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I’m up at 3:45 every morning. I want to know where all the markets are. I work out for an hour. Then the day really gets goingJaipur Investment. I’m Rick Rieder Chief Investment Officer of Global Fixed Income at BlackrockVaranasi Investment. So my job is investing money for clients trying to generate return using fixed income assets within portfolios. From being in this business for 35 years, you learn you got to be thoughtful. You got to innovate. You got to be different and then apply that to the experience you have and the research that you’re doing. Education for me is literally the foundation of everything. I’m, chairman of the board of North Star Academy. And so we’re 14 charter schools serving 6000 kids in the city of Newark.

We started an internship program to bring high school kids in to help them with not just understanding markets, the economy, finance, but also understanding how you interface in business. We’re helping to change the future of thousands of underserved kids. It gives you a real boost to see the difference you can make. There’s a lot to do in a day, so when you start to see what you can get done, I think it’s safe to say that I won’t look back and wish I had slept more.

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This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed may change as subsequent conditions varyBangalore Stock Exchange. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader/viewer.

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Pune Investment

Blue chip stocks are a publicly traded stock that is part of a well-established and financially sound company. These stocks are typically known for their stability, consistent growth, providing regular dividend payouts, and strong brand recognition. As they are less resistant to fluctuation in the economy and less volatile, these stocks are a safe choice if you’re looking to build an investment portfolio for the long-term.

The term ‘blue chip’ is derived from the game of poker, in which blue chips are the most valuable chips.

Here are the top 10 blue chip companies in India sorted according to their price to intrinsic value rank:

Note: The data on this top-performing blue chip share list was taken on 23rd October 2024. Apply the following filters on Tickertape Stock Screener to get this list:

Stock universe – Nifty 50 Market capitalisation – Large capPercentage Buy Reco’s – HighPrice to Intrinsic Value – Sorted from highest to lowest

Intrinsic value is its fair value as far as you or the analyst is concerned. High intrinsic value signifies the stock is underpriced, whereas low value signifies that the stock is overpriced on the bourse.Lucknow Stock

🚀 Pro Tip: Utilise Tickertape’s Market Mood Index to gauge market sentiment and make informed investment decisions based on real-time market data and trends.

Discover Blue Chip Investments Through smallcase!

Did you know that you can invest in readymade stock portfolios managed by SEBI-registered experts?

But first, what is a smallcase?

smallcases are modern investment products that help investors build low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They are created and managed by SEBI-registered experts.

With over 500 smallcases to choose from, here are some of the most popular smallcases you can check out if you are interested in large-cap stocks:

Note: The smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.

Disclosures for the Blue-Chip Value Mix smallcaseDisclosures for the Large Cap Momentum (AUM) smallcase

Here are brief overviews of the companies on the list of blue chip stocks in India with price:

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, incorporated on 2nd March 1993, has established several unicorns, including Adani Power, Adani Transmission, Adani Ports & SEZ, Adani Total Gas, and Adani Green Energy.

As of 23rd October 2024, the company had a market capitalisation of Rs. 327,273.72 cr., and its share price closed at Rs. 2835.55. Furthermore, its PE ratio is 101.02, and its percentage buy reco’s is 100.00%. The company has a price-to-intrinsic value rank of 94.85.

Bharat Electronics Limited (BEL), founded in 1954 under the Ministry of Defence, caters to the specialised electronic needs of India’s defence sector. Over the years, the company has expanded into manufacturing various civilian products. Key customers in India include the Department of Telecommunication, Paramilitary Forces, Railways, DRDO, and the Election Commission of India.

As of 23rd October 2024, the company had a market capitalisation of Rs. 196,377.21 cr., and its share price closed at Rs. 268.65. Furthermore, its PE ratio is 49.29, and its percentage buy reco’s is 77.27%. The company has a price-to-intrinsic value rank of 77.21.

Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading private port and SEZ enterprise, began as Gujarat Adani Port Ltd (GAPL) on 26th May 1998 to develop a private port at Mundra on India’s west coast. The company focuses on developing, operating, and maintaining port infrastructure, including port services and related projects.

As of 23rd October 2024, the company had a market capitalisation of Rs. 289,555.82 cr., and its share price closed at Rs. 1340.45. Furthermore, its PE ratio is 35.70, and its percentage buy reco’s is 93.33%. The company has a price-to-intrinsic value rank of 76.1.

Reliance Industries Limited, an Indian multinational conglomerate based in Mumbai, was founded in 1958 by Dhirubhai Ambani as Reliance Commercial Corporation, a small textile manufacturing unit.

As of 23rd October 2024, the company had a market capitalisation of Rs. 1,811,341.94 cr., and its share price closed at Rs. 2677.05. Furthermore, its PE ratio is 26.02, and its percentage buy reco’s is 80.00%. The company has a price-to-intrinsic value rank of 65.32.

