ETFs are experiencing a surge in popularity, with total assets in India reaching approximately Rs. 6.5 lakh crores. However, it’s crucial to be mindful of the impact cost, as lower liquidity in a specific ETF can lead to higher costs. For instance, within the same ETF category, such as Nifty, impact costs can vary significantly, ranging from as low as 0.02% to as high as 2%.

Investors are advised to carefully assess volume and impact cost data before making investment decisionsJaipur Wealth Management. In an interview with Navneet Dubey of BT Money Today, Arun Sundaresan, Head ETF at Nippon Life India Asset Management Ltd.Jaipur Wealth Management

(NAM India), discusses the potential risks for individual ETF investors. Sundaresan delves into whether ETFs can function as shock absorbers due to their liquidity or, conversely, contribute to increased volatility. Edited Excerpts:

BT: What are ETFs, and how do they differ from mutual funds? And how can you place ETFs in your portfolio in current market situations?

AS: Exchange Traded Funds, or ETFs as they are called, are also mutual fundsKanpur Wealth Management. The key difference is that ETFs are listed on the stock exchanges just like stocks or debt securities. ETFs replicate a particular index. For example, a Nifty ETF will have the same stocks and in the same proportion as the Nifty 50 index. Investors get to participate in the segment of markets as they choose.

Several types of ETFs allow investors to invest in equities, fixed income and commodities markets. Within each asset class, there are several funds to choose from. For instance, investors could invest in market cap-based funds like large cap, mid cap or small cap. They could also play sectors or themes like Banking, IT, Consumption, etc. through ETFs. Similarly, there are a host of fixed-income strategies and gold and silver ETFs that allow investors to make their asset allocations and have specific investment strategies. Therefore, regardless of market conditions and based on individual investment preferences, investors could choose and invest in a range of ETFs.

BT: What exactly is liquidity in the context of ETFs, and why is it so important for investors?

AS: Liquidity to ETFs is like water to fish; it’s critical that when investors attempt to buy an ETF on the exchange, there should be sellers, and vice versa. There should be sufficient trading volume in the particular ETF to ensure that the transaction happens at prices which are close to the price displayed on the exchanges. For example, think of a stock or an ETF, which is trading at a price of 100, and an investor is attempting to sell the same. When he places the sale order, it should ideally get executed at a price close to 100. Now, this would happen only if there were sufficient volume, and the stock or ETF is liquid. Else, there would be a high Impact Cost (IC), and the sale price may be, say, 97 or 98 instead of 100, in which case, the investor loses 2-3% returns due to lack of liquidity in this case. Liquidity, which is essentially good trading volume, is very important in the context of ETFs and would have a direct bearing on returns.

BT: Can you explain the difference between primary and secondary market liquidity for ETFs and how each plays a role?

AS: The trading volume that happens in the exchanges is secondary market liquidity. Good trading volume is essential for ensuring efficient transactions of ETFs on the stock exchanges. For large transactions, which are above Rs 25 crores, investors can transact directly with the Asset Management Companies.

BT: What are some key metrics investors can use to gauge the liquidity of an ETF before investing? Have you observed any recent trends in ETF liquidity, and what might be driving them?

AS: Volume of transactions and Impact Cost (IC) are two important metrics that investors have to assess before choosing to invest into ETFs. This data is available on the stock exchanges. Investors will just have to type out the name of the ETF, and they could find a lot of data about the ETF. The trading volume for any period in consideration, and the impact cost of the ETF are published. Higher trading volume and lower impact cost should be preferred.

Generally, when overall market sentiments are good, activity levels tend to go up, resulting in better volumes. However, the volumes tend to differ between different types of ETFs and within the same category between ETFs. Hence, investors need to assess the same before making any investment decisions.

BT: Do you think ETFs enhance access to diverse asset classes for retail investors due to their liquidity? In times of market volatility, can ETFs act as shock absorbers due to their liquidity, or can they exacerbate volatility?

AS: ETFs certainly offer investors the opportunity to invest across diverse asset classes. Equity, fixed income, gold, and silver are the various asset classes that investors could take exposure to using ETFs. There are various strategies within these asset classes. For instance, there are ETFs which allow investors to invest only into Government Securities and there are also ETFs which provide exposure to corporate bonds. On the equity side, there are several innovative strategy ETFs like Dividend Yield, Value, etc., through which specific strategies could be played out. Volatility in the market would impact ETFs as well, though if investors ride that out well by matching their investment strategies with their objectives, they could have a pleasant experience in the long term.

BT: Are there specific types of ETFs (e.g., smart beta, thematic) that tend to be more or less liquid?

AS: Within the ETFs, the market cap-based ETFs like Nifty, Midcap, etc tend to be relatively more popular and, hence, command higher volumes. Other types of ETFs, which are based on specific strategies, could be relatively less on liquiditySurat Stock. Hence, investors should build and reduce their exposures in these funds gradually.

