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 Message from CEO…

Following October's reading of US consumer prices, which gave investors

faith that inflation has peaked and the US Fed will maintain its policy of
keeping interest rates low, worldwide stock markets have increased this past week. A c t u a l l y ,
the idea of the central bank taking less hawkish action was welcomed by investors. This year, the US
central bank has raised interest rates four times in a succession by 0.75% points in an effort to curb
the rate of inflation. Notably, the consumer price index for October increased just 0.4% for the
month and 7.7% from a year earlier, which is a decrease from the previous month's 8.2% annual rate
and the lowest annual growth since January.
In the third quarter of 2022, the U.K. GDP shrank by 0.2%, potentially indicating the beginning of a
prolonged recession. The longest recession to hit the nation since records began was predicted by
the Bank of England last week. Because of the nation's historically high cost of living, real earnings
are being squeezed by rising energy and tradeable goods costs. Chinese stock markets rose as
reports that China was loosening its strict Covid regulations helped luxury goods shops as well as
firms tied to commodities.
Talking about the Indian Markets, after a poor month of September, there has been a notable
improvement in foreign investor mood, which is supporting the domestic stock market. Nearly the
course of the period, foreign investors have accumulated stocks worth over $3 billion. In spite of
concerns about a worldwide recession, the most recent quarter's results season has revealed the
inherent strength of the Indian economy. The banking industry is doing well thanks to strong asset
quality improvements, outstanding lending growth, and expanding profits. The cars and auto
ancillaries sector reported strong results this quarter and achieved an impressive annualised
revenue growth of 31%.
In the month of October, Govt. has collected GST revenue of ₹ 1,51,718 crore. Mutual Fund witnessed
inflow of ₹ 14,047 crores. SIP Contribution stood at ₹ 13,041 crores. AMCs have increased Paper &
Energy sector’s weightage in their portfolio compare to last month as well as last year.
As a result of the global slowdown and rising local interest rates, Moody's reduced India's GDP
growth predictions for 2022 from 7.7% to 7%. Future market trends will continue to be influenced by
both domestic and international forces. Canada’s Core Retail Sales; New Zealand’s Interest Rate
Decision; Germany’s Manufacturing PMI, IFO Business Climate Index, GDP; & USA’s Core Durable
Goods Orders & New Home Sales are some of the key events to watch in the coming week.
Happy Investing!

Hemanshu Vyas
CEO
 Market Outlook
NIFTY
On a weekly chart, the Indian benchmark Nifty has closed up by 88.6% of the entire
downfall from the high18604 to low of 15183. This indicates that the correction is over and
the primary trend may resume. At the same time, a bullish breakout of the H&S pattern is
visible on the weekly time frame at a level of 18000. The unfilled gap between 17838 to
17899 may act as a strong demand zone. This gap is known as the breakaway gap. 20*50
Moving averages crossover indicates buy signal on the weekly time frame. Now nifty may
find resistance near the previous top which is placed around 18600 above this 19444 level.
On the lower side, 17800 is good support. The short-term trend remains bullish as long as
nifty trading above 17500 which is 20 simple WMA. So one can adopt buy on dip strategy
with an SL of 17500 levels. Any dips towards 17800 will use as buying opportunity. For
targets of 18600 and 19444

