AUM of MFs spur to Rs 17 tln in Q3

The average assets under management (AAUM) of the mutual fund industry comprising 44 players grew by 26.4 per cent during the third quarter to Rs 16.93 trillion from Rs 13.41 trillion a year ago. The data show that a total AAUM of Rs 16.93 trillion during the third quarter, adding Rs 3.52 trillion over the year-ago period. In percentage terms, this is a 26.4 per cent growth, according to the data from the industry body Amfi. Significantly, amongst the top five mutual fund houses, HDFC Mutual Fund and Reliance Mutual Fund lost their market share to 13.10 per cent and 11.57, respectively in the reporting period from 13.32 per cent and 12.23 per cent respectively a year ago. The rest 29 fund houses collectively registered relatively slower growth at 19.4 per cent and also lost collective market share to 9.55 per cent in the reporting period from 10.18 per cent a year ago. As per the Amfi data, among the top 15 players, the growth was led by DSP BlackRock Mutual Fund clipping at over 53.25 per cent, making it the fastest growing MF in the reporting period, taking its AUM to Rs 58,357.11 crore. This also helped DSP BlackRock MF to move up the ranking to the nine-nth position, overtaking IDFC Mutual Fund which grew at just about 6 per cent. Commenting on the achievement, the company's executive vice president Aditi Kothari Desai said "both equity and fixed income teams have performed well for us." This was followed by Kotak Mutual Fund growing by 49.6 per cent, Axis Mutual Fund (42.9), SBI Mutual Fund (40.9), ICICI Prudential Mutual Fund (32.4), Birla Sun Life Mutual Fund (32.4) and HDFC Mutual Fund grew by 24.4 per cent. Interestingly, in March SBI MF had surpassed UTI MF to become the fifth largest player in terms of AUM. "The Q3 data of the industry shows that liquidity is there in the market and people find mutual fund as good investment," SBI MF executive director and chief marketing officer DP Singh told PTI. "We are looking at achieving an AUM of Rs 1.5 trillion from Rs 1.4 trillion at present by the fiscal-end," he added.

ASTRO TECHNICAL GUIDE FOR NIFTY

for 06, January 2017

First Half Bullish

Tithi ::Pushya Sukla Ashtami

Nakshatra ::Revathi

Persons   born in   Krittika,Uttara and UttaraPhlaguni constellations  and those born in Aries and Leo are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 10.00 AM;11.35 AM;12.05PM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady/ Better   and remain So upto about 12.30 PM and remain subdued from 12.30 till about 2.00 PM and could remain volatile with Bullish bias thereafter.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above   ATP/ Open by  9.30 AM . Long    Positions can be taken with Low Level as  SL, and such positions can be closed by about 12.20PM.  If Nifty Fut trades below    ATP by about 12.30 PM, Short   Positions can be taken with Suitable SL and such positions can be closed by about 2 PM. If after 2 PM, Nifty trades above ATP, Long Positions can be taken with suitable SL and such Positions can be closed by about end of the day.

Technical Levels...

Resistance : 8315, 8350 ; Support : 8235, 8200 

-------------------------

- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

-------------------------------

Disclaimer :  Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

ASTRO TECHNICAL GUIDE FOR NIFTY

for 05, January 2017

Subdued after Opening Session

Tithi ::Pushya Sukla Sapthami

Nakshatra ::Uttarabhadra  .  Persons   born in   Bharani, Pubba and Poorvashadha constellations  and those born in Aries, Leo are advised to be alert in their dealings.

Sensitive / Trend change Timings :10.25 AM;10.55 AM

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady/ Better   and remain Subdued from 10.30 till about close of the day.(particularly from 1 to 3PM)

Astro Technical Trading Strategy...

If Nifty Fut. Trades above   ATP/ Open by  9.20 AM . Long    Positions can be taken with Low Level as  SL, and such positions can be closed by about 10.20AM.  If Nifty Fut trades below    ATP by about 10.45 AM, Short   Positions can be taken with Suitable SL and such positions can be closed by about close of the day.

