@Chins made a presentation on Ugro Capital a couple of weeks back. The video is available on youtube. It gives very nice insights into the business model of co-lending and Ugro’s competitve positioning.

https://www.youtube.com/embed/mZZEHk1RqqQ

I opened an account with the bank and also got a credit card from them. Here’s my view on their credit card strategy.
They say they design a product which they can sell to their near and dear one. And here they have made a product for which they can sell to their near and dear ones and they didn’t forgot to milk money from them.
First of all they say only flat 250 rs cash withdrawal charges and no interest, but they will give you 15000 rs cash withdrawal limit which turns out to be around 20% per annum. The zero interest will entice customers to withdraw cash but they cleverly priced it to make good amount of money for the bank.

And next thing is they say we don’t charge 48 percent per annum on your credit card revolving credit. My cibil is 805 and the rate i got is 18%. Like the low cash withdrawal fees it will also entice the customers to use idfc first credit card so that they can revlove it at a lower rate. But the catch here is they offering low rates to high cibil score customers who will pay back promptly anyway. By this they are attracting good payers to use their credit card for all of their purchases and even revolve it if they are short of funds. Bank earns MDR and intrest from the customer for revolving it. If they maintain strict onboarding process then it can make really really good amount of money for the bank while also keeping the most unsecured book very clean.
The management is employing well thought out plans to grow the credit card business. They are not at all being generous to customers but they are creating very good optics.

@Maheshfin Thanks for the reply. From the nse website link can only find out the historical list and weightage for nifty 50 and not nifty 500.

10% of companies in the index can be shuffled/changed in a year, based on exchange’s decision.
In a given year 50(10% of 500) New will come , 50 will exit or weightage will be changed.
Per my knowledge list of current companies can be found here
https://www1.nseindia.com/products/content/equities/indices/nifty_500.htm

List of the companies entered / existed yearly basis can be found here,
https://www1.nseindia.com/products/content/equities/indices/archieve_indices.htm

Not aware of any straight forward way to check that.
May be Seniors in this forum could share if any easy way.

I do have some exposure to international equities. This is for the normal three reasons: a) Portfolio Diversification: reducing some country risk , b) Ability to own assets that have no good comparable in India, c) Alpha Generation: expands the addressable universe and gives more opportunities to find undervalued assets or asset classes. For eg, it looks like Chinese equities as a whole today is undervalued.

At the moment I have 3 sources of international investing:

1. Parag Parikh Mutual Fund: 90% of my ‘managed’ equities is via Parag Parikh Flexi-Cap Fund which gives some exposure to large cap US tech companies
2. Edelweiss China Fund: as of now the only fund I could find that gives exposure to Chinese equities
3. Investments through the LRS Route. Here I mainly own 1 stock: An Italian Textile Company called Aquafil (ECNL). This company makes recycled nylon yarn. It has dominant moats and has no close comparable anywhere else in the world or in India. Being in the same industry, it is one that fits in my circle of competence and also one where I am able to get almost real time data on the company’s evolution.

Put together international stocks may be about 10% of the overall portfolio.