BT: How do you see the liquidity landscape for ETFs evolving in India over the next few years?

AS: ETFs are gaining popularity. Total assets in ETFs in India are approximately Rs 6.5 lakh crores. This accounts for roughly 13% of the total mutual fund assets. In the global scenario, ETF assets are over 10.5 trillion USD, and in many developed countries, ETF assets account for more than 50% of the mutual fund assets. We expect significant growth in the ETFs in India in the future, which will further enhance the liquidity landscape for ETFs

BT: How crucial is it for an investor to keep track of tracking errors?

AS: An ETF should very closely replicate the underlying index. For example, if an index has delivered 10% returns, the ETF return also should be similar. Tracking Error measures how close the ETF return is when compared to the index and how volatile this difference in returns is. A lower Tracking Error would mean that the ETF is replicating the index closely. It is an indication of how well the ETF is managed and is one of the important considerations for investors.

Varanasi Investment

AMC stocks refer to shares of Asset Management Companies, which manage investment portfolios for individuals, institutions, and businesses. These firms generate revenue by charging fees based on assets under management (AUM). Investing in AMC stocks offers exposure to financial markets, benefiting from rising AUM and market performance.

The table below shows the asset management company stocks in India based on the highest market capitalisation and 1-year return.

The Market Cap of HDFC Asset Management Company Ltd is Rs. 94,373.21 crores. The stock’s monthly return is 11.18%. Its one-year return is 79.81%. The stock is 2.90% away from its 52-week high.

HDFC Asset Management Company Limited serves as a mutual fund manager, offering asset management services to HDFC Mutual Fund as well as providing portfolio management and advisory services to clients.

Their range of products includes various investment options, such as mutual funds, portfolio management services, and alternative investment opportunities designed to meet the diverse needs of their customers. The company also offers financial management, advisory, brokerage, and consulting services, with a widespread network of 228 investor service centers in over 200 cities.

The Market Cap of Nippon Life India Asset Management Ltd is Rs. 43,484.67 crores. The stock’s monthly return is 13.67%. Its one-year return is 110.35%. The stock is 7.60% away from its 52-week high.

Nippon Life India Asset Management Limited is a company that specializes in managing various types of funds, including mutual funds and managed accounts. It serves as the investment manager for Nippon India Mutual Fund.

The company also provides advisory services for equity and fixed-income funds in Japan and Thailand, manages offshore funds through its subsidiary in Singapore, and has a representative office in Dubai to serve investors across Asia, the Middle East, the United Kingdom, the United States, and Europe. Its subsidiaries include Nippon Life India Asset Management (Singapore) Pte. Ltd. and Nippon Life India AIF Management Limited.

The Market Cap of Aditya Birla Sun Life Asset Management Company Ltd is Rs. 20,910.06 crores. The stock’s monthly return is 11.79%. Its one-year return is 77.83%. The stock is 6.83% away from its 52-week high.

Aditya Birla Sun Life AMC Limited, an India-based company, specializes in offering asset management services to Aditya Birla Sun Life Mutual Fund. The company oversees the investment portfolios of the mutual fund and serves as an investment manager for Aditya Birla Real Estate Debt Fund.

Additionally, it offers portfolio management services (PMS) and investment advisory services to offshore funds and high-net-worth individuals. Subsidiaries of the company include Aditya Birla Sun Life AMC (Mauritius) Limited, Aditya Birla Sun Life Asset Management Company Pte. Limited in Singapore, and Aditya Birla Sun Life Asset Management Company Limited in DIFC, Dubai.

The Market Cap of UTI Asset Management Company Ltd is Rs. 16,505.40 crores. The stock’s monthly return is 27.75%. Over the course of one year, the return stands at 62.03%. The stock is currently 1.82% below its 52-week high.

UTI Asset Management Company Ltd, based in India, specializes in asset management services, portfolio management, advisory services, and acting as a point of presence for National Pension System (NPS) subscribers.

The company manages a wide range of assets, including domestic mutual funds, portfolio management services, international business, retirement solutions, and alternative investment assets. UTI provides portfolio management services to institutional clients and high-net-worth individuals, offering discretionary services to organizations such as the Employees Provident Fund Organization, while providing non-discretionary services to Postal Life Insurance and advisory services to various offshore and domestic accounts.

The Market Cap of Shriram Asset Management Co Ltd is Rs. 665.88 crores. The stock’s monthly return is -16.77%. Its one-year return is 133.42%. The stock is currently 36.25% away from its 52-week high.

