Kotak Emerging Equity Scheme Announces Change In Benchmark Index

With effect from 01 August 2015 

Kotak Mutual Fund has announced change in benchmark index of Kotak Emerging Equity Scheme, with effect from 01 August 2015. Accordingly, the revised benchmark index will be S&P BSE Small Cap Index. 

FPIs extend selling

Net outflow of Rs 119.67 crore on 29 July 2015 

Foreign portfolio investors (FPIs) sold shares worth a net Rs 119.67 crore yesterday, 29 July 2015, compared with their selling of Rs 1310.16 crore on Tuesday, 28 July 2015. 

The net outflow of Rs 119.67 crore on 29 July 2015 was a result of gross purchases of Rs 
4324.76 crore and gross sales of Rs 4444.43 crore. There was a net outflow of Rs 121.06 crore into the secondary equity market on 29 July 2015, which was a result of gross purchases of Rs 4322.48 crore and gross sales of Rs 4443.54 crore. The S&P BSE Sensex rose 104.20 points or 0.38% to settle at 27,563.43 on that day, its highest closing level since 24 July 2015. 

There was a net inflow of Rs 1.39 crore into the category 'primary markets & others' on 29 July 2015, which was a result of gross purchases of Rs 2.28 crore and gross sales of Rs 0.89 crore. 

FPIs have bought shares worth a net Rs 5116.07 crore in this month so far (till 29 July 2015). They have bought shares worth a net Rs 1990.63 crore from the secondary equity markets in this month so far (till 29 July 2015). FPIs sold shares worth a net Rs 3344.44 crore last month. They had sold shares worth a net Rs 4634.53 crore into the secondary equity markets last month. 

FPIs have bought shares worth a net Rs 44196.70 crore in calendar year 2015 so far (till 29 July 2015). They have bought shares worth a net Rs 28336.59 crore from the secondary equity markets in calendar year 2015 so far (till 29 July 2015). FPIs had bought shares worth a net Rs 97055.90 crore in the calendar year 2014. They had bought shares worth a net Rs 84440.80 crore from the secondary equity markets in calendar year 2014. 

Rupee slumps

At 64.04/05 per dollar 

Rupee closed lower at 64.04/05 per dollar on Thursday (30 July 2015), versus its previous close of 63.89/91 per dollar.

Asia Pacific Market: Stocks gain more ground

Asia Pacific share market ended mostly higher on Thursday, 30 July 2015, echoing gains in the U.S. stocks in overnight trading after market-friendly comments from the U.S. central bank. The MSCI Asia Pacific Index climbed 0.1% to 140.94. 

Investors showed renewed confidence after the U.S. Federal Reserve Bank indicated it was inclined to raise its interest rate if the economy continues to pick up but gave no hint of an imminent tightening in monetary policy, helping overnight Wall Street shares to gain ground.
The Federal Open Market Committee painted a strong picture of the U.S. labor market at the conclusion of its two-day policy-setting meeting. The central bank said job gains have been solid, noted how unemployment had declined and upgraded its assessment of the slack in the labor market. 

Even though the Fed didn't send a clear signal for timing on a rate increase, keeping a September timeline open for the Fed's first interest-rate increase in more than nine years. The Fed said it only needs to see some further improvement in the labor market to raise interest rates. 

The Fed's ultra-loose monetary policy following the 2008 financial crisis has sent prices of many stocks and bonds to elevated levels, raising concerns whether financial assets could hold up once the Fed starts raising interest rates for the first time in nearly a decade. 

While uncertainty around the timing of the first rate increase could prompt stock swings, many investors say the market should be able to withstand the first few moves as the overall level of rates is expected to remain low. 

Among Asian bourses
 
Energy, mining stocks lead Australia market rally
 
The Australian share market enjoyed a strong rally for second straight day, with most of sectors finishing in the green, led by energy and materials on the back of a surge in the crude oil iron ore price overnight. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both advanced by 0.8% to 5669.50 and 5653.10, respectively. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 3.7% to 15.11, suggesting a 4.4% swing in the equity benchmark index in the next 30 days. 

Nikkei jumps on weaker yen
 
Japanese share market rallied, echoing gains in the U.S. stocks in overnight trading after market-friendly comments from the U.S. central bank. Meanwhile, risk sentiments. boosted up further from yen depreciation against greenback and solid quarterly earnings results from blue chip companies. The Nikkei Stock Average advanced 219.92 points, or 1.08%, to end at 20522.83 points. The broader Topix index ended 0.81%, or 13.27 points, higher at 1647.21 points. 

Investors focused on earnings results from key Japanese corporates. Several companies reported business results after the Wednesday market close and more than 500 Japanese companies to report earnings on Thursday and Friday. Of the 406 to report so far, 59% have exceeded profit expectations, an improvement from the 48% that beat forecasts in the previous quarter. 

China market tumbles 2.2%
 
A selloff in late afternoon trade dragged the Mainland China's stock market deeply into red. The panic selling triggered after China Securities Journal reported that Chinese banks had been checking their exposure to the stock market through wealth management products and loans collateralized with stocks. The benchmark Shanghai Composite Index ended 83.40 points, or 2.2%, down at 3705.77 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, tanked 3.21%, or 70.66 points, to 2128.16 points. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, dropped 115 points, or 2.93%, to 3815.41 

Hong Kong market ends 0.5% down
 
The Hong Kong stock market closed down, as risk aversion selloff triggered on tracking weaker tone in Mainland A-share market. Traders largely shrugged off strength in regional markets after the U.S. Federal Reserve painted a relatively bright picture of the world's largest economy. The benchmark opened 202 points higher in tandem with rally of overseas markets, but reversed its trend on the weaker tone of mainland market. The Hang Seng Index ended 121.47 points, or 0.49%, lower at 24497.98 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, decreased 136.36 points, or 1.21%, to 11137.33 points. Turnover reduced slightly to HK$80.2 billion from HK$86 billion on Wednesday. 

Sensex drifts up as cabinet approves amendments to GST bill
 
Indian stock market ended higher, as market sentiment was boosted by news reports that the Union Cabinet has approved amendments to the goods and services tax (GST) bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime, as has been suggested by Rajya Sabha Select Committee. The barometer index, the S&P BSE Sensex, provisionally rose 191.97 points or 0.7% to 27,755.40. 

Elsewhere in the Asia Pacific region: Taiwan's Taiex index rose 1% to 8651.49. South Korea's KOSPI was down 0.9% to 20192. New Zealand's NZX50 rose 0.4% to 5891.85. Singapore's Straits Times index lost 2.2% at 3249.52. Indonesia's Jakarta Composite index lost 0.2% to 4712.49. Malaysia's KLCI rose 0.1% to 1699.92. 

