Wealth Newsletter July 2020

Monthly Market Data

In June 2020, the Domestic market moved positively with the benchmark Sensex and Nifty Index ending the month with 7.7% and 7.5%gains respectively.

Nifty PSU and reality were the best-performing sectors.

Global growth is projected at 4.9% in 2020, 1.9% points below April 2020 World Economic Outlook (WEO) forecast.

The S&P 500 index, ended the month with flat to positive territory of 1.8%. The commodity market is facing a very rough patch over the first half.

The yield of 10 yr government bond

READING A FUND FACTSHEET

Before investing in any mutual fund, an investor must necessarily go through the details provided in its factsheet. Here are some guidelines about what to look out for.

With Over $15 Bn Raised In 2 Months, Reliance Jio Outpaces Indian Tech Startup Funding In 2019

Reliance Jio Platforms has raised 26% of the total funding raised by Indian startups between 2014 and 2019
In 2019, Indian startups raised $12.7 Bn across 766 deals, while Reliance has exceeded this count by nearly $3 Bn since April
Facebook is currently the biggest external stakeholder in Reliance Jio Platforms among the 10 investors on board

ALL YOU NEED TO KNOW ABOUT MOTOR INSURANCE

Motor insurance offers protection against third-party damages and theft or damage to own vehicle. While third-party liability cover is mandatory, comprehensive insurance is optional.