BankNIFTY
On a weekly chart, the Bank Nifty Showing Good Strength and formed a big bullish
candlestick. A bullish breakout of the Cup & Handle pattern is visible in a weekly time
frame. The consolidation in the zone of 41700 to 42000 may act as a strong demand zone.
it has been moving in a higher top higher bottom formation which indicates the trend is
strongly gripped by bulls. Daily and weekly candlestick patterns suggest a bullish bias in
the near term. The short-term trend remains bullish as long as Bank Nifty trading above
40980 which is 20 simple DMA. Any dips towards 41800/41900 will use as buying
opportunity. For targets of 44000 and 44300 with SL of 40900
 NEWS UPDATES
Coal India’s Q2 profit more than doubled to Rs.
6044 cr. and an interim dividend of Rs. 15/share has
been declared. With H1 EPS of around Rs. 25 makes
this dividend a 30% payout ratio.
Reliance Industries has roped in veteran banker KV
Kamath to head its financial services business, which
is likely to be demerged down the line.
TVS Motors’ Q2 NP jumped 47% to Rs. 408 cr.
despite an economic slowdown in certain countries.
The company expects sales to continue marching.
Goa Carbon posted impressive Q2 results with profit
rising to Rs. 36.17 cr. leading to an EPS of Rs. 38.68.
The H1FY23 EPS of Rs. 54.50 is way ahead of the
FY22 EPS of 41.28.
New generation private sector bank, DCB Bank, with
over 410 branches in 18 states and 2 UTs posted a
strong Q2. While provisions have fallen, NIM seems
strong.
Solar Energy Corporation has floated a request for
the selection of a 1200 MW wind-solar hybrid
project. Waaree Technologies the leader in solar
panel technology, can be a big beneficiary..
SBI has posted its highest-ever NP of Rs. 13265 cr.
for Q2FY23. The bank expects its loan growth to be
around 14-16% this year.
BOB’s Q2 profit rose 37% to Rs. 3400 cr. on lower
provisioning and rising NII.
PSU Banks get re-rated reducing the valuation gap
with private banks on the back of solid loan growth,
improved asset quality, and large deposit growth.
Voltas to spend Rs. 1000 cr. to expand its
manufacturing capacity, more so as the company’s
Rs. 500 cr. component plant in tie-up with China’s
Highway International awaits the nod.
Pudumjee Paper’s Q2 sales soared 66%, PBT by 57%
and EPS has doubled to Rs. 1.91 YoY. The H1FY23
EPS of Rs. 3.78 has crossed FY22 EPS of Rs. 3.64.
Vinati Organics posted 51% rise in Q2 net revenue of
Rs. 566.29 cr. and a 43% jump in NP to Rs.115.94 cr.
The company is on track to record good FY23
earnings.
Ceat’s Q2 NP fell 86% to Rs. 6 cr. on higher expenses
despite the rise in income.
Mother Dairy plans Rs. 800 cr. Capex in 3-4 years
and foresees positive demand momentum.
PFC posted a strong Q2 and declared a second
interim dividend of Rs. 3 totaling to Rs. 5.25 for
H1FY23.
VIP Clothing has returned to the black in Q2FY23
and with softening cotton prices. •
Lumax’s exceptionally good Q2 with NP rising over
two-fold to Rs. 32.96 cr. on the back of rising
demand and margins overcoming the rising cost of
materials and employees.
HAL’s Q2 NP jumped 44% to Rs. 1,221 cr. and an
interim dividend of Rs. 2 has also been declared. The
bulging order book from the Ministry of Defence
makes this company an attractive buy.
Bajaj Healthcare posted good Q2 results. Rising Q2
depreciation of Rs. 13 cr. v/s Rs. 17.65 cr. for full FY22
points to ongoing expansion and capex.
West Coast Paper Mills ,which acquired Andhra
Paper from International APPM, is now a subsidiary
and in capex mode. It notched 195% higher Q2 EPS
of Rs 32.5 and 281% higher H1 EPS of Rs 60.6.
NLC India (Neyveli Lignite), a public sector unit into
mining of lignite and generation of power through
lignite-based thermal power plants, is undergoing
expansions. It notched 174% higher Q2 EPS of Rs 3
and 78% higher H1 EPS of Rs 7.1.
Refex Industries nto material handling of coal ash
and manufacturer & re-filler of Refrigerant gases has
garnered 236% higher Q2 EPS of Rs 12.1 and 172%
higher H1 EPS of Rs 18.8.
 NEWS UPDATES
Heavy investment buying is witnessed in J Kumar
Infra. It notched 67% higher Q2 EPS of Rs 9 and 76%
higher H1 EPS of Rs 17.1 in H1.
Rain Industries has a global presence with 2.4
MMTPA calcination capacity, 1 MMTPA CPC
blending capacity, 1.3 MMTPA coal tar distillation
capacity, 0.6 MMTPA advanced materials capacity
and 3.5 MMTPA cement capacity across 8 countries
in 3 continents. It notched 71% higher Q3CY22 EPS
of Rs 12 and 100% higher 9MFY22 EPS of Rs 40.
Shilp Gravures is the pioneer and undisputed leader
in Electro-Mechanical Engraving, which is a precision
technology and has state-of-art Flexo plate
processing technology from world leaders Kodak
and ESKO. It garnered 68% higher Q2 EPS of Rs 6.4
and H1 EPS of Rs 7.8.
Antony Waste Handling Cell notched 28% higher Q2
EPS of Rs 8.2 and 34% higher H1 EPS of Rs 16.5
against Rs 24 in FY22 and is doing very well on
getting good orders.
BDH Industries ,formerly Bombay Drug House,
manufactures specialty formulations and has a
presence across various verticals and exports over
50% of sales. It posted 50% higher Q2 EPS of Rs 5.1
and 40% higher H1 EPS of Rs 7.7.
Talbros Engineering ,leading manufacturer of Axle
Shafts for OEMs of Passenger Vehicles, Commercial
Vehicles, Off-road and Tractor segments with its
Light, Medium and Heavy-Duty product range has
posted 25% higher Q2 EPS of Rs 15 and 70% higher
H1 EPS of Rs 31.6.
GSFC has notched 24% higher Q2 EPS of Rs 7.2 (FV
Rs 2) and 72% higher H1 EPS of Rs 15.8.
NESCO exhibitions are back with a bang. The co. has
Rs.1000 cr. hard cash
Suryalata Spinning Mills is one of the largest
producers of Synthetic Blended Yarns with an
installed capacity of 89,376 spindles. It notched 28%
higher Q2 EPS of Rs 21.5 and 68% higher H1 EPS of
Rs 44.5 in H1.
DCB Bank posted 112% higher H1 profit of
Rs.209.50 cr. v/s Rs. 98.70 cr. in H1FY22. Its NPAs &
provisioning have drastically reduced and has many
surprises for the investors.
Accelya Solutions provides technology platforms,
software & services to the travel & transport industry
globally. It posted Q2 profit of Rs.33.11 cr. v/s
Rs.25.17 cr. YoY.
EID Parry can be slow but sure and steady
investment. Conservative management, steady
expansion, ethanol story with Coromandel
complimentary leaves no doubt about the
prosperity it can bring.
Globalspace Technologies is focused on software
product platforms & solutions based on Cloud/
Mobility/ Artificial Intelligence, providing enterprise
mobility solutions and Digital Consulting primarily
focused on Field Force Enhancement. With tie-ups
with major companies in diverse sectors, this counter
appears highly undervalued.
Dhunseri Ventures is into PET Resin, Food &
Infrastructure posted excellent H1 results with Net
profit of Rs. 392 cr. & Half yearly EPS of Rs 112. All its
businesses are doing well and expansion is going on.
Hitachi Energy , power products and solution
provider, posted average set of Q2 numbers with
EPS of Rs. 8.77, trading at a PE of 120x.
BLS International posted excellent Q2 as revenue
grew 87.4% and PAT jumped 86% YoY to Rs 51 cr.
The management has recommended 1:1 bonus.
 Fundamental Pick
(14th Nov 2022)

