SBI Magnum Equity Fund: An Open-ended Equity Scheme - Jan 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - March 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Magnum Income Fund provides investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. To know more about this mutual fund check the SBI Mutual Fund Page https://www.sbimf.com/Products/DebtSchemes/sbi-magnum-income-fund
SBI Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
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 Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
SBI Magnum Equity Fund: An Open-ended Equity Scheme - Jan 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - March 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Magnum Income Fund provides investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. To know more about this mutual fund check the SBI Mutual Fund Page https://www.sbimf.com/Products/DebtSchemes/sbi-magnum-income-fund
SBI Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
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 Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Dec 2015SBI Mutual Fund
SBI Magnum Equity Fund seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. This Presentation explains the points like investment management process of the fund and the current status of the fund along with the fund performance analysis. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Corporate Bond Fund: An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Corporate Bond Fund with moderate risk invests predominantly in corporate debt securities and aims to generate regular income over medium term. Mutual Fund investors can invest in this mutual fund via SIP or lump sum. Know more about this debt fund on SBI Mutual Fund website page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
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
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Feb 2016SBI Mutual Fund
SBI Magnum Equity Mutual Fund aims to provide the investor Long-term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments.SBI Mutual Fund is celebrating 25 years of SBI Magnum Equity Fund.Have a look at our journey and our plan ahead in this presentation.To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
Hdfc Prudence Fund - What a successful journey so far...Pradip Chinnakonda
One of my favourite Fund, a fund managed by Shri Prashant Jain who has brought laurels to HDFC AMC and himself. The dividend yield consistency is so good that we have started recommending this fund as a pension fund. A fund which all investor should have in their portfolio.
RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains
adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.50%
Read the full document to know more.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Sep 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Mutual which is best suited for investors seeking long term investment. This Mutual Fund Scheme seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
The finance innovation of business operations proved possible experienced and significant progress in the portfolio of business opportunities including joint ventures, merger and acquisition, created business units with responsibilities in the innovation and research, project development, production processing and marketing innovation and strategy especially in establishing the strategies that contribute to revitalization and development of new technology to lower capital cost and produce higher-quality products from the business operation with many innovation and production system significantly expanded from the efforts in research, technology development and market innovation to boost productivity.
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Jan 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Scheme which seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. This fund is best suited for investors looking for long term investment and have a risk appetite between Moderate and High. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Dynamic Asset Allocation Fund: An Open-ended Dynamic Asset Allocation Sch...SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to provide investors an opportunity to invest in a portfolio of a mix of equity and equity-related securities and fixed-income instruments which will be managed dynamically so as to provide investors with long-term capital appreciation.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes.aspx
Read our in-depth analysis of how the 3rd Bi-Monthly Monetary Policy Statement 2018-19 and the changes in interest rates impact the markets and the industry and what schemes we recommend for our investors.
SBI Magnum Multicap Fund: An Equity Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Multicap Mutual Fund is a mutual fund best suited for investors looking for capital appreciation with a long term investment horizon. This Fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. Know more about this mutual fund on SBI Mutual Fund page https://www.sbimf.com/Products/EquitySchemes/Magnum_Multicap_Fund.aspx.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 6.00%
- Reverse Repo rate stands adjusted to 5.75%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.25%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
Read the full document to know more.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Nov 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Dec 2015SBI Mutual Fund
SBI Magnum Equity Fund seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. This Presentation explains the points like investment management process of the fund and the current status of the fund along with the fund performance analysis. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Corporate Bond Fund: An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Corporate Bond Fund with moderate risk invests predominantly in corporate debt securities and aims to generate regular income over medium term. Mutual Fund investors can invest in this mutual fund via SIP or lump sum. Know more about this debt fund on SBI Mutual Fund website page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
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
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Feb 2016SBI Mutual Fund
SBI Magnum Equity Mutual Fund aims to provide the investor Long-term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments.SBI Mutual Fund is celebrating 25 years of SBI Magnum Equity Fund.Have a look at our journey and our plan ahead in this presentation.To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
Hdfc Prudence Fund - What a successful journey so far...Pradip Chinnakonda
One of my favourite Fund, a fund managed by Shri Prashant Jain who has brought laurels to HDFC AMC and himself. The dividend yield consistency is so good that we have started recommending this fund as a pension fund. A fund which all investor should have in their portfolio.
RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains
adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.50%
Read the full document to know more.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Sep 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Mutual which is best suited for investors seeking long term investment. This Mutual Fund Scheme seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
The finance innovation of business operations proved possible experienced and significant progress in the portfolio of business opportunities including joint ventures, merger and acquisition, created business units with responsibilities in the innovation and research, project development, production processing and marketing innovation and strategy especially in establishing the strategies that contribute to revitalization and development of new technology to lower capital cost and produce higher-quality products from the business operation with many innovation and production system significantly expanded from the efforts in research, technology development and market innovation to boost productivity.
SBI Magnum Equity Fund: An Open Ended Growth Scheme - Jan 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Scheme which seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. This fund is best suited for investors looking for long term investment and have a risk appetite between Moderate and High. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Dynamic Asset Allocation Fund: An Open-ended Dynamic Asset Allocation Sch...SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to provide investors an opportunity to invest in a portfolio of a mix of equity and equity-related securities and fixed-income instruments which will be managed dynamically so as to provide investors with long-term capital appreciation.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes.aspx
Read our in-depth analysis of how the 3rd Bi-Monthly Monetary Policy Statement 2018-19 and the changes in interest rates impact the markets and the industry and what schemes we recommend for our investors.
SBI Magnum Multicap Fund: An Equity Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Multicap Mutual Fund is a mutual fund best suited for investors looking for capital appreciation with a long term investment horizon. This Fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. Know more about this mutual fund on SBI Mutual Fund page https://www.sbimf.com/Products/EquitySchemes/Magnum_Multicap_Fund.aspx.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 6.00%
- Reverse Repo rate stands adjusted to 5.75%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.25%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
Read the full document to know more.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Nov 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
Debt outlook and Asset Allocation: Through this PowerPoint deck, explore insights into Fixed Income and Equity regarding the variables driving current market situation and the outlook for 2022 that will impact mutual fund investments.
www.Quantumamc.com
Proactive Alternatives strategies for the sophisticated HNW investor with actively managed accounts. A currency hedge works well against rising interest rate volatility.
Invest in Flexi Cap Fund | UTI Equity Mutual FundsRinkuMishra13
UTI Flexi Cap Fund was formerly known as UTI Equity Fund. It's an open-ended equity scheme investing across large-cap, mid-cap and small-cap stocks. Get the latest info about Nav, returns, etc. Invest in the Flexi Cap Fund now!
Invest in Flexi Cap Fund | UTI Equity Mutual FundsRinkuMishra13
UTI Flexi Cap Fund was formerly known as UTI Equity Fund. It's an open-ended equity scheme investing across large-cap, mid-cap and small-cap stocks. Get the latest info about Nav, returns, etc. Invest in the Flexi Cap Fund now!
FCT Investor Presentation (Updated Sep 2013). This presentation contains the overview of FCT, the most recent financial results and relevant information in the appendix.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Analyzing the instability of equilibrium in thr harrod domar model
Domestic Fixed Income Strategy Analytics for Long-Term Investors
1. NIGERIAN PENSION FUND MANAGERS/ADMINISTRATORS: EVALUATING
FIXED INCOME INVESTMENT STRATEGY OPTIONS
Discussion Document
By:
Olaniyi Ogunbayo, CFA, FRM
Managing Director & Chief Investment Officer
Affiniti Capital Management LTD
Email: olaniyi@affiniti-capital.com
September, 2017
2. Outline
2
Summary
•Executive summary
Background Information
•Yield Curve & Shift in Fixed Income Strategy
Evaluating Investment Strategy Options
•Strategy Options, Base Case Assumptions and Results
•Break-Even or Indifference Point Analysis
Additional Sensitivity Analysis
•Break-Even or Indifference Curve
•Impact of Investment Horizon on Strategy Outcomes
Investment Policy Implications
I.
