Bhushan Sh*tut FS

12/04/2023

16/08/2022

Dear Investors,

We are glad to inform you the launch of Sundaram Flexi Cap Fund (An Open-Ended dynamic equity scheme investing across large cap, mid cap, small cap stocks)._*

*BENEFITS OF INVESTING IN FLEXI CAP*
Flexi Cap approach helps balance risk & returns:
• Dynamically invests across market caps depending on attractiveness and valuations

• Diversified across industries and sectors

• Potential to outperform across market cycles

• Greater investment choices for the fund manager, leading to better diversification

*NFO Open Date:* 16/08/2022

*NFO Close Date:* 30/08/2022

Fund Managers:
Mr. Sudhir Kedia & Mr. Ravi Gopalakrishnan (Equity);
Mr. Dwijendra Srivastava (Fixed Income)

Cheque Favouring:
Sundaram Flexi Cap Fund

Happy Investing!!!

Best Regards,
Bhushan Sh*tut Financial Services
9821154796

26/07/2022

*QUANT LARGE CAP FUND - Closing on 3rd August*

Here are the few salient feature of Large Cap Stocks are as follows:

Lower volatility and down side risk protection
Business with deeper core competencies
Scalable and sustainable strategies
Proven Track record
High Capital efficiency and economies of scale
Highly liquid securities
quant large cap Fund is an open ended equity scheme that predominantly invests in large cap stocks.The Scheme will invest minimum 80% of the portfolio in large cap stocks and maximum 20% of the portfolio in stocks from the Nifty 500 universe in a dynamic manner to generate alpha.

The Scheme has the ability to generate extra alpha by writing call options (max 20% of the portfolio value) and hedging the portfolio on inflection points to ensure that the portfolio can combat market volatility effectively.

I strongly believe that cutting edge benefits of Large Caps coupled with VLRT frame work can offer better investment outcomes over both the long and medium term than conventional “large cap” portfolios.

- BHUSHAN SH*TUT
9821154796
YOUR TRUSTED FINANCIAL PLANNER

23/02/2022

From Advisory Desk 23rd February 2022

Market outlook: US markets ended down by more one percent as escalating tensions over Ukraine. However, futures are trading higher by a quarter percent. Asian markets have started on a flat to positive, with SGX nifty is indicating a positive opening. Crude oil and gold prices cools off from yesterday’s high post western countries first tranche of sanctions on Russia. Yesterday, Nifty has witnessed a strong recovery from major support 16800 levels and closed near day high's. We continue to expect the volatility as India VIX increased by 16% to 26 level and now nifty has to hold 17000 for further recovery.

Actionable: Buy Infosys, Maruti

Global market:
DOW: - 482
SGX NIFTY: +80 (prev. close 1710
NIFTY 50 : 17092
Sensex : 57300

Institution:
FII: - 3246 Cr
DII: + 4109 Cr

NSE:
Advances: 634 / Declines: 2724

Currency:
Dollar: $ 74.88
Dollar Index: 96.03

Commodity:
Gold: $1900 per ounce
Crude: $93.80 per barrel

Bonds:
10 year US bond rate: 1.94
10 year Indian Bond rate: 6.75

Derivative:
PCR: 0.87
VIX: 26.66

Updates:

Crompton Consumer: Announces the acquisition of controlling stake in Butterfly, company to acquire up to to 55% at Rs.1403 per share, aggregating up to 1378 crore. Also, will launch the mandatory open offer to butterfly shareholders for acquiring up to 26% at Rs.1433.90 per share. This acquisition is a transformational step towards company's long strategic goal of becoming a leading pan-india player in small domestic appliances.

Securities in Ban: ESCORTS, IBULHSGFIN, PNB.

Derivative View : VIX closed at 26.66. Immediate max Put OI is at 17000 then 16800. Max Call OI is at 17500 then 17300. Option data suggests trading range between 16800 to 17500.

08/12/2021

From Advisory Desk 8th December 2021

Market Outlook: US markets extended rally by up to 3% led by tech stocks, as worries over impact of the Omicron eased. Asian markets have started on a positive note, with SGX Nifty is trading higher by 100 points. Yesterday, Indian markets recovered smartly from the previous day’s low on account of strong global cues and short covering. Metals were top gainers followed by banks & realty. Now, follow-up buying required for further up move. Bank Nifty is clearly showing strong strength from few days falling less in weak markets and leading in rally. Today, focus would be on RBI policy announcement at 10 AM.