State Bank of India CMP: ₹ 592.55 Target Price : ₹ 740

Basic Details About SBI: Most of the subsidiaries are leader in their
State Bank of India (SBI) is an Indian respective segment, and the bank will
Multinational Public Sector Bank continue to nurture these subsidiaries and see
Company State Bank of India headquartered in Mumbai. The rich heritage them creating value for their own
Sector Banks - Public Sector and legacy of over 200 years, accredits SBI as shareholders as well as the shareholders of
Listed on BSE & NSE the most trusted Bank by Indians through SBIN.
NSE SBIN generations. The restructured book has behaved well, with
BSE 500112 SBI, the largest Indian Bank with 1/4th market 9% of the current exposure falling under SME
ISIN INE062A01020 share, serves over 45 crore customers through 1 and SME 2 category. It is holding sufficient
its vast network of over 22,000 branches, additional provision against the restructured
accounts.
Valuation
62617 ATMs/ADWMs, 71,968 BC outlets.
The Bank has successfully diversified On the corporate front, SBIN has witnessed a
businesses through its various subsidiaries i.e decent trend, and this trend is essentially
Market Cap ₹ 5,35,164.34 Cr. SBI General Insurance, SBI Life Insurance, SBI attributed to the fact that it has seen
Face Value ₹ 1.00 Mutual Fund, SBI Card, etc. It has spread its improvement in the working capital
52 Week High ₹ 622.90 presence globally and operates across time utilization.
52 Week Low ₹ 425.00 zones through 229 offices in 31 foreign The bank has got a reasonably decent
P/E 14.55 countries. pipeline, which is as high as about INR 3.7 Tn
EPS ₹ 41.32 Investment Rationale: of the loans either already sanctioned or the
ROE 12.09% Q2FY23 Results: proposals under process. SBIN is confident of

Net interest income increased by almost 13% YoY achieving a growth of 14% to 16% YoY in

Shareholding Pattern on the back of the improved credit offtake in all FY23E.
The hike in retail deposit rates is
segments and continuous improvement in asset
quality. approximately 4x since May-22 and has been

The foreign offices have continued to perform as high as 80 bps in the 1-to-2-year segment.

well with good growth in advances as well as Outlook:

deposits. SBIN reported a strong quarterly performance
Advances portfolio at foreign offices in rupee in Q2FY23, driven by an uptick in business
terms grew by almost 30% YoY, while in dollar momentum and a sequential improvement in
terms it has grown at 18%. And the growth is all operating measures. The advances showed
coming from local lending, trade finance as well steady growth driven by a significant rise in
Key Financials as India-linked loans. Sector-wise, growth has corporate lending as a result of increased
come mainly in OMC, banking and financial Capex activity. The house loan & Xpress credit
(INR CR.) FY21 FY22 FY23E services and IT services. market is driving the retail sector's continued
Net Revenue 1,22,105 1,33,778 145818 The cost to asset continues to remain among the strength. By adjusting the asset and liabilities
EBITDA 78,899 76,416 78020.74 lowest in the industry, reflecting its efforts to mix, SBIN has accelerated the growth of the
EBITDA Margin 22,405 35,374 49523.6 build long-term cost efficiencies. balance sheet as a whole. In order to maintain
PAT 2.90% 3.00% 3.00% Digital continues to be an important acquisition solid margins on the liability side, it is stepping
P/E (Times) 1.6 1.5 1.6 engine for the bank across assets as well as up its growth in CASA with a concentration on
EPS 22.87 35.49 50.00 liability product. During the quarter, it has the current account market. Considering all
ROE 15.93 13.91 14.80 sourced 62.0% of the savings accounts and these positive factors, we recommend to Buy
45.0% of the retail asset accounts digitally this stock with a target price of ₹ 740 in 10 to
through YONO. 12 months’ time frame.
 Technical Pick

Tata Consumer
Tata Consumer - Recently the stock has given a bounce from 200 simple DMA
which is placed at 764. Moreover, it has given a bullish breakout of multiple
patterns on a daily time frame. Daily and weekly candlestick patterns indicate
bullish bias in the near term. It has made a strong base in the zone of 760 to 774.
Levels. A sudden spurt in volume, along with a price breakout, suggests the trend
is likely to remain in favour of bulls in the coming sessions Stock Can Go Upto
840-900 Levels
 High Dividend Yield Stocks
All these stocks have good track record of giving high dividend yield from years. The
average dividend yield of these stocks is 8.87% which is way better than interest rates
of Fixed deposits. These companies have good profits against their Market Cap. Thus,
one finding less riskier stocks with good amount of returns, can definitely consider
keeping these stocks in their portfolio

Company CMP Dividend Yield (%)

Vedanta ₹ 314.70 14.31

NMDC ₹ 113.35 13.00

IOC ₹ 69.40 11.80

REC ₹ 100.20 11.45

SAIL ₹ 86.45 10.12

GAIL ₹ 88.15 7.66

Coal India ₹ 232.20 6.88

HPCL ₹ 208.05 6.73

Hindustan Zinc ₹ 309.35 5.82

BPCL ₹ 307.75 5.10

Tata Steel ₹ 108.65 4.70

Total 8.87

(Source: Hensex Research)

*CMP is taken as of 14th October 2022
 Mutual Fund Picks

Equity: Large Cap Funds

Basic Details Annualized Returns (%) Risk Measures (%)
Scheme Name YTD
AUM (In Expense 1 Year Fund 3 Year Fund 5 Year Fund
Std Dev Sharpe Beta Alpha
Rs. Crore) Ratio Return Return Return
ICICI Prudential Bluechip Fund 34,823 1.67% 7.21 2.97 17.23 12.19 21.16 0.69 0.94 0.74
Canara Robeco Bluechip Equity Fund 8,548 1.86% 1.99 -2.00 16.85 14.13 19.26 0.72 0.86 1.46
Axis Bluechip Fund 36,871 1.64% -3.43 -7.76 12.21 13.01 18.94 0.52 0.81 -2.07
IDBI India Top 100 Equity Fund 634 2.47% 4.61 0.41 17.43 11.87 20.36 0.70 0.91 1.06
Baroda BNP Paribas Large Cap Fund 1,398 2.14% 5.65 0.46 15.07 12.20 18.84 0.64 0.84 -0.28

