CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 28-Jul-23 | 21-Jul-23 | Change |
| Nifty 50 | 19,636 | 19,745 | -0.55% |
| Nifty 500 | 16,941 | 16,904 | 0.22% |
| Nifty Midcap 50 | 10,686 | 10,447 | 2.29% |
| Nifty Smallcap 100 | 11,595 | 11,530 | 0.57% |
Chart Ki Baat
ITC demerger of hotel business
Gyaan Ki Baat
New Fund Offer – NFO
A “New Fund Offer” (NFO) is the term used when a mutual fund scheme is initially made available for investment. In order for the fund manager of that mutual fund scheme to construct a portfolio based on the investment goals of the scheme, NFO must amass a sufficient quantity of initial corpus. The fund has no historical return data, which is one of the biggest risks of investing in an NFO. The mutual fund house experience and performance needs to be reviewed while making this decision.
Here’s the list of curated readings for you this week:
Personal Finance
- Explicit Fee disclosures in rupee terms may be the way forward for Mutual funds – A recent study that may have important policy implications for the much-discussed MF expense (TER) regulations in India and even globally. Read here.
- How is the Top 1% households in US invest their money?– The top 1% also has a higher share in things like cash, bonds, and private businesses. But you can see that most of their wealth is invested in the stock market, while housing is by far the biggest asset for those in the bottom 90% . Read here
- Towering Tech – US Tech’s current adjusted HHI level of 9.6 is in the 99th percentile of observations, indicating an extreme level of concentration for the sector compared to the long-term average of 4.9. When concentration has been relatively high in the past, it has subsequently tended to decline. Read here.
- NRI Series 7 – NRI Mutual fund Taxation: Things to Know – Mutual funds are a preferred choice of #investment not just for Indians but also NRIs. But a lot of NRIs worry about the tax implications of their investments. Watch here.
- Global fintech funding nearly halves to $23B in H1 2023 – Venture capital funding of fintech startups has plunged globally by 49% year over year to $23 billion in the first half of 2023 amid an economic downturn.. Read here.
- India’s Jio Financial Services, BlackRock to launch asset management venture – The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday. Read here.
- PPFAS CIO Rajeev Thakkar talks about his investment style – Management quality, promoter quality, low leverage, and good business characteristics. Read here
- Attrition Rates: Foot Soldiers Of Private Indian Banks Hopping Posts More Frequently – aggressive sales targets, limited immediate growth potential, workplace behaviour and long work hours are some of the reasons. Read here
- ITC demerger and the rationale behind it – Hotels contributed only 2% of ITC EBIT in FY23ITC is yet to declare the share swap ratio for the hotels subsidiary and has also not declared why it chose to keep 40% stake in it. Read here
- Vedanta’s dividend payouts to parent concern lenders – Banks have turned cautious on their exposures to Vedanta Ltd, worried that sizeable dividend payouts to ease the parent’s debt burden might stress the balance sheet of the domestic entity to which they have loaned money, said two bankers close to the matter. Read here.
Economy
- Fed lifts rates, Powell leaves door open to another hike in September – Powell made no promises either way, with a September meeting eight weeks from now considered “live” for another rate increase, though a continued slowing of inflation and weaker economic data may also prompt policymakers to pause. Read here.
- The slow pace of 2-wheeler market recovery – 2-wheelers have still not been able to recover to the pre-covid levels. Most of the other indications in ICRA business activity monitor are much above the pre-covid levels.. Read here.
- FM to launch two important initiatives for corp bond market : Finance Minister Nirmala Sitharaman will launch the backstop fund for corporate bond market and Limited Purpose Clearing Corp for repo transactions in corporate bonds in Mumbai on Friday. 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!
If you have any feedback that you would like to share, simply reply to this email.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.