-- The midcap and small cap indices continued their growth trend with 1.6% and 1.9% gains respectively while the large cap Index Nifty has corrected by 1.05%.
-- In terms of flows, FIIs continued to be net buyers as they purchased $2.95bn, the mutual funds bought $1.64bn while other domestic institutions were net sellers.
-- On global front, US was able to move ahead with the tax cuts which would provide stimulus to the economy.
-- Domestically, the CPI inflation inched higher by ~30 bps and stood at 3.58%
-- The GDP print for Q2FY18 came in at 6.3%.
-- On the earnings front, for Nifty 50 companies, the Sales, EBITDA and Adjusted PAT grew by 11%, 14.7% and 13.4% respectively.
-- We think that the EPS growth for Nifty 50 companies could be between ~11-13% for FY18 & over ~20% for FY19.
Advisable funds Equity:
• Large Cap Funds - ABSL Frontline Equity Fund & BSL Top 100
• Multi cap funds - ABSL Advantage Fund and BSL Equity Fund
• Balanced Fund - ABSL Balanced’95
• P/E based Funds – ABSL Balanced Advantage Fund
Advisable funds Debt:
• Savvy Investors: ABSL Dynamic Bond Fund & ABSL Income Plus
• Risk Averse Investors: ABSL Corporate Bond Fund, ABSL Short Term Opportunities Fund & ABSL Medium Term Plan