(An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 70:30 CPSE Plus SDL - April 2025. A moderate interest rate risk and relatively low credit risk)
Portfolio will consist of AAA rated Central Public Sector Undertakings & SOV-rated SDL securities.
#Subject to debt taxation, please refer SID for more details
ICICI Prudential NASDAQ 100 Index Fund - Brochureiciciprumf
Here’s your chance to invest in global markets with ICICI Prudential NASDAQ 100 Index Fund. Invest in a diversified portfolio of global market leaders and work towards your potential wealth creation.
Hurry! NFO closes on 11th October 2021.
Don’t miss out! Know more at https://bit.ly/3zTORWE
Fixed Income Update | ICICI Prudential Mutual Fundiciciprumf
A changing macro-environment warrants a more active management of fixed income portfolio that continually balances duration and accrual. We recommend the following strategies: Accrual strategy and Active duration strategy. It may be an opportune time to invest in floating rate bond in this interest rate scenario to dodge interest rate volatility.
“RBI Monetary Policy Analysis : Leaving no stone unturned “iciciprumf
The RBI cut the Repo rate by 75bps to 4.4%, the Reverse Repo by 90bps to 4% and the Cash Reserve Ratio (CRR) by 100bps to 3%, targeting an increase in liquidity with banks to invest in investment-grade corporate bonds, commercial papers etc. and announced macro-prudential measures such as relaxing repayments for all term loans and improving access for working capital for the next 3 months.
ICICI Prudential NASDAQ 100 Index Fund - One Pagericiciprumf
Give your portfolio access to leading global companies and work towards your potential wealth creation by investing in ICICI Prudential NASDAQ 100 Index Fund.
Hurry! NFO starts today and closes on 11th October 2021.
Get more information at https://bit.ly/3zFdHJy
ICICI Prudential NASDAQ 100 Index Fund - Brochureiciciprumf
Here’s your chance to invest in global markets with ICICI Prudential NASDAQ 100 Index Fund. Invest in a diversified portfolio of global market leaders and work towards your potential wealth creation.
Hurry! NFO closes on 11th October 2021.
Don’t miss out! Know more at https://bit.ly/3zTORWE
Fixed Income Update | ICICI Prudential Mutual Fundiciciprumf
A changing macro-environment warrants a more active management of fixed income portfolio that continually balances duration and accrual. We recommend the following strategies: Accrual strategy and Active duration strategy. It may be an opportune time to invest in floating rate bond in this interest rate scenario to dodge interest rate volatility.
“RBI Monetary Policy Analysis : Leaving no stone unturned “iciciprumf
The RBI cut the Repo rate by 75bps to 4.4%, the Reverse Repo by 90bps to 4% and the Cash Reserve Ratio (CRR) by 100bps to 3%, targeting an increase in liquidity with banks to invest in investment-grade corporate bonds, commercial papers etc. and announced macro-prudential measures such as relaxing repayments for all term loans and improving access for working capital for the next 3 months.
ICICI Prudential NASDAQ 100 Index Fund - One Pagericiciprumf
Give your portfolio access to leading global companies and work towards your potential wealth creation by investing in ICICI Prudential NASDAQ 100 Index Fund.
Hurry! NFO starts today and closes on 11th October 2021.
Get more information at https://bit.ly/3zFdHJy
Interbank call money rates remained below the RBI’s repo rate for most of the month amid comfortable liquidity in the system. The central bank periodically infused funds via discretionary term repo auctions and targeted long-term repo auctions (TLTRO), though overall liquidity remained in surplus. It also announced TLTRO of three-year duration for a total notified Rs 250 billion to be conducted on April 3, and notified it would be extending fixed rate reverse repo and the Marginal Standing Facility (MSF) window to provide eligible market participants greater flexibility in their liquidity management.
Currency in circulation rose 12.2% on-year in the week ended March 20, 2020, compared with 17.5% growth a year ago. The RBI, via its liquidity window, absorbed Rs 2990.81 billion on a net daily average basis in March 2020, compared with net liquidity absorption of Rs 2931.09 billion in February 2020.
Bank credit growth rose 6.1% on-year in the fortnight ended March 13, 2020, compared with 6.4% on-year growth reported in the fortnight ended February 14, 2020.
