Equity Market Update
- Equity market valuations are broadly reasonable.
- We remain bullish on equities from a medium to long term perspective.
- Investors are suggested to have their asset allocation plan based on one’s risk appetite and future goals in life
November was an eventful month for India and the global markets. On November 8, Government of India decided to discontinue existing 500 and 1000 rupee notes and introduce new notes of 500 and 2000 rupee denomination. As per data published by RBI, the total value of circulation of these high value notes amounted to ~14 lac crores accounting for 86% of the total value of money in the system.
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DISCLAIMERS and RISK FACTORS
Data as on 30th November, 2016. 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 ` 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.