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.
“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.
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.
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.
We believe, as the RBI gains comfort with growth picking-up, the first nudge would be to move the short-term rates closer to the mid-point of the policy rate corridor.
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.
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.
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.
We believe, as the RBI gains comfort with growth picking-up, the first nudge would be to move the short-term rates closer to the mid-point of the policy rate corridor.
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.
Debt Valuation Index (July 2021) | ICICI Prudential Mutual Fundiciciprumf
We remain very cautious on duration as the interest rates are expected to remain volatile due to RBI normalizing liquidity conditions and upside risk to inflation due to economic recovery.
We believe valuations are not cheap, but business cycle remains in the nascent stage. Prefer middle-of-the-road approach and recommend investing in schemes with higher flexibility.
“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
We expect growth and inflation to come down which may provide further headroom to RBI to continue its accommodative stance. On the fiscal side, we are comfortable with Govt. taking measures to combat COVID-19 impact due to absence of private credit demand (No crowding-out
effect) Keeping the above in mind, we believe the near term appears to be bullish for bond markets. Hence, we have added duration across our
portfolios. Our tactical call seeks to benefit from our bullish view in the short term by taking tactical positions on the longer end of the yield curve. Hence, we believe that the best strategy may be to create a portfolio with maturity in the range of 2-5 years with combination of short term assets and long term assets. Focus should be on accumulating spread assets to give better carry to the portfolio with tactical exposure towards longer term assets to give the capital appreciation flavour.
ICICI Prudential - Value Discovery Fund Updateiciciprumf
1. Post the correction, valuations have turned reasonable and the scheme has begun deploying its cash into stocks and sectors which may provide a better upside in the coming years.
2. The scheme is well-positioned to handle extreme volatility, due to higher exposure towards stocks/sectors which are currently providing a high margin of safety and are more defensive.
3. We believe going forward, select growth stocks which have driven the markets in the last few years may underperform and value as a theme may outperform as these stocks are providing high margin of safety and better earnings visibility.
RBI reduced the Repo rate by 25 basis points to 6.25%
Reverse Repo rate stands adjusted to 6.00%
Marginal Standing Facility (MSF) rate and the Bank rate stands
adjusted to 6.50%
Cash Reserve Ratio (CRR) remains unchanged at 4%
Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
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
Global Markets posted gains in the month of April cheering the fiscal stimulus measures of Global Central Banks along with flattening of COVID-19 infection curve. Indian Markets (Nifty 50 Index) too ended in positive territory with 14.7% returns. A rebound in oil prices, encouraging early results from COVID-19 treatment trial and expectations of further stimulus measures by the governments contributedto the global market gains.
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
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
Interbank call money rates were mostly below the RBI’s repo rate of 6.50% during the month. However, some stress was witnessed in the rates on reversal of repo auctions conducted in earlier sessions and following outflows towards payment of goods and services tax (GST).
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.
Diversify into debt funds with ICICI Prudential Floating Interest Fund and aim to generate income by investing in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
Indian equity indices ended lower in May 2020 owing to
concerns about rise in domestic Covid-19 cases and extension of the nationwide lockdown. Benchmarks S&P BSE Sensex and Nifty 50 declined 3.84% and 2.84%, respectively in May 2020.
Our „VCTS‟ framework is currently indicating that, Valuations - are reasonable for long term investments, Cycle – Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve and vaccine development and Sentiments – around equity as an asset class is negative due to muted past returns and relatively low FPI flows. We recommend that it is a good time to accumulate equities and stay invested for long term across market cycles.
Debt Valuation Index (July 2021) | ICICI Prudential Mutual Fundiciciprumf
We remain very cautious on duration as the interest rates are expected to remain volatile due to RBI normalizing liquidity conditions and upside risk to inflation due to economic recovery.
We believe valuations are not cheap, but business cycle remains in the nascent stage. Prefer middle-of-the-road approach and recommend investing in schemes with higher flexibility.
