Weekly News 17th April 2023

1. Weekly
News
17th April, 2023
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SEBI Registered Investment Adviser (INA200006628)

2. Snapshot
Zerodha to form joint venture
with smallcase
HDFC mutual fund
launches new scheme
NSE launches India’s
first Reits and InvITs
Index
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SEBI Registered Investment Adviser (INA200006628)
Weekly Market News
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Other News

3. Weekly Market News
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SEBI Registered Investment Adviser (INA200006628)
Index % Change
(Last week)
% Change
(yearly)
Nifty 50 -0.24% 2.44%
Nifty Midcap 150 0.92% 0.97%
Nifty Small Cap 250 0.77% -8.02%
Nifty IT -0.21% 2.47%
Nifty Bank 2.15% 14.12%
Nasdaq 100 1.11% -5.98%
S&P 500 1.28% -5.78%
Dow Jones 1.38% -1.53%
Nifty Pharma 1.15% -9.38%

4. Zerodha to form joint venture with smallcase
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• Billionaire Nithin Kamath-led India's largest stock broking firm Zerodha today
announced that it would form a joint venture with fintech platform smallcase to start a
new asset management business (AMC).
• Smallcase founder Vasanth Kamath said: in the last six years, smallcases have been
successful in helping millions of Demat account holders build a healthy long-term
portfolio, and there's immense potential to bring the same principles of simplicity and
transparency to mutual funds to bring in a new segment of investors.
• The opportunity to increase capital market participation for retail investors is massive,
and they strongly believe that mutual funds will continue to accelerate this trend with
the right mix of products, solutions & technology.
• Zerodha intends to approach the new business by keeping it lean, tech-first and
making the selection of mutual funds simpler.

5. HDFC mutual fund launches new scheme
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SEBI Registered Investment Adviser (INA200006628)
• HDFC Mutual has launched its three new mutual fund schemes, i.e. HDFC S&P BSE
500 Index Fund, HDFC NIFTY Midcap 150 Index Fund and HDFC NIFTY Smallcap 250
Index Fund.
• The three investment schemes allow investors to diversify their portfolio to large, mid
and small-cap segments.
• These schemes are suitable for the investors with low risk appetite and who are looking
to diversify their portfolio.
• The scheme involves no ‘entry load’ or ‘exit load’. This means, that investors have no
need to pay anything to make investments under the scheme or exit from the scheme.

6. NSE launches India’s first Reits and InvITs Index
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SEBI Registered Investment Adviser (INA200006628)
• NSE Indices Ltd, a subsidiary of National Stock Exchange (NSE), has launched
India’s first Real Estate Investment Trusts (Reits) and Infrastructure Investment
Trusts (InvITs) Index.
• The new index— Nifty Reits and InvITs index—aims to track the performance of
Reits and InvITs that are publicly listed and traded on the NSE.
• The Nifty Reits & InvITs Index has a base date of 1 July 2019 and a base value of
1,000 and will be reviewed and rebalanced on a quarterly basis.
• Reits and InvITs can be an option for investors looking for regular income
generation through a diversified portfolio.
• The top constituents of Nifty Reits & InvITs index include Embassy Office Parks
Reit (32.9% weight), Powergrid Infrastructure Investment (20.2%), Mindspace
Business Parks Reit (15.3%), India Grid Trust (15.3%).

7. Other News
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SEBI Registered Investment Adviser (INA200006628)
• The Nifty 50 index fell 191 points or 1.08% to 17,636, while the S&P BSE Sensex
dropped 778 points or 1.29% to 59,666.
• The Indian rupee falls 12 paisa to 81.97 against the US dollar.
• Indian e-commerce giant Flipkart announces plans to go public through an initial public
offering (IPO) worth $10 billion.
• Crude oil rises above $80 per barrel, traders eye China recovery.

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