Technical Levels...

Resistance : 8230, 8265 Support : 8150, 8115

----------------------------------

- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

-------------------------------

Disclaimer :  Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

 

NOW IT IS THE TURN OF POUND

433 million coins in UK about to become worthless

British people are hoarding around 433 million pounds in the old style coins in piggy banks, car ashtrays and down the back of sofas and armchairs, experts say as the Treasury prepares to phase them out this year. The old coin has been a favourite of savers since it was introduced in 1983. But it is set to be replaced by the new 12-sided 1 pound coin in March and the round pound will cease to be legal tender by October 15. The Sun reports that the government estimates that 1.3 billion pounds worth of coins are stashed away around a third — or 433 million pounds — of which are pound coins. Yesterday the final design for the 12-sided coin was unveiled and ministers warned the old one would become worthless, it said. The new design is made of two metals, with a gold- coloured outer ring and a silver-coloured inner ring. It has a '£' symbol that changes to to the number '1' when the coin is seen from different angles and is thinner and lighter than the current coin. The currency change was announced in the 2014 Budget. Chief Secretary to the Treasury David Gauke said: "March 28 should be an important date in everybody's calendar this year – as we will have a new quid on the block. "This is a historic moment as it's the first time we've introduced a new 1 pound coin since 1983, and this one will be harder to counterfeit than ever before. "Our message is clear: if you have a round one pound coin sitting at home or in your wallet, you need to spend it or return it to your bank before October 15." After the introduction in March there will be a transition period when vending machines may only accept old coins. Helen Dickinson, CEO of the British Retail Consortium (BRC), said: "Through the British Retail Consortium, most major UK retailers have been engaged in discussions and planning with the Royal Mint and Her Majesty’s Treasury since the March 2014 announcement that a new pound coin would be introduced in 2017.

PAY ONLINE for LPG, GET Rs.5 DISCOUNT

After petrol and diesel, buying and paying for cooking gas (LPG) online will get consumers a discount of Rs 5 per cylinder.
State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will offer "an upfront discount of Rs 5 on every LPG refill to all LPG customers who will book and pay for it online," an official statement said here.
To provide cash-less transactions, the government had asked oil companies to pay consumers 0.75 per cent discount on cashless fuelling of petrol and diesel at petrol pumps.
This has now been extended to cooking gas (LPG).
"Customers can make payment through existing online modes i.e net banking, credit and debit cards at the time of web- booking their refills," the statement said.
On doing so, customers will get the discounted amount displayed on their screens. This net amount payable will be retail selling price minus incentive amount of Rs 5 per cylinder.
"The net discounted amount will also be shown on the cash memo accompanying the home-delivery of the LPG cylinder," it said.
A subsidised LPG cylinder of 14.2-kg currently costs Rs 434.71 in Delhi. A non-subsidised bottle of similar size, which consumer not having a subsidised connection buy, costs Rs 585. Even for the subsidised users, non-subsidised LPG cylinder is also they have to buy after exhausting their quota of 12 bottles at sub-market rates.
The oil firms offer a 0.75 per cent discount on the price of petrol and diesel to consumers paying by cards or mobile wallets to push people towards digital payments in the face of a severe cash crunch brought in by the demonetisation of Rs 500 and Rs 1,000 notes.
Such discount is credited to customer's account by way of 'cash back' within maximum three working days.
Petrol currently costs Rs 70.60 a litre in Delhi and the discount translates into 53 paisa. Similarly, on the price of Rs 57.82 for diesel, the discount comes to 43 paisa per litre.
Stating that the discounts are aimed to encourage consumers to increasingly shift to digital payment modes to achieve the objective of no-cash or less-cash based transactions, the statement said, "The incentive will encourage more and more LPG consumers to go for cashless mode transactions."

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 04, January 2017

Volatile Movements

Tithi ::Pushya Sukla Shashti

Nakshatra ::Poorvabhadra  

Persons   born in   Aswini, Makha and Moola constellations  and those born in Pisces, Cancer are advised to be alert in their dealings. 