“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
We expect growth and inflation to come down which may provide further headroom to RBI to continue its accommodative stance. On the fiscal side, we are comfortable with Govt. taking measures to combat COVID-19 impact due to absence of private credit demand (No crowding-out
effect) Keeping the above in mind, we believe the near term appears to be bullish for bond markets. Hence, we have added duration across our
portfolios. Our tactical call seeks to benefit from our bullish view in the short term by taking tactical positions on the longer end of the yield curve. Hence, we believe that the best strategy may be to create a portfolio with maturity in the range of 2-5 years with combination of short term assets and long term assets. Focus should be on accumulating spread assets to give better carry to the portfolio with tactical exposure towards longer term assets to give the capital appreciation flavour.
ICICI Prudential - Value Discovery Fund Updateiciciprumf
1. Post the correction, valuations have turned reasonable and the scheme has begun deploying its cash into stocks and sectors which may provide a better upside in the coming years.
2. The scheme is well-positioned to handle extreme volatility, due to higher exposure towards stocks/sectors which are currently providing a high margin of safety and are more defensive.
3. We believe going forward, select growth stocks which have driven the markets in the last few years may underperform and value as a theme may outperform as these stocks are providing high margin of safety and better earnings visibility.
RBI reduced the Repo rate by 25 basis points to 6.25%
Reverse Repo rate stands adjusted to 6.00%
Marginal Standing Facility (MSF) rate and the Bank rate stands
adjusted to 6.50%
Cash Reserve Ratio (CRR) remains unchanged at 4%
Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
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
Global Markets posted gains in the month of April cheering the fiscal stimulus measures of Global Central Banks along with flattening of COVID-19 infection curve. Indian Markets (Nifty 50 Index) too ended in positive territory with 14.7% returns. A rebound in oil prices, encouraging early results from COVID-19 treatment trial and expectations of further stimulus measures by the governments contributedto the global market gains.
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
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
Interbank call money rates were mostly below the RBI’s repo rate of 6.50% during the month. However, some stress was witnessed in the rates on reversal of repo auctions conducted in earlier sessions and following outflows towards payment of goods and services tax (GST).
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.
Diversify into debt funds with ICICI Prudential Floating Interest Fund and aim to generate income by investing in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
Indian equity indices ended lower in May 2020 owing to
concerns about rise in domestic Covid-19 cases and extension of the nationwide lockdown. Benchmarks S&P BSE Sensex and Nifty 50 declined 3.84% and 2.84%, respectively in May 2020.
Our „VCTS‟ framework is currently indicating that, Valuations - are reasonable for long term investments, Cycle – Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve and vaccine development and Sentiments – around equity as an asset class is negative due to muted past returns and relatively low FPI flows. We recommend that it is a good time to accumulate equities and stay invested for long term across market cycles.
We believe that the divergence between Value and Growth stocks continues to prevail, & that volatility is a factor which is inherent in equity as an asset class.
We believe that the divergence between Value & Growth stocks continues to prevail. Currently, fundamentally sound value stocks are available at inexpensive valuations & have better earnings visibility. Read our Equity Update for August 2020
Valuations are not cheap, Business Cycle remains in the nascent stage. We believe, the current macro-economic scenario is much more conducive for a Business Cycle Recovery due to Global and domestic policy response.
Indian equities surged in the month of March in a catch-up rally after months of range-bound trading on the back of easing inflation giving rise to expectation of lower interest rates, strengthening rupee and record foreign investor flows. Indian equities rose by 7.8 per cent during the month.
Read the full document to know more.
Government’s release of Rs 86.55 billion to certain
banks for preferential allotment of shares, hopes of more reform
measures by the government in the upcoming Budget, and
sustained inflows from the foreign institutional investors (FIIs)
augured well for the local indices.
Read the full document to know more.
Indian equities ended a very volatile month of February down 1.1% from the previous month on account of the Interim Budget, a preemptive military strike by India, slow recovery in earnings growth over the last two quarters, buzz around general elections, and receding tensions between US and China.
Read the full document to know more.
The Nifty 50 Index was up by 1.1%. The positive returns of the index hides the heightened volatility witnessed in the month
of April. This was reflected in India NSE volatility index which spiked by ~27%. The outcome of the ongoing general
elections, concerns around oil prices and global geo-political developments mainly weighed on the investor sentiments.
