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In the Month of Oct’24 industry received
* Highest equity net sales: ₹ 59,362 crore

* Highest net sales in Oct’24 (Since Mar- 20) in the following 3 categories Gold ETFs : ₹1,961 crore

* Large Cap Funds: ₹3,452 cr
* Mid-Cap Funds: ₹4,683 cr

# Highest Monthly SIP Inflows ₹ 25,323 crore

#SIP Accounts: 10.12 crore

#The assets under management (AUM) of the industry rose by 0.2% sequentially and 21.7% on a three year period to ₹ 67.26 lakh crore in October 2024.

#Equity Gross Sales in Oct’ 24: ₹1,02,983 cr

#FYTD Gross Sales in equity : ₹6,89,535 cr (66% of which is Lumpsum, Ex NFO)

# Equity Net Sales in Oct” 24 ₹ 59,362 crore vs ₹ 49,766 crore in September

# Average monthly net inflows in the last 12 months is ₹ 40,880 crore

# Small cap funds received ₹3,772 crore vs ₹3,071 crore last month

# Sectoral funds saw a slight dip, receiving ₹12,279 cr in Oct’24 vs ₹13,255 crore in Sep’24

# Inflows in Other ETFs were at ₹13,442 crore as compared to ₹381 crore in Sep’24.

# Liquid Funds made a rebound in Oct’24 receiving net inflows of ₹1,09,647 crore vs net outflows of ₹92,029 crore in Sep’24.

# In this financial year across all categories total 124 NFOs were launched mobilising Rs 77,932 cr

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Here's a comprehensive list of opening and closing times for various stock exchanges around the world: T.me/AlliesFin

Asian Stock Exchanges

1. Tokyo Stock Exchange (TSE): 9:00 AM - 3:00 PM JST (4:30 AM - 10:30 AM IST)
2. Shanghai Stock Exchange (SSE): 9:30 AM - 3:00 PM CST (7:00 AM - 12:30 PM IST)
3. Hong Kong Stock Exchange (HKEX): 9:30 AM - 4:00 PM HKT (7:00 AM - 1:30 PM IST)
4. Singapore Exchange (SGX): 9:00 AM - 5:00 PM SGT (6:30 AM - 2:30 PM IST)
5. Bombay Stock Exchange (BSE): 9:15 AM - 3:30 PM IST
6. National Stock Exchange (NSE): 9:15 AM - 3:30 PM IST

European Stock Exchanges

1. London Stock Exchange (LSE): 8:00 AM - 4:30 PM GMT (1:30 PM - 10:00 PM IST)
2. Euronext Paris: 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)
3. Deutsche Börse (XETRA): 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)
4. Swiss Exchange (SIX): 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)

American Stock Exchanges

1. New York Stock Exchange (NYSE): 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)
2. NASDAQ Stock Market: 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)
3. American Stock Exchange (AMEX): 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)

Australian Stock Exchange

1. Australian Securities Exchange (ASX): 10:00 AM - 4:00 PM AEST (5:30 AM - 11:30 AM IST)

Please note that these times are subject to change, and it's always best to check with the exchange or a reliable financial source for the most up-to-date information.

For #Womens @AlliesFin
https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1f/394

And while SEBI pointed at these violations, Brightcom had an explanation for everything. On fudging shareholding data, it claimed that the transfers were done legally and just part of corporate restructuring. On R&D costs, it insisted that it was simply following industry norms. And regarding intangible assets, it brushed it off as a timing issue for operational alignment.

But well, SEBI wasn’t having any of it and slammed them all with detailed explanations.

And that brings us to the question - What happens now?

Well, the company and its promoters are barred from the stock market and have been hit with penalties. However, many believe the penalties seem oddly light—the promoters allegedly misrepresented hundreds of crores and benefitted from it while facing just ₹34 crore in fines.

But as the order points out that the promoters are at more stringent penalty than the company itself…

Finally, in my view, Noticee No 1 (BGL) deserves comparatively lesser penalty and period of restraint for the reason that it is now largely owned by public shareholders who have borne the brunt of the fraud perpetrated by the promoter directors.
And it has also outlined for what might come next...

SEBI shall determine the quantum of illegal gains/ benefit made by way of the fraudulent scheme as established in this Order and action may be initiated in accordance with law.

As for retail investors stuck with Brightcom shares, the stock remains untradeable, and there's no telling if or when it will relist.

