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1800 200 5577
1800 180 5577
Global macro data points were largely positive. Economic outlook in US looks promising with a revival in GDP growth in Q2 but major countries of Euro zone continued to stutter with manufacturing output data. China’s economic growth picked up with help on the policy front whereas in Japan inflation picked up, signifying the success in Abe’s new economic policy. At home, the NDA delivered its first Union Budget, with the focus being consolidation and continuity. CPI trended down with a print of 7.3% versus 8.3% in the previous month and this was a boost to market sentiments. Monsoon too picked up in July bringing relief to both markets and policy makers.
Nifty rose by 1.44% over the month. The biggest takeaways from the Union Budget were FDI reforms, measures aimed at increasing financial savings and boosting infrastructure investments i.e by allowing banks to lend to infra projects without CRR/SLR obligations. Industrial production grew at 19 month high of 4.7%in May. Sectoral performance was mixed after a six month long widespread market rally. FMCG and Pharma outperformed, while Infrastructure, Power & Real Estate under-performed. Foreign institutional investors (FIIs) were buyers of US$ 2.2 bn over the month. Domestic Institutional Investors (DIIs) were sellers of US$ 536 mn in July.
Inflation numbers came off sharply during June’14 supported by lower food inflation and base effect. The Wholesale Price Index dipped to 5.43% for May 2014 as compared with 6.01% for the previous month. The headline CPI inflation also fell to 7.31% in June’14 from 8.28% in May'14. On the market movement, yields fell marginally during the month. Favourable inflation data and the RBI reshuffling the FII limits on debt investments augured well for the bond market. Also, during the month RBI auctioned a new 10-year benchmark paper at a coupon rate of 8.40%. The USD/INR weakened by further by 0.63% in the month on the back Iraq crisis led to Crude prices spiking.
Aggregate AUM of Max Life Insurance Co Ltd crossed 20K crores as at 31 Dec 2012 registering a growth of 31% over the year.
Investment newsletter - March 2014
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Copyright © 2013 Max Life insurance Co. Ltd. All Rights Reserved. An ISO 9001:2008 Certified Company.Registered Office: Max House, 1 Dr. Jha Marg, Okhla, New Delhi - 110020. Corporate Office: Max Life Insurance Co. Ltd., 3rd, 11th and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon (Haryana) – 122002. Operation Center: Max Life Insurance Co. Ltd, Plot No. 90-A Udyog Vihar, Sector 18, Gurgaon (Haryana) – 122015. Toll Free Helpline: 1800 180 5577 (for MTNL & BSNL lines) or 1800 200 5577 (from other service providers). Online Term Plan Helpline: 1800 200 3383. Fax Number: 0124-4159397. Email Ids: email@example.com; firstname.lastname@example.org. Insurance is the subject matter of solicitation. ARN/Web/01.Corporate Identity Number (CIN):U74899DL2000PLC106723. IRDA - Registration No. 104.