CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 11-Aug-23 | 4-Aug-23 | Change |
| Nifty 50 | 19,428 | 19,510 | -0.42% |
| Nifty 500 | 16,860 | 16,882 | -0.13% |
| Nifty Midcap 50 | 10,822 | 10,735 | 0.81% |
| Nifty Smallcap 100 | 11,748 | 11,691 | 0.49% |
Chart Ki Baat
Changing Landscape of Automobile Sector in India
Bazaar Ki Baat
In the 10th edition of “Bazaar ki baat”, our team discussed what moved the market in July, sectoral performance, Why fund size matters in smallcap investing, and why Inflation is called the invisible tax.
Here’s the list of curated readings for you this week:
Personal Finance
- RBI to enable borrowers to reset home loan rates whenever they want – RBI Governor Shaktikanta Das revealed that the central bank will soon introduce a framework allowing borrowers to transition from floating interest rates to fixed interest rates. Read here.
- SEBI backtracks on regulating Finfluencers . – SEBI has clarified that finfluencers do not come under SEBI Investment Adviser regulations. Read here.
- Low cost is the major driving factor behind passive funds popularity: Survey – 61% of investors say they have invested in at least 1 passive fund, underscoring the fast-growing adoption of passive funds in India. Read here
- Having a corpus as a goal – does it help? – For individuals who do not have defined goals, targeting a wealth number helps. Read here.
- Services sector and personal loans continue to see credit demand – Gross bank credit offtake witnessed an accelerated rise of 16.2% year-on-year (y-o-y) in June 2023. The growth was driven by services, personal and agriculture loans. Read here
- Bigger and Greener : India automobile sector – India’s light-vehicle market has grown from “small is beautiful” to favoring larger models. Read here.
- Indian equities have witnessed the most significant earnings growth as compared to other major economies – India’s earnings growth continues to support the market. Read here
- Automobile sector in India seems to be at an inflection point – Growth in India’s per capita GDP has so much widespread implications across sectors. A country’s per capita GDP and Passenger Vehicle sales have a strong positive correlation. Read here.
- India equity valuations has seen an uptick post recent rally. – The difference between India 10Y bond yield and earnings yield rises above long-term average, reducing the attractiveness of equity as compared to bonds. See here
- Uday Kotak is wanting for the market’s support – The stock has underperformed the benchmark Nifty Bank Index by nine percentage points since an April vote where 99% of shareholders supported Kotak continuing as a non-executive director. Read here
- What FIIs bought and sold in July? – The FPI Assets in India at $647 billion is getting tantalizingly close to the previous peak of $667 billion touched in October 2021. Read here.
Economy
- RBI pauses with a hawkish tone – The Reserve Bank of India held its key lending rate steady on Thursday as expected but moved to reduce the amount of cash in banking system as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks. Read here.
- India merchandise exports in free fall – The headwinds of slowing global growth are beginning to buffet India’s trade on all sides. Read here.
- India’s Demographic dividend: key to unlock its global ambition – The sheer size of India’s workforce is a major competitive advantage as the country tries to become a global design and manufacturing hub. Read here.
- The exclusive network behind India’s global tech success: The IITs themselves have embraced their startup-spawning potential — there are currently 4,459 Indian startups that have at least one IIT-educated founder, according to Tracxn. Many of the schools run campus programs to foster entrepreneurship. Read here.
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Check out CAGRwealth smallcase portfolios 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.