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.
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.
ICICI Prudential Mutual Fund | Impact analysis iciciprumf
Going forward, RBI may have to do a fine balancing act. On one hand, support for growth trajectory is needed due to the second wave and on the other hand, RBI would need to keep an eye on upside risk to inflation.
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.
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
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.
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.
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.
ICICI Prudential Mutual Fund | Impact analysis iciciprumf
Going forward, RBI may have to do a fine balancing act. On one hand, support for growth trajectory is needed due to the second wave and on the other hand, RBI would need to keep an eye on upside risk to inflation.
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.
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
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.
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.
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
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.
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.
• 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.
ICICI Prudential Mutual Fund- Valuations Perspective November 2020iciciprumf
Our Valuation perspective note indicates that Equity investing can be looked at from a staggered approach with a minimum horizon of ‘3-5 Yrs’ coupled with ‘Dynamic Asset Allocation Schemes’ that aim to manage equity exposure basis market valuations.
ICICI Prudential NASDAQ 100 Index Fund - One Pagericiciprumf
Give your portfolio access to leading global companies and work towards your potential wealth creation by investing in ICICI Prudential NASDAQ 100 Index Fund.
Hurry! NFO starts today and closes on 11th October 2021.
Get more information at https://bit.ly/3zFdHJy
Interbank call money rates remained 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.
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.
ICICI Prudential NASDAQ 100 Index Fund - Brochureiciciprumf
Here’s your chance to invest in global markets with ICICI Prudential NASDAQ 100 Index Fund. Invest in a diversified portfolio of global market leaders and work towards your potential wealth creation.
Hurry! NFO closes on 11th October 2021.
Don’t miss out! Know more at https://bit.ly/3zTORWE
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.
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.
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.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
• RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.25%
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
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.
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.
• 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.
ICICI Prudential Mutual Fund- Valuations Perspective November 2020iciciprumf
Our Valuation perspective note indicates that Equity investing can be looked at from a staggered approach with a minimum horizon of ‘3-5 Yrs’ coupled with ‘Dynamic Asset Allocation Schemes’ that aim to manage equity exposure basis market valuations.
ICICI Prudential NASDAQ 100 Index Fund - One Pagericiciprumf
Give your portfolio access to leading global companies and work towards your potential wealth creation by investing in ICICI Prudential NASDAQ 100 Index Fund.
Hurry! NFO starts today and closes on 11th October 2021.
Get more information at https://bit.ly/3zFdHJy
Interbank call money rates remained 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.
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.
ICICI Prudential NASDAQ 100 Index Fund - Brochureiciciprumf
Here’s your chance to invest in global markets with ICICI Prudential NASDAQ 100 Index Fund. Invest in a diversified portfolio of global market leaders and work towards your potential wealth creation.
Hurry! NFO closes on 11th October 2021.
Don’t miss out! Know more at https://bit.ly/3zTORWE
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.
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.
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.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
• RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.25%
“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.
RBI kept the Repo rate unchanged to 5.15%
• Reverse Repo rate remains adjusted to 4.90%
• Marginal Standing Facility (MSF) rate and the Bank rate remains
adjusted to 5.40%
• Cash Reserve Ratio (CRR) remains unchanged at 4%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.50%
Read the full document to know more.
• RBI reduced the Repo rate by 40 bps to 4.00%
• Reverse Repo rate accordingly is adjusted to 3.35%
• Marginal Standing Facility (MSF) rate and the Bank rate accordingly is
adjusted to 4.25%
• Cash Reserve Ratio (CRR) remains unchanged at 3%
• Statutory Liquidity Ratio (SLR) stands adjusted to 18.00%
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 5.75%
- Reverse Repo rate stands adjusted to 5.50%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.00%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.00%
Read the full document to know more.
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%
Read our in-depth analysis of how the 3rd Bi-Monthly Monetary Policy Statement 2018-19 and the changes in interest rates impact the markets and the industry and what schemes we recommend for our investors.