Shriram Asset Management Company Limited, an asset management firm based in India, specializes in managing Shriram Mutual Fund’s assets. A member of the Shriram Group, the Company operates solely in India and offers a range of financial services, including commercial vehicles, consumer finance, insurance, stock broking, and chit funds. Additionally, it serves as the investment manager for Shriram Mutual Fund.

The Market Cap of Dharni Capital Services Ltd is Rs. 91.05 crores. The stock’s monthly return is 0.45%. Its one-year return is 86.25%. The stock is 17.00% away from its 52-week high.

Dharni Capital Services Limited is an India-based financial services provider, specializing in investment advisory services. The company offers a wide range of services, including mutual funds, insurance, real estate, home loans, financial advisory, equity investments, and accounting and assurance services.

Catering to diverse financial needs, it provides investment management, financial planning, income tax, accounting, and business advisory solutions. Its home loan division manages the entire process from application to disbursement.

The Market Cap of Escorp Asset Management Ltd is Rs. 75.45 crores. Its one-year return is -4.41%. The stock is 26.70% away from its 52-week high.

Escorp Asset Management Limited is an India-based company specializing in portfolio management services (PMS). It offers a range of services, including non-institutional portfolio management, investment advisory, research services, personal finance advisory, and institutional asset management.

The company’s PMS includes investments in stocks, fixed income, debt, cash, structured products, and other individual securities. PMS offerings include discretionary, non-discretionary, and advisory services. In discretionary PMS, the portfolio manager makes and executes investment decisions. In non-discretionary PMS, the investor retains decision-making control, while the portfolio manager executes trades.

The Market Cap of Vedant Asset Ltd is Rs. 19.28 croresAhmedabad Wealth Management. The stock’s monthly return is 72.45%. Its one-year return is 46.33%. The stock is 39.20% away from its 52-week high.

Vedant Asset Limited is an India-based financial services provider offering a diverse range of products, including mutual funds, insurance, loans, and Aadhaar-enabled payment services (AEPS). Its mutual fund offerings cover top equity, hybrid, debt, ELSS funds, retirement planning, and children’s investments.Mumbai Investment

The company provides various insurance options, including bike, car, health, and life insurance. Bike insurance types include comprehensive, standalone, and third-party cover. Vedant Asset also offers loans such as personal, business, home, loans against property, and professional loans, including those for doctors.

AMC stocks refer to shares of AMC Entertainment Holdings, a prominent American movie theater chain. The company gained significant attention in 2021 due to heightened interest from retail investors, particularly during the GameStop trading frenzy, leading to a surge in stock prices.

Investing in AMC stocks can be seen as a gamble due to the volatility and unpredictability of the market. Factors such as changes in consumer behavior, the impact of streaming services, and the overall recovery of the entertainment industry influence the stock’s performance.

The key feature of Asset Management Company (AMC) stocks is Market Volatility Sensitivity. AMC stocks can experience higher volatility during market fluctuations, as their revenues depend on asset management fees.

1. Performance-Linked Earnings: AMC stocks’ returns are closely tied to the performance of their managed portfolios. Positive market conditions boost assets under management, directly impacting the company’s revenue, which in turn influences the stock’s performance.

2. Operational Efficiency: Return over 6 months may also reflect the operational efficiency of the AMC. Companies with low operational costs and effective resource management tend to provide better returns, even in short periods.

3. Fee Structures Impact: The fee structure of the AMC affects its stock returns. Companies with competitive fee structures that attract more investors may show higher AUM growth, positively impacting the stock price over six months.

4. Macroeconomic Influence: AMC stocks are often influenced by macroeconomic factors like interest rates and inflation. Over a six-month period, favorable macroeconomic conditions can contribute to higher returns, while negative trends may dampen stock performance.

The table below shows the top 10 asset management companies in India based on 5-year net profit margin.

The table below shows the top AMC stocks based on a 1-month return.

The table below shows the list of asset management company stocks in India based on 5-year Avg Net Profit Margin.

The table below shows the AMC stocks based on dividend yield.

The table below shows the historical performance of AMC stocks based on 5-year CAGR.

The factor to consider when investing in asset management company stocks in India is the company’s track record. A well-established history of delivering consistent returns and managing risks efficiently is key to long-term profitability.

Market Position: An asset management company’s market position indicates its competitive edge. Companies with strong brand recognition and substantial assets under management (AUM) tend to offer greater stability and potential for growth.

Regulatory Compliance: Assess the company’s adherence to regulatory standards. Asset management firms must follow strict regulations in India, and those with robust compliance measures are less likely to face legal or financial setbacks.

Investment Strategy: Review the company’s investment philosophy and portfolio management strategy. A well-diversified and adaptable approach can provide better risk management and performance across different market cycles, enhancing your investment’s resilience.

Fee Structure: Understand the fee structure charged by the asset management company. Lower management fees can boost net returns for investors, but always balance this against the performance to ensure you’re getting value for money.