HDFC Quarterly Interval Fund – Plan C Announces Dividend

Record date for dividend is 03 August 2015 

HDFC Mutual Fund has announced 03 August 2015 as the record date for declaration of dividend under the retail plan-dividend option (payout & reinvestment) and retail Plan-direct plan-dividend option (payout & reinvestment) of HDFC Quarterly Interval Fund – Plan C. 

The amount of dividend (Rs per unit) will be distributable surplus, as reduced by applicable statutory levy on the face value of Rs 10 per unit under each option/plan of the scheme.

UTI Wealth Builder Fund Series II Announces Dividend

Record date for dividend is 03 August 2015 

UTI Mutual Fund has announced 03 August 2015 as the record date for declaration of dividend under UTI Wealth Builder Fund Series II. 

The quantum of dividend will be Rs 2.75 per unit or 27.50% on the face value of Rs 10 per unit.

ICICI Prudential Fixed Maturity Plan – Series 63 – 3 Years Plan M Announces Dividend

Record date for dividend is 03 August 2015 

ICICI Prudential Mutual Fund has announced 03 August 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of ICICI Prudential Fixed Maturity Plan – Series 63 – 3 Years Plan M. 

The recommended rate of dividend will be Re 0.05 per unit as on the record date.

Religare Invesco Fixed Maturity Plan – Series 26 – Plan D Extends NFO Period

The NFO period extended till 11 August 2015

Religare Invesco Mutual Fund has announced the closing date of the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series 26 – Plan D, a close ended debt scheme has been extended from 29 July 2015 to 11 August 2015. 

Religare Invesco Short Term Fund Announces Change In Exit Load Structure

With effect from 29 July 2015 

Religare Invesco Mutual Fund has announced change in exit load structure under Religare Invesco Short Term Fund, with effect from 29 July 2015. Accordingly, the exit load will be Nil.

Tata MF Announces Merger of Two Schemes

The record date for merger is 28 August 2015  

Tata Mutual Fund has approved the merger of Tata MIP Plus Fund with Tata Retirement Savings Fund – Conservative Plan, with effect from 28 August 2015. Consequently, from the record date, Tata MIP Plus Fund will cease to exist. 

The period of this exit offer is from 29 July 2015 to 27 August 2015. 

Birla Sun Life Enhanced Arbitrage Fund Announces Change In Exit Load Structure

With effect from 03 August 2015 

Birla Sun Life Mutual Fund has announced change in the exit load structure under Birla Sun Life Enhanced Arbitrage Fund, with effect from 03 August 2015. 

Accordingly, the revised exit load will be: 

For redemptions / switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV. 

For redemptions / switch out of units after 30 days from the date of allotment: Nil. 

Reliance Dual Advantage Fixed Tenure Fund II-Plan D Announces Dividend

Record date for dividend is 04 August 2015 

Reliance Mutual Fund has announced 04 August 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under Dividend Payout Option of Reliance Dual Advantage Fixed Tenure Fund II-Plan D. 

The amount of dividend will be Rs 0.10 per unit as on the record date.

Rupee recovers

At 63.91/92 per dollar 

Rupee closed higher at 63.91/92 per dollar on Tuesday (28 July 2015), versus its previous close of 64.17/19 per dollar.

Asia Pacific Market: Stocks extend rout

Asia pacific share market declined on Tuesday, 28 July 2015, echoing losses on the Wall Street overnight and concerns over China share price volatility. The MSCI Asia Pacific Index declined 0.5% to 140.26, extending its five-day fall to 3.5%. 

US stocks fell overnight after the steepest decline in Chinese stocks in eight years raised concerns that cooling growth in the world's No. 2 economy could hurt China's trading partners. 

Meanwhile, a two-day policy meeting of the Federal Reserve Open Market Committee (FOMC) has been scheduled on Tuesday, 28 July 2015, and Wednesday, 29 July 2015, to decide on interest rates in the United States. The US central bank is widely expected to keep interest rates at a record low at the meeting, but expectations are rising that a rate hike could come later this year. 

Among Asian bourses
 
Australia stocks end softer
 
The Australian share market ended softer, as losses in bullion, technology, consumer discretionary, industrial and material blue chip stocks were more than offset by gains in energy, utilities and healthcare stocks. The benchmark S&P/ASX 200 Index ended 5.20 points, or 0.09%, down at 5584.70, after having swung between a decline of as much as 1.1% and a gain of 0.3% during the course of the session. The broader All Ordinaries Index lost 8.20 points, or 0.15%, to 5571. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.1% to 16.34, suggesting a 4.5% swing in the equity benchmark index in the next 30 days. 

Gold stocks handed back some of Monday's strong gains as spot prices for the metal slipped in Asia trading to remain below the psychological level of $1,100 a troy ounce. 

Nikkei falls on weak offshore lead
 
Japanese share market eased, as risk sentiment hurt by tracking losses on the Wall Street overnight and concerns over China share price volatility. However, market trimmed losses late afternoon on reports Bank of Japan share-buying. The Nikkei Stock Average declined 21.21 points, or 0.1%, to end at 20328.89 points. The broader Topix index lost 0.52%, or 8.44 points, to close at 1629.46 points. 

China market extends losses 
 
Mainland China's stock market ended lower for a third-straight day in volatile trade, despite an unprecedented effort by the government of the world's second largest economy to shore up prices following a month-long rout. The benchmark Shanghai Composite Index ended 62.56 points, or 1.68%, down at 3663 points, after falling as much as 5% and rising as much as 1% earlier. The index has shed 11% since Friday and down nearly 30% from its mid-June high. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 2.24%, or 48.39 points, to 2111.70 points. 

The People's Bank of China on Tuesday promised to maintain its policy stance in a rare statement. At the same time it injected CNY50 billion into the system. The PBOC's actions are being interpreted as a response to Monday's sharp share-market fall and a demonstration of Beijing's determination to support the stock market. Overall prices remain stable, the PBOC said in an early morning statement aimed at dismissing fears about a monetary-policy shift as a result of recent rising pork prices.

Hong Kong market ends higher
 
The Hong Kong stock market ended higher, as investors chased for bottom fishing on heavily battered stocks after Beijing vows to step up purchases of stocks. The benchmark opened 82 points lower and saw its losses widen to more than 200 points as the Shanghai market lost the 3,600 mark. But it quickly rebounded and soared nearly 600 points at another point. The Hang Seng Index ended 151.98 points, or 0.62%, higher at 24503.94 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, decreased 57.63 points, or 0.51%, to 11173.04 points. Turnover reduced slightly to HK$115.27 billion from HK$116 billion on Monday. 