Debt Funds
Basic Details Annualized Returns (%) Risk Measures (%)
Scheme Name YTD
AUM (In Expense 1 Year Fund 3 Year Fund 5 Year Fund
Std Dev Sharpe Beta Alpha
Rs. Crore) Ratio Return Return Return
UTI Treasury Advantage Fund 3,011 0.43% 3.63 4.00 6.85 4.60 2.63 1.17 -0.07 3.01
UTI Short Term Income Fund 2,114 0.96% 2.94 3.18 7.44 4.68 2.95 1.23 0.62 4.33
ICICI Prudential Medium Term Bond Fund 6,288 1.41% 3.37 3.68 6.90 6.68 2.41 1.29 0.73 2.65
Axis Corporate Debt Fund 2,993 0.94% 2.89 3.28 6.21 6.48 2.11 1.15 0.68 2.01
ICICI Prudential All Seasons Bond Fund 5,938 1.38% 3.82 3.89 7.10 7.21 2.40 1.34 1.04 2.58

Equity: Flexi Cap Funds

Basic Details Annualized Returns (%) Risk Measures (%)
Scheme Name YTD
AUM (In Expense 1 Year Fund 3 Year Fund 5 Year Fund
Std Dev Sharpe Beta Alpha
Rs. Crore) Ratio Return Return Return
Quant Flexi Cap Fund 711 2.33% 10.69 6.99 36.63 18.76 22.82 1.29 0.87 15.63
Parag Parikh Flexi Cap Fund 27,712 1.66% -4.74 -5.01 22.89 16.60 19.50 0.98 0.78 6.49
Canara Robeco Flexi Cap Fund 8,677 1.85% -0.59 -3.46 17.93 13.85 19.65 0.75 0.85 1.15
IDBI Flexi Cap Fund 384 2.52% 2.27 -0.11 17.86 12.08 20.39 0.70 0.88 0.21
PGIM India Flexi Cap Fund 5,291 1.94% -5.13 -7.97 23.48 14.50 22.96 0.85 0.97 3.79

Hybrid: Balanced Advantage Funds

Basic Details Annualized Returns (%) Risk Measures (%)
Scheme Name YTD
AUM (In Expense 1 Year Fund 3 Year Fund 5 Year Fund
Std Dev Sharpe Beta Alpha
Rs. Crore) Ratio Return Return Return
HDFC Balanced Advantage Fund 49,709 1.64% 17.53 12.28 17.73 11.02 19.86 0.70 0.97 2.50
ICICI Prudential Balanced Advantage Fund 44,002 1.58% 7.49 5.69 11.98 9.93 13.78 0.63 0.70 0.47
Sundaram Balanced Advantage Fund 1,595 2.06% 5.43 3.73 14.00 9.33 7.7 1.25 0.37 5.29
Edelweiss Balanced Advantage Fund 8,927 1.77% 2.70 0.68 14.46 11.01 11.58 0.90 0.60 3.37
Nippon India Balanced Advantage Fund 6,681 1.81% 5.38 3.26 11.17 8.76 12.84 0.62 0.66 0.17
 NFO Update
Scheme Name Canara Robeco Mid Cap Fund
Scheme Type Open Ended
Scheme Category Equity Scheme - Mid Cap Fund
The investment objec�ve of the Scheme is to generate capital apprecia�on
by inves�ng predominantly in equity and equity related instruments of mid
Investment Objec�ve
cap companies. However, there can be no assurance that the investment
objec�ve of the scheme will be realized.
NFO Period 11th November 2022 to 25th October 2022
Min. Subscrip�on Amount Rs. 5,000/-

Scheme Name WhiteOak Capital Large Cap Fund

Scheme Type Open Ended
Scheme Category Equity Scheme - Large Cap Fund
To provide long-term capital apprecia�on/income by inves�ng predominantly
Investment Objec�ve
in and managing a diversified por�olio of Large-Cap stocks
NFO Period 10th November 2022 to 24th October 2022
Min. Subscrip�on Amount 500/- and in mul�ple of Re. 1/- therea�er

Scheme Name HDFC Business Cycle Fund

Scheme Type Open Ended
Scheme Category Equity Scheme - Sectoral/ Thema�c
To provide long-term capital apprecia�on by inves�ng predominantly in
equity and equity related securi�es with a focus on riding business cycles
Investment Objec�ve through dynamic alloca�on between various sectors and stocks at different
stages of business cycles. There is no assurance that the investment
objec�ve of the Scheme will be realized.
NFO Period 11th November 2022 to 25th October 2022
Min. Subscrip�on Amount 100

Scheme Name Edelweiss Ni�y Midcap150 Momentum 50 Index Fund

Scheme Type Open Ended
Scheme Category Other Scheme - Index Funds
The investment objec�ve of the scheme is to provide returns before
Investment Objec�ve expenses that closely correspond to the total returns of the Ni�y Midcap150
Momentum 50 Index subject to tracking errors.
NFO Period 10th November 2022 to 24th October 2022
Min. Subscrip�on Amount Rs. 5,000/- and mul�ples of Re. 1/- therea�er.
 NFO Update
Scheme Name IDFC CRISIL IBX 90:10 SDL PLUS GILT - APR 2032 INDEX FUND
Scheme Type Open Ended
Scheme Category Other Scheme - Index Funds
The investment objec�ve of the scheme is to provide investment returns
corresponding to the total returns of the securi�es as represented by the
Investment Objec�ve CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 before expenses, subject to
tracking errors. However, there can be no assurance or guarantee that the
investment objec�ve of the Scheme will be achieved.
NFO Period 14th November 2022 to 28th October 2022
Min. Subscrip�on Amount Rs. 5000/- and in mul�ples of Re. 1/- therea�er

Scheme Name Edelweiss Ni�y Smallcap 250 Index Fund

Scheme Type Open Ended
Scheme Category Other Scheme - Index Funds
The investment objec�ve of the scheme is to provide returns before
Investment Objec�ve expenses that closely correspond to the total returns of the Ni�y Smallcap
250 Index subject to tracking errors.
NFO Period 10th November 2022 to 24th October 2022
Min. Subscrip�on Amount Rs. 5,000/- and mul�ples of Re. 1/- therea�er.

