Unemployed investors portfolio (16-10-2024)
this was the reason i have said here at 9
GPT Infra – stand to benefit from MASSIVE Railway Capex plan? (16-10-2024)
Auditor resigned, can it impact to stock quality?
Sebi considers allowing Associations of Persons to open demat accounts (16-10-2024)
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.
The proposal if implemented would promote ease of doing business and encourage the shift from physical to electronic holdings of securities.
In its consultation paper, Sebi has proposed amending its rules to allow AOPs to open demat accounts in their names. These accounts would enable AOPs to hold securities, excluding equity shares, directly.
The AOP would need to provide its PAN details when opening the account and confirm that only permitted securities are held, ensuring the account is not used for equity shares.
The Securities and Exchange Board of India (Sebi) has sought public comments on the proposal by November 5.
The proposal came after Sebi received suggestions to allow partnership firms, AOPs, and unregistered trusts to open demat accounts in their own name, instead of only in the names of their ..
Smallcap momentum portfolio (16-10-2024)
hi sir,
your concept is very interesting and has intrigued me. thank you for sharing your wonderful strategy with us. would love to understand how to go about your strategy in the midcaps. do you have a link to the google doc you can share. can we start a seperate thread for midcap? thanks in advance.
NDA CMs to meet on Thursday as ruling alliance gets fresh momentum after Haryana win (16-10-2024)
Chief ministers and deputy CMs from the BJP-led National Democratic Alliance will meet in Chandigarh on Thursday. They will discuss development issues, the Constitution’s ‘amrit mahotsav’, and the 50th anniversary of the Emergency. PM Modi, Amit Shah, Rajnath Singh, and J P Nadda will attend. This is a first conclave of this kind in many years.
Ranvir’s Portfolio (16-10-2024)
HDFC AMC –
Q2 FY 25 Concall and results highlights –
MF Industry Data –
MF Industry’s closing AUM on 30 Sep 24 @ 67.1 lakh cr vs 46.6 lakh cr on 30 Sep 23 ( up 44 pc !!! )
Out of this, Equity AUM @ 39.9 lakh cr vs 24.8 lakh cr ( percentage of Equity AUM vs Total Industry AUM @ 59 vs 53 pc – again, massive growth )
Retail AUM @ 43 lakh cr vs 29 lakh cr
Institutional AUM @ 26 lakh cr vs 20 lakh cr
T-30 ( Top 30 cities ) AUM @ 56 vs 40 lakh cr
B-30 ( Beyond top 30 cities ) AUM @ 13 vs 9 lakh cr
Sep 24 SIP flows @ 24.5k cr vs 16.1k cr in Sep 23 ( again – massive YoY growth ). HDFC AMC’s SIP book in Sep 24 @ 3.6k cr vs 2.24k cr in Sep 23
Industry wide SIP AUMs @ 13.8 vs 8.7 lakh cr YoY
HDFC AMC’s AUM on 30 Sep @ 7.6 lakh cr vs 5.3 lakh cr on Sep 23 ( up 47 pc !!! ). Their mkt share @ 11.5 vs 11.2 pc
HDFC AMC is not a big player in the ETFs segment. Minus the ETFs, their mkt share is 12.9 pc vs 12.6 pc YoY
HDFC AMC’s equity AUM @ 4.87 lakh cr – mkt share @ 12.7 pc ( AUM up 62 pc YoY )
HDFC AMC’s Debt AUM @ 1.53 lakh cr – mkt share @ 13.4 pc ( AUM up 15 pc YoY )
HDFC AMC’s Liquid AUM @ 0.65 lakh cr – mkt share @ 13 pc ( AUM up 18 pc YoY )
Company’s Retail AUM @ 71.4 pc vs 61.9 pc for the Industry
Number of retail accounts with the company @ 2.06 cr vs 1.34 cr in Sep 23
Company’s mkt share in retail segment is 13.2 pc – highest in the Industry. No2,3,4 players mkt share stands @ 12.9 pc, 12.7 pc and 8.1 pc respectively
Q1 FY 25 financial outcomes –
Revenues – 877 vs 643 cr, up 38 pc
EBITDA – 704 vs 482 cr, up 46 pc ( margins @ 79 vs 75 pc )
Other Income – 171 vs 122 cr
PAT – 577 vs 438 cr, up 31 pc ( due increased tax rate )
89 pc of company’s investors have registered their SIPs for > 5 yrs
Company has set up a fully owned subsidiary at GIFT city – dedicated to attract NRI investments into India ( launching a total of 4 products under this subsidiary – to start with )
SEBI has given a green signal to new a new asset class that sits between a MF and PMS with a min ticket size of 10 lakhs. It ll have more flexibility wrt use of derivatives, limits on single stock ownerships, selection across mkt caps etc. This augurs well for the company as it opens up new opportunities
Company’s mkt share in the incremental fund flows is higher than their mkt share on their existing book – a key positive
Yeild on Equity, Debt, Liquid funds stands @ 68 bps, 28 bps and 13 bps respectively
B-30 cities are showing increased growth rates vs T-30 cities wrt new SIP creations, addition of new investor folios
Disc: holding, biased, not SEBI registered, not a buy/sell recommendation