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 6.00%
- Reverse Repo rate stands adjusted to 5.75%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.25%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
Read the full document to know more.
RBI policy highlights:
- RBI reduced the Repo rate by 35 basis points to 5.40%
- Reverse Repo rate stands adjusted to 5.15%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 5.65%
- Cash Reserve Ratio(CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 18.75%
Read the full document to know more.
Fixed Income Update (September 2021) | ICICI Prudential Mutual Fundiciciprumf
As highlighted in our earlier communication, we continue to believe in the gradual withdrawal of monetary stimulus and recommend following Accrual Strategy and Active Duration strategy.
Interbank call money rates remained below the RBI’s repo rate of 6.25% during the month as the RBI conducted periodic repo auctions to infuse liquidity in the system. Meanwhile, the central bank accepted the $5 billion it targeted from banks at its currency swap auction to ease liquidity as against the bids received worth $16.31 billion.
Read the full document to know more.
Interbank call money rates found itself below the Reserve Bank of India (RBI)’s repo rate of 6.00% for most parts of the month as systemic liquidity remained comfortable amid periodic repo auctions conducted by the RBI. However, intermittent tightness in call rates was seen on fund demand from banks to meet their mandatory reserve requirements. Meanwhile, the apex bank sporadically offered banks the opportunity to park funds through some reverse repo auctions. Read the full document to know more.
"Tide is Turning" aims to simplify key pointers pertaining to the recent RBI's policy. It details newly introduced Standing Deposit Facility (SDF) and how with SDF, LAF (Liquidity Adjustment Facility) corridor will be restored back to pre-pandemic levels. Floating rate bonds can provide necessary cushion in such an rising rate environment.
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
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to 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
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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 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
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 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
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
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
1. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
RBI’s
Inflation
Target
2.5
3.5
4.5
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
RBI Policy Rates Trend- Last 1 year
Repo Rate CRR Reverse Repo
0
2
4
6
8
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
CPI Inflation (Month-on-Month %)
ACCOMMODATIVE
WHAT IS RBI’S STANCE?
INFLATION HIGHLIGHTS
RBI POLICY HIGHLIGHTS
• RBI kept the Repo rate unchanged at 4.00%
• Reverse Repo rate remains unchanged at 3.35%
• Marginal Standing Facility (MSF) rate and the Bank
rate accordingly remains unchanged at 4.25%
• Cash Reserve Ratio (CRR) isat 4%
• Statutory Liquidity Ratio (SLR) at18.00%
• CPI (Consumer Price Index) inflation, for the month of
Dec increased to 5.6% from 4.9% inNov
• Food inflation increased to 4.5% in Dec from 2.7% in
Nov
• Housing inflation, which primarily includes rental
charges came in at 3.6% for the month of Dec
• On Jan 7, National Statistical Office (NSO) placed India’s real gross domestic product (GDP) growth at 9.2%
for 2021-22, surpassing its pre-pandemic (2019-20) level.
• The manufacturing and services PMI stayed in expansion zone in Jan at 54.0 and 51.5 respectively
• Overall system liquidity continued to be in large surplus
• Money supply (M3) and bank credit by commercial banks rose by 8.4% and 8.2% (y-o-y)
• Up to Feb 4, India’s foreign exchange reserves increased by US$ 55 billion in 2021-22 to US$ 632 billion
DOMESTIC ECONOMY
Data Source: RBI Monetary Policy Statement 2021-22 dated February 10, 2022, Data Source for CRR & SLR: RBI
2. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
OUR ANALYSIS & OUTLOOK
GLOBAL ECONOMY
The Reserve Bank of India (RBI) kept its policy rates, stance and liquidity management decisions unchanged in
February -2022 and following were the key pointers pertaining to the policy:
• All six members voted for keeping policy rates unchanged and five members voted for keeping the stance
accommodative with one-member voting against it.
