Utkarsh Sharma

📈 𝐑𝐁𝐈 𝐌𝐏𝐂 𝐌𝐞𝐞𝐭𝐢𝐧𝐠 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 📉 🚀 𝐑𝐞𝐩𝐨 𝐑𝐚𝐭𝐞: Kept unchanged at 6.50% 🔒 𝐌𝐒𝐅: 6.75% | 𝐒𝐃𝐅: 6.25% 🗳️ 𝐕𝐨𝐭𝐞: 4-2 majority 💡 𝐒𝐭𝐚𝐧𝐜𝐞: 'Withdrawal of accommodation' retained. 📉 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧: Targeting CPI at 4% 🔮 FY25 CPI: 4.5% (up from 4.5%). 📊 𝐆𝐃𝐏 𝐆𝐫𝐨𝐰𝐭𝐡: Stable at 7.2%. 🌍 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: Volatile, but India’s financial sector is resilient. 🔗 Stay tuned for more such updates & contents and let’s discuss the impact on comment section! 💬 #linkedin #linkedinpost #finance #rbi #monetarypolicy #finance #cfa #researchanalyst #nism #financialmarkets #india #linkedinconnections

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Is Equity research or investment banking in a KPO is worth ? Well the answer is mixed with few critical points - 1. Worklife balance is better or less worst in KPOs , compared to big investment banks . 2. Quality of work remains a long lasting challenge , as mostly it relates to data input , validation and some part relates to presentation as well. 3. Not all , but most of the KPOs generally cater to a small proportion of the overall client portfolio. 4. Client acquisition, maintenance and retention, remains a heavy challenge in KPOs, with number of clients being limited. 5. In my personal opinion, starting Equity or IB career from KPOs should be avoided as much as possible because either you would learn everything or nothing , and chances are equal. 6. Obviously KPOs provide a global exposure but that too upto a limited level. 7. Proving your excellence or getting the work as per your calibre remains a tuff task in KPOs and no way IB section of KPOs is compatible to IB section of investment banks. Opinions are purely personal. You may disagree and I respect them . #equityresearch #research #KPOs #linkedinforcreators

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#Bsoft Since last 4 months we have seen Good profit booking from 850++ levels to 570 levels we have noticed in monthly chart it have moved more than 300% in 9 months and now some correction seen Last breakout seen at 580-600 levels and stock is hovering at same levels 570-580 start accumulating at this level strict SL need to follow is 540++ for time being stock will consolidate at this levels from 550-600-620 for long term it have Good potential to give a good returns too do add in watch list disclaimer : above shared views is just for educational purpose before taking any trade consult your financial advisor its not a call nor recommendations

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Tell me you are a financial modeler without telling me you are a financial modeler Financial modelling is a skillset which is used in profiles like IB, PE, Equity Research and many other domains. Honing this skill has its advantages 1) You repay higher cost debt first If cashflows are in a surplus position (typically > 5% to 10% of the annual operating expenses) after repaying the mandatory debt repayments for the year and meeting any contingencies. It is prudent to use this excess cash to repay the higher cost debt (usually unsecured loans) first compared to other low cost debt instruments to reduce interest payment burden. 2) You prioritize cheaper source of funds If the cashflows are falling short for any expansion/capex plans then it makes sense to raise funds through cheaper source first like a secured loan or raising equity through a stake dilution (depending on the willingness of the management for dilution). The higher cost debt like an unsecured loan could be given the last preference A careful eye has to be kept on the covenants set by the lenders like maintaining a specific D/E, Net Debt/EBITDA, DSCR, Interest Cover etc. for both of the above points. 3) The assumption sheet is your canvas The assumption sheet is the playground to display your thought process. Your research skills equip you to write some really interesting assumptions and practical forecasts. Reading the ARs, investor presentations, recent call transcripts and broker notes provide invaluable insights on the forward direction of the company. Use it to your advantage! 4) You create scenarios A financial model is always under a threat of changing macro as well micro dynamics. Introducing scenarios to your model gives you a flexibility to incorporate various cases through a linked and dynamic approach. Excel macros help you do that. Lastly avoid making any assumptions that are difficult to justify or lack a proper practical backup. 5) Your Balance Sheet tallies Learn practical investment banking. The next cohort of my live investment banking program at Wizenius starts from May 5th. Drop in your details and get a call from me (Link in the comment section)

