UTI Dividend Yield Fund
UTI Dividend Yield is not your typical equity-income fund, but that's where it gets its edge.
Fund Manager’s View
Anup Maheshwari, Executive Vice President of DSP BlackRock Investment Managers, discusses the upcoming budget, stocks, earnings and the overall macro environment.
Market Roundup
Indian Equity Markets
Amidst huge volatility, slowdown in domestic economy and global uncertainty, equity markets managed to register gains backed by strong foreign fund inflows.
Global Equity Markets
Global equities gained in February after Greece received consent for its second bailout post a lot of uncertainty.
Indian Debt Markets
Continuation of open market operations despite CRR cut and expectation of a cut in key policy rates helped government bond prices to surge in February.
Mutual Fund Update
Fund Flows & Asset Trends
The mutual fund industry saw its asset base grow for the second consecutive month as both equity and debt market conditions continued to remain conducive.
Fund Category Performance
Interest rate sensitives like financial and infrastructure funds bounce back in 2012, while defensives underperform. A bulk of diversified equity funds underperform. Long and intermediate gilt funds outperform, benefiting from the fall in bond yields.
Portfolio Analysis of Diversified Equity Funds
Cash levels of diversified equity funds were pared down. Fund managers increased allocation to interest-sensitive sectors, and reduced exposure to consumer defensive and technology sectors.
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