Sensex drifts lower
 
Indian index heavyweight and housing finance major HDFC led losses for key benchmark indices. Shares of the housing finance major edged lower after the company reported a muted growth in bottom line in Q1 June 2015. The barometer index, the S&P BSE Sensex, was provisionally off 102.76 points or 0.37% to 27,458.62. The market sentiment was edgy after the latest data showed that foreign portfolio investors (FPIs) pressed sales of Indian stocks yesterday, 27 July 2015. Shares of upstream oil companies declined as crude oil prices declined. Most power generation stocks declined. 

Indian stocks may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month July 2015 series to August 2015 series. The near month July 2015 derivatives contracts expire on Thursday, 30 July 2015. 

Meanwhile, Reserve Bank of India (RBI) Governor Raghuram Rajan reportedly said yesterday, 27 July 2015, that inflation targets should not be changed every three years as that would mean changing goal posts as soon as the system starts to internalize it. 

Foreign portfolio investors sold shares worth a net Rs 859.94 crore yesterday, 27 July 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 238.66 crore yesterday, 27 July 2015, as per provisional data released by the stock exchanges. 

Elsewhere in the Asia Pacific region: Taiwan's Taiex index rose 0.3% to 8582.49. South Korea's KOSPI was marginally higher at 2039.10. New Zealand's NZX50 dropped 0.4% to 5848.39. Singapore's Straits Times index declined 1% at 3281.09. Indonesia's Jakarta Composite index lost 1.2% to 4714.76. Malaysia's KLCI fell 0.6% to 1699.70. 

Mutual funds continue purchases

Net inflow of Rs 403.40 crore on 27 July 2015

Mutual funds bought shares worth a net Rs 403.40 crore yesterday, 27 July 2015, compared with net inflow of Rs 557.20 crore during the previous trading session on Friday, 24 July 2015. 

The net inflow of Rs 403.40 crore on 27 July 2015 was a result of gross purchases of Rs 1186.80 crore and gross sales of Rs 783.40 crore. The S&P BSE Sensex had tumbled 550.93 points or 1.96% to settle at 27,561.38 on that day, its lowest closing level since 19 June 2015. 

Mutual funds have bought shares worth a net Rs 2594.90 crore in this month so far (till 27 July 2015). They have purchased shares worth a net Rs 10325.50 crore last month. 

FPIs turn net sellers

Net outflow of Rs 758.22 crore on 27 July 2015 

Foreign portfolio investors (FPIs) sold shares worth a net Rs 758.22 crore yesterday, 27 July 2015, compared with their purchases of Rs 43 crore during the preceding trading session on Friday, 24 July 2015. 

The net outflow of Rs 758.22 crore on 27 July 2015 was a result of gross purchases of Rs 3913.19 crore and gross sales of Rs 4671.41 crore. There was a net outflow of Rs 760.39 crore into the secondary equity market on 27 July 2015, which was a result of gross purchases of Rs 3904.56 crore and gross sales of Rs 4664.95 crore. The S&P BSE Sensex fell 550.93 points or 1.96% to settle at 27,561.38 on that day, its lowest closing level since 19 June 2015. 

There was a net inflow of Rs 2.17 crore into the category 'primary markets & others' on 27 July 2015, which was a result of gross purchases of Rs 8.63 crore and gross sales of Rs 6.46 crore. 

FPIs have bought shares worth a net Rs 6545.90 crore in this month so far (till 27 July 2015). They have bought shares worth a net Rs 3457.64 crore from the secondary equity markets in this month so far (till 27 July 2015). FPIs sold shares worth a net Rs 3344.44 crore last month. They had sold shares worth a net Rs 4634.53 crore into the secondary equity markets last month. 

FPIs have bought shares worth a net Rs 45626.53 crore in calendar year 2015 so far (till 27 July 2015). They have bought shares worth a net Rs 29803.60 crore from the secondary equity markets in calendar year 2015 so far (till 27 July 2015). FPIs had bought shares worth a net Rs 97055.90 crore in the calendar year 2014. They had bought shares worth a net Rs 84440.80 crore from the secondary equity markets in calendar year 2014. 

Religare Invesco Fixed Maturity Plan – Series 26 – Plan D (1098 Days) Floats On

NFO period is from 28 July to 29 July 2015 

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Fixed Maturity Plan – Series 26 – Plan D (1098 Days), a close ended debt scheme. The tenure of the scheme is 1098 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 28 July to 29 July 2015. 

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme. 

The scheme offers growth & dividend payout option. 

The scheme would allocate 70%-100% of assets in debt instruments with low to medium risk profile and invest upto 30% of the asset would be invested in money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load: Nil 

Exit load: Not applicable. 

The scheme will be listed on the NSE. 

Benchmark Index for the scheme will be CRISIL Composite Bond Fund Index. 

Nitish Sikand will be the Fund Manager for the scheme. 

Kotak FMP Series 177 (1099 Days) Floats On

NFO period is open for subscription only on 28 July 2015 

Kotak Mutual Fund has launched a new fund named as Kotak FMP Series 177, a close ended debt scheme with the duration of 1099 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only on 28 July 2015. 

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. 

The scheme offers growth and dividend payout option. 

The scheme shall invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in government securities with low risk profile. 

Investment in derivatives will be up to 50% of the net assets of the scheme. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 for purchase and switch-ins. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme. 

The units of the scheme will be listed on BSE on allotment. 

Entry load and exit load charge will be nil for the scheme. 

The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index. 

The scheme will be managed by Deepak Agarwal. 

UTI Fixed Term Income Fund – Series XXII – XIII (1100 Days) Floats On

NFO period is from 28 July to 11 August 2015 

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXII – XIII (1100 Days), a close ended income scheme. The duration of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 28 July to 11 August 2015. 

The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. 

The scheme offers growth option, quarterly dividend option with payout and reinvestment facility, flexi dividend option with payout and reinvestment facility, annual dividend option with payout and reinvestment facility and maturity dividend option with payout facility. 

The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest upto 20% of assets would be allocated to money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

Sunil Patil is the fund manager for the scheme. 

HDFC Fixed Maturity Plan 1141D July 2015 (1) Floats On

NFO period is from 27 July to 04 August 2015 

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1141D July 2015 (1), a plan under HDFC Fixed Maturity Plans – Series 34 (a close-ended income scheme). The tenure of the scheme is 1141 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 27 July to 04 August 2015. 

The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan. 

The plan shall offer three options – growth, dividend and flexi option. The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be not applicable for the plan. 

Benchmark Index for the plan is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Anil Bamboli & Rakesh Vyas (Dedicated fund manager for overseas investments). 

