FACTSHEET 13-Feb-2025
Name of the WealthBasket: Banking & Financial Services
Research report first published: 25-Aug-2023
Suggested investment Amount: 50,000
Recommended rebalancing frequency: Once every 30 days
Section 1
Details of the theme
India's financial sector has great potential as we aim to become a $5 trillion economy. The BFSI sector is a clear winner,
benefiting from increased penetration. Aadhar & UPI has connected a large number of citizens to the banking network
for the first time. They will go on to buy their first insurance, procure their first credit card, fulfill the dreams of their first
home, cars, and higher education with loans & invest the rest in mutual funds and fixed deposits etc. With more money
in the banking system, there's also an increased demand for loans from borrowers. This basket aims to capitalize on the
theme with exposure to Banks, Insurances, AMCs, NBFCs, brokerages & other financial service companies
Section 2
Wealth Basket Constituents
Company Sector for equity baskets Weight(%)
HDFCAMC Investment Services 10.00
MUTHOOTFIN Financial Services 10.00
APTUS Banking 10.00
UTIAMC Investment Services 10.00
CAMS Software 10.00
ICICIGI Insurance 10.00
HUDCO Banking 10.00
NAM.INDIA Investment Services 10.00
CUB Banking 10.00
CHOLAHLDNG Financial Services 10.00
TOTAL 100
* As on 13-February-2025
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FACTSHEET 13-Feb-2025
Section 3 Section 4
Securities added to Banking & Financial Services Securities removed from Banking & Financial Services
from last report on 2025-01-10 from last report on 2025-01-10
SI. Company Weight on date of addition(%) SI. Company Weight on date of removal(%)
1 HDFCAMC 10.00 1 FEDERALBNK 10.00
Section 5
Securities continued from last report on 2025-01-10
SI. Company Previous weightage(%) New weightage (%)
1 MUTHOOTFIN 10.00 10.00
2 APTUS 10.00 10.00
3 UTIAMC 10.00 10.00
4 CAMS 10.00 10.00
5 ICICIGI 10.00 10.00
6 HUDCO 10.00 10.00
7 NAM.INDIA 10.00 10.00
8 CUB 10.00 10.00
9 CHOLAHLDNG 10.00 10.00
Section 6 Section 7
Sector Exposure Of Banking & Financial Services Market Exposure Of Banking & Financial Services
Source: Share.Market Research Source: Share.Market Research
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FACTSHEET 13-Feb-2025
Section 8 Section 9
Factor exposure of Banking & Financial Services Over/Under factor exposure of
Banking & Financial Services vs. NIFTY BANK
Source: Share.Market Research Source: Share.Market Research
* Similar to mid cap company * Possibility of moderate price returns * Higher presence of value stocks * Has lower risk *
Lower proportion of dividend paying companies * Higher presence of quality stocks
Section 10
Investment Arguments
For stocks newly added to the wealth basket * Stock was not part of the universe earlier
* Stock liquidity improved
* Quality exposure has improved
* Momentum exposure has improved
* Stock has moved up in ranking to make it to the wealth basket
For Stocks that moved out of the wealth basket * Stock has moved out of the universe
* Stock's liquidity has declined
* Quality exposure has declined
* Momentum Exposure has declined
* Stock has moved down in ranking to make it out of the
wealthbasket
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FACTSHEET 13-Feb-2025
Section 11
About this research report
Definitions under this research report
Momentum: Measures the speed of price change. Higher the Momentum, higher the star rating.
Size: Measures the size of the company. Higher the Size, higher the star rating.
Value: Fund/Stock is available at a lower price than its real value.
Risk: Measures riskiness of the wealth basket. Lower the Risk, higher the star rating.
Yield: Stock which generates income through dividends.
Annual Returns: Average per annum return over the period of analysis.
Annual Risks: Annualized Variation in daily return over the period of analysis.
Current Market Value: Current Market Value of the Investments.
Factors: Systematic characteristic of a stock/wealth basket that explains risk and returns.
Highest Holding: Name of the stock or sector that has maximum investment allocated to it.
Market Cap: Stocks are classified into different market cap category as per the AMFI definition. Stocks ranking between
1-100 in terms of market cap are considered as Large Cap, between 101-250 as Mid Cap, 251 and above are
considered as Small Cap.
Sector Exposure: Shows the investment in different sectors.
Total Investment: Total Cost of Investment.
Total Returns: Cumulative Gain or Loss on the Wealth Basket over the period of analysis.
Worst Drawdown: Maximum Loss suffered over the entire period of analysis.
Research, Methodology and Continuing Assessment
Universe Selection: All the listed stocks that fall within top 500 by total market cap are included in the Universe.
Research: Share.Market team studies various academic papers and research journals to customise the algorithm
suitable to the Indian market. These algorithms are backtested over 20 years period after adjusting for various data
biases like survivorship, look ahead, corporate action etc.
Stock Selection: Liquidity filters are applied to remove the stocks where enough stocks are not traded in the market.
Finally, wealth basket selection is done through multi factor approach. Each of the factors are custom defined to suit the
Indian Stock Market and thoroughly tested over multiple cycles of peak and trough.
Weighting: Depending upon the strategy, Share.Market applies quantitative method of weighting each stock. Risk is an
important consideration while defining the recommended position size (weight) of each stock.
