Indian equities started the year 2015 on a high note and rallied quickly towards the all time high levels in the first week of March 2015. However, selling pressure was witnessed from those euphoric levels due to concerns over the pace of interest rate hikes in the US and worries over Greece exiting the European Monetary Union. On the domestic front, lag in earnings momentum catching up with the market run up led to disappointment during the quarterly results. All these factors led to markets giving up the gains of the last six months, giving an opportunity for fresh investments to enter the Indian equity markets.
We retained eight out of ten stocks and replaced two stocks in our Wealth Maximizer 2015 due to expected under performance in the coming quarters.