This document describes the DSP BlackRock Bond Fund, an open-ended medium term debt scheme. It aims to generate stable returns for conservative investors seeking income through investments in AA rated and above corporate bonds with moderate duration of 2.5-3.5 years. The portfolio seeks to minimize both market and credit risk through investments in short tenure high quality corporate bonds rated AAA to AA with low duration and no investments below AA rating.
Add a bit of flexibility to your portfolio by investing across sectors with ICICI Prudential Flexicap Fund. Aim for liquidity and consistency by investing in largecap companies and long-term growth potential with mid, and smallcap companies and work towards your wealth creation goals. NFO launches on 28th June 2021.
To know more, head to https://bit.ly/3xZP4qB
Make the most of every opportunity that comes your way with the ICICI Prudential Flexicap Fund. Maintain a flexible portfolio that invests across sectors and works towards a better future for you.
Know more at https://bit.ly/3hegzFX
Make your portfolio flexible for upcoming market opportunities with ICICI Prudential Flexicap Fund. Diversify by investing across sectors and market caps with small, mid, and large cap companies using the in-house model.
Get more information at https://bit.ly/3h67Buw and start working towards your long term wealth creation goals today.
Hurry! NFO Period: 28th June- 12th July 2021.
DSP World Mining Fund - An Open Ended Fund Of Funds Scheme investing in Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
This is a brief outline of the conference call held on 16 November 2010 with Nilesh Shah, Deputy Managing Director, ICICI Prudential Asset Management Company (the AMC). The topic of the call was ICICI Prudential AMC’s views on Macro Economy, Equity and Fixed Income Market and outlook on ICICI Prudential Regular Savings Fund.
Add a bit of flexibility to your portfolio by investing across sectors with ICICI Prudential Flexicap Fund. Aim for liquidity and consistency by investing in largecap companies and long-term growth potential with mid, and smallcap companies and work towards your wealth creation goals. NFO launches on 28th June 2021.
To know more, head to https://bit.ly/3xZP4qB
Make the most of every opportunity that comes your way with the ICICI Prudential Flexicap Fund. Maintain a flexible portfolio that invests across sectors and works towards a better future for you.
Know more at https://bit.ly/3hegzFX
Make your portfolio flexible for upcoming market opportunities with ICICI Prudential Flexicap Fund. Diversify by investing across sectors and market caps with small, mid, and large cap companies using the in-house model.
Get more information at https://bit.ly/3h67Buw and start working towards your long term wealth creation goals today.
Hurry! NFO Period: 28th June- 12th July 2021.
DSP World Mining Fund - An Open Ended Fund Of Funds Scheme investing in Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
This is a brief outline of the conference call held on 16 November 2010 with Nilesh Shah, Deputy Managing Director, ICICI Prudential Asset Management Company (the AMC). The topic of the call was ICICI Prudential AMC’s views on Macro Economy, Equity and Fixed Income Market and outlook on ICICI Prudential Regular Savings Fund.
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
ICICI Prudential Business Cycle Fund_1 pagericiciprumf
Now get the opportunity to Invest in ICICI Prudential Business Cycle Fund and aim to stay on the course and ride out the business cycles.
NFO Open: 29th December, 2020 - 12th January, 2021.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
“Our Equity Valuation Index now into Deep Green Zone” - Invest aggressively i...iciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are
attractive, we are in the low to mid-phase of the business cycle and sentiments around the asset class
is negative
Hence, we recommend invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with recent
market correction due to concerns around COVID-19 spread, the market has stepped into an oversold
zone. This provides a good margin of safety for equity investments
Franklin India Bluechip fund - Invest in Mutual funds with Franklin Templetonfranklintempletonindiaa
Franklin India Bluechip Fund is a diversified equity portfolio investing predominantly in large cap stocks. This fund is suitable for long term wealth creation. Visit Franklin Templeton India to know more.