Sensitive / Trend change Timings :11.15 AM;11.10 AM;12.05PM

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady/ Better   and remain Subdued from 10.30 to 12 PM and remain better thereafter  till about 1.30 PM and remain subdued thereafter till end of the day .  

Astro Technical Trading Strategy...

If Nifty Fut. Trades below   ATP/ Open by  10.30 AM . Short   Positions can be taken with suitable SL, and such positions can be closed by about 12.00 PM.  If Nifty Fut trades above   ATP by about 12.15 PM, Long  Positions can be taken with Suitable SL and such positions can be closed by about 1.30 PM . If Nifty fut trades below ATP  by about 1.45 PM , Short positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 8230, 8265 Support : 8155, 8120

-------------------------------

- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

-------------------------------

Disclaimer :  Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

ASTRO TECHNICAL GUIDE FOR NIFTY

 for 03, January 2017

Forenoon Better

 

Tithi ::Pushya Sukla Panchami

Nakshatra ::Sathabhisham

Persons   born in   Aslesha, Jyeshta and Revathi constellations  and those born in Pisces, Cancer are advised to be alert in their dealings.

Sensitive / Trend change Timings ::10.35 AM;11.10 AM;12.05PM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady   and remain Subdued till 10.35AM and remain better thereafter  till about 1.00 PM and remain subdued thereafter.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above  ATP/ Open by  10.45 AM . Long   Positions can be taken with suitable SL, and such positions can be closed by about 1.00 PM.  If Nifty Fut trades below  ATP by about 1.15 PM, Short  Positions can be taken with Suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 8225, 8260 Support : 8145, 8110

------------------------------

- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

-------------------------------

Disclaimer : Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

IPOs NEW CASH COWS

The primary market has emerged as the 'cash cow' for investors in 2016, amid high volatility in the secondary market, as 70 per cent of new entrants are trading well above their issue price, giving investors returns of up to two times. Out of 26 companies that came out with IPOs in 2016, 18 have registered smart gains, ranging 2-170 per cent against the price at which they had issued shares to investors and the rest eight firms have however failed to attract investors and are quoting below their issue price. These 18 companies have rewarded investors with returns in the range of 2-170 per cent, with three of them hitting it over 100 per cent till date, an analysis of the stock performance of the newly-listed firms showed. Infibeam Incorporation, which made its stock market debut in April, has seen the steepest rally in its share price and is trading 170 per cent higher than the IPO price. The public offers of Advanced Enzymes and Quess Corp have given smart returns to their investors, soaring about 122 per cent and 107 per cent, respectively. Besides, Mahanagar Gas, Bharat Wire Rope and Thyrocare Technologies have jumped 86 per cent, 66 per cent and 55 per cent, respectively, against the issue price. According to Samco Securities Chief Executive Jimeet Modi, the price band of the offers is the key driver in the success of issues in 2016. In stark contrast, eight companies -- Varun Beverages, ICICI Prudential Life Insurance Company, L&T Technology Services, L&T Infotech, Quickheal Technologies, Precision Camshafts, HPL Electric and Power and GNA Axles -- have failed to stay afloat. HPL Electric and Power, which listed in October this year, has seen its shares plummet by 52 per cent. Quickheal Technologies, which made its debut in February this year, has seen its shares fall by 22 per cent. The BSE's benchmark Sensex, which has seen a highly volatile trend, gained 1.95 per cent at 26,626.46 points this year. In 2016, 26 companies have collectively raised over Rs 26,000 crore through their respective IPOs, making it the best one for public offers since 2010. "IPO market has seen some good action. Some of the key drivers that gave this boost to IPOs can be attributed to the business-friendly government, rising middle class income and a regulated capital market," ICICI Securities Head Equity Capital Market Pranjal Srivastava said. "Further, the introduction of concept of foreign portfolio investors (FPIs) also boosted the foreign investor sentiment and helped tap foreign markets. Nevertheless, the performance of the Indian capital market in spite of some macro global economic events that distracted attention of FPIs can also be given credit for the rise in activity," he added.