The policy decisions are in line with our expectation on repo rate and stance. However, we were expecting a hike in reverse repo rate. We are in an interest-rate rise cycle and hence recommend active duration management.
Aim to make the most of the potential of smaller companies by investing in their beginnings with ICICI Prudential Smallcap Index Fund. More information at https://bit.ly/3B6BmmK
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
“Our Equity Valuation Index now into Deep Green Zone” - Invest aggressively i...iciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are
attractive, we are in the low to mid-phase of the business cycle and sentiments around the asset class
is negative
Hence, we recommend invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with recent
market correction due to concerns around COVID-19 spread, the market has stepped into an oversold
zone. This provides a good margin of safety for equity investments
Steeper the climb sweeter the view- Fixed Income Updateiciciprumf
We believe that the current steepness in bond markets should not make investors wary, instead it could be an opportune time to add duration as the longer end of the yield curve becomes attractive.
In continuation to RBI announcements dated March 27, 2020, the RBI announced additional liquidity and regulatory measures to improve the system liquidity and to improve credit spreads.
Business Cycle is near bottom, Future Triggers would be the trajectory of COVID-19 growth curve and vaccine development, Sentiments are negative since FPI flows have moderated and past returns have been muted.
UPDATE ON ICICI PRUDENTIAL CREDIT RISK FUNDiciciprumf
We have been continuously recommending ICICI Prudential Credit Risk Fund due to elevated yields and due
to higher risk reward benefit. In these challenging times, we would like to re-emphasize that we will continue
to stick to our Credit selection process which has ensured that historically we have never encountered any
delay or defaults in any of our schemes. Also, we would like to harp that we continue to remain cognizant of
managing the liquidity, concentration, credit and duration in our accrual portfolios to provide investor with
better risk adjusted returns.
• Interbank call money rates remained mostly below the RBI’s repo rate of 4% in June as overall systemic liquidity remained surplus.
• Currency in circulation rose 20.6% on-year in the week ended June 19, 2020, compared with 12.7% growth a year ago. The RBI, via its liquidity window, absorbed Rs 3770.33 billion on a net daily average basis in June 2020, compared with net liquidity absorption of Rs 5114.71 billion in May 2020.
• Bank credit growth rose 6.2% on-year in the fortnight ended June 5, 2020, compared with 6.5% on-year growth reported in the fortnight ended May 8, 2020.
Index Performance: Indian equity indices S&P BSE Sensex and Nifty 50 tanked 23% each in March 2020 due to worries about the rapid spread of Covid19 in the country and the government’s lockdown decision. The benchmark
indices also logged their biggest one-day fall on March 23 and hit their lower circuits twice in the month, triggering trading halts for 45 minutes.
Inflation: Retail inflation, based on Consumer Price Index (CPI), fell to 6.58% in February 2020 from a 68-month high of 7.59% in January, because of a decline in food prices and the base effect.
Time to Invest in Equities – Valuations Attractiveiciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are attractive, we are in the low to mid-phase of business cycle and sentiments around the asset class is negative
Hence, we recommend to invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with a recent market correction due to concerns around COVID-19 spread outside China, the market has stepped into an oversold zone. This provides a good margin of safety for equity investments
"most important thing to understand is that every CRISIS is
temporary and is bound to end – hence there is a saying ‘ Fall is temporary but Growth is permanent’
1.EDITORIAL
2.INSPIRING CASE STORY
3.INVESTING DURING CRISIS
4.MARKET INDICATORS
A MONTHLY NEWSLETTER TO MANAGE YOUR PERSONAL FINANCE
Currently, valuations seem reasonable for long term investment, Business Cycle has bottomed out and relatively low FII flows have been recorded. Our framework suggests that it is time to accumulate equities and stay invested for long term.
Wallet4wealth newsletter-jan-2022. In this news letter we have highlighted Union Budget 2022, Inspiring case stories, 5 must do SIPs for 2022, Market indicators etc. Finance minister Nirmala Sitharaman presented her Budget which was based on 7 key priorities.
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
Interbank call money rates remained below the RBI’s repo rate for most of the month amid comfortable liquidity in the system. The central bank periodically infused funds via discretionary term repo auctions and targeted long-term repo auctions (TLTRO), though overall liquidity remained in surplus. It also announced TLTRO of three-year duration for a total notified Rs 250 billion to be conducted on April 3, and notified it would be extending fixed rate reverse repo and the Marginal Standing Facility (MSF) window to provide eligible market participants greater flexibility in their liquidity management.
