SNMA Enterprise Pvt. Ltd.

Happy World Environment Day

🔰 *Analysing Market Movement in the last 5 aelection Result day.*

❗ *Broadly result day has been a non-event day*.

❗But 2009 was an exception because markets were recovering from 2008 Subprime crash and Indexes spiked on 18 May 2009 cheering a more stable UPA govt. 2009 was the only year, in last 5 results, when the election results were declared on a weekend (16th may 2009 was a Saturday and markets reopened on Monday).

🔰 Markets are always forward looking. Beyond the event they look out for other Major events which actually Impact the economy, businesses and profitability. Further there has never been a Major Crash in Indian Equities because of any Domestic event.

SNMA

May you be blessed with Wealth and Happiness that never diminishes.
Happy Akshay Tritiya.🙏

🔰 Last Month, Global financial markets experienced significant turbulence following the aerial assault launched by Iran against Israel.

🔰 Crude went spiralling up. However, a controlled response by Israel limits the immediate concerns of Israel-Iran engaging in a full-scale conflict or a deeper escalation.

📍 Israel did what it had to, decimating its targets in the Iranian embassy in Syria. Iran’s response looked more like a PR exercise than an actual retaliation.

🔰 Crude prices have now softened which is always the biggest concern for oil-importing countries like India, as it increases inflation which hurts everyone.

Attention is back on the general elections and upcoming results on June 4th, 2024. A comfortable victory for NDA will mean strength and stability to existing reforms and govt. action.

🔰 Calmly and quietly gold has been rising and trying to regain its lost glory. The More middle East or the world boils, the more it will shine.

Cheers.
SNMA.

May the divine blessings of Prabhu Shri Ram fill your life with joy, peace, and prosperity. Happy Ram Navami.🙏 🌺

Wishing you a very happy and colourful Holi. 🙏🌺

🔰 Ukraine’s drone attacks on Russian refining operations are driving up oil prices. These attacks have resulted in the shutdown of approximately 7% of Russian refining capacity, equivalent to about 370,500 barrels per day.

❗ Global Per day oil consumption is nearly 97 Million Barrel per day.

🔰 Compounding this disruption is decreased output from Iraq and Saudi Arabia. Iraq, the second-largest producer in OPEC, is scaling back crude exports to 3.3 million barrels per day to offset its overuse of the OPEC+ quota since January.

🔰 Beyond the supply-side constraints, a demand-driven push is expected to raise oil prices. China, the world's largest oil importer, has witnessed a significant uptick in demand. Despite underwhelming performance in the real estate sector, factory output and retail sales in China exceeded expectations during January-February.

🔰 The surge in oil prices always brings the threat of rising inflation. In September 2023, crude oil prices increased due to production cuts from Saudi Arabia and Russia, and rising demand from China, brent crude shot up to $95 Per barrel.

*SNMA WEALTH*

Did you know the difference between adding Nominees and writing a Will?

👥 Adding a Nominee is just partial succession planning. A nominee is only a trustee of the assets and is duty bound to transfer it to all the legal heirs.

✍🏼 Writing a Will on the other hand provides for the precise transfer of property as per the Will maker’s wishes.

🔒 A Will helps avoid legal contests over the asset distribution by the legal heirs, since it is made as per Indian Laws.

Hence, it is recommended that you have a Will in place to ensure the proper transfer of your hard-earned assets to your loved ones.

SNMA

🔰 Citing India’s stellar performance in 2023. Moody’s raises India’s GDP Forecast for 2024 to 6.8%. Earlier they projected it to be at 6.1%. A big shift.

🔰 India will remain the fastest growing large Economy for the next 2 years. I see this growth even prolonged for this decade, as China continues to Struggle.

India registered a better than expected 8.40% GDP growth in OCT-Dec 2023. Robust GST collection, and govt. Push on Asset Creation and Infra development would continue as the incumbent govt. is expected to come back in power in the upcoming general elections.

SNMA.

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*Should you invest in Mutual Fund NFO- (New Fund Offer)?*

🔰 There is a spree of NFO (New Fund offer) being rolled out from MFs. This is after a SEBI mandate that a fund house can only have one fund in a particular category.

📯 Fund houses create a lot of buzz around it to garner as much funds as possible. And with so much marketing, investors get tempted. *But is it worth investing in it?*

🔰 *Where do most of the Funds Invest?*

Almost 95% of Mutual Funds (Equity Components) will invest in NSE/BSE Top 500 companies, and these companies are the same as in an existing fund or be it any NFO. *_The Universe of investments remains the same where every fund manager has to dive in a pick._*

🔰 *No Track Record:* It’s better to invest in an performing existing fund of the same DNA rather than getting tempted by NFOs unless it offers a clear differentiator, Pedigree, or something really novel that doesn’t exist.

🔰 Investors should know how a Fund manager has performed over a period of time by analyzing funds past performance, *It's very important to see how a fund behaves during turbulent times, under challenging conditions, because during hay days everything blossoms.

