CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 21-Jun-24 | 14-Jun-24 | Weekly Change |
| Nifty 50 | 23,501 | 23,466 | 0.15% |
| Nifty 500 | 22,236 | 22,214 | 0.10% |
| Nifty Midcap 50 | 15,624 | 15,524 | 0.64% |
| Nifty Smallcap 100 | 18,235 | 18,044 | 1.06% |
Chart Ki Baat
Source: Feenstra et al. (2015), Penn World Table (2021)
Here’s the list of curated readings for you this week:
Personal Finance
- The Index Mindset- Playing It Safe vs. Taking Risks: Index investing may not be for everybody. But it is quite suitable for those who want to grow their wealth with the economy and at the same time do not have adequate skills to outperform the same. Read here
- Embracing Quiet Compounding- A Philosophical Approach to Financial Success: The passage emphasizes “quiet compounding,” a philosophy that encourages personal financial independence, resilience, and long-term endurance, focusing on internal growth and consistent progress, rather than external benchmarks. Read here
- A Poetic Critique of Market Obsession by Mr. Vijay Kedia: The poem discusses the anxiety and pressure caused by constant investment updates, emphasizing the need to maintain balance and perspective, while also urging others to be mindful of their actions and maintain their natural pace. Watch
Investing
- Surge in Quant-Powered Trades Revives Smart-Beta ETFs: Investors are investing $48 billion in equity smart-beta ETFs, targeting market winners or diversifying across the equity landscape. These systematic funds, offered by BlackRock and Vanguard, are gaining traction in stable market conditions. Read here
- SEBI Allows Redemption for KYC ‘On Hold’ Status with Specific Conditions: SEBI permits redemption despite ‘On Hold’ KYC status, provided email ID validation and proof of identity or address is met, with mobile number validation mandatory. Read here
- Majority of Mid Cap and Small Cap Funds Underperform Benchmarks Over Three Years: ET Mutual Funds found 84% of mid and 68% of small cap funds underperformed their benchmarks over three years, advising cautious investment approach, reassessment of financial goals, and maintaining diversified portfolios. Read here
Economy
- India’s Economic Rise- A Global Powerhouse in the Making: India’s growth rate exceeded Q3 expectations due to a free market democracy, pro-growth government, and young, English-speaking population. The EPI ETF shows strong performance since 2020, indicating potential future growth. Read here
- RBI Governor Warns Against Risky Growth in Banking Sector: RBI Governor Shaktikanta Das emphasized the importance of balancing business growth with risk management, praising the RBI’s enhanced supervisory systems and proactive regulatory measures for long-term financial system resilience. Read here
- India’s Business Activity Surges in June, Highest Job Creation in 18 Years- HSBC PMI Report: India experienced significant business activity growth in June 2024, with manufacturing and services sectors expanding, job creation reaching its highest level in 18 years, and optimism remaining positive. Read 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.