Rebalancing: WealthBasket rebalancing recommendations may be made as per frequency decided by Research
Analyst
Partial Withdrawal
In case of partial withdrawal, all the stocks in the WealthBasket may be proportionately liquidated.
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FACTSHEET 13-Feb-2025
Section 12
Disclosures and Disclaimers
PhonePe Wealth Broking Private Limited (“PPWB”) is registered with the Securities and Exchange Board of India (“SEBI”)
as a Research Analyst under SEBI (Research Analysts) Regulations, 2014 (“RA regulations”) vide registration
no. INH000013387, under which it offers research services to its clients as well as to prospective clients.
PPWB is also registered as a stockbroker with SEBI with registration number INZ000302639 for providing stock broking
services through BSE & NSE and registered as a depository participant with CDSL with SEBI registration number
IN-DP-696-2022. It also has registration with AMFI as a Mutual Fund Distributor.
This document is solely for the personal information of the recipient and must not be singularly used as the basis of any
investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of
this document should make such investigations as they deem necessary to arrive at an independent evaluation of an
investment in the securities of the companies referred to in this document (including the merits and risks involved) and
should consult their own advisors to determine the merits and risks of such an investment.
PPWB or its associates or research analyst or his relative may have actual/beneficial ownership of 1% or more in the
securities of the subject company at the end of the month immediately preceding the date of publication of the
research report.
Neither PPWB or its associates nor Research Analysts or his relative has any material conflict of interest at the time of
publication of the research report.
PPWB or its associates have not received any compensation from the companies mentioned in the report or any third
party during the period preceding twelve months from the date of this report for services in respect of managing or
co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other
advisory service in a merger or specific transaction in the normal course of business.
Neither PPWB nor its research analyst entity has been engaged in market making activity for the companies mentioned
in the report.
PPWB or its associates or Research Analyst or his relative might have a financial interest in the subject company. The
research analyst has not served as an officer, director, or employee of the subject company.
Investments in securities market are subject to market risk, read all the related documents carefully before investing. Past
performance does not guarantee future returns and performances of the WealthBaskets are subject to market risk.
The information in this document has been printed based on publicly available information, internal data, and other
reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied
on as such, as this document is for general guidance only.
PPWB or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise
to any person from any inadvertent error in the information contained in this report.
This document is for your information purpose only and should not be reproduced/redistributed, directly or indirectly.
No material disciplinary action has been taken on PPWB or any of its affiliates/ group companies by any regulatory
authority impacting Research Analysis.
Investments in securities market are subject to market risk, read all the related documents carefully before investing.
Past performance does not guarantee future returns and performances of the WealthBaskets are subject to market risk.
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FACTSHEET 13-Feb-2025
The information in this document has been printed based on publicly available information, internal data, and other
reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied
on as such, as this document is for general guidance only.
PPWB or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise
to any person from any inadvertent error in the information contained in this report.
This document is for your information purpose only and should not be reproduced/redistributed, directly or indirectly.
No material disciplinary action has been taken on PPWB or any of its affiliates/ group companies by any regulatory
authority impacting Research Analysis.
Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or
provide any assurance of returns to investors.
The opinions expressed in the Report are our current opinions as of the date of the Report and may be subject to
change from time to time without notice.
Risks
Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the
objectives of any of investment in securities will be achieved. The investments referred to herein may not be suitable to
all categories of investors. The names of securities mentioned herein do not in any manner indicate their prospects or
returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the
respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital
markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by
various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides
the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives.
Jurisdiction
The possession, circulation and/or distribution of this research report may be restricted or regulated in certain jurisdictions
by appropriate laws. No action has been or will be taken by Share.Market in any jurisdiction (other than India), where
any action for such purpose(s) is required. Accordingly, this research report shall not be possessed, circulated and/or
distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations
of such country or jurisdiction. Share.Market requires such recipient to inform himself about and to observe any
restrictions at his own expense, without any liability to Share.Market. Any dispute arising out of this research report shall
be subject to the exclusive jurisdiction of the Courts in Bengaluru, India.
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FACTSHEET 13-Feb-2025
Name of the RA as registered with SEBI PhonePe Wealth Broking Private Limited
Registration number INH000013387
BSE RA Enlistment Number 5887
CIN U65990KA2021PTC146954
Registered Office and telephone number Office - 2, Floor 3, Wing A, Block A,
Salarpuria Softzone, Bellandur Village, Varthur Hobli,
Outer Ring Road, Bangalore South, Bangalore,
Karnataka - 560103, India
080-68727687
Name, telephone no, and email ID Shrenik Shah
of the compliance officer Tel:080-68727689
co@share.market
Name, telephone no, and email ID Ajay Nair
of the Grievance officer Tel : 080-68727688
GRO@share.market
Website https://share.market/
For grievances/complaints Grievances_ra@share.market
Section 13
Terms of Service
This research report is subject to the Term of Service and must be read in conjunction with the information, opinions, and
views of which they form part of.
Digitally signed by the concerned Research Analyst signed,
Name: Sujit Modi Sujit Modi
Contact Details: 080-69104769 Digitally signed by
Name: DS PHONEPE
WEALTH BROKING
Email address: Grievances_ra@share.market PRIVATE LIMITED 3
Organisation:
PHONEPE WEALTH
BROKING PRIVATE
LIMITED
Date: 13 Feb 2025
07:23:39 IST