Scheme Name DSP FMP Series - 268 - 1281 Days

Scheme Type Close Ended
Scheme Category Income
The primary investment objec�ve of the Scheme is to seek to generate
returns and capital apprecia�on by inves�ng in a por�olio of Debt and
Investment Objec�ve Money Market Securi�es. The Scheme will invest only in such securi�es
which mature on or before the date of maturity of the Scheme. There is no
assurance that the investment objec�ve of the Scheme will be realized.
NFO Period 11th November 2022 to 21st October 2022
Min. Subscrip�on Amount Rs. 5,000/– and any amount therea�er

Scheme Name Edelweiss Ni�y Next 50 Index Fund

Scheme Type Open Ended
Scheme Category Other Scheme - Index Funds
The investment objec�ve of the scheme is to provide returns before
Investment Objec�ve expenses that closely correspond to the total returns of the Ni�y Next 50
Index subject to tracking errors.
NFO Period 10th November 2022 to 24th October 2022
Min. Subscrip�on Amount Rs. 5,000/- and mul�ples of Re. 1/- therea�er.
 Mutual Fund Inflow/Outflow

Inflow / (Ou�low) - Rs Crore

Category Month
Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22
Open Ended Schemes
Income/Debt Oriented Schemes 54,757 -32,722 -92,248 4,930 49,164 -65,372 -2,818
Growth/Equity Oriented Schemes 15,890 18,529 15,498 8,898 6,120 14,100 9,390
Hybrid Schemes 7,240 5,123 -2,279 -5,146 -6,602 -2,688 -2,819
Solu�on Oriented Schemes 112 160 137 111 93 213 172
Other Schemes 15,888 12,229 13,110 14,271 15,069 13,623 10,261
Total Open Ended Schemes 93,887 3,319 -65,782 23,063 63,843 -40,124 14,186

Close Ended Schemes

Income/Debt Oriented Schemes -20,658 -10,574 -3,985 599 1,478 -1,111 52
Growth/Equity Oriented Schemes -243 -861 -17 -16 -177 -23 -137
Total Close Ended Schemes -20,901 -11,434 -4,002 583 1,301 -1,133 -85

Interval Schemes
Income/Debt Oriented Schemes -139 582 -68 -42 -67 -147 -55
Total Interval Schemes -139 582 -68 -42 -67 -147 -55

Total InfIow/(Ou�Iow) 72,847 -7,533 -69,853 23,605 65,077 -41,404 14,047

 Mutual Fund Sectoral Changes

Mkt Val (Rs cr) Abs. change (Rs Cr) Change %

Industry
Oct-21 Sep-22 Oct-22 MoM YoY MoM YoY
Paper 380 732 820 88 440 12.0 115.8

Energy 1,64,467 1,84,151 2,01,074 16,923 36,607 9.2 22.3

IT 2,22,076 2,04,717 2,19,966 15,250 -2,110 7.5 -1.0

Financial Services 5,32,008 6,00,454 6,43,489 43,035 1,11,481 7.2 21.0

Healthcare Services 6,780 9,007 9,638 631 2,858 7.0 42.2

Media & Entertainment 7,424 11,021 11,624 603 4,200 5.5 56.6

Automobile 94,112 1,24,249 1,30,829 6,579 36,717 5.3 39.0

Fertilisers & Pesticides 18,463 20,826 21,906 1,080 3,443 5.2 18.7

Cement & Cement Products 53,076 49,949 52,455 2,506 -621 5.0 -1.2

Construction 76,469 81,926 85,983 4,057 9,514 5.0 12.4

Telecom 45,034 51,698 53,221 1,524 8,188 3.0 18.2

Metals 60,937 50,224 51,665 1,441 -9,272 2.9 -15.2

Industrial Manufacturing 77,273 1,02,442 1,05,305 2,863 28,032 2.8 36.3

Pharma 98,323 1,00,967 1,03,466 2,500 5,143 2.5 5.2

Consumer Goods 1,53,313 1,92,323 1,94,854 2,530 41,541 1.3 27.1

Services 27,429 41,673 41,716 43 14,288 0.1 52.1

Chemicals 29,009 32,063 32,020 -43 3,012 -0.1 10.4

Textiles 18,253 21,795 21,751 -44 3,498 -0.2 19.2

 New Stocks Added & Exited by Mutual Funds

Added
Market Value(Rs Cr)
Company Name
Oct-22
NMDC Steel Ltd. 307.44
Electronics Mart India Ltd. 226.63
Global Health Ltd. 160.62
Aar� Pharmalabs Ltd. 138.85
Tracxn Technologies Ltd. 122.88
DCX Systems Ltd. 75
Punjab Alkalies & Chemicals Ltd. 38.01
JTL Infra Ltd. 12.36
Spandana Sphoorty Financial Ltd. 7.35

Exited
Market Value(Rs Cr)
Company Name
Oct-22
Muthoot Capital Services Ltd. 11.32
Meghmani Finechem Ltd 0.05
 GST Collection of October 2022

The gross GST revenue collected in the month of October 2022 is ₹ 1,51,718 crore of which CGST is ₹ 26,039
crore, SGST is ₹ 33,396 crore, IGST is ₹ 81,778 crore (including ₹ 37,297 crore collected on import of goods) and
Cess is ₹ 10,505 crore (including ₹ 825 crore collected on import of goods), which is second highest till date.

The government has settled ₹ 37,626 crore to CGST and ₹ 32,883 crore to SGST from IGST as regular
settlement. In addition, Centre has also settled Rs 22,000 crore on adhoc basis in the ratio of 50:50 between
Centre and States. The total revenue of Centre and the States after regular as well as adhoc settlements in
the month of October 2022 is ₹74,665 crore for CGST and ₹ 77,279 crore for the SGST.

The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022
and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark. October also saw
the second highest collection from domestic transactions, next only to April 2022. This is the ninth month
and for eight months in a row now, that the monthly GST revenues have been more than the ₹ 1.4 lakh crore
mark. During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly
higher than 7.7 crore e-way bills generated in August 2022.