Currency in circulation rose 12.2% on-year in the week ended March 20, 2020, compared with 17.5% growth a year ago. The RBI, via its liquidity window, absorbed Rs 2990.81 billion on a net daily average basis in March 2020, compared with net liquidity absorption of Rs 2931.09 billion in February 2020.
Bank credit growth rose 6.1% on-year in the fortnight ended March 13, 2020, compared with 6.4% on-year growth reported in the fortnight ended February 14, 2020.
The policy decisions are in line with our expectation on repo rate and stance. However, we were expecting a hike in reverse repo rate. We are in an interest-rate rise cycle and hence recommend active duration management.
Aim to make the most of the potential of smaller companies by investing in their beginnings with ICICI Prudential Smallcap Index Fund. More information at https://bit.ly/3B6BmmK
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
“Our Equity Valuation Index now into Deep Green Zone” - Invest aggressively i...iciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are
attractive, we are in the low to mid-phase of the business cycle and sentiments around the asset class
is negative
Hence, we recommend invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with recent
market correction due to concerns around COVID-19 spread, the market has stepped into an oversold
zone. This provides a good margin of safety for equity investments
Steeper the climb sweeter the view- Fixed Income Updateiciciprumf
We believe that the current steepness in bond markets should not make investors wary, instead it could be an opportune time to add duration as the longer end of the yield curve becomes attractive.
In continuation to RBI announcements dated March 27, 2020, the RBI announced additional liquidity and regulatory measures to improve the system liquidity and to improve credit spreads.
Business Cycle is near bottom, Future Triggers would be the trajectory of COVID-19 growth curve and vaccine development, Sentiments are negative since FPI flows have moderated and past returns have been muted.
UPDATE ON ICICI PRUDENTIAL CREDIT RISK FUNDiciciprumf
We have been continuously recommending ICICI Prudential Credit Risk Fund due to elevated yields and due
to higher risk reward benefit. In these challenging times, we would like to re-emphasize that we will continue
to stick to our Credit selection process which has ensured that historically we have never encountered any
delay or defaults in any of our schemes. Also, we would like to harp that we continue to remain cognizant of
managing the liquidity, concentration, credit and duration in our accrual portfolios to provide investor with
better risk adjusted returns.
• Interbank call money rates remained mostly below the RBI’s repo rate of 4% in June as overall systemic liquidity remained surplus.
• Currency in circulation rose 20.6% on-year in the week ended June 19, 2020, compared with 12.7% growth a year ago. The RBI, via its liquidity window, absorbed Rs 3770.33 billion on a net daily average basis in June 2020, compared with net liquidity absorption of Rs 5114.71 billion in May 2020.
• Bank credit growth rose 6.2% on-year in the fortnight ended June 5, 2020, compared with 6.5% on-year growth reported in the fortnight ended May 8, 2020.
Index Performance: Indian equity indices S&P BSE Sensex and Nifty 50 tanked 23% each in March 2020 due to worries about the rapid spread of Covid19 in the country and the government’s lockdown decision. The benchmark
indices also logged their biggest one-day fall on March 23 and hit their lower circuits twice in the month, triggering trading halts for 45 minutes.
Inflation: Retail inflation, based on Consumer Price Index (CPI), fell to 6.58% in February 2020 from a 68-month high of 7.59% in January, because of a decline in food prices and the base effect.
Time to Invest in Equities – Valuations Attractiveiciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are attractive, we are in the low to mid-phase of business cycle and sentiments around the asset class is negative
Hence, we recommend to invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with a recent market correction due to concerns around COVID-19 spread outside China, the market has stepped into an oversold zone. This provides a good margin of safety for equity investments
"most important thing to understand is that every CRISIS is
temporary and is bound to end – hence there is a saying ‘ Fall is temporary but Growth is permanent’
1.EDITORIAL
2.INSPIRING CASE STORY
3.INVESTING DURING CRISIS
4.MARKET INDICATORS
A MONTHLY NEWSLETTER TO MANAGE YOUR PERSONAL FINANCE
Currently, valuations seem reasonable for long term investment, Business Cycle has bottomed out and relatively low FII flows have been recorded. Our framework suggests that it is time to accumulate equities and stay invested for long term.
