Market Outlook - What holds Equity Market in Apr 2024

Issue 136, Weekly Wealth Newsletter: 1st Apr 2024 – 8th Apr 2024

Happy Financial Year 24 – 25. May this Financial Year bring to you More Success and Prosperity

Market Outlook - What holds Equity Market in Apr 2024

Equity Markets were volatile in March owing to Outflows in FII & Valuation Concerns.

In fact, after the strong outperformance of mid and small-cap categories over large-caps over the last few years, a partial reversal was seen in March. Stress tests by SEBI on midcap and small-cap funds

In the near-term, market is expected to enjoy the benefit of global liquidity and favourable macro-economic conditions
Over the medium-term, global macros like US economy and Fed actions could define liquidity movements and equity markets
Mid and small cap stocks continue to trade at full valuations despite the recent correction in March. While large caps are not necessarily cheap, there are select pockets wherein risk-reward appears more favourable as compared to mid and small caps

Call us @ 63795 18807 to Review your Mutual Funds & Stock Portfolio

Weekly Market Update

Indian equities ended higher on Wednesday buoyed by oil companies, after global crude oil prices dropped, coupled with a rise in auto, private banks and realty stocks.

Morgan Stanley raised India's GDP growth estimates for FY25 to 6.8% from 6.5% earlier on the back on continued traction in industrial and capex activity

BSE announced 25 stocks eligible for ‘beta’ framework under the T+0 settlement cycle starting March 28.

The big event in the coming week will be the monetary policy announcement. The Monetary Policy Committee (MPC) of the RBI will meet for 3 days between April 03, 2024 and April 05, 2024, culminating in the presentation of the monetary policy

For the month of February 2024, the core sector growth (infrastructure growth) came in at a robust 6.72%.

Mutual Fund Corner

Why Flexi Cap Mutual Funds are Popular Among Investors?

Flexi-cap schemes offer the flexibility to adjust allocations based on current market conditions and emerging opportunities.
Many investors prefer that the fund manager decide the allocation of their funds among large, mid, and small-cap stocks based on market opportunity.

In the case of a flexi-cap fund, the fund manager doesn’t have any limitations in terms of choosing stocks for investment belonging to any particular sector, market capitalization, or geography. A flexi-cap mutual fund scheme gives you the advantage of having a diversified equity portfolio spanning across large, mid, and small-cap stocks with a single scheme. The fund manager can also allot a certain percentage of the portfolio to international stocks. If you invest in the best flexi-cap mutual fund, it has the potential to give you inflation-beating high returns and thus create wealth for you.

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

http://www.assetplus.in/partner/sathishkumar

Stock of the Week

Ujjivan Small Finance Bank

CMP – 44

Target – 56 ( In 12 – 18 Month’s Time Frame)

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country.

It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial services to the ‘economically active poor’ who were not adequately served by financial institutions.

Strong Long Term Fundamental Strength with Tier 1 Capital Adeqacy Ratio of 24.50%

The company has declared Positive results for the last 8 consecutive quarters

A low ratio signifies bank has stronger due diligence systems when giving out loans

With ROA of 3.3, it has a Very Attractive valuation with a 1.8 Price to Book Value

For your Equity recommendation – open a De Mat account with Angel Broking with this link

https://app.aliceblueonline.com/openAccount.aspx?C=SSP03

This week Media Publications

This week at Nanayam Vikatan – Gold Prices hitting record high, Should you invest in Gold?

Middle Class to Million Dollar Book

Man and his struggle to generate and preserve wealth is eternal. One thing which is common among everyone in this society, that everyone has financial dream and aspiration to become Crorepati.

Middle Class to Million Dollar is a guide to understand how simple and common sense in Personal Finance can help you to get wealthy Corpus.

Click here to purchase the book from Amazon

Buy Middle Class to Million Dollar / மிடில் கிளாஸ் முதல் மில்லியன் டாலர் வரை Book Online at Low Prices in India | Middle Class to Million Dollar / மிடில் கிளாஸ் முதல் மில்லியன் டாலர் வரை Reviews & Ratings – Amazon.in