This document provides information on the DSP Silver ETF fund. It discusses the key drivers of silver prices, including industrial demand which accounts for around 48% of total demand. Supply is largely from mine production as a byproduct of other metal mining. Demand is higher than supply. The document also notes that silver has low correlation to equity and debt markets, making it a diversification option. Silver is seen as benefiting from growth in technologies like solar panels, batteries for electric vehicles, and as a store of value during periods of economic uncertainty or low interest rates. Charts show that silver has historically outperformed gold during economic expansions. The fund managers and objectives of the DSP Silver ETF fund are also summarized.
The best stock broker and share broker in India, Rudra Shares & Stock Brokers Ltd. is member of all the leading Equity & commodity exchanges in india, dealing in stocks, shares, commodity & currency serving clientele in 18 states through 175 business partners.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index depreciated by 0.29% to close at 29,052.87bps. All sectorial indices monitored by the exchange showed mixed performance. Portpaint, Dangcem and Oando appreciated by 4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%), Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK, NSECNSM and NSEINS shed points.
Investor presentation delivered by Silver Lake Resources' Managing Director Les Davis at the Gold Investment Symposium in Sydney, 8th and 9th October 2014
The best stock broker and share broker in India, Rudra Shares & Stock Brokers Ltd. is member of all the leading Equity & commodity exchanges in india, dealing in stocks, shares, commodity & currency serving clientele in 18 states through 175 business partners.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index depreciated by 0.29% to close at 29,052.87bps. All sectorial indices monitored by the exchange showed mixed performance. Portpaint, Dangcem and Oando appreciated by 4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%), Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK, NSECNSM and NSEINS shed points.
Investor presentation delivered by Silver Lake Resources' Managing Director Les Davis at the Gold Investment Symposium in Sydney, 8th and 9th October 2014
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Techno Funda Note on Gold: Assume buy position for a target of 28200IndiaNotes.com
Recommendation
Investors can take long term fundamental Buy position in Gold (Apr) at current prices for the target of 28200 with stop loss of closing below 27000.
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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.
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Stock Recommendation: Buy Sesa Sterlite with SOTP target price of Rs260IndiaNotes.com
Sesa Sterlite Ltd (SSLT), a Vedanta Group company is one of the world's largest global diversified natural resource major, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminum and commercial power. It has a portfolio of world class assets in India, Australia, Namibia, South Africa, Sri Lanka and Ireland. SSLT is the largest aluminum producer in India with integrated power and strategically located large-scale assets. SSLT have one of the most efficient custom copper smelters in the world.
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Recommendation
Investors can take long term fundamental Buy position in Gold (Apr) at current prices for the target of 28200 with stop loss of closing below 27000.
ICICI Prudential Strategic Metal and Energy Equity Fund of Fundiciciprumf
Energise your portfolio with a global opportunity to grow. The ICICI Prudential Strategic Metal and Energy Equity Fund of Fund allows you to invest in gold and oil that push growth for many nations. To know more, read the brochure.
An asset coveted all over the world, investing in gold can potentially hedge and generate better returns in the current market scenario. Check out the PDF for more.
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
Stock Recommendation: Buy Sesa Sterlite with SOTP target price of Rs260IndiaNotes.com
Sesa Sterlite Ltd (SSLT), a Vedanta Group company is one of the world's largest global diversified natural resource major, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminum and commercial power. It has a portfolio of world class assets in India, Australia, Namibia, South Africa, Sri Lanka and Ireland. SSLT is the largest aluminum producer in India with integrated power and strategically located large-scale assets. SSLT have one of the most efficient custom copper smelters in the world.
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
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.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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
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How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
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.
1. [Title to come]
[Sub-Title to come]
Strictly for Intended Recipients Only
Date
* DSP India Fund is the Company incorporated in Mauritius, under which ILSF is the corresponding share class
December 2020
DSP Silver ETF
#INVESTFORGOOD
| People | Processes | Performance |
An open ended exchange traded fund replicating/tracking domestic prices of silver
2. 2
Drivers of Silver – not just precious but useful!