Time to Invest in Equities – Valuations Attractiveiciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are attractive, we are in the low to mid-phase of business cycle and sentiments around the asset class is negative
Hence, we recommend to invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with a recent market correction due to concerns around COVID-19 spread outside China, the market has stepped into an oversold zone. This provides a good margin of safety for equity investments
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
Information to help you and your family manage your inheritance questions, plan your retirement and ensure you have sustainable cash flow to see you through your twilight years.
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
SBI Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
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
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
UPDATE ON ICICI PRUDENTIAL CREDIT RISK FUNDiciciprumf
We have been continuously recommending ICICI Prudential Credit Risk Fund due to elevated yields and due
to higher risk reward benefit. In these challenging times, we would like to re-emphasize that we will continue
to stick to our Credit selection process which has ensured that historically we have never encountered any
delay or defaults in any of our schemes. Also, we would like to harp that we continue to remain cognizant of
managing the liquidity, concentration, credit and duration in our accrual portfolios to provide investor with
better risk adjusted returns.
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
ICICI Prudential Business Cycle Fund_1 pagericiciprumf
Now get the opportunity to Invest in ICICI Prudential Business Cycle Fund and aim to stay on the course and ride out the business cycles.
NFO Open: 29th December, 2020 - 12th January, 2021.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
“Our Equity Valuation Index now into Deep Green Zone” - Invest aggressively i...iciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are
attractive, we are in the low to mid-phase of the business cycle and sentiments around the asset class
is negative
Hence, we recommend invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with recent
market correction due to concerns around COVID-19 spread, the market has stepped into an oversold
zone. This provides a good margin of safety for equity investments
Franklin India Bluechip fund - Invest in Mutual funds with Franklin Templetonfranklintempletonindiaa
Franklin India Bluechip Fund is a diversified equity portfolio investing predominantly in large cap stocks. This fund is suitable for long term wealth creation. Visit Franklin Templeton India to know more.
Time to Invest in Equities – Valuations Attractiveiciciprumf
Our Equity Valuation Index highlights that Equities are available at attractive valuations
Our VCTS (Valuation, Cycle, Trigger, and Sentiments) framework indicates that the Valuations are attractive, we are in the low to mid-phase of business cycle and sentiments around the asset class is negative
Hence, we recommend to invest aggressively in equities at this juncture
Global crisis usually provided a good opportunity to invest in equities. We believe with a recent market correction due to concerns around COVID-19 spread outside China, the market has stepped into an oversold zone. This provides a good margin of safety for equity investments
Looking for long term wealth creation?
Introducing ICICI Prudential Business Cycle Fund!
Stay on the course and ride out the business cycle.
Know More: http://bit.ly/IpruBusinessCycleFund
#NFOLaunch #BusinessCycleFund
Information to help you and your family manage your inheritance questions, plan your retirement and ensure you have sustainable cash flow to see you through your twilight years.
We recommend adding equities through Asset allocation schemes and Fund of fund schemes like
ICICI Prudential Balanced Advantage Fund and ICICI Prudential Asset Allocator Fund (FOF)
Read the full doc to know more
SBI Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
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
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
UPDATE ON ICICI PRUDENTIAL CREDIT RISK FUNDiciciprumf
We have been continuously recommending ICICI Prudential Credit Risk Fund due to elevated yields and due
to higher risk reward benefit. In these challenging times, we would like to re-emphasize that we will continue
to stick to our Credit selection process which has ensured that historically we have never encountered any
delay or defaults in any of our schemes. Also, we would like to harp that we continue to remain cognizant of
managing the liquidity, concentration, credit and duration in our accrual portfolios to provide investor with
better risk adjusted returns.
• 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%
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.
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
Aim to make the most of the potential of smaller companies by investing in their beginnings with ICICI Prudential Smallcap Index Fund. More information at https://bit.ly/3B6BmmK
RBI policy highlights:
- RBI reduced the Repo rate by 25 basis points to 6.00%
- Reverse Repo rate stands adjusted to 5.75%
- Marginal Standing Facility (MSF) rate and the Bank rate stands adjusted to 6.25%
- Cash Reserve Ratio (CRR) remains unchanged at 4%
- Statutory Liquidity Ratio (SLR) stands adjusted to 19.25%
Read the full document to know more.