Wallet4wealth newsletter-jan-2022. In this news letter we have highlighted Union Budget 2022, Inspiring case stories, 5 must do SIPs for 2022, Market indicators etc. Finance minister Nirmala Sitharaman presented her Budget which was based on 7 key priorities.
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
ICICI Prudential Mutual Funds Fixed income updateiciciprumf
These are interesting times. We have seen the worst growth contraction in decades but interest rates still remains higher than lows seen during other crisis.
2020 was an eventful year for Fixed income space with RBI providing 135 bps rate cut, supporting the system with ample
liquidity in the second half of the year, RBI’s shift from OMO’s for liquidity to Operation Twist to reduce term premiums,
RBI’s unexpected pause in policy rate cuts in December etc. In the midst of all this, the benchmark 10 year treasury yield
ended the year lower by ~87 bps as compared to last year and settled at 6.55%.
Read the full document to know more.
Benchmark 10 year treasury yields remained flat as they averaged at 6.50% in November (5bps lower vs. October avg.).
System liquidity remained in surplus on the back of bank deposits growing faster than credit, government spending and
RBI forex purchases.
Read the full document to know more.
ICICI Prudential Hybrid/FOF Schemes Bluebook | September 2022iciciprumf
Diversification aims to capture benefits from each asset class that a single investment cannot do. The ICICI Prudential Hybrid/FOF schemes bluebook suggests investing in Hybrid/FOF schemes to diversify your portfolio.
Global market Impact:
On the global front, the Federal Reserve's
decision to raise the target range for the federal
funds rate by 25bps to 5.25%-5.5% in July 2023
was in line with market expectations
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
Axis cpse plus sdl 2025 7030 debt index fund ppt - nfo - final
1. Axis CPSE Plus SDL 2025 70:30
Debt Index Fund
(An open-ended Target Maturity Index Fund investing in constituents of CRISIL
IBX 70:30 CPSE Plus SDL - April 2025. A moderate interest rate risk and relatively
low credit risk)
PRESENTING
Add the power of India CPSEs*
to your investments.
*Portfolio will consist of AAA rated Central Public Sector Undertakings & SOV-rated SDL securities.
#Subject to debt taxation, please refer SID for more details
NFO Period: 10th to 20th January 2022
2. Product Labelling
Fund Name & Benchmark Product Labelling Product Risk-o-meter Benchmark Risk-o-meter Potential Risk Class Matrix
Axis CPSE Plus SDL 2025
70:30 Debt Index Fund
(An open-ended Target Maturity
Index Fund investing in
constituents of CRISIL IBX
70:30 CPSE Plus SDL - April
2025. A moderate interest rate
risk and relatively low credit risk)
Benchmark Name: CRISIL IBX
70:30 CPSE Plus SDL – April
2025
This product is suitable for
investors who are seeking*:
• Income over long term
• Investments in state
government securities (SDLs)
similar to the composition of
CRISIL IBX 70:30 CPSE Plus
SDL – April 2025, subject to
tracking errors.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
(The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary
post NFO when actual investments are made)
2
3. 3
Source: CEIC, HSBC, RBI Governor’s speech and monetary policy dated 8th December 2021,Axis MF Research. Data as of January 5th 2022
RBI sounds cautionary – Call to temporary Dovishness
Key Takeaway from the RBI Monetary policy
Growth Recovery Signs Visible, Private Investment Still Lags
Highlighting the need to spur private investment, the RBI governor cited flagging private
investment in his reasoning for continued accommodation in monetary policy.