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Recently CFA L1 results were announced but 56% people were not able to clear it. For those who couldn't clear this post is for you. You must be confused on what to do next. Try follow the suggestions mentioned:- [1] Confront Yourself First of all ask yourself that whether you honestly prepared hard for the exam or not? If yes then you should definitely give a second chance to yourself. If no then ask do you really want to do CFA or not? If yes then go for it again with 100% commitment and if no then leave it here. [2] Analyse your Mistakes We all know our weak and strong areas. Make a list this time where you made mistakes or were under confident in attempting the questions. This time focus more on those areas but don't neglect the strong ones. Study each and every topic with more focus on weak or hard ones. [3] Practice Practice Practice One of the many big reasons why some students didn't clear CFA exam is because of lack of practice. This time get done with as many questions as you can and don't leave a single question unturned. [4] Don't neglect Mock exams What students is do is they give the mocks and then leave it as it is. This is not for what mocks are created. CFA portal gives you complete analysis of your mock exams and it is very important to analyse them fully. Check for your mistakes and weak sections. Ready to elevate your CFA | FRM | SCR | ESG | CAIA journey? Fintelligents and me are just a tap away 💡 I help people build a career in Finance. Book a Call now. 📞 (https://lnkd.in/dhX5KC2H) #cfa #cfalevel1 #cfainstitute

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Lets today share one more real life example of Financial Analysis (For which not to my strange did not receive any answer of my mail to respective company) Lets name that company XYZ ltd Note: Numbers are not actual so don’t try to search the company Company in FY24 did capex of around 450cr for a specific segment in chemical Industry. All the growth capex was being financed by borrowings but out of that 200cr was short term borrowing and 250cr was from Long term borrowing So first obvious question why company borrowing for Short term and investing for long term. Rate of Borrowing for long term was 14.9% for borrowing did in FY24 Just was seeing the rate of long term fresh borrowing every year (Borrowing were floating rate borrowing) FY24 14.9% FY23 12.5% FY22 10.3% And RBI have raised Repo rate from 4% in May 2022 to 6.5% in Feb 2023 so 2.5% increase was understandable but company’s borrowing rate rose by 4.6% so clearly bankers were perceiving more risk. Now plant is set to start commercial production in FY26 but short term borrowing to repaid within 12 months and company current Cash flow for operations was negative So clear though process Once plant start it won’t be a worry.. But the capacity rise which company said will added due to capex was 20% And the peer with same amount of capex was adding 2x the capacity of XYZ ltd. (Note same product) Well i became more skeptical Well interesting part was in the speciality chemical Industry (If KMP salary is removed Remaining Per employee salary comes around 3.7 lac while for peers it was 6.9 lac) Well i become (more*2 ) skeptical Although the products which company said will produce i liked but due to lack of clarity on above doubts no further deep dive was done. Together we learn🙏 Common sense goes a long way And financial analysis is actually just common sense. #Sharemarket #Equityresearch #CFA #CA #Finance

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Investment Bankers are Raking in the Profits from India's IPO Boom! First, let's understand the IB's role in an IPO 👇🏻 1️⃣ Setting valuations and pricing 2️⃣ Marketing and underwriting securities 3️⃣Acting as the face of the company during the IPO process IBs earn IPO fees for their services, and with India's robust IPO market, they're making a killing! 📍IPO fees in India over the years: 2021- ₹2.7k Cr 2022: ₹1k Cr 2023: ₹1.3k Cr 2024 (till August): ₹1.2k Cr Typical IPO fees range from 2-3%, but can go as high as 8% (like in the Saraswati Saree IPO). For IPOs below ₹500 Cr, fees are usually 4-5%. 📍Top fee generators of 2024: Ola Electric - ₹145 Cr FirstCry.com (BrainBees Solutions Ltd.) - ₹96 Cr With big issues like Bajaj Housing Finance Limited in the pipeline, is 2024 shaping up to be a golden year for IBs in India? Yesterday, we discussed how Indian IPOs are leading global issuances. Today, we're highlighting the biggest beneficiaries of this trend – the Investment Bankers! ✅ JPMorganChase | Goldman Sachs | Morgan Stanley #ib #pe #exits #ipo #brlm

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Will talk to 5 individuals on call. Topic: Career in Equity Research What it’s not: -For job -For Technical Analysis -Any stock or sector specific talk or recommendations Message me directly don’t write in comments Before messaging read about UPVC door/Window link in comments #CA #CFA #Equityresearch #Sharemarket #Students

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Comprehensive Financial Analysis: DCF and Comparable Company Models for HDFC Bank... This Model Contains: 01. Historical fs 02. Ratio analysis 03. Forecasting 04. Common size statement 05. Comparable comps This is a HDFC Bank financial model featuring comparable company valuation methods. Your feedback is highly appreciated for any errors or areas of improvement.