Technology Adoption: Consider how well the company integrates technology into its operations. Firms that leverage technology for data analysis, client service, and risk management often offer better transparency, efficiency, and overall performance for investors.

To invest in AMC stocks in India, you need to open a Demat account with a broker like Alice Blue. Once registered, search for AMC stocks, analyze market trends, and place buy orders through the trading platform. Monitor your investments regularly and make informed decisions based on market performance.

Market trends significantly impact Asset Management Company (AMC) stocks in India. When the market experiences bullish trends, AMCs generally benefit from increased investor participation and higher assets under management (AUM), which can drive stock prices up. Conversely, during bearish phases, reduced investment inflows and lower AUM can negatively affect AMC stock performance.

Economic conditions also play a crucial role. Factors such as interest rates and inflation influence investor behavior and, consequently, the performance of AMCs. For instance, rising interest rates might lead to a shift from equities to fixed-income investments, impacting AMCs.

Additionally, regulatory changes and market sentiment affect AMC stocks. Positive reforms and favorable regulations can boost investor confidence, enhancing AMC stock values. Keeping an eye on these trends helps investors make strategic decisions regarding AMC investments.

Understanding the performance of AMC shares during periods of market instability is crucial for investors. Volatility can lead to significant fluctuations in stock prices, influenced by factors such as trading volume and investor sentiment. In times of uncertainty, AMC stocks may experience dramatic ups and downs.

The company’s ties to the entertainment industry and ongoing changes in consumer behavior can further impact their value. Analyzing historical data and market reactions can provide valuable insights into navigating investments in AMC during turbulent times.

The primary advantage of investing in Asset Management Company (AMC) stocks in India is Diverse Investment Opportunities. AMCs offer access to a wide range of investment products, including equities, bonds, and mutual funds.

1. Professional Management: AMCs employ experienced fund managers who conduct in-depth research and analysis. Their expertise in managing investments can lead to better portfolio performance, making AMC stocks an attractive option for investors seeking professional management.

2. Regular Income through Dividends: Many AMCs provide dividends to their shareholders, offering a steady income stream. This can be particularly appealing to income-focused investors looking for consistent cash flow in addition to potential capital appreciation.

3. Growth Potential: As the Indian financial market expands, AMCs stand to benefit from increased investor participation and higher assets under management. This growth potential can drive stock value appreciation, making AMC stocks a compelling investment choice.

4. Liquidity: AMC stocks are typically traded on major exchanges, providing liquidity to investors. This means investors can buy or sell shares with relative ease, offering flexibility and the ability to react to market conditions.

5. Regulatory Oversight: The Indian financial market is regulated by authorities such as SEBI, ensuring transparency and protecting investors’ interests. This regulatory framework enhances the credibility and stability of AMC stocks, contributing to their appeal as a reliable investment.

The main risk of investing in AMC (Asset Management Company) stocks in India is market volatility. AMC stocks are susceptible to fluctuations in the broader financial markets, which can affect their performance and value unpredictably.

Regulatory Changes: Regulatory changes can impact the operations of AMCs. New regulations or amendments can alter the way AMCs manage funds, affect their profitability, or impose additional compliance costs, thereby influencing stock performance.

Market Fluctuations: AMC stocks are heavily influenced by market fluctuations. Economic downturns or volatility in financial markets can lead to decreased asset values, reducing returns for investors and potentially leading to stock price declines.

Economic Conditions: Broader economic conditions significantly affect AMCs. Economic slowdowns, inflation, or changes in interest rates can impact investment performance and reduce the attractiveness of AMC stocks, leading to potential declines in stock value.

Competition: Intense competition among AMCs can affect profitability. If an AMC fails to differentiate itself or maintain a competitive edge, it may lose market share, which can negatively impact its stock performance and investor returns.

Management Quality: The quality of an AMC’s management is crucial. Poor management decisions or lack of strategic vision can lead to underperformance, impacting investor confidence and stock value negatively. This risk is intrinsic to the company’s operational success.

Investing in Asset Management Company (AMC) stocks can significantly enhance portfolio diversification. AMCs often manage a variety of assets, including equities, bonds, and real estate, providing investors with exposure to multiple sectors and asset classes within a single investment. This diversification can help spread risk and potentially reduce portfolio volatility.

Additionally, AMC stocks can offer investors the opportunity to benefit from the expertise of professional managers who actively make investment decisions. By including AMC stocks in your portfolio, you gain access to their specialized knowledge and strategic asset allocation, which can further strengthen your investment strategy.

Investing in asset management company (AMC) stocks in India can offer significant opportunities for growth and income. These stocks are suitable for investors seeking to capitalize on the expanding financial sector and benefit from diversified investment strategies.