The State Bank of India (SBI), established on 1st July 1955, is an Indian multinational public sector bank and financial services provider headquartered in Mumbai. It holds about 25% of the Indian banking market and serves over 480 million customers.

As of 23rd October 2024, the company had a market capitalisation of Rs. 701,475.13 cr., and its share price closed at Rs. 786. Furthermore, its PE ratio is 10.46, and its percentage buy reco’s is 76.92%. The company has a price-to-intrinsic value rank of 64.83.

Oil and Natural Gas Corporation (ONGC), India’s largest crude oil and natural gas producer, was founded by the Indian government on 14 August 1956. Established to boost India’s crude oil output through oil exploration, ONGC has discovered 8 of the country’s 9 producing basins.

As of 23rd October 2024, the company had a market capitalisation of Rs. 340,736.86 cr., and its share price closed at Rs. 270.85Jaipur Investment. Furthermore, its PE ratio is 6.92, and its percentage buy reco’s is 75.00%. The company has a price-to-intrinsic value rank of 62.5.

Mahindra & Mahindra (M&M), the flagship company of the Mahindra Group, was founded in 1945 as ‘Mahindra & Mohammed’, initially focusing on steel trading. In 1948, it rebranded as Mahindra & Mahindra. The company launched its IPO on 15th June 1955 and was listed on the Bombay Stock Exchange (BSE) in 1956, followed by the National Stock Exchange (NSE).

As of 23rd October 2024, the company had a market capitalisation of RsChennai Investment. 334,852.68 cr., and its share price closed at Rs. 2793.5. Furthermore, its PE ratio is 29.72, and its percentage buy reco’s is 94.29%. The company has a price-to-intrinsic value rank of 59.31.

Coal India Limited (CIL), founded on 1st November 1975, operates as a leading central public sector enterprise under the Ministry of Coal, Government of India. Headquartered in Kolkata, CIL is the world’s largest government-owned coal producer and employs approximately 2,72,000 people, making it the 9th largest employer in India.

As of 23rd October 2024, the company had a market capitalisation of Rs. 292,174.95 cr., and its share price closed at Rs. 474.1. Furthermore, its PE ratio is 7.81, and its percentage buy reco’s is 75.00%. The company has a price-to-intrinsic value rank of 59.07.

Larsen & Toubro Ltd (L&T), an esteemed Indian multinational conglomerate, actively engages in engineering, construction, manufacturing, technology, information technology, and financial services. Founded in Mumbai with its technical services headquarters in Chennai, L&T ranks among the world’s top five construction firms.

As of 23rd October 2024, the company had a market capitalisation of Rs. 475,115.74 cr., and its share price closed at Rs.3455.4. Furthermore, its PE ratio is 36.38, and its percentage buy reco’s is 85.29%. The company has a price-to-intrinsic value rank of 57.6.

Axis Bank, established in 1994, is one of India’s pioneering new-generation private sector banks. Promoted in 1993 by the Specified Undertaking of Unit Trust of India (SUUTI) (formerly Unit Trust of India), along with General Insurance Corporation of India (GIC), Life Insurance Corporation of India (LIC), and other insurance companies, Axis Bank went public with its IPO in 1998.

As of 23rd October 2024, the company had a market capitalisation of Rs. 358,985.98 cr., and its share price closed at Rs.1160.4. Furthermore, its PE ratio is 13.61, and its percentage buy reco’s is 78.57%. The company has a price-to-intrinsic value rank of 54.17.

Blue chip companies are market leaders in their respective sectors and are very popular among investors. This is because they are well-established and reputed companies with strong financial resources to fend off tough times like recession, inflation, etc., and pay regular dividends to their investors.

Blue chip stocks in India are known for their stability and reliability, making them an attractive option for investors. Here are the key features that define these blue chip stocks India:

Blue chip stocks typically provide regular dividends, usually every quarter. This consistent income stream reflects the financial stability of these well-established companies, offering investors a sense of security.

These companies possess substantial capital, allowing them to fulfil financial obligations easily. Their strong credit ratings signify reliability, making their blue chip in stock market low-risk investments.

Issued by financially stable companies, blue chip stocks, including top blue chip stocks, carry lower risk compared to other equities. Investors can further mitigate risk through portfolio diversification.

Blue chip stocks are generally suited for long-term investments, often requiring a horizon of over seven years. This extended timeframe aligns well with strategic financial planning and growth objectives.

While blue chip companies may have reached their peak growth potential, they continue to show slow yet steady growth over time. This characteristic makes them attractive for investors looking for reliable capital appreciation.

