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.
Interbank call money rates remained mostly below the RBI‟s repo rate of 4% in May owing to comfortable liquidity in the system. However, some pressure was seen on the rates following intermittent spike in demand for funds from banks.
Currency in circulation rose 18.4% on-year in the week ended May 22, 2020, compared with 14.2% growth a year ago. The RBI, via its liquidity window, absorbed Rs 5114.71 billion on a net daily average basis in May 2020, compared with net liquidity absorption of Rs 4751.55 billion in April 2020.
Bank credit growth rose 6.5% on-year in the fortnight ended May 8, 2020, compared with 7.2% on-year growth reported in the fortnight ended April 10, 2020.
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
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve, Sentiments are negative since FPIs are withdrawing money and past returns have been muted. This suggests that it is a good time to invest in equities
• Historically, financial crisis have generally occurred due to endogenous factors – economic imbalances like high crude prices, high inflation, etc. This time it is different since macros being stable, the current crisis is the result of an external factor i.e. COVID-19
• India’s long term growth story remains intact since it is better placed in terms of fundamentals
• We believe, Emerging Markets have the potential to recover better than Developed Markets & that Value as a theme performs better than Growth during recovery phase. Hence, we recommend investing in ICICI Prudential Value Discovery Fund
• Owing to the temporary economic crisis due to COVID-19, we recommend investing in ICICI Prudential India Opportunities Fund
• Given further uncertainty regarding the spread of COVID-19, volatility is expected to prevail. We recommend investing in ICICI Prudential Balanced Advantage Fund to manage volatility • We remain positive on the Smallcap space as valuations are reasonable & recommend investing in ICICI Prudential Smallcap Fund
• Post any crisis, sectoral leadership has changed in the past. Aim to invest in future potential leaders through ICICI Prudential Focused Equity Fund
We remain positive on the bond markets. A good strategy may be to create a portfolio with maturity in the range of 2-5 years along with accumulating spread assets to give better carry to the portfolio. Read our Fixed Income Update for Aug 2020
• Interbank call money rates remained mostly below the RBI’s repo rate of 4% in June as overall systemic liquidity remained surplus.
• Currency in circulation rose 20.6% on-year in the week ended June 19, 2020, compared with 12.7% growth a year ago. The RBI, via its liquidity window, absorbed Rs 3770.33 billion on a net daily average basis in June 2020, compared with net liquidity absorption of Rs 5114.71 billion in May 2020.
• Bank credit growth rose 6.2% on-year in the fortnight ended June 5, 2020, compared with 6.5% on-year growth reported in the fortnight ended May 8, 2020.
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.
Currently, valuations seem reasonable for long term investment, Business Cycle has bottomed out and relatively low FII flows have been recorded. Our framework suggests that it is time to accumulate equities and stay invested for long term.
Interbank call money rates remained mostly below the RBI‟s repo rate of 4% in May owing to comfortable liquidity in the system. However, some pressure was seen on the rates following intermittent spike in demand for funds from banks.
Currency in circulation rose 18.4% on-year in the week ended May 22, 2020, compared with 14.2% growth a year ago. The RBI, via its liquidity window, absorbed Rs 5114.71 billion on a net daily average basis in May 2020, compared with net liquidity absorption of Rs 4751.55 billion in April 2020.
Bank credit growth rose 6.5% on-year in the fortnight ended May 8, 2020, compared with 7.2% on-year growth reported in the fortnight ended April 10, 2020.
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
Our ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that Valuations are reasonable, Business Cycle has bottomed out, Trigger would be the trajectory of COVID-19 growth curve, Sentiments are negative since FPIs are withdrawing money and past returns have been muted. This suggests that it is a good time to invest in equities
• Historically, financial crisis have generally occurred due to endogenous factors – economic imbalances like high crude prices, high inflation, etc. This time it is different since macros being stable, the current crisis is the result of an external factor i.e. COVID-19
• India’s long term growth story remains intact since it is better placed in terms of fundamentals
• We believe, Emerging Markets have the potential to recover better than Developed Markets & that Value as a theme performs better than Growth during recovery phase. Hence, we recommend investing in ICICI Prudential Value Discovery Fund
• Owing to the temporary economic crisis due to COVID-19, we recommend investing in ICICI Prudential India Opportunities Fund
• Given further uncertainty regarding the spread of COVID-19, volatility is expected to prevail. We recommend investing in ICICI Prudential Balanced Advantage Fund to manage volatility • We remain positive on the Smallcap space as valuations are reasonable & recommend investing in ICICI Prudential Smallcap Fund
• Post any crisis, sectoral leadership has changed in the past. Aim to invest in future potential leaders through ICICI Prudential Focused Equity Fund
We remain positive on the bond markets. A good strategy may be to create a portfolio with maturity in the range of 2-5 years along with accumulating spread assets to give better carry to the portfolio. Read our Fixed Income Update for Aug 2020
• Interbank call money rates remained mostly below the RBI’s repo rate of 4% in June as overall systemic liquidity remained surplus.