II.
III.
IV.
V.
3. Executive Summary
3
o The prevailing interest rate environment is characterised by a steeply inverted yield curve. In recognition of this, Pensions Funds
have chosen to increase their Fixed-Income (“FI”) Portfolio allocation to short-term securities, particularly 1-year treasury bills
which currently offer 500bps premium over 20-year treasury bond
o In this document, we assess the viability of this tactical shift in FI strategy in favour of short-term securities given the long-term
investment objectives of the pension funds
o Our analyses, based on our capital market expectations, suggest that the strategy shift is to the detriment of the investors
o Specifically, the strategy shift will result in immediate wealth loss estimated to be 12.18% of the allocated capital to short-term
securities
o The strategy shift will only create wealth for the investors if the 20-year yield is above 16.24% in one year’s time. And our own
base estimate of the 20-year yield in one year’s time is 15.50%
o Given the current market conditions, we believe the fair yield for the 20-year bond in today’s market is 15.80%. Therefore, any
offer of the 20-year securities above this level is considered viable for pension funds
o A critical parameter in our analyses is the assumed investment horizon of pension funds, which we take to be 20 years in our base
case analysis. Our analyses indicate that the strategy shift towards short-term securities is only justified if the investment horizon
is 5 years or less
o We believe that if a thorough analysis and simulation is conducted with future expectations of market interest rates, the strategy
shift may not have been implemented
o We therefore recommend a gradual reallocation to long-term securities provided the offered yield on 20-yr bond exceeds 15.80%
4. Outline
4
Summary
•Executive summary
Background Information
•Yield Curve & Shift in Fixed Income Strategy
Evaluating Investment Strategy Options
•Strategy Options, Base Case Assumptions and Results
•Break-Even or Indifference Point Analysis
Additional Sensitivity Analysis
•Break-Even or Indifference Curve
•Impact of Investment Horizon on Strategy Outcomes
Investment Policy Implications
I.
II.
III.
IV.
V.
5. Background Information
5
o The FGN yield curve has been inverted for over a year now, with
the yield spread (20-yr Yield minus 1-yr Yield) currently standing
at -500bps
o The degree of inversion has encouraged PFAs, whose
liabilities/obligations are structurally long term in nature, to shift
funds to short term securities – particularly 1-year treasury bills
with the plan to re-invest in long-dated securities in one year’s
time when the yield curve is expected to have normalised
o Over one year has passed, and the yield curve remains inverted
o Thus, the FI investment strategy dilemma still remains: invest
short term today and re-invest long term later vs. invest long-term
now
o Recent trading activities suggest that most PFAs still favour the
option of investing short term now and re-invest in one year’s
time as shown in the jump in allocation to short-term securities
from 23.4% at the beginning of this year to 27.4% as at April, 2017
o This document primarily aims at exploring the potential financial
implications of the short-term investment strategy
o For our analysis, we have assumed investment horizon of 20 years
FGN Yield Curve as at September 08, 2017
Shift in PFAs’ Fixed Income (FI) Asset Allocation
Source:
YTM - FMDQ
PFA Assets – PENCOM
Yield Curve and Shift in Fixed Income Strategy
Yield Spread = -500bps
13.0
15.0
17.0
19.0
21.0
23.0
- 5 10 15 20
YTM
TTM
24.2
23.6
23.2 23.3
22.9
21.1
21.4
23.8
22.5 22.6
23.7
23.4
24.5
23.2
24.2
27.4
Short-term FI Securities as % Total FI Portfolio 3-Month Moving Avg.
PFAs’ FI Portfolio Allocation
to Short-Term FI Securities (%)
6. Outline
6
Summary
•Executive summary
Background Information
•Yield Curve & Shift in Fixed Income Strategy
Evaluating Investment Strategy Options
•Strategy Options, Base Case Assumptions and Results
•Break-Even or Indifference Point Analysis
Additional Sensitivity Analysis
•Break-Even or Indifference curve
•Impact of Investment Horizon on Strategy Outcomes
Investment Policy Implications
I.
II.
III.
IV.
V.
7. Evaluating Investment Strategy Options
7
Strategy Options
o Option 1: Invest short term now and re-invest later
- This entails investing in 1-year Treasury Bill today
and re-investing in a 20-year bond with TTM of 19
years, one year from now
- This will be subsequently referred to as The Short-
Term Strategy
o Option 2: Invest long term now
- This entails investing in 20-year bond now
- It will be referred to as The Long-Term Strategy
Base Case Scenario
o Investible capital = NGN10bn
o Investment horizon = 20 years
o Current yield on 1-year T-bills = 21.50% (this corresponds
to discount yield of 18.50%)
o Current yield on 20-year FGN Bond = 16.50%
o Target/expected yield on 20-year FGN Bond, one year from
now = 15.50%
Base Case Outcome
Definition of Strategy Options & Base Case Scenario
o Our analysis indicates that, under the base case scenario,
the short-term strategy (Option 1) will result in a shortfall
of NGN29.02bn in portfolio value at the end of the
investment horizon on an invested capital of NGN10.00bn
o This translates to a loss of NGN1.22bn to the investors in
today’s terms. In other words, allocating NGN10bn to 1-
year T-bill now will result in an immediate wealth
destruction of 12.2% of the allocated capital.
o This can be described as the cost of short-sightedness
FV of Option 1, 20 yrs. from today (NGN) 209,266,151,208.90
FV of Option 2, 20 yrs. from today (NGN) 238,295,697,453.62
FV difference (NGN) -29,029,546,244.72
PV difference (Cost of short-sightedness) -1,218,215,291.12
PV Loss as % of Allocated Capital 12.18%
Footnote:
Analysis assumes that intermediate bond cash flows are re-invested at YTM
8. Evaluating Investment Strategy Options
8
o Our base estimate of loss from the short-term strategy assumes that the yield on the 20-year bond will drop by 100bps from 16.50% to
15.50% over the next 12 months
o However, the future outcome may not be exactly in line with our base case. Therefore, the eventual cost of the short-term strategy, if any,
depends on what the 20-year yield will be in one year’s time
o The key question is: how low can the 20-year yield drop over the next 1 year before the short-term strategy results in loss?
o The minimum target/expected 20-year yield in one year’s time that will not result in loss if the short-term strategy is implemented,
otherwise known as the break-even or indifference point, is estimated at 16.24%
o In other words, investors will not suffer any loss of wealth from the short-term strategy if the yield on the 20-year bond is at least 16.24% in
one year’s time
o For every expected basis point drop below this break-even point, the investors suffer immediate wealth loss of 0.18% of the capital
allocated to the short-term strategy
Sensitivity of The Short-Term Strategy Outcome to The Expected 20-yr Yield in One Year’s Time
Break-Even or Indifference Point Analysis
Target 20-yr Yield in 1
year’s time
FV Difference (NGN) PV Difference (NGN)
PV Diff. as % of
Allocated Capital
15.00% - 46,709,581,584.76 - 1,960,152,117.05 -19.60%
15.10% - 43,294,108,246.64 - 1,816,822,909.91 -18.17%
15.20% - 39,819,376,155.76 - 1,671,006,928.84 -16.71%
15.30% - 36,284,385,423.58 - 1,522,662,213.85 -15.23%
15.40% - 32,688,119,766.46 - 1,371,746,116.94 -13.72%
15.50% - 29,029,546,244.72 - 1,218,215,291.12 -12.18%
15.60% - 25,307,614,997.49 - 1,062,025,679.35 -10.62%
15.70% - 21,521,258,973.65 - 903,132,503.17 -9.03%
15.80% - 17,669,393,658.46 - 741,490,251.28 -7.41%
15.90% - 13,750,916,796.09 - 577,052,667.88 -5.77%
16.00% - 9,764,708,107.77 - 409,772,740.85 -4.10%
16.10% - 5,709,629,005.72 - 239,602,689.71 -2.40%
16.20% - 1,584,522,302.55 - 66,493,953.50 -0.66%
16.30% 2,611,788,083.72 109,602,821.69 1.10%
16.40% 6,880,497,429.25 288,737,795.22 2.89%
16.50% 11,222,820,508.54 470,961,944.70 4.71%
16.60% 15,639,991,903.24 656,327,078.93 6.56%
16.70% 20,133,266,315.78 844,885,851.11 8.45%
16.80% 24,703,918,887.73 1,036,691,772.10 10.37%
16.90% 29,353,245,523.14 1,231,799,224.11 12.32%
17.00% 34,082,563,216.76 1,430,263,474.37 14.30%
(2.50)
(2.00)
(1.50)
(1.00)
(0.50)
-
0.50
1.00
1.50
2.00
PV Difference (NGN’bn)
Break-Even or
Indifference Point
Expected 20-yr Yield in 1 year’s time
9. Outline
9
Summary
•Executive summary
Background Information
•Yield Curve & Shift in Fixed Income Strategy
Evaluating Investment Strategy Options
•Strategy Options, Base Case Assumptions and Results
•Break-Even or Indifference Point Analysis
Additional Sensitivity Analysis
•Break-Even or Indifference Curve
•Impact of Investment Horizon on Strategy Outcomes
Investment Policy Implications
I.
II.
III.
IV.
V.
10. Additional Sensitivity Analysis
o The indifference curve indicates the different combinations of
Today’s 20-year yield and expected 20-yr yield in one year’s
time that will give the same performance results for both the
short-term and the long-term strategies
o In other words, along the indifference curve (highlighted in
blue), it does not matter the strategy option that is
implemented as both will result in exact same performance
o For example, a combination of today’s 20-yr yield of 16.50%
and expected future 20-yr yield of 16.24% (as shown in our
base case analysis) gives the investment manager a free choice
between the two strategy options without any consequential
loss to investors. However, any option off the indifference
curve will favour one strategy over the other in terms of
performance outcomes.
o Specifically, any combination in the triangular area above the
indifference curve (i.e. the area bounded by the green broken
lines) will be in favour of the short-term strategy while any
combination in the triangular area below the indifference
curve (i.e. area bounded by red broken lines) will be
detrimental for the short term strategy
Strategy Indifference Curve
Break-Even or Indifference Curve
13.0%
13.5%
14.0%
14.5%
15.0%
15.5%
16.0%
16.5%
17.0%
13.5% 14.0% 14.5% 15.0% 15.5% 16.0% 16.5% 17.0%
Today’s 20-yr Yield (%)
14.0 14.1 14.2 14.3 14.4 14.5 14.6 14.7 14.8 14.9 15.0 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 15.9 16.0 16.1 16.2 16.3 16.4 16.5 16.6 16.7 16.8 16.9 17.0
Break-Even 20-yr Yield in One
Year’s Time (%) 13.6 13.7 13.8 13.9 14.0 14.1 14.2 14.3 14.5 14.6 14.7 14.8 14.9 15.0 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 15.9 16.0 16.1 16.2 16.3 16.4 16.6 16.7 16.8
The Short-term strategy
wins here
The Short-term strategy
loses here
Possible Today’s 20-yr Yields and The Corresponding Break-Even Expected 20-yr Yield in One Year’s Time
Today’s 20-yr Yield
Expected 20-yr Yield in One Year’s Time
o Given our base case target 20-year yield of 15.50% in one year’s time and today’s 1-yr yield of 21.54%, abandoning the short-term
strategy is only viable if the current 20-year yield does not drop below 15.80%. This means that our estimate of the fair yield for 20-yr
bond in today’s market is 15.80%
11. -14.0%
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
0 5 10 15 20
Additional Sensitivity Analysis
o Given that our analysis so far has been done using investment
horizon of 20 years, it is beneficial to see how the short-term
strategy performs under different investment horizons
o For this purpose, we retain the parameters of our base case
scenario except for the investment horizon
o Our analysis reveals the following:
- As it will be expected, the short-term strategy becomes
less viable as the investment horizon increases
- Specifically, the short-term strategy is only viable for
investment horizon of 5 years or below
- For every extra year added to the investment horizon
beyond 5 years, investors will lose approx. 0.87% of their
invested capital in today’s terms
- Also, the longer the investment horizon, the higher the
target future long-term yield that will be required to
maintain the viability of the short-term strategy.
However, the rate of increase in the target future break-
even long-term yield diminishes as investment horizon
increases
Sensitivity of Strategy Gain/Loss to Investment Horizon
Impact of Investment Horizon on Strategy Outcomes
Line Slope est. @ -0.87%
Investment Horizon (yrs.)
PV of Strategy Gain/(Loss) as % of Allocated Capital
11.0%
12.0%
13.0%
14.0%
15.0%
16.0%
17.0%
0 5 10 15 20
Target Future Long-term Yield to Break Even
Investment Horizon (yrs.)
Sensitivity of Required LT Yield to Investment Horizon
12. Outline
12
Summary
•Executive summary
Background Information
•Yield Curve & Shift in Fixed Income Strategy
Evaluating Investment Strategy Options
•Strategy Options, Base Case Assumptions and Results
•Break-Even or Indifference Point Analysis
Additional Sensitivity Analysis
•Break-Even or Indifference Curve
•Impact of Investment Horizon on Strategy Outcomes
Investment Policy Implications
I.
II.
III.
IV.
V.
13. Investment Policy Implications
o To improve investment decisions over time, it is important that portfolio performances are evaluated against benchmarks
o While a lot has been said about the difficulties of constructing portfolio benchmarks in Nigeria, a paper portfolio based on the
strategic or long-term asset allocation should be created and maintained to serve as the benchmark for evaluating actual portfolio
performance
o Also, it is important that perceived short-term opportunities, such as the inverted yield curve, are adequately evaluated and
simulated against long-term capital market expectations before any tactical deviation from the long-term asset allocation is
implemented. Put differently, there must be internal consistency between tactical allocation decisions and long-term market
expectations. For example, the tactical decision by PFAs to increase allocation to short-term securities because of the steeply
inverted yield curve will only turn out viable if the yield on 20-year security prints above 16.24% in one year’s time (as noted in
our base case analysis). Therefore, if the fund managers believe that 20-year yield will be lower than 16.24% in one year’s time,
then the tactical decision to increase allocation to short-term securities should not be implemented
o Given the prevailing high interest rate environment and the long-term nature of pension fund obligations, we believe short-term
securities should be used mainly for liquidity management. The high interest rate environment should rather serve as an
opportunity to lock in high yield on long-term securities regardless of the inverted yield curve
o Recognising that market limitations and portfolio size pose major difficulties in portfolio reallocation, we believe the reallocation
process can be gradual. Our recommendation is to invest all fresh funds, after making provision for near-term liquidity
requirement, in long-term securities. This to be followed by reinvesting maturing short-term securities in long-dated securities
o Over time, the pension funds can attain an FI asset allocation that maximises investors’ wealth over the long term
14. Disclaimer
We make no representation in relation to the accuracy, completeness or reliability of the information contained in this document. This
document is only intended to facilitate public discussion on the optimal FI investment strategies of long term investors such as
pension funds under the prevailing interest rate environment in Nigeria; it must not be taken as an investment advice or
recommendation. We will not accept liability for any loss incurred directly or indirectly by relying on the contents of this report.