Long-term Investors: Individuals with a long-term investment horizon looking for steady returns should consider AMC stocks. They offer potential growth as asset management firms expand their portfolios and services.

Diversification Seekers: Investors aiming to diversify their portfolios will find AMC stocks appealing. They provide exposure to a broad range of assets managed by the company, helping mitigate risk through diversification.

Growth-Oriented Investors: Those interested in capitalizing on the growing financial market should invest in AMC stocks. As the Indian economy expands, AMCs are likely to benefit from increased assets under management and higher earnings.

Income Investors: Investors looking for regular income may find AMC stocks attractive. Many AMCs distribute a portion of their profits as dividends, offering a steady income stream in addition to potential capital gains.

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

Pune Wealth Management

Pamela, I have a BOY policy and I’m not really very astute to all the workings of insurance, and investing. All I know is I lost over $10K in commodities; it was a wild, exciting, and depressing ride to watch my investment double and triple, to absolutely crash to nothing in a few short weeks, due to my gullible ignorance. Then I lost $18K in the stock market crash 2008/2009. I guess if I know anything is I know how to lose and give it all to somebody else!

Since I opened my policy 17 months ago… my DB has increased, my loan value, and net cash surrender value have increased well beyond the cost of the policy, the PUAR and PUA have increased, and the dividend paid as well, no losses there, even while everything else out there is going up and down and all around.

I am concerned about the runaway (inflationary) aspects of our economy though. The value of the dollar is being driven down all the time, and inflation is going up, up, up, and away, etc.Bangalore Stock Exchange! You also hear things like you should have a (gold) backed IRA, and you should be buying and investing in gold and silver, for when the dollar crashes, etc. What happens to our policy values, cash values, and death benefit if the economy totally crashesUdabur Stock? All the economists like Celente, the Stansbury Group, radio talk show pundits, and advertisements, etc., are preaching the end of, and the crash of the dollar, and the world financial system as we know it, and that you should be in gold and silver and have your guns and ammo, and your private garden, and generators, and solar, and goats for milk, etc. I know there’s a ton of gloom and doom being spun to sell you the next survival gadget and investment strategy, but in all reality, if the banksters and the financial elites manage to crash the dollar, change the monetary system to a new global currency, etc., do you know what would happen to our insurance policy? If the Federal Reserve continues the runaway inflationary policies and continual pumping of fiat money into the system this will cause inflation to go sky highJinnai Wealth Management. So what happens to the dollar in our policy? What happens if they switch to a new world global currency? Do the dollar values of the policy exchange dollar for dollar, or is it exchanged for the value of the currency trading index? Which could be significantly lower or higher I assume. What is Lafayette life invested in, bonds, gold, and silver? What happens to Lafayette’s holdings, investments, and our policies if the economy and the dollar crash?

I know these are a lot of questions, and I can’t find real answers to them. Can you shed light on the subject or direct me to the correct place that can answer these questions?

Jaipur Stock

In today❼volatile economic environment, securing financial stability for employees is more crucial than ever. Annuities, as a cornerstone of retirement planning, offer a guaranteed income stream, making them an essential component of comprehensive employee benefits packages. This article delves into the pivotal aspects of selecting the best annuity companies for employee financial security, focusing on the features, benefits, and considerations that matter most. Our goal is to provide industry professionals with the knowledge to make informed decisions, ensuring the long-term financial wellness of their workforce.

Annuities are financial products sold by insurance companies that promise to pay a fixed or variable income over a period, typically post-retirementAgra Wealth Management. They are an excellent tool for managing longevity risk or the risk of outliving one❼savings. Annuities can be immediate or deferred, with various options to choose from based on the individual❼financial goals and risk tolerance.

1. Financial Stability and Ratings: The financial strength of an annuity provider is paramount. Companies with high ratings from agencies like Moody❼ A.MChennai Stock. Best, or Standard & Poor❼are generally more reliable, ensuring they can fulfill their payment obligations over the long term.

2Lucknow Stock. Fees and Expenses: Understanding the fee structure is crucial as high fees can significantly erode the value of the annuity over time. Look for companies with transparent, reasonable fees that align with the services provided.

3Ahmedabad Wealth Management. Types of Annuities Offered: Providers that offer a wide range of annuity products can cater to diverse financial needs and risk profiles. Whether it❼fixed, variable, or indexed annuities, the best companies provide options that suit different retirement planning strategies.

4. Payout Options and Flexibility: The ability to choose from various payout options, such as lifetime income, income for a certain period, or joint life options, allows for customization based on personal financial needs and goals.

5. Customer Service and Support: Exceptional customer service, including easy access to information, personal consultation, and support, is crucial, especially for products as complex as annuities.Surat Stock

6. Innovation and Additional Features: Companies that innovate by offering features like income riders, death benefits, or options for long-term care can provide added value and peace of mind for employees.