Blue chip companies are often well-known and respected within their industries. Their strong brand presence contributes to consumer trust and loyalty, further enhancing their stability.

These companies have weathered various market fluctuations and crises, demonstrating resilience and maintaining a robust reputation. Their strong balance sheets reflect consistent profitability and effective management.

In India, gains from blue chip stocks fall under Section 80C of the Income Tax Act. For short-term capital gains (assets held for less than 36 months), the tax rate is 15%. For long-term capital gains (assets held for more than 36 months), the tax rate has been revised to 12.5%, effective from 23rd July 2024, for gains exceeding Rs. 1 lakh in a financial year​. This structure makes blue chip stocks a tax-efficient investment choice.

Blue chip companies have been in the market for a long time and have witnessed growth over the yearsJaipur Wealth Management. You can identify blue chip stocks by filtering out stocks based on ‘5-yr historical revenue growth.’

With strong balance sheets, established business strategies, etc., blue chip companies offering stocks can easily meet their financial obligations, making them creditworthy among investors.

Companies that offer blue chip stocks have survived market cycles and economic downturns. Therefore, on Tickertape Screener, blue chip stocks, including top 50 blue chip stocks in India, bear the ‘Low Risk’ tag.

Blue chip stocks have demonstrated a good track record of paying consistent dividends to their investors over the years.

Blue chip stocks are not highly influenced by market volatility. Therefore, events that can shatter the market don’t dictate the price of these stocks.

Apart from their impressive track record of yielding dividends, here are some other reasons why you should invest in blue chip stocks –

Blue chip companies are well-established entities, and hence, their stocks, including the top 5 blue chip stocks, are considered relatively safer.

Many blue chip companies form part of benchmark indices such as Nifty 50, Nifty 100, and Sensex.

Blue chip companies often have a strong cash flow. However, this doesn’t mean the cash flow has to be positive. A negative cash flow can mean good when the company uses it for productive purposes such as funding expansion, which is a good sign too.

Blue chip stocks are ideal for investors with a long-term horizon, preferably 5 to 7 years. In the table above, all the listed blue stock companies have generated substantial returns for investors over a long period.

Investing in blue chip companies in India offers a variety of advantages that make them an attractive option for investors seeking stability and growth. Below are some of the key benefits:

Stable and Regular Dividends: Blue chip stocks are renowned for providing consistent returns through dividends, which are usually paid quarterly. This stability is particularly valuable during fluctuating market conditions, offering investors a reliable source of income.Opportunity to Achieve Financial Goals: With an investment horizon typically exceeding seven years, blue chip stocks give investors ample time to accumulate wealth. This long-term perspective facilitates the creation of a robust financial corpus, enabling individuals to meet their financial aspirations effectively.Portfolio Diversification: Blue chip companies often operate across multiple sectors and revenue streams, which mitigates the impact of economic downturns. This diversification helps investors spread their risk, making blue chip stocks a safer addition to their portfolios.Liquidity: The high market reputation and creditworthiness of blue chip companies enhance their stock values. This characteristic ensures that investors can easily buy and sell these stocks in the market, providing them with the liquidity necessary to manage their investments efficiently.

Investing in blue chip stocks in India is often seen as a stable choice, but it is essential to know the potential risks associated with this investment strategy. Here are some key risks to consider:

Slow Growth Rate: Blue chip companies are typically well-established and mature, which can lead to slower growth compared to smaller, high-growth firms. Investors may need patience, as capital appreciation may not be as rapid, even in the best blue chip shares.Low Dividend Yields: Although blue chip stocks in Nifty 50 are known for their reliability, they may offer lower dividend yields due to their slow growth rates. This can be disappointing for income-focused investors who depend on regular dividend payments.Comparative Expense: The high demand for blue chip stocks—from their perceived stability and low risk—often results in elevated market prices. This can make them comparatively expensive when viewed alongside similar-sized stocks, potentially impacting the value of future returns.Dividend Cuts: While blue chip stocks, including the top 25 blue chip stocks, seek consistent dividends, there is no guarantee that these dividends will be maintained. Economic fluctuations or company-specific challenges can lead to reductions or eliminations of dividends, which may significantly affect investors relying on this income.Overvaluation Risks: In times of market uncertainty, investors may flock to blue chip stocks, driving up their prices and leading to potential overvaluation. This can limit future returns and increase the risk of a market correction, where the stock’s price may fall sharply, negatively impacting investors.

Investors seeking alternatives to blue-chip stocks in India may consider the following options:

Real estate in India remains a lucrative investment avenue, offering both income through rentals and potential capital appreciation. Investors can diversify into residential or commercial properties, with opportunities to buy, sell, or lease. While the market may not be as fast-growing as before, it still offers long-term stability and growth prospects, making it a viable alternative to blue-chip stocks.