SBI Emerging Business Fund: An Equity Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Emerging Business Fund focuses on emerging businesses and invests in companies that are considered emergent. It has the flexibility to invests across market caps. SBI Emerging Business Fund may invests into large, mid and/or small cap stocks in any proportion based on the market conditions making the most of various market phases. Visit SBI Mutual Fund to know more this fund at https://www.sbimf.com/en-us/equity-schemes/sbi-emerging-businesses-fund
Interbank call money rates hovered above the RBI’s repo rate of 6.25% for most parts of the month owing to tightness in systemic liquidity. To ease the liquidity situation and provide funds for banks’ liquidity requirements, the central bank sporadically conducted repo auctions and later in the month also notified that it will conduct additional term repo auctions in March for a total amount of Rs 1 trillion.
Read the full document to know more
Similar to Note on dspblk bond fund march 2018 1 (20)
FMP's are close ended debt schemes with a pre defined maturity which invests in various debt instruments CD's & CP's.
write to us on admin@kairosic.com or call on 9769670884, 9594052799 for further details.
This theme intends to benefit from the resurgence in growth in the Indian economy owing to government’s focus on rural development. “Ujjwal Bharat - ABSL Resurgent India Fund – Series 7”, a 3.5 yr closed ended fund that seeks to deliver superior returns by investing in a portfolio of handpicked companies across sectors that will benefit the most from the current scenario. The fund is a diversified one with exposure to large caps in the range of 35-50%.
NFO starts: 20th March 2018
NFO closes: 3rd April 2018
You can reach us on 9769670884, 9594052799, email on admin@kairosic.com or visit us on www.kairosic.com
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
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.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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
Scope Of Macroeconomics introduction and basic theories
Note on dspblk bond fund march 2018 1
1. ● Moderate Duration Range
(2.5-3.5)
Page1of4
High Accrual Low volatility
MARCH 2018
DSP BlackRock Bond Fund
Whom?
A tax efficient, moderate risk product for conservative investors with objective of stable & consistent investment
income
Diversified portfolio across Ratings, Issuers & Tenures
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
0186420
YieldtoMaturity(YTM)
Maturity (in years)
All data as on January 31, 2018 | The size of bubbles indicate %holding in portfolio | For securities with Call options: Maturity is calculated considering Call date, and Yield to Call is used
instead of YTM | *WAM: Weighted Average Maturity, HFC: Housing Finance Companies, PFI: Public Finance Companies, NBFC: Non-Banking Finance Companies
Adani
Transmission
Tata Motors
NHAI
Dewan
HFC
India Infoline
HFC
Dalmia
Cement
HPCL-Mittal Energy
East-North
Interconnection
Piramal
Axis Bank
Bank of Baroda
DLF Emporio
Nirma
HDFC Bank
Crompton
Greaves
NABARD
AAA (32.2%)
AA+ (26.4%)
AA (37.4%)
PFI (10.5%)
Construction/Cement (7.1%)
Housing Finance Co. (13.4%)
NBFC (1.3%)
Energy (8.8%)
Pharma (1.3%)
Services (1.9%)
Consumer (4.5%)
Bank AT1 Bonds (23.9%)
Portfolio YTM: 8.35%
WAM*: 3.54 years
SBI
Power
Finance
Corp
Sundaram
BNP Paribas
Home Finance
Reliance Utilities & Power
LIC
Housing
Finance
Vedanta
Reliance Gas
Transport Infra
Nuvoco Vistas
Tata Steel
Fullerton
HFC
Auto (3.3%)
Power (14.1%)
Metals (5.9%)
UP Power Corp
Rural
Electrification
NTPC
Power GridReliance
Industries
IndusInd Bank
ICICI Bank
Tata Power
A healthy construct that helps to generate returns without diluting the credit and maturity profile of investments
The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same and the Fund may or may not have any future position in
these sector(s)/stock(s)/issuer(s).