Incorporating annuities into employee benefits packages can significantly enhance financial wellness programs by providing a reliable income stream in retirement. This can lead to increased employee satisfaction and retention, as workers feel more secure about their financial future. Employers should educate employees on the benefits and considerations of annuities, helping them make informed decisions that align with their long-term financial goals.

When evaluating annuity providers, employers should conduct thorough due diligence, considering the company❼financial strength, product offerings, fees, and customer service reputation. Consulting with financial advisors or benefits consultants can provide valuable insights and help navigate the complex landscape of annuity products.

Staying informed about regulatory changes affecting annuities is essential, as these can impact product features, tax implications, and the overall attractiveness of annuities as a retirement planning tool. Employers should seek providers that are proactive in adapting to regulatory changes and offering compliant, innovative solutions.

Choosing the right annuity company is a critical decision that can significantly impact the financial security of employees. By focusing on financial stability, fees, product options, flexibility, customer service, and innovation, employers can select providers that best meet the needs of their workforce. Incorporating annuities into employee benefits packages not only enhances financial wellness but also contributes to a culture of long-term planning and security.

Surat Stock

Stocks largely recovered later in the day.

CNN had reached out to ABC News in the early afternoon to ask why Ross’ initial reporting was not included in the network’s online story about Flynn pleading guilty to lying to the FBI.

Several hours later, a spokesperson for the network told CNN that Ross would be issuing a “clarification” on “World News Tonight,” which airs at 6:30 p.m. ET.

“[A] clarification tonight on something one of Flynn’s confidants told us and we reported earlier today,” Ross said on the program. “He said the president had asked Flynn to contact Russia during the campaign. He’s now clarifying that saying, according to Flynn, candidate Trump asked him during the campaign to find ways to repair relations with Russia and other world hot spots. And then after the election, the president-elect asked him to contact Russia on issues including working together to fight ISIS.”

A tweet published by ABC News containing Ross’ initial report had been retweeted more than 25,000 times and embedded in various news stories online before it was deleted. ABC posted a “clarification” on Twitter around 8 p.m.

An ABC spokesperson said the network learned its initial reporting was incorrect at about 6 p.mJinnai Wealth Management. The network spokesperson declined to say if any disciplinary action would occur.

ABC’s decision to call its correction a “clarification” prompted immediate criticism.Varanasi Investment

“If we want to regain trust in the media, we need to admit our mistakes, especially when as consequential as this. Retract. Correct. Don’t use weasel words to describe it,” Jonathan Swan of Axios tweeted.

Greta Van Susteren blasted ABC for trying to “sugar coat” its mistake by characterizing it as a “clarification.”

Shortly before 11 p.m., after a barrage of criticism, ABC posted a new tweet with the header “Correction” instead of “Clarification” followed by the same text as the prior tweet. The original tweet was deleted.

Udabur Investment

India’s largest bank and third largest company in terms of market share, HDFC Bank is in a bloodbath on Wednesday’s trading session as investors’ mood soured over In Following this, HDFC Bank’s US-listed shares also took a major hit.

Right after earnings, HDFC Bank’s American Depositary Receipts (ADRs) listed on NYSE nosedived by 7% to close at $61.18 on January 16. This is the most single-day drop in HDFC Bank’s ADR since April 2022.

In general terms, ADRs allow U.S. investors to invest in non-U.S. companies and give non-U.S. companies easier access to the U.S. capital markets. Many non-U.SJaipur Wealth Management. issuers use ADRs as a means of raising capital or establishing a trading presence in the U.S. The non-U.S. company may sometimes be referred to as a “foreign private issuer.”, as per SEC’s FAQS.Jaipur Investment

HDFC Bank’s ADR were the first to react to the lender’s Q3 results. Meanwhile, on Wednesday, the share price listed on BSE and NSE reacted. HDFC Bank shares are top bears on both Indian exchanges.

Notably, HDFC Bank’s weightage in Nifty 50 is the highest among other constituents, at a staggering 13.52% by the end of 2023. Reliance and ICICI Bank follow with weightage of 9.20% and 7.36% respectively.

On NSE, HDFC Bank shares dived by 7.09% to hit an intraday low of Rs 1,560 apiece. The stock is currently trading at Rs 1,577.50 apiece, lower by Rs 101.65 or 6.05%.

Further, HDFC Bank shares were into a frenzied fall, nosediving by at least 6.5% to hit an intraday low of Rs 1,570 apiece on BSE. At the time of writing, HDFC Bank shares traded at Rs 1,580 apiece, down by 5.9% with a market cap of Rs 11,99,119.08

crore.