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Breaking down the cost of CFA – All 3 levels - 2025 Version [1] One Time Enrolment Fees ($350) = INR 29,500 [2] Early Registration Fee L1 ($990) = INR 83,200 [3] Early Registration Fee L2 ($990) = INR 83,200 [4] Early Registration Fee L3 ($990) = INR 83,200 [5] +18% GST on (1+2+3+4) = INR 50,200 [6] Coaching Fees = 30,000 (L1) + 30,000 (L2) + 30,000 (L3) = INR 90,000 (Taking an average rate) [7] Texas BA II Plus Financial Calculator = INR 3,500 (You can only use CFA Institute specified calculators in the exam) [8] Schweser Books = Around INR 5,000 for all the three levels [9] Passport = INR 1,500 (It is mandatory to have a valid Passport before appearing for the CFA exam) TOTAL = INR 4,30,000 (approx) (Four lakhs thirty thousand) Some other points:- • You will have to pay the registration fee again if re-appearing. • 3-4% forex conversion fee will apply if you are paying the fees through credit card, depending on your bank. • For Standard Registration you will have to pay $300 (INR 25,200) more. P.S. Actual cost may differ from student to student. Ready to elevate your CFA | FRM | SCR | ESG | CAIA journey? Fintelligents and me are just a tap away 💡 I help people build a career in Finance. Book a Call now. 📞 (https://lnkd.in/dhX5KC2H) #cfa #cfalevel1 #finance

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#Article10 Write a topic explaining, what are money markets and what are fixed income securities. Explain any two with examples. How they are different from equity markets? ◾Money Market: is a segment of the financial market where short-term debt securities with maturities maximum upto 1 year typically traded in large quantities. It provides a platform for borrowers to access short-term funds and for investors to invest in low-risk, short-term instruments. 1: Commercial Papers- Unsecured debt issued by company to raise short term funds,and maturity ranging from few days to upto 1 year. 2. Treasury Bills(T-Bills)- Short term government securities with maturities ranging from few weeks to 1 year and this are sold to raise the funds for government. ◾Fixed Income Securities: These are investment that provide regular and predictable income stream in the the form of interest payment.. typically with fixed rate of return. 1. Government Bonds- These bonds are issued by the government to raise funds with fixed interest rates and maturity dates. 2. Corporate Bonds- These bonds are issued by the company with fixed interest rates and maturity dates. 3. Municipal Bonds- These Bonds are issued by the government, cities or states to finance infrastructure projects with tax free interest income. #Investing #Stocks #Liquidity #Bonds #Equity #Money #Trading #Economy #FinancialPlanning #Investment #InvestmentBanking

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Nuvama on V2 Retail Target Price: 1,800 P/E FY25E: 60-70 P/E FY26E: 35-40 ~ Revenue/sq. ft. 🔼30% YoY to ₹10,848 (36% SSSG) ~ Average selling price🔼15% - ₹269 Cr ~ Total area🔼53% - 14.8lk sq. ft. Future Outlook ~ Aims to open 40 new stores in H2 FY25 ~ Revenue CAGR over FY24-26: 50% ~ Targeting Revenue/sq. ft of ₹15,000 in the long term ~ Margins to expand to 7-8% over FY25-26(5.9% in FY24) ~ PAT CAGR over FY24-26: 110% ~ Aspires to operate at a 10% margin over the next 3 years ~ Plans to maintain ROE of 20%+ ~ Q3 will be the strongest where we will see strong growth in QoQ basis and YoY Growth Drivers ~ Aggressive Store Expansion ~ Higher Revenue/sq. ft can to higher Rev. and EBITDA

