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     Kotak Select Focus Fund - Regular Plan (G) Five Year Performance Investment Amount `1000/- month (SIP) 2011 2012 Month Nav Unit Month Nav Unit Jan Jan 10.48 95.45 Feb Feb 11.47 87.15 Mar Mar 11.02 90.74 Apr Apr 11.28 88.65 May May 10.44 95.80 Jun Jun 10.93 91.48 Jul 11.83 84.55 Jul 11.22 89.16 Aug 11.07 90.30 Aug 11.63 85.98 Sep 10.65 93.94 Sep 12.02 83.19 Oct 10.76 92.90 Oct 12.34 81.02 Nov 10.15 98.57 Nov 12.36 80.92 Dec 10.15 98.56 Dec 13.10 76.31 Total A 558.83 Total B 1045.87 2013 2014 ...

Monsoon Update   Monsoon progressed well during the week, with cumulative rainfall now 1% surplus of normal as compared to 25% deficit in the mid of June. Monsoon has now covered all major agricultural states. However, sowing is down 22% YoY, which is understandable given that Kharif season has been delayed by around 15 days. There has been a sharp drop in Cotton and Oilseeds sowing, as certain state governments including Maharashtra advised farmers against sowing Cotton till monsoon sets in. The focus would now be on the progress of monsoon through July-August (around 60% of total South West monsoon), as rainfall was above-normal in June last monsoon also (CY15) but dwindled as the season progressed. However, both IMD and Skymet have forecast above-normal rains in July and August this monsoon. 

The credit policy of June '16 was along expected lines with RBI staying on hold until further clarity emerges on monsoon and its impact on food prices. RBI has reaffirmed that the stance of monetary policy will remain accommodative. The expectations of strong monsoon, low MSP hikes for kharif crops of 2016-17, continued reforms by the government and higher public capital expenditure to augment supply side capacity forms the basis for our positive view on inflation going forward. Additionally, continuing fiscal consolidation, and low current account deficit are also supportive of lower yields. Source for various data points: RBI Website, Bloomberg and Reuters.

Pay hikes to boost retail loan growth by   17-20%:   SBI  VG Kannan, Managing Director, SBI 30 th   June 2016;   CNBC-TV18 ·            Discussing the stressed asset situation, Kannan told   CNBC-TV18  that the worst is probably over. However, it does not mean that all bad news is done for. With monsoon playing well and implementation of 7th Pay Commission, growth trajectory is coming back in the economy, he says. Pay hikes will boost retail consumption and housing sector both. Kannan expects SBI's retail growth to be in the range of   17-20   percent on back of pay hikes. While there is also a possibility of a jump in inflation, it will not be substantial. ·            SBI has always been raising this foreign country funds overseas at regular intervals. We are raising from half a billion to USD 1.5 billion over the last so...

Reforms focus, corporate topline will keep India growth story intact Sonjoy Chatterjee, Goldman Sachs 30h Jun 2016 |Source: Economic Times On reforms : In the corporate sector, it's visible through the winners, who are the survivors, versus those who are struggling to make the cut in this revised business paradigm shift. It is unfolding as we speak and a great deal more will take place in the next few years. The shift is visible across the whole spectrum of financial sector reform, such as the bankruptcy law and the push by the RBI governor to tackle the bad loan issue head on--basically the decision to call a spade a spade. These reforms are linked to the same overall governance shift that is being driven by the Prime Minister and the finance minister. This period of change will no doubt be marked by some amount of challenge, any transition always is... but in the end, the banks will ride this through and our financial and corporate sectors will c...

BUY DISHMAN @ 139.50-140 SL: BELOW 135 TGTS: 147.50-148 TF: 4-5 DAYS. BUY ZEEL @ 447.50-448; SL: 442;  TGT : 455. Buy cash Hexaware @ 225.5, Trg 230 SL 221.9  and Equtas Holding Disclaimer: trade with own risk

Cabinet to consider mineral exploration policy  Asian markets are trading higher tracking cues from Wall Street overnight. Indian indices are expected to open higher and focus will be on global cues for further direction.  The U.S. markets ended higher amid gains in oil prices and as stocks recovered post a selloff seen in the past few sessions, while data showing that U S economy grew at 1.1% annualized in the first quarter ( as compared to 0.8% last month) boosted investor sentiments . The Dow Jones gained 269 points or 1.57% to close at 17,410 while NASDAQ gained 97 points or 2.12% to close at 4,692.  Nikkei is trading higher by 1.25% while Hang Seng is trading higher by 0.87%. Sgx Nifty is trading higher by 0.28%. Source : AxisDirect