Vintage Wealth Products Report Feb 24 by Prabhudas Lilladher
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Equity Markets Synopsis :-
* In January 2024, Indian benchmark equity indices snapped a two-month gaining streak.
* The mid-cap. and small-cap. indices continued their winning streak and were up 5% and 7% respectively.
* In Jan 2024, FII posted the highest outflows since Feb ’23 at USD 3.1 billion. This was offset by USD 3.4 billion of DII investment.
Debt Markets :-
* The yield on the 10-year benchmark fell to 7.14% on January 31, 2024 as against 7.18% in December 2023.
* Consumer Price Index (CPI) increased slightly to 5.7% in Dec’23 as against 5.6% in November’23.
* Wholesale inflation (WPI) reached a nine-month peak of 0.73% in Dec 2023.This marks the second conservative month of positive inflation following 0.26% in Nov’23.
* The core-core inflation (i.e. core inflation ex petrol and diesel) eased to 3.9% in Dec 2023 from 4.2% (YoY) in November.
* Industrial production growth (IIP) dropped to 2.4% (YoY) in November versus 11.7% (YoY) in October as a result of shift in the festive season
Mutual Funds:-
* Equity funds witnessed a 28% surge in inflows, reaching ? 21,780 crore in January. This marks the 35th consecutive month of positive inflows into equity funds, starting from March 2021.
* Debt mutual funds experienced a notable turnaround with an inflow of ? 76,469 crore in January 2024, marking a significant shift from ? 75,560 crore outflow witnessed in December 2023.
* The SIP contribution reached a new record high of ?18,838 crore in January 2024, compared to ?17,610 crore in December’2023.
* Mutual funds' asset under management (AUM) reached ? 52.74 lakh crore in January 2024 as compared to ? 50.78 lakh crore in December 2023
The report attached also entails 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:
* Prabhudas Lilladher - AQUA PMS
* Abakkus - All Cap Approach PMS
* Abakkus - Emerging Opportunities PMS
* ICICI Pru - PIPE Portfolio PMS
* Ambit - Good & Clean PMS
* White Oak - India Pioneers Equity Portfolio
* Ambit - Emerging Giants PMS
* Ambit - Coffee Can PMS
* Prabhudas Lilladher - Multi Asset Dynamic Portfolio
* ASK - Indian Entrepreneur Portfolio
* 360 One - Multicap PMS
Above views are of the author and not of the website kindly read disclaimer
