Eastern Financiers has enjoyed long term partnerships with the best mutual fund houses across the country
Our committed and highly qualified insurance team possesses over 105 years of industry experience and is committed to service the interest of our customers
Our experienced equity broking experts guide you along the track of wise investing, helping you find the right way to multiply your money.
The Indian Equity markets ended lower in November, even while witnessing huge bouts of volatility. The BSE Sensex closed at 26653 points, down 4.6%, while the CNX Nifty ended lower by 4.7% at 8224 points.
The month witnessed 2 major events - the Demonetization of ` 500 & ` 1000 notes and Donald Trump being elected as the next President of USA. The election of Donald Trump was least expected as per the International Media and evoked mixed reactions among global markets. Emerging markets were the worst performers; the US markets performed well post-elections.
FIIs continued to be net sellers during the month to the tune of USD 2.7 billion. The Index of Industrial Production (IIP) figure was once again in negative territory in October at (-) 1.9% compared to 0.7% positive in September. The Wholesale Price Index (WPI) for November was slightly lower at 3.15% vs.3.39% in October.
While, in the near term, investor sentiments might be weighed down due to the impact of demonetization and global events, the outlook for equity markets appear positive over the medium to long term with a high likelihood of lower interest rates in India, improvement in corporate earnings, softening of commodity prices etc. Hence, investing in the equity market through the SIP route remains ideal even while adding lumpsums during any major fall in the market.
Debt funds continue to remain a superior option over Fixed Deposits, in terms of portfolio yield, tax efficiency, liquidity and a diversified portfolio.
Under our “Fund Highlights” section, we are giving details of few income (debt) funds for your reference. The “Special Feature” is an interesting article “Can you Afford the Cost of no Financial Advice” by Franklin India Mutual Fund.
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