CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 3-Feb-23 | 27-Jan-23 | Change (%) |
| Nifty 50 | 17,854 | 17,604 | 1.42 |
| Nifty 500 | 14,962 | 14,874 | 0.59 |
| Nifty Midcap 50 | 8,604 | 8,463 | 1.67 |
| Nifty Smallcap 100 | 9,415 | 9,242 | 1.87 |
Bazaar Ki Baat
In this month’s edition of “Bazaar ki baat”, our Founders discussed in brief about the various topics related to Market, Sectors, Budget impact on Sectors and Personal Finance and New Tax Regime vs Old Tax Regime. Watch here
Gyaan of the week
Equity-linked savings scheme
Equity-linked savings scheme (ELSS) is a kind of mutual fund that offers tax deduction of up to INR 1.5 lacs a year under Section 80C provision. It has a lock-in period of 3 years, which is the shortest among other tax saving instruments and there are no provisions to make a premature exit.
One can invest any amount in ELSS, there is no upper capping, while the minimum investable amount varies across different fund houses.
Investing in ELSS funds gives you dual benefits of tax deductions and wealth creation. The portfolio of an ELSS fund mostly consists of equities, while they have some exposure towards fixed-income securities as well.
Here’s the list of curated readings for you this week:
Personal Finance
- Tax exemption removed in insurance policies with premium over Rs 5 lakh– The proposal intends to limit income tax exemption from proceeds of insurance policies with very high value Read here.
- What is Mahila Samman Savings Certificate – It’s a one-time small saving scheme for women, providing an assured return of 7.5 per cent annum. Read here.
- Capital gains cap at Rs 10 crore to hit luxury home sales – Up until now there was no such limit and typically, HNI will utilize this avenue to reduce capital gains tax liability Read here.
Investing
- MCX – Largest Commodity derivative exchange – The 4th edition of our Stocks ki Baat series talks about India’s largest commodity derivatives exchange. The exchange has been gaining market share over the years despite some challenges. Read here
- Adani bonds hit distress levels, FPO withdrawn amid pressure over Hindenburg report– The aftermath of Adani-Hindenburg Saga continues Read here
- Hindenburg bet against India’s Adani puzzles rival U.S. short sellers– Some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Read here
- A shocker for the bond markets: Withholding tax to apply on listed bonds, without grandfathering – Budget changes hit the nascent corporate bond market Read here.
Economy
- India sticks to the fiscal deficit glidepath. – The government’s budget gap, which hit a high of 9.5% of GDP in 2020/21 as the spread of COVID-19 infections brought the economy to a halt, has narrowed since Read here.
- Railways get a highest ever outlay : After the push on highways for the last few years, the government is focussing on railways. Read here.
- Fed slows rate hikes even as Powell says There’s more work to do – “We think we’ve covered a lot of ground,” Powell told reporters after the meeting. “Even so, we have more work to do.” Read here.
- India defence budget disappoints – The total Indian defence budget, estimated at about 2% of GDP, is still lower than China’s 1.45 trillion yuan ($230 billion) in allocations for 2022, which New Delhi sees as posing a threat to neighbours including India and Japan.. Read here.
CAGR Speak
- Two big tax loop-holes plugged in budget. Read the linkedin post here.
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That’s it from our side. Have a great weekend ahead!
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The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.