Weekly Mutual Fund Updates - Stock Market Updates

Mutual Fund Commentary - The week that went by - Category Update - Stock Future Tips

Key benchmark indices the S&P BSE Sensex rose above its crucial level of 28,000.It rose by 404 points to settle at 28,077.

In case of Equity categories in mutual funds, all of the categories ended in Green. Top gainers were Equity - Bank & Equity - ETF which rose by 1.75 & 1.69% respectively.

Category Update - Debt

The 10 Year Indian Government bond rose to 6.76% from 6.75% as on Oct 21, 2016. The top gainers were Gilt - Medium & Long Term and Debt- Liquid which rose by 9.54% and 6.41% p.a. respectively.

Forthcoming Dividends:

Scheme Name	Record Date	Per Unit (Rs.)
Birla SL Frontline Equity - D	October, 25	2.77
HDFC Prudence - DM	October, 25	0.30
Invesco India Dynamic Equity - D	October, 24	0.11
Kotak Balance Reg- D	October ,25	0.08
L & T Dynamic Equity - D	October ,25	0.12
LIC MF Growth - D	October ,25	1.00
Principal Balanced - DM	October ,24	0.16

Fund News: 

Kotak Mutual Fund has revised the exit load under Kotak Balance Fund with effect from October 17,2016. An exit load of 1% will be charged if units in excess of 10% of investment redeemed within one year.

IDBI Mutual Fund has appointed Mr. Anshul Mishra as a fund manager to manage the Equity portion of IDBI MIP, with effect from October 17,2016.

IDFC Mutual Fund has removed the exit load of IDFC Dynamic Bond Fund with effect from October 17,2016.

ICICI Prudential Mutual Fund has extended the New Fund Offer Period of ICICI Prudential FMP - Series 80-1100 Days Plan A till October 20,2016. 

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