Product Updates

Top Performing Index of July18 Month - Nifty #Energy & #PSU   Worst Performing Index of July18 Month - Nifty #Media & #Metal

*ABSL Digital India Fund* is a thematic, multi-sector open-ended equity scheme focusing on investing in Technology, Media, Telecom & all other businesses that are Digital oriented. The fund is declaring its *annual dividend* for FY19, an amount of *Rs 2.78/unit* in regular plan (approximate dividend yield of 12%)  record date being *31 July 2018* Here are few updates about the Fund and the  Industry: 📌According to Nasscom, Digital revenues grew *faster than ever”* at 30 percent in FY18, demonstrating the base for a solid foundation in digital capabilities built by the IT sector. 📌Revenue from digital is expected to comprise *38 per cent of the forecasted US$ 350 billion* IT industry revenue by 2025. (Source: IBEF) 📌The fund has generated returns of *37.5%* in the last one year (as on 25th July 2018) 📌The fund has the ability to invest in global technology companies (Eg: FAANG Stocks - Facebook, Amazon, Apple, Netflix and Google) that are pioneers in the digital space _St

As an investor, what do you do? Do you sit on cash or have you deployed it already? Do you focus on largecaps or do you now start nibbling into  midcaps  after the fall? There are various answers to the same question. If you are a professional investor, things are different. If you are a retail investor looking at the upside in the Indian markets, you just have to sit and wait. But if you are a lot more active, then become a lot more diversified. There is an anchoring around the fact that midcaps have done a lot worse than largecaps. But if you take two years instead of one year, they are exactly the same. When it comes to segregating by index, the Sensex went up about 30% last year while the midcap index went up about 47% during the same time. Since January, the midcap index has corrected around 17% and the Sensex has gone up about 3%. If I take the minus and the plus together over two years, they are exactly in the same place. So, it depends on where you are anchored. It depends on

*HDFC Asset Management Company Limited IPO* Issue Size: *₹2,800 cr* (at upper end of price band) Price Band: *₹1,095 - ₹1,100* _*Apply for 13 equity shares @ ₹1,100/-*_ _*IPO closes on Friday, 27th July, 2018*_ Anchor Book *(₹732 cr)* had participation from all Marquee Foreign and Domestic Institutional Investors. Anchor allocations are as below: *₹70 cr* to : Capital Group *₹35 cr* each to : FMR, ADIA, Temasek, ICICI Pru MF, SBI MF, Fidelity International, Reliance MF,  Birla MF, Reliance Industries *₹24 cr* to : Axis MF *₹19 cr* each to : Blackrock, GSAM, HSBC Global, Carmignac, SBI Life Insurance, Templeton MF, Kotak MF, L&T MF, IIFL MF, University of California *₹10 cr* each to : Columbia, Jupiter AM, Alliance Bernstein, Generation, White Oak, DSP MF, UTI MF, Chrys Capital *₹37 cr* to : Goldman Sachs Singapore *₹7 cr* to : BNP Paribas MF *₹6 cr* each to : Dragoneer, Voyager

📍 Glenmark Pharmaceuticals has received final ANDA (abbreviated new drug application) approval for its Colesevelam Hydrochloride medicine. Buy for the long-term. 📍 Bharat Electronics has signed a MoU with Saab, Sweden, for jointly marketing L-B and 3D Air Surveillance Radars, primarily for the defence and civil security. A big positive for the company. 📍 The government is likely to infuse ~Rs.2816 crore into Punjab National Bank to strengthen its balance sheet. Accumulate and hold for two years to reap good returns. 📍 Ashok Leyland reported excellent results for Q1FY19 with an EPS of Rs.1.26 v/s Re.0.38 in Q1FY18. A worthy buy. 📍 South Indian Bank does not have any asset quality concerns and has reasonable valuations. Its current share price merits a buy. 📍 Bombay Dyeing & Manufacturing Co. is aggressively promoting its own brand of shirts ‘Cezari’ through its exclusive outlets. Accumulate. 📍 Auto component major Jay Bharat Maruti reported excellent results for Q1. T

