Debt Market Review

Indian sovereign bond closed at 5.88%. The government is expected to pursue easy monetary policy by reducing interest rates and infusing surplus liquidity for the current fiscal amid the pandemic-induced lockdown. The RBI announced special open market operations of government securities worth Rs 10,000 crore.

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Equity Market Review

Indian equity market recorded a resilient performance in June, despite increase in COVID-19 cases, downgrades by rating agencies and geopolitical tensions with China. MSCI India (US$) rose 6.8% in June performing in-line with MSCI EM (7.0%) but marginally underperforming vs. MSCI APxJ (7.8%).

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Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.