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Dear Policyholder,
During the month of April 2022, the benchmark NIFTY index was down by 2.2%. FII equity investments during this month remained negative at Rs.40,652 Crores while mutual fund equity investments remained positive at Rs. 20,869 Crores, lower than level seen in the previous month. Energy, FMCG and Auto sectors out-performed other sectors, while Media and Real estate were key laggards. Indian equity markets may remain sideways with higher volatility in near term, due to elevated inflationary pressures because of ongoing Russia-Ukraine crisis, Lockdown in China, sharp rate hikes and inflationary pressures that are weighing the global demand outlook. Higher commodity prices are also impacting corporate profitability in India, leading to earnings downgrade. Domestic flows of mutual fund however remain strong supporting the market. We are looking to use the current volatile times to accumulate high quality stocks in portfolio from medium to long term perspective.
We will contact you shortly!
We will contact you shortly!