Birla Sun Life Fixed Term Plan – Series MT (1099 days) Floats On

NFO period is from 28 July to 30 July 2015 

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Fixed Term Plan – Series MT (1099 days), a close ended income scheme. The tenure of the scheme is 1099 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 28 July and close on 30 July 2015. 

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. 

The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility). 

The scheme would invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in government securities with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund manager of the scheme will be Kaustubh Gupta. 

Plan with a professional but learn to have awareness

Dear Investor,

"Invest in as much of yourself as you can, you are your own biggest asset by far." - Warren Buffett

I strongly believe that the kind of person you are in your day-to-day life has a big influence on your investing personality as well. If you are a person who spends too much time watching television, worries all the time about short term job targets and deadlines, your next appraisal, your neighbour's new car, then you are most likely to carry that same personality in the stock markets as well. In the stock markets, you will repeat those same myopic thinking patterns and be focused on daily stock price movements, short term performance and impatiently look for quick gains.

Next month, Warren Buffett is set to complete 85 years. Charlie Munger is 91 years old already. And neither of them looks like the typical 'old guy'. Again, the same principle is at work here. They have taken care of their body and mind. They are wiser, more knowledgeable today than before. Is their success in business and investing any coincidence? Isn't it easy to see how well they have taken care of and invested in their 'biggest asset'. 

The above quote says a lot, we always insist our clients to have awareness for there own betterment, as for us your interest comes first. Being financial wise doesn't mean that one can out smart professionals but, surely one can understand who is in for making quick payout & who is in for creating value for your good-self by taking holistic, unbiased, research based, financial vision etc. while creating reserve for your short term/ medium term or long term goals by taking stock of the situation in hand financially.

Warm Regards, 

Varun Vaid

+91-9814612907
+91-0172-4623907

vaid.varun@yahoo.co.in

Rupee slides

At 64.17/19 per dollar 

Rupee closed lower at 64.17/19 per dollar on Monday (27 July 2015), versus its previous close of 64.0350/0450 per dollar.

Bond yield steady

10-year G-sec Paper yield closes at 7.83% 

The yield on 10-year benchmark federal paper, 7.72% GS 2025, closed steady at 7.83% same as close in the previous trading session. The total trading volume on central bank's gilts trading platform stood at Rs 18,700 crore. 

The yield traded range bound amid concerns in the market over the outcome of the Fed meeting later this week and also fall in Rupee to lowest level in almost six weeks. 

The weighted average rate in the overnight call money increased to 7.12% compared with 5.68% in previous session. The call money rate hovered in the range of 5.70% to 7.50% with the volume of Rs 11536.50 crore. 

Asia Pacific Market: Stocks retreat on caution over China economy, FOMC meeting

Asia pacific stock market declined on Monday, 27 July 2015, as market participants' risk-taking sentiment was dampened by tracking selloff in the Wall Street on Friday. Meanwhile, selloff pressure intensified on pullback in commodity prices, disappointing China economic data, and on caution ahead of big events including the Federal Open Market Committee meeting and U.S. gross domestic product data later this week. 

In the US, Wall Street stocks fell for the fourth straight session on Friday, after a dramatic slide in oil and gold prices as well as disappointing earnings results from companies such as Caterpillar and Freeport McMoran Inc. The S&P 500 SPX closed 1.1% lower at 2079.65, booking a 2.2% weekly loss. The Nasdaq Composite dropped 1.1% to 5088.63, ending the week with a 2.3% weekly loss. The Dow Jones Industrial Average dropped 0.9% to 17568.53, recording a 2.9% weekly loss. 

Commodity prices were remain under pressure, with copper sinking to a six-year low, gold falling to a five-year low, and U.S. oil prices pushing further below $50 a barrel. Crude oil for September delivery was down 0.22% to $48.03 a barrel. Brent oil for delivery in September fell 0.02% to hit $54.61 a barrel, while the December Gold contract rose 1.6% to $1103.40 a troy ounce. 

Disappointing Chinese economic data renewed worries that the world's second largest economy is heading for a sharp slowdown. Today, data showed industrial profits in China falling 0.3% in June from a year ago, after rising the previous two months. On Friday the preliminary reading of Caixin's Purchasing Managers' Index (PMI),an independent survey of manufacturing activity, came in at 48.2 for July, the weakest reading since 48.1 in April 2014. 

Investors largely opted for a wait-and-see mood ahead of the U.S. Federal Reserve's policy-setting meeting this week. A two-day policy meeting of the Federal Reserve Open Market Committee (FOMC) has been scheduled on Tuesday, 28 July 2015, and Wednesday, 29 July 2015, to decide on interest rates in the United States. 

Among Asian bourses
 
Nikkei falls on weak offshore lead, stronger yen
 
Japanese share market declined on first trading session of the week, on tracking losses on the US stock markets last Friday and yen appreciation yen appreciation against the greenback. The Nikkei Stock Average declined 194.43 points, or 0.95%, to end at 20350.10 points. The broader Topix index lost 1.08%, or 17.96 points, to close at 1637.90 points. 

Japanese currencies continued to feel the pressure of a strong U.S. dollar as investor flight to perceived safety of the Japanese currency amid sluggish global stocks and ahead of Federal Open Market Committee meeting this week. 

Bargain hunting spurs Australia Market 
 
The Australian share market ended higher on first trading session of the week, snapping a three-day losing streak, on the back of bottom fishing in oversold material and resources stocks. But, market gain were limited amid concerns about China's economic growth after weaker-than-expected economic data and on caution ahead of closely-watched events later this week including the Federal Open Market Committee meeting and U.S. gross domestic product data. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each gained by 0.4% to 5589.90 points and 5579.20 points, respectively. Last week, the S&P/ASX200 benchmark erased 1.8% and the All Ordinaries lost 1.7%. 

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.7% to 15.831, suggesting a 4.4% swing in the equity benchmark index in the next 30 days. 

China market tumbles on talks of govt support measures exit, economy fears
 
Mainland China's stock market suffered their biggest one-day decline in more than eight years, pressured by concern about exit in government new capital inflows as well as disappointing industrial data figures. Risk off selloff also fueled by tracking losses in the U.S. market on Friday, pullback in commodity prices, and amid expectations for U.S. interest rates to rise later this year. The benchmark Shanghai Composite Index tumbled 345.35 points, or 8.48%, to finish at 3725.56 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 7%, or 162.61 points, to 2160.09 points. 

Investors fear about removal of support measures from authorities intensified after reports stated that the International Monetary Fund has urged China to eventually unwind its support measures. The Chinese benchmark gauge has rebounded 16% from its July 8 low through Friday, as officials went to extreme lengths to halt a rout that erased $4 trillion from the nation's equities. Officials have unveiled a range of measures, including a police crackdown on short-selling and a six-month ban on big shareholders selling stock, to avert a slump which began in mid-June. 

