Prosperity Wealth Management

SEBI Registered Portfolio Management Service. Tweets are not Recommendations or Investment Advise.

We manage Prosperity Discovery Fund.

[Prosperity Wealth Management @PwmIndia]

Headlines drive attention. Fundamentals drive long-term returns.

The better question isn’t “What’s today’s news?”
It’s “Does it change the long-term value of the business?”

[Prosperity Wealth Management @PwmIndia]

The biggest investment risk isn’t always the market. Sometimes, it’s how you react to it.

Long-term wealth is built on patience, discipline and perspective.

[Prosperity Wealth Management @PwmIndia]

Retail sales of automobiles during the festival season reached their highest-ever numbers in 2023, totaling 3.793 million units. This represents a 19% increase over the 3.195 million units sold during the same period last fiscal year. b
Source: FADA

[Prosperity Wealth Management @PwmIndia]

Credit card spending by Indians surged 25.35% to ₹1.78 trillion in October, up from ₹1.42 trillion in September 2023, driven by growth in POS transactions and e-commerce payments during the festive season. b #SBIcard
Disclaimer: Not invested
Source: Business Standard, RBI

[Prosperity Wealth Management @PwmIndia]

The CPI-based retail inflation rate dropped for the second straight month to a five-month low of 4.87% in October, attributed to a favorable base effect and moderation in sectors such as clothing, footwear, housing, fuel, and transport. b

[Prosperity Wealth Management @PwmIndia]

Life insurance companies reported a 7.64% YoY rise in new business premiums in October this year, supported by a healthy growth in premiums from private sector insurers, offsetting the contraction posted by LIC. b

[Prosperity Wealth Management @PwmIndia]

The Wholesale Price Index (WPI) contracted for the 6th consecutive month in September, declining by 0.26% YoY due to widespread price decreases.
This negative trend in wholesale inflation may further contribute to a reduction in consumer inflation, which dropped to 5% in sep. b

[Prosperity Wealth Management @PwmIndia]

According to OPEC,
India's primary energy demand is projected to double to 38.5 mboe/d by 2045.
Global energy demand is set to rise from 291 mboe/d in 2022 to nearly 359 mboe/d in 2045, a 23% increase. b
Mboe/d: Million barrels of oil equivalent per day
Source: BS

[Prosperity Wealth Management @PwmIndia]

India's auto retail sales surged 9% YoY in H1FY24, hitting 11.07 million units, up from 10.17 million last year. A strong recovery spans across auto categories. b
Source: FADA

[Prosperity Wealth Management @PwmIndia]

For the first time, the industry received more than ₹16,000 crore (US$ 1.92 billion) through the SIP route in September. Source: AMFI, Business Standard b

[Prosperity Wealth Management @PwmIndia]

In a milestone moment for the Indian mutual fund industry, the number of unique investors surged past 40 million in September 2023, according to AMFI. Though the penetration remains low, reaching the 40-million mark is of significance for the 'nascent' industry.

[Prosperity Wealth Management @PwmIndia]

This considerable increase can be attributed to the improved profitability of corporations in the second quarter, system-driven compliance, and various enforcement actions. b
Image source: business-standard

[Prosperity Wealth Management @PwmIndia]

Advance tax collections, from both corporations and individuals, have surged by 20.73% to reach ₹3.55 trillion as of mid-September, compared to ₹2.94 trillion a year ago.

[Prosperity Wealth Management @PwmIndia]

The growth can be attributed to central and state governments opening up their budgets for capex, a stronger demand for consumption, and increased activity in the services sector. b

[Prosperity Wealth Management @PwmIndia]

India's GDP surged to a four-quarter high of 7.8 percent in the April to June (Q1) quarter of FY24 on an annual basis, according to data released by the National Statistical Office (NSO).

[Prosperity Wealth Management @PwmIndia]

Currently active in 80 countries, TVS Motor derives 35% of its total revenue from overseas markets. With an investment of ₹800 crore in tech collaborations over 6 years, a substantial ₹3,000 crore is allocated for advancing EVs in the next 3-4 years. b

[Prosperity Wealth Management @PwmIndia]

#TVSMotors is aiming to achieve 50% of its revenue from international operations within 3 years. The company is shifting beyond its focus on two-wheel exports to become a global mobility firm with a presence in nearly all overseas markets

[Prosperity Wealth Management @PwmIndia]

Domestic crude production in India climbed 2.1% YoY to 2.5 million tonnes in July. ONGC led with 1.62 mt, followed by Oil India at 0.28 mt. Sequentially, production rose 2.8% from June. L
#ProductionStats

Source: Business Standard

[Prosperity Wealth Management @PwmIndia]

Indian refiners processed 21.9 million tonnes of crude oil in July, up 2.2% YoY, as per PPAC data. Refining throughput rose 1.7% sequentially. Gov't-owned PSUs handled 14.7 mt, while private refiners managed 7.2 mt #OilAndGas #Energy

[Prosperity Wealth Management @PwmIndia]

Gov't measures, like reducing merchant fees and promoting PoS terminals, are propelling India's card payment surge, according to GlobalData. While ATM withdrawals grow by 4.6%, contactless payments and card usage shine bright. L
#PaymentsTrends

Source: Business Standard

[Prosperity Wealth Management @PwmIndia]

Card payments in India set to hit ~27.9 trillion in 2023, up 28.6% YoY, says GlobalData report. Economic growth, consumer preference for electronic payments, and gov't initiatives drive this growth. 💳💰 #DigitalPayments #Economy

[Prosperity Wealth Management @PwmIndia]

India's card payments saw a 26.2% surge in 2022, fueled by economic growth, digital payment adoption, and regulatory efforts. This trend is likely to continue, reflecting a shift away from cash transactions. #CashlessIndia