ETFs are a collection of securities that trade on exchanges, similar to stocks. They offer exposure to various asset classes, including equities, bonds, and commodities, with lower risk compared to direct stock investments. ETFs typically have lower expense ratios and are available in various forms, such as Gold ETFs, Bank ETFs, or International ETFs, providing a flexible, diversified investment choice.

For risk-averse investors, fixed deposits are a safe option, offering assured returns over a fixed tenure. FDs come with the added benefit of tax savings under specific conditions and provide liquidity through loans against deposits. This option is suitable for both short-term and long-term investment needs, offering stability without market volatility.

Government bonds are debt securities issued by the Government of India and are considered one of the safest investment options. These bonds provide fixed returns and are monitored by the Reserve Bank of India (RBI). They are ideal for conservative investors looking to diversify their portfolios with low-risk, fixed-income instruments while also availing tax benefits in some cases.

Here are a few key factors to consider when investing in blue chip stocks in India:

Blue chip shares to buy are generally associated with companies that have a market capitalisation of over Rs. 20,000 cr. This large size often reflects their established position in the market. Understanding market capitalisation can provide insights into the stability and scale of these companies, making them significant players in their respective industries.

Analysing a company’s financial health is essential in assessing its stability and long-term viability. Key financial documents, such as balance sheets and profit and loss statements, offer a view into how the company manages its finances. In particular, a lower debt-to-equity ratio is often interpreted as a sign of sound financial management.

Metrics like Return on Assets (ROA), Average Rate of Return on blue chip stocks, and Return on Equity (ROE) highlight how effectively a company utilises its resources. ROA measures how well a company generates blue chip stock returns or profit from its assets, while ROE shows the returns generated on shareholders’ equity. Both indicators provide a deeper understanding of the company’s financial efficiency and profitability over time.

The performance of blue chip stocks during economic downturns can be particularly revealing. Blue chips often maintain resilience in difficult market conditions, offering a window into their ability to navigate future challenges. Studying past performance provides a broader context for their market behaviour over time.

Many blue chip companies distribute a portion of their profits as dividends, which can appeal to investors seeking regular income. By exploring the dividend yield, one can understand how much income these companies typically return to shareholders compared to the stock’s price. This provides an additional perspective on the stock’s potential to offer returns beyond capital gains.

Although blue chip stocks are known for stability, their growth tends to be gradual. Investigating the future growth potential of a company, such as its expansion plans or innovations, helps to understand whether these stocks still offer significant growth opportunities, especially as they are often closer to their peak market value.

Valuation plays a crucial role in understanding whether a stock is priced appropriately. The intrinsic value, which estimates the stock’s worth based on financial history and future earnings potential, serves as a comparison point to the market price. This concept provides a clearer view of whether the stock might be undervalued or overvalued.

The future of blue chip stocks in 2023 in India looks promising, as blue chip companies have strong business models and impressive track records of returns for investors. These returns often include regular dividend payments, making blue chip stocks top-rated among conservative investors. Even risk-tolerant investors should consider buying blue chip stocks to diversify their portfolios better and provide some stability during turbulent stock market periods.

Ahmedabad Stock

Nvidia flew into the $1 trillion club in May 2023 as it capitalized on growing spending on artificial intelligence. The chipmaker has gone on to increase more than three-fold in value since, becoming the second most valuable company in the world, behind only Apple.

The rest of the $1 trillion club is full of some of Nvidia’s biggest customers, the “hyperscalers” building out massive data centers for training and running generative AISimla Investment. But the newest member of the club is actually a key part of Nvidia’s supply chain. It’s not just Nvidia, though. This semiconductor company works closely with almost every tech company in the $1 trillion club, and now, it’s finally a member itself.

The newest artificial intelligence (AI) chip stock in the $1 trillion club is Taiwan Semiconductor Manufacturing Company . Here’s why $1 trillion may be just a milestone in the stock’s continued ascension into the ranks of the mega-caps.

Taiwan Semiconductor, or TSMC, is a chip manufacturer, also known as a foundry or fab. It’s the top choice for many chip designers, attracting over 60% of spending in the industry. There’s good reason for that. TSMC’s technology is much further ahead than that of nearly every competitor.

At an investor conference last month, Nvidia CEO Jensen Huang said: “We’re fabbing out of TSMC because it’s the world’s best. And it’s the world’s best not by a small margin, it’s the world’s best by an incredible margin.”

That’s evidenced in TSMC’s recent financial results for the third quarter. The company reported 39% year-over-year revenue growth. Its gross margin expanded to 57.8% from 54.3% last year, and net income grew 54.2% as a result. The driving force behind those stellar results is TSMC’s technology lead. That makes it the must-have partner for anyone wanting to print advanced chips for AI (like Nvidia’s GPUs) or smartphones (like Apple’s iPhone).

“Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm and 5nm technologies,” CFO Wendell Huang wrote in the earnings release.

Management expects revenue from AI chips to more than triple in 2024, but the segment will only account for a mid-teen percentage of TSMC’s total for the year. There’s a long runway for growth for TSMC in AI, and it’s investing to take advantage of the opportunities presented.

Nvidia works with TSMC to print its chips, but it’s not the only AI chipmaker taking advantage of the leading fab’s advanced technology. Microsoft, Alphabet, Meta, Broadcom, and Advanced Micro Devices are all contracting with TSMC to develop AI accelerator chipsKanpur Stock. Apple has been using TSMC for years to develop its chips for the iPhone and iPad, and more recently, the Mac.

In other words, no matter how the future of AI data centers, large language model training, and AI inference plays out, TSMC stands to be a big winner.

Management increased its capital expenditure expectations for 2024 to more than $30 billion, and it expects to spend even more in 2025. It’s also spending on research and development, which increased 11.4% year over year last quarter.

Both are keys to TSMC’s ongoing success. As the largest foundry in the world by a wide margin, it’s capable of spending more on machinery and technology while advancing its technological capabilities than any other competitor. That ensures it maintains its position as the technology leader, which in turn leads to continued relationships with the biggest customers in the world. That virtuous cycle is a tremendous competitive advantage for TSMC that’s hard to overcome.

While shares of TSMC more than doubled in 2024, there’s still room for the stock to climb higher.

At its current share price, it trades for just over 25 times analysts’ estimates for 2025 earnings. And that’s before they’ve had a chance to update their models with the most recent results and guidance from management. Over the next five years, TSMC is capable of growing its bottom line at a rate in the 20% rangeChennai Investment. AI spending remains robust, and the company is able to maintain its high gross margin from strong utilization even as it brings the next generation of technology onlineJaipur Wealth Management. That level of growth more than justifies the current earnings multiple.

Mumbai Wealth Management

New research released today by Google and Centre for Entrepreneurship (CfE) of The Chinese University of Hong Kong (CUHK) shows that, despite an excellent infrastructure for budding startups, Hong Kong’s entrepreneurial ecosystem is disconnected and facing an “innovation deadlock.” The research report “Crouching Tigers, Hidden Dragons”, part of the Empowering Young Entrepreneurs Programme (EYE Programme), identifies four key ingredients to build a truly connected startup system and calls on five key groups in Hong Kong to achieve “The 2% Mission.” The EYE Programme 2015 is now open for online application, from April 17 to May 26, 2015. This year, home-grown startups with creative ideas using mobile technologies are invited to come forward and contribute to Hong Kong’s future as an innovation hub.

The report highlights “The 2% Mission.” By helping around 2,800 new businesses – that’s 2% of the five-year average number of new business registrations in Hong Kong – over the next four years, it’s possible to create: 333,800 new jobs, 11,480 new high-potential startups, 7,800 new IP applications, and additional 0.24% GDP which is one-third of what we now spend on R&D per year.

The report also identifies four key ingredients that are vital for building a truly connected and virile startup environment in Hong Kong including:

Shake social convention. 43% of potential Hong Kong entrepreneurs consider social and cultural norms when deciding to start a business, and peer pressure makes it hard for them to take the first step. Pressure from friends to delay their plans increases 436% after enrolling in startup programmes.

Bridge the gap between the willingness to give, and supporting homegrown startups. Hong Kong comes tenth out of 143 economies in the 2014 World Giving Index ranking, and 68% regularly give to charity. However, between 2007 to 2012, local startups receive only 3% of the institutional investments made by Hong Kong based corporations, much lower than in the U.S. which is 16%.

Jailbreak the innovation deadlock. Hong Kong startups do have creative ideas, the findings show that 75% of Hong Kong entrepreneurs think “creativity” is their strengthChennai Stock. However, a cultural paradox prevents people from sharing new ideas and traditional ways of doing business means innovative output is low: only 32% of startups were regarded as “highly innovative” by EYE Programme judges. In addition, 94% of local companies do not invest in any R&D, and 23.5% see no need for R&D. This affects the public awareness of Hong Kong’s innovative capabilities, creating a vicious cycle of “crouching innovation.”

Balance the five groups in the ecosystem. Hong Kong’s startup community has a good numbers of leaders, brokers and feeders, but there are far fewer mentors and supporters than is ideal for a healthy ecosystem. The uneven and uncoordinated development of the startup ecosystem is because these groups are not working well together.Indore Stock

To achieve the mission, the report calls on five key groups in Hong Kong including startup community, business community, investors, educators and the government, to work closer together and help transform Hong Kong’s startup scene. Here are some actions items for each group to step up:

Local community of entrepreneurs should adopt a bottom up approach to developing entrepreneurship in Hong Kong; the startup community has to strengthen the networks, improve mentorship and share knowledge.