Read the full document to know more.
Indian Equity Markets (Nifty 50 Index) inched higher (+1.5%) during the month outperforming its emerging market peers.
New set of positive reforms by the government on domestic front and expectations of resolution of US-China trade war on
the global front were the major contributing factors which lifted sentiments.
Read the full document to know more.
Interim Budget 2019, presented on Feb 1, held a few good surprises for the farmer community and the salaried classes but was largely in line with market expectations. Markets, which had already ended January 2019 on a flat note (up 0.5% for the month), remained largely unaffected by the Budget announcements. Read the document to know more.
We believe that volatility is expected to prevail as the world comes to terms with the evolving COVID-19 situation & its economic fallout. Investors must embrace volatility & be cognizant of their asset allocation while invest.
This summer, gauge the temperature of global and domestic markets with ICICI Prudential Equity Market Update. Read on to get a thorough understanding of global and domestic equity market to help you navigate your equity investments.
#ICICIPrudentialMutualFund #Equity #Investments #MutualFunds
Indian equity indices remained in the
positive terrain for the second consecutive month in October
2019, amid hopes of tax realignment on equities, foreign inflows
and upbeat global cues. The benchmark S&P BSE Sensex hit the
intraday record high of 40,392 on October 31, 2019. The S&P
BSE Sensex and Nifty 50 ended the month with around 4%
gains each.
Read the full document to know more.
October 2018 saw the Indian markets tumble by about 5 per cent, in a month that saw heavy volatility in the equity markets owing to on-going concerns regarding weakening currency, rising crude oil prices, widening fiscal deficit, along with muted earnings performance and the liquidity crunch-woes in the NBFC sector.
Key Takeaways:
- Overview of the FSR
- Global Macro Financial Developments
- Economic Growth and Financial Conditions in India
- Performance of Scheduled Commercial Banks
Does your portfolio have a blend of reasonable stability and potential growth?
Just as how a Sturdy Suspension and Powerful Engine together contribute to a smoother car ride, investing in a combination of Large and Mid cap stocks can offer the best of both worlds – Reasonable Stability + Potential Growth.
Know more: https://bit.ly/3UuS9x8
#ICICIPrudentialMutualFund #LargeCapFund #MidCapFund #MutualFunds #Investment
The rising sun of 2024 brings new hope for global markets! This sun shines a little brighter on the Indian economy as it gets off the tag of a 'fragile economy' to emerge as a robust one. The world economy is headed towards a 'Paradigm Shift' with India leading the way.
Explore this shift further with our Annual Outlook Report 2024!
#ICICIPrudentialMutualFund #AnnualOutlook #ETF
Equity Valuations Perspective | January 2024iciciprumf
Navigate Equity Markets better through our VCTS (Valuations, Cycle, Triggers and Sentiments) framework. The document below highlights the impact of various dynamic variables on the equity market across time periods. Read on to know more!”
#ICICIPrudentialMutualFund #Equity #Investments #MutualFunds
Stepping into 2024 with resilience and foresight!
New year has begun with a Paradigm Shift in trends of global and domestic macros.
While the global economies remain fragile, the Indian economy emerges as robust, defying the label of a fragile economy.
Explore the 2024 Outlook for insights on this Paradigm Shift!
#ICICIPrudentialMutualFund #MutualFunds #Investments #NewYear #2024
While there is some decline in China, there are positive market situations for India. What does that mean for an investor like you? See in December's Monthly Market Outlook here.
#ICICIPrudentialMutualFund #Investment #December2023 #MonthlyMarketOutlook #MutualFunds
Amidst global tensions, the global economies might be taking the strain but Indian economy continues the Goldilocks streak. Take a holistic view at what that might mean for you as an investor with the Monthly Market Outlook.
#ICICIPrudentialMutualFund #MonthlyMarketOutlook
ICICI Prudential Equity Valuation Index | Nov 2023 iciciprumf
Our latest Equity Valuation Index remains in the Neutral Index even after market corrections. But how do you smartly navigate through the market's volatility? Allocating your funds across different classes may help you. Have a look to understand better!