0
5,000
10,000
15,000
20,000
25,000
Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21
New Investment Projects, Rs bn
(4Q trailing sum)
Total Public Private
RBI slowing down its plan to normalize monetary policy to counter any headwinds
from the fast evolving Covid 3rd wave
Growth Pains - Omicron Concerns
The daily new COVID-19 case count
has risen 6x over the last week
Currently, a third of the total reported
cases are due to the Omicron variant
95
61
3
35
0
20
40
60
80
100
13-Dec 27-Dec
COVID-19 cases by variant share
Delta Omicron Others
5
8
11
14
17
20
23
26
29
Oct-21 Nov-21 Dec-21 Jan-22
7dma,
thousands
Thousands
India: Daily cases
New cases Recoveries
4. 4
Source: Bloomberg, Axis MF Research. Data as of December 31st 2021
Bulk of system liquidity getting absorbed near 4% levels due to VRRR
Banking Liquidity – Rs 8.30 lakh Cr
Non bank liquidity - Rs 2.60 lakh Cr
System Liquidity – Rs 10.90 lakh Cr
Shadow Absorption
14/28 Days VRRR – Rs 6.5 lakh Cr
Fine tuning operations – Rs 2 lakh Cr
Net Liquidity – Rs 2.40 lakh Cr
VRRR Cut offs
13/Aug 3.43%
9/Sep 3.41%
8/Oct 3.99%
23/Nov 3.99%
14/Dec 3.96%
• Current Repo rate stands at 3.35%. However, RBI has been setting VRRR cut offs closer to 4% in an attempt to normalize money
market rates
• Shadow absorption today accounts for over 75% of outstanding system liquidity. Hence system liquidity is a ‘Mirage’
• Money market rates have moved materially since Jan 2021 (First announcement of VRRR). This trade has largely played out.
(2.00)
-
2.00
4.00
6.00
8.00
10.00
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
In
Rs
Lakh
Cr
Headline Banking Liquidity looks deceptive
Liquidity Trade Priced In
5. 5
Source: Bloomberg, Axis MF Research. Data as of December 31st 2021
Past performance may or may not be sustained in future.
RBI Action has led to a significant retracement in the 3 Year space
2
14
89
106
81
39 39
3 Month 6 Month 1 Year 3 Year 5 Year 10 Year 15 year
3 Year Yields have seen the maximum retracement
since December 2020 (In bps)
AAA PSU Bond Curve
Liquidity absorption has led to repricing
6. 6
Source: CRISIL Indices
Axis CPSE Plus SDL 2025 70:30 Debt Index Fund will endeavour to replicate the performance of this index subject to tracking errors by replicating the allocation of bonds
& SDL’s. For complete details on the index refer SID.
About the Index – CRISIL IBX 70:30 CPSE Plus SDL – April 2025
• CRISIL IBX 70:30 CPSE Plus SDL – April 2025 is a
portfolio of AAA rated bonds issued by CPSE’s and State
Development Loans (SDLs) maturing between November 01,
2024 to April 30, 2025.
• The index will be managed by CRISIL Indices Limited.
Overview
• The index contains 2 components as on the base date of index
• AAA rated CPSE’s component (70%): Top 7 CPSE
issuers shall be selected, at the time of inception of the
index, based on liquidity score of the securities maturing
in the eligible period for CPSE.
• SDL component (30%): Top 6 SDLs with a minimum
O/s of Rs 1,000 Cr selected basis liquidity
Playing The Opportunity through Quality
How is the Index Constructed
All Papers will mature on
or before April 30th 2025
Portfolio will consist of
AAA/SOV rated securities at
the time of investment.
The index will be
rebalanced every quarter
7. Source: CRISIL Indices
Axis CPSE Plus SDL 2025 70:30 Debt Index Fundwill endeavour to replicate the performance of this index subject to tracking errors by replicating the allocation of bonds & SDL’s.
Issuers mentioned above are for illustrative purposes only. This document should not be treated as a recommendation to trade in securities issued by the above mentioned issuers
7
As of December 31th 2021
30% Allocation to SDLs
• Madhya Pradesh Government
• Gujarat Government
• Rajasthan Government
• Karnataka Government
• West Bengal Government
• Tamil Nadu Government
Current Index Constituents
• NABARD
• REC Ltd
• Indian Oil Corporation
• Power Finance Corporation Ltd.
• National Housing Bank
• NTPC Ltd
• Power Grid Corporation of India
70% Allocation to AAA rated CPSEs
9. Axis CPSE Plus SDL 2025 70:30 Debt Index Fund is not a capital protection or guarantees returns scheme. Please refer to SID for detailed Investment Strategy and other
scheme related features.
An Ideal Solution for investors with a set Investment horizon
• A target maturity Index fund is a portfolio designed to terminate at a pre-
defined date.
• The fund manager achieves this by buying securities with similar
maturities as close to the defined maturity date and holds them to
maturity.