In Q3FY24, HDFC Bank’s net profit came in at Rs 16,372 crore, registering a growth of 33% from Rs 12, 259 crore a year ago same quarter. While its net interest income (NII) saw a growth of 24% YoY to Rs 28,470 crore. While the bank’s core net interest margin was at 3.4% on total assets, and 3.6% based on interest-earning assets.

Pre-provision operating profit stood at Rs 2,365 crore, up by 24.3%Agra Wealth Management. In terms of asset quality, gross NPA was at 1.26%, down from 1.34% in Q2FY24. Net NPA came in at 0.31% of net advances by the end of Q3FY24.

In its research note, brokerage Motilal Oswal said, “NII came in 2% lower than MOFSLe as reported margins stood flat at 3.4%. ‘Other income’ stood higher than our estimate at Rs 111b, aided by healthy treasury gains coupled with strong traction in core fees. During 9MFY24, PAT grew 22% YoY to Rs 541b vs. Rs 321b (ex-merger) over 9MFY23.”Jaipur Stock

Further, Motilal said, that in Q3, the margin remained flat at 3.4% despite a rise in the CD ratio and deployment of excess liquidity on the balance sheet as LCR declined sharply to 110%. It further highlighted that the margin is currently at the lower end of the spectrum and should recover to 3.7% in 18-24.

Overall, Motilal Oswal said, “HDFCB reported in-line earnings led by healthy other income and steady loan growth. Margins stood largely flat (slightly below our expectations) even as the bank deployed excess liquidity and significantly drew down the LCR ratio. Loan growth was healthy driven by growth in retail and continued traction in Commercial and Rural banking. Asset quality ratios improved while PCR also inched up to ~75%.”

Motilal also said, “The bank has continued to maintain a 0.6% buffer of floating + contingent provisions, which provides additional comfort. Management suggested that NIMs will improve gradually over the coming years, which along with an improvement in operating leverage will enable the bank to deliver healthy return ratios. We estimate HDFCB to deliver faster deposit growth at 19% CAGR while loan growth to sustain at 17% CAGR over FY24-26.”

Thus, Motilal estimates HDFCB to deliver an FY26E RoA/RoE of 1.9%/16.7%. It said, “We reiterate our BUY rating with a TP of INR1,950 (premised on 2.5x Sep’25E ABV + INR223 for subs).”

Ahmedabad Stock

A Turn Of Events

However, something curious has been happening in the bond markets since thenAhmedabad Investment. Bond yields, which crashed in December following the pivot, have been slowly creeping up.

By Tuesday, April 2, the 30-year yield had retraced 46% of its fall, rising to 4.51%. This means that the bond markets expects interest rates in the US to rise, and not fall, as should be implied by Fed’s commentary.

In other words, the rising bond yields is the markets’ way of calling the Federal Reserve’s bluff as far as ‘impending cuts’ are concerned.

At the same time, the stock markets continue to be in a party mood, hitting new highs every week, and are ensconced at all-time highs.

This raises a perplexing question: How can bond markets and stock markets have such diametrically opposing views, and more importantly, which one is right?

This conundrum can only be explained by looking at two additional factors – the ballooning US government debt and stubborn inflation levels in the US.

Bond investors seem to be betting against the benign picture painted by the Fed about the lag effect of rate hikes bringing inflation down to 2% from 3%. The bond markets seem to be betting that this may not happen, and that inflation may have already bottomed out will now again resume its upward course.Nagpur Stock

In this, they seem to be taking their cues from key inflation metrics — particularly US Core CPI and Core PCE.

For example, the core consumer price index, which excludes food and energy costs, increased by 0.4% in February compared to January. A 0.4% increase over a month implies an annualized inflation rate of 4.9% — far from the US Fed’s target of 2%.

What was more concerning was that this number was going the wrong wayHyderabad Wealth Management. In January, core CPI was at 0.3% — or an annualized rate of 3.7% — and for December, it had been at 0.2% (annualized rate – 2.4%).

In other words, inflation, instead of going down, is looking up since Fed made the pivot – betting on lag impact. Little wonder then that bond investors are betting that the Fed will be in no shape to implement the 0.75 percentage point cut everyone expects this year.

Lessons for Indian Stock Investors

This raises a key question for Indian stock investors — what will be the implications of the widely anticipated cuts in US interest rates failing to show up on Indian stock markets?

Today, the global economic landscape is intricately interconnected, and developments in the US economy, particularly the Fed’s monetary policy, can have far-reaching effects on Indian stock markets.

If inflation returns to the world’s largest economy and the US Fed is forced to maintain interest rates at 5.5% or even increase them further to rein in rising inflation, it would hit India stock markets in several ways.

First, it would lead to withdrawal of money by foreign institutional investors, attracted by the higher rates of return in the US — considered a safer market than India. Moreover, there is also the minor detail about currency risk.

