Weekly News 06th Feb 2023.pptx

Weekly News

1. Weekly News 06th Feb 2023 © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)

2. Snapshot Weekly Market Update Budget Highlights 2023 SEBI proposes Direct plans in AIF 01 02 03 04 © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) Chronology of Adani Saga 06 NFOs Launched This Week 05 Profit-booking trims MFs’ equity exposure

3. Weekly Market News © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) Index % Change (Last week) % Change (yearly) Nifty 50 0.39% 1.15% Nifty Midcap 150 1.31% 0.98% Nifty Small Cap 250 2.00% -7.87% Nifty IT 0.95% -13.4% Nifty Bank 2.51% 6.73% Nasdaq 100 4.28% -13.5% S&P 500 2.15% -7.75% Dow Jones 0.05% -3.32% Nifty Pharma -1.97% -9.14%

4. Budget Highlights 2023 No tax on income up to Rs 7.5 lakh a year in the proposed concessional tax regime (with inclusion of standard deduction of Rs.50,000) Govt proposes to reduce highest surcharge rate from 37% to 25% in new tax regime Capital expenditure increased by 33% to Rs. 10 lac crores to enhance growth potential and job creation, crowd-in private investments, and provide a cushion against global headwinds Defense budget increased to Rs 5.94 lakh crore from last year's Rs 5.25 lakh crore KYC process to be eased with the use of Digilocker coupled with 5G service, Aadhar (for individuals) & PAN (for non-individuals) as common identifier for all digital systems The unlimited exemption of LTCG (Long-term Capital Gains) on house properties under section 54 and section 54F of Income Tax Act was removed and a cap of Rs. 10 crores were placed instead MLDs will now be taxed as short-term capital gain irrespective of the holding period and as per the individual’s slab rate, making it less attractive for HNIs © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)

5. SEBI proposes measures to make AIF more investor friendly In a recent consultation paper, SEBI has proposed that AIFs be mandated to offer the option of direct plans – with no distribution or placement fees – to investors. The securities market regulator has also proposed the introduction of a trail model for the distribution commission in AIFs. The introduction of direct plans is to prevent AIF investors from being charged twice. SEBI has proposed that investors in Category III AIFs be charged fees on a trail basis. Those in Category I AIFs and Category II AIFs may also be charged on a trail basis, but a certain higher amount of placement/ distribution fee (one-third of the present value of the total distribution fee) may be paid upfront in the first year. The regulator has also proposed mandatory dematerialization of units of AIFs. As part of the first phase, all schemes of AIFs with a corpus of more than ₹500 crores will have to compulsorily dematerialize their units by April 1, 2024. © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)

6. Chronology of Adani Saga © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)

7. Profit-booking trims MFs’ equity exposure across sectors in Dec Mutual funds have reduced their equity holding across sectors in December with steady profit-booking by investors. Fund houses hikes investment in auto ancillary to ₹40,935 crore from ₹30,131 crore, fund houses have cut their investments across refineries, chemicals, FMCG and cement as the high valuation of markets remained a concern amid recessionary trend in developed economies. © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)

8. © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) NFOs Launched This Week Mirae Asset Mutual Fund has launched, Mirae Asset Flexi Cap Fund: The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization. The NFO subscription was launched on 03 rd Feb 2023 and will close on 17 th Feb 2023. Fund Manager: Mr. Vrijesh Kasera Axis Mutual Fund has launched the Axis Business Cycles Fund: The focus of the fund is to provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The NFO is currently open, and it will close for subscription on February 16 th . Fund Managers: Mr. Ashish Naik & Mr. Vinayak Jayanath

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