Month: December 2024

Invest in your future with Nippon India Growth Fund

Investing through a systematic investment plan (SIP) can significantly enhance your wealth over time. With the Nippon India Growth Fund, a monthly investment of **₹10,000** since its inception on **October 8, 1995, would have grown your total investment of ₹34.9 lacs to an astounding ₹25.5 crores This translates to an impressive 23.33% annualized return, showcasing the power of long-term investing. Start your journey towards financial growth today!

HDFC Flexi Cap Fund – Insights

The HDFC Flexi Cap Fund, managed by HDFC Asset Management Company since 1995, stands out as a premier option for investors seeking long-term capital appreciation through a diversified equity portfolio. With a remarkable track record, the fund has demonstrated impressive performance across various investment horizons. For instance, an investment of ₹10,000 per month since inception would have grown to approximately ₹20.65 crore, highlighting the power of disciplined investing and compounding.

The fund’s dynamic investment strategy focuses on a mix of large-cap, mid-cap, and small-cap stocks, allowing it to capitalize on diverse market opportunities. With consistent returns—34.55% over the last year, 25.38% over three years, and 22.84% over five years—the HDFC Flexi Cap Fund has outperformed its benchmark, the NIFTY 500 Total Returns Index. This solid performance is a testament to the effective management and rigorous fundamental analysis employed by the fund’s team. For those looking to invest wisely, the HDFC Flexi Cap Fund offers a robust option for long-term growth.

Mutual Fund Investing – Direct Vs. Regular Plans    

Understanding Mutual Funds: Regular vs. Direct Plans 13 Aug, 2024

Anil Singhvi, Managing Editor Zee Business, explores the intricacies of Mutual Fund Regular and Direct plans on Zee Business Show – Mutual Fund ki Master Class. A striking statistic reveals that 95% of SIPs under Direct plans are redeemed within three years, and 98% within five years. This highlights a critical issue: without the guidance of an advisor, investors often struggle to maintain their investments for the long term, leading to missed opportunities for significant wealth creation.

While Regular plans come with a higher expense ratio, the benefits of working with a qualified advisor are substantial. Investing in expert guidance can prove invaluable, especially for those who are not yet seasoned investors. It’s essential to recognize that the fees paid to a good distributor or advisor in a Regular plan are a worthwhile investment.

As you navigate your investment journey, consider the long-term implications and the potential for growth when deciding between Regular and Direct plans. Invest wisely and prioritize your financial future!

Market Update Dec 9 2024

Market Overview – December 9, 2024

Equity Markets:
As of December 9, 2024, the Indian equity indices showed mixed performance. The S&P BSE Sensex declined by 0.25% to close at 81,508, while the Nifty 50 also saw a slight drop of 0.24% to 24,619. In contrast, the Nifty Free Float Midcap 100 and Smallcap 100 indices recorded gains of 0.50% and 0.19%, respectively, highlighting resilience in mid and small-cap segments.

**Global Equity Indices:**
Across the globe, the Dow Jones fell by 0.54%, and the NASDAQ Composite decreased by 0.62%. However, the FTSE 100 in the UK gained 0.52%, signaling varied trends in global markets.

Bond Yields:
In fixed income, India’s 10-year government bond yield stood at 6.72%, reflecting stable conditions in the bond market. The 91-day Treasury bill yield was at 6.40%.

**Commodities:**
Brent crude oil prices were recorded at $72.14 per barrel, while gold was priced at $2,660 per ounce.

Forex Markets:
On the currency front, the Indian Rupee traded at 84.73 against the US Dollar.

Disclaimer:
Please note that these figures are for informational purposes only and not investment advice. Always conduct thorough research or consult a financial advisor before making investment decisions.

Stay updated with market trends and make informed financial choices!

Stock on Radar: IDFC First Bank

IDFC First Bank has recently experienced a notable price correction, declining from ₹94 to ₹66. This shift presents an intriguing opportunity for investors to reassess the bank’s robust fundamentals. Currently trading at a Price-to-Earnings (P/E) ratio of 20.8, IDFC First Bank showcases impressive growth metrics, including a **5-year revenue CAGR of 20%** and a **profit CAGR of 29%**. These figures reflect the bank’s strong operational performance and effective management strategies.

Institutional interest in IDFC First Bank has also been on the rise, with Foreign Institutional Investors (FIIs) increasing their stake from **19.5% to 27.3%** and Domestic Institutional Investors (DIIs) boosting theirs from **11.73% to 16.19%** as of September 2024. This growing confidence among institutional investors underscores the bank’s potential for future growth.

With its focus on retail lending and digital initiatives, IDFC First Bank is well-positioned to capitalize on the increasing demand for banking services in India. As such, it presents an attractive investment opportunity for those looking to enhance their portfolios.

Investors are encouraged to keep IDFC First Bank on their radar, conduct thorough research, and consult with a registered financial advisor before making any investment decisions.