Existing local businesses take better care to ensure the longevity and dynamic development of respective industries. The business community needs to commit more resources to research and development, and establish collaborative projects with startups, to increase innovation across industries.

Investors are interested in startups. To improve the levels of investment, investors need to legitimize the startup as a viable strategy for wealth creation by expanding and professionalizing angel investment with guidelines, templates for investment processes, case studies, and performance benchmarks.

Universities and schools have been more active in the startup scene in recent years, but there’s room for improvement. Educators should encourage spinoffs and university-based entrepreneurship, through further expansion of incubation and acceleration programmes.Kanpur Investment

The government needs to continue to enhance a sustainable business environment, and promote the shared long-term vision for entrepreneurship.

Dominic Allon, Managing Director of Google Hong Kong, says: “We see a budding entrepreneurial ecosystem in Hong Kong with passionate startups. We are excited to be continuing the EYE Programme with CUHK Centre for Entrepreneurship, together with Cyberport and KPMG as the programme’s key partners. This year, home-grown startups with creative ideas using mobile technologies are invited to come forward and contribute to Hong Kong’s future as an innovation hub.”

Kevin Au, Associate Professor of Department of Management and Director of CfE and Director of Centre for Family Business at CUHK Business School, says: “The 2% Mission is an achievable goal aiming to transform the future of Hong KongMumbai Investment. This report helps guide the change in the startup ecosystem. We are so excited to find that many stakeholders agree with us in devising a shared vision and developing a strategy for improving the local ecology for budding entrepreneurs from Hong Kong and abroad. Our report has been put together to help local stakeholders make more informed decisions and inspire closer cooperation between members of the startup ecology. It is an exciting time to live in, where one can see the rebirth of Hong Kong’s ‘Tigers’ and ‘Dragons.’”

The EYE Programme will continue in 2015, with the theme of “Living in the Mobile-First World.” In Hong Kong, mobile first is very much a reality. There’s a new trend emerging – mobile only, with 14% of Hong Kong people are using smartphone only when they go online. This is a huge opportunity for startups and businesses to embrace mobile technology and make a difference in user lives. This year’s programme is supported by Key Partners Cyberport and KPMG; as well as Strategic Partners including Hong Kong Science and Technology Parks Corporation, ASTRI, Cherrypicks, CUHK EMBA Alumni Association, and StartupsHK. From April 17, 2015, Hong Kong startups and entrepreneurs can visit the EYE Programme website to apply and get more details. The application deadline is May 26, 2015.

This is the first comprehensive study of Hong Kong’s entrepreneurial ecosystem. The report is based on surveys with over 900 entrepreneurs and entrepreneur-to-be, 270 startups, 40 mentors; data analysis from over 400 external sources; mapping out of over 830 startup support organisations; and interviews with over 55 experts. It identifies the factors Hong Kong’s young entrepreneurs consider before deciding to launch a startup as well as the challenges, and helps guide the change in the startup ecosystem.

Infographic:

Event photos:

Dominic Allon, Managing Director, Google Hong Kong (first from left), Kevin Au, Associate Professor of Department of Management and Director of CfE and Director of Centre for Family Business at CUHK Business School (third from left), Gene Soo, Founder of StartupsHK (first from right) and EYE Programme key partners Irene Chu, Partner, Technology, Media & Telecommunications, KPMG (second from left) and Alice So, Senior Manager, Hong Kong Cyberport Management Company (second from right).

In the photo: Dominic Allon, Managing Director, Google Hong Kong; Kevin Au, Associate Professor of Department of Management and Director of CfE and Director of Centre for Family Business at CUHK Business School; Gene Soo, Founder of StartupsHK, EYE Programme key partners Irene Chu, Partner, Technology, Media & Telecommunications, KPMG and Alice So, Senior Manager, Hong Kong Cyberport Management Company.

Other strategic partners include Simon Wong, President of CUHK EMBA Alumni Association; Dennis Lee, Director in Marketing of ASTRI (Hong Kong Applied Science and Technology Research Institute); Jason Chiu, CEO of Cherrypicks and Wilson Chan, Manager of Incubation Promotion of Hong Kong Science and Technology Parks Corporation.

Jinnai Wealth Management

When you invest in the stock market, you can bet on both sides of the market using an online broker account. Inverse ETFs (exchange-traded funds) are an easy way to place bearish bets without physically shorting shares of stock.

Bottom line, the following ETFs go up in value as the underlying benchmark index they track goes down. See also: List of Long ETFs (Bullish ETFs).