Hong Kong market slumps on weak China A-shares
 
The Hong Kong stock market tumbled, following the negative close of Wall Street on Friday and sharp pullback in Mainland China A-share bourses. The benchmark opened 221 points lower on tracking weak offshore lead an extended retreat of more than 800 points at one stage to an intra-day low of 24,282 following the decline of the A-share market, which registered the biggest single-day losses in more than 8.5 years. The Hang Seng Index ended down 776.55 points, or 3.09%, to finish at 24351.96 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, decreased 448.35 points, or 3.84%, to 11230.67 points. Turnover increased to HK$116.24 billion from HK$78.4 billion on Friday. 

Sensex tumbles on China jitters; P-note worries
 
A sharp setback in Chinese stocks and fears that the stock market regulator Securities and Exchange Board of India (Sebi) may tighten rules on Participatory Notes (PNs) in the wake of a report by a special investigations team on black money hit sentiment on the domestic bourses adversely. PNs are a popular offshore derivative instrument used by foreign portfolio investors to invest in Indian stocks. The barometer index, the S&P BSE Sensex, hit four week low and the 50-unit CNX Nifty hit its lowest level in more than two weeks as these two key benchmark indices extended intraday losses in late trade. The Sensex fell below the psychological 28,000 mark. The market breadth indicating the overall health of the market was weak. The Sensex was provisionally off 550.93 points or 1.96% at 27,561.38. All the 12 sectoral indices on BSE ended lower today, 27 July 2015. 

Elsewhere in the Asia Pacific region: Taiwan's Taiex index fell 2.4% to 8556.68. South Korea's KOSPI declined 0.4% to 2038.81. New Zealand's NZX50 dropped 0.4% to 5872.06. Singapore's Straits Times index declined 1.2% at 3352.65. Indonesia's Jakarta Composite index lost 1.8% to 4771.29. Malaysia's KLCI fell 0.6% to 1709.76. 

FPIs extend buying

Net purchases of Rs 43 crore on 24 July 2015 

Foreign portfolio investors (FPIs) bought shares worth a net Rs 43 crore on Friday, 24 July 2015, compared with their purchases of Rs 305.99 crore during the preceding trading session on Thursday, 23 July 2015. 

The net inflow of Rs 43 crore on 24 July 2015 was a result of gross purchases of Rs 3455.61 crore and gross sales of Rs 3412.61 crore. There was a net inflow of Rs 31.62 crore into the secondary equity market on 24 July 2015, which was a result of gross purchases of Rs 3444.20 crore and gross sales of Rs 3412.58 crore. The S&P BSE Sensex fell 258.53 points or 0.91% to settle at 28,112.31 on that day, its lowest closing level since 14 July 2015. 

There was a net inflow of Rs 11.38 crore into the category 'primary markets & others' on 24 July 2015, which was a result of gross purchases of Rs 11.41 crore and gross sales of Rs 0.03 crore. 

FPIs have bought shares worth a net Rs 7304.12 crore in this month so far (till 24 July 2015). They have bought shares worth a net Rs 4218.03 crore from the secondary equity markets in this month so far (till 24 July 2015). FPIs sold shares worth a net Rs 3344.44 crore last month. They had sold shares worth a net Rs 4634.53 crore into the secondary equity markets last month. 

FPIs have bought shares worth a net Rs 46384.75 crore in calendar year 2015 so far (till 24 July 2015). They have bought shares worth a net Rs 30563.99 crore from the secondary equity markets in calendar year 2015 so far (till 24 July 2015). FPIs had bought shares worth a net Rs 97055.90 crore in the calendar year 2014. They had bought shares worth a net Rs 84440.80 crore from the secondary equity markets in calendar year 2014. 

Mutual funds in buying mode

Net inflow of Rs 557.20 crore on 24 July 2015

Mutual funds bought shares worth a net Rs 557.20 crore during previous trading session on Friday, 24 July 2015, compared with net outflow of Rs 178.90 crore on Thursday, 23 July 2015. 

The net inflow of Rs 557.20 crore on 24 July 2015 was a result of gross purchases of Rs 1471.20 crore and gross sales of Rs 914.10 crore. The S&P BSE Sensex had fallen 258.53 points or 0.91% to settle at 28,112.31 on that day, its lowest closing level since 14 July 2015. 

Mutual funds have bought shares worth a net Rs 2191.50 crore in this month so far (till 24 July 2015). They have purchased shares worth a net Rs 10325.50 crore last month. 

Axis Equity Saver Fund Floats On

NFO period is from 27 July to 10 August 2015 

Axis Mutual Fund has launched a new fund named as Axis Equity Saver Fund, an open ended equity scheme. During the New Fund Offer (NFO) period, the units will be offered for Rs 10 each. The new issue is open for subscription from 27 July and closes subscription on 10 August 2015. 

The investment objective is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. 

The scheme shall offer two options i.e. dividend (dividend payout and dividend reinvestment option with monthly and quarterly dividend frequency) and growth option under both regular and direct plan. 

The scheme will allocate 65%-80% of assets in equity & equity related securities, of which 20%-45% in equities & equity related instruments (unhedged) with high risk profile, 20%-60% in equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options etc. as part of hedged / arbitrage exposure with medium to high risk profile and invest 20%-35% of assets in debt & money market instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Nil. 

Exit load: 1%, if redeemed / switched-out within 12 months from the date of allotment. 

Benchmark Index for the scheme is Crisil MIP Blended Fund Index. 

The fund managers of the scheme are R.Sivakumar and Jinesh Gopani. 

ICICI Prudential R.I.G.H.T. (Rewards of Investing & Generation of Healthy Tax-savings) Fund Announces Dividend

Record date for dividend is 31 July 2015 

ICICI Mutual Fund has announced 31 July 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of ICICI Prudential R.I.G.H.T. (Rewards of Investing & Generation of Healthy Tax-savings) Fund. 

The recommended rate of dividend will be Rs 2.15 per unit as on the record date.

SBI Arbitrage Opportunities Fund Announces Dividend

Record date for dividend is 31 July 2015 

SBI Mutual Fund has announced 31 July 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option in regular plan & direct plan of SBI Arbitrage Opportunities Fund. 

The quantum of dividend will be Rs 0.07 per unit under each plan.

BNP Paribas Dividend Yield Fund Announces Dividend

Record date for dividend is 31 July 2015

BNP Paribas Mutual Fund has announced 31 July 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under BNP Paribas Dividend Yield Fund. 