• Currency in circulation rose 20.6% on-year in the week ended June 19, 2020, compared with 12.7% growth a year ago. The RBI, via its liquidity window, absorbed Rs 3770.33 billion on a net daily average basis in June 2020, compared with net liquidity absorption of Rs 5114.71 billion in May 2020.
• Bank credit growth rose 6.2% on-year in the fortnight ended June 5, 2020, compared with 6.5% on-year growth reported in the fortnight ended May 8, 2020.
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.
Currently, valuations seem reasonable for long term investment, Business Cycle has bottomed out and relatively low FII flows have been recorded. Our framework suggests that it is time to accumulate equities and stay invested for long term.
Monthly market outlook (July 2021) | ICICI Prudential Mutual Fundiciciprumf
Valuations are not cheap but the business cycle remains in the nascent phase. Read our Monthly Market Outlook for July 2021 to understand more about Equity Markets and Fixed Income Markets.
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.
Annual Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
The current environment is akin to shifting sands, where dynamism is at its peak. Hence, it would be prudent to have an active management approach. Read our annual outlook 2022, to know more.
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 ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that market Valuations are not cheap. Business Cycle remains in the nascent stage.
Equity investing can be looked at only from a long term perspective coupled with “Dynamic Asset Allocation Scheme’ that aims to manage market volatility.
Annual Fixed Income Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
Shifting Sands, a year of active management - In the Fixed Income space, currently there are lot of dynamic elements at play. With limited scope for rate cuts, we recommend investing in Floating Rate Bonds which may benefit from rising interest rates. We recommend investing in spread assets with an aim to benefit from higher carry.
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.
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.
Invest in products that make up your daily routine and aim to be a part of their growth with ICICI Prudential FMCG ETF. Start investing today and include diverse and innovative companies to your portfolio.
Hurry! NFO closes on 2nd August 2021.
Know more at https://bit.ly/3zfR0f8
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.
The policy decisions are in line with our expectation on repo rate and stance. However, we were expecting a hike in reverse repo rate. We are in an interest-rate rise cycle and hence recommend active duration management.
ICICI Prudential Mutual Funds Fixed income updateiciciprumf
These are interesting times. We have seen the worst growth contraction in decades but interest rates still remains higher than lows seen during other crisis.
• Owing to growth concerns, Global Central Banks are reducing interest rates. The Reserve Bank of India
(RBI) too is expected to follow suits and may deliver 25-50 bps rate cut
• Central Banks are expected to continue with the loose monetary policy
• Food inflation is beginning to see some moderation although CPI Inflation continues to remain above
RBI‟s comfort zone. RBI‟s operation twist and LTRO too bodes well for the bond markets
• In light of the above factors, we have added duration across our portfolios as we have become positive
on the duration segment in the near term
• We continue to believe that the best strategy would be to create portfolio maturity in the range of 2-5
years
• We also continue to remain positive on the accrual space, as the divergence between Gsec/AAA & AA/A
yields persist.
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.
Annual Equity Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
The current market scenario reminisces one of Shifting Sands wherein volatility may prevail due to dynamically changing macros. This warrants the need for active management. Hence, we recommend schemes that have flexibility to invest across different asset classes, Marketcap & Themes
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.
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.
Monthly market outlook (July 2021) | ICICI Prudential Mutual Fundiciciprumf
Valuations are not cheap but the business cycle remains in the nascent phase. Read our Monthly Market Outlook for July 2021 to understand more about Equity Markets and Fixed Income Markets.
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.
Annual Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
The current environment is akin to shifting sands, where dynamism is at its peak. Hence, it would be prudent to have an active management approach. Read our annual outlook 2022, to know more.
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 ‘VCTS’ framework (Valuations, Cycle, Trigger, Sentiments) is currently indicating that market Valuations are not cheap. Business Cycle remains in the nascent stage.
Equity investing can be looked at only from a long term perspective coupled with “Dynamic Asset Allocation Scheme’ that aims to manage market volatility.
