Product Updates

*RBI MONETARY COMMITTEE MEETING SCHEDULE FOR FY-201718* First Bi-monthly Monetary Policy Statement for 2017-18: April 5 and 6, 2017  Second Bi-monthly Monetary Policy Statement for 2017-18: June 6 and 7, 2017 Third Bi-monthly Monetary Policy Statement for 2017-18: August 1 and 2, 2017 Fourth Bi-monthly Monetary Policy Statement for 2017-18: October 3 and 4, 2017 Fifth Bi-monthly Monetary Policy Statement for 2017-18: December 5 and 6, 2017 Sixth Bi-monthly Monetary Policy Statement for 2017-18: February 6 and 7, 2018

Think of Equity as your 3rd Child ? Most families have two children. We spend a lot of money over a 25 year period in educating our children, providing for all their needs, marrying them off - in short, getting them well settled in life. I tell my clients to think of equity as their 3rd child. Put in the same amount each year into an equity fund that you spend on one child. Do that for the same 25 years. After 25 years, whether your real children look after you or not, this 3rd child will look after you very well for the rest of your life.

🇺🇸 *US FED* policy meet : ✓ *raises key rate by 0.25%* to new range of 0.75-1%, decision reflects eco progress. ✓ *third rate hike* since Dec'15 ✓ *Forecast of 2 more hikes in 2017*(total 3), *3 hikes in 2018* & 3.5 hikes in 2019 ✓ Near term *risks to eco roughly balanced* ✓ *Eco will warrant gradual rate hikes* ✓ Expect *eco activity to expand at moderate pace* with accommodative policy support. ✓ changes in fiscal policy could change eco outlook. ✓ *inflation moving close to Fed's tgt of 2%* in med term ✓ *Growth forecast largely unchanged  for 2017&19* & raised fr 2018 ✓ *Labor mkt cont to strengthen* with *unemployment rate expected to be 4.5%* ovr next 3yrs. ✓ waiting too long to raise rates could mean rapid future hikes. *Mkts* @ time of FED conf: • *US dollar & treasury yields fall* ; *stocks rise* along *with Gold* as policy in line with mkt exp. *US 10yr 2.53(-8bps)* *USD Index 101*