Is your Mutual Fund Portfolio Underperforming?

Issue 134, Weekly Wealth Newsletter: 18th Mar 2024 – 25th March 2024

Is your Mutual Fund Portfolio Underperforming?

This week stock market experienced a significant decline, wiping off 14 lakh crore rupees from Dalal Street. The Sensex crashed 1100 points intraday, dropping below the 73,000 mark, and the Nifty was under 22,000. Although the Sensex recovered slightly by next day, it was still down 906 points.

Most of the investors fear underperformance, when market falls. It is more emotional, It is completely normal for the market to fall up to 5% from its peak or 52 week high.

It is okay to lose 2 -3% overall profits, especially when your portfolio delivering 20% XIRR. Some things are out of our control. Just like you cannot control the actions of others, you can’t control the market.

Remember investing is for mental peace and not for high returns.

Call us @ 63795 18807 to Review your Mutual Fund Portfolio

Weekly Market Update

Indian equities ended lower on Friday because of weak global cues. There are concerns on Federal Reserve Rate cut timing and hotter than expected US Inflation data.
Finance minister Nirmala Sitharaman said despite huge fluctuations globally, the Indian stock market has maintained "a certain level of sanity" and the market should be allowed to play on its own
Indian Q3 GDP Growth at 8.4% beats market expectation and estimates
Indian Economy grows at fastest pace in 6 Quarters
Retail inflation for February remains almost unchanged at 5.09%

The yield of the 10-year benchmark 7.18% 2033 paper ended higher at 7.06% on Friday compared to 7.04% on Thursday

Mutual Fund Corner

ICICI Pru Multi Asset Fund

To invest in SIP & in Mutual Funds Click the link and start your investments instantly

http://www.assetplus.in/partner/sathishkumar

Stock of the Week

ITD Cementation

CMP – 306

Target – 385 ( In 12 – 18 Months Time Frame)

ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India ( For Airport, Metro Works, Tunnelling, Highway )

Healthy long term growth as Net Sales has grown by an annual rate of 22.52%

With a growth in Net Profit of 67.98%, the company declared Outstanding results in Dec 23

The company has declared positive results for the last 5 consecutive quarters

With ROCE of 25.9, it has a Fair valuation with a 3.5 Enterprise value to Capital Employed

ROCE(HY) Highest at 21.74 %

For your Equity recommendation – open a De Mat account with Angel Broking with this link

https://tinyurl.com/yfe6m7dl

This week Media Publications

Middle Class to Million Dollar Book

To Buy my Untold Wealth Secret Book from Flipkart

Untold Wealth Secrets: Buy Untold Wealth Secrets by Sathish Kumar at Low Price in India | Flipkart.com