Actionable: Buy ICICI bank, TCS, Tata Motors.

Global market:
DOW: +492
SGX NIFTY: +125 (prev.close 17211)
NIFTY 50 : 17176
Sensex : 57633

Institution:
FII: -2585 Cr
DII: +2606 Cr

NSE:
Advances: 2300 / Declines: 985

Currency:
Dollar: $ 75.44
Dollar Index: 96.21

Commodity:
Gold: $1790 per ounce
Crude: $75.25 per barrel

Bonds:
10 year US bond rate: 1.46
10 year Indian Bond rate: 6.39

Derivative:
PCR: 0.82
VIX: 18.46

Updates:

Nykaa: IPO Anchor investors lock in period will be open for selling from today onwards, stock may under pressure.

Reliance industries: Company announced strategic JV with TAZIZ, Abu Dhabi based chemicals derivatives company, for chemical projects worth $2 billion to produce wide range of industrial use chemicals like Chlor-Alkali, EDC and PVC.

Life insurance industry update : Industry reported overall APE growth of 26% YoY in Nov Month. Among listed players, MAX Life /SBI Life posted robust growth of 36% /30% YoY. IPRU life was up 13% YoY, while Hdfc life reported muted growth of 1.7%.

Securities in Ban: IBULHSGFIN.

Derivative View : VIX closed at 18.46. Immediate max Put OI is at 17100 then 16900. Max Call OI is at 17400 then 17300. Option data suggests a trading range between 16900 to 17400.

25/10/2021

From Advisory Desk 25th October 2021

Market Outlook: Globally the markets have started the week on flat to negative and SGX Nifty is trading in flat as Covid cases are on rise in Western and selected Asian countries. Last week, Broader markets witnessed a heavy profit booking in majority of the sectors except in banking stocks. Over the weekend, good set of quaterly numbers were declared by Reliance Industries and ICICI Bank which will support the markets at lower end. Overall, Markets may remain volatile for short term and stock specific action will be continued.

Actionable: Buy ICICI Bank, HDFC Ltd, Tatva Chintan, Tata Motors.

Technical & Derivative Diwali Picks (Samvat 2078): Buy SBI, LT, TRENT, BATA, TECHM.

Global market:
DOW: +73
SGX NIFTY: +10 (prev.close 18144)
NIFTY 50 : 18114
Sensex : 60821

Institution:
FII: -2698 Cr
DII: +1030 Cr

NSE:
Advances: 1258 / Declines: 2053

Currency:
Dollar: $ 74.89
Dollar Index: 93.64

Commodity:
Gold: $1795 per ounce
Crude: $85.05 per barrel

Bonds:
10 year US bond rate: 1.64
10 year Indian Bond rate: 6.36

Derivative:
PCR: 0.86
VIX: 17.54

Today's results announcement: Tech mahindra, Coforge, Colpal, HDFC AMC, Indus towers, Ramco cements, SRF, AB Sun life AMC, Ceat, CSB Bank, Dwarikesh sugar, GMDC, Kansai nerolac, ICRA, Quick heal, Jagran prakshan, Orient cement, praksh industries, Suven life sciences.

Results update:
Above estimates: Reliance industries, ICICI Bank, Federal bank, Kajaria ceramics, TCI Express, Crompton Consumer, Orient electric
Inline estimates: Tata Consumer, HDFC life, Inox leisure, Gland pharma, PVR
Below estimates: MCX, Polycab, Jubilant Pharmova



Updates:

Asian paints: As per reports, a whistle blower alleges related party transactions carried out by the company's promoters to buy a company called Paladin paints and chemicals at the cost of Asian paints shareholders. However, the company has given a clarification that no related party transactions happened and all the transactions done with necessary approvals.

Securities in BAN: ESCORTS, IBULHSGFIN, IDEA, IEX, PNB, SAIL.

Derivative View : VIX closed at 17.54. Max Put OI is at 18000 then 17900. Max Call OI is at 18200 then 18400. Option data suggests a trading range between 17900 to 18400.

