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Equity Market Review
- In August, major Indian indices corrected in-line with other major global equity indices, however Small and Mid Cap indices performed well
- While the S&P BSE Sensex and NSE Nifty indices both declined 2.3 per cent during the month, the rally in Small and Mid Caps continued unabated as BSE Mid Cap / BSE Small Cap indices jumped up by 2.7per cent / 6.3 per cent, respectively
Debt Market Review
- In early August, we saw a surprise downgrade of USA sovereign rating to AA+ from AAA by Fitch. With this downgrade, the USA is now rated AAA by Moody’s only
- FOMC minutes for the July Fed meeting indicated that Federal Reserve would remain data dependent going forward in terms of rate actions
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Risk Warning
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested.