Weekly Wealth Report
Issue 170, Weekly Wealth Newsletter: 25th nov 2024 – 2nd dec 2024
(Weekly Wealth Newsletter and a Private Circulation from Creating Wealth Company)
Curated by
Mr. Sathish Kumar
Founder – Creating Wealth Company
Crorepathi Creator | Financial Consultant | Author | Speaker | Columnist | Youtuber
Phone – 9841058689
Mail – creatingwealthadvisory@gmail.com
Web – www.sathishspeaks.com
Is the Market Correction an entry opportunity?
Download this NewsLetter as a PDF
A mix of factors around FII outflows and Valuations are driving the recent market correction.
With the continuation of the market fall in November, frontline Indian equity indices such as the NIFTY 50 Index (TRI) are down by 10% from the 52 Week high.
Indian Equities – Fundamentals remain strong, my medium to long term view is positive outlook on Indian equities remains unchanged driven by the structurally robust domestic growth outlook, healthy corporate profitability and supportive pro-growth policies. India remains amongst the fastest growing major economies, and is expected to retain that position as per IMF forecasts
This FPI linked sell-offs is an opportunity to increase your allocations to equities as an asset class.
Market expect government to increase their spending from FY 25 Budget and that will trigger additional consumption
The Indian government is stepping on the gas to grow at more than 7% annually and is hoping to achieve $7 trillion by 2030, it is the best time to take advantage of this correction.
Successful investment strategy requires regular reviewing and investor should buy funds at lower levels you can always reach us @ 78100 79946 for your portfolio review and rebalance
Weekly Market Pulse
- Domestic equity markets rose during the week after witnessing fall in the previous week as key benchmark indices BSE Sensex and Nifty 50 rose 1.98% and 1.59%, respectively.
- The rally was broad-based as the mid-cap segment and the small-cap segment both closed the week in green.
- Trend reversed, driven by an across-the-board rally led by heavyweight stocks and lower-level value buying. Strong buying by domestic institutional investors and a firm trend in the U.S. markets also supported the sentiment.
- Gains were extended following a favourable exit poll result for the front led by the ruling party at the Centre in Maharashtra and Haryana assembly elections, indicating a signal of policy continuity with emphasis on infrastructure and capex.
- Yield on the 10-year benchmark paper (6.79% GS 2034) rose by 2 bps to close at 6.85% from the previous week’s close of 6.83%.
- The U.S. District Court and the Securities & Exchanges Commission filed bribery allegations against the chairman and other executives of a prominent domestic conglomerate.
Mutual Fund Corner
Edelweiss Business Cycle Fund
The Edelweiss Business Cycle Fund evaluates businesses combining Momentum with Value ( PE, PB, EBITDA, Div Yield ) Quality ( ROE, ROCE) and Growth ( EPS, Operating Margin )
This fund invest in a factor-based approach to capture trends in business cycles.
Why to consider Edelweiss Business Cycle Fund?
- Filter from top 300 stocks by market cap for investable universe.
- Market-cap bias – Aims to maintain equal allocation between large caps and mid/small caps.
- Key factors used in the model – Growth, Quality, Value & Momentum.
- Construct portfolio of 60 stocks across large cap and mid/small cap universe.
- Select top ranked stocks from each factor combination based on their scores (Value+Momentum; Growth+Momentum; Quality+Momentum)
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
( You can also call us @ 78100 79946 )
Stock of the Week
Hyundai India Motors Ltd
CMP – 1838
Target – 2299 ( In 12 – 18 Month’s Time Frame)
Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer in the world based on passenger vehicle sales.
HMI offers a broad portfolio of 13 models, including sedans, hatchbacks, SUVs, and electric vehicles (EVs). It has been a key exporter, ranking second in India from April 2021 through June 2024, and has sold nearly 12 Mn vehicles domestically and internationally since inception.
HMI has two manufacturing facilities in Chennai. The Chennai plant is one of Hyundai’s largest global plants outside Korea, with an annual production capacity of 824,000 units.
Including the Promotor and Institutional Holdings adds upto 95%
The company has declared flat results in Sep 2024
Nil debt company
Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
For your Equity Recommendation, Pls call us 78100 79946
This Week Media Publications
This week at Nanayam Vikatan, How a SWP can support you as your Monthly Income?
Read this article by clicking down below
My Book Publications
My First 1 Crore Club
Are you still dreaming to achieve a net worth of ₹1 crore?
Still dreaming how to make 1crore?
Still Wondering how a salaried person/professionals can make 1cr?
To all the questions in your mind here is the potential ways to build it through Mutual Funds, Stocks and Much More…
Still dreaming how to make 1crore?
Still Wondering how a salaried person/professionals can make 1cr?
To all the questions in your mind here is the potential ways to build it through Mutual Funds, Stocks and Much More…
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
Visit – www.sathishspeaks.com for More Details.
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.