In response, BGL recently held an AGM and offered some vague assurances. As per the AGM minutes…

“The company’s legal team is reviewing the order in detail.” … “The company remains committed to transparency and will continue to provide regular updates as and when appropriate.” … “The exchanges will notify the company and shareholders as soon as they are ready. We will keep the community informed as soon as there is clear visibility on the relisting timeline.”

Uh oh. In short, it's asking investors to sit tight and hope for the best.

And there’s also a bigger issue at play here. You see, Brightcom was once a part of the Nifty Alpha 50 index. Meaning many mutual funds and ETFs had exposure to it. And as a result, this simply means that countless passive investors unknowingly held its shares through these funds.

Nevertheless, this story also is for anyone who isn’t a shareholder in the company.

Despite numerous warning signs, many investors held on, convincing themselves they had found an undervalued gem backed by big names. But when a stock is littered with fraud allegations, it pays to question every assumption before betting small or big.

And perhaps the biggest takeaway? If you ever find yourself thinking “Why am I so lucky to have found this once-in-a-lifetime opportunity?,” it’s worth considering that you might just be missing something.

For Brightcom investors and shareholders, that moment of realization came far too late.

Now, all they can do is wait, hoping the stock will trade again someday so they can finally cut their losses. And we can only hope that day comes sooner than later.

STAY TUNED FOR UPDATED
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#wealth @AlliesFin

https://x.com/AlliesFin9/status/1889896138364633157

Stay Calm, Stay Invested: The Market Rewards Patience @AlliesFin

The recent market correction may be unsettling, but history has consistently shown that strong fundamentals always prevail.

Instead of reacting emotionally, investors should focus on quality stocks and deploy capital strategically in phases.

Market Corrections Are Temporary; Growth is Permanent

India’s stock market has witnessed multiple downturns in the past:

1992 Harshad Mehta Crash – Triggered by a banking scam, but the market rebounded as regulations strengthened.

2000 Dotcom Bubble Burst – Overvaluation in tech stocks led to a collapse, but innovation eventually drove the IT sector to new highs.

2008 Lehman Brothers Crisis – A global financial meltdown, yet India emerged stronger with robust banking and financial reforms.

2015 Market Correction – A mix of global slowdowns and domestic factors, but growth stocks continued delivering value.

2020 COVID-19 Crash – One of the sharpest falls, yet the fastest recovery, proving India’s resilience.

Each time, the Indian market has not only recovered but emerged stronger, rewarding those who remained patient and invested wisely.

Why This Time is Different & Why Investors Should Stay Optimistic

1. No Major Domestic Crisis or Scam – Unlike previous corrections driven by frauds or financial crises, the current downturn is not due to any structural weakness in India.

2. Global Markets are at New Highs – Major indices in the US (S&P 500, Nasdaq) and Germany (DAX) are touching record highs. India’s current dip is an opportunity rather than a warning sign.

3. India Remains the Fastest-Growing Economy – With projected GDP growth of 6-7%, India is outperforming most global economies, ensuring long-term market potential.

4. Strong Corporate Earnings – Many Indian companies, particularly in sectors like banking, IT, infrastructure, and manufacturing, have reported robust earnings growth.

5. Domestic Investment is at an All-Time High – SIP inflows in mutual funds are at record levels, reflecting strong retail investor participation.

The Right Approach: Invest with Strategy, Not Emotion

Rather than trying to time the bottom, investors should:

Focus on fundamentally strong companies with consistent earnings and growth potential.
Invest in phases (SIP or staggered buying) to manage volatility.
Stay patient—market cycles are natural, and long-term investors have always been rewarded.

Corrections Create Opportunities

The market is not broken—it's just resetting valuations after a strong rally. India’s economic fundamentals remain intact, and long-term wealth is built by staying invested through cycles.

As Warren Buffett says: “The stock market is designed to transfer money from the active to the patient.”

Stay patient, stay invested, and let time work in your favor. T.me/AlliesFin

Key Takeaways from Jonathan Garner, Morgan Stanley's Chief Asia and EM Equity Strategist: @AlliesFin

Earnings and Interest Rates
1. Earnings revisions in Nov & Dec were significantly negative.
2. Expects the earnings down cycle to end by the June quarter.
3. Interest rate cuts will aid the earnings recovery story.

Trade and Market Outlook
1. India and Japan are unlikely to be affected by tariff and non-tariff barrier escalations.
2. Globally and locally, the outlook remains constructive for India.

Market Overweights and Underweights
1. Overweights: Japan, India, and Singapore.
2. Underweights: China, Korea, and Taiwan.

Link to this post
https://t.me/AlliesFin/15707