Step 1: Assess the tax liabilityThe first step at this moment is assessing your total tax liability, on the basis of your total income for the year, including any capital gains, rental income or interest income, etc. Often people miss to include the interest incomes from their savings bank account or term deposits, and the error pops up at the time of filing the return, which may lead to unnecessary hassles. Once you are at the total income, determine the total investment amount required. There are various sections and subsections under the income tax act which allow

for deductions. You may seek advise from your financial advisor or tax advisor for evaluating the various tax saving havens available as well as for performing your tax calculations. Step 2: Assessing What's done: The next step is to recollect and pen down what has already been taken care of during the year, there may be various expenses or investments eligible for deduction, which we might have already paid for. For this activity, break the expenses down into 2 parts: 80C & OthersSection 80C: Investment Limit R1.5 Lakhs

1. Kids' education Fee: Many of you who are parents, must be paying for your kids school and college fee, however most of you might not be aware that these payments are exempt from tax u/s 80C of the income tax Act. The exemption is allowed in respect of the tuition fee paid to any registered school, college, university or any other educational institution based in India, for full time studies, and for upto two kids. So, a significant part of your investment required for Section 80C gets covered here.

2. Home Loan: If you are paying your

MARCH 2018For private circulation only

DON'TRUSH

FOR THE

DEADLINE31ST MARCH

It's the last month of the financial year 2018, it's time when people are in the finishing stage, putting the last coat on their year long assignments. When banks are winding up their books, businessmen are doing their closing inventory calculations, kids are doing their last minute revisions for their final exams are days' away, while some kids are still wondering where to start. Similarly, there are some investors who should have been at the hilt of their tax planning, accumulating expense documents and investment proofs, who ought to have started their tax planning and investing for this year 11 months back, have just realized the need to invest for saving taxes. This article is intended to help these investors make the best use of the last few weeks.

Since it's the eleventh hour, there's not much time left for planning, the investors would end up investing in any random product that comes their way, the focus is saving tax, no matter how; which is certainly the least appropriate approach. Tax planning is not an isolated activity, it's a part of your overall investment planning. So, do not be random with your investments, you might be paying a big price for the ignorance. Also, since there is a time crunch, you can't go easy at this point, so you have to be well prepared and swift. So, let's begin with your plan of action for saving taxes.

OUR

SERV

ICES

INVE

STM

ENT

OPTI

ONS

MUTUAL FUNDSLIFE INSURANCEGENERAL INSURANCETAX SAVING & RBI BONDS

RETIREMENT PLANNINGCHILD EDUCATION PLANNINGINSURANCE PLANNINGTAX PLANNING

FINANCIAL PLANNINGNRI INVESTMENT PLANNINGCHARITABLE TRUST INVESTMENT PLANNING

Email: kkcredible@gmail.com | Website: www.kkcredible.com

Killol Karia

Centre Point, Karansinhji Road,Chamber Of Commerce Building,Rajkot - 360 001, Gujarat.

Mob.: 98240 19123Tel.: 02812223177

Home Loan EMI's, it has two components: Principal and Interest, both are separately eligible for deduction under different sections of the Income Tax Act, the principal part can be claimed for deduction under Section 80C. Further, if you happened to buy your house within the financial year 2017-18, then the payments made towards stamp duty and registration charges, can also be claimed u/s 80C along with the principal repaid.

3. Contribution to EPF/PPF: If you are a salaried employee, then your contribution towards EPF, gets deducted from your salary, or if you have made any voluntary contribution towards PPF during the year, then these deductions can also be claimed u/s 80C.

4. Insurance Payments: If you have taken a term plan or a traditional endowment policy, then the premiums you have paid towards these policies are also eligible for deduction u/s 80C.The above are the most common, among others, eligible deductions under section 80C. So, R1,50,000 (the total available limit u/s 80C) - the amounts paid under (1 + 2 + 3 + 4) points above within the 2017-18 financial year, is the amount left for investing u/s 80C.

Other Sections1. Home Loan: The Interest

component of your Home Loan EMI's is eligible for deduction under section 24, for upto R2 Lakhs per annum.

2. Health Insurance: The medical insurance premiums paid for self, spouse or dependent children, upto R25,000 can be claimed for deduction u/s 80D, R30,000 if the investor's age is 60+. Also the medical premiums

paid towards your parents can be claimed separately for upto R25,000 and R30,000 if parents' age is 60+.

3. Rent Paid: If you are living in a rented accommodation, then the rent paid can also be claimed for deduction. Salaried individuals can claim HRA exemption provided by their employers, while business owners or salaried people who do not get HRA exemption, shall claim the rent paid under Section 80GG of the Income Tax Act.

Step 3: Action: Plan prudentlyAfter the above exercise, if you have paid for few among the above, you'd realize that a significant part of your “Investment” job is done. Accumulate all the relevant documents and proofs for the same. Next you have to fill in the gap. At this point you must prepare a blueprint of the investments needed to be done within the upcoming 3 weeks. The following paragraphs can assist you in drafting your investment blueprint. Insure before you invest:If you already have a term plan and medical insurance policies, Great! In case you don't have, now is a good time to buy one, because in today's scenario, having life and medical insurance are the basic necessities, plus you get to save tax as cited above. Your insurance will play a key role in protecting you and your family when need arises, so you must exercise extreme care in policy selection. Also, at this time, an investor who is yet to invest for taxes, is a gullible target for agents selling traditional endowment plans. Do not fall for them for:

They might give you an assured repayment, but the sum assured might not be enough when the ill date strikes. The returns offered by these traditional plans are so low

that it is unfair to call them an investment, and since the sum assured is also so little, it may not be correct to call it an insurance either. The modern term plans will not give you the money if you don't die but they will do what they exist for, they'll give you an extensive risk cover. Secondly, the premiums are so high, that you may not be left with enough money to invest in other products with higher return prospects.Contact your insurance advisor asap, buy a term plan and a medical insurance, save tax and be risk free.

Investments:The next thing to do after insurance is investing. Although you are investing at this point for saving taxes, but that should not be your only motivation, the investment must:

Follow your overall financial plan, Be in harmony with your ideal asset allocation & your investment horizon, Serve a purpose apart from just saving tax, that is it must be aligned with a life goalSave Tax as well as deliver high returns.

About the last point, ELSS in Mutual Funds is eligible for deduction u/s 80C, it can help you save tax, has the lowest lock in period, plus it delivers superior returns than other traditional tax savers like bank FD's, PPF, NSC etc. SIP in ELSS funds is considered to be the best way of investing, but for now since you have less time, you can go for the lump sum mode and start your ELSS SIP from April for the next year. The above passage will surely help you in better managing your last minute tax exercise. We hope that you make the most of the last weeks.

EQUITY MUTUAL FUNDS FOR THE LONG TERMWe all dream of living a grander life, of realising our various life goals and aspirations. We work hard in the present to earn more money and put in efforts to save and invest money for our better future. The investment is done with the view to accelerate the value of our saving over time, so that we have adequate money in the future when our goals arrive. We have various options to invest our hard earned money like our traditional choices, PPF, FD, gold, and real estate, and we also have some modern investing options like Mutual Funds, who have also carved out room for themselves within the arena of mature players, because of people's developing conviction in the product. At the same time, there are many investors who still do not want to get out of their comfort zone: the traditional investment products, either because of unawareness or because of a negative perception about Mutual Funds.

LUMP SUMAverage Returns

Value of R1 Lac invested on Jan 1, 1998

Capital Gain

Exempt Income

Taxable Capital Gain

Tax @ Flat 10%

Value on Redemption

Net Return

22.76% CAGR

R60.4 Lakhs*

R59.4 Lakhs

R1 Lakh

R58.4 Lakhs

R5.84 Lakhs

R54.56 Lakhs

22.14%*(As on 31 Dec 2017)

LUMP SUM

Average Returns#

Value of R1 Lac invested on Jan 1, 1998

22.76% CAGR

R60.4 Lakhs*

*(As on 31 Dec 2017)#Avg. of 20 MF Schemes Operating since Jan-98

SIP

Average Returns#

Value of R1 Lac invested on Jan 1, 1998

21.05% CAGR

R2.83 Crore*

*(As on 31 Dec 2017)#Avg. of 20 MF Schemes Operating since Jan-98

When you invest for your long term goals, you would evaluate the investment product on the basis of the following two broad parameters:

1. Returns Maximization, and

2. Risk Minimization

Also, you would like to look at the long term history of the products under consideration, with respect to the above parameters. A span of 15-20 years is deemed adequate to analyse the quality of a product. While the traditional instruments have been in existence from our grandfathers' times, Mutual Funds also have also transitioned from one generation to another, breathing in the market for more than 2 decades.

Returns:

To give you a perspective of 'Long Run', we have considered the Equity Mutual Funds operating in India since the past 20 years.

Equity Mutual Funds have generated a whopping 22.76% in the lumpsum mode and 21.05% in the SIP mode over the past 20 years. This means an investor who had invested R1 Lac on 1st Jan 1998, would have got R60.4 Lacs at the end of 2017, his investment has multiplied itself by an astounding 60 times. Or an investor who has been investing in an Equity SIP since Jan 1998, is a little behind from becoming a triple crorepati now. And this out of the world performance is not about few select schemes, the numbers pertain to the average of all Mutual Fund schemes aged 20 years+, it includes the best and the worst.

This was about Equity Mutual Funds, if you compare the returns with any other asset class or product, nobody stands a chance.

Gold, the hot favourite of Indians has

increased from R4,347 per 10 gram to R29,165 per 10 gram over the same 20 year period as above, delivering a return of 9.95% CAGR.

Fixed Deposits, another trusted name banked upon by Indian investors, are no better, the returns generated by FD's have not been promising either. Currently, the 1 year FD rate is less than 7% for most banks.

Real Estate, was in a boom phase in the initial years, but lately the scenario has remained flat for the whole of India. Some people may have made massive wealth in property, but when you compare it with Equity Mutual Funds, the latter is the winner. You would seldom find an investor who has multiplied his Real Estate investment by 60 times in the last 20 years, meaning a property which was bought at lets say R5 Lakhs in Jan 1998, is worth R3 Crore now.

Introduction of LTCG tax on Equity Mutual Funds:

The massive propaganda and media focus on the new LTCG tax on Equity, may have made novice investors skeptical about Equity Mutual Funds. The reality is it won't have a major impact on your wealth and your goals, and this should be the last reason for not investing in a product with such immense potential. To give you a clear picture, let's say this tax was being levied on Equity since always. So, extending the above example:

The above table shows that even after paying the LTCG tax, Equity Mutual Funds have delivered a return of 22.14% on an average, which still can't be matched by any other product. LTCG tax is a small number and we don't need to worry about it as, in the

long run, it doesn't matter much.

Risk Minimization:

Equity is often associated with Risk. People maintain an arms length from Equity because they say it's Risky. What is Risk? Is it like people aren't sure about the credibility of a Mutual Fund scheme? So, Mutual Funds have proved their integrity over the years. MF's have a watertight structure and they are regulated by SEBI, which has imposed such strict restrictions on Mutual Funds, that it makes it impossible for funds to do anything mischievous.

So where is the Risk?

The Risk in Equity is the 'volatility', meaning if you have invested R1 Lakh in a MF scheme, tomorrow the investment may be worth R1,01,000, but after three months it may subside to R95,000, or maybe after 3 years it is valued at R70,000. This volatility scares investors, which they term as Risk.

But as you may realise, it's not the equity mutual funds' fault. Equity mutual funds are volatile, because they invest in stocks, which can rise one day and fall on the next day. However, the catch here is they are volatile in the short run only. Over long periods, the volatility gets neutralized and equity grows, creating wealthy investors. This 20 year period considered in the passage from Jan 1, 1998 to Dec 31, 2017 is a testimony to this fact. This period has witnessed two major recessions, the Kargil war, the devastating Tsunami, the Satyam scam, the IT bubble crash and this period has witnessed rise and fall of governments, we have recently seen the Demonetization happening. The worst that could have happened, did happen, but these events could not stop the growth of Equity. Markets have been volatile, and will always be volatile, it is their inherent nature, but those who stuck by the rudiments are the ones who are wealthy investors today.

So, the bottomline is you don't need any special tactics to become wealthy. You have to believe in Equity Mutual Funds, and give time to your investment.

Happy Investing!

Q. What is your fund house view on the budgetary estimates w.r.t. fiscal deficit targets, borrowing and disinvestment plans? Answer: We believe that the Fiscal slippage in FY18 as well as FY19 Budget is marginal. The slippages can be absorbed by the market even without opening additional FII limits. The RBI having done OMOs during the demonetisation induced liquidity phase should have enough headroom to manage this. However, PSU banks are absent from the Gsec market (as buyers) and that is hurting bond market sentiment. They would be important demand levers to support the borrowing program next year. The disinvestment plan too seems achievable provided that the market levels and investor participation remains high.Q. How will the government's roadmap impact the debt markets and the bond yields?Answer: The government’s borrowing roadmap usually removes the supply side surprise for the market, and as such has low impact. Having said that, the current bond yields are less affected by the supply side issue than with the demand side. The market is unable to measure up the natural gilt demand in the market. Typically we see higher supply leading to higher yields and vice Versa. In the new financial year, it is the vagaries of demand that may affect the yields more, than that of the supply.Q. What is your take on the NPA issue faced by the economy? Can you explain how does this impact the debt market and in turn the investor returns? Answer: NPA’s are partially a result misallocation of capital, partially due to structural economic cycles and partially due to corporate governance issues. We are currently facing an amalgamation of all the three factors, which amplifies the mess. Usually the NPA’s are borne by the equity investors

of the banks, but in case of PSU banks, the NPAs, due to government ownership, has a fiscal impact. Thus funding these NPAs may cause pressure on fisc, raise the cost of funds and divert capital from investment funding towards loss management. Q. What has your fund house's credit and duration strategy in terms of managing your funds? Answer: We believe that ‘yield at reasonable risk’ is an optimal long term approach to creating value for the investors. We therefore seek underrated securities for our credit funds. This would include new to capital market issues, existing issuers foraying into new businesses, promoter funding based on liquid collaterals like shares etc. Such businesses need to have viable cash flow projection. And to top that, we also ensure that proper collateralising of debt has been done to cover the risks. On the duration side, we seek to create alpha by playing along the curve and on the spread. We seek to actively manage duration to ride to interest rate cycle and/or capture the yield to benefit the underlying investor. Q. What would be your advice to investors with short, medium and long term investment horizons in debt funds? Where should they invest?Answer: The market is currently providing high yield carry as rates are at elevated levels. On the other hand the growth imperative is also increasing. This two combined with the rising credit off take indicates that present yield levels in corporate bond category look appealing. For that reason, we believe that long term investors, unwilling to assume NAV volatility in duration, may invest in credit accrual debt strategies with 3 year investment horizon. Other than that, investors with 12 month investment horizon can also look at investing in low duration fund. Very short term money of up to 6m could be deployed into liquid/ ultra-short funds.

FUND MANAGER INTERVIEWS

Ms. Lakshmi IyerMs.Lakshmi Iyer has been with the Asset Management Company since 1st April 2000. From 2000-2006 Lakshmi was performing the role of a fund manager where she was responsible for credit research as well as deal execution, managing fund performance across all debt funds & assisting sales in client interaction where required. From September 2006 till September 2008 she was Heading Products where her primary responsibilities were product related initiatives, product pricing and coordinating with the funds management and sales team in the role of a portfolio specialist. From September 2008 till date she is heading the Fixed Income and Products team. In her earlier stint, from November 1997-October 1999 in Credence Analytics Pvt Ltd. she has also worked as a Research Analyst where she was tracking corporate bond markets in India and generating research reports. She was also instrumental in conceiving various financial software tools for Indian markets through effective liasoning with software and technical team at Credence.

Disclaimer: The views expressed above are author’s own views and not necessarily those of the AMC. The views expressed are based on internal data, publicly available information and other sources believed to be reliable. Any calculations made are approximations, meant as guidelines only, which you must confirm before relying on them. The information contained in this document is for general purposes only. The document is given in summary form and does not purport to be complete. The document does not have regard to specific investment objectives, financial situation or particular needs of any specific person who may receive this document. The information/ data herein alone is not sufficient and should not be used for the development or implementation of an investment strategy. The statements contained herein are based on our current views and involve known and unknown risks and uncertainties that could cause results, performance or events to differ materially from those expressed or implied in such statements. Past performance may or may not be sustained in future. Neither the AMC, the fund nor any person connected with them, accepts any liability arising from the use of this document. The AMC is not guaranteeing/offering/communicating any guaranteed returns on investments made in the scheme(s). The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY

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4.256.409.708.14

11.9743.419.00

15.2522.4216.5814.586.72

15.5515.2819.587.542.23

16.008.797.586.72

16.4515.4313.3910.9411.669.128.71

12.328.03

13.4310.2112.627.52

18.0614.4824.929.55

21.6710.607.359.90

10.0812.3314.3310.3117.0119.5610.2911.4514.888.18

12.278.58

38.2510.6411.4910.5711.2024.0313.6916.2413.5818.029.978.697.169.05

13.881.62

12.519.50

20.4711.5321.421.97

11.7712.9723.839.71

18.7612.7712.138.265.449.81

16.2812.6013.307.989.10

13.5127.0413.9810.5715.5913.6416.285.967.54

11.75

15.6612.7417.8313.6417.6421.6717.5912.8525.4525.0818.3313.3114.2018.8115.5512.859.17

14.5015.5611.3815.7316.1722.1314.6217.1213.4812.2512.7816.2712.4221.3818.0020.0911.6816.0013.8321.8710.7818.1317.1511.6212.2714.6414.2418.4513.3421.0019.7215.6716.3017.3011.8519.5813.5329.9615.1912.6814.9515.7823.5116.7513.6215.9919.6714.4511.8314.6311.1512.409.42

17.9813.5921.3913.4324.4012.4515.0413.3021.2913.3417.8616.7516.309.18

16.6412.4316.6519.6919.4615.9416.6017.4732.5215.1812.0618.3820.4324.508.10

10.2622.92

20.3214.4520.6615.7020.1823.4222.6921.0328.8527.9921.3615.7414.1918.3519.6814.4811.8310.6918.0014.3221.6815.5528.8414.5718.8613.6114.11

-17.6115.8531.2019.6824.8412.6316.6614.6626.4512.8221.2223.5613.5316.1420.0617.5223.7417.3327.4320.2617.2216.9016.6810.9824.4815.0026.8815.3112.2014.3517.8528.1316.6718.9816.2624.6817.2012.8915.1517.71

-12.7817.1312.4317.4717.9423.71

-14.4814.8823.1614.1918.4821.7821.7711.4818.4714.4815.8426.1224.1218.2419.55

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16.6813.8219.1725.0728.829.5412.1829.01

19.6113.7019.9816.2620.2822.6021.2321.6726.8025.2319.8016.3114.82

-20.3913.8310.557.5817.7415.2422.4714.7627.2114.3118.1713.5614.21

-16.3515.1128.7718.6622.8912.4415.8914.9525.4212.3019.3823.5613.4616.4420.8016.9123.7717.4527.4719.2015.3716.1415.1111.1423.7613.6023.7914.7611.1613.4217.2824.5216.4121.6816.0923.2017.0713.2315.3718.93

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15.9512.3015.1618.4421.61

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14.7821.2714.6917.7522.1221.6911.6417.1714.3415.5224.3322.3717.6219.26

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16.0413.7518.5724.0626.4510.1112.4028.05

17.0314.4717.4515.7619.6019.7019.2022.30

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-

SIP RETURN AS ON 28TH FEBRUARY 2018

Starting - March Month of

Years

Invested Amount :

Schemes (Diversified Equity)

2017

1

1,20,000

2015

3

3,60,000

2013

5

6,00,000

Returns % - CAGR

2011

7

8,40,000

2008

10

12,00,000

2006

12

14,40,000

51% rise in SIP contribution to mutual funds so far this financial year

IThere is a 51% rise in systematic investment plan (SIP) contribution to mutual funds (MFs) so far this financial year. At a time the markets are facing headwinds and stocks have corrected over 10%, the inflows through the SIP mode has hit an all-time high of R66.4 billion in January. This is over the 62% rise in the corresponding previous month. Total number of SIP accounts is nearly 20 million. The April-January period has witnessed total SIP inflows of over R536 billion. It stood at R355 billion a year ago. In the current fiscal year, SIP inflow surpassed those received during 2016-17. In FY17, SIP inflow stood at R439 billion. FY18 is likely to end with total SIP inflow of nearly R663 billion, if the trend continues. Sector players remain bullish on SIP inflows. According to them, by mid-FY19, the sector may hit the R100-billion mark of monthly SIP inflows.

No reduction in inflows for mutual funds after LTCG tax, says AMFI

The mutual funds industry does not see any reduction in the inflows of funds after the proposal of long term capital gains (LTCG) tax and dividend distribution tax (DDT), an official said. The industry also expects there would be no level playing field between mutual funds and unit linked insurance plan (ULIP) after the introduction of LTCG tax and DDT, Association of Mutual Funds of India (AMFI) Chief Executive N. S. Venkatesh said. At this particular point of time, we do not see any reduction in inflows in mutual fund industry. We believe it would have been better if long term capital gains tax was not there. However, it has not affected the flows at all. He added that all financial products should have the same tax treatment and that the mutual fund industry was trying to keep everything (mutual funds, ULIPs) on the level playing field.

NEWS UPDATE

13.318.66-1.1712.1519.1215.7418.3910.044.90

16.446.82

14.1112.9110.8115.5931.6614.8910.121.939.035.00

10.0216.6923.009.72

17.348.89

12.7814.2443.3616.628.56

13.5512.9813.058.80

11.1014.8915.338.74

10.1114.071.78

20.3920.377.92

12.4810.4419.5317.5815.9013.0711.8311.7317.9617.2713.5213.0113.0743.41-1.17159

18.0218.3616.296.816.45

26.7112.8411.178.23

14.368.17

13.958.409.75

12.2723.6516.389.974.10

16.2218.4217.5710.1418.109.162.599.869.47

13.2019.7010.1612.0212.8926.712.5932

15.1912.97

18.1813.959.54

20.1920.7622.3921.9713.637.45

14.2812.1117.8517.8813.4617.0330.8816.6214.7310.1020.5513.6213.5216.1418.6611.7613.6513.8617.1115.7133.3418.4221.0219.9714.6419.5313.1013.2722.6511.6812.0315.7220.197.75

20.8512.5712.0718.0811.0116.4215.6715.3612.6613.1411.8717.4213.6912.2314.4716.1733.347.45159

17.9618.4315.2213.0811.4621.4213.0916.0116.4814.8112.0518.4215.7217.0913.0621.8516.1716.8613.4320.0315.7223.8913.5821.7816.2411.0812.5615.9718.2418.579.72

14.2116.0723.899.7232

13.1213.14

19.93---

18.6726.6421.6514.7810.0016.3513.8420.0023.3312.3118.8435.2318.0517.1110.5222.7516.2016.7916.6020.0513.8718.8022.2720.4418.8637.3419.4522.5527.3513.6425.1815.5116.0424.2914.4113.2322.3420.6810.4723.4114.5313.1618.3211.07

-14.9714.4914.6412.8413.2524.4419.4512.4815.3718.4837.349.54150

20.6221.3219.7414.8015.3920.0214.2417.0319.2316.4616.3618.1616.7218.2016.1021.8918.9618.5616.8120.0416.58

-14.7621.5320.6712.5915.3717.2920.4817.2511.2015.2517.5421.8911.20

3111.7112.19

19.49---

16.5825.7720.6814.5311.0416.7114.3418.4222.2111.9217.6731.7817.5215.8010.4920.7016.4517.4115.3519.5114.0919.5123.2719.6318.5733.6017.3820.3824.8012.7623.8115.1116.3121.8815.3613.4921.99

-10.4422.1514.4012.9316.88

--

14.6313.2615.0812.9313.1224.0719.8412.8214.9417.9533.607.58145

19.8820.4420.7114.5016.3718.4514.2916.4819.0516.4116.7517.4615.9917.9216.6120.8818.6817.6015.7918.5015.82

-14.5120.6820.3712.7215.7616.4219.5015.60

-14.8117.3020.8812.72

3011.5911.98

----

15.09-

17.3914.17

-17.8112.0016.4919.79

-16.23

-15.9014.1210.0318.8715.6215.8813.0520.4313.7919.0320.7616.5716.72

-14.9017.8221.1711.1522.0515.6815.1519.4615.5013.1819.81

-9.7118.30

-12.6315.39

--

13.1013.2915.1113.3112.4822.2720.4013.8113.9116.5226.599.59117

17.5417.78

-12.9215.59

-14.7913.9617.52

-16.6116.6415.6316.4716.81

-17.97

-14.2117.3613.66

-13.1217.3319.2013.0814.6014.3517.7114.36

-13.4615.7119.2012.92

2510.9511.24

----

13.52-

14.7313.30

-16.46

-15.42

--

15.78--

12.919.9717.1214.3514.1011.9417.9612.9816.7017.6014.3215.26

---

19.2110.4619.8814.9813.6818.0613.9312.5017.55

-8.5215.21

-11.5114.57

--

11.7313.1914.29

-11.5419.5618.8113.5112.4614.7421.838.3091

15.4115.78

-11.5013.38

-14.46

---

15.4715.0314.36

-15.29

---

12.6216.1911.80

-11.8714.4717.2912.7013.3313.3815.7713.99

-12.0314.1017.2911.50

2110.1210.47

SIP RETURN AS ON 28TH FEBRUARY 2018

Starting - March Month of

Years

Invested Amount :

Schemes (Diversified Equity)

2017

1

1,20,000

2015

3

3,60,000

2013

5

6,00,000

Returns % - CAGR

2011

7

8,40,000

2008

10

12,00,000

2006

12

14,40,000

Mirae Asset India Equity Fund - GrMotilal Oswal MOSt Focused 25 Fund - GrMotilal Oswal Most Focused Midcap 30 Fund - GrMotilal Oswal MOSt Focused Multicap 35 Fund - GrPrincipal Dividend Yield Fund - GrPrincipal Emerging Bluechip Fund - GrPrincipal Growth Fund GrPrincipal Large Cap Fund - GrPrincipal SMART Equity Fund - GrReliance Equity Opportunities Fund - GrReliance Focused Large Cap Fund - GrReliance Growth Fund GrReliance Mid & Small Cap Fund - GrReliance Quant Plus Fund - GrReliance Regular Savings Fund Equity Plan - GrReliance Small Cap Fund - GrReliance Top 200 Fund - GrReliance Vision Fund GrSahara Growth Fund GrSahara Midcap Fund - GrSahara Wealth Plus Fund Variable - GrSBI Blue Chip Fund - GrSBI Contra Fund - Regular DivSBI Emerging Businesses Fund - Regular Plan - GrSBI Magnum Equity Fund - DivSBI Magnum Global Fund - DivSBI Magnum MidCap Fund - GrSBI Magnum Multicap Fund - GrSBI Magnum Multiplier Fund - DivSBI Small & Midcap Fund - GrSundaram Equity Multiplier Fund - GrSundaram Rural India Fund - GrSundaram S.M.I.L.E. Fund - GrSundaram Select Focus - GrSundaram Select MidCap - GrTata Dividend Yield Fund - GrTata Equity Opportunities Fund Regular Plan - GrTata Equity P/E Fund GrTata Ethical Fund - GrTata Large Cap Fund - GrTata Mid Cap Growth Fund - GrTata Retirement Savings Fund - Progressive Plan - GrTaurus Bonanza Fund GrTaurus Discovery Fund - GrTaurus Ethical Fund - GrTaurus Starshare GrowthTempleton India Growth Fund GrUnion Equity Fund - GrUnion Small and Midcap Fund - GrUTI Bluechip Flexicap Fund - GrUTI Dividend Yield Fund. - GrUTI Equity Fund - GrUTI India Lifestyle Fund - GrUTI Master Share - DivUTI Mid Cap Fund - GrUTI MNC Fund - GrUTI Opportunities Fund - GrUTI Top 100 Fund - GrAverage Return of Above FundsMaximum ReturnMinimum ReturnUniverseELSS / Tax Savings SchemesAditya Birla Sun Life Tax Plan - DivAditya Birla Sun Life Tax Relief 96 Fund - DivAxis Long Term Equity Fund - GrBaroda Pioneer Elss 96 - DivBNP Paribas Long Term Equity Fund - GrBOI AXA Tax Advantage Fund - Regular - GrowthCanara Robeco Equity Tax Saver Fund - DivDHFL Pramerica Tax Plan - GrDSP BlackRock Tax Saver Fund - GrEdelweiss Long Term Equity Fund (Tax Savings) - GrFranklin India Taxshield GrHDFC Long Term Advantage Fund - GrHDFC Taxsaver - DivHSBC Tax Saver Equity Fund - GrICICI Prudential Long Term Equity Fund - Regular GrIDFC Tax Advantage (ELSS) Fund - Regular GrInvesco India Tax Plan - GrJM Tax Gain Fund - Growth OptionKotak Tax Saver - GrL&T Tax Advantage Fund - GrLIC MF Tax Plan GrMotilal Oswal Most Focused Long Term Fund - GrPrincipal Personal Tax Saver - GrPrincipal Tax Savings FundReliance Tax Saver Fund - GrSahara Tax Gain Fund GrSBI Magnum Tax Gain Fund - DivSundaram Diversified Equity (Tax Saver) Fund - DivTata India Tax Savings Fund Regular Plan - DivTaurus Tax Shield - GrUnion Tax Saver Scheme - GrUTI Long Term Equity Fund (Tax Saving) - GrAverage Return of Above FundsMaximum ReturnMinimum ReturnUniverseS&P BSE SENSEXNIFTY 50

India to grow 7.6% in calendar year 2018 amid note ban disruption: Moody's

Moody's Investors Service estimated that India will grow 7.6 per cent in calendar year 2018 and 7.5 per cent in 2019, amid signs of economic recovery from impact of demonetisation and GST. There are some signs that the Indian economy is starting to recover from the soft growth patch attributed to the negative impact of the demonetisation undertaken in 2016 and disruption related to last years rollout of the Goods and Service Tax, it said. The Budget for 2018-19 includes some measures that could stabilise the rural economy that was disproportionately hit by the demonetization policy and is yet to recover, it said.

India will beat China as global energy growth driver by 2030: BP official

India will bypass China as the driver in global energy growth by 2030, a top official of BP has said. As the pattern of growth within China shifts - slower economic growth and less intensive energy growth, the baton is passing to India as the dominant source of energy growth, according to Spencer Dale, chief economist BP,. He said currently China and India account for around half of the world's energy. India and China, with about like 2.5 billion people, that's around a third of the world's current population is currently responsible for the energy growth and the growing prosperity drives increase the growth in energy demand, and that's what's driving the growth.

India's Q3FY18 GDP growth rises to five-quarter high of 7.2%

The Indian economy grew at five-quarter high of 7.2% in the Oct.-Dec. period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The economy is expected to grow at 6.6% in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1% in 2016-17. The earlier estimate was 6.5%. The growth for the second quarter (July-Sep.) has been revised upwards to 6.5%, from 6.3% estimated earlier

by the CSO. The previous high was recorded at 7.5% in the July-Sep. quarter of 2016-17.

April-January fiscal deficit touches 113.7% of full-year target

India reported a fiscal deficit of R6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Net tax receipts in the first ten months of 2017/18 fiscal year were Rs 9.7 trillion, government data showed. Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent. The capital expenditure during the period stood at 2.64 trillion. The revenue deficit during the period was at R4.8 trillion.

CPI inflation to trend higher; chances of rate hike rising: Report

Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report. According to the global financial services major, minutes from the meet of Monetary Policy Committee (MPC) seem "hawkish", and highlight upside risks to inflation. The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation. As per the minutes, there was broad consensus that risks to inflation are clearly tilted to the upside. Moreover, fiscal slippage and higher MSP are the key concerns, UBS said in the research note.

GVA growth likely to improve to 6.8 per cent in Q3 led by services

After a muted first half, the gross value added (GVA) growth is likely to improve to 6.8 per cent in the third quarter, helped by an improvement in the services and industrial sectors, says a report. In the second quarter, GVA growth was at 6.1 per cent. Headline GVA growth in the third quarter is likely to mildly exceed 6.7 per cent printed a year-ago. During the first half of this fiscal, economic activity remained muted, partly on account of the structural transition to goods and

services tax (GST), but signs of a pick-up in growth are starting to appear.

Direct tax collection rises 19.5% in the Apr-Feb period to R7.44 trn

The Direct Tax collection has risen 19.5 per cent to R7.44 trillion in the April-February period of the current financial year, buoyed by a strong pick up in corporate tax. The net direct tax collection represents 74.3 per cent of the R10.05 trillion as per the revised estimates given in Union Budget 2018-19, presented in Parliament last month. The gross collections, before adjusting for refunds, rose 14.5 per cent to R8.83 trillion during 11 month period of the current financial year. Refunds amounting to R1.39 trillion have been issued till February.

Indian economy will continue to have V-shaped recovery, says FinMin

The 7.2 per cent expansion in the economy during Oct.-Dec. quarter has put the country in one of the highest growth bracket in the world and recovery will continue to be sharp going ahead, Economic Affairs Secretary Subhash Chandra Garg said. The third quarter growth of 7.2 per cent was highest in five quarters. The previous high was recorded at 7.5 per cent in the July-September quarter of 2016-17. In the first quarter of the current fiscal, the GDP grew at 5.7 per cent, while the second quarter growth stood at 6.5 per cent.

India, China to fuel 50% of rise in global oil demand in 5 years, says IEA

India and China are set to contribute nearly 50 per cent to the increase in the global demand for oil over the next five years, the International Energy Agency (IEA) said in its report on oil sector for 2018. According to IEA, demand is expected to grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as the oil demand would reach 104.7 mbd, up by 6.9 mb day from 2018. As China’s economy becomes more consumer-oriented, the rate of growth in oil demand slows down to 2023, compared with the 2010-17 period. By comparison, the pace of oil demand growth will pick up slightly in India, it says.

Aditya Birla Sun Life Advantage Fund GrAditya Birla Sun Life Dividend Yield Plus - GrowthAditya Birla Sun Life Equity Fund - GrAditya Birla Sun Life Frontline Equity Fund - GrAditya Birla Sun Life India GenNext Fund - GrAditya Birla Sun Life India Opportunities Fund - GrAditya Birla Sun Life Midcap Fund - GrAditya Birla Sun Life MNC Fund GrAditya Birla Sun Life Pure Value Fund - GrAditya Birla Sun Life Small and Midcap Fund - GrAditya Birla Sun Life Special Situations Fund - GrAditya Birla Sun Life Top 100 Fund - GrAxis Equity Fund - GrAxis Focused 25 Fund - GrAxis MidCap Fund - GrBaroda Pioneer Growth Fund - Growth PlanBaroda Pioneer Large Cap Fund - GrBaroda Pioneer Mid-cap Fund - GrBNP Paribas Dividend Yield Fund- GrBNP Paribas Equity Fund - GrBNP Paribas Midcap Fund - GrBOI AXA Equity Fund - Regular Plan GrCanara Robeco Emerging Equities Fund - GrCanara Robeco Equity Diversified - GrCanara Robeco F.O.R.C.E. Fund - Regular GrCanara Robeco Large Cap Plus Fund - GrDHFL Pramerica Large Cap Fund - GrDHFL Pramerica Midcap Opportunities Fund - GrDSP BlackRock Equity Fund - Reg. Plan - DivDSP BlackRock Focus 25 Fund - GrDSP BlackRock Micro Cap Fund - GrDSP BlackRock Opportunities Fund - GrDSP BlackRock Small and Mid Cap - Reg GrDSP BlackRock Top 100 Equity Fund GrEdelweiss Equity Opportunities Fund - Regular GrEdelweiss Large Cap Advantage Fund - GrEdelweiss Mid and Small Cap Fund - Regular GrEdelweiss Prudent Advantage Fund Plan A - GrEscorts Growth Plan GFranklin Build India Fund - GrFranklin India Bluechip Fund GrFranklin India Flexi Cap Fund - GrFranklin India High Growth Companies Fund - GrFranklin India Opportunities Fund-GrFranklin India Prima Fund GrFranklin India Prima Plus GrFranklin India Smaller Companies Fund - GrHDFC Capital Builder-GrHDFC Core and Satellite Fund - GrHDFC Equity Fund - DivHDFC Growth Fund GrHDFC Large Cap Fund - GrHDFC Mid Cap Opportunities Fund - GrHDFC Premier Multi-Cap Fund - GrHDFC Small Cap Fund - GrHDFC Top 200 Fund - DivHSBC Dynamic Fund - GrHSBC Equity Fund - GrHSBC India Opportunities Fund - GrHSBC Midcap Equity Fund - GrICICI Prudential Dynamic Plan - GrICICI Prudential Exports and Other Services Fund - GrICICI Prudential Focused Bluechip Equity Fund - GrICICI Prudential MidCap Fund - GrICICI Prudential Multicap Fund - GrICICI Prudential Select Large Cap Fund - Retail GrICICI Prudential Top 100 Fund - GrICICI Prudential Value Discovery Fund GrIDBI Diversified Equity Fund - GrIDBI India Top 100 Equity Fund - GrIDFC Classic Equity Fund - Regular Plan - GrIDFC Equity Fund - Regular Plan - GrIDFC Focused Equity Fund - Regular Plan - GrIDFC Premier Equity Fund - Regular Plan - GrIDFC Sterling Equity Fund - Regular GrIIFL India Growth Fund - GrIndiabulls Blue Chip Fund - GrInvesco India Business Leaders Fund - GrInvesco India Contra Fund - GrInvesco India Dynamic Equity Fund - GrInvesco India Growth Fund - GrInvesco India Mid N Small Cap Fund - GrInvesco India Midcap Fund - GrJM Equity Fund Growth OptionJM Multi Strategy Fund - Growth OptionKotak 50 Equity Scheme - DivKotak Classic Equity Fund - GrKotak Emerging Equity Scheme - GrKotak Midcap - GrKotak Opportunities Fund - GrKotak Select Focus Fund - GrL&T Business Cycles Fund - GrL&T Emerging Businesses Fund - GrL&T Equity Fund - GrL&T India Large Cap Fund - GrL&T India Special Situations Fund - GrL&T India Value Fund - GrL&T Midcap Fund - GrLIC MF Equity Fund GrLIC MF Growth Fund GrMirae Asset Emerging Bluechip Fund - GrMirae Asset India Equity Fund - GrMotilal Oswal MOSt Focused 25 Fund - GrMotilal Oswal Most Focused Midcap 30 Fund - Gr

1,22,5831,23,8751,25,8471,24,9161,27,1911,45,0181,25,4341,29,1191,33,2721,29,8931,28,7241,24,0721,29,2961,29,1341,31,6361,24,5581,21,3601,29,5551,25,3061,24,5841,24,0701,29,8191,29,2231,28,0281,26,5831,27,0101,25,5031,25,2611,27,3991,24,8541,28,0551,26,1491,27,5751,24,5481,30,7551,28,6691,34,7001,25,7581,32,8141,26,3811,24,4461,25,9681,26,0751,27,4031,28,5831,26,2121,30,1451,31,6261,26,2001,26,8831,28,9011,24,9441,27,3661,25,1801,42,1801,26,4071,26,9101,26,3661,26,7381,34,1951,28,2021,29,7001,28,1391,30,7311,26,0071,25,2481,24,3321,25,4611,28,3151,20,9861,27,5121,25,7311,32,1501,26,9301,32,6951,21,2031,27,0711,27,7811,34,0811,25,8561,31,1631,27,6651,27,2871,24,9911,23,3011,25,9131,29,7191,27,5631,27,9741,24,8231,25,4881,28,1001,35,9051,28,3731,26,3651,29,3161,28,1771,29,7181,23,6131,24,5631,27,0631,27,9831,25,2271,19,284

4,52,0764,33,8364,66,0064,39,4524,64,7384,91,2444,64,4014,34,5485,16,9885,14,4114,69,2254,37,3584,42,9464,72,3194,51,4024,34,5224,12,2484,44,8134,51,4854,25,5094,52,5404,55,3494,94,3064,45,5494,61,3784,38,4464,30,8484,34,0754,55,9464,31,8984,89,2914,67,0544,80,7254,27,3604,54,2334,40,5964,92,5744,21,8674,67,9344,61,5804,26,9974,30,9434,45,6774,43,1854,70,0054,37,5694,86,7864,78,2954,52,1694,56,1864,62,5614,28,4144,77,3764,38,7565,48,8634,49,0984,33,5044,47,6094,52,8915,03,6474,59,0594,39,3074,54,1974,77,9704,44,4764,28,2614,45,6114,24,1624,31,7354,13,7044,66,9294,39,1244,89,3674,38,1315,09,7554,32,0824,48,1724,37,3204,88,6924,37,5774,66,1744,59,0274,56,1444,12,2894,58,3274,31,9414,58,4164,78,0774,76,5664,53,8534,58,0644,63,6665,67,4694,49,0634,29,6924,69,5464,82,9715,10,4424,05,8804,18,7354,99,6314,68,2574,41,3564,14,415