Annual Fixed Income Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
Shifting Sands, a year of active management - In the Fixed Income space, currently there are lot of dynamic elements at play. With limited scope for rate cuts, we recommend investing in Floating Rate Bonds which may benefit from rising interest rates. We recommend investing in spread assets with an aim to benefit from higher carry.
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.
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.
Invest in products that make up your daily routine and aim to be a part of their growth with ICICI Prudential FMCG ETF. Start investing today and include diverse and innovative companies to your portfolio.
Hurry! NFO closes on 2nd August 2021.
Know more at https://bit.ly/3zfR0f8
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.
The policy decisions are in line with our expectation on repo rate and stance. However, we were expecting a hike in reverse repo rate. We are in an interest-rate rise cycle and hence recommend active duration management.
ICICI Prudential Mutual Funds Fixed income updateiciciprumf
These are interesting times. We have seen the worst growth contraction in decades but interest rates still remains higher than lows seen during other crisis.
• Owing to growth concerns, Global Central Banks are reducing interest rates. The Reserve Bank of India
(RBI) too is expected to follow suits and may deliver 25-50 bps rate cut
• Central Banks are expected to continue with the loose monetary policy
• Food inflation is beginning to see some moderation although CPI Inflation continues to remain above
RBI‟s comfort zone. RBI‟s operation twist and LTRO too bodes well for the bond markets
• In light of the above factors, we have added duration across our portfolios as we have become positive
on the duration segment in the near term
• We continue to believe that the best strategy would be to create portfolio maturity in the range of 2-5
years
• We also continue to remain positive on the accrual space, as the divergence between Gsec/AAA & AA/A
yields persist.
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.
Annual Equity Outlook 2022 | ICICI Prudential Mutual Fundiciciprumf
The current market scenario reminisces one of Shifting Sands wherein volatility may prevail due to dynamically changing macros. This warrants the need for active management. Hence, we recommend schemes that have flexibility to invest across different asset classes, Marketcap & Themes
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.
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.
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.
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.
On the domestic front, Indian equities corrected sharply post the FY20 Union Budget announcement on 5th July 2019 due to uncertainty emanating from a couple of proposals pertaining to: 1) Increase in taxes for FPIs accessing the Indian equity markets through the ‘Trust’ route; and 2) potential supply side pressures for equity markets (increase in free float requirement from 25% to 35% coupled with relaxation on minimum threshold of 51% Government ownership for PSUs including the shareholding of Government controlled institutions). Post the budget, equity and bond markets have witnessed divergent trends.
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.
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.
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.
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.
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.
Indian equity benchmarks recorded
splendid performance in September 2019 and clocked their
biggest single-day jump in 10 years on September 20, 2019,
following the announcement of corporate tax cut and other
measures by the government to boost the economy.
Benchmark S&P BSE Sensex and Nifty 50 ended the month with nearly 4% gains.
Read the full document to know more.
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
"Sell in May and go away‟ this old Wall Street adage has once again proved correct for most of the Global Markets which have witnessed a correction in the month of May. However, Indian markets took no cue from the above saying and continued to chug along through the month ending in a positive territory
( 1.7%).
Read the full document to know more.
Triggers to watch out for:
1. Breaking down GDP Numbers
2. Equity Valuations Update
3. Why ICICI Prudential Accrual Funds
4. Investment Philosophy
Have a detailed insight into a monthly equity and fixed income market outlook.
Read the full document to know more.
Global as well as domestic markets rallied during the month on back of upbeat economic data and positive sentiments. Hence we dig deeper into the nitty-gritties of markets in this Equity Market Update.
#ICICIPrudentialMutualFund #EquityMarketUpdate #Equity #Investment
Amidst a global slowdown, a bearish market arrives. How can we be ready for it? Take insights from the Monthly Market Outlook that expands on the scenario across industries, sectors and regions and more as per investor concern!
#ICICIPrudentialMutualFund #MonthlyMarketOutlook #Investment #MutualFunds #Market
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.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
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
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 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
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
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
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.
