Equity Market Update
- Equity market valuations are broadly reasonable.
- We remain bullish on equities from a medium to long term perspective.
Indian equity markets continued to rally during the month of February. The Nifty 50 Index was up 3.7 percent for the month while the BSE Midcap Index was up 5.4 percent. The key positive triggers during the month were the Union Budget and a better than expected earnings season.
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DISCLAIMERS and RISK FACTORS
Data as on 28th February 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.