9,89,3478,58,2439,97,5978,84,7779,86,024

10,65,65410,47,21210,06,32912,11,75011,87,46110,14,4188,85,7058,52,7989,43,4499,74,1518,58,9118,04,9547,82,7609,35,4428,55,557

10,22,1178,81,630

12,11,4768,60,7119,55,2908,40,7778,51,129

-9,26,8608,88,028

12,80,2239,74,337

11,02,1318,20,9659,05,6238,62,696

11,45,2098,24,661

10,10,83410,69,0998,39,0898,94,3139,83,1679,24,671

10,73,8129,20,486

11,71,9489,87,9479,18,0349,11,0399,06,0367,88,430

10,92,7928,69,752

11,56,7308,76,4188,12,3658,56,1159,32,188

11,91,4089,05,8209,57,8768,96,907

10,98,1439,17,6528,26,1328,72,9499,28,987

-8,23,8899,15,9828,16,8599,23,6169,34,084

10,72,989-

8,58,9008,67,247

10,58,9048,52,7779,46,512

10,24,63310,24,4907,98,0049,46,1348,58,8718,87,760

11,36,10710,83,5089,41,0889,71,251

--

9,06,1838,45,1499,62,232

11,08,25912,11,0237,60,8578,11,812

12,16,3559,80,226

--

16,81,21413,63,53417,03,24814,92,93617,21,47018,67,89817,79,98318,07,63221,64,76920,49,17216,92,05814,95,69814,18,890

-17,27,96113,70,06012,19,70010,97,79715,73,34714,40,32618,59,42214,15,93921,96,36113,93,52215,97,72113,56,81313,88,591

-14,97,91114,33,67423,19,48316,25,49618,87,46313,04,15214,73,36814,25,34920,62,34512,97,51016,67,60119,31,97813,52,00215,02,54917,52,82215,27,96419,46,53915,57,43722,16,70816,56,91114,46,86614,86,99614,33,31412,45,27819,45,70013,58,56119,47,71814,15,98312,46,10913,50,30115,48,10919,98,30815,01,16018,08,13414,84,10419,07,59915,36,67813,41,27514,46,69416,41,055

--

14,76,82012,97,36114,36,01216,13,04918,03,988

--

14,16,90917,82,32714,12,34415,73,77418,36,34518,08,69012,67,47515,41,96013,95,02414,54,27719,85,25018,52,67315,66,81716,60,088

--

14,81,73413,66,16016,20,26819,66,20021,38,22112,00,47913,02,14522,61,81916,73,888

--

29,20,74625,46,75729,87,20927,28,04233,52,96633,70,20732,82,51938,77,557

-38,52,40428,48,02827,08,652

---

22,72,041--

29,82,85525,35,43136,37,297

-45,36,42625,73,218

--

23,14,318-

26,74,176-

48,83,78629,04,72637,35,48522,67,61525,86,616

-39,75,231

-27,87,746

-24,26,80327,58,54433,02,58826,04,00638,28,43428,66,24144,28,26030,89,70625,61,11427,75,16625,32,39620,71,29140,58,78123,72,849

-25,62,42319,84,91722,18,49726,81,61732,98,58227,58,23433,97,945

-34,45,32327,35,731

-25,79,18034,33,834

--

24,42,84021,85,35323,76,02432,57,42335,92,233

---

32,77,36824,89,73527,93,164

-36,45,09420,04,903

-23,87,90725,30,66836,20,52334,71,49827,56,965

---

26,96,48124,69,27729,93,898

-40,45,37519,66,68021,95,686

----

37,27,15435,24,65439,27,02437,61,92645,62,04841,68,72844,34,62253,57,753

---

35,71,112---

30,43,115--

40,09,58632,76,506

--

59,08,49135,09,729

--

30,50,730-

36,83,740--

38,47,009-

30,96,614----

35,35,782-

32,63,47636,68,931

-33,11,69949,73,19838,94,39557,39,40241,63,34333,21,95937,98,49634,50,52925,86,759

-30,89,596

-35,43,161

-28,94,90534,46,27540,50,11737,48,23743,78,009

-43,25,05435,55,895

-34,11,60447,26,446

--

31,25,511--

48,64,972---------

24,16,173-

31,53,91433,12,187

-44,17,93136,87,244

---

36,48,528---

53,51,15224,84,83927,51,450

----

Starting - March Month of

Years

Invested Amount :

Schemes (Diversified Equity)

2017

1

1,20,000

2015

3

3,60,000

2013

5

6,00,000

Investment Value e

2011

7

8,40,000

2008

10

12,00,000

2006

12

14,40,000

SIP VALUE AS ON 28TH FEBRUARY 2018 NEWS UPDATEIndia to grow 7.6% in calendar year 2018 amid note ban disruption: Moody's

Moody's Investors Service estimated that India will grow 7.6 per cent in calendar year 2018 and 7.5 per cent in 2019, amid signs of economic recovery from impact of demonetisation and GST. There are some signs that the Indian economy is starting to recover from the soft growth patch attributed to the negative impact of the demonetisation undertaken in 2016 and disruption related to last years rollout of the Goods and Service Tax, it said. The Budget for 2018-19 includes some measures that could stabilise the rural economy that was disproportionately hit by the demonetization policy and is yet to recover, it said.

India will beat China as global energy growth driver by 2030: BP official

India will bypass China as the driver in global energy growth by 2030, a top official of BP has said. As the pattern of growth within China shifts - slower economic growth and less intensive energy growth, the baton is passing to India as the dominant source of energy growth, according to Spencer Dale, chief economist BP,. He said currently China and India account for around half of the world's energy. India and China, with about like 2.5 billion people, that's around a third of the world's current population is currently responsible for the energy growth and the growing prosperity drives increase the growth in energy demand, and that's what's driving the growth.

India's Q3FY18 GDP growth rises to five-quarter high of 7.2%

The Indian economy grew at five-quarter high of 7.2% in the Oct.-Dec. period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The economy is expected to grow at 6.6% in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1% in 2016-17. The earlier estimate was 6.5%. The growth for the second quarter (July-Sep.) has been revised upwards to 6.5%, from 6.3% estimated earlier

by the CSO. The previous high was recorded at 7.5% in the July-Sep. quarter of 2016-17.

April-January fiscal deficit touches 113.7% of full-year target

India reported a fiscal deficit of R6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Net tax receipts in the first ten months of 2017/18 fiscal year were Rs 9.7 trillion, government data showed. Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent. The capital expenditure during the period stood at 2.64 trillion. The revenue deficit during the period was at R4.8 trillion.

CPI inflation to trend higher; chances of rate hike rising: Report

Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report. According to the global financial services major, minutes from the meet of Monetary Policy Committee (MPC) seem "hawkish", and highlight upside risks to inflation. The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation. As per the minutes, there was broad consensus that risks to inflation are clearly tilted to the upside. Moreover, fiscal slippage and higher MSP are the key concerns, UBS said in the research note.

GVA growth likely to improve to 6.8 per cent in Q3 led by services

After a muted first half, the gross value added (GVA) growth is likely to improve to 6.8 per cent in the third quarter, helped by an improvement in the services and industrial sectors, says a report. In the second quarter, GVA growth was at 6.1 per cent. Headline GVA growth in the third quarter is likely to mildly exceed 6.7 per cent printed a year-ago. During the first half of this fiscal, economic activity remained muted, partly on account of the structural transition to goods and

services tax (GST), but signs of a pick-up in growth are starting to appear.

Direct tax collection rises 19.5% in the Apr-Feb period to R7.44 trn

The Direct Tax collection has risen 19.5 per cent to R7.44 trillion in the April-February period of the current financial year, buoyed by a strong pick up in corporate tax. The net direct tax collection represents 74.3 per cent of the R10.05 trillion as per the revised estimates given in Union Budget 2018-19, presented in Parliament last month. The gross collections, before adjusting for refunds, rose 14.5 per cent to R8.83 trillion during 11 month period of the current financial year. Refunds amounting to R1.39 trillion have been issued till February.

Indian economy will continue to have V-shaped recovery, says FinMin

The 7.2 per cent expansion in the economy during Oct.-Dec. quarter has put the country in one of the highest growth bracket in the world and recovery will continue to be sharp going ahead, Economic Affairs Secretary Subhash Chandra Garg said. The third quarter growth of 7.2 per cent was highest in five quarters. The previous high was recorded at 7.5 per cent in the July-September quarter of 2016-17. In the first quarter of the current fiscal, the GDP grew at 5.7 per cent, while the second quarter growth stood at 6.5 per cent.

