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INVEST GUIDE APRIL 2023

AN INVESTOR EDUCATION INITIATIVE

ELECTRIC
ELECTRIC VEHICLE
VEHICLE
VEHICLES BUDGET
BUDGET 2023
2023
A Game Changer For Laying The Foundation of
A Game Changer For Laying The Foundation of
Indian Auto Industry Vibrant India
Indian Auto Industry?
Industry Vibrant India

ESG
ESG INVESTING
INVESTING
Will Impact Investing Be
Will Impact Investing Be
Profitable For All?
Profitable For All?

INDIAN ECONOMY
RESILIENT AND WITHERING THE
THE STORM
STORM
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In This Issue...
05 BUDGET 2023:
LAYING THE FOUNDATION OF
VIBRANT INDIA

11 INDIAN ECONOMY:
RESILIENT AND WITHERING THE STORM

22 ESG INVESTING:
WILL IMPACT INVESTING BE PROFITABLE FOR
ALL?

28 ELECTRIC VEHICLES:
A GAME CHANGER FOR INDIAN AUTO
INDUSTRY?

35 INDIAN RETAIL:
EYE ON THE FUTURE (GROWTH, CHALLENGES
AND OPPORTUNITIES)
CEO’S
 DESK


      


       
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BUDGET 2023
LAYING THE FOUNDATION OF VIBRANT INDIA
The final full budget for the current administration was
announced by Finance Minister Ms. Nirmala Sitharaman on
February 01, 2023.
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Investments in securities are subject to market risks, read all scheme related documents carefully. wealth@investonline.in 01
BUDGET 2023: LAYING THE FOUNDATION OF VIBRANT INDIA

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INDIAN ECONOMY
RESILIENT AND WITHERING THE STORM
INDIAN ECONOMY: RESILIENT AND WITHERING THE STORM

 
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Changes in India's Quarterly GDP (y-o-y)

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-23.8%
-30%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
FY19 FY20 FY21 FY22 FY23

12
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INDIAN ECONOMY: RESILIENT AND WITHERING THE STORM

GDP and GVA Estimates (y-o-y changes at constant prices)

10.0% 8.6% 8.9%


9.3%
7.7% 7.4%
6.9%
5.0% 3.3%

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-5.0% -3.3%

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Agriculture GVA Industry GVA Services GVA GVA GDP

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FY21
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*: Average growth for April to July 2022

Industrial Activity (Changes in y-o-y in%)

15%

10% 10%
6% 10% 13%

5%

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Mining Manufacturing Electricity IIP

FY18 FY19 FY20 FY21 FY22 FY23


*: Average growth for April to July 2022
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GST Revenue -Monthly Average (Rs trillion) ž   €€ € 
1.60
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1.49
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1.24
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*: Average for April to August 2022

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15
INDIAN ECONOMY: RESILIENT AND WITHERING THE STORM

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Foreign Portfolio Investments (FPIs) in USD Mn

13,000

8,000

3,000

(2,000)

(7,000)

(12,000)

(17,000)
Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22

Equity Debt Total

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buying a house or a car, InvestOnline’s goal based calculator can help you to get a
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Investments in securities are subject to market risks, read all scheme related documents carefully. wealth@investonline.in
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Your retired life is for you to enjoy, not for you to worry about income. Our retirement
calculator helps you to calculate how much you need to grow your wealth to ensure a
smooth and hassle free post retirement life. w w w. I nve s tO n l i ne. i n
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INDIAN ECONOMY: RESILIENT AND WITHERING THE STORM

Gross NPAs (Bank Groupwise)


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Post the NBFC crisis, SEBI introduced Partial Credit
INDIA’S Enhanced (PCE)
EMPLOYMENT credit
SCENE: ratings
ARE THE for NBFCs
GLOOMIER DAYSand HFCs.
OVER?
FY19 This enabled NBFCs and HFCs attain a better credit rating, which improved investor sentiment.

To improve the integrity of credit ratings, SEBI also introduced tighter disclosure norms for CRAs.

The GoI set out to amalgamate various public sector banks, which would make the resultant banks
resilient, less risky and more profitable.
Increasing the flow of credit in the economy by the lowering of the Leverage Ratio and Cash Reserve
FY20 Ratio.

Expansion and extension of its Targeted Long-Term Repo Operations.

A special liquidity scheme for the stressed NBFC and HFC sector, as well as for Mutual Funds was
introduced.

Rs 50,000 crore relief was provided to the MSME sector.


FY21
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, provided a pre-packed agreement for
the resolution of the debt of a distressed MSME entity.

The RBIs' Priority Sector Lending Guidelines, which included sectors like Agriculture, Education,
Export Credit, Housing and MSMEs, helped stimulate lending in the economy and ensured credit
availability across stressed sectors of the economy.

