Snapshots that wow!

Udhaari pe consumption?

In 2021, the GNI growth rate was greater than the weighted average lending rate- i.e. the rise in incomes was enough to cover incremental interest costs. However in FY24, there was a negative difference between GNI growth rate and weighted average lending rate. Not only would this lead to lower household savings but also lower consumption till such time that GNI growth picks up.

Source :The Hindu, CEA, MOSL

Rate cuts are here!

“In every single FOMC meeting since 2009 the Fed has done exactly what the market was pricing in entering the meeting.

So unless the odds change in the next two months, a cut is coming.”

Source: Charlie Bilello

Budget and buoyant markets kill debt MFs

Having changed the taxation on debt MFs from having indexation benefits and capital gains tax to being taxed at marginal tax rate of the investor, debt MFs have been lost as a category with net sales less than 3% of equity MF net sales!

Liquid funds have seen redemption of upto 20% of equity net sales!

Source: HDFC AMC Investor Presentation

We are only Sipping on SIPs not gulping!

Though we have shared this data from CafeMutual in the past, it is surprising to us that how few people are aware of the Net SIP figure (being the actual figure of inflows for MFs). We are at similar levels at October 2023 on that front.

Source: Business Standard

We have a reason for everything!

When a FM talks of tax loss harvesting as an asset, things have gone too far.

Have a break? Have a KitKat!

In response to the Crowdstrike update induced Microsoft outage globally, and millions seeing a blue screen with a smiley face on their work screens, KitKat released the most simple and effective ad!

Source: @KITKAT