Industrial
Demand
~48%
Store of Value
in low interest rate
periods &
Geopolitical
uncertainty
Diversification
Low correlation
with equity and
debt
Source: Silver Institute , Data as on 2022
3. 3
Supply Demand Dynamics
Supply
1005 million Oz
Mine
production
82%
Primary
silver
28%
Lead/Zinc
30%
Copper
26%
Gold &
others
16%
Recycling
18%
Industrial
48%
Physical
investment
25%
Jewellery &
silverware
27%
Demand
1242 million Oz
Electronics
67%
Photovoltaics
25%
Others
8%
Bulk of silver production comes as by-product of
mining other metals.
Source: Silver Institute , Data as on 2022
Demand for silver is higher than the supply and
mainly driven by industrial, investment and
jewellery
Silver supply is likely to be limited as it depends on mine production capacities however
there is a potential for demand to increase due to its application in new age technologies.
4. 4
Silver post Recession
Source: Bloomberg , Data as on June 2023
With terror around US recession easing, it’s likelihood has come down from 35% to 25%.
This builds a positive case for the surge in silver prices remaining relatively stable
0
5
10
15
20
25
30
35
40
Jun-81
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Jun-01
Jun-03
Jun-05
Jun-07
Jun-09
Jun-11
Jun-13
Jun-15
Jun-17
Jun-19
Jun-21
Jun-23
US Recession Silver Price (USD)
5. 5
Silver outperforms when economy expands
In instances of rising growth driven by higher manufacturing activity, silver tends to outperform
gold. Clearly, the usage of silver as an industrial metal bolsters demand for silver.
In the last 8 years, precious metals' performance has been sideways, building the case for
betting on silver as a contra trade
35
40
45
50
55
60
0.01
0.012
0.014
0.016
0.018
0.02
0.022
0.024
Dec-91
Jun-93
Dec-94
Jun-96
Dec-97
Jun-99
Dec-00
Jun-02
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Dec-06
Jun-08
Dec-09
Jun-11
Dec-12
Jun-14
Dec-15
Jun-17
Dec-18
Jun-20
Dec-21
Jun-23
Silver/Gold Ratio- 4QMA US PMI- 4QMA
Source: Bloomberg , Data as on June 2023
6. 6
Case for NOBLE METAL in GREEN revolution
Photovoltaics cells (Solar) account for ~22% of the
total Industrial demand of Silver today which has
the potential to increase significantly as world
turns to green energy
Silver is largely consumed in the main electrical
connector material in the battery packs and the
control modules
~25-50 g of Silver is used per vehicle
Source: BloombergNEF. Data as on 30th June 2023
SILVER HAS THE BEST THERMAL & ELECTRICAL CONDUCTIVITY OF ALL OTHER METALS
Forecast suggests demand to for EV sales and solar capacity and to increase by ~ 4 to 5 times by 2030!
0
10
20
30
40
50
60
70
80
Sales
Unit
in
Millions
EV Sales Forecast
0
1000
2000
3000
4000
5000
6000
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
PV Installations Forecast GW (cumulative)
7. 7
Play it through Silver
Source – Bloomberg ; Data for Silver prices in INR is available since Jan 2000 in Bloomberg. As on June 23.
Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments.
Periods of precious metals rally
Gold and Silver prices tend to move in tandem
however during precious metals rally, Silver tends
to outperform significantly compared to Gold
Currently, ratio
suggests that Silver
is undervalued
This ratio tracks the prices of these metals relative
to each other and can indicate when one is
potentially cheaper or more expensive than usual.
84.28
30
40
50
60
70
80
90
100
110
120
Jun-99
Jun-00
Jun-01
Jun-02
Jun-03
Jun-04
Jun-05
Jun-06
Jun-07
Jun-08
Jun-09
Jun-10
Jun-11
Jun-12
Jun-13
Jun-14
Jun-15
Jun-16
Jun-17
Jun-18
Jun-19
Jun-20
Jun-21
Jun-22
Jun-23
148%
74%
103%
16%
263%
328%
125%
20%
Apr 03 to Mar 08 Dec 08 to Apr 11 Dec 15 to Aug 20 Oct 22 to Jun 23
Gold Silver
8. 8
Performance details
Silver Gold Equity Debt
Std Deviation 28.6% 16.9% 21.9% 1.1%
Correlation 1.00 0.74 0.07 0.00
Source – Bloomberg ; Data as on 30th June 2023. Data for Silver prices in INR is available since Jan 2000 in Bloomberg. Nifty 50 TRI and CRISIL Year Tbill
Index considered as proxy for Equity & Debt respectively. All returns are CAGR
Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments.
