Sathish Speaks

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

    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

    This week Media Publications

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

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    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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