Stock on Radar – SW SOLAR

SWSolar: Opportunity Amidst Market Corrections

SWSolar, a prominent player in the renewable energy sector, is gaining traction among investors for its strong financial performance and strategic growth potential. With a projected revenue of ₹3,700 crore for FY24-25 TTM basis and a robust order book of ₹8,000 crore, the company is demonstrating its operational resilience and efficiency.

Notably, SWSolar has achieved net profitability, Its stock price has corrected from ₹800 to ₹509 and looking attractive.

The company’s growth story is further validated by rising institutional investor confidence. During the September 2024, foreign institutional investors (FIIs) increased their stake from 10% to 14%, while domestic institutional investors (DIIs) raised their holdings from 9.09% to 9.7%. These moves reflect a bullish sentiment towards SWSolar’s long-term growth potential.

As the renewable energy industry continues to expand, SWSolar is well-positioned to benefit from the global transition to sustainable energy solutions. However, investors are urged to conduct thorough research and seek advice from a registered financial advisor before making any investment decisions.

Disclaimer: This is not a stock recommendation. The information provided is for educational purposes only. Investors should perform their own research or consult a registered financial advisor to align investments with their financial goals and risk tolerance.

Exciting Milestone – channel Partnership with Kotak Securities

Thrilled to announce that BetterKarts is now official Channel Partner with Kotak Securities- Connect vertical, marking a new beginning in our journey towards Financial Empowerment for all Indians

Stock on Radar – Kotak Mahindra Bank

Kotak Mahindra Bank Stock is trading at Rs 1754 below 200DMA levels with PE 18 which is at 10 year low, looking attractive at this level for long term Investors. For more insights stay tuned.
Disclaimer: Information provided is solely for educational purpose and not a recommendation to buy. Always do your research or consult a registered advisor before investing.

GST Collections in November 2024: Mop-up Rises by 8.5% to ₹1.82 Lakh Crore

GST Mop-Up Rises 8.5% to ₹1.82 Lakh Crore in November

India’s Goods and Services Tax (GST) revenue surged by 8.5% in November 2024, reaching ₹1.82 lakh crore compared to ₹1.68 lakh crore in the same month last year. This marks a significant milestone in India’s financial landscape, showcasing steady economic recovery and robust domestic consumption.

Key highlights include:

Domestic GST collections rose by 10.3% year-on-year to ₹11.04 lakh crore.
Import GST collections saw a moderate growth of 5.9%.
Total GST refunds during April–November stood at ₹1.66 lakh crore, reflecting a 10.2% increase.
Central GST (CGST) grew by 12.2%, and State GST (SGST) increased by 12.6%.
Experts attribute the growth to increased domestic activity and a resilient economy, though global geopolitical factors and subdued import activity may temper future gains.

Stay updated with the latest economic insights and trends by following us.

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India’s Goods and Services Tax (GST) revenue saw a significant rise in November 2024, with collections increasing by 8.5% year-on-year to reach ₹1.82 lakh crore. This growth marks a substantial improvement compared to the ₹1.68 lakh crore collected in November 2023, according to data released by the Finance Ministry.

Breakdown of Key Highlights

  1. Robust Domestic Activity Boosts Collections
    • GST collections from domestic activity grew by 10.3% year-on-year, totaling ₹11.04 lakh crore.
    • However, the growth from imports was limited to 5.9%, indicating slower momentum in global trade and non-petroleum imports.
  2. Refunds and Net Collections Show Positive Trends
    • Total GST refunds issued during the April-November period amounted to ₹1.66 lakh crore, marking a growth of 10.2% compared to the same period last year.
    • The cumulative GST mop-up for April-November 2024 reached ₹14.6 lakh crore, which is 9.3% higher than the corresponding period in FY24.
  3. Segment-Wise Growth
    • Central GST (CGST): Collections rose by 12.2% year-on-year.
    • State GST (SGST): Witnessed an increase of 12.6%.
    • Integrated GST (IGST): Growth was relatively modest at 5.5%.
  4. Sectoral Indicators and Economic Implications
    • According to tax experts, the domestic GST revenue growth of 10% aligns with rising domestic consumption and supports India’s GDP growth projections for FY25.
    • Economic uncertainties and geopolitical tensions could potentially slow down GST growth in the coming months.

Market Conditions and Outlook

While November’s numbers indicate a healthy recovery, monthly-on-month collections have slightly declined from October’s ₹1.87 lakh crore, primarily due to a reduction in festive-season spending. Experts highlight that while consumption in rural India is stabilizing, urban consumption remains a critical driver of GST revenue growth.

Conclusion

The GST mop-up for November reflects strong domestic economic activity, despite slower import growth. With a year-to-date (YTD) GST growth of 9%, India is on track for robust fiscal performance, although certain macroeconomic factors could influence future collections.