INDIA TRUMPED BRITIAN IN 2016

It is no mean achievement when Indian economy flexed its muscles in 2016 and briefly nosed ahead of Britain -- its once colonial master. But the honour was fleeting as India quickly fell back to the sixth-largest position, with considerable headwinds from demonetisation and delay in GST rollout queering the pitch.
At the start of 2016, everything looked hunky-dory as the country took pride in being the world's fastest-growing major economy, but the momentum seemed to have petered out by the end of the year as spending took a hit and industrial activity faltered with the junking of 86 per cent of currency in circulation, leading to an across-the-board downgrade in growth projections.
The first half saw India being called the bright spot – and rightly so -- in a world searching for growth engine. The government moved in to reconfigure its economic architecture through new institutional mechanisms – like the one to tackle monetary policy. But Brexit, protectionist signal from Donald Trump fresh from the surprise US presidential election win, the Syrian turmoil and an uptick in oil prices partly reversed some of the gains and capped 2016 as a tumultuous year. The economic agenda for 2017 remain clear. Finance Minister Arun Jaitley needs to impart a big push to the economic activity in the budget – coming up in a month -- through not just raising spending on socio-economic infrastructure but dealing with the fallout of the cash recall exercise. The need of the hour is a 'feel-good’ budget that will give people something to look forward to while taking the reforms agenda to the logical conclusion, including a schedule for the landmark GST launch that can be honoured. Once expected to overtake the UK GDP in 2020, the moment arrived early enough in mid-December on the back of a near 20 per cent drop in the value of the pound after the shock Brexit vote. This squeezed UK's 2016 GDP to 1.87 trillion pound (USD 2.29 trillion) as against India’s USD 2.3 trillion (Rs 153 lakh crore). But the change of fortunes came when forex rates realigned and the UK economy stood at USD 2.3 trillion compared with USD 2.25 trillion of Indian economy as the year drew to a close. The jury is still out as India is expected to bridge the gap in the new year even if it were to grow at a lower pace of 7 per cent and UK’s growth is projected at no more than 2 per cent through 2020.

Although economists are wary of comparing the relative size of economies using the volatile market exchange rates and prefer purchasing power parity instead, which adjusts the differences in local purchasing power, India's fifth spot behind the US, China, Japan and Germany speaks volumes. The single-biggest spoiler was the cash ban, which has triggered fears of a blow to consumption, particularly in rural areas, with the dominant services sector being the worst hit. Also, industrial output and investment may feel the pinch which coupled with job losses and a drop in demand could add to the disruption. Demonetisation also acted as a speed breaker in the planned take-off of the Goods and Services Tax, the biggest piece of reform since Independence, from April 1. States that saw their revenues being affected by demonetisation have stalled a consensus on supplementary legislations, and the April 1 schedule looks a tall order now. But to give credit where it is due -- Prime Minister Narendra Modi and Finance Minister Jaitley -- there was never a moment that saw commitment to reforms slipping. After cleaning up the economic mess left by the previous UPA government, the Modi government has bitten the bullet and started carrying out tough structural and deeper reforms.
Despite this, private investments are still hard to come by in a big way and loans to corporate remained subdued throughout the year.
Gross domestic product, by some estimates, has slowed to 6.5 per cent in the third quarter, from 7.3 per cent in July-September.
The government is confident that these are only short-term blips, and in the long run, India is well poised to hop on to the higher growth trajectory.
While the economy grew by 7.2 per cent in the first half of the current fiscal, the Reserve Bank of India (RBI) downgraded projections for 2016-17 to 7.1 per cent, from the previous 7.6 per cent. Fitch too lowered it to 6.9 per cent from 7.4 per cent while S&P had slashed its projections of 7.9 per cent to 6.9 per cent even before the November 8 demonetisation announcement.