#ICICIPrudentialMutuaFund #Equity #EquityValuationIndex #Market #Investments
How can we prepare for the mood of the market? Use micro indicators for a comprehensive look at the market in this month's Market Outlook!
#ICICIPrudentialMutualFund #MonthlyMarketOutlook #October #Investment #MutualFunds
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.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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.
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
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.
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
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 can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@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
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. April 2020
Global Markets Mar-20
(%)
Current
PE
10 Yr
Average
US (13.7) 15.5 15.7
UK (13.8) 15.8 17.4
Japan (10.5) 16.0 19.8
Hong Kong (9.7) 9.4 10.9
Singapore (17.6) 9.5 12.2
China (6.9) 7.4 8.5
Domestic Markets Mar - 20
(%)
Current
PE
10 Yr
Average
S&P BSE Sensex (23.1) 17.81 20.0
NSE Nifty (23.2) 19.38 20.3
S&P BSE Auto (31.0) 16.6 18.4
S&P BSE Bankex (34.0) 16.8 17.3
S&P BSE Capital Goods (28.7) 15.7 28.6
S&P BSE Consumer
Durables (26.0) 33.7 30.6
S&P BSE FMCG (6.5) 27.1 39.2
S&P BSE Healthcare (9.9) 25.7 28.3
S&P BSE IT (14.3) 15.0 19.7
S&P BSE Metals (30.7) 5.3 12.3
S&P BSE Mid Cap (27.6) 20.5 23.8
S&P BSE Oil & Gas (20.6) 7.3 12.1
S&P BSE PSU (24.2) 7.2 13.3
S&P BSE Realty (36.3) 17.1 24.0
US Economy: The US’ Federal Reserve System slashed its benchmark interest
rate to 0-0.25% and launched a $700 billion stimulus programme in a bid to
protect the economy from the effect of Covid-19. The central bank also
announced new lending programmes worth $300 billion to support the financial
markets.
Eurozone: The European Central Bank (ECB) launched a new Pandemic
Emergency Purchase Programme to counter the risk caused to the euro area by
the Covid-19 outbreak. The bank will buy up to €750 billion ($820 billion) in
government and private sector bonds and left the rate on the main refinancing
operations at a record low of 0%.
UK: The Bank of England (BoE) reduced interest rates by 65 basis taking the
rates to their lowest ever at 0.1%. The central bank also added 200 billion
pounds ($239 billion) to its quantitative-easing target, raising it to 645 billion
pounds to lessen the economic fallout of the Covid-19 pandemic.
Japan: The BoJ pledged to buy 200 billion yen ($1.90 billion) of 5-10-year
Japanese government bonds and also injected an additional 1.5 trillion yen in
two-week loans. Japan also announced a second package of measures worth
about $4 billion in spending to cope with the fallout of the Covid-19 outbreak.
China: The People's Bank of China (PBoC) launched a 50 billion yuan reverse
repurchase operation and lowered the seven-day reverse repurchase rate from
2.40% to 2.20%. Effective from March 16, 2020, the central bank cuts reserve
requirement ratio (RRR) by 50-100 bps for qualifying banks. The new RRR cuts
will release a combined 550 billion yuan ($79 billion) of long-term funds.
Index Performance: Indian equity indices S&P BSE Sensex and Nifty 50
tanked 23% each in March 2020 due to worries about rapid spread of Covid-
19 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.
Domestic Developments:
Headwinds:
The domestic indices fell sharply owing to concerns that the 21-day
nationwide shutdown announced by the Indian government to prevent the
spread of the epidemic in the country will have serious economic fallout.
Several agencies, including CRISIL, Moody's Investors Service and Fitch, have
slashed India’s the growth forecast after the announcement of the lockdown.
The lockdown announcement came even as crisis at a large domestic private
sector bank had already dented the market sentiment. Selling by foreign
institutional investors (FIIs) also contributed to the market decline.