01/10/2021

From Advisory Desk 1st October 2021

Market Outlook: Dow futures is trading half a percent lower, after Dow Jones closed 1.5 % on thursday due to concerns over inflation, interest rate hike and global supply chain issues. Asian markets too have started in red by upto 2 %, with SGX Nifty is down by 150 points. Gold advanced by 2% in last session, as dollar index pauses rally. Indian markets witnessing a gradual slide from past few days on back of global cues, lack of fresh triggers and profit booking in high valued sectors. We expect the volatility to continue as the VIX still trading above 18 levels, however stock specific action will be in momentum. Today, monthly auto sales number will be released.

Actionable: Buy Sun pharma, Amber enterprises, DLF.

IPO listing: Paras defence shares to start trading in exchanges today after subscribed by 304 times.

Global market:
DOW: -546
SGX NIFTY: -150 (prev.close 17602)
NIFTY 50 : 17618
Sensex : 59126

Institution:
FII: -2226 Cr
DII: +97 Cr

NSE:
Advances: 1767 / Declines: 1502

Currency:
Dollar: $ 74.22
Dollar Index: 94.36

Commodity:
Gold: $1753 per ounce
Crude: $78.35 per barrel

Bonds:
10 year US bond rate: 1.48
10 year Indian Bond rate: 6.22

Derivative:
PCR: 0.89
VIX: 18.40

Updates:

GR infraprojects: Has received a letter of award from NHAI worth of Rs.951 crore for constructing a part of 6 lane highway in Punjab under HAM.

The government has reset the price of domestic natural gas at $2.9 vs $1.79 per mmBtu ( 62% hike) for the period of October- March which is largely in-line with expectations. Positive for gas exploration companies like ONGC, OIL ltd, Reliance etc and negative for industries that use natural gas as input, primarily fertilizer, power, ceramic, CGD etc.

Maruti: Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in the month of October in both the plants. The company estimates that the vehicle production volume could be around 60% vs 40% in Sep.

Securities in BAN: NIL.

Derivative View : VIX closed at 18.40. Max Put OI is at 17500 then 17300. Max Call OI is at 17700 then 17800. Option data suggests a trading range between 17300 to 17800.

30/09/2021

From Advisory Desk 30th September 2021

Market Outlook: US markets ended in mix. Asian markets too have started in mix, with SGX Nifty is trading lower by 50 points. Dollar index surged to one year high which is at 94.30 on expectations of early bond tapering and possible interest rate hikes in 2022. FIIs have been the net sellers in last three sessions amounting over Rs.4,000 cr. Today being a monthly expiry, we expect volatility to be higher with Nifty's range to be 17600-17850 and Bank Nifty's range to be 37300-38000. Auto stocks will be in focus a head of monthly sales number.

Actionable: Buy Coal india, Sun pharma, Tata chemicals.

Investment Idea: Buy Birla Corporation

Smart Technical basket ( Travel & Tourism): Buy Indian Hotels, United Spirits, Lemon Tree Hotels, Varun Beverages, VIP Industries, Mahindra Holidays, Easy Trip planners.

Global market:
DOW: +90
SGX NIFTY: -50 (prev.close 17705)
NIFTY 50 : 17711
Sensex : 59413

Institution:
FII: -1896 Cr
DII: +3262 Cr

NSE:
Advances: 1854 / Declines: 1432

Currency:
Dollar: $ 74.15
Dollar Index: 94.31

Commodity:
Gold: $1730 per ounce
Crude: $77.85 per barrel

Bonds:
10 year US bond rate: 1.51
10 year Indian Bond rate: 6.21

Derivative:
PCR: 0.86
VIX: 18.83

Updates:

HAL: Defence acquisition council has approved the acquisition of defense equipments worth total Rs 13,165 crore including 25 ALH Mark III helicopters worth Rs.3,850 crore and other proposals worth Rs.4,353 crore under the make in india plan.

Persistant systems: Company has entered into an agreement to acquire Software Corporation and its affiliate Fusion360 for about $53 Million and also acquired Shree Partners for approx $7 million, thereby expanding its cloud capabilities. Revenue contribution from the both the companies would be around 5%.