The All-India Financial Institutions was refinanced to the tune of Rs 50,000 crore in FY21.

Resolution Framework for Covid-19 Related Stress was introduced, which enabled lending institu-
tions to formulate a resolution plan for borrowers facing stress due to Covid-19. This helped mitigate
the impact of Covid-19 on borrowers and would eventually lead to the revival of the stressed sectors
of the economy.

To help relive the banks of their stressed assets, the NARCL was set-up.

Co-operative banks were permitted to utilise the SARFAESI Act to recover bad loans.

In view of the Punjab and Maharashtra Co-operative bank issue, the RBI was given regulatory powers
over co-operative banks through the Banking Regulation (Amendment) Bill, 2021.

At the onset of the second lockdown in FY22, the RBI launched the G-Sec Acquisition Program
FY22 (G-SAP) 1.0 to provide liquidity to the system and support the yield curve during Q1FY22. The RBI
launched G-SAP 2.0 for Q2FY22, which it halted in response to the easing of the lockdown, adequate
liquidity and better GST collections.

A Credit Guarantee Scheme for Micro-Financial Institutions was launched to ensure the availability
of credit to small borrowers.

The RBI increased policy rates to tackle increasing inflation with the background of rising energy
FY23 prices, supply-side pressures and the easing of restrictive measures.

The RBI also laid out stricter Credit Enhancement (CE) guidelines for Credit Rating Agencies (CRAs) to
enable a common framework for better assessment of Credit Enhancement across CRAs.

The cabinet also approved Interest Subvention for Agriculture Loans, supporting the Agriculture
sector by providing it access to low-interest credit.
19
INDIAN ECONOMY: RESILIENT AND WITHERING THE STORM

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INDIA’S EMPLOYMENT SCENE: ARE THE GLOOMIER DAYS OVER?
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ESG INVESTING
WILL IMPACT INVESTING BE PROFITABLE FOR ALL?
Environmental, Social, and Governance (ESG) investing has surged in
popularity over the last few years, and an increasing number of in-
vestors are starting to either invest in ESG funds or take ESG consid-
erations into account when making investment decisions.
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Drivers of ESG Investing 2017 2020
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21
ESG INVESTING: WILL IMPACT INVESTING BE PROFITABLE TO ALL

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Sector Weights Sector Weights

Financial Services 28.64 Infosys Ltd. 6.68

Information Technology 22.66 TCS Ltd. 5.58

07-04-2022
07-12-202 1

07-05-2022
07-08-2021

07-02-2022

07-03-2022
07-06-2021

07-09-2021

07-01-2022
07-07-2021

07-10-2021

07-11-2021

Automobile and Auto Components 8.57 HDFC 4.72

FMCG 7.15 HCL Technologies Ltd 3.21

Healthcare 5.70 Bajaj Finance 2.77 NIFTY100ESG Nifty 50 Nifty 100

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ESG INVESTING: WILL IMPACT INVESTING BE PROFITABLE TO ALL

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Fund/Index
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SBI Magnum 71.14%


Fund/Index Returns (1Y) Returns (5Y)
Kotak ESG Opportunities Fund 66.44%
NSE NIFTY50 index 2.80% 14.15%
Axis ESG 46.64%
SBI Magnum Equity ESG Fund 4.26% 11.87%

Kotak ESG Opportunities Fund -2.87% ICICI Prudential ESG Fund 46.60%

Axis ESG Equity Fund -0.95%


  

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24
ELECTRIC VEHICLES: A GAME CHANGER FOR INDIAN AUTO INDUSTRY?

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INDIAN RETAIL-
EYE ON THE FUTURE
(GROWTH, CHALLENGES AND OPPORTUNITIES)

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27
INDIAN RETAIL - EYE ON THE FUTURE:
GROWTH, CHALLENGES AND OPPORTUNITES

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Retail industry in India, FY22  ™€   Š    š‚ ‡ Ž ­
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449 476 883 1119      €€     
 
2019 2020 2026F 2030F
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Food & Grocery Lifestyle Electronics Others

Do You Know? By investing just Rs. 10,000 every month, you can potentially
accumulate corpus of Rs. 3.24 crore* in 25 years!
w w w. I nve s tO n l i ne. i n
Click Here +91 7777024447
To Know More
To View More, Scan QR Code.
+91 22 40713333 / 1800-2222-65
Investments in securities are subject to market risks, read all scheme related documents carefully. wealth@investonline.in
INDIAN RETAIL - EYE ON THE FUTURE:
GROWTH, CHALLENGES AND OPPORTUNITES

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37
INDIAN RETAIL - EYE ON THE FUTURE:
GROWTH, CHALLENGES AND OPPORTUNITES

Manufacture
Foreign Investor
100% Manufactured goods can be sold on B2B and B2C basis.