Tailwinds:
Steeper losses were, however, prevented after the government unveiled a Rs
1.70 trillion package and the Reserve Bank of India (RBI) cut its repo rate by
75 basis points to 4.4%. The central bank also announced several other
measures to ease the impact of lockdown on the financial markets. Bargain
hunting after the decline and buying by the domestic institutional investors
(DIIs) also aided the market.
EQUITY UPDATE
Data Source: Crisil Research; * Data till Mar 31, 2020;
Data Source: Crisil Research; * Data till Mar 31, 2020, PE- Price to Earnings
Indian Market Update
Global Market Update
2. Indian Market Update
Earnings Growth (%) FY19 FY20E FY21E
Sensex 18.8 14.5 21.5
Macro Indicators Latest
Update
Previous
Update
GDP (YoY%) 4.7%
(3QFY20)
4.5%
(2QFY20)
IIP (YoY%) 2% (Jan) -0.3% (Dec)
Crude ($ bbl) 22.74 (Mar 31) 50.52 (Feb 28)
Core Sector Growth
(YoY%)
5.0
(Feb 2020)
2.2
(Jan 2020)
Trade Deficit ($ mn) -9,850
(Feb 2020)
-15,170
(Jan 2020)
Current Account Deficit
($ bn)
-1.4
(3QFY20)
-6.3
(2QFY20)
FII Holding in Indian
Equities (%)#
22.2
(3QFY20)
22.0
(2QFY20)
Flows Mar - 20 Feb - 20 Jan - 20
FIIs (Net Purchases /
Sales) (Rs cr)
-61,973 1,820 12,123
MFs (Net Purchases /
Sales) (Rs cr)
25,743 9,863 1,384
Note: # FII hldg includes ADR/GDR (BSE500 Index); Data Source: Crisil Research; * Data till Mar 31, 2020; CAD: Current Account Deficit; GDP: Gross Domestic Product, IIP: India Industrial
Production FII: Foreign Institutional Investors; MF-Mutual Fund; E- Estimate
Outlook & Triggers
Global Markets ended on a sombre note in March as the world grappled with the widening spread of COVID-19. Indian Markets (Nifty 50
Index) witnessed a sharp decline of 23.2% - a large monthly decline since the Global Financial Crisis. In a bid to contain the spread of
COVID-19, many countries announced lockdowns bringing economies to a grinding halt and raising concerns of severe slowdown. This
led to further negative sentiments and risk aversion across asset classes.
India too saw a steep rise in the number of COVID-19 cases. As a measure to further prevent the spread of COVID-19, the Government of
India too ordered a complete nationwide lockdown for 21 days starting March 25 leading to a sharp sell-off in Indian markets. The
decision of a complete lockdown spooked FIIs and resulted in an outflow of ~61,972 Crs.
Defensive sectors like Consumer Staples and Healthcare did well while high beta sectors like Financials and Industrials underperformed.
(Source: NSE)*
In what can be called as an integrated effort to support growth, Global Central Banks announced a series of fiscal and monetary stimulus
measures. The US Federal Reserve cut interest rates twice and announced US$2tn stimulus package, the BoE too cut rates and
announced a new round of QE worth GBP 200bn. On the domestic front, the RBI too came up with measures ranging from policy rate
cut, CRR cut to regulatory forbearance to mitigate the impact of lockdown on economy. The MPC cut policy rates by 75 bps to 4.4%.
The RBI also cut CRR ratio from 4% to 3% for a year. The Finance Minister too announced several measures like cash transfers, free food
grain, gas cylinders and interest free loans.
The Indian economy continues to see some green shoots despite global tensions and we believe India is better placed in terms of
fundamentals than previous crisis. Headline CPI eased to 6.6% in February Vs. 7.6% in January. Composite PMI in February rose to 57.6.
January IIP came in at +2% up from -1.8% in December-19. India’s monthly trade deficit too decreased to $9.9bn in February from
$15.2bn in January.
Global Developments:
Intermittent gains in the global equities after the US government announced a
$2.2 trillion stimulus package to soften the economic blow of Covid-19
outbreak also supported the local indices. Measures announced by the
international agencies and global central banks, including the US Federal
Reserve, also helped the markets pare the losses.