Zee entertainment: Invesco, the largest investor in the company has moved to NCLT for failing to announce a date for EGM seeking removal of the MD&CEO and reconstitution of the board. NCLT to hear the case today.

Securities in BAN: SUNTV.

Derivative View : VIX closed at 18.83. Max Put OI is at 17500 then 17600. Max Call OI is at 17900 then 17800. Option data suggests a trading range between 17500 to 17900.

29/09/2021

From Advisory Desk 29th September 2021

Market Outlook: Due to rising bond yields and expectations of higher inflation, US markets remained under pressure throughout the day. However, futures turned into positive and trading higher by quarter percent. Asian markets have started trading in red, with SGX Nifty is trading lower by 90 points. Yesterday, Indian market had made a smart recovery from intraday lows in the last hour of trading session, after a positive opening in the start, but today it seems to open lower. We expect volatility to continue at higher levels but stock specific action will be in momentum.

Actionable: Buy BEL, Coal india.

Tactial idea for 3-6 months: Buy Maruti

For High risk traders: Buy Apollo Hospitals

Global market:
DOW: -569
SGX NIFTY: -85 (prev.close 17724)
NIFTY 50 : 17748
Sensex : 59667

Institution:
FII: -1958 Cr
DII: +161 Cr

NSE:
Advances: 1436 / Declines: 1828

Currency:
Dollar: $ 74.04
Dollar Index: 93.69

Commodity:
Gold: $1738 per ounce
Crude: $77.45 per barrel

Bonds:
10 year US bond rate: 1.55
10 year Indian Bond rate: 6.23

Derivative:
PCR: 0.94
VIX: 18.53

Updates:

HDFC AMC: Standard life to sell nearly 5% stake in the company for about Rs.3,042 crore through block deals today at a floor price of Rs.2870 per share, which implies a discount of 6.65% to previous closing price.

Max Healthcare : US private equity firm KKR to sell nearly 6.57% stake in the company for about Rs.2,220 crore at lower end of price through block deals today at a price range of Rs.350-369 per share, which implies a discount of 0-5.6% to previous closing price.

Securities in BAN: IDEA, SAIL, SUNTV, ZEEL.

Derivative View : VIX closed at 18.53. Max Put OI is at 17500 then 17600. Max Call OI is at 18000 then 17900. Option data suggests a trading range between 17500 to 18000.

28/09/2021

From Advisory Desk 28th September 2021

Market Outlook: US markets ended in mix due to rise in US bond yields which is at 1.48%. Asian markets too have started in mix, with SGX Nifty is indicating a flat opening . Yesterday, the Indian markets started higher, but couldn’t hold on the gains in the second half of the day. Auto stocks were the top gainers due to sectorial rotation and easing out of chip shortage concerns. VIX continue to increase from past few days and trading above 18, indicating volatility to continue in markets.

Actionable: Buy ICICI bank, Amaraja Batterries.

Tactical bet for 3-6 months : Buy Maruti

For High risk traders : Buy United breweries

Global market:
DOW: +71
SGX NIFTY: +15 (prev.close 17855)
NIFTY 50 : 17855
Sensex : 60077

Institution:
FII: -595 Cr
DII: +1398 Cr

NSE:
Advances: 1562 / Declines: 1792

Currency:
Dollar: $ 73.84
Dollar Index: 93.47

Commodity:
Gold: $1754 per ounce
Crude: $78.80 per barrel

Bonds:
10 year US bond rate: 1.48
10 year Indian Bond rate: 6.21

Derivative:
PCR: 0.85
VIX: 18.05

Updates:

Maruti: The company has informed its component suppliers to be ready for the production of 1.6-1.8 lakhs cars and SUVs in October, as it is making arrangements to secure supply of chipsets through multiple channel's, as per the reports.

ONGC: US natural gas futures continue to rise to record highs amid concerns around tight winter supplies and massive supply shortage in Europe leading to significant jump in gas prices across the world. Also, gas prices in India may increase significantly from Oct month onwards.

Securities in BAN: ESCORTS, CANBK, IDEA, SAIL, ZEEL.

Derivative View : VIX closed at 18.05. Max Put OI is at 17800 then 17700. Max Call OI is at 18000 then 17900. Option data suggests a trading range between 17700 to 18000.