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 Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
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
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
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
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Transkredit Finance Company Products Presentation (1).pptx
Equity Update - June 2020
1. June 2020
Global Markets May-20
(%)
Current
PE
10 Yr
Average
US 4.3 18.8 15.7
UK 3.0 21.3 17.6
Japan 8.3 25.6 19.8
Hong Kong (6.8) 9.9 10.8
Singapore (4.3) 10.2 12.2
China (4.8) 8.1 8.5
Domestic Markets May - 20
(%)
Current
PE
10 Yr
Average
S&P BSE Sensex (3.8) 20.33 19.9
NSE Nifty (2.8) 22.38 20.2
S&P BSE Auto 5.6 23.3 19.0
S&P BSE Bankex (10.5) 19.7 17.5
S&P BSE Capital Goods 1.2 18.5 28.6
S&P BSE Consumer
Durables (7.6) 35.5 31.2
S&P BSE FMCG 1.2 32.3 39.3
S&P BSE Healthcare 2.0 37.5 28.5
S&P BSE IT (1.2) 17.8 19.5
S&P BSE Metals 0.9 6.5 12.0
S&P BSE Mid Cap (1.4) 23.1 23.9
S&P BSE Oil & Gas (1.9) 9.1 12.0
S&P BSE PSU (6.0) 7.8 13.1
S&P BSE Realty (2.7) 23.0 23.8
US Economy: The United States (US) gross domestic product (GDP) fell at an
annual rate of 5% in the first quarter of 2020 compared with 2.1% growth in the
previous quarter. Officials expressed concern about a second wave of Covid-19
infections as well as the impact on lower-income households.
Eurozone: The euro zone economy contracted at an annualised rate of 3.2% in
the first quarter of 2020 - the sharpest pace of decline since the third quarter of
2009 after rising 1% in the fourth quarter. The economy contracted by 7.5% this
year, before growing by about 6% in 2021. The European Central Bank is "fully
prepared" to provide more stimulus in June to support the economy.
UK: The Bank of England held interest rates at 0.1%, but said it is committed to
take further action should the economic crisis caused by the pandemic continue
to deteriorate. The bank also expects the United Kingdom‟s GDP to fall by 14%
over 2020 as a whole
Japan: Japan‟s economy contracted at an annualised rate of 3.4% in the
January-March quarter, compared with a revised 7.3% contraction in the
previous quarter. The Cabinet approved a $1.1 trillion stimulus packageIn
addition, the Bank of Japan rolled out a new measure of increasing provisions
by 30 trillion yen ($278 billion) to financial institutions, which will help
businesses affected by the pandemic.
China: China has abandoned setting a target for GDP growth for the first time in
decades, citing „great uncertainty‟ caused by the pandemic. The People's Bank
of China injected 120 billion yuan ($16.80 billion) via seven-day reverse repos at
2.20% on May 27, 2020.
Index Performance: Indian equity indices ended lower in May 2020 owing to
concerns about rise in domestic Covid-19 cases and extension of the
nationwide lockdown. Benchmarks S&P BSE Sensex and Nifty 50 declined
3.84% and 2.84%, respectively in May 2020.
Inflation: Retail inflation, based on Consumer Price Index (CPI) for April 2020,
was not released by the government due to limited transactions of products
amidst lockdown restrictions to prevent the spread of the covid-19 pandemic.
CPI for March 2020 was, however, revised to 5.84% in March 2020,
compared with 2.86% in March 2019.
Domestic Developments:
Headwinds:
Rise in Covid-19 cases back home and extension of the nationwide lockdown
intensified worries regarding the economic downturn. More losses were seen
after the Reserve Bank of India‟s (RBI) move to extend the moratorium on term
loans by three months till August 2020, pressured banking shares. The RBI
Governor Shaktikanta Das‟ projection of possible de-growth in GDP in the
current fiscal soured the mood further. Historic decline in India‟s
manufacturing and services activity numbers also acted as a dampener.
Tailwinds:
Further losses were, however, capped by gains in some of the index
heavyweights and buying by the domestic and foreign institutional investors.
EQUITY UPDATE
Data Source: Crisil Research; * Data till May 31, 2020;
Data Source: Crisil Research; * Data till May 31, 2020, PE- Price to Earnings; IMF –
International Monetary Fund
Indian Market Update
Global Market Update
2. Indian Market Update
Earnings Growth (%) FY19 FY20E FY21E
Sensex 15 2.5 30.1
Macro Indicators Latest
Update
Previous
Update
GDP (YoY%) 3.1%
(4QFY20)
4.7%
(3QFY20)
IIP (YoY%) -16.7% (Mar) 4.5% (Feb)
Crude ($ bbl) 35.33 (May 31) 25.27 (Apr 30)
Core Sector Growth
(YoY%)
-38.1%
(April 2020)
-9%
(Mar 2020)
Trade Deficit ($ mn) -6,760
(Mar 2020)
-9,760
(Mar 2020)
Current Account Deficit
($ bn)
-1.4
(3QFY20)
-6.3
(2QFY20)
FII Holding in Indian
Equities (%)#
21.5
(4QFY20)
22.2
(3QFY20)
Flows May - 20 Apr - 20 Mar - 20
FIIs (Net Purchases /
Sales) (Rs cr)
14,569 -6,884 -61,973
MFs (Net Purchases /
Sales) (Rs cr)
5,109 -6,846 25,743
Note: # FII hldg includes ADR/GDR (BSE500 Index); Data Source: Crisil Research; * Data till May 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 equities broadly had a positive run in the month of May as countries began easing lockdown restrictions. Indian equities (Nifty 50
Index) on the other hand ended on a negative note with -2.8% returns. A slowdown in infection growth rate and progress around vaccine
development too aided positive sentiments globally.