Sectoral Impact:
All the S&P BSE sectoral indices nosedived in March 2020. Realty, banking
and finance counters witnessed heavy selling pressure. The S&P BSE Realty
Index, S&P BSE Bankex and S&P BSE Finance Index plunged 36%, 34% and
33%, respectively. The S&P BSE Auto Index and S&P BSE Metal index
declined 31%, each. Defensive counters such as fast moving consumer goods
(FMCG), healthcare and information technology (IT) fell the least. The S&P
BSE FMCG index, S&P BSE Healthcare index and S&P BSE IT index declined
6%, 10% and 14%, respectively.
3. Equity valuation index is calculated by assigning equal weights to Price to Earnings (PE), Price to book (PB), G-Sec*PE and Market Cap to Gross
Domestic Product (GDP)
Our Recommendation
Our Recommendations – Equity Schemes
Pure Equity
Schemes
ICICI Prudential Bluechip Fund
ICICI Prudential Multicap Fund
These Schemes aim to generate capital appreciation through
participation in equities.
Long-Term SIP
Schemes
ICICI Prudential Value Discovery Fund
ICICI Prudential Smallcap Fund
ICICI Prudential Midcap Fund
ICICI Prudential Large & Mid Cap Fund
ICICI Prudential India Opportunities Fund
These schemes aim to generate long term wealth creation over a full
market cycle.
Asset Allocation
Schemes
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Equity & Debt Fund
ICICI Prudential Multi-Asset Fund
ICICI Prudential Equity Savings Fund
ICICI Prudential Regular Savings Fund
ICICI Prudential Asset Allocator Fund (FOF)
These schemes aim to benefit from volatility and can be suitable for
investors aiming to participate in equities with low volatility.
None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the investors are requested to consult their financial advisors.
50
70
90
110
130
150
170
Mar-06
Mar-07
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Mar-13
Mar-14
Mar-15
Mar-16
Mar-17
Mar-18
Mar-19
Mar-20
Invest in Equities
Aggressively invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
78.9
Our ‘VCTS’ framework suggests that post the recent intense sell-off, Valuations - have become very attractive, Cycle - we are at the
bottom of the business cycle and Sentiments – around equity as an asset class is extremely negative due to muted past returns and
massive FII outflows. Trigger – Covid-19 spread curve flattening and domestic economic growth trajectory. We believe the market has
stepped in an oversold zone and is providing a good margin of safety. Hence, we recommend investing in equities aggressively at this
juncture.
We believe that the divergence between Value and Growth stocks continues to prevail with select Megacaps still in the bubble zone.
Currently, fundamentally sound value stocks are available at inexpensive valuations, providing good dividend yield and have better
earnings visibility. Hence, we recommend investors to take exposure to schemes with Value bias – ICICI Prudential Value Discovery
Fund and Special Situation theme – ICICI Prudential India Opportunities Fund.
We also believe that volatility is inherent to equities which need to be kept in mind while investing. As an investor, one must embrace
volatility and be cognizant of their own asset allocation while investing. We continue to recommend Dynamic Asset Allocation schemes
which aim to benefit from volatility by reducing the overall cyclicality of the portfolio. Small, midcaps and value oriented stocks over the
next few years is recommended for lumpsum investment for patient long term investors.
