- Wealth PMS (50L+)
At Capitalmind we write about the rise in day trading, an upcoming IPO candidate, the latest FT saga, and an update on the momentum portfolio. On slack, we discuss a wide range of topics that concern us. We end the newsletter with a few picks from across the world that make as good reads for an investor. Oh, and yes, the title will make sense once you finish reading the newsletter.
Markets this week 🚦
Whatever red you spot in the chart is just there to stop anyone from casting an evil eye on our markets. Paper leads the pack with 9% growth last week while cement industry struggled a little.
Toughest way to make easy money!
Due to lockdowns, there’s more disposable income than ever and lower bank interest rates are pushing investors towards higher return yielding avenues. Maybe that’s why India saw a record number of DEMAT account openings in FY 20-21, almost double that of the previous year.
So here’s what we learned about trading, investing and money making in general.
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Did you make hay in May?
“Sell in May and go away” they said. In April, we observed the start of a shift from mega-caps to mid-caps in terms of momentum. Some large-caps got back their mojo but overall mid and small-caps had a better time of it in May.
Here’s a quick recap of the month gone by and factsheet of Momentum Portfolio
The Karan-Arjun pair of our times – Bull Markets and IPOs #PyaarKaBandhan
After a brief lull, IPOs are back. And so is the bull market. This time it’s an integrated metal producing company – Shyam Metalics and Energy Ltd. which is looking to raise ₹ 909 crores. IPO opens on June 14th.
Does it make sense for investors to subscribe to this IPO?
SEBI drops the hammer!
In the latest developments of the saga, SEBI has finally dinged Franklin Templeton a huge fine for what they did last year. We have been covering the story since it began and here is the latest.
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