*GST Council Updates* 1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr ( *tax payments to continue on monthly basis*) 2. Sanitary Napkins exempted from GST going forward 3. No decision on 1% sugar cess 4. GST on bamboo flooring reduced to 12% 5. GST on hotels would now be on actual tariff & not declares tariff 6. Ethanol for Oil Marketing Companies now at 5% vs 18% earlier 7. 5% GST ceiling on footwear raised from Rs 500 to Rs 1000 8. GST on paints & varnishes, wall putty cut from 28% to 18% 9. GST on all leather items cut from 28% to 18% 10. GST on consumer electronics - *TV (up to 27"), Washing Machine, Refrigerator, mixer, juicer, grinder* cut from 28% to 18% 11. GST on special purpose vehicles, work truck, trailer cut from 28% to 18%

_*〽arket 〽⭕⭕D as on*_ 2⃣0⃣➖0⃣7⃣➖1⃣8⃣ provisional @ 5:40 pm *NSE* *Nifty 50* *_(P/E  27.36)_*       *+ 53 (11010)*  🔼 *NSE* *Bank Nifty* *_(P/E  51.76)_*       *+ 84 (26873)*🔼 *BSE* *Sensex*  *_(P/E  22.90)_*      *+ 145 (36496)*  🔼 *BSE midCap* *_(P/E   32.15)_*      *+ 111 (15196)* 🔼 *BSE smallCap* *_(P/E   103.31)_*   *+ 64 (15721)* 🔼 *Fii*   Cash    *_+ 310  Crs_* 🙂 *Dii*   Cash    *_- 51  Crs_* 😕 *BrntCrude*   _72.63_*$/brl* & *₹* _4705_ 🔼 *Gold Commex*  _1224_  *$/oz* & ₹/10 gm     _29806_ *10 Yrs GS Benchmark* *7.17% GS-2028* YTM *7.7860* 🔼😕 *ForeX*   *$/₹*       _68.84_ 🔼😊 *€/₹*       _80.32_ 🔼🙂 *£/₹*        _89.79_ 🔼😐

Most people put off retirement planning as long as they can, but if you want to live your life after retirement the way you do it now, planning early will pay off. Start retirement planning as soon as you start earning because the power of compounding helps multiply your money faster as you earn returns on your returns. For instance, if you are 20 and want to accumulate Rs 1 crore by the time you are 60, you have to invest just Rs 850 a month, assuming 12 per cent returns per annum. But in case you don't have much time on your hands, you will have to contribute more towards the goal. If you start at the age of 30, you will have to increase your investments to Rs 2,861 per month, given all other conditions remain the same. Starting at 40 means you only have 20 years and you will have to invest Rs 10,108 per month. So start today and continue investing in a disciplined manner. But talking about some vague numbers will not help you much and you need to determine th

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New traffic rules to bring in relief: Soon carry your vehicle’s RC, insurance on your phone Soon you will not need to carry the hard copies of your vehicle documents and keep these with you always. According to a report on Times of India, the centre will soon amend the Motor Vehicle Rules as per which the authorities will have to accept the digital versions of the vehicle documents like insurance and pollution under control (PUC). The road transport ministry will issue an advisory on this matter in the next couple of days

_*Reliance Pharma Fund*_ _Why invest in Pharma Sector?_ • *Domestic growth -Multi year opportunity* - underpenetration, rising incomes • *US Business reviving, low base & currency benefits provide tailwinds* • *Focus on Insurance - huge opportunity* • *Emerging theme - Healthcare services* • *Reasonable current valuations and estimated earnings growth* _Why invest in Reliance Pharma Fund?_ • *A well-diversified multicap Pharma Fund* • *Established Performance Track Record - Fund has grown 14 times in 14 years!* • *Fund has generated a CAGR of 21% since its inception* • *Fund has been the top performer across 1 yr, 3 yrs & 5 yrs* _The Fund invests across the following *Themes*:_ • *Domestic & International* • *Branded & Generics* • *Healthcare Services - Insurance, Hospitals & Diagnostics* • *CRAMs (Contract Research & Manufacturing)* _Aim for long term capital growth by investing in Reliance Pharma Fund!_

                                                      

Daily Market Update 18 th July, 2018   Equity Market Update • Indian Equity markets closed in the green due to gains in banking stocks following reports that six public sector banks might get a capital infusion of about Rs. 80 billion from the government. Further, gains in oil &