Blog_banner.jpg

The week ended with downfall in COVID Cases and Upside in Equity Market

Updated: May 22, 2021


7 Days average of COVID cases - India ( as on 20th May 2021)


Today, on 21st May 2021 (Friday) , Equity market shown a nice recovery due to COVID falling cases The number of infections and deaths are slowing down. Consumer sentiment is rising, and hopes of an economic recovery are soaring.




On Friday, Nifty 50 and the BSE Sensex 30 rallied 1.81% and 1.97% respectively. It was banks and financials all the way as top five stocks on Nifty were all banks : State Bank Of India , HDFC Bank Ltd , IndusInd Bank Ltd , ICICI Bank Ltd and AXIS Bank Ltd that gained 5.06%, 4.78%, 3.99%, 3.91% and 3.72% respectively.



Why Banks and financials gained so much , this Friday ?

The number of COVID cases going down means the unlock theme will start off in full swing. As the economy recovers, the biggest beneficiaries are going to be banks and financial stocks. Hence Nifty Bank gained 3.82% on the back of strong buying in the sector. Analysts believe that reported that the large banks have a potential upside of 15-40% from here and the smaller banks are around 30% lower than their 52-week highs. So there is a huge scope in banking stocks.


As a Mutual Fund Distributor , we hereby have provided the full list of Banking based Schemes which can be selected by investors through SIP ( Systematic Investment Plan) or STP ( Systematic Transfer Plan) or Lumpsum :


All Banking Mutual Fund Schemes in the Mutual Fund Industry ( Sorted on the basis of 3 Yrs Returns) :

Please note that all the above schemes are categorised under 'Very High Risk ' products as per SEBI's RISKO Meter Chart. Investor's are advised to check scheme specific and other Risk factors associated with these schemes, which are sectoral in nature.


You can give your order to buy any of the above schemes, by directly calling us or can use our mobile app 'fundconnect' to invest online


 

Disclaimer


Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme. While all efforts have been taken to make this blog as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in our blog page

109 views0 comments