While inflation was in check and trade and capital flows remained largely unaffected, exports - often seen as the engine for growth - have been tepid. Public investment has been robust, but private investment is yet to pick up. Industrial activity has been weakened by demonetisation, which has taken a toll on consumption demand, the mainstay of the economy. From the biggest change in RBI's eight-decade history by adopting an inflation-targeting framework and moving to a collective interest-rate decision making to overhauling of the century-old bankruptcy law to concerted efforts to make India a 'one nation and one market' through GST, the transformation has been complete that laid the pitch for long-term structural benefits. The new bankruptcy code will allow quick closure of businesses gone bad and prevent build-up of NPAs, which are already are at a 16-year high of 12 per cent. As the reforms momentum picked up, India overtook the UK economy in absolute terms in mid-December though it is still less than one-fifth of the UK in per capita terms. Though the glory was short-lived, it did highlight India's arrival on the global stage as an economic powerhouse that one can afford to ignore at its own peril. More importantly, it has been able to shed any residual notion of colonial inferiority. This is reflected in getting tax havens like Mauritius, Cyprus and now Singapore to redraw tax avoidance treaties with India, which is also negotiating a trade deal with the UK, post Brexit. The way government handles the after-effect of demonetisation and the all-crucial Budget will now shape the narrative for the economy in 2017.

 

Weekly Range very Crucial for the entire Month

Nifty Outlook for Next Week :: (02.01.2017 to 06.01.2017) …  

NIFTY :: 8186  ( + 200)

Nifty traded in  a  wide  range of 8195 to 7894  during last week and closed at the Upper end for the week at 8186 with a Gain of 200 Points,  a gain  of  about 2.5%. Market was in Positive zone through out the week.

Market would move between Aquarius and Pisces between Monday and Friday and the range of this week would be crucial for the next Three weeks and when the High is Crossed, it would be Bullish and the Low is breached, it would become Bearish.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8111, 8247, 8474 and 8249 respectively and would act as  Supports  and Resistances as Nifty is trading  below most of  the Moving Averages .

- Nifty continues to trade below the 200 DMA and and also trading below 50 DMA and  50 DMA has  come below 200 DMA (Death  Cross has come towards last week end) suggesting that the Long term outlook has become Bearish.

Technical Levels ::

Bullish above 8260 with Resistance at 8335, 8410, 8485.

Bearish below 8110 with Supports at 8035, 7960,7885.

Breakout level : 8400 Breakdown level : 8000

---------------------------------

Planetary Position...

- Moon would be transiting  from  Dhanishta 3 rd Pada in Aquarius    to Revathi 4 th Pada in Pisces

- Sun transits from  Poorvashadha 2 nd Pada  to Poorvashadha 3 rd Pada in Sagittarius.

- Mercury  transits from Moola 3 rd Pada to Moola 2 nd Pada(in Retrograde Position ) in Sagittarius .

- Venus transits from  Dhanishta 4 th  Pada in Aquarius  to Sathabhisham 1 st  Pada in Aquarius.

- Mars transits in   Sathabhisham 3 rd  Pada to Sathabhisham 4 th   Pada in Aquarius .

- Saturn   transits in  Jyeshta 4 th   Pada in Scropio sign and in Pisces Navamsa

- Jupiter   transits in     Chitta 2 nd  Pada in Virgo and in Virgo   Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Virgo  and Pisces  Navamsas,

---------------------

Forenoon Subdued (for Monday)

Tithi ::Pushya Sukla Chaturdhi

Nakshatra ::Dhanishta

Persons born in Pushyami, Anuradha, Uttarabhadra  constellations  and those born in Pisces, Cancer are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.40AM;1.30PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain Subdued from  10.00AM till about 1.00 PM and remain better till about 2.45 PM.

Astro Technical Trading Strategy...

If Nifty Fut. Trades below ATP/ Open by  10 AM . Short  Positions can be taken with suitable SL, and such positions can be closed by about 12.45 PM.  If Nifty Fut trades above ATP by about 1.15 PM, Long Positions can be taken with Suitable SL and such positions can be closed by about 2.45 PM.

Technical Levels...

Resistance : 8225, 8260 Support : 8145, 8110