The chart above shows trends in monthly gross GST revenues during the current year. The table shows the
state-wise figures of GST collected in each State during the month of October 2022 as compared to October
2021
 Upcoming IPOs
Issues approved by SEBI & are s�ll valid
Date of Category
Promoter Es�mated Issue Size
Company Issue Type Date of Filing SEBI Alloca�on Lead Managers
& Group Holding (₹ Cr. / No. of Shares)
Approval QIB:HNl:Ret
Fresh: 300 Cr
Gold Plus Glass Industry Fresh + OFS 04-11-2022 23-09-2022 100.00% 75:15:10 Axis Capital and others
OFS: 12,826,224 Shares
Uniparts India OFS 26-04-2022 22-09-2022 75.54% OFS: 15,731,942 Shares 50:15:35 Axis Capital and others
Navi Technologies Fresh 14-03-2022 09-05-2022 97.77% Fresh: 3,350 Cr 75:15:10 Axis Capital and others

Concord Enviro Fresh: 175 Cr

Fresh + OFS 07-01-2022 30-08-2022 72.39% 75:15:10 DAM Capital, Equirus Capital
Systems
OFS: 3,569,180 Shares
Fresh: 250 Cr
Prasol Chemical Fresh + OFS 13-04-2022 23-08-2022 92.07% 50:15:35 JM Financial, DAM Capital
OFS: 9,000,000 Shares
Fresh: 1,500 Cr
Vikram Solar Fresh + OFS 24-03-2022 08-10-2022 93.08% 50:15:35 JM Financial, Kotak Mahindra Capital
OFS: 5,000,000 Shares
Yatharth Hospital and Truma Fresh: 610 Cr
Fresh + OFS 04-01-2022 08-02-2022 96.91% 50:15:35 Intensive Fiscal Services, Ambit Pvt Ltd, IIFL Securi�es
Care Services OFS: 6,551,690 Shares
Fresh: 18,258,427 Shares
PKH Ventures Fresh + OFS 24-03-2022 22-07-2022 100.00% 50:15:35 IDBI Capital, BOB Capital Markets
OFS: 9,831,461 Shares
Fresh: 87 Cr
Guiarat Polysol Chemicals Fresh + OFS 29-03-2022 18-07-2022 100.00% 50:15:35 Inga Ventures
OFS: 327 Cr
Fresh: 150 Cr
HMA Agro Industries Fresh + OFS 24-03-2022 07-07-2022 100.00% 50:15:35 Aryaman Financial Services
OFS: 330 Cr
Fresh: 325 Cr
Senco Gold Fresh + OFS 18-04-2022 07-05-2022 95.23% 50:15:35 IIFL Securi�es, Ambit Pvt Ltd, SBI Capital Markets
OFS: 200 Cr
Fresh: 350 Cr
Corrtech Interna�onal Fresh + OFS 17-03-2022 07-01-2022 100.00% 50:15:35 Equirus Capital
OFS: 4,000,000 Shares
Fresh: 450 Cr
India Exposi�on Mart Fresh + OFS 03-08-2022 16-06-2022 100.00% 75:15:10 Emkay Global
OFS: 11,210,659 Shares
Fresh: 2,501.90 cr Kotak Mahindra Capital, Ci�group
Bharat FIH Fresh + OFS 24-12-2021 06-10-2022 100.00% 75:15:10
OFS: 2,501.90 cr Global, BNP Paribas, HSBC Securi�es
Fresh: 150 cr
Cogent E-Services Fresh + OFS 02-09-2022 23-05-2022 100.00% 50:15:35 DAM Capital, IIFL Securi�es
OFS: 9,468,297 Shares
Kotak Mahindra Capital, Ci�group
MacleodsPharmaceu�cals OFS 15-02-2022 20-05-2022 100.00% OFS: 60,482,040 Shares 50:15:35 Gobal, Edelweiss, ICICI Securi�es,
Nomura Financial
Fresh: 900 Cr
TBO Tek Fresh + OFS 27-12-2021 19-05-2022 51.26% 75:15:10 Axis Capital and others
OFS: 1,200 Cr
Suraj EstateDevelopers Fresh 03-07-2022 17-05-2022 100.00% Fresh: 500 cr 75:15:10 Centrum Capital, Anand Rathi Advisors
Fresh: Rs.900 Cr ICICI Securi�es, Equirus Capital, IIFL Securi�es, JM
Fedbank Financial Services Fresh + OFS 21-02-2022 13-05-2022 73.31% 50:15:35
OFS: 16,497,973 Shares Financial
Fresh: 1,500 Cr
Aadhar Housing Finance Fresh + OFS 24-01-2021 05-05-2022 98.72% 50:15:35 I-sec, Ci�group, Nomura, SBICap
OFS: 5,800 Cr
Fresh: 300 Cr
KIDs Clinic India Fresh + OFS 02-11-2022 05-04-2022 75:15:10 Axis Capital and others
OFS: 13,293,514 Shares
Fresh: 2,000 cr
TVS Supply Chain Solu�ons Fresh + OFS 02-12-2022 05-04-2022 52.29% 75:15:10 Axis Capital and others
OFS: 59,477,497 Shares
Fresh: 150 cr
Landmark Cars Fresh + OFS 19-01-2022 05-02-2022 60.24% 50:15:35 Axis Capital and others
OFS: 612 Cr
Fresh: 900 Cr
Imagine Marke�ng ("BoAt") Fresh + OFS 27-01-2022 30-04-2022 80.10% 50:15:35 Axis Capital and others
OFS: 1,100 Cr
Fresh: 500 Cr ICICI Securi�es, Credit Suisse,
Fablndia Fresh + OFS 24-01-2022 30-04-2022 55.06% 50:15:35
OFS: 25,050,543 Shares J.P.Morgan, Nomura, SBI Capital Markets, Equirus
Fresh: 200 Cr ICICI Securi�es, Kotak Mahindra Capital, Nomura
Capillary Technoloqies Fresh + OFS 27-12-2021 30-04-2022 98.06% 75:15:10
OFS: 650 Cr Financial
Fresh: 500 Cr
Sanathan Tex�les Fresh + OFS 01-12-2022 30-04-2022 100.00% 50:15:35 Edelweiss Financial, JM Financial
OFS: 11 ,400,OOO Shares
Asianet Satelite Fresh: 300 Cr
Fresh + OFS 22-12-2021 30-04-2022 87.67% 50:15:35 Axis Capital and others
Communica�ons OFS: 465 Cr
Fresh: 216 Cr
