CNX IT INDEX

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NSE CNX IT Sector Index Information Technology (IT) industry has played a major role in the Indian economy during the last few years. A number of large, profitable Indian companies today belong to the IT sector and a great deal of investment interest is now focused on the IT sector. In order to have a good benchmark of the Indian IT sector, IISL developed the CNX IT sector index.
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 Companies in this index are those that have more than 50% of their turnover from IT related activities like software development, hardware manufacture, vending, support and maintenance. The index is a market capitalisation weighted index with its base period being December 1995 and the base date and base value being January 1, 1996 and 1,000 respectively.

 NSE CNX IT Sector Index CNX IT Index is an index comprised of the most liquid and large capitalization IT stocks, traded on the NSE, engaged in the business of software or hardware. CNX IT provides investors and market intermediaries with an appropriate benchmark that captures the performance of the IT segment of the market.

 The index is a market capitalization weighted index with base date being 1st January 1996 and base index value being 1000. Companies selected in the index have to be IT stocks which should rank high in terms of market value represented by their market capitalization and liquidity.

 Method of Computation The CNX IT Index is calculated using the market capitalisation weighted aggregate method.

Selection Criteria Market Capitalisation The influence of each company on the index is directly proportional to its

About Kotak Global Emerging Market Fund

Kotak Global Emerging Markets Scheme is an open ended equity scheme with an investment objective of providing long term capital appreciation by investing in an overseas mutual fund scheme that invests in a diversified portfolio of securities as prescribed by SEBI from time to time in global emerging markets. The scheme is suitable for long term investors with a higher risk appetite and who wish to supplement existing holdings with exposure to investment opportunities in globally emerging economies. The NAV of this fund on the date of inception is 9.228 and on 21st August,2012 it is 10.924. So, the growth is 18.37%.

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INDICATORS OF MUTUAL FUND GROWTH

The long term outlook continues to remain positive for Indian equities as the economic growth momentum remains healthy. Finance Minister P Chidambaram on 6th August said that the ministry will come out with a number of measures to attract more people to invest in mutual funds and insurance products as both the mutual fund industry and the insurance sector have turned sluggish. The key to restart the growth engine is to attract more investment, both from domestic investors and foreign investors. Mutual Fund honchos, SEBI, AMFI and FIFA had a series of meeting with the finance ministry last month to give their recommendation to bolster the MF industry.
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Cont
The suggestions were to give pension benefits to mutual fund schemes, allowing AMCs to charge service tax from investors, additional tax benefits for investments in mutual funds. Now the Indian mutual funds industry is witnessing a rapid growth on the back of infrastructural development, increase in personal financial assets, and rise in foreign participation. The growing risk appetite, rising income, and increasing awareness, mutual funds in India are becoming a preferred investment option compared to other investment vehicles, like Fixed Deposits (FDs) and postal savings
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PERFORMANCE OF CNX IT INDEX

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CNX IT HISTORIC DATA

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INDICATORS OF CNX IT INDEX GROWTH

According to NASSCOM, India can reach $ 130 Billion in IT revenue by 2015, with CAGR of 14%. With this, it would be contributing to 7% of annual GDP and creating 14.3 million employment opportunities. Rupee has depreciated against US dollar making exports cheaper. Export growth and higher margins do correlate strongly in the long-term with a weaker currency. Right now, most developed economies are not increasing IT spends. As and when they do, Indian firms will remain among the most competitive and hence, see the quickest growth. Stock Info: Infosys has arrested the downtrend. HCL Tech is continuously shown a strength this week while TCS is now very close to levels of 1285-1290, and if this level is breached on the upside that would propel the stock into news highs. So may be IT could gain strength . 1/2/2013 12

Thank You

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