The amount of dividend (Rs per unit) will be: 

BNP Paribas Dividend Yield Fund: 0.10 

BNP Paribas Dividend Yield Fund-Direct Plan: 0.10

Canara Robeco F.O.R.C.E Fund Announces Dividend

Record date for dividend is 31 July 2015 

Canara Robeco Mutual Fund has announced 31 July 2015 as the record date for declaration of dividend under the regular plan-dividend option of Canara Robeco F.O.R.C.E Fund.

 The amount of dividend will be Rs 1.30 per unit on the face value of Rs 10 per unit.

Escorts MF Announces Discontinuation of Bonus Option under two schemes

With effect from 01 August 2015 

Escorts Mutual Fund has approved discontinuation of the bonus option / plan under Escorts Income Plan and Escorts High Yield Equity Plan, with effect from 01 August 2015
Accordingly, the scheme would have only dividend and growth option with growth option as the default option. 

Consequently, no fresh subscription would be accepted under the bonus option of the schemes, whether by way of fresh subscription or additional purchase / switch-in or under Systematic Investment Plan (SIP). 

IDBI MF Announces rollover under IDBI FMP – Series III – 24 Months (July 2013) – F

The scheme shall mature on 22 August 2016 

IDBI Mutual Fund has announced the Rollover of IDBI FMP – Series III –24 Months (July 2013) – F, which is due for maturity on 11 August 2015. 

IDBI Asset Management Company has decided to roll over (extend the maturity) of the scheme for a period of another 377 days. Pursuant to roll over, the extended maturity date of the scheme will be 22 August 2016. 

Sundaram Fixed Term Plan – GZ Floats On

NFO period is from 24 July to 25 July 2015 

Sundaram Mutual Fund has launched a new fund named as Sundaram Fixed Term Plan – GZ, a close ended income scheme with the duration of 1110 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 24 July and closes on 25 July 2015. 

The objective of the Scheme would be to generate income by investing in debt and money market securities, which mature on or before the maturity of the scheme. 

The scheme offers growth and dividend payout (quarterly & half yearly) options. 

The scheme will allocate upto 20% of assets in money market instruments and invest 80%-100% of assets in short-term and medium term debt instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

The scheme is proposed to be listed on NSE. 

Entry load: Nil 

Exit load: Not applicable. 

The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index.
The scheme will be managed by Sandeep Agarwal. 

JM Financial MF Announces Introduction of Additional Options under JM Arbitrage Advantage Fund

With effect from 27 July 2015 

JM Financial Mutual Fund has approved introduction of additional options under the normal and direct plans of JM Arbitrage Advantage Fund, with effect from 27 July 2015. 

Accordingly, the proposed options will be Monthly Dividend Option, Quarterly Dividend Option, Half Yearly Dividend Option and Annual Dividend Option. 

ICICI Prudential Equity Income Fund Announces Dividend

Record date for dividend is 30 July 2015 

ICICI Prudential Mutual Fund has announced 30 July 2015 as the record date for declaration of dividend under ICICI Prudential Equity Income Fund. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

Regular Plan-Monthly Dividend & Direct Plan – Monthly Dividend: 0.04 each. 

Regular Plan – Quarterly Dividend: 0.08 

Direct Plan – Quarterly Dividend: 0.12 

Regular Plan – Half Yearly Dividend & Direct Plan-Half yearly Dividend: 0.24 each.

IDFC MF Announces Dividend Under Its Schemes

Record date for dividend is 30 July 2015 

IDFC Mutual Fund has announced 30 July 2015 as the record date for declaration of dividend under the dividend option of following schemes. 

The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

IDFC Arbitrage Plus Fund- Regular Plan, Direct Plan & Plan-B: 0.0400 each. 

IDFC Arbitrage Fund-Regular Plan, Direct Plan & Plan-B: 0.0600 each. 

IDFC Asset Allocation Fund of Fund-Aggressive Plan-Regular Plan: 0.0800 

IDFC Asset Allocation Fund of Fund-Conservative Plan-Regular Plan & Direct Plan: 0.0600 each. 

IDFC Asset Allocation Fund of Fund-Moderate Plan-Regular Plan: 0.0700 

IDFC Super Saver Income Fund - Medium Term – Regular Plan – Bi-Monthly: 0.0882 

IDFC Super Saver Income Fund - Medium Term – Direct Plan – Bi-Monthly: 0.1014

IDFC Equity Opportunities – Series 3 Announces Dividend

Record date for dividend is 30 July 2015 

IDFC Mutual Fund has announced 30 July 2015 as the record date for declaration of dividend on the face value of Rs 10 per unit under the regular plan-dividend option and direct plan-dividend option of IDFC Equity Opportunities – Series 3. 

The quantum of dividend will be Rs 1.5000 per unit under each plan as on the record date.

IDFC MF Announces Change In Constitution of the Board of Directors of IDFC Asset Management Company & IDFC AMC Trustee Company

With effect from 16 July 2015

IDFC Mutual Fund has announced that Rajiv B. Lall, Pradip Madhavji and Bakul Patel have resigned from the board of directors of IDFC Asset Management Company, with effect from 16 July 2015.

Further, Jamsheed Kanga and D.M. Sukthankar have resigned from the board of directors of IDFC AMC Trustee Company, with effect from the same. 

ICICI Prudential MF Announces Appointment of Independent Director on Board

With effect from 05 July 2015 

ICICI Prudential Mutual Fund has announced that Radhakrishnan Nair has been appointed as an Independent Director on the board of directors of ICICI Prudential Trust, with effect from 05 July 2015. 

Reliance Fixed Horizon Fund – XXIX – Series 1 Floats On

NFO period is from 24 July to 29 July 2015

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXIX – Series 1, a close ended income scheme with the duration of 1112 days from the date of allotment. During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 24 July to 29 July 2015. 

This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk - Blue. 

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. 

The scheme offers growth and dividend pay out option under both regular plan and direct plan. 

The scheme will allocate upto 20% of its assets in money market instruments with low risk profile and invest 80%-100% of its assets in government securities & debt instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund manager of the scheme will be Amit Tripathi. 

SBI Dual Advantage Fund – Series X Floats On

NFO period is from 29 July to 12 August 2015 

SBI Mutual Fund has unveiled a new fund named as SBI Dual Advantage Fund – Series X, a close ended hybrid scheme. The tenure of the scheme is 1111 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 29 July and close on 12 August 2015. 

The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity and equity related instruments. 

The scheme offers regular and direct plan. Both the plans will have growth and dividend option. 

The scheme will invest 55%-95% of assets in debt and debt related instruments, invest upto 10% of assets in money market instruments with low to medium risk profile and invest 5%-35% of assets in equity and equity related instruments including derivatives with high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

Entry and exit load charge will be not applicable. 

The units of the scheme will be listed on NSE in order to provide liquidity. 