India, China to fuel 50% of rise in global oil demand in 5 years, says IEA

India and China are set to contribute nearly 50 per cent to the increase in the global demand for oil over the next five years, the International Energy Agency (IEA) said in its report on oil sector for 2018. According to IEA, demand is expected to grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as the oil demand would reach 104.7 mbd, up by 6.9 mb day from 2018. As China’s economy becomes more consumer-oriented, the rate of growth in oil demand slows down to 2023, compared with the 2010-17 period. By comparison, the pace of oil demand growth will pick up slightly in India, it says.

SIP VALUE AS ON 28TH FEBRUARY 2018

Starting - March Month of

Years

Invested Amount :

Schemes (Diversified Equity)

2017

1

1,20,000

2015

3

3,60,000

2013

5

6,00,000

Investment Value e

2011

7

8,40,000

2008

10

12,00,000

2006

12

14,40,000

NEWS UPDATE

Motilal Oswal MOSt Focused Multicap 35 Fund - GrPrincipal Dividend Yield Fund - GrPrincipal Emerging Bluechip Fund - GrPrincipal Growth Fund GrPrincipal Large Cap Fund - GrPrincipal SMART Equity Fund - GrReliance Equity Opportunities Fund - GrReliance Focused Large Cap Fund - GrReliance Growth Fund GrReliance Mid & Small Cap Fund - GrReliance Quant Plus Fund - GrReliance Regular Savings Fund Equity Plan - GrReliance Small Cap Fund - GrReliance Top 200 Fund - GrReliance Vision Fund GrSahara Growth Fund GrSahara Midcap Fund - GrSahara Wealth Plus Fund Variable - GrSBI Blue Chip Fund - GrSBI Contra Fund - Regular DivSBI Emerging Businesses Fund - Regular Plan - GrSBI Magnum Equity Fund - DivSBI Magnum Global Fund - DivSBI Magnum MidCap Fund - GrSBI Magnum Multicap Fund - GrSBI Magnum Multiplier Fund - DivSBI Small & Midcap Fund - GrSundaram Equity Multiplier Fund - GrSundaram Rural India Fund - GrSundaram S.M.I.L.E. Fund - GrSundaram Select Focus - GrSundaram Select MidCap - GrTata Dividend Yield Fund - GrTata Equity Opportunities Fund Regular Plan - GrTata Equity P/E Fund GrTata Ethical Fund - GrTata Large Cap Fund - GrTata Mid Cap Growth Fund - GrTata Retirement Savings Fund - Progressive Plan - GrTaurus Bonanza Fund GrTaurus Discovery Fund - GrTaurus Ethical Fund - GrTaurus Starshare GrowthTempleton India Growth Fund GrUnion Equity Fund - GrUnion Small and Midcap Fund - GrUTI Bluechip Flexicap Fund - GrUTI Dividend Yield Fund. - GrUTI Equity Fund - GrUTI India Lifestyle Fund - GrUTI Master Share - DivUTI Mid Cap Fund - GrUTI MNC Fund - GrUTI Opportunities Fund - GrUTI Top 100 Fund - GrAverage Value of Above FundsMaximum ValueMinimum ValueUniverseELSS / Tax Savings SchemesAditya Birla Sun Life Tax Plan - DivAditya Birla Sun Life Tax Relief 96 Fund - DivAxis Long Term Equity Fund - GrBaroda Pioneer Elss 96 - DivBNP Paribas Long Term Equity Fund - GrBOI AXA Tax Advantage Fund - Regular - GrowthCanara Robeco Equity Tax Saver Fund - DivDHFL Pramerica Tax Plan - GrDSP BlackRock Tax Saver Fund - GrEdelweiss Long Term Equity Fund (Tax Savings) - GrFranklin India Taxshield GrHDFC Long Term Advantage Fund - GrHDFC Taxsaver - DivHSBC Tax Saver Equity Fund - GrICICI Prudential Long Term Equity Fund - Regular GrIDFC Tax Advantage (ELSS) Fund - Regular GrInvesco India Tax Plan - GrJM Tax Gain Fund - Growth OptionKotak Tax Saver - GrL&T Tax Advantage Fund - GrLIC MF Tax Plan GrMotilal Oswal Most Focused Long Term Fund - GrPrincipal Personal Tax Saver - GrPrincipal Tax Savings FundReliance Tax Saver Fund - GrSahara Tax Gain Fund GrSBI Magnum Tax Gain Fund - DivSundaram Diversified Equity (Tax Saver) Fund - DivTata India Tax Savings Fund Regular Plan - DivTaurus Tax Shield - GrUnion Tax Saver Scheme - GrUTI Long Term Equity Fund (Tax Saving) - GrAverage Value of Above FundsMaximum ValueMinimum ValueUniverseS&P BSE SENSEXNIFTY 50

India to grow 7.6% in calendar year 2018 amid note ban disruption: Moody's

Moody's Investors Service estimated that India will grow 7.6 per cent in calendar year 2018 and 7.5 per cent in 2019, amid signs of economic recovery from impact of demonetisation and GST. There are some signs that the Indian economy is starting to recover from the soft growth patch attributed to the negative impact of the demonetisation undertaken in 2016 and disruption related to last years rollout of the Goods and Service Tax, it said. The Budget for 2018-19 includes some measures that could stabilise the rural economy that was disproportionately hit by the demonetization policy and is yet to recover, it said.

India will beat China as global energy growth driver by 2030: BP official

India will bypass China as the driver in global energy growth by 2030, a top official of BP has said. As the pattern of growth within China shifts - slower economic growth and less intensive energy growth, the baton is passing to India as the dominant source of energy growth, according to Spencer Dale, chief economist BP,. He said currently China and India account for around half of the world's energy. India and China, with about like 2.5 billion people, that's around a third of the world's current population is currently responsible for the energy growth and the growing prosperity drives increase the growth in energy demand, and that's what's driving the growth.

India's Q3FY18 GDP growth rises to five-quarter high of 7.2%

The Indian economy grew at five-quarter high of 7.2% in the Oct.-Dec. period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The economy is expected to grow at 6.6% in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1% in 2016-17. The earlier estimate was 6.5%. The growth for the second quarter (July-Sep.) has been revised upwards to 6.5%, from 6.3% estimated earlier

by the CSO. The previous high was recorded at 7.5% in the July-Sep. quarter of 2016-17.

April-January fiscal deficit touches 113.7% of full-year target

India reported a fiscal deficit of R6.77 trillion ($103.72 billion) for April-January or 113.7 per cent of the target originally set for the fiscal year that ends in March. Net tax receipts in the first ten months of 2017/18 fiscal year were Rs 9.7 trillion, government data showed. Finance Minister Arun Jaitley in his budget for 2018/19 said the fiscal deficit target for the current year has been raised to 3.5 per cent of gross domestic product (GDP) from 3.2 per cent. The capital expenditure during the period stood at 2.64 trillion. The revenue deficit during the period was at R4.8 trillion.

CPI inflation to trend higher; chances of rate hike rising: Report

Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report. According to the global financial services major, minutes from the meet of Monetary Policy Committee (MPC) seem "hawkish", and highlight upside risks to inflation. The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation. As per the minutes, there was broad consensus that risks to inflation are clearly tilted to the upside. Moreover, fiscal slippage and higher MSP are the key concerns, UBS said in the research note.

GVA growth likely to improve to 6.8 per cent in Q3 led by services

After a muted first half, the gross value added (GVA) growth is likely to improve to 6.8 per cent in the third quarter, helped by an improvement in the services and industrial sectors, says a report. In the second quarter, GVA growth was at 6.1 per cent. Headline GVA growth in the third quarter is likely to mildly exceed 6.7 per cent printed a year-ago. During the first half of this fiscal, economic activity remained muted, partly on account of the structural transition to goods and

services tax (GST), but signs of a pick-up in growth are starting to appear.

Direct tax collection rises 19.5% in the Apr-Feb period to R7.44 trn

The Direct Tax collection has risen 19.5 per cent to R7.44 trillion in the April-February period of the current financial year, buoyed by a strong pick up in corporate tax. The net direct tax collection represents 74.3 per cent of the R10.05 trillion as per the revised estimates given in Union Budget 2018-19, presented in Parliament last month. The gross collections, before adjusting for refunds, rose 14.5 per cent to R8.83 trillion during 11 month period of the current financial year. Refunds amounting to R1.39 trillion have been issued till February.