• As time passes, the fund may add/delete securities basis the
methodology criteria
• As the fund progresses the duration of the securities diminishes until the
fund matures
• The strategy aims to negate any duration risk for investors who remain
invested through the life of the fund
9
Introducing Target Maturity Index Funds
10. Suggested allocation is for illustrative purposes only. Investors must consult their financial advisors regarding portfolio allocation and suitability of funds depending on the risk
profile of the investor. Should not be treated as an investment recommendation
Target maturity products ideally suited to build core fixed income portfolio
10
Fixed Income
Buckets
• Liquid/Money Market
Funds
• Low Duration
Strategies
• Short bond strategies
• Target maturity/Roll down
strategy funds
• Credit Oriented
Funds
• Long Duration
Funds
Liquidity Satellite Allocation
Core Allocation
Building Your Debt Portfolio
11. * At Maturity #Bond liquidity may vary due to vagaries of debt markets
Investors must consult their financial advisors/ tax advisors regarding portfolio allocation and suitability of funds depending on the risk profile of the investor.
Selecting the right product is essential to meet your investment objectives
11
Identifying which product is right for you?
Target Maturity Products
Actively Managed Debt Mutual
Funds
Individual Bonds
Return Trajectory*
Liquidity #
Diversification
Professional Management
Defined Maturity
Frequency of Income
At the time of
redemption/maturity
Depending on plan of
investment
Determinant on coupon
frequency. Some bonds pay out
cumulatively on maturity
Tax Efficiency
Indexation features available for
LTCG
Indexation features available for
LTCG
Indexation features available for
LTCG for select bonds
12. 12
Data as on 31st December 2021. Past performance may or may not be sustained in the future. @ assuming investments are made before 31st March 2022 and held beyond April
1st 2025. $ Prevailing SBI 3 year fixed deposit rate as of used. *Tax Rate considered 30% exclusive of applicable surcharges & cess. ** Tax as per LTCG income tax provisions
exclusive of applicable surcharges & cess. This computation is for resident individual investors. Cost inflation index assumed at 5%p.a. Fund related expenses ignore for this
illustration. Investors are advised to consult their tax advisors for taxation related matters. To be used for illustrative purposes only. Actual tax implications may differ basis prevailing
tax laws
The fund will offer investors 4 indexations@
during its lifetime.
3 Year Traditional
Savings Scheme
Axis CPSE Plus SDL 2025 70:30
Debt Index Fund
Investment Amount 1,00,000 1,00,000
Rate of Return (%) (Assumed) 5.30%$ 5.75%
Return on Maturity 1,16,757 1,18,260
Indexation Available No Yes
Indexed Value NA 1,21,550
Taxable Income 16,757 Nil
Tax Payable 5,027 Nil
Post Tax Return 11,730 18,260
Effective Post tax Return (CAGR) 3.77% 5.75%
Coupled with the Power of Indexation
13. 13
# Investors are advised to consult their tax advisors for advice on taxation matters relating to your portfolio and suitability of the product
Why Invest in Axis CPSE Plus SDL 2025 70:30 Debt Index Fund?
SIMPLE & EASY
Target Maturity, high quality portfolio with the
benefit of indexation#
PRODUCT MECHANICS
Low cost hassle free solution for investors looking
to build their core fixed income portfolio
CORE ALLOCATION
Ideal solution for investors looking to invest with a
3 year investment horizon
OPPORTUNITY
3 Year space has seen yields rise by over 100 bps
since its low in December 2020. Yields attractive
To Summarize
14. Scheme Name
Axis CPSE Plus SDL 2025
70:30 Debt Index Fund
Minimum Investment
Rs. 5,000 and in
multiples of Re. 1/-
thereafter
Benchmark
CRISIL IBX 70:30
CPSE Plus SDL –
April 2025
Fund Manager
Devang Shah &
Kaustubh Sule
Number of
Issuers
CPSE – 7
SDL – 6
Total – 13
Exit Load
Nil
Maturity Date
30th April 2025
Proposed expense ratio has been provided. The AMC may at its discretion amend the expense ratio of the fund from time to time. Please refer to the latest expense ratio
available on www.axismf.com
14
Axis CPSE Plus SDL 2025 70:30 Debt Index Fund
Fund Snapshot
16. Efficient low cost
strategy
Removes the risk of
security selection
Participates in the
constituents in the same
proportion as the index
Relies on broader
market wisdom
ETFs and Index Funds
are popular vehicles to
passive investing
Data as on 31st December 2021.
