HEAD

ICICI Prudential Mutual Fund

START
Date: April 30th, 2024

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

• Indian equities closed higher on Monday, driven by strong buying in banking and financial stocks
following upbeat quarterly results.

Domestic Equity Benchmark Indices (Returns %)

Index 29 Apr 1 Day 1 Week 1 Month 1 Year

Sensex 74671 1.28 1.39 1.38 22.19

Nifty 50 22643 1.00 1.37 1.42 25.34

Nifty Equity Benchmark Indices (Returns %)

Index 29 Apr 1 Day 1 Week 1 Month 1 Year

Mid Cap 50834 0.42 3.54 5.74 59.88

Small Cap 17018 0.22 3.24 11.44 75.94

Auto 22079 -0.15 1.22 3.08 67.40

Bank 49424 2.54 3.13 4.88 14.32

Energy 40352 0.96 1.98 3.41 70.01

FMCG 54332 0.06 1.56 0.71 13.63

Infra 8587 0.70 1.94 3.02 60.33

IT 33579 -0.26 0.12 -3.78 21.19

Metal 9269 0.50 3.78 12.25 59.82

Pharma 19097 0.54 2.43 0.53 51.40

Realty 959 -1.00 2.81 6.52 115.54

Nifty P/E
Latest P/E* FY25E FY26E
22.20 20.93X 18.70X
*Data as of 29 Apr

FII / Mutual Fund Data

(Rs Cr) 26 Apr MTD YTD
FIIs -2372.84 -8676.80 109.21

Mutual Funds 4548.11 29613.18 111802.92

-MF Data as of 26 Apr

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 INDIAN DEBT MARKET SUMMARY
• The average interbank call money rate ended marginally higher at 6.69% on Monday compared to
6.68% on Friday.
• Government bond prices ended lower on Monday due to lack of fresh cues, while the investors wait for
the US Fed Reserve monetary policy.
• The yield of the 10-year benchmark 7.18% 2033 paper ended marginally higher at 7.20% on Monday
compared to 7.19% on Friday.

Debt Watch
Index 29 Apr Week Ago Month Ago Year Ago
Call Rate 6.69% 6.61% 7.63% 6.78%
Repo 6.50% 6.50% 6.50% 6.50%
10 Yr Gilt^ 7.20% 7.19% 7.05% 7.15%
30 Yr Gilt^ 7.42% 7.41% 7.25% 7.40%
91-D T Bill^ 6.98% 6.88% 6.93% 6.81%
182-D T Bill^ 7.03% 7.01% 7.04% 6.96%
364-D T Bill^ 7.06% 7.03% 7.07% 6.98%
1-mth CP rate 7.25% 7.15% 7.85% 7.25%
3-mth CP rate 7.60% 7.50% 8.15% 7.26%
6-mth CP rate 7.80% 7.84% 8.10% 7.55%
1 yr CP rate 7.95% 8.00% 8.10% 7.78%
1-mth CD rate 7.08% 6.87% 7.40% 7.05%
3-mth CD rate 7.20% 7.04% 7.55% 7.10%
6-mth CD rate 7.47% 7.45% 7.62% 7.25%
1 yr CD rate 7.53% 7.48% 7.62% 7.45%

Yields (%) Gsec* AAA AA+ AA AA- A+

6 month 7.03 7.52 8.25 8.32 9.62 9.96
1 Year 7.04 7.62 8.35 8.42 9.72 10.06
3 Year 7.19 7.78 8.51 8.58 9.88 10.22
5 Year 7.20 7.62 8.47 8.53 9.83 10.18
10 Year 7.20 7.61 8.46 8.52 9.82 10.17

^Weighted Average Yield. G-sec and corporate bonds data as of 29 Apr *Weighted average yields for G-sec data 6
month G-sec: 182 day T-Bill rate; 1 year G-Sec: 05.22% GS 2025; 3 year G-Sec: 7.38% GS 2027; 5 year G-Sec: 07.37
GS 2028; 10 year G-Sec: 07.26 GS 2033

Auctions/ Money Market Operations

Date Description Amount (Rs Cr)
May 03 G-sec auction 28,000 (Notified)
Apr 28 Total repo 7,100 (outstanding)
Apr 28 Total Reverse Repo 71,039 (outstanding)
Apr 28 Marginal Standing Facility 3,178
Apr 28 GOI Surplus Cash Balance with RBI 0

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

• NCAER's April 2024 Monthly Economic Review (MER) emphasizes the Indian economy's robust
performance, citing a 16-year high in the PMI for manufacturing and record UPI transactions.
• Finance minister Nirmala Sitharaman said India recorded about 131 bn Unified Payments Interface (UPI)
transactions with a total value of Rs 200 lakh cr in FY24.
• RBI directed regulated entities to review their lending practices in line with fair practice code.
• RBI proposed a revised regulatory framework for Electronic Trading Platforms (ETPs).
• RBI introduced two new surveys, the 'Inflation Expectations Survey of Households' and the 'Consumer
Confidence Survey,' aimed at providing crucial insights for the upcoming bi-monthly monetary policy.
• RBI announced an 8% interest rate on Floating Rate Bond 2034.