Manufacturing includes own and third-party (contract/toll) products.


Manufacturing Company

Wholsesale
Foreign Investor Sales can be made only to registered business users.
100% Maximum 25 percent group company sales are permitted.
Compliance per specified operational guidelines is provided.
Wholesale Company B2B trading through brick-and- mortar stores and online is allowed.

Food product retail trading


Foreign Investor The FDI is allowed with prior government approval.
100%
It is permitted for food products manufactured/produced in India.

Food Product Retailing Company Permitted to sell through own/ online third-party platform.

Single Brand Retail Trading (SBRT)


Foreign Investor About 30 percent local sourcing to be done in case of FDI > 51 percent.
About 30 percent local sourcing to be done in case of FDI >
100% 51 percent.
Local sourcing can be met through exports. 100%
Local sourcing can be met through exports.

Offline stores need to be established within two years


setting up of setting
online stores. up online stores.
Offline stores need to be established within two years of

SBRT Company

Multi Brand Retail Trading (SBRT) The FDI is subject to government approval.

Foreign Investor The FDI is subject to government approval. 100%


Minimum US$ 100 million capitalisation to be made by
foreign investor.

100% Minimum US$ 100 million capitalisation to be made by foreign investor.


Stringent conditions are imposed on investment in backend
infrastructure.

Stringent conditions are imposed on investment inE-commerce


backend infrastructure.
is prohibited.

Marketplace Company E-commerce is prohibited.

Maximum 25 percent purchase Services to be provided by e-commerce

E - commerce from marketplace /group


company by vendor is allowed.
entity to the vendors at arm’s length
and in a fair and non-discriminatory
basis.
100%

Maximum 25 percent purchase from Services to be providedCompanies


by e-commerce
that have equity
entity to the vendors
Sale price cannot be directly or indirectly
Foreign Investor from marketplace/group influenced by marketplace entity.
marketplace /group company by vendor at arm’s length and in acompanies
fair and non-discriminatory
are prohibited
from being a seller on the
basis.
100% is allowed. marketplace.
Sale price cannot be directly or indirectly influenced by
Companies that have equity from marketplace entity.
marketplace/group companies are
Marketplace Company prohibited from being a seller on the E-commerce aggregators should not prevent third-party
marketplace. vendors from selling products on different platforms.



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2000
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May-21

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Mar-22

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Nov-21
Sep-21
Mar-21

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Dec-21

Apr-22

Oct-22
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Oct-21
Jun-21
Jul-21
 
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Kotak Gold ETF has delivered an annualized return of 13.70% in the last 5 years.
-Gold is considered as a safe-haven asset. 
-Investment in gold can act as a shield against volatility. w w w. I nve s tO n l i ne. i n
Click Here +91 7777024447
To Know More
To View More, Scan QR Code.
+91 22 40713333 / 1800-2222-65
Investments in securities are subject to market risks, read all scheme related documents carefully. wealth@investonline.in
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RBI Retail Direct Platform -


How Safe It Is And
Should You Use It?
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  ‚

ƒ        Mistakes People Make


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Being Your Own Boss?  ‰ 


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       ‡  Should senior citizen invest in
     ” †€  small finance bank FDs giving
Š ™”†Šš       9% to 9.5% returns. Explained:
 •    ›‚•   
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04 Click Here

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To Know More

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When is the right time to  †€‰ €€


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MARKET UPDATE

Fund Performance - Large Cap Fund Performance - Mid Cap

Equity Diversified – Pure Large Cap 1yr 2yr 3yr 5yr 7yr 10yr Equity Diversified - Mid Cap 1yr 2yr 3yr 5yr 7yr 10yr

1.40 9.05 26.89 11.19 12.68 13.47 PGIM INDIA MID CAP OPP FUND -2.07 14.63 43.25 16.50 16.70 -
EDELWEISS LARGE CAP FUND (G)
REG (G)

KOTAK BLUECHIP FUND (G) -0.32 8.20 28.02 11.42 12.26 13.15 EDELWEISS MID CAP FUND REG (G) 1.99 13.21 36.98 11.96 15.82 19.68

BANDHAN LARGE CAP FUND REG (G) -4.16 6.88 24.44 9.73 11.53 11.08 KOTAK EMERGING EQUITY (G) 3.07 13.28 36.90 13.41 16.71 19.77

CANARA ROBECO BLUECHIP EQUITY -0.78 21.25 44.12 17.69 16.16 15.16
-1.22 6.91 25.01 12.82 13.73 13.44 QUANT MIDCAP FUND (G)
FUND (G)