Benchmark Index for the scheme is CRISIL MIP Blended Fund Index. 

Rajeev Radhakrishnan shall manage debt portion and Richard D'souza shall manage investments in equity & equity related instruments of the scheme. 

Rupee slumps further

At 63.76/77 per dollar 

Rupee closed lower at 63.76/77 per dollar on Thursday (23 July 2015), versus its previous close of 63.5750/58 per dollar.

Asia Pacific Market: Stocks mixed, eyes on Fed policy meets

Asia Pacific share market closed mixed in lackluster trading on Thursday, 23 July 2015, on following losses on the Wall Street overnight. Meanwhile mounting concerns that the US policy makers to start rising interest rates this year also kept investors in a defensive mood. The MSCI Asia Pacific Index rose 0.2% to 143.94, after dropping 0.2% earlier. 

Wall Street declined for a second straight session on Wednesday due to disappointing tech earnings headlined by Apple and Microsoft. Both companies delivered disappointing quarterly results or outlooks. The Nasdaq Composite was the biggest loser, down 0.7%, while the blue-chip Dow and the S&P 500 shed 0.4 and 0.2%, respectively. 

Investors have switched their focus back to U.S. monetary policy, with a better-than-forecast housing report Wednesday pushing a 50% chance of a rate hike from Fed in September. But there are risks of external shock, slowdown in improvement labor market and inflation that might delay the rate hike. 

The dollar's resurgence is undermining commodity prices as the World Bank sees abundant supply clashing with weakening global demand. The spot gold edged up modestly to $1,096.70 an ounce in early Asian trade after chalking up its 10th straight day of losses, in the longest losing streak for the precious metal in almost 20 years. In the energy space, benchmark U.S. crude was up 11 cents to $49.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.67 to close at $49.19 on Wednesday. Brent crude, a benchmark for international oils, was unchanged at $56.13 a barrel in London. 

Over in Europe, the Greece's Parliament passed legislation on a second batch of reforms demanded by international creditors, clearing the way for final talks on a third multi-billion euro bailout. Separately, ECB raised the limit on Emergency Liquidity Assistance for Greek banks by EUR 900m. 

New Zealand central bank RBNZ cut OCR by 25bps to 3.00%. The central bank noted in the accompanying statement that the rate cut was "warranted by the softening in the economic outlook and low inflation." And, "at this point, some further easing seems likely." Regarding the exchange rate, RBNZ maintained that "while the currency depreciation will provide support to the export and import competing sectors, further depreciation is necessary given the weakness in export commodity prices." 

Among Asian bourses
 
Nikkei jumps on earning optimism 
 
Japanese share market closed higher, as strength in airlines, paper product makers, retailer, and tourism-related share were more than offset by losses in resources and energy stocks. The Nikkei Stock Average retreated 248.30 points, or 1.19%, to end at 20593.67 points. The broader Topix index added 0.57%, or 9.51 points, to close at 1658.53 points. 

Stocks related to retailer and tourism-related share advanced after the Japan National Tourism Organization said on Wednesday that foreigners travelled to Japan jumped 46% on year to 9.14 million during the first half of this year. Department store stocks climbed, with Isetan Mitsukoshi Holdings rising 2.1% and Takashimaya Co 2.5%. Disney Resort operator Oriental Land Co rose 2.3%. Appliance retailer Bic Camera added 7.5%, while duty-free device seller Laox Co. added 6.7%. 

Shares of airline carrier jumped on the optimism that lower fuel costs will boost earnings. ANA Holdings Inc. climbed 2.3%. ANA Holdings jumped 2.3%, while Japan Airlines Co. rose 1.6%. 

Energy shares tumbled amid the rout in oil prices, with energy explorer Inpex Corp. dropping 1.4% to the lowest closing price since April. 

Nidec Corp. surged 8.7% after reporting better-than-expected earnings. The electronic-parts manufacturer reported a first-quarter operating profit of 31.1 billion yen, above estimates of 30.6 billion yen. 

Japan's Exports rose 9.5% year over year, while Imports fell 2.9%, as a result trade deficit was Y69.0 billion in June, down from Y834.1 billion in the year-ago period, according to trade statistics from the Ministry of Finance released on Thursday. 

Resources stocks weigh down Australia Market
 
The Australian share market finished down for second straight day, with shares of resources and energy blue-chip companies leading declines after pullback in commodity prices. The benchmark S&P/ASX 200 Index dropped 24.30 points, or 0.43%, to 5590.30 points, while the broader All Ordinaries Index lost 22.20 points, or 0.4%, to 5581.30 points. 

Shares of material and resources stocks extended fall, with iron ore miners being major losers after an overnight fall in iron ore to just above US$50 per tonne. BHP Billiton fell 2.9% to A$25.50 and Rio Tinto was down 1.9% to A$51.20. 

Fortescue Metal dropped 1.9% to A$1.645 after a cautious production update. Australia's third-largest iron ore miner guided that it would produce 155 million to 160 million tonnes in financial 2015, but in April this year increased its forecast to - up to 165mtpa, helping it to spread costs across a wider production base. 

Energy stocks tumbled on tracking plunge in crude oil prices. Brent was down 2 cents at $US56.11 a barrel, after falling more than 1.5% overnight, while US crude oil rose 13 cents to $US49.32, after dropping $US49.19 on Wednesday. Front-month WTI prices are down 19.7% from this year's highest close on June 10. Energy heavyweight Woodside Petroleum dropped 1.4% to A$33.61 and Santos sank 1.9% to A$7.11. 

Investment bank Macquarie Group jumped 0.4% to A$84.81 after improving its full year profit guidance. Macquarie said its 2016 full-year result would be "slightly up" on this year's A$1.6 billion profit. Macquarie also upgraded its guidance for the asset management unit, its largest contributor to earnings, saying it now expected that unit to post a higher full-year result than in 2015. It had previously said income from asset management in 2016 would be "broadly in line" with this year's result. Macquarie on Thursday also noted that its surplus capital above minimum regulatory capital requirements stood at A$2.4 billion as at June 30, down from A$2.7 billion at the end of March. 

CIMIC was up 1.7% at A$23.76 after construction and contract mining giant reaffirmed its guidance for full-year net profits of between A$450 million and A$520 million. Construction group CIMIC has posted a 12% drop in first-half net profits to A$257.2 million on 4% drop in revenue to A$8.68 billion as income from construction and contract mining projects dropped.
Gold miner Newcrest Mining rebounded 2.7% to A$11.84 after announcing that it has achieved its full-year production targets for gold and copper for 2015 financial year. The Melbourne-based miner produced 2.42 million ounces of gold during the year, and this was at the top end of guidance to deliver 2.3 million to 2.5 million ounces in the year to June 30.

