CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 25-Aug-23 | 18-Aug-23 | Change |
| Nifty 50 | 19,266 | 19,310 | -0.23% |
| Nifty 500 | 16,821 | 16,758 | 0.38% |
| Nifty Midcap 50 | 11,022 | 10,824 | 1.82% |
| Nifty Smallcap 100 | 11,869 | 11,683 | 1.59% |
Chart Ki Baat
An Indian spacecraft became the first to land on the rugged, unexplored south pole of the moon
Gyaan Ki Baat
When an investor sells units of an equity fund in the stock exchange or offers them for repurchase to the fund, he will have to incur Securities Transaction Tax (STT) i.e., STT is applicable only on redemption/switch to other schemes/sale of units of equity oriented mutual funds whether sold on stock exchange or otherwise. STT is not applicable on purchase of units of an equity scheme. It is also not applicable to transactions in debt securities or debt mutual fund schemes. The applicable rate of STT is 0.001%.
Here’s the list of curated readings for you this week:
Personal Finance
- Intelligent vs Smart – If you’re merely intelligent, you might focus all of your effort on finding precise truth. If you’re smart, you’ll focus just as much effort on delivering an effective message around that truth, realizing that the most powerful truth does no good if you can’t get people to pay attention to it. Read here
- India’s Rising Prosperity – Prime Minister writes on LinkedIn analysing the ITR data. Read here
- Mutual Funds investor might have to pay extra for direct plans after SEBI’s this decision- Direct plan expenses should be defined by actual expenses incurred, and not by how much brokerage is paid in regular plans. Read here.
- Small Savings Collection Boost Could Reduce Government Borrowings This Fiscal – Top contributors to government’s savings have been the Senior Citizen Savings Scheme and the newly launched Mahila Samman Patra. Read here.
- What is momentum and why does it persists? – For a momentum factor practitioner like us, Mr Wesley Gray of Alpha Architect is one of the must-reads for understanding the academic roots of factor investing from a practitioner standpoint and even more importantly in debunking the myths which surround momentum investing. Read here.
- Q1 Results Review: Earnings growth continues even as revenue slows; margins rescue – The performance of India Inc. in the June quarter was highlighted by strong net profit growth with tepid rise in topline. Easing input costs supported margin expansion for most sectors during Q1FY24. Read here
- SEBI Unravels How Brightcom Group Cooked Its Books – The Securities and Exchange Board of India’s interim order barred Chief Executive Officer Suresh Kumar Reddy and Chief Financial Officer Narayana Raju from company boards. The regulator also restrained 22 other entities, including investor Shankar Sharma, from disposing of the company’s shares. Read here
- India inflation to return to comfort band once veg price shock ebbs – MPC’s Goyal- The spike in prices of items like tomatoes has been “unprecedented” but normally there is a seasonal softening in vegetables after a shock (price spike), said Ashima Goyal, an external member of the Reserve Bank of India (RBI) committee, in an interview with Reuters late on Thursday. Read here.
- Startups Riding Digital Infrastructure Could Transform Indian Economy- India emerged as the fourth-most popular destination for startups in the world in 2022, attracting 4.2% of global venture capital, behind the US (41%), mainland China (18%) and the UK (6%), according to S&P Global Market Intelligence. Read here.
- The rise of Municipal bonds in India – 4 cities in UP are getting ready to launch something called municipal bonds. Kanpur, Prayagraj, Agra, and Varanasi want around ₹500 crores from the public. They want to improve their water supply facilities.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.