• RBI estimates: GDP growth to be at 7.8% and CPI Inflation at 4.5% for FY’23
• Restoration of normal liquidity management framework
1. Variable rate repo operations of varying tenors can henceforth be conducted as and when warranted by
the evolving liquidity and financial conditions
2. Variable rate repos (VRRs) and variable rate reverse repos (VRRRs) of 14-day tenor can operate as the
main liquidity management tool
3. Afore-mentioned main operations can be supported by fine-tuning operations to tide over any
unanticipated liquidity changes
• Increase the investment limit under Voluntary Retention Route (VRR) by Rs 1 Lakh Crore to Rs 2.5 Lakh Crore
with effect from April 1, 2022. The VRR is available to FPIs for investment in GSec and corporate bonds since
March 1, 2019.
• Since the MPC’s (Monetary Policy Committee) meeting in Dec, the global economic activity has been dampened
mainly due to Omicron variant and the associated restrictions.
• In Jan 2022, the global composite purchasing managers’ index (PMI) slipped to an 18 month low of 51.4.
• The International Monetary Fund (IMF) revised global output and trade growth projections for 2022 downward to
4.4% and 6.0% from its earlier forecasts of 4.9% and 6.7%, respectively.
• Central banks globally focused on policy normalization, including ending asset purchases and earlier than
expected hikes in policy rates leading to volatility in equity markets and rise in sovereign bond yields across
maturities
Data Source: RBI Monetary Policy Statement 2021-22 dated February 10, 2022, Data Source for CRR & SLR: RBI
3. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
OUR VIEW
The policy decisions are in line with our expectation on repo rate and stance. However, we were
expecting a hike in reverse repo rate.
The policy continues to remain dovish and may increase the risks of sharp adjustments in the future
policies.
On the liquidity side, RBI resuming variable reverse repo rate (VRRR) auction to manage transient
liquidity requirements points towards continued focus on normalization of monetary stimulus.
The disconnect arises mainly from the non-action on the reverse-repo side, which may-be due to
the divergence in market and RBI expectations on growth-inflation dynamics.
MPC’s statement highlighted “the MPC judges that the ongoing domestic recovery is still incomplete
and needs continued policy support”, this may also be a reason for RBI’s benign expectation of CPI.
RBI’s priority remains towards Growth and Yield curve management and it appears Inflation battle is
for another day. This may give rise to longer and volatile cycle.
Clearly, this year normalization process would depend on various factors: RBI’s take on Growth-
inflation dynamics, inflation path on the back of elevated energy prices and input costs, a recovering
economy and global central banks glide-path towards policy normalization.
We continue our stance of RBI narrowing the Liquidity Adjustment Facility (LAF) corridor as the next
step of withdrawing stimulus.
We are in an interest-rate rise cycle and hence recommend exposure towards floating rate
instruments.
The longer end carry appears reasonable with risk adequately priced-in. Hence, more nimble and
active duration management approach is recommended. We recommend investing in spread assets
with an aim to benefit from higher carry.
Data Source: RBI Monetary Policy Statement 2021-22 dated February 10, 2022, Data Source for CRR & SLR: RBI
4. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
Approach Scheme Name Call to Action Rationale
Short
Duration
Schemes
Invest for parking
surplus funds
Accrual + Moderate
Volatility
Accrual
Schemes
ICICI Prudential Medium Term Bond Fund
ICICI Prudential Credit Risk Fund
Core Portfolio with >1 Yr
investment horizon Better Accrual
Dynamic
Duration
Scheme
ICICI Prudential All Seasons Bond Fund
Long Term Approach
with >3 Yrs investment
horizon
Active Duration and
Better Accrual
SCHEME RECOMMENDATIONS
ICICI Prudential Savings Fund
ICICI Prudential Floating Interest Fund
ICICI Prudential Ultra Short Term Fund
5. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
DISCLAIMER
RISKOMETERS
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 before investing. All data/information used in the preparation of this material is specific to a time and
may or may not be relevant in future post issuance of this material. ICICI Prudential Asset Management Company Limited (the AMC) takes
no responsibility of updating any data/information in this material from time to time. The AMC (includ- ing its affiliates), ICICI Prudential
Mutual Fund (the Fund), ICICI Prudential Trust Limited (the Trust) and any of its officers, directors, personnel and employees, shall not
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. Nothing contained in this document shall be construed to
