Equity Market Review

The Nifty50 declined by 4.8% in June 2022 on the back of a sharp global market correction, inflation worries, falling rupee and continued FII selling. BSE Midcap Index and BSE Small cap Index continued to underperform the Nifty and declined sharply by 6.2%/6.0%, respectively.

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Debt Market Review

The Federal Open Market Committee (FOMC) in its July meeting hiked policy rates by 75 bps, taking the federal funds rate to 1.50%-1.75%. The pace of Quantitative Tightening remained unchanged. The dot plot indicated that the federal funds rate will move to 3.4% by December 2022 and 3.8% by December 2023 before moving lower to 3.4% by December 2024.

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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.