Issue 131, Weekly Wealth Newsletter: 26th Feb 2024 – 4th March 2024
Call us @ 63795 18807 to Review your Mutual Fund Portfolio
Weekly Market Update
- Domestic equity markets rose for the second consecutive week as key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.99% and 0.78% respectively
- The rally in the market was broad-based as the mid-cap segment and the small-cap segment also closed the week in green.
- Domestic rose during the week following the improvement in PMI Services flash data of Feb 2024 from Eurozone along with impressive earning report from a major U.S. tech company.
- Sentiments were boosted after PMI flash data of Feb 2024 for both manufacturing and services activities increased for the domestic economy. However, rising U.S. Treasury yields along with growing tensions in the Middle East, restricted the gains.
- On the BSE Sectoral front, S&P BSE Realty experienced gain of 4.07% supported by positive sentiments by the investors in anticipation of growth in the sector.
- S&P BSE Oil & Gas fell 1.92% during the week as investors preferred to book profits to accumulate the gains from recent rally
Mutual Fund Corner
Quant Flexi Cap Fund
Flexi Cap Fund : The fund has 87.21% investment in domestic equities of which 29.63% is in Large Cap stocks, 16.81% is in Mid Cap stocks, 27.38% in Small Cap stocks. The fund has 4.89% investment in Debt, of which 4.89% in Government securities
Stock of the Week
ICICI Bank
CMP – 1022
Target – 1200 ( In 6 – 12 Months Time Frame)
For your Equity recommendation – open a De Mat account with Angel Broking with this link
This week Media Publications
At this week Nanayam Vikatan – Business Vs Mutual Funds – Where to Invest your Money? Pick up your copy, magazine is at your nearest stands.
Middle Class to Million Dollar Book
To Buy my Untold Wealth Secret Book from Flipkart
This Newsletter is from Creating Wealth Company – For Private Circulation only.
For more information connect with Sathish Kumar @ 9841058689
You can also connect with us investments@sathishspeaks.com
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Disclaimer
Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme-related documents carefully. The past performance of the mutual fund is not necessarily indicative of future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purposes only and contains information, opinions, and material obtained from reliable sources every effort has been made to avoid errors and omissions and is not to be construed as advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means is prohibited.
