Equity Market Update
- Equity market valuations are broadly reasonable.
- We remain bullish on equities from a medium to long term perspective.
Indian equity markets were up 3.3 percent during the month of March. The Nifty 50 Index hit its all-time high this month post euphoria on BJP’s landslide victory in the state elections. Midcaps were also positive during the month as indicated by the BSE Midcap Index which delivered 4 percent.
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DISCLAIMERS and RISK FACTORS
Data as on 31st Mar 2017. Source of data: Bloomberg, ACEMF
Disclaimer: Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC) Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.