1.
Weekly
News
30th January 2023
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2.
Snapshot
Equity mutual fund to
shift to T+2 settlement
cycle from Feb 1
NFOs Launched This
Week
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Weekly Market News
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Adani issues 413-page response, calls
Hindenburg allegations attack on India
Other News

3.
Weekly Market News
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SEBI Registered Investment Adviser (INA200006628)
Index % Change
(Last week)
% Change
(yearly)
Nifty 50
-2.72% 3.07%
Nifty Midcap 150 - 2.89% 1.68%
Nifty Small Cap
250 -2.95% -6.83%
Nifty IT -0.56% -11.63%
Nifty Bank -5.80% 7.03%
Nasdaq 100 4.42% -18.51%
S&P 500 2.32% -9.85%
Dow Jones 1.61% -3.28%
Nifty Pharma -0.60% -4.67%

4.
Adani issues 413-page response, calls Hindenburg
allegations attack on India
 Gautam Adani's group on Sunday likened the damning allegations
made by short seller Hindenburg Research to a "calculated attack" on
India, its institutions and growth story, saying the allegations are
"nothing but a lie“
 In a 413-page response, Adani Group said the report was driven by
"an ulterior motive" to "create a false market" to allow the US firm
to make financial gains.
 "This is rife with conflict of interest and intended only to create
a false market in securities to enable Hindenburg, an admitted short
seller, to book massive financial gain through wrongful means at the
cost of countless investors," it said.
 It went on to question the credibility and ethics of Hindenburg and
said the mala fide intention underlying the report were apparent
given its timing when Adani Enterprises Limited is undertaking one
of the largest ever further public offering of equity shares in
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SEBI Registered Investment Adviser (INA200006628)

5.
 What Is Hindenburg Research?
. Hindenburg released its report just days before the billionaire’s
flagship firm Adani Enterprises Ltd NSE -18.52 %. launched India’s
biggest ever primary follow-on public offering that’s seeking to raise
200 billion rupees ($2.5 billion). It was meant to fund capital
expenditures and to pay down the debt of its various units.
Hindenburg alleged that its two-year investigation found the Adani
Group “engaged in a brazen stock manipulation and accounting fraud
scheme over the course of decades” and called out the conglomerate’s
“substantial debt.”
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SEBI Registered Investment Adviser (INA200006628)

6.
Equity mutual fund to shift to T+2 settlement cycle from Feb
1
 All AMCs will move to the T+2 redemption payment cycle for equity
schemes, and implement this uniformly with effect from February 1,
2023, after allowing a couple of days for the settlement cycle to
stabilize.
 At present, funds are transferred to the investor's bank account
within 3 days after the completion of the redemption process.
 From January 27, all securities -- equity shares, including SME
shares, exchange-traded funds (ETFs), Real Estate Investment Trusts
(REITs), Infrastructure Investment Trusts (InvITs), Sovereign Gold
Bond (SGB), Government Bonds and Corporate Bonds trading in the equity
segment will now be settled only on T+1 basis.
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SEBI Registered Investment Adviser (INA200006628)

7.
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SEBI Registered Investment Adviser (INA200006628)
NFOs Launched This Week
 Edelweiss Asset Management Limited has launched Edelweiss CRISIL
IBX 50:50 Gilt Plus SDL Short Duration Index Fund, India’s first
passive short-duration index fund. The new fund offer has opened
for subscription from January 27 to February10.
This fund will invest in a diversified portfolio of
Indian Government Bonds and SDLs,
subject to tracking errors.
 ITI Mutual Fund has launched the ITI Flexi Cap Fund. The NFO is
currently open, and it will close for subscription on February
10. The fund will be jointly managed by Dhimant Shah and Rohan
Korde. ITI Flexi Cap Fund will be benchmarked against Nifty 500
Total Return Index. The fund will invest predominantly in equity
and equity related instruments across market capitalisation-
large cap, mid cap and small cap companies.

8.
 Manish Gunwani appointed as Head-equities at IDFC Mutual Fund. In this role,
Gunwani will have overall responsibility for equity fund management for the fund
house.
 Vinay Paharia joins PGIM India Mutual Fund as its new CIO
 Indian industrialist and billionaire Gautam Adani's net worth continued to decline,
putting him in the seventh spot in the Forbes Real Time Billionaires' list, slipping
from the third position
Other News

9.
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