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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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    Aditya Birla Sun Life AMC Limited

    Equity Outlook Monthly Update March 2018

    May 03, 2018
    5 mins
    4 Rating

    • During this period we have seen that the tweets and trade wars would influence the market sentiment for the rest of the year resulting into a tug of war between the macros and the micros.
    • In terms of performance of the markets, the large cap Nifty index, midcap index and small cap index fell. The consumer durables, consumer staples and IT provided hiding places with their out performance.
    • Indian market continued its weak performance as it was at the bottom of the pack among the global peers.
    • With the recent developments on loans given to some jewellery companies turning bad, there is a concern on banks recognizing more non-performing assets in the next few quarters. RBI has allowed to spread them over four quarters.

    Outlook
    • As investors for long term, set your eyes on your goals. It is recommended to have right allocation in equities and that too with a large cap tilt. Make volatility your friend by committing more capital on bad days if any.

    Source: Mint, ABSLAMC Research, Bloomberg

    Portfolio Action
    • Aditya Birla Sun Life Balanced Advantage Fund (An Open ended Asset Allocation Scheme)

      In the financial services space, we increased our exposure to an Indian Life Insurance company while a finance holdings company was the new entrant to the fund owing to attractive valuations. We continue to remain bullish on the non-ferrous metals where we added one of the world’s largest global diversified natural resource major to the portfolio.
    • Aditya Birla Sun Life Equity Fund (An Open ended Growth Scheme)

      The fund maintains its cautious stance on the markets and continues to look for value in order to deploy cash. We continue to remain bullish on an Indian global telecommunications services company as it has divested non-core assets which will improve its balance sheet strength and help in expanding it’s 4G network.
    • Aditya Birla Sun Life Small & Midcap Fund (An Open ended Small and Mid-Cap Equity Scheme)

      We have witnessed volatility in the small & midcap space in the last 1 month, hence we would be deploying cash cautiously usinggrowth at a reasonable price (GARP) investment philosophy. Our stance on construction space continues to remain intact where we increased holdings in two Indian construction companies owing to developments in road, metro, highway projects.
     
    The Scheme(s) may or may not have any present or future positions in these sectors
     
    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
     

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