Passive investing
Low friction investment strategy tracking a pre-specified benchmark/index as closely as possible
16
17. Exchange
Traded Funds
Index Funds
What are they?
How to invest?
Cost of investing
Brokerage Account
MF special
products availability
Passive funds tracking an index
Trade like a stock on the
exchange
Fund TER + trading costs
(brokerage etc.)
Brokerage account is required
to trade in ETFs
Not available
NAV based investment
like Mutual Fund
Fund TER (Direct/
Regular plan)
Not required
Along with lumpsum,
facilities such as SIP, STP,
SWP etc. are available
Source: Axis MF Internal Analysis. TER: Total Expense Ratio, ETF: Exchange Traded Fund, SIP: Systematic Investment Plan,
STP: Systematic Transfer Plan, SWP: Systematic Withdrawal Plan.
Passive strategies: Index funds and ETFs
17
18. Source: Axis MF Internal Analysis.
Because you want to have… Because you want to avoid…
Lower
expenses
Broad
diversification
Consistent
style
Market-linked
returns
Actively managed
portfolios
Fund manager
value addition
Uncertainty on
potential alpha
Why invest in an index fund?
18
19. Source: CRISIL Indices, Axis MF Research. Data as of 31st December 2021.
Index Funds have
relatively lower
expenses than actively
managed funds.
The index represents a
defined set of CPSE
issuers and SDLs
issued by state
governments
The index offers a well
defined mix of AAA
rated public sector
entities across sectors
and industries along
with sovereign exposure
by way of SDLs
The fund is ideally
suited for investors
looking for tax efficient
market linked returns
over traditional fixed rate
return products
Lower expenses Consistent style Diversification Market linked returns
Achieving investor objectives with an
Index Fund
19
20. Past performance may or may not be sustained in the future.
Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The
fund manager(s) may or may not choose to hold the stock mentioned, from time to time.
Each CRISIL Index (including, for the avoidance of doubt, its values and constituents) published on the web site ( www.crisil.com ) or otherwise delivered to client by CRISIL
Limited (hereinafter, “CRISIL”) is the sole property of CRISIL. By viewing, accessing and/or otherwise using CRISIL Indices or any related information (together, “Material”)
the person doing so (“user”) acknowledges and accepts as follows: The user understands that the Material is provided by way of general information. CRISIL makes no
representation or warranty that the Material is appropriate or available for use at any location(s) outside India. Any access to the Materials from territories where such
contents are illegal, is prohibited. The user may not use or export the Material in violation of any export and other laws or regulation. Where a user accesses the Material
from a location outside India, the user is responsible for compliance with (and, if any, violation of) all local laws. The provision of the Material is not intended to create an
adviser, broker/dealer, or consultant-client relationship between CRISIL and the user. CRISIL neither endorses nor solicits any business in respect the trading, purchase or
sale of any of the securities or instruments that may be featured in the CRISIL Index. Any use of the Material other than user’s own personal or individual non-commercial
purpose, is subject to the user obtaining the prior written consent of (and payment of applicable charges to) CRISIL. Without limiting the foregoing, unless the user is
specifically permitted by CRISIL in writing the user may not: (a) copy, transmit, combine with other information, recompile or redistribute any part of the Material in any
manner; (b) commercially exploit any part of Material. Any unauthorized access and use of any part of the Material is illegal and may attract legal action as CRISIL may
consider necessary. While CRISIL uses reasonable care in computing the CRISIL Indices and bases its calculation on data that it considers reliable, CRISIL makes no
representations or warranties including that any CRISIL Index or other Material is error-free, complete, adequate, updated or fit for any particular purpose. Further, there may
be errors in transmission of the information. The user takes the full responsibility for any use of CRISIL Indices. CRISIL does not accept any liability whatsoever (and
expressly excludes all liability) arising from or relating to their use of any part of Material.”
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh).
Trustee: Axis Mutual Fund Trustee Ltd.
Investment Manager: Axis Asset Management Co. Ltd. (the AMC).
Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. This document represents the views of Axis
Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset
Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information
contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves
the right to make modifications and alterations to this statement as may be required from time to time.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20
Statutory Details and Risk Factors