Economic Indicators
YoY (%) Current Quarter Ago Year Ago

4.85% 5.69% 5.66%

Monthly Inflation (CPI) (Mar-24) (Dec-23) (Mar-23)

5.7% 2.4% 5.56%

IIP (Feb-24) (Nov-23) (Feb-23)

8.4% 8.1% 4.4%

GDP (Oct-Dec FY24) (July-Sep FY24) (Oct-Dec FY23)

0.53% 0.2% 1.42%

Monthly Inflation (WPI) (Mar-24) (Feb-24) (Mar-23)

Key Announcements in the Month Release Date

US CB Consumer Confidence, April April 30

Eurozone Inflation Rate, April April 30

India Infrastructure Output, March April 30

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

• US Dallas Fed Manufacturing Index stood at -14.5 in April, aligning closely with March's -14.4.
• Eurozone consumer inflation expectations fell to 11.6 in April, the lowest this year, following the 12.3
recorded in the earlier month
• Japan Retail sales rose 1.2% in March compared to upward revision of 4.7% gain in February.

Currencies Vs INR
29 Apr 26 Apr Change

USD 83.47 83.35 -0.12

GBP 104.60 104.32 -0.28

Euro 89.44 89.49 0.05

100 Yen 53.60 53.21 -0.39

29 Apr Week Ago Month Ago Year Ago

US 10-yr yield (%) 4.61 4.61 4.21 3.45

UK 10-yr yield (%) 4.32 4.23 3.98 3.72

German 10-yr (%) 2.53 2.49 2.29 2.32

Japan 10-yr (%) NA 0.87 0.71 0.40

London Brent Crude Oil 88.40 87.00 87.48 79.54

($/bbl)
Gold (Rs/10 gms) 72373 72875 67252 60168

29 Apr 1 Day 1 Month 1 Year

DJIA 38386 0.38 -3.57 12.58

Nasdaq 15983 0.35 -2.42 30.72

FTSE 8147 0.09 2.44 3.51

Nikkei Closed NA NA NA

Hang Seng 17747 0.54 7.29 -10.80

Strait Times 3282 0.06 1.80 0.35

Source: Domestic Indices - NSE, BSE, FII / MF (Equity) – SEBI, Domestic Derivative Statistics – NSE, Currency Movement - RBI, Reuters,
Domestic Economic Indicators - CRISIL Center for Economic Research, Domestic Fixed Income Numbers - CRISIL Fixed Income Database, RBI
Commodity Prices - Reuters, IBJA, International Indices – Respective websites, Market summaries, global bond yields, domestic and international
news – CRISIL Research, Financial websites Abbreviations: FII (Foreign Institution Investors), CPI (Consumer Price Index), WPI (Wholesale
Price Index), P/E (Price/Earnings ratio), CP (Commercial Papers), CD (Certificate Of Deposits), G-sec (Government Securities), MTD – Month to
Date, YTD – Year to Date

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

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

ICICI Prudential Asset Management Company Limited (the AMC) has used information that is publicly
available, and information developed in-house. Some of the information used in the document may have
been obtained from members/persons other than the AMC and/or its affiliates and which may have
been made available to the AMC and/or to its affiliates.

The AMC however does not warrant the accuracy, reasonableness and/or completeness of any
information and does not take responsibility of updating any data/information. For data reference to
any third party in this material, no such party will assume any liability for the same.

All data/information used in the preparation of this material is dated and may or may not be relevant
any time after the issuance of this material.

The AMC (including its affiliates) and any of its officers, directors, personnel and employees, shall not be
liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special,
exemplary, consequential, as also any loss of profit in any way arising from the use of this material in
any manner.

Nothing contained in this document shall be construed to be an investment advice/recommendation or

an assurance of the benefits of investing in the any of the Schemes of ICICI Prudential Mutual Fund.

Recipient alone shall be fully responsible for any investment decision taken on the basis of this
document.

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