Dharmaj Crop Guard Fresh + OFS 28-01-2022 29-03-2022 100.00% 50:15:35 Elara Capita, Monarch Networth
OFS: 1 ,483,OOO Shares
Fresh: 150 Cr
Maini Precision Products Fresh + OFS 14-12-2021 17-03-2022 77.13% 75:15:10 ICICI Securi�es, IIFL Securi�es
OFS: 25,481,705 Shares
Fresh: 50 Cr
Sresta Natural Bioproducts Fresh + OFS 01-11-2022 15-03-2022 23.97% 75:15:10 Axis Capital and others
OFS: 7,030,962 Shares
Fresh: 100 Cr
Hexagaon Nutri�on Fresh + OFS 24-12-2021 03-04-2022 99.44% 50:15:35 Equirus Capital, SBI Capital Markets
OFS: 30,113,918 Shares
Fresh: 3,800,000 Shares
Abans Holding Fresh + OFS 29-09-2021 25-02-2022 97.42% 50:15:35 Aryaman Financial
OFS: 9,000,000 Shares
Fresh: 175 cr
Elin Electronics Fresh + OFS 17-11-2021 23-02-2022 53.98% 50:15:35 Axis Capital and others
OFS: 585 cr
SBI Capital Markets, DAM Capital,
JK Files & Engineering OFS 12-09-2021 23-02-2022 100.00% OFS 800 Cr 50:15:35
HDFC Bank
Fresh: 400 Cr IIFL Securi�es, Ambit, DAM Capital,
Wellness Forever Medicare Fresh + OFS 10-01-2021 16-02-2022 48.89% 75:15:10
OFS: 16,044,709 Shares HDFC Bank
CMR Green Fresh: 300 cr
Fresh + OFS 27-09-2021 16-02-2022 86.58% 75:15:10 Axis Capital and others
Technologies OFS: 33,414,138 Shares
Fresh: 450 Cr
Capital Small Finance Bank Fresh + OFS 11-01-2021 02-08-2022 23.57% 50:15:35 Axis Capital and others
OFS: 3840087 shares
 Upcoming IPOs
Issues approved by SEBI & are s�ll valid
Fresh: 120 cr
Jesons Industries Fresh + OFS 20-11-2021 02-08-2022 100.00% 50:15:35 Axis Capital and others
OFS: 12,157,000 shares
Radiant Cash Management Fresh: 60 Cr
Fresh + OFS 10-11-2021 01-11-2022 62.79% 50:15:35 IIFL Securi�es, Mo�lal Oswal, Yes Securi�es
Services OFS: 30,125,000 Shares
Fresh: 17.50 Cr
GPT Healthcare Fresh + OFS 18-10-2021 29-12-2021 99.97% 50:15:35 DAM Capital, SBI Capital Markets
OFS: 29,887,486 Shares
Fresh: 331.60 Cr SBI Capital Markets, ICICI Securi�es, JM Financial,
Veeda Clinical Research Fresh + OFS 28-09-2021 21-12-2021 52.42% 50:15:35
OFS: 500 Cr Systema�x
Fresh: 350 Cr
Keventer Agro Fresh + OFS 08-10-2021 16-12-2021 93.84% 75:15:10 Axis Capital and others
OFS: 10,767,664 Shares
LE Travenues Technoloqy Fresh: 750 Cr
Fresh + OFS 13-08-2021 16-12-2021 75:15:10 Axis Capital and others
(ixigo) OFS: 850 Cr
Emcure Fresh: 1,100 Cr
Fresh + OFS 18-08-2021 12-08-2021 81.59% 50:15:35 Axis Capital and others
Pharmaceu�cals OFS: 18,168,356 Shares
Fresh: 322 Cr
ESDS So�ware Solu�on Fresh + OFS 09-03-2021 12-03-2021 90.76% 50:15:35 Axis Capital and others
OFS: 21 ,525,OOO Shares
Sterlite Power
Fresh 17-08-2021 12-02-2021 74.43% Fresh: 1,250 Cr 75:15:10 Axis Capital and others
Transmission
Fresh: 370 cr
Godavari Biorefineries Fresh + OFS 24-09-2021 26-11-2021 81.06% 50:15:35 Equirus Capital, JM Financial
OFS: 6,558,278 Shares
Fresh: 300 Cr
VLCC Health Care Fresh + OFS 14-08-2021 25-11-2021 82.38% 75:15:10 ICICI Securi�es, DAM Capital, IIFL Securi�es
OFS: 8,922,672 Shares
Fresh: 150 Cr
India1 Payments Fresh + OFS 09-07-2021 24-11-2021 51.05% 75:15:10 JM Financial, Edelweiss Financial, IIFL Securi�es
OFS: 10,305,180 Shares
Fresh: 390 cr
Healthium Medtech Fresh + OFS 09-06-2021 24-11-2021 99.79% 50:15:35 ICICI Securi�es, CLSA, Credit Suisse Securi�es, Nomura Financial
OFS: 39,100,000 Shares
Fresh: 510 Cr
Puranik Builders Fresh + OFS 21-09-2021 18-11-2021 100.00% 50:15:35 Elara Capital, Yes Securi�es
OFS: 945,000 Shares
Fresh: 800 Cr
ESAF small Finance Bank Fresh + OFS 26-07-2021 20-10-2021 74.43% 50:15:35 Axis Capital and others
OFS: 197.78 Cr
 Fixed Deposit Monitor
Corporate Fixed Deposit Tracker - 09 Nov'22
Non Cumulative ROI (% p.a.) Card ROI Tentative
Company Name Rating Period Compounding M inimum Remarks
M onthly Quarterly Half-Yearly Yearly (%) Yield Amount
12M 6.36 6.40 6.45 6.55 6.55 6.55
15M 6.50 6.54 6.59 6.70 6.70 6.77
18M 6.60 6.63 6.69 6.80 6.80 6.93
22M 6.83 6.87 6.93 7.05 7.05 7.24
24M 7.02 7.06 7.12 7.25 7.25 7.51
FAAA by Crisil,
Bajaj Finance Ltd. (Ind & HUF) upto Rs. 5 Crore MAAA by ICRA
30M 7.11 7.16 7.22 7.35 7.35 7.77 Annua l y 15000/- 0.25% extra for Sr. Ci�zen upto Rs.5 Cr.
33M 7.11 7.16 7.22 7.35 7.35 7.83
36M 7.25 7.30 7.36 7.50 7.50 8.08
44M 7.35 7.39 7.46 7.60 7.60 8.41
48M 7.25 7.30 7.36 7.50 7.50 8.39
60M 7.25 7.30 7.36 7.50 7.50 8.71
HDFC Sapphire Deposits upto Rs 2 Crore 45M 7.25 7.30 7.35 7.50 7.50 8.30 Annua l y 0.25% extra for Sr. Ci�zen

