Expect a pullback in the near term

I believe that the correction seems to be overdone and investors can expect a pullback in the near term. For markets to bounce back to previous highs, a lot of positive news flows would be necessary over the next few months.


In this environment, I would continue to be moderate in our investment approach and would focus on defensive investing, higher cash positions as tools. I would step-up our research efforts on more in-depth analysis on funds so as to capitalize on this environment, which we believe will throw up company specific opportunities.
I like following Funds for Investment in this situation

·        BIRLA SUNLIFE TOP 100 FUND  & BIRLA SUNLIFE EQUITY FUND

·        ICICI PRUDENTIAL TOP 100 FUND & ICICI PRUDENTIAL DYNAMIC FUND

·        RELIANCE RSF –EQUITY & RELIANCE VISION FUND

·        L&T EQUITY FUND & L&T BUSINESS CYCLES FUND

·        FRANKLIN INDIA PRIMA FUND  AND FRANKLIN INDIA PRIMA PLUS

·        KOTAK 50 EQUITY

·        UTI MASTER SHARE

·        TATA PURE EQUITY FUND

·        DSP BLACKROCK EQUITY FUND

·        JP MORGAN INDIA EQUITY FUND

I believe that long-term structural bullishness of the Indian markets remains unchanged.

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