Fund Performance - Tax Saving SOME RECENTLY ANNOUNCED IPOs


Lisiting Listing Current Current
Equity Tax Saving 1yr 2yr 3yr 5yr 7yr 10yr Company Name Listing Date Issue Price
Price Gains Price Gains

QUANT TAX PLAN (G) -2.40 18.65 49.51 20.22 20.86 21.22 DEV LABTECH 29-Mar-23 51.00 51.00 0.00% 50.01 -1.94%

AXIS LONG TERM EQUITY FUND (G) BRIGHT 27-Mar-23 146.00 150.00 2.74% 154.00
-12.26 -0.45 17.82 8.14 11.08 15.56 5.48%
OUTDOOR
EDELWEISS LONG TERM EQUITY LABELKRAFT 23-Mar-23 56.00 56.00 1.82% 54.00 -1.82%
-2.01 8.21 26.51 8.38 10.91 12.97
(TAX SAVINGS) FUND (G) TECH

PGIM INDIA ELSS TAX SAVER FUND -0.70 13.14 32.78 12.00 13.81 - 22-Mar-23 73.00 73.00 0.00% 55.80 -23.56%
SUDARSHAN
REGULAR (G)

CANARA ROBECO EQUITY TAXSAVER


-1.32 8.78 28.94 14.12 14.77 14.87
FUND REG (G)

BEST PERFORMERS OF Jan to Mar 2023 Some Recently


A GROUP B GROUP Announced Dividends
CMP Price On % CMP Price On % -Dividend-
Company Name Company Name Company Name
31-Mar-23 2-Jan-23 Change 31-Mar-23 2-Jan-23 Change % Ex-Dividend
APARINDS 2,503.35 1,823.70 37.27 ZENTEC 327.60 187.40 74.81 SANOFI INDIA 1940 28-Apr-23

ACE 407.05 306.95 32.61 CAREERP 214.55 135.75 58.05 SANOFI INDIA 1830 28-Apr-23

HCL TECH 0 28-Apr-23


WORST PERFORMERS OF Jan to Mar 2023
A GROUP B GROUP KSB PUMPS 150 28-Apr-23
CMP Price On % CMP Price On %
Company Name Company Name ABB INDIA 275 28-Apr-23
31-Mar-23 2-Jan-23 Change 31-Mar-23 2-Jan-23 Change
ABFRL 214.30 286.70 -25.25 GENESYS 328.90 461.50 -28.73
Some Recently Announced Splits
PAUSHAKLTD 6217.10 8146.25 -23.68 PUNJABCHEM 827.95 1145.05 -27.69 Company Name Old FV New FV Split Date
DEEP IND 10 5 10-Apr-23

SOME RECENTLY ANNOUNCED BONUS INDICES PERFORMANCE Jan to Mar 2023 SHREE SECU 10 1 6-Apr-23
ARTEMIS ELECT 10 1 31-Mar-23
Year : 2023 Close Prev. Close
Company Bonus AVANCE TECH 10 5 31-Mar-23
-DATE- Company Name % Change
Name Ratio 31-Mar-23 2-Jan-23 BHARAT AGRI 10 1 29-Mar-23
Announcement Record Ex-Bonus
JET INFRA 1:01 9-Mar-23 21-Apr-23 21-Apr-23 BSE_Auto 28,246.92 29,046.38 -2.75%
The Quarter That Was
INNOVANA BSE_Metal 19,184.87 21,445.59 -10.54%
1:01 14-Feb-23 30-Mar-23 29-Mar-23
Indices 31-Mar-23 2-Jan-23 Difference
Points
GROWINGTON 25:40' 17-Feb-23 24-Mar-23 24-Mar-23 BSE_Midcap 24,065.59 25,458.77 -5.47% Sensex 58,991.52 61,167.79 -2,176.27
VENT
SUNDARAM- Nifty 17,359.75 18,197.45 -837.70
116:01' 9-Feb-22 22-Mar-23 24-Mar-23 BSE_Oil & Gas 17,383.40 20,470.29 -15.08%
CLAYTO
Nifty-Junior 37,797.75 42,248.40 -4,450.65
MAGELLANIC 3:01 14-Mar-23 14-Mar-23 21-Mar-23 BSE_SmallCap 26,957.01 29,169.29 -7.58%
CNX_Midcap 8,466.80 8,821.80 -355.00

ASTRAL LTD 1:03 7-Feb-23 10-Mar-23 14-Mar-23 BSE_Bankex 46,031.95 49,132.64 -6.31% BSE_SMLCAP 26,957.01 29,169.29 -2,212.28

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