IGI Logo

Prabhudas Lilladher has published its latest Vintage Wealth Products - Monthly Update report, providing an overview of performances across wealth-building products in February, in addition to how equity and debt markets fared. The detailed report has been attached to this email. Here are the key highlights from the same:

Equity Markets Synopsis:-

1. Following a flat start in January, both the Nifty and the Sensex showed positive momentum in February 2024. The BSE Small Cap index declined by 1% in February, whereas the BSE Mid Cap index witnessed gains of 1.6% during the same period.
2. Foreign Portfolio Investors (FPIs) displayed a notable shift in sentiment, turning net buyers of equities worth USD 0.5 billion in February 2024. Domestic Institutional Investors (DIIs) continued their positive stance, purchasing net equity worth USD 3.1 billion in February 2024.

Debt Markets:-

1. G-Sec yields moderated during the month with the 10-Y G-Sec yield ending at 7.08% on February 29.
2. In January 2024, the Consumer Price Index (CPI) inflation witnessed a decline, reaching a 3-month low of 5.1%. Core inflation, (excluding petrol and diesel), also showed a downward trend in January 2024, easing to 3.7% compared to 3.9% in December.
3. In January 2024, WPI inflation also remained muted at 0.27% compared to 0.73% in December 2023.

Mutual Funds:-

1. The robust net equity inflow of ? 26,866 crore in February 2024 marks the continuation of a positive trend extending over 36 consecutive months. Debt mutual funds witnessed inflow of ? 63,808.82 crore in February 2024. Monthly Systematic Investment Plan (SIP) contributions surged to a fresh high of ?19,186 crore.
2. The total Assets under management (AUM) of mutual funds stood at ? 54.54 lakh crore in February, as against ? 52.74 lakh crore in January.
3. The update published also includes strategic overviews, including holdings and returns of top portfolio management services and Alternative Investment Funds in the country, along with their key leaders and insights.

PMS funds included in the report:-

1. Prabhudas Lilladher - AQUA PMS
2. Abakkus - All Cap Approach PMS
3. Abakkus - Emerging Opportunities PMS
4. ICICI Pru - PIPE Portfolio PMS
5. Ambit - Good & Clean PMS
6. White Oak - India Pioneers Equity Portfolio
7. Ambit - Emerging Giants PMS
8. Ambit - Coffee Can PMS
9. Prabhudas Lilladher - Multi-Asset Dynamic Portfolio
10. ASK - Indian Entrepreneur Portfolio
11. 360 One - Multicap PMS

Above views are of the author and not of the website kindly read disclaimer