China market rises for sixth day
 
Mainland China's stock market advanced for sixth consecutive session on the back of government unprecedented intervention measures. Sentiment among Chinese investors was lifted after the Shanghai Securities News that China shouldn't withdraw stock support measures near-term. The benchmark Shanghai Composite Index advanced 97.88 points, or 2.43%, to finish at 4123.92 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 2.83%, or 64.67 points, to 2352.65 points. 

The benchmark gauge has rebounded 18% since July 8, following a 32% plunge that wiped out almost $4 trillion, as policy makers introduced a spate of measures to bolster equities. Beijing officials banned major shareholders from selling stakes, suspended initial public offerings and gave a government agency access to more than $480 billion of borrowed funds to help finance equity purchases. 

All 10 SSE sectors advanced, with shares related to material producers surged the most ahead of Friday's flash manufacturing data. Yunnan Tin Co. surged by the 10% daily limit, while Anhui Conch Cement Co. rose 4.7%. 

Shares of brokerage companies paced gains among financial, with Citic Securities Co. and Haitong Securities Co. both advancing at least 2%. Ping An Insurance (Group) Co. jumped 4.2% after the Chinese insurer expects first-half net profits to rise 62%. China Construction Bank ended up 1.1%, while Agricultural Bank of China and Bank of Communications bumped up 0.5 and 1.4%, respectively. 

Train maker CRRC Corp rose 1.6% in Shanghai after winning a 4.84 billion yuan order from Hong Kong transportation firm MTR Crop. 

Hong Kong market jumps 0.46%
 
The Hong Kong stock market closed modest higher, on following the gains in Mainland China A-share market as a result of government support and purchases by funds and large shareholders. The benchmark opened firmer and reversed its trend at one point. With the rally of A-share market above the 4,100 level, local sentiment was also boosted. The Hang Seng Index ended up 116.23 points, or 0.46%, to finish at 25398.85 points, off an intra-day low of 25250.36. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, jumped 100.20 points, or 0.85%, to 11834.47 points. Turnover reduced to HK$79.8 billion from HK$81.7 billion on Wednesday. 

Shares of shipping and aviation counters jumped after crude oil price dropped below US$50 level and hit fresh 3-month low. China Ship Dev (01138) and China South Air (01055) gained 2% and 4% to HK$5.33 and HK$9 respectively. 

Casino stocks advanced, with Sands China leading the rally, up 8% to HK$33.35 after reported strong earnings for 2Q. Barclays Research expects the company to raise its dividend payout. Galaxy Ent (00027) shot up 4.5% to HK$35.85. Macau Legend (01680) jumped 4.7% to HK$2.43 after the company said it was granted a gaming concession by the government of Republic of Cabo Verde. 

Sensex slips
 
Indian stock market ended lower after altering between positive and negative territory. As per provisional figures, the S&P BSE Sensex was down 143.41 points or 0.5% at 28,361.52. The CNX Nifty was down 47 points or 0.54% at 8,586.50, as per provisional figures. Investors remained sidelines in the absence of a positive surprise from the quarterly earnings. 


Foreign portfolio investors (FPIs) bought Indian shares worth a net Rs 450.32 crore yesterday, 22 July 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 351.77 crore yesterday, 22 July 2015, as per provisional data released by the stock exchanges. 

Elsewhere in the Asia Pacific region: Taiwan's Taiex index fell 1.4% to 8791.12. South Korea's KOSPI added 0.02% to 2065.07. New Zealand's NZX50 fell 0.5% to 5901.30. Singapore's Straits Times index declined 0.1% at 3356.37. Indonesia's Jakarta Composite index lost 0.1% to 4902.85. Malaysia's KLCI fell 0.4% to 1722.44

FPIs resume buying

Net inflow of Rs 467.84 crore on 22 July 2015 

Foreign portfolio investors (FPIs) bought shares worth a net Rs 467.84 crore yesterday, 22 July 2015, as against their outflow of Rs 159.10 crore crore during the preceding trading session on 21 July 2015. 

The net inflow of Rs 467.84 crore on 22 July 2015 was a result of gross purchases of Rs 4001.57 crore and gross sales of Rs 3533.73 crore. There was a net inflow of Rs 475.55 crore into the secondary equity market on 22 July 2015, which was a result of gross purchases of Rs 4001.57 crore and gross sales of Rs 3526.02 crore. The S&P BSE Sensex had risen 322.79 points or 1.14% to settle at 28,504.93 on that day, its highest closing level since 16 April 2015. 

There was a net outflow of Rs 7.71 crore from the category 'primary markets & others' on 22 July 2015. 

FPIs have bought shares worth a net Rs 6955.13 crore in this month so far (till 22 July 2015). They have bought shares worth a net Rs 3891.79 crore from the secondary equity markets in this month so far (till 22 July 2015). FPIs sold shares worth a net Rs 3344.44 crore last month. They had sold shares worth a net Rs 4634.53 crore into the secondary equity markets last month. 

FPIs have bought shares worth a net Rs 46035.60 crore in calendar year 2015 so far (till 22 July 2015). They have bought shares worth a net Rs 30237.60 crore from the secondary equity markets in calendar year 2015 so far (till 22 July 2015). FPIs had bought shares worth a net Rs 97055.90 crore in the calendar year 2014. They had bought shares worth a net Rs 84440.80 crore from the secondary equity markets in calendar year 2014. 

Mutual funds continue buying

Net inflow of Rs 181.10 crore on 22 July 2015

Mutual funds bought shares worth a net Rs 181.10 crore yesterday, 22 July 2015, compared with net inflow of Rs 122.50 crore during the preceding trading session on Tuesday, 21 July 2015. 

The net inflow of Rs 181.10 crore on 22 July 2015 was a result of gross purchases of Rs 1055.90 crore and gross sales of Rs 874.70 crore. The S&P BSE Sensex rose 322.749 points or 1.15% to settle at 28,504.93, its highest closing level since 16 April 2015. 

Mutual funds have bought shares worth a net Rs 1813.20 crore in this month so far (till 22 July 2015). They have purchased shares worth a net Rs 10325.50 crore last month. 

SBI Debt Fund Series B – 24 (1100 Days) Floats On

NFO period is from 27 July to 29 July 2015 

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series B – 24, a close ended debt scheme. The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 July and close on 29 July 2015. 

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. 

The scheme offers regular and direct plan. Both the plans will have growth and dividend option. 

The scheme will invest 60%-100% of assets in debt and invest upto 40% of assets in money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

Entry and exit load charge will be nil for the scheme. 

The units of the scheme will be listed on NSE in order to provide liquidity. 

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. 

The fund manager of the scheme is Rajeev Radhakrishnan.