Charts of the Month for April 2024

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April 2024

08^th April 2024

Comparison of Commodity & Equity Performance trajectories

Source: Factset, Jefferies as of 28^th March, 2024

1. Commodities outpaced equities after the tech bubble burst but saw a sharp decline post the global financial crisis.
2. In recent years, commodity prices have plummeted to a 50-year low compared to the broader equity markets, represented by the S&P 500.
3. Over the past year, the S&P 500 returned 30%, surpassing the commodity index at 11%. However, year-to-date returns for both hover around 11%, indicating a narrowing gap.

15^th April 2024

Fund Flows trajectory of US Mutual Funds Industry

Source: Morningstar as of 31^st Jan, 2024

1. Since January 2021, exchange traded funds have attracted over $2 trillion in inflows in the US, with more than $575 billion of that total coming in just last year. Also, Between 2019 and 2023, nearly 2,000 ETFs were launched in the US.
2. According to S&P Indices Versus Active Funds (SPIVA) report, in the large cap category, 86.58% of active managers underperformed S&P 500 over 5 year period. Underperformance rates were high over 10 & 15 year periods, at 85.61% & 92.19% respectively. Furthermore, there were similar results in the different category as well.

22^nd April 2024

Unemployment Rate Remains High in 2023-24

Source: CMIE as of 5^th April, 2024

1. In Fiscal Year 2023-24, India’s unemployment rate for individuals aged 15 and older climbed to 8%. However, for the quarter ended March 2024, the rate declined to 7.5%, showing some positive signs.
2. Over the past 8 years, the unemployment rate surpassed 8% for the second time in 2023-24.
3. The IT Sector witnessed biggest decline in hiring activity across all the industries as automation and artificial intelligence made many roles redundant.

29^th April 2024

Smaller Towns Surpass Top 30 Cities in Direct Plan Folios

Source: AMFI as of 31^st  March, 2024

1. As of the end of March 2024, in the direct plan category, the number of retail “B-30” folios reached 28.1 million, surpassing the 26 million “T-30” accounts held by individual investors.
2. Furthermore, in FY 2024, retail B-30 folios surged by 52%, outpacing the 39% growth in T-30 folios.
3. Smartphones adoption, internet accessibility, online fund information, and awareness campaigns by AMFI & fund houses are attracting investors from metros and smaller towns.”

The above views alone are not sufficient and should not be used for implementation of an investment strategy. All opinions, figures are subject to change without notice. The above is for illustration purposes only and should not be construed as an investment advice to any party. Past performances may or may not be sustained in the future

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.