To compare online brokers for trading ETFs, read our online broker guide and use our comparison tool. I recommend Fidelity which has the best ETF research tools (ETF screeners, charting, third-party reports, etc) and overall experience for ETFs.

» Want to know more? Read our quick takes on ETFs and mutual funds.

One of the Fast Money guys mentioned the UltraShort Oil & Gas ProShares ETF (DUG) on a recent showNew Delhi Investment. He questioned how that ETF, which is the double inverse of oil & gas could be up for the day while oil was also up. A quick look at what DUG actually is gives the answer:

That “daily” part adds one complication to the pictureAgra Investment. From the article “Understanding ProShares’ Long-Term Performance” on ProShares’ site:

The article goes on to explain how & why this happens. But the question about how DUG could be up while the price of oil was also up is answered by looking at what comprises DUG — the Dow Jones U.S. Oil & Gas Index. That index “measures the performance of the energy sector of the U.SAgra Stock. equity market. Component companies include oil drilling equipment and services, coal, oil companies-major, oil companies-secondary, pipelines, liquid, solid or gaseous fossil fuel producers and service companies.”

Note that the actual price of oil is not mentioned. When you look at how that index is constructed you’ll see that ExxonMobil Corp. (XOM) makes up 28%, Chevron Corp. is 11% and ConocoPhillips is 7%. So at least 46% of the index is big oil companies (major integrated oil & gas). Then the question is how does the price of oil relate to movements in those oil companies? Or more broadly, how do ETFs compare against the underlying over longer periods of time?

Below we’ve plotted oil ($WTIC) vs. the ETF tracking oil (USO) over 2008 – 2018.

This shows that the price of oil has seriously outperformed the ETF, USO. Bottom line, be careful with which ETFs you are holding long. For more on this topic, ETFDB has a good post, 7 Risks of Trading Leveraged ETFs and How to Avoid Them.

An inverse exchange-traded fund, or inverse ETF, moves in the opposite direction of a specified investment or index. Investors who cannot short securities because of account restrictions, liquidity, or inability to find stock to short can still take a bearish position by buying an inverse ETF.

Inverse ETFs are managed to generate the exact opposite return of a specific investment or index for a specified period, typically a day. For example, the expected one-day return of a portfolio invested 50% into an S&P 500 index fund and 50% into an inverse S&P 500 index fund should be zero.

ProShares offers three ETFs that are managed to provide returns that perform in the opposite direction of the Dow Jones Industrial Average. The ProShares Short Dow 30 (DOG) targets unlevered inverse daily returns, while the ProShares UltraShort Dow 30 (DXD) is managed to generate two times the inverse daily returns, and the ProShares UltraPro Short (SDOW) seeks to return three times the inverse daily returns of the Dow Jones Index.

Short ETFs, otherwise known as inverse ETFs, use complicated financial derivatives to achieve their investment objectives. They are best suited for sophisticated traders or long-term investors seeking to temporarily hedge long-term positions. Derivative users (both managers and investors) have occasionally made errors that led to catastrophic losses.

Bangalore Wealth Management

投资者对未来的乐观预期周一推动股市收高，标准普尔500指数今年以来也由累计下跌转为了上涨。尽管预计部分银行将根据政府压力测试的结果被迫提高资本金，但投资者并未因此卖出股票，相反却大肆买进股票，尤其是银行股，他们乐观地认为，经济正在接近底部，即将出现回升。Associated Press在纽约证交所工作的人们标准普尔500指数飙升29.72点，收于907.24点，涨幅3.39%，为4月9日以来的最大上涨点数和涨幅Ahmedabad Wealth Management。此前，标准普尔指数和其它主要股指在3月9日创出了12年低点。从那以来，标准普尔500指数累计上涨了34%，今年以来共上涨了0.44%，跃升至去年底收盘位上方。不过，股指仍远远低于19个月前的水平；标准普尔500指数较2007年10月9日创出的1565.15点的历史高点下跌了42%Udabur Investment。许多投资者仍持怀疑态度，他们警告说股市上涨得过快，这将延长今年夏季的回调时间。但从股市中已经撤出了大量的资金，因此即使是投资者人气的小幅回升──导致处于观望之中的数千亿美元资金中的一小部分发生转变──也足以带来强有力的反弹。加州Al Frank Asset Management的首席执行长蒙哥马利(Jeff Montgomery)说，现在没有人能预计底部是否已经到来。但我们已经看到与我们有业务往来的个人投资者以及金融顾问情绪上的变化。他们的心态是如释重负与乐观的结合Pune Investment。道琼斯工业股票平均价格指数也强劲上扬，不过今年以来仍下跌了约4%。周一道琼斯指数上涨214.33点，收于8426.74点，涨幅2.61%。但它的计算方法同标准普尔不同，因此标准普尔指数中一些涨幅巨大的股票，如微软(Microsoft)和通用电气(General Electric)对道琼斯指数的影响就较小Surat Stock。标准普尔10类成份股中只有3类在2009年至今实现了上涨：科技类股上涨19%；非消费必需品类股上涨11%；基础材料类股上涨19%。尽管金融类股自3月份以来出现了反弹，但2009年至今依然下跌。人气改变的一个信号是投资者愿意略过坏消息Mumbai Stock Exchange。标准普尔公司(Standard & Poor’s)的债券评级子公司宣布，包括美国银行(Bank of America)花旗集团(Citigroup)和富国银行(Wells Fargo)在内的23家银行可能面临下调评级的危险。但名单中的这些银行都大幅上扬，整体银行类股当天上涨了约15%。投资者也发现了经济正在触底的蛛丝马迹：成屋待完成销售量出现了上升，以及有报告显示印度制造业活动出现了复苏。同时，纽约商交所原油期货结算价创出了5个月高点。E.S. Browning相关阅读数据提振美股收盘走高 2009-05-05美国3月建筑支出及成屋签约销售数据均表现良好 2009-05-05美国股市初显希望之光 2009-05-04美股依旧笑春风 2009-05-04

