Vinidhan - Student Managed Investment fund

EPFA (The Investor Education and Protection Fund Authority) is launching several initiatives to address delays in claim settlements, including outreach programs in five cities, a new five-digit call code and tweaking rules to expedite claim settlements. Additionally, a revamped IVRS (interactive voice response system) and call centre will go live to resolve customer queries. There is significant delay in claim settlements due to physical verification of several documents in the recent process.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (18th August 2024)

The_Weekly_Wrap_18th August 2024.pdf

India’s core sector growth was 4% in June 2024 from 6.40% in May 2024. There are 8 core industries which includes coal, crude, oil, steel, cement, electricity, fertilisers, refinery products and natural gas. 5 of the 8 core industries has witnessed a slowdown in growth in June 2024. The IIP (Index of Industrial Production) is expected to rise to 3.50-5 % in June 2024. The growth of crude Oil and refinery products contracted by 2.60% and 1.50% respectively. Coal and electricity generation demonstrated strong growth by 14.80 % and 7.70% respectively. Steel grew by 2.70%, cement showcased a 1.90% growth and the output for natural gas rose by 3.30% and fertilizer production rose by 2.40%. These industries account for 40% weight in the IIP.

The Weekly Wrap 04th August 2024.pdf

Vinidhan portfolio holding and performance comparison with benchmark Nifty 100, for the month of July 2024.

Vinidhan - The Student Investment Fund presents - Vinidhan Portfolio Performance.

India’s Green Hydrogen market got a thrust as the World Bank approved a USD 1.50 Bn loan to help India accelerate low-carbon energy development by promoting a market for green hydrogen. It will allow India to scale up renewable energy and encourage finance for low-carbon energy investments. The Indian economy is expected to expand at a rapid pace and decoupling this from rising emissions will require scaling up renewable energy with a push from the private sector.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (30th June 2024)

The Weekly Wrap (30th June 2024) .pdf

India’s NDT (Net Direct Tax) collections for the period of Apr 2024 to Jun 2024 are reported at INR 4.62 lakh Cr. This is a 21% increase YoY from Apr 2023 to Jun 2023 period. PIT (Personal Income Tax) at INR 2.81 lakh Cr contributes highest at 60.80% of total NDT. CIT (Corporate Income Tax) comes second at INR 1.80 lakh Cr. The increase in tax collections is primarily attributed to increase in number of taxpayers in personal tax bracket witnessed from FY24 onwards and the growth in number of SME units paying taxes which lead to increase in corporate tax increase.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (23rd June 2024)

The Weekly Wrap (23rd June 2024).pdf

India's forex reserves increased by USD 4.30 Bn, reaching a record high of USD 655.80 Bn as of June 7, 2024. This surpasses the previous week's USD 651.50 Bn. FCAs (Foreign Currency Assets) rose by USD 3.77 Bn to USD 576.30 Bn. Gold reserves climbed by USD 481 Mn to USD 56.98 Bn, SDRs (Special Drawing Rights) by USD 43 Mn to USD 18.16 Bn, and IMF reserves by USD 10 Mn to USD 4.33 Bn.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (16th June 2024)

The Weekly Wrap 16th June 2024.pdf

India's forex reserves jumped USD 4.83 Bn to a new alltime high of USD 651.51 Bn. In the previous reporting week, the overall reserves had dropped USD 2.02 Bn to USD 646.673 Bn. The foreign currency assets, a major component of the reserves, increased by USD 5.06 Bn to USD 572.56 Bn. The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased USD 212 Mn to USD 56.50 Bn during the week.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (9th June 2024)

The Weekly Wrap (9th June 2024).pdf

Vinidhan portfolio holding and performance comparison with benchmark Nifty 100, for the month of May 2024.

Vinidhan - The Student Investment Fund presents - Vinidhan Portfolio Performance.

The RBI (Reserve Bank of India) has transferred a record
surplus of INR 2.10 lakh Cr to the central government for
FY24, surpassing expectations. This windfall, due to higher
interest income from overseas securities and LAF
operations strengthens the government's fiscal position
and may reduce borrowing. The windfall is well above the
INR 1.05 lakh Cr estimated in the Interim Budget for FY25.
The surplus, determined by the ECF (Economic Capital
Framework), includes an increase in the CRB (Contingent
Risk Buffer) to 6.50% for FY24.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (26th May 2024)

The Weekly Wrap 26th May.pdf

India's foreign exchange reserves experienced a decline of USD 2.41 Bn to USD 637.92 Bn as of April 26, 2024 as per the RBI (Reserve Bank of India) data. This follows a previous decrease of USD 2.83 Bn to USD 640.33 Bn for the week ending on April 19, 2024. According to the RBI's Weekly Statistical Supplement, FCAs (Foreign Currency Assets) fell by USD 1.16 Bn to USD 559.70 Bn. Gold reserves also witnessed a decline, decreasing by USD 1.28 Bn to USD 55.53 Bn.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (5th May 2024)

The Weekly Wrap (5th May 2024).pdf

India’s Net Direct Collections increased to INR 19.58 Lakh Cr in FY24, a 17.70% YoY increase compared to INR 16.64 Lakh Cr in FY23. The collections in FY24 exceeded the budgeted estimates of INR 18.23 Lakh Cr by INR 1.35 Lakh Cr and the revised estimates of INR 19.45 Lakh Cr by INR 13,000 Cr. Both corporate and personal tax contributed to the growth. Net corporate taxes for FY24 stood at INR 9.11 Lakh Cr up 10.26% compared to INR 8.26 Lakh Cr in FY23 whereas net personal income tax collections were at INR 10.44 Lakh Cr, up 25.23% over FY23 collection of INR 8.33 lakh Cr.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (28th April 2024)

The Weekly Wrap (28th April 2024).pdf

India’s retail inflation measure, CPI (Consumer Price Index) declined to 4.85% for the month of March 2024 from 5.09% in February 2024. Despite the decrease in retail inflation the main cause of worry remains, given the high inflation rate in food and beverages which is recorded at 7.68% and contributes 45.86% to total CPI. The major reason for persistently high inflation in food and beverages is on account of high prices for vegetables and pulses.

Vinidhan - The Student Investment Fund presents - The Weekly Wrap (14th April 2024)

The Weekly Wrap (12th April 2024).pdf