be an investment advice or an assurance of the benefits of investing in the any of the Schemes of the Fund. Sectors/stocks mentioned in
the article do not constitute any recommendation and the Fund through its schemes may or may not have any future position in these
sectors/stocks. Recipient alone shall be fully responsible for any decision taken on the basis of this document. 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 Credit Risk Fund (An open ended debt scheme predominantly investing in AA and
below rated corporate bonds. A relatively high interest rate risk and relatively high credit risk.) is
suitable for investors who are seeking*:
• Medium term savings
• A debt scheme that aims to generate income through investing predominantly in AA and below
rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
ICICI Prudential Savings Fund (An open ended low duration debt scheme investing in instruments
such that the Macaulay duration of the portfolio is between 6 months and 12 months. A relatively
high interest rate risk and moderate credit risk. ) is suitable for investors who are seeking*:
•Short term savings
•An open ended low duration debt scheme that aims to maximize income by investing in debt
and money market instruments while maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
Low
Low to
Moderate
ModerateModerately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at High risk
Low
Low to
Mo derate
ModerateModerately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at Low to Moderate risk
Note: The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by
dividing the present value of the cash flow by the price. Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly
basis. The above Risk-o-meter(s) are as on January 31, 2022.
6. IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
RISKOMETERS
ICICI Prudential Medium Term Bond Fund (An open ended me dium term debt scheme investing in
instruments such that the Macaulay duration of the portfolio is between 3 Years and 4 Years. The
Macaulay duration of the portfolio is 1 Year to 4 years under anticipated adverse situation. A
relatively high interest rate risk and moderate credit risk.) is suitable for investors who are seeking*
• Medium term savings
• A debt scheme that invests in debt and money market instruments with a view to maximize
income while maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
ICICI Prudential All Seasons Bond Fund (An open ended dynamic debt scheme investing across
duration. A relatively high interest rate risk and moderate credit risk.) is suitable for investors who
are seeking*:
•All duration savings
• A debt scheme that invests in debt and money market instruments with a view to maximise
income while maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
ICICI Prudential Ultra Short Term Fund(An open ended ultra-short term debt scheme investing in
instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months.
A moderate interest rate risk and moderate credit risk.) is suitable for investors who are seeking*:
•Short term regular income
•An open ended ultra-short term debt scheme investing in a range of debt and money market
instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
ICICI Prudential Floating Interest Fund (An open ended debt scheme predominantly investing in
floating rate instruments (including fi xed rate instruments converted to floating rate exposures using
swaps/derivatives. A relatively high interest rate risk and moderate credit risk.) is suitable for investors
who are seeking*:
•Short term savings
•An open ended debt scheme predominantly investing in floating rate instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them.
Low
Low to
Moderate
ModerateModerately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at Moderately High risk
Low
Low to
Moderate
Moderate
Moderately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at Moderately High risk
Low
Low to
Moderate
ModerateModerately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at Moderate risk
Low
Low to
Moderate
ModerateModerately
H igh
Very
H igh
H igh
Investors understand that their principal
will be at Moderately High risk
Note: The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by
dividing the present value of the cash flow by the price. Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly
basis. The above Risk-o-meter(s) are as on January 31, 2022.
7. Sr No Scheme Name Position in the Matrix
1
ICICI Prudential Medium Term Bond
Fund
2 ICICI Prudential All Seasons Bond Fund
3 ICICI Prudential Savings Fund
4 ICICI Prudential Floating Interest Fund
5 ICICI Prudential Ultra Short Term Fund
6 ICICI Prudential Credit Risk Fund
IMPACT ANALYSIS
Monetary Policy Statement,
2021-22
POTENTIAL RISK MATRIX
As per SEBI Circular dated , June 07, 2021; thepotential risk class (PRC) matrix based on interest rate risk and credit
risk, is as below:
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.