Jaipur Wealth Management

The term “Cash Cow” encompasses companies with a high in a slow-growing industry.

For such companies, neither nor is an issue.

The one drawback is that because the markets are mature, the overall is low with limited opportunities to reinvest or expand into different markets, i.e. such companies are boring but profitable.

The required reinvestment activity and overall efforts are minimal to sustain the historical levels of generation for such companies.Kolkata Stocks

The “Star” quadrant describes companies with high market share in a high-growth industry.Ahmedabad Investment

By exhibiting strong historical growth (and a pipeline of promising future opportunities) alongside high market share, stars are perceived as the most favorable products for those seeking the highest risk-adjusted returns.

Most often, these companies provide niche products or services, and tend to exhibit a clear competitive advantage, i.e. “moat”.Mumbai Investment

Of course, high growth requires spending, meaning that reinvestments are necessary to maintain strong growth.

Once the growth of the company declines and the market position stabilizes, the stars would ideally then become cash cows.

The “Question Mark” refers to companies with low market share operating in a high-growth market.New Delhi Stock Exchange

Since these sorts of companies are not market leaders, significant spending is necessary to grow and take market share away from incumbents.

The potential upside and downside are unknown, as the outcome of the company depends entirely on being able to obtain market traction and executing properly; hence, the uncertainty.

The final quadrant consists of “Pets” — the least favorable categorization in the matrix — which are companies with low market share in a mature industry with declining growth.

These companies are characterized by low margins with minimal (or potentially even negative) generation.

The most common treatment of such companies (or business units) is to discontinue operations, liquidate, or complete a divestiture, i.e. a sale to a third-party buyer.

BCG Matrix Growth Quadrants (Source: BCG)

Jaipur Wealth Management

Starting a successful business requires more than a good idea and the expertise to push it forward: Companies need cash to research, develop and launch new products and services. Although businesses often secure financing through loans, attracting funding from investors is a way to bring in a large amount of cash quickly without incurring interest expenses.

Investment of personal resources is the most common source of funding for startupsBangalore Wealth Management. Some entrepreneurs rely entirely on their own wealth for funding. Putting your own cash into your business means you’ll reap 100 percent of the reward from its activities, but it also means you take on 100 percent of the riskBangalore Stock Exchange. Businesses that start with personal investments often end up turning to other sources of financing as they expand and financing requirements increase.Hyderabad Investment

Friends and relatives are another common source of funding for small companies. Friends and family many be willing to invest in companies that can’t get loans or attract capital from big investors. In addition, they are less likely than larger investors like angels and venture capitalists to try to place conditions on funding.Hyderabad Wealth Management

Angles are wealthy individuals who seek out investment opportunities that have the potential to provide returns that beat traditional investments like the stock market. According to “Forbes,” angels typically invest sums of $25,000 to $250,000Jaipur Stock. They are usually affluent acquaintances, such as neighbors and business contacts. An angel investor may demand some input in business decisions in exchange for funding, but she can also provide critical advice, expertise and resources.

Venture capitalists are large investors who seek to purchase ownership in thriving businesses that are expected to grow rapidly in the near future. Venture capital can provide a large influx of investment funding, but VCs typically demand a say in management decisions. Because venture capital firms seek companies with rapid growth potential, businesses in the tech sector are especially attractive. Companies operating in traditional sectors — such as brick and mortar retail stores and restaurants — may have difficulty attracting venture capital.

Simla Wealth Management

GAFