Charts of the Month for March 2024

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4^th March 2024

4^th March 2024

Consumption pattern in Rural & Urban India

Consumption pattern in Rural & Urban India

Source: NSSO, as of 24^th February, 2024

1. In 2022-23, rural India’s expenditure on non-food items surpassed spending on food items for the first time, also crossing the 50% mark for the first time. In urban India, spending on non-food items accounted for 60.8%.
2. Cereal consumption in rural India dropped from 10.8% to 4.9%, and in urban areas from 6.7% to 3.6% between 2011-12 and now.
3. Furthermore, the rural-urban gap in average monthly consumption expenditure has narrowed to 71.2%, with rural households at ₹3773 and urban households at ₹6459.

11^th March 2024

India’s GDP growth soars to 8.4% in October-December quarter

Source: QuantEco Research , as of 01^st March, 2024

1. India’s economy grew 8.4% during the October-December quarter (FY24), its fastest pace in one-and-half years.
2. However, gross value added (GVA), which is a measure of the total value of goods and services produced in the economy and excludes indirect taxes and subsidies, grew 6.5%.
3. The wide divergence between the GVA and GDP in the October-December quarter was mainly due to a sharp fall in subsidies in that quarter largely because of lower payouts on fertilizer subsidies like Urea.

18^th March 2024

Trajectory of Net Inflows of Equity Oriented Funds

Source: AMFI, as of 29^th February, 2024

1. In February 2024, net equity mutual fund inflows surged to INR 268.66 billion, marking the highest level since March 2022.
2. The small-cap funds received highest net inflows of INR 29.22 billion in February 2024 but experienced a second consecutive month of declining net inflows, down approximately 24% since December 2023.
3. Furthermore, net Inflows of Mid-cap funds have also declined by around 12% from January 2024 while the large-cap funds have maintained positive net inflows for two consecutive months.

26^th March 2024

Stock Concentration similar to Great Depression levels

Source: Goldman Sachs, as of 14^th March, 2024

1. The market cap of the largest stock in US is now 750 times the market cap of a 75^th percentile stock.
2. This figure mirrors levels witnessed during the Great Depression, and surpasses even the peak of the 2000 dot-com bubble, which saw market capitalizations at 550 times the 75^th percentile stock.
3. The top 10% of the stocks in US now represent approximately 75% of the entire market. Furthermore, majority of the top stocks belong to the technology sector.

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.