SUNDAY WEEKLY ISSUE #27 Hello EveryFinions,
There are times when I check google trends to find out what is the in-thing in India right now – just so I don’t miss out. This week, on the 31st of March, the top 3 google searches from India were – “Good Friday” (totally makes sense), “April Fool Jokes” (Really, we rely on google for April fool jokes?) and wait for it…"Aadhar PAN Link”. It wasn’t on that list on the 29th, not on the 28th, not on the 27th, not on the 26th…I could go on. But you get the point. The 31st of March happened to be the last day for linking Aadhar and PAN! And we, as a country, waited for the very last day to find out how to sort this out.
In managing our personal finances and retirement funding however, waiting for the last day to figure out is not a great idea. By then, it is usually too late. I hope you would give your friends and family a nudge to get them started on this journey sooner, rather than later. Reading our Sunday newsletters is a good place to start, won’t you agree? 🙂 IN TODAY'S NEWSLETTER
MARKET UPDATE (WEEK ON WEEK CHANGE) SENSEX 50,030 3.3% NIFTY500 12,479 4.1% Brent Crude $64.86 0.7% Gold (per gram) ₹4,492 0.6% NEWS IN BRIEF
SOUNDBITES - THAT'S WHAT THEY SAID ![]()
QUIZ Name the country with the highest gross national highest rate (personal savings, business savings & government savings) as measured by % of GDP? COVER STORY Rs.10,000 crores in VC Funding, Rs.4,500 crores in revenues ![]() You know all of those discounts that Swiggy has been offering – 50% off momos, 60% off for new users and others? Well turns out, the wealthy private equity investors have been footing the bill. Swiggy had to raise Rs.10,000 crores in the last 5 years just so they can clock in Rs.4,500 crores in revenues.
This week, we were busy analysing Swiggy's financial statements submitted to the Ministry of Corporate Affairs in India. And the numbers, are mind-numbing. Take a look at it yourself. IN CASE YOU MISSED IT... Equity Trading Strategy - Systematic Sector-Rotation ![]() Heuristic (rule-based) based equity trading strategies have existed for well over 50 years. The advent of powerful computation tools and the availability of data has only accelerated research on these criteria-based trading models. Large hedge funds like Renaissance Technologies generate several terabytes of data each day and run advanced quantitative models to select stocks.
One such approach is the systematic sector-rotation strategy published by two Italian academics - Paolo Sassetti and Massimiliano Tani. The paper was originally published in 2003 and has been quoted in various subsequent research on this subject. At its heart, the ideas comprised in it are quite simple.
We apply this trading strategy to the Indian context and find exceedingly positive backtest results. Hit the link to read more. IN CRYPTO NEWS
ANSWER TO QUIZ Republic of Ireland Is the country with the highest gross national savings rate as measured by % of GDP (56%). Gross national savings is defined as gross national disposable income minus final consumption expenditure. India is 39th on that list of highest savers with a savings rate of about 30% as of 2017. On the other hand, the top 3 countries with the highest personal savings are Luxembourg, Switzerland and Sweden. THOUGHT FOR THE DAY Like the COVID crisis, Carlos? ![]() READ/WATCH/LISTEN
From the writer in me, to the reader in you ♥
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