Higher interest rates in the US could lead to a strengthening of the US dollar, making emerging markets like India less attractive for foreign investors. Both of these could trigger FII outflows from the Indian stock market, putting downward pressure on stock prices.

Secondly, major central banks such as the US Federal Reserve have been the fountain, nay the geyser, of liquidity that have raised stock prices to their current elevated levelsLucknow Stock. If the Fed is forced to maintain high interest rates or even raise them further, this would immediately start draining global liquidity. This tightening of financial conditions would dampen stock valuations across the world, including in India.

Third, when the US increases interest rates, the RBI and ECB are also forced to increase interest rates to combat imported inflation, as was seen in 2023. This would further raise borrowing costs for Indian companies, pressuring their profitability and, in turn, their stock prices.

Moreover, many sectors of the Indian economy, such as IT and pharmaceuticals, have significant exposure to the US market, and would be hurt by any dip in US economic activity caused by higher interest rates. This was already clearly visible through 2022 and 2023, when IT companies turned ultra-cautious and stopped adding manpower.

Hence, it is important for Indian stock investors to keep an eye on US inflation numbers, such as the March CPI numbers that are expected to be released towards the end of next week. If the month-on-month core CPI number does not ease up considerably to 0.2%, it likely implies that US inflation is turning out to be stickier than the Fed, and stock investors, expected.

Chennai Stock

Press Release

24th May 2021

Host Unknown, the undisputed global leader in information-security based videos made by three random men based mostly out of London has gained critical acclaim with its latest song created during lockdown.

Already an established acting team, the group rose up the musical charts with their hit single in 2014, “I’m a C I Double S P“, this was followed up by 2016’s “Accepted the Risk”, and subsequently by 2019’s “Lost All the Money”.

The trio’s latest video, ‘The Zoom Song‘ is an original track inspired by hip hop artists of yesteryear. But beyond the smooth lyrics, is a message which resonates with anyone that has been trapped on endless video calls and virtual events over the last year.

Sole Founder Javvad Malik explained why making this song at this time was so important. “People everywhere are strugglingKanpur Investment. The boundary between home and work has been completely eradicated and someone needed to shine a light on it. After Band Aid’s “Do They Know It’s Christmas”, I believe this is the most important song of our generation.

Adding his views, sole founder Thom Langford said, “I am all about giving people what they want and what they need. This song is exactly what they need, and I got to deliver it without being in the same room as these other two. I call that a win-win”.

Sole Founder Andrew Agnês added, “Slipping the animator £20 to make me look slimmer was the best money I spent all year.”

Watch the full music video: The Zoom Song

About Host Unknown

Host Unknown is an information security educational / entertainment group from London, England. It was the pioneer and most significant popularisers of Infosec-Rap and is widely considered one of the seminal groups (based in London) in the history of information securityMumbai Wealth Management. The group has endured controversy owing to their lyrics which many security managers viewed as being disrespectful of their trade, as well as its glorification of certifications and risk management. The group was subsequently banned from many IRC and sub-Reddit channels and have been snubbed at multiple Pwnie Awards. In spite of this, the group has amassed a huge and loyal following.

Ahmedabad Investment

New Delhi, Oct 21 (PTI) India will require about Rs 32 lakh crore of investment in the renewable energy sector by 2030 to meet its targets, Indian Renewable Energy Development Agency’s (IREDA) Chairman & Managing Director Pradip Kumar Das said on Monday.

Speaking at the 23rd India Power Forum 2024, Das called on lenders to adopt a more customer-centric and sector-focused approach, emphasizing the need for timely financial solutions and innovative offerings tailored to the renewable energy sector.

He stressed the pivotal role of renewable energy in India’s journey towards creating a net-zero-compliant power sector.Chennai Stock

Das pointed out that India will require an estimated investment of approximately Rs 32 lakh crore in the renewable energy sector by 2030 to meet its targets.

This phase will focus on ramping up renewable energy generation to meet immediate needs.Simla Wealth Management

From 2031 to 2047, the focus will shift towards developing the necessary infrastructure to support a fully decarbonized economy, creating a strong and sustainable pathway to a ‘Viksit Bharat’ (Developed India) by 2047.

This roadmap will ensure a resilient and sustainable transition to net-zero emissions by 2070.Udabur Stock

Das also underlined the significance of emerging renewable technologies such as Green Hydrogen, Offshore Wind, and E-Mobility, noting that they will also play a central role in reaching these ambitious goals.Mumbai Wealth Management

“Decarbonization is not just essential for addressing climate change, but it is also crucial for securing our future generations,” Das said adding that by adopting clean energy, India has the opportunity to unlock new economic avenues and strengthen its energy security for the long term.

Mumbai Investment

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As an investor, you want to be on the side of the winners, and AI is the winning ticket.Nagpur Stock

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Guoabong Stock