Section A

Article - 1
Title: Financials
- Banking on Spirituality,With temple trusts alone accounting for 10-45% of the
total district deposits, banks are vying to capture this
business.
Link: LINK

Article - 2
Title: Banking & Fin - Key Takeaways
From Expert Call On Retail Lending Trends.
Competitive intensity in the prime segment was high, limiting rate hikes for prime
salaried customers in top 20 cities.
Link: LINK

Article - 3
Title: Budget 2024 Expectations: Sector-Specific
Watchlist For InvestorsBudget 2024 Expectations: Sector-Specific Watchlist For
Investors.
Link: LINK

Article -4
Title: Insurance: Lower Non-Linked Surrender Charges Proposed.
Analysts of IIFL Securities look at some scenarios where the income from
surrender charges could reduce by up to 5%-75% for insurers.
Link: LINK
Article -5

Title: portfolio-management - PMS offers tailor-made investment solutions for each

investor according to their risk tolerance and financial capability to get the best
returns. Choices regarding the solutions are related to debt vs equity investment,
the risk-to-return balance and quite importantly, the time horizon of the investor,
i.e. how long they are willing to invest.

Link: LINK
 Section B

Article - 1

Title: Financials: Banking on Spirituality,With temple trusts alone accounting for

10-45% of the
total district deposits, banks are vying to capture this business.
Link: LINK

Summary

The article emphasizes the financial opportunities arising from the intersection of
spirituality and banking, particularly in temple districts. IIFL Securities analysts
foresee potential in lending and deposit mobilization for banks, with a focus on
PSU banks like SBI, Canara, Union, PNB, and private bank HDFC. The rise of
religious tourism, government initiatives like PRASHAD scheme, and substantial
deposits from temple trusts contribute to this potential. IIFL Securities expects
these banks, with existing 5-17% branch market shares in temple districts, to be
key beneficiaries of the evolving financial landscape.
Article - 2

Title: Banking & Fin - Key Takeaways

From Expert Call On Retail Lending Trends.
Competitive intensity in the prime segment was high, limiting rate hikes for prime
salaried customers in top 20 cities.
Link: LINK

Summary

IIFL Securities analysts hosted a discussion with Mr. Raoul Kapoor, Co-CEO of
Andromeda, on retail lending trends. The key points include a competitive prime
segment limiting rate hikes, a shift in unsecured personal loan (PL) growth to top
40 cities, and a slowdown in large ticket PL after a risk weight increase. Notably,
HDFCB is gaining market share in prime home loans, while competitive intensity
rises in affordable home loans. The overall trend suggests a moderation in retail
unsecured loan growth, higher slippages, and lenders implementing rate hikes, as
indicated by Q3FY24 bank results noted by IIFL Securities.
Article - 3

Title: Budget 2024 Expectations: Sector-Specific

Watchlist For InvestorsBudget 2024 Expectations: Sector-Specific Watchlist For
Investors.
Link: LINK

Summary

The market is experiencing a retreat with a cautious budget outlook. Cement

production slowed in November. Yields have risen globally due to various factors.
The US 10yr yield is above 4%, EU yields at 2.2%, while Indian 10yr yields
remain below 7.2%. International indicators show mixed M2/M3 growth and
varying inflation rates. Global exports and imports are on a declining trend.
Consumer confidence is struggling, and commodities, including Brent and CRB
food index, continue to face demand weakness. This summary provides an
overview of the market situation, relevant to IIFL.
Article -4

Title: Insurance: Lower Non-Linked

Surrender Charges Proposed.
Analysts of IIFL Securities look at some scenarios where the income from
surrender charges could reduce by up to 5%-75% for insurers.
Link: LINK

Summary

IIFL Securities analysts discuss proposed changes in surrender charges for

non-linked insurance policies, aiming to introduce a "threshold limit." While
potential benefits include increased attractiveness of traditional products, there are
concerns about negative impacts on VNB margins and increased surrender benefit
payouts.The draft also suggests removing the initial lock-in period for surrender,
but ambiguity surrounds the calculation of the threshold premium. Lower surrender
charges could benefit policyholders in emergencies, but the overall impact on VNB
margins remains uncertain. Analysts consider SBI Life the best-positioned among
covered insurers, while companies with a higher exposure to traditional products,
like LIC, may face more significant impacts.
Article -5

Title: portfolio-management - PMS offers tailor-made investment solutions for each

investor according to their risk tolerance and financial capability to get the best
returns. Choices regarding the solutions are related to debt vs equity investment,
the risk-to-return balance and quite importantly, the time horizon of the investor,
i.e. how long they are willing to invest.

Link: LINK

Summary

Investment portfolios usually consist of investments in a wide range of securities

like stocks, bonds and cash equivalents. This combination depends on the investor's
risk tolerance level, which affects the returns potential of the portfolio investments.

But, establishing a strong investment can be challenging especially if you are an

amateur investor. It requires extensive knowledge regarding the market and the
securities, to calculate the RRR (Return Risk Ratio- a calculation of potential
benefits against potential losses) accurately. This is where Portfolio Management
Services or PMS.
 Section C

Literature Review:

M. Venkateswari, G. Ravindran (2014) in the paper “Commodity Derivatives

Exchanges in India: A Study of Select Exchanges” analyzed the trend and progress
of the commodity national exchanges MCX and NCDEX. The performance of
these exchanges is evaluated. The criteria for performance is number of contracts,
volume traded and value of the commodities traded and awareness programs
conducted. The CAGR of both the exchanges is high and the number of awareness
programs conducted for farmers is more than the programs conducted for
non-farmers.
BhaskarGoswami, Isita Mukherjee (2015) in the paper “How attractive is the
Commodity Futures in India?” compared the return on commodity futures with
common stocks, long term government bonds, treasury bills , rate of inflation and
detailed that high returns are generally associated with high risk in line with the
general theory of risk-return. The standard deviation on real rates of return of
commodity futures is same as the standard deviation on nominal rates of return.
Results suggest that thought common stocks gave higher return but provided poor
hedging during inflation.
Vivek Rajvanshi (2017) in his paper “Commodity Futures Market in India”
explained the functioning of futures market and challenges of the futures market.
The paper detailed the inception of commodities and their growth to become an
alternative class of investment and heading towards financialization. Challenges
along with the growth were focused in the study. The study concludes that the
Futures market dominates the spot market and the results suggest that inefficiencies
in market led to increase in Basis Risk which can be reduced by hedging the
commodity futures. The paper also suggests that commodity futures provide
transparent price discovery for the traded commodities.
Riva Kiran (2022) in the study highlighted the volatility that is influencing the
variousmovement of the portfolio and the stock market. His article revealed that
mutual funds and stocks are the most preferred financial path, but he needs some
innovation and additional qualitydimension in existing services.
 Section D

PS 301 presentation Link - .pdf & .ppt