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“Any fund manager would want the stability of capital or the AUM in this fund and that is how we even changed our name from Axis Tax Saver Fund to Axis Long Term Equity Fund. Fund manager likes to have AUM which is locked up for three years and it helps him to take a long term call on any company from a three to five year view. ”

The Dow Jones Industrial Average fell 211.16 points, or 0.63%, to 33,536.7, the S&P 500 lost 35.68 points, or 0.89%, to 3,957.25 and the Nasdaq Composite dropped 127.11 points, or 1.12%, to 11,196.22.

The Dow Jones Industrial Average fell 211.16 points, or 0.63%, to 33,536.7, the S&P 500 lost 35.68 points, or 0.89%, to 3,957.25 and the Nasdaq Composite dropped 127.11 points, or 1.12%, to 11,196.22.

The dollar index, which measures the currency against six counterparts including the yen, euro and sterling, edged 0.03% higher to 107.00 early in the Asian day. The index held onto gains made on Monday when it rebounded from a three-month low of 106.27 hit on Friday.

The dollar index, which measures the currency against six counterparts including the yen, euro and sterling, edged 0.03% higher to 107.00 early in the Asian day. The index held onto gains made on Monday when it rebounded from a three-month low of 106.27 hit on Friday.

This comes after the International Monetary Fund said on Sunday that the global economic outlook has become gloomier than projected last month, citing a steady worsening in purchasing manager surveys in recent months

This comes after the International Monetary Fund said on Sunday that the global economic outlook has become gloomier than projected last month, citing a steady worsening in purchasing manager surveys in recent months

The stock is in a strong uptrend as it bounced after forming a base around its 38.2% Fibonacci Retracement level of the prior up-move (Rs 2,205-2,515), which was placed at Rs 2,400.

The stock is in a strong uptrend as it bounced after forming a base around its 38.2% Fibonacci Retracement level of the prior up-move (Rs 2,205-2,515), which was placed at Rs 2,400.

Shares of Modis Navnirman will trade ex-bonus in the ratio of 3:1. Shares of Destiny Logistics will trade ex-rights for the rights issue of 1 share for every 1 share held offered at the rate of Rs 10. Rajesh Exports, Milton Industries, Nintec Systems and AVG Logistics are among the companies that will reveal their Q2 results today.