Sathish Speaks

Issue 134, Weekly Wealth Newsletter: 18th Mar 2024 – 25th March 2024

Is your Mutual Fund Portfolio Underperforming?

This week stock market experienced a significant decline, wiping off 14 lakh crore rupees from Dalal Street. The Sensex crashed 1100 points intraday, dropping below the 73,000 mark, and the Nifty was under 22,000. Although the Sensex recovered slightly by next day, it was still down 906 points.
Most of the investors fear underperformance, when market falls. It is more emotional, It is completely normal for the market to fall up to 5% from its peak or 52 week high.
It is okay to lose 2 -3% overall profits, especially when your portfolio delivering 20% XIRR. Some things are out of our control. Just like you cannot control the actions of others, you can’t control the market.
Remember investing is for mental peace and not for high returns.

Call us @ 63795 18807 to Review your Mutual Fund Portfolio

Weekly Market Update

  • Indian equities ended lower on Friday because of weak global cues. There are concerns on Federal Reserve Rate cut timing and hotter than expected US Inflation data.

  • Finance minister Nirmala Sitharaman said despite huge fluctuations globally, the Indian stock market has maintained "a certain level of sanity" and the market should be allowed to play on its own

  • Indian Q3 GDP Growth at 8.4% beats market expectation and estimates

  • Indian Economy grows at fastest pace in 6 Quarters

  • Retail inflation for February remains almost unchanged at 5.09%

The yield of the 10-year benchmark 7.18% 2033 paper ended higher at 7.06% on Friday compared to 7.04% on Thursday

Mutual Fund Corner

ICICI Pru Multi Asset Fund

To invest in SIP & in Mutual Funds Click the link and start your investments instantly

Stock of the Week

ITD Cementation

CMP – 306

Target –  385 ( In 12 – 18 Months Time Frame)


  • ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India ( For Airport, Metro Works, Tunnelling, Highway )

  • Healthy long term growth as Net Sales has grown by an annual rate of 22.52%

  • With a growth in Net Profit of 67.98%, the company declared Outstanding results in Dec 23

  • The company has declared positive results for the last 5 consecutive quarters

  • With ROCE of 25.9, it has a Fair valuation with a 3.5 Enterprise value to Capital Employed

  • ROCE(HY) Highest at 21.74 %
  • For your Equity recommendation – open a De Mat account with Angel Broking with this link

    This week Media Publications

    Middle Class to Million Dollar Book

    This Newsletter is from Creating Wealth Company – For Private Circulation only.

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    Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme-related documents carefully. The past performance of the mutual fund is not necessarily indicative of future performances. Mutual fund does not guarantee any returns or dividends.

    This report is for informational purposes only and contains information, opinions, and material obtained from reliable sources every effort has been made to avoid errors and omissions and is not to be construed as advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means is prohibited. 

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