Weekly Wealth Report
Issue 157, Weekly Wealth Newsletter: 26th Aug 2024 – 2nd Sept 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
Issue 157, Weekly Wealth Newsletter: 26th Aug 2024 – 2nd Sept 2024
Which Category is Best to Invest in this Volatile Market?
Markets are always volatile and never stable. Investors know that the market will peak and movies cyclical, where it booms and corrects periodically. But what to do during extreme ups or extreme downs?
Taking the wrong choice can cause a significant loss or completely erase all the wealth that you have previously created in your portfolio.
There are options like aggressive hybrid and dynamic asset allocation funds (DAAF). A DAAF follows an intelligent asset allocation strategy within the fund.
The debt-equity ratio is periodically balanced and changed based on market conditions and requirements. If the market is corrected and undervalued, the fund automatically increases the equity component and reduces the debt component with the growth forecast in mind.
Whereas, if the market is overvalued already, the fund will reduce the equity exposure and increase the debt component to avoid the fund from facing heavy market corrections leading to a loss.
Call us @ 63795 18807 to Handpick High Performing Funds and Stocks for your Portfolio
Weekly Market Pulse
Domestic equity markets rose for the second consecutive week as key benchmark indices BSE Sensex and Nifty 50 rose 0.81% and 1.15%, respectively. The rally was broad-based as the mid-cap segment and the small-cap segment closed the week in green..
Domestic equity markets experienced gains during the week, fuelled by anticipation that the U.S. Fed Chairperson might deliver distinct indications regarding the probable magnitude of a rate reduction in Sep 2024, during the forthcoming Jackson Hole Symposium on Aug 23, 2024.
Gains were extended following a fall in global crude oil prices due to ease in geopolitical tensions after Israel has accepted a proposal to bridge differences holding up a cease-fire and hostage release in Gaza.
However, gains were restricted after recent data released on Aug 21, 2024, indicated that U.S. job growth over the past year was considerably less robust than previously estimated.
BSE Consumer Durables rose 3.99% on expectation of sales growth during the upcoming festive seasons
Mutual Fund Corner
ICICI Balanced Advantage Fund
ICICI Balanced Advantage Mutual Funds are deemed suitable for investors who have a low-risk appetite but want to enjoy steady returns on their investments.
This Hybrid Fund helps such investors to even out the risk that comes along with investing in just one type of asset class.
Why to consider ICICI Pru Balanced Advantage Fund?
- Low Beta Fund
- Ready Made Portfolio with Automatic Asset Allocation & Rebalancing
- Entry and Exit at any point
The purpose of these funds is to enhance and diversify an investment portfolio through Auto Asset Allocation across Debt & Equity. This will ensure your portfolio yield reasonable returns with very low volatility. Investors who wish to participate in equity markets with relatively conservative approach can invest in this scheme
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
( You can also call us @ 7810079946 )
Stock of the Week
Kotak Bank
CMP – 1816
Target – 2299 ( In 12 – 18 Month’s Time Frame)
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.
- Strong Long Term Fundamental Strength with an average Return on Assets (ROA) of 1.85%
- With a growth in Interest of 3.57%, the company declared Very Positive results in Jun 24
- High Institutional Holdings at 60%
- The Bank has a high Capital Adequacy Ratio of 19.58% signifying high buffers against its risk-based assets
- With ROA of 2.3, it has a Fair valuation with a 3.7 Price to Book Value
- Healthy long term growth as Net profit has grown by an annual rate of 21.72%
For your Equity recommendation – open a De Mat account with Angel Broking with this link
This Week Media Publications
Click here to Visit Nanayam Vikatan Article by Sathish Kumar
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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.