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What is this Information Ratio that MF need to disclose: Recently SEBI proposed that: ↳ Mutual funds should disclose risk adjusted returns ↳ These should be done through the information ratio But what is the Information Ratio (IR)? ↳ It shows the risk adjusted returns compared to a benchmark How is this Information Ratio calculated? ✅ IR = (Portfolio Return - Benchmark Return) / Tracking Error i.e. Standard Deviation Are you still confused? Here's an example: ↳ Fund A has an annualised return of 13% and a tracking error of 8% ↳ Fund B has an annualised return of 8% and a tracking error of 4.5% ↳ The index has an annualised return of -1.5% 1️⃣ IR for Fund A = 1.81 or (13 - (-1.5) / 8) 2️⃣ IR for Fund B = 2.11 or (8 - (-1.5) / 4.5) What does this mean? ✅ While fund B had lower returns than fund A, the IR for fund B was better: ↳ As it had a lower standard deviation or tracking error This means less risk and more consistency of fund B's performance relative to the benchmark. While this is a good measure and will aid investors, I wonder how many will look past just past performance! P.S. - Do you think this will add value? Don't miss the comments - 1,545 learners got their Retirement resource. Get your's too - link in comments ====== Follow me (Ritesh Sabharwal CFP®) as I Simplify Personal Finance and Investing

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1. 𝑩𝒂𝒔𝒊𝒔 𝑺𝒘𝒂𝒑𝒔 A basis swap is a type of interest rate swap in which two parties exchange floating interest rates based on different benchmarks. E̳x̳a̳m̳p̳l̳e̳:̳ Imagine Company A has debt tied to the 3-month LIBOR, but it receives payments tied to the 6-month LIBOR. Company A enters into a basis swap with Company B to manage the mismatch. In this swap: Company A pays the 3-month LIBOR rate plus a spread. Company B pays the 6-month LIBOR rate. This allows Company A to match its inflows with its outflows, thereby reducing the basis risk, which is the risk that the two interest rates will not move perfectly in sync. 2. 𝑪𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝑺𝒘𝒂𝒑𝒔 A currency swap is a financial contract where two parties exchange principal and interest payments in different currencies. This swap is used to manage exposure to exchange rate fluctuations and to take advantage of lower interest rates in foreign markets. E̳x̳a̳m̳p̳l̳e̳:̳ Company X in the U.S. needs to borrow €100 million, while Company Y in Europe needs to borrow $120 million. Both companies could borrow in their domestic currencies at favorable rates, then enter into a currency swap: Company X borrows $120 million in the U.S. and swaps it with Company Y for €100 million. Throughout the life of the swap, Company X will pay interest in euros, and Company Y will pay interest in dollars. At the end of the term, they will exchange the principal amounts back at the pre-agreed exchange rate. This allows both companies to access foreign capital markets at more favorable rates. 3. 𝑪𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝑺𝒘𝒂𝒑𝒔 𝒗𝒔. 𝑭𝑿 𝑺𝒘𝒂𝒑𝒔 While both involve the exchange of currencies, a currency swap typically involves exchanging principal and interest payments over a long period, while an FX swap involves two transactions: A spot exchange of one currency for another. A forward contract to reverse the transaction at a later date. E̳x̳a̳m̳p̳l̳e̳ ̳o̳f̳ ̳a̳ ̳C̳u̳r̳r̳e̳n̳c̳y̳ ̳S̳w̳a̳p̳:̳ Suppose Company A in the U.S. and Company B in Europe have ongoing operations in each other’s countries and want to hedge against currency risk. They agree to a 5-year currency swap where: Company A pays EUR-denominated interest on EUR 50 million. Company B pays USD-denominated interest on USD 60 million. E̳x̳a̳m̳p̳l̳e̳ ̳o̳f̳ ̳a̳n̳ ̳F̳X̳ ̳S̳w̳a̳p̳:̳ A U.S. investor needs euros for a short-term investment in Europe. The investor does a spot transaction to buy EUR 1 million with USD and simultaneously agrees to sell EUR 1 million in one month at a forward rate to get back the original USD. #stockmarkets #JPMorgan #MorganStanley #CreditSuisse #GoldmanSachs #axa #anz #wns #bnymellon #citco #citibank #deutschebank #fis #jpmorganchase #imarticuslearning #northerntrust #statestreet #wellsfargo #operations #mumbai #delhi #chennai #bengaluru #pune #investment #help #career #job #opportunites #InvestmentBanking #interviews #InvestmentBanking #swaps