Indian economy will continue to have V-shaped recovery, says FinMin

The 7.2 per cent expansion in the economy during Oct.-Dec. quarter has put the country in one of the highest growth bracket in the world and recovery will continue to be sharp going ahead, Economic Affairs Secretary Subhash Chandra Garg said. The third quarter growth of 7.2 per cent was highest in five quarters. The previous high was recorded at 7.5 per cent in the July-September quarter of 2016-17. In the first quarter of the current fiscal, the GDP grew at 5.7 per cent, while the second quarter growth stood at 6.5 per cent.

India, China to fuel 50% of rise in global oil demand in 5 years, says IEA

India and China are set to contribute nearly 50 per cent to the increase in the global demand for oil over the next five years, the International Energy Agency (IEA) said in its report on oil sector for 2018. According to IEA, demand is expected to grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as the oil demand would reach 104.7 mbd, up by 6.9 mb day from 2018. As China’s economy becomes more consumer-oriented, the rate of growth in oil demand slows down to 2023, compared with the 2010-17 period. By comparison, the pace of oil demand growth will pick up slightly in India, it says.

DISCLAIMER: We have taken due care and caution in compilation of this booklet. The information has been obtained formvarious reliable sources. However it does not guarantee the accuracy, adequacy or completeness of any information and are not responsible for any errors or omissions of the results obtained from the use of such information. Investors shold seek proper financial advise regarding the appropriateness of investing in any of the schemes stated, discussed or recommended in this newsletter and should realise that thestatements regarding future prospects may or may not realise. Mutual fund investments are subject to market risks. Please read the offer document carefully before investing. Past performance is for indicative purpose only and is not necessarily a guide to the future performance.

1,27,2991,31,3711,29,4021,30,9481,26,0481,22,9731,29,8111,24,1291,28,4491,27,7441,26,5071,29,3171,38,5101,28,9101,26,0941,21,1801,25,4501,23,0381,26,0381,29,9581,33,6031,25,8591,30,3351,25,3651,27,6661,28,5251,44,9901,29,9191,25,1691,28,1221,27,7841,27,8261,25,3111,26,6801,28,9081,29,1641,25,2781,26,0911,28,4261,21,0891,32,1021,32,0941,24,7871,27,4921,26,2871,31,6051,30,4741,29,5011,27,8381,27,1101,27,0501,30,6961,30,2961,28,1061,27,8071,27,8081,45,0181,19,284

159

1,30,7341,30,9311,29,7281,24,1241,23,9051,35,7211,27,7061,26,7221,24,9711,28,5971,24,9361,28,3551,25,0731,25,8791,27,3701,33,9741,29,7781,26,0091,22,4941,29,6881,30,9651,30,4701,26,1081,30,7781,25,5281,21,5801,25,9451,25,7081,27,9181,31,7071,26,1211,27,2241,27,7111,35,7211,21,580

321,29,0841,27,778

4,81,3724,85,1544,96,0804,93,2444,39,3714,02,0614,43,4054,29,9624,66,1114,66,3204,38,3114,60,8305,55,5224,58,2064,46,2264,17,7784,83,8094,39,3274,38,7094,55,1264,71,3994,27,8474,39,5104,40,8004,61,3314,52,4055,73,5654,69,8074,86,8824,79,9724,45,6414,77,0534,36,0534,37,1034,97,8304,27,3424,29,4824,52,4694,81,3964,03,8484,85,7584,32,8234,29,7604,67,5794,23,2774,56,9214,52,1594,50,2154,33,3434,36,3174,28,5474,63,3564,39,7404,30,7114,44,6164,55,9315,73,5654,02,061

159

4,66,8364,69,8574,49,3154,35,9414,26,0324,89,5854,36,0154,54,2984,57,3144,46,7074,29,6024,69,8004,52,4574,61,2094,35,8454,92,4524,55,3254,59,7534,38,1464,80,3144,52,4625,06,2204,39,0794,91,9904,55,7794,23,7334,32,7214,54,0674,68,6224,70,7864,15,4934,42,9864,55,0235,06,2204,15,493

324,36,1744,36,355

-9,50,824

11,50,22610,21,4088,65,1067,69,6438,98,8628,45,5809,81,697

10,63,3438,14,5669,54,689

14,05,7909,36,6229,15,4957,79,416

10,48,5688,95,6489,08,5079,04,4049,83,0748,46,2039,53,901

10,36,6449,92,3079,55,070

14,75,5849,68,748

10,43,59111,69,8438,41,475

11,11,0458,80,7208,92,211

10,87,9878,57,3558,33,124

10,38,4179,97,8467,78,576

10,65,4538,59,9348,31,5399,42,7687,90,030

-8,69,0968,59,1138,62,2368,25,1498,33,377

10,91,9239,68,8738,17,9338,77,6239,53,216

14,75,5847,60,857

150

9,96,55210,13,4219,75,5418,65,5108,78,0499,82,2128,53,9469,13,8109,63,7749,01,2498,99,1809,39,1039,06,8789,39,9768,93,497

10,27,4209,57,5079,48,3029,08,9129,82,6629,03,994

-8,64,737

10,18,5409,97,8318,20,0998,77,7409,19,6419,93,0909,18,7607,92,6238,75,1189,26,764

10,27,4207,92,623

318,02,5068,12,161

-15,10,05120,88,17117,45,62214,04,11612,40,92915,16,78313,94,72716,11,80718,42,39412,80,08515,69,46925,75,45515,61,32214,69,16512,16,68817,46,81115,03,08215,55,02114,45,84716,75,12413,82,48316,74,89919,12,72016,81,99816,20,15427,43,63915,53,26417,27,49520,17,96913,18,69919,48,93914,33,57714,95,92218,21,25014,46,18713,53,49618,28,130

-12,14,70518,38,56013,98,07813,26,90415,26,126

--

14,09,05813,42,52414,32,01513,26,86413,35,76919,67,30716,94,78213,21,79214,24,89616,07,38127,43,63910,97,797

145

16,96,93817,31,24617,47,39614,02,85814,98,86716,13,29013,92,30215,04,99316,48,01115,01,12715,19,24915,57,97014,78,70915,83,35715,11,59017,58,01916,26,56015,65,76614,68,28916,15,98414,70,004

-14,03,39717,45,84817,26,62013,16,95514,66,69915,01,77716,74,39014,58,726

-14,18,51515,53,51517,58,01913,16,955

3012,65,40512,82,762

-26,32,615

-29,77,13725,05,970

-30,46,18522,33,75328,37,57933,87,244

-27,97,471

-27,49,19724,99,66520,12,70732,24,23927,08,72227,45,69323,61,77835,06,85324,56,78032,52,01535,68,46628,49,43928,72,235

-26,06,09830,47,37536,47,76421,34,90838,26,60627,17,38726,41,28333,27,10826,91,15023,77,63733,91,500

-19,78,95531,25,927

-23,08,75126,75,474

--

23,67,66323,91,94026,35,60423,94,02322,91,50338,70,95035,01,06824,59,41024,72,52328,99,33348,83,78619,66,680

117

30,01,22230,40,523

-23,45,75127,04,361

-25,91,52024,78,54429,97,741

-28,55,91028,61,09327,10,05928,34,57328,86,843

-30,71,606

-25,11,96429,73,25324,39,295

-23,70,58929,68,33832,82,39623,65,73925,64,82725,30,77230,28,73025,32,111

-24,14,03627,34,47232,82,39623,45,751

2521,12,21121,45,277

-33,94,114

-36,75,76333,45,451

-41,25,342

-38,48,239

--

39,42,267--

32,60,22826,90,13943,08,65535,84,34835,26,92330,58,99245,58,12332,74,90441,91,26944,50,10335,78,83538,07,666

---

49,56,08727,78,59251,83,75837,37,73334,30,20645,89,55234,86,62431,74,64144,34,216

-24,51,00637,96,731

-29,74,70036,38,077

--

30,18,21833,22,22135,71,563

-29,80,42550,73,95148,23,93933,93,05631,66,51637,48,95559,08,49124,16,173

91

38,46,59139,42,737

-29,73,80733,62,325

-36,10,631

---

38,62,30337,51,71835,87,967

-38,16,959

---

31,99,75040,50,10430,31,613

-30,46,49636,15,20743,59,21632,16,23633,51,82033,62,53539,38,01035,00,288

-30,78,51635,47,84943,59,21629,73,807

2127,17,34027,79,992