Globally, tensions escalated between US-China over COVID-19 spread row, US & European regions witnessed weak Q120 earnings.
Global Central Banks continued to provide support to their respective economies with Bank of Japan (BOJ) keeping policy rate
unchanged at -0.1%, launching a lending facility to channel more funds to small businesses. ECB too intends to step up bond purchases
in addition to the EUR750 bn bond buying program earlier if need be.
On the domestic front, a Rs. 21 Tn economic package announced by the Finance Minister to counter the effects of slowdown triggered
by COVIID-19, met with a tepid response from investors. In a bid to promote and support local economy and to spur growth, the Finance
Minister announced several reforms and relief measures for various sectors – MSMEs, Real Estate, etc. The reforms announced by the
Finance Minister were primarily supply-side reforms. During the month, the RBI too announced measures like repo rate cut by 40 bps to
4.0% and extension of moratorium by another 3 months to August 2020 (demand-side reforms) with an aim to revive growth.
Macro data releases reflected the impact of shutdown as indicators like – composite PMI index & IIP readings declined significantly.
Q4FY20 GDP data came in at 3.1% Vs. Q3FY20 at 4.1% (revised downward print). The GDP data for FY20 stood at 4.2% Vs. 6.1% for
FY19.
Sectors like Telecom and Auto outperformed while Finance and Banks underperformed.* (Source: NSE)
*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).
Global Developments:
Headwinds: Weakness was seen in markets due to disappointing global
developments, including second wave of the pandemic across several
countries, escalating tensions between the US and China, weak US monthly
jobs data and after the US Fed Chief Jerome Powell warned of extended
period of weak economic growth and called for additional fiscal spending to
stem the fallout of the pandemic.
Tailwinds: Positive global cues including China reporting an increase in
industrial output in April 2020, hopes of economic recovery following the
easing of lockdown restrictions in many countries globally and reports of a
huge Covid-19 package to be announced by the European Commission also
helped in offsetting some losses.
Sectoral Impact:
Majority of the S&P BSE sectoral indices ended lower in May 2020. The S&P
BSE Bankex index was the top sectoral laggard – down 10.47% after the RBI
extended loan moratorium by three months. Sell-off was seen in the finance,
consumer durables and PSU counters. The S&P BSE Finance index, S&P BSE
Consumer Durables and S&P BSE PSU indices fell in the range of 6% to 10%.
The S&P BSE Auto index was the top sectoral gainer – up 5.58% amid reports
of sales restarting in various parts of the country. Buying was seen in the
defensive counters; S&P BSE Healthcare index and S&P BSE FMCG index rose
2.05% and 1.18%, 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
May-06
May-07
May-08
May-09
May-10
May-11
May-12
May-13
May-14
May-15
May-16
May-17
May-18
May-19
May-20
Aggressively invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
86.2
Invest in Equities
Our „VCTS‟ framework suggests that post the recent corrections, Valuations - are reasonable, Cycle - we are at the bottom of the
business cycle and Sentiments – around equity as an asset class is negative due to muted past returns and FII outflows. We believe
the market is providing a good margin of safety. Hence, we recommend investing in equities at this juncture.
We believe that the divergence between Value and Growth stocks continues to prevail. 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. Small, midcaps and value oriented stocks over the next few years is recommended for lumpsum investment
for long term investors.
We also believe that volatility is expected to prevail for some time as the world comes to terms with the evolving COVID-19 situation
and its economic fallout. As an investor, one must embrace volatility and be cognizant of his/her own asset allocation while investing.
We continue to recommend Dynamic Asset Allocation scheme which aim to benefit from volatility by reducing the overall cyclicality of
the portfolio.
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.
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 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.
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