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Big Breaking News for F&O Players! A panel appointed by SEBI has recommended increasing the minimum size of derivative contracts from Rs. 5 lakh to Rs. 20-30 lakh. If this recommendation is implemented, it could have significant implications: 1.Possible Changes in NSE & BSE: -NSE Adjustments:The National Stock Exchange (NSE) may remove Midcap and FinNifty options from the weekly expiry schedule. This means these options would no longer expire weekly. -BSE Focus:The Bombay Stock Exchange (BSE) might concentrate solely on Sensex, potentially eliminating other indices from its focus. -End of Daily Expiry:There could be an end to daily expiries of options, impacting traders who rely on daily trading strategies. 2.Impact on Trading Volumes: - Decreased Volumes:Trading volumes could dry up quickly due to the larger contract sizes. This means fewer trades might be executed. -Higher Costs for Active Traders: Active traders might face higher impact costs, making it more expensive to execute large orders. 3.Effects on Lower Capital Traders: -Exclusion of Smaller Traders: Traders with lower capital may be forced out of option selling as they might not be able to afford the larger contract sizes. 4.Stock Broking Firms: -Potential Share Price Decline:The share prices of stock broking firms could decrease because this change directly affects their revenue. Fewer trades mean less commission and fees earned by these firms. 5.There is a higher chance of increase in dubba trading like happened in indira gandhi tenure when she increased the taxes to the ceiling of 87% in some sectors... and if now modi government increase the trading tax then there is also a chance of fueling dabba trading.... Potential Benefits: -Increased Liquidity: There could be increased liquidity for stock option traders and in the cash equity market. This means more buyers and sellers, making it easier to enter and exit positions. -Market Stability: The market might gain more insights and stability as larger contract sizes could reduce speculative trading and enhance market depth. Stay tuned for more updates on this significant development! #lawgman #euitymarket #marketstability #bjp #Congress #tax #nse #bse #financeministry #sensex #nifty #f&o #intrday #trading #tradingnews #marketdepth #Philosophy #psychology #economicfrme

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Nifty witnessed a close below 10 & 20 EMA at the very same time a BREAKDOWN from an upward sloping trendline valid from October 2023 ie *HIGHLY bearish till it's below 22300-22350* Data wise:- Among the constituents of Nifty index, only 3 stocks have witnessed long build-up and 10 of the stock have witnessed short covering rally. While, 22 stocks have witnessed short build-up and 15 stocks have witnessed long unwinding. *The volatility index, India VIX has surged by over 1 per cent is now above 20-day EMA level for the two days in a row after February 29, 2023. For current weekly series, OI PCR is at 0.64 The Advance Decline ratio was largely tilted in favour of decliners. All in all, till index below 22300-22350 zone, aggressive long should be kept well in check Only sector which are in trend ie chemical, oil and gas, metals and mining should be the preferred sectors for long looking at relative strength. #NIFTY

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The SIP stoppage ratio reached a new high of 88.38% in May This ratio shows how many SIPs were closed for every new account that was created. Other experts have shared their opinions on why this has happened. We are not going to discuss that. But, rather, we will look at the wrong and valid reasons to stop SIP. 𝐖𝐫𝐨𝐧𝐠 𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐒𝐭𝐨𝐩 𝐒𝐈𝐏 ❌Trying to time the market ❌Your friend told you to stop SIP ❌To book profits 𝐕𝐚𝐥𝐢𝐝 𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐒𝐭𝐨𝐩 𝐒𝐈𝐏 ✅You have accumulated the required amount for your goal as per your plan. ✅You have lost your job or you don't have the resources to continue with the SIP. You can restart again later. ✅You have accumulated high-interest debt such as personal loans and credit cards and want to focus solely on closing these accounts. Have you ever stopped your SIP? What was the reason behind it? 

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INDIA'S WTC FINAL SCENARIO: Win BGT 4-1 or 3-1 - India qualifies Win BGT 3-2 - India qualifies if SL beat Aus in one of two Tests If BGT 2-2 - India qualifies if SL beat Aus 2-0 If India loses BGT 2-3 - India qualifies if Pak beat SA 2-0 & Aus beat SL in one of two Tests What are your predictions for WTC Finals? Can India still make it? Let's have a discussion in comments #BGT #WTC #WORLDTESTCHAMPIONSHIP #INDIA #TESTCRICKET

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