Equity Valuation Index
4. ICICI Prudential Bluechip Fund is suitable for investors who are seeking*(An open ended equity scheme predominantly
investing in large cap stocks):
Long term wealth creation
An open ended equity scheme predominantly investing in large cap stocks.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Large & Mid Cap Fund is suitable for investors who are seeking**(An open ended equity scheme investing
in both large cap and mid cap stocks):
Long term wealth creation
An open ended equity scheme investing in both large cap and mid cap stocks
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Value Discovery Fund is suitable for investors who are seeking*( An open ended equity scheme following a
value investment strategy):
Long term wealth creation
An open ended equity scheme following a value investment strategy.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Equity & Debt Fund is suitable for investors who are seeking*(An open ended hybrid scheme investing
predominantly in equity and equity related instruments):
Long term wealth creation solution
A balanced fund aiming for long term capital appreciation and current income by investing in equity as well as
fixed income securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Balanced Advantage Fund is suitable for investors who are seeking*(An open ended dynamic asset
allocation fund):
Long term wealth creation solution
An equity fund that aims for growth by investing in equity and derivatives.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Multicap Fund is suitable for investors who are seeking*(An open ended equity scheme investing across
large cap, mid cap, small cap stocks):
Long term wealth creation
An open ended equity scheme investing across largecap, mid cap and small cap stocks.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Equity Savings Fund is suitable for investors who are seeking*(An open ended scheme investing in equity,
arbitrage and debt):
Long term wealth creation
An Open ended scheme that seeks to generate regular income through investments in fixed income securities,
arbitrage and other derivative strategies and aim for long term capital appreciation by investing in equity and
equity related instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Multi-Asset Fund is suitable for investors who are seeking*(An open ended scheme investing in Equity,
Debt and Exchange Traded Commodity Derivatives/ Units of Gold ETFs/units of REITs & InvITs/Preference Shares):
• Long term wealth creation
• An open ended scheme investing across asset classes.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Regular Savings Fund is suitable for investors who are seeking*(An open ended hybrid scheme investing
predominantly in debt instruments):
Medium to Long term regular income solution
A hybrid fund that aims to generate regular income through investments primarily in debt and money market
instruments and long term capital appreciation by investing a portion in equity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Riskometers
5. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
In preparation of the material contained in this document, ICICI Prudential Asset Management Company Limited (the AMC) has used information that is publicly
available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the
AMC and/or its affiliates and which may have been made available to the AMC and/or to its affiliates. Information gathered and material used in this document
is believed to be from reliable sources. The AMC, however, does not warrant the accuracy, reasonableness and / or completeness of any information. We have
included statements / opinions / recommendations in this document, which contain words, or phrases such as “will”, “expect”, “should”, “believe” and similar
expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward
looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic
and political conditions in India and other countries globally, which have an impact on our services and / or investments, the monetary and interest policies of
India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices etc. The AMC (including its
affiliates), the Mutual Fund, the trust and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of any nature, including
but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any
manner. The recipient alone shall be fully responsible/are liable for any decision taken on this material. All figures and other data given in this document are
dated and the same may or may not be relevant in future. The information contained herein should not be construed as a forecast or promise nor should it be
considered as an investment advice. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other
financial implication or consequence of subscribing to the units of ICICI Prudential Mutual Fund. The sector(s)/stock(s) mentioned in this communication do not
constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future position in these sector(s)/stock(s). Past
performance may or may not be sustained in the future. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information
document of the scheme. Please refer to the SID for more details.
The information contained herein is only for the purpose of information and not for distribution and do not constitute an offer to buy or sell or solicitation of any
offer to buy or sell any securities or financial instruments in the United States of America ("US") and/or Canada or for the benefit of US persons (being persons
falling within the definition of the term "US Person" under the US Securities Act, 1933, as amended) or persons residing in Canada.
ICICI Prudential Midcap Fund is suitable for investors who are seeking*(An open ended equity scheme predominantly
investing in mid cap stocks):
Long term wealth creation
An open-ended equity scheme that aims for capital appreciation by investing in diversified mid cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Smallcap Fund is suitable for investors who are seeking*(An open ended equity scheme predominantly
investing in small cap stocks):
Long term wealth creation
An open ended equity scheme that seeks to generate capital appreciation by predominantly investing in equity
and equity related securities of small cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Asset Allocator Fund (FOF) is suitable for investors who are seeking*(An open ended fund of funds scheme
investing in equity oriented schemes, debt oriented schemes and gold ETFs/schemes) *Investors may please note that they will be
bearing the recurring expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment.:
Long Term Wealth Creation
An open ended fund of funds scheme investing in equity oriented schemes, debt oriented schemes and gold
ETFs/ schemes.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential India Opportunities Fund is suitable for investors who are seeking*(An open ended equity scheme following
special situations theme):
Long Term Wealth Creation
An equity scheme that invests in stocks based on special situations theme.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Disclaimer