12M 6.15 6.20 6.25 - 6.35 6.35

24M 6.45 6.50 6.55 6.65 6.65 6.87
36M 6.65 6.70 6.75 6.85 6.85 7.33
Monthl y: 40000/-,
HDFC Ltd -Regular Scheme for Individual & 48M 6.65 6.70 6.75 6.85 6.85 7.59
Other: 20000/-
Annua l y 0.25% extra for Sr. Ci � zen
Trust upto Rs. 2 Crore 60M 6.70 6.75 6.80 6.90 6.90 7.92
72M 6.70 6.75 6.80 6.90 6.90 8.21
84M 6.85 6.90 6.95 7.05 7.05 8.73
120M 6.85 6.90 6.95 7.05 7.05 9.76
12M 6.50 6.55 6.60 - 6.70 6.70
24M 6.65 6.70 6.75 6.85 6.85 7.08
36M 6.80 6.85 6.90 7.00 7.00 7.50
HDFC Ltd -Regular Scheme for Individual & 48M 6.80 6.85 6.90 7.00 7.00 7.77
Annua l y Above Rs 2 Crore -
Trust for above Rs. 2 Crore to Rs. 10 Crore FAAA by Crisil, 60M 6.80 6.85 6.90 7.00 7.00 8.05
MAAA by ICRA 72M 6.80 6.85 6.90 7.00 7.00 8.35
84M 6.80 6.85 6.90 7.00 7.00 8.65
120M 6.80 6.85 6.90 7.00 7.00 9.67
33 M 6.80 6.85 6.90 7.00 7.00 7.43
HDFC Special Scheme for Individual & Trust 66 M 6.85 6.90 6.95 7.05 7.05 8.27 Monthl y: 40000/-,
Annua l y 0.25% extra for Sr. Ci � zen
upto Rs.2 Crore 77 M 6.80 6.85 6.90 7.00 7.00 8.48 Other: 20000/-
99 M 6.90 6.95 7.00 7.10 7.10 9.23
15M 6.30 6.35 6.40 - 6.50 6.57
18M 6.40 6.45 6.50 6.60 6.60 6.72
HDFC Premium Scheme for Individual & Trust 22M 6.50 6.55 6.60 6.70 6.70 6.87 Monthl y: 40000/-,
Annua l y 0.25% extra for Sr. Ci � zen
upto Rs.2 Crore Other: 20000/-
30M 6.60 6.65 6.70 6.80 6.80 7.16
44M 6.80 6.85 6.90 7.00 7.00 7.68
HDFC Premium Scheme for Individual & Trust 18M 6.60 6.65 6.70 6.80 6.80 6.93
above Rs Rs.2 Crore to Rs 5 Crore 30M 6.75 6.80 6.85 6.95 6.95 7.33
12M 5.95 6.00 - 6.15 6.15 6.15
18M 6.20 6.25 - 6.40 6.40 6.54
24 M 6.50 6.55 - 6.70 6.70 6.92
36 M 6.70 6.75 - 6.90 6.90 7.39
39 M 6.75 6.80 - 6.95 6.95 7.53 Cum/Annua l y:-
FAAA by CRISIL,
ICICI Home Finance Ltd. (For upto Rs. 1.99 45 M 6.85 6.90 - 7.05 7.05 7.78 10000/-, Monthl y-
AAA by CARE, Annua l y 0.25% extra for Sr. Ci � zen
Crore) MAAA by ICRA
48 M 6.70 6.75 - 6.90 6.90 7.65 40000/- ,Qtrl y-
20000/-
60 M 6.80 6.85 - 7.00 7.00 8.05
65 M 6.90 6.95 - 7.10 7.10 8.32
72 M 6.80 6.85 - 7.00 7.00 8.35
84 M 6.90 6.95 - 7.10 7.10 8.80
120 M 6.90 6.95 - 7.10 7.10 9.86
12M 6.70 - - 6.75 6.75 6.75
18M 6.70 - - 6.75 6.75 6.88 20000/- But i f
LIC Housing Finance Ltd. upto Rs. 20 Crore-For
FAAA by Crisil 24M 6.95 - - 7.00 7.00 7.25 Annua l y monthl y s cheme 0.25% extra for Sr. Ci � zen upto Rs . 2 Crore
Individual ,Partnership Firm & Trust tha n 200000/-
36M 7.20 - - 7.25 7.25 7.79
60M 7.35 - - 7.40 7.40 8.58
12M 5.80 5.90 6.10 6.25 6.25 6.25
Monthl y/Qa urterl y-
24M 6.20 6.20 6.40 6.60 6.60 6.82 50000/-, Ha l f
M&M Financial services Ltd upto Rs. 1 Crore FAAA by Crisil 36M 6.80 6.90 7.00 7.25 7.25 7.79 Annua l y Yea rl y/Yea rl y- 0.25% extra for Sr. Ci � zen
48M 6.80 6.90 7.00 7.25 7.25 8.08 25000/-,
Cumul a � ve: 5000/-
60M 6.80 6.90 7.00 7.25 7.25 8.38
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