● ~ 65% in AAA/AA+ assets
● Investments in AA & better
rated instruments
An open ended medium term debt scheme*
What?
An “All Seasons’ Fixed Income Solution” bearing high accrual (AA and above credits) and moderate duration
(between 2.5-3.5) construct enabling the fund to withstand volatility in the short term and helps to provide stable
returns in the long run.
*An open ended medium term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 years and 4 years
(please refer page no. 32 under the section “Where will the Scheme invest” for details on Macaulay’s Duration)
2. -1
1
3
5
7
9
11
13
15
CY03 CY04 CY05 CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17
CYreturnsin%
CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index
Page2of4
How?
The portfolio seeks to invest in short tenure corporate bonds rated AAA to AA. Low duration profile of
the fund and NIL investments below AA minimizes the portfolio from both market and credit risk.
Portfolio* Segment Allocation Yield Modified Duration
Min Max
3.5 3.5Core 25% 9.1%Perpetual bonds of high
quality banks/Higher
accrual NBFCs
-- 5Liquid 45% 8.2%AAA rated corporate bonds
for liquidity budgeting/
portfolio re-balancing
2.5 3.5100%Total
2.5 313% 8.6%Housing Finance
companies
2.5 317% 8.7%AA/AA+ rated corporates
Why?
Lower duration strategy has evidence of better Risk Adjusted Returns over a higher
duration strategy
1
Return profile of lower duration strategy demonstrates resilience in times of
rising interest rates (repo rate)
2
Advantage of Self-correcting mechanism3
Recommendation in the form of short term accrual strategies4
Lower duration strategy has evidence of better Risk Adjusted Returns over a higher duration strategy
Source: MFIE; Returns considered from CY 2003 till CY 2017. Past performance may or may not be sustained in the future and should
not be used as a basis for comparison with other investments.
Evidence of better risk
adjusted returns
Parameters CRISIL Short Term
Bond Fund Index
CRISIL Composite
Bond Fund Index
Avg. 1 year rolling returns
Annualized Std. Dev
Return/Risk
7.42
2.19
2.39
7.23
3.65
1.98
*Data as on February 28, 2018
3. Page3of4
3%
4%
5%
6%
7%
8%
9%
10%
31-Mar-04 19-Mar-06 6-Mar-08 22-Feb-10 10-Feb-12 28-Jan-14
RepoRate
Rising interest rate environment post
24-Jan-06 after ~2 years of 6-6.25% repo rate
Interest rates fall momentarily
post 02-Jan-09 bottoming out
@4.75% and rising post
21-Apr-09
Potential to outperform
in rising interest rate
scenarios
Source: Reserve Bank of India
*CAGR Holding period returns of CRISIL Short Term Bond Fund Index in rising interest rate environment
Source: MFIE; Past performance may or may not be sustained in the future and should not be used as a basis for comparison
with other investments.
Return profile of lower duration strategy demonstrates resilience in times of rising interest rates (repo rate)
Advantage of Self-correcting mechanism
8.74%*
9.58%*
(13)
(10)
(7)
(4)
(1)
2
5
8
11
14
17
20
23
Jan-09
Apr-09
Jul-09
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
SimpleAnnualisedReturnsin%
Average Returns Trend Line
Monthly Returns - CRISIL Short Term Bond Fund Index
• With the reversal in rate scenario on the anvil; bond funds will have increased exposure to low duration high
accrual assets.
• As evidence in the above chart, in phases of steep rise in interest rates (eg: 2010 and 2013), short duration
fund performances have recovered soon enough from brief periods of underperformance (low/negative
returns); and investors can recover from any dips by staying invested marginally longer
• The short term index shows evidence of robust performance in rising interest rates environment: Between
mid-July 13 to Dec-14, when repo rates rose from 7.25 to 8 and 10-year benchmark rose from ~7.5 to ~8
(also reaching ~9 levels in between), CRISIL Short Term Bond Fund Index had absolute returns of ~14%.
(Source: MFIE)
Only 3 instances of negative
monthly returns over 9 yrs
Quick recovery from dips