• Silver has very low correlation with Equity and negative correlation with Debt makes it an alternate
precious metal with diversification benefits
• However silver has relatively higher volatility which may help informed investors an opportunity to gain
higher return with high risk
Median Rolling Returns Periodic Returns
1 Year 2 Year 3 Year 5 Year 10 Year
Since
2000
Silver 14.0% -2.0% 10.3% 10.9% 4.7% 9.0%
Gold 10.0% 9.5% 5.3% 12.8% 7.9% 11.2%
Equity 22.9% 11.8% 24.5% 13.7% 14.0% 12.5%
Debt 6.5% 4.7% 4.3% 5.7% 6.3% 6.2%
10.6%
13.1%
12.3%
11.7%
5.0%
12.1% 12.1%
8.3%
13.1% 13.2% 13.3%
6.1% 6.3%
5.8%
6.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
1 Year 3 Year 5 Year 10 Year
Gold Silver Equity Debt
9. 9
Passive Investment Team
Ravi Gehani
Fund Manager - Commodities
Over 7 years of experience in Commodity Trading, Price risk-Bullions, Product Development &
Operations
In the last role with Muthoot Exim Pvt Ltd; He was responsible to manage the price risk of the
bullion business, liaison with the bullion refiners and dealers for purchase and sale of gold and
silver for the Jewelry and coins business. He also was responsible in streamlining the branch
process of the scrap gold business. He worked with the product team in successfully launching
the Digital gold business. He was also tasked with the responsibility of creating and
implementing a hedging strategy that will help reduce the cost. Prior to that he has also worked
as a trader at Latin Manharlal Commodities responsible for analyzing the intraday price
movements and trading in Commodities basis the technical tools.
Portfolio Management / Dealing / Analysis
Aanchal Almal, CFA
(8)
Manager
Diipesh Shah
(19)
Vice President
Anil Ghelani, CFA
(20)
Head of Passive
Investments &
Products
Years in brackets () are years of investment or investment-related experience.
10. 10
Disclaimers
Disclaimers: This presentation / note is for information purposes only. It should not be construed as investment advice to any party. In this material DSP Asset
Managers Pvt. Ltd. (the AMC) has used information that is publicly available, including information developed in-house. Information gathered and used in this
material is believed to be from reliable sources. While utmost care has been exercised while preparing this document, the AMC nor any person connected does not
warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient(s)
before acting on any information herein should make his/their own investigation and seek appropriate professional advice. The statements contained herein may
include statements of future expectations and other forward looking statements that are based on prevailing market conditions / various other factors and involve
known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such
statements. Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments. Data provided
is as on June 30, 2023 (unless otherwise specified)
The figures pertain to performance of the index and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest directly in an
index. All opinions, figures, charts/graphs and data included in this presentation are as on date and are subject to change without notice. For complete details on
investment objective, investment strategy, asset allocation, scheme specific risk factors and more details, please read the Scheme Information Document, Statement
of Additional Information and Key Information Memorandum of respective scheme available on ISC of AMC and also available on www.dspim.com. There is no
assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes. The presentation indicates the strategy/investment
approach currently followed by the above mentioned Schemes and the same may change in future depending on market conditions and other factors. The
portfolio of the above schemes is subject to changes within the provisions of the Scheme Information document of the scheme. For index disclaimer click here. An
investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in
Clauses above and will be bound by it.
NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information
Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information
Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.
BSE Disclaimer: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been
cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID
for the full text of the Disclaimer clause of the BSE Limited
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
11. 11
DSP Silver ETF
(An open ended exchange
traded fund
replicating/tracking domestic
prices of silver)
This product is suitable
for investors who are
seeking*
•Portfolio diversification
through asset allocation.
•Silver exposure
through investment in
physical silver
Scheme
Benchmark
Domestic Price of Physical Silver (based on
London Bullion Market association (LBMA)
Silver daily spot fixing price.)
RISKOMETER
* Investors should consult their financial advisers if in doubt about whether the Scheme is suitable for them.
Product Labelling & Suitability