🔰 *IMP:* NFO(New MF) are not IPOs (New Stock getting listed) which offers entirely new business metrics.

Interim Budget 2024: Highlights.

🔰 The *Budget for 2024-25 sets a tone of balanced growth despite fiscal consolidation* (a government policy that aims to reduce deficits and debt).

🔰 The budget aims to adhere to financial discipline but at the same time focuses on higher capital outlay.

*KEY POINTS*

1️⃣ *Undivided focus on Capital Investment.*

2️⃣ *Income Tax Slabs remained unchanged.* Direct tax collection tripled, return filers increased to 2.4 times, in the last 10 years

3️⃣ *Financial sector in good shape:* Gross NPA down to 3.2% (Sept 23) Vs 11.20% in FY 2018. Banks are in good shape.

4️⃣ *Strong Corporate Balance Sheet:* Less leveraged and more profitable.

As expected no BIG BANG announcements but on the right track.

SNMA.

What is an Interim Budget ?

With elections approaching, *A budget passed for the transitory period is called as an interim budget.*

🔰 Since the incumbent government *(17th Lok Sabha) is scheduled to end on 16th June 2023,* elections are expected to be held in April-May 2024.

🔰 Typically, the interim budget won’t include big and sweeping policy announcements. But it would be still important and it can be indicative of expected reforms and agendas, if the incumbent govt is reelected.

*Key Expectation:*

1️⃣ Will FM unveil significant relief measures for income tax payers and salaried individuals?

2️⃣ *Will there be efforts to enhance the attractiveness of the new income tax regime for taxpayers?*

3️⃣ *Capex focus to continue and govt may increase it by INR 1.5-2 Lakh Crore (BOB Economist)*.

4️⃣ Steering rural growth & investment likely among key themes.

On this special day, let's salute the martyrs who sacrificed their lives for our freedom.
Happy Republic Day! Jai Hind.

May this New Year bring you *Joy, Success, and Prosperity!* 🎉 Thank you for being an integral part of our success story. 🙏

*Happy New Year.* 🪄

✅ Yesterday: *All Major Indices scaled to a fresh Lifetime HIGHs.*

NIFTY 2%+ UP.
Bank NIFTY 3.50+. UP.

Such exuberance is witnessed after a long time in Markets.

📍 Near Term this sentiment will remain buoyant as incumbent govt. *Commitment for CAPEX, tax regulation, Infra reforms makes India one of the most favoured destination for diversification of global supply chain in the long run.*

Have a great day. 💐

Cheers.
*SNMA WEALTH.*

As the festival of lights illuminates our homes and hearts, we extend our warmest wishes to you and your loved ones this Diwali. May the glow of the diyas and the warmth of the festivities fill your life with happiness and prosperity.
Happy Diwali!

Wishing you an abundance of wealth and happiness on Dhanteras. 🌺🙏

Happy Vijayadashami. 🌺🙏

Happy Ganesha Chaturthi.
May lord Ganesha bless you with good health and lots of happiness.🙏

May Lord Krishan fill your life with Love, Joy & Prosperity. Happy Shri Krishna Janmashtami. 🙏🌺

As the nation's colours paint the sky and hearts swell with pride, we at SNMA WEALTH extend our warmest wishes to you on this glorious Independence Day.

On this day of freedom, unity, and triumph, we would like to take a moment to express our heartfelt gratitude for your continued trust and partnership.

Wishing you and your loved ones a joyful Independence Day filled with moments of pride, happiness, and togetherness.

The Chinese consumer price index (CPI) fell by 0.3% in July from a year ago.

As worlds largest trading Nation , exports and imports are the main channel through which chinese prices most directly impact rest of the World. *China's Export prices are nearly 10% down this year.*- This should help ease inflation in US & Europe.

No Buyers is worse than having More buyers. Deflation is deadlier than Inflation.

The cost of food, transportation, and household goods, all declined in July. vegetable prices were down 1.5%.

Chinese government is trying everything it can to revive growth. And its not working. 😊

Key Reasons are: Weak Demand, Oversupply, weakening yuan and growing mistrust of western world in China.

Deflation should be more worrisome for Debt laden China whose debt-to-GDP ratio has soared to 280%.

YS

Salute to our Heroes who stood in adversity to protect our Motherland. 🫡

The Tax Filing deadline is nearing.

Yoga means Addition.

Addition of energy, strength and beauty to Body, Mind and Soul.

Mothers are our First Friend, Best Friend & a Friend for ever.
Happy Mother's Day

What Govt. Deposits are Offering Now?

For April- June 2023 Quarter, govt increased interest rates for every savings scheme. However it choose not to increase rate for PPF. It still hangs at 7.10% where it has been for almost last 3 years. But yes PPF is open to all a Tax Free instrument, where it has an edge over all other investments.

Get MORE From Your Fixed Income.

Get to know the PROVEN Secrets to Increase your Returns by 25% and reduce your Taxes, avail this Limited Period Offer for a 15 minutes No Obligation Session. To avail the offer, WhatsApp FD to 9810104569 or reply back Fixed Income at [email protected]