CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 4-Aug-23 | 28-Jul-23 | Change |
| Nifty 50 | 19,510 | 19,636 | -0.65% |
| Nifty 500 | 16,882 | 16,941 | -0.35% |
| Nifty Midcap 50 | 10,735 | 10,686 | 0.46% |
| Nifty Smallcap 100 | 11,691 | 11,595 | 0.83% |
Chart Ki Baat
Gyaan Ki Baat
Corporate Debt Market Development Fund (CDMDF) – Looking at the liquidity crisis in 2008 and the recent Franklin Templeton case, CDMDF was introduced in Union Budget 2022 by Finance Minister and was established on 27th July 2023. The main objective of this fund is during liquidity/economy crisis, investors can freely redeem their funds. In the past whenever there is a credit issue in the market, the whole industry gets into panic causing a huge rush towards redemption of their investments. To cater the liquidity problem of AMC, Corporate Debt Market Development Fund will buy the securities from AMC and provide them the liquidity.
CDMDF is an alternative investment fund and can be subscribed by AMCs who are running debt mutual funds. This fund is managed by SBI Mutual Fund and will ensure that funds are available to participating mutual funds in the event of liquidity crisis.
Here’s the list of curated readings for you this week:
Personal Finance
- ITR filings in AY24 jump 16%, peak to record high of 6.77 crore: CBDT. – The returns filed through ITR-2 forms, used by resident individuals and Hindu Undivided Family (HUFs) with income of over 50 lakh, account for 11.97 percent (81.12 lakh). Read here.
- The Return on Hassle Spectrum – An interesting chart showing the difficulty/hassle of an investment compared to its expected annualized return (note: expected). Read here
- India’s women are saving more – RBI report shows women account for 39% (₹37 lakh crore) of overall individual deposits. Read here.
- “What does it take to build a company that lasts 100 years?” – India is home to multiple enterprises that have redefined strength and commitment in their path of survival. Read here
- Investing at All Time Highs! – Focus on the market cap. as one goes down the marketcap curve, the prospect of higher intensity drawdown increases. Read here.
- Indian corporates are turning to big banks to help fuel their growth. – From 2021 to 2022, the share of Indian corporates working with one of the largest Indian private sector banks for overall corporate banking services increased to 38% from 33%. Read here
- Morgan Stanley upgrades India to ‘overweight’; downgrades China – India is arguably at the start of a long wave boom at the same time as China may be ending one. Read here
- International Coal Prices have softened in Q1FY24. – The heightened coal prices was a big pain area for certain industries last year. While the prices have now dropped compared to FY22, they have remained above the pre-Covid-year price averages. Read here.
Economy
- Fitch downgrades U.S. long-term rating to AA+ from AAA – “The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said. Read here.
- India Now Among Apple’s Top 5 Markets – The premiumization trend gained momentum as the segment grew at a faster rate of 112% YoY. Rise of a value-based incentive system for retailers, aggressive promotions, availability of credit through various financing schemes, and OEMs’ focussed approach are driving premiumization in India. Read here.
- India’s rice export ban trigger panic: India, the world’s largest rice exporter, banned the exports of non-basmati white rice on Jul. 20. India accounts for more than 40% of world rice exports, which amounted to 55.4 million metric tons in 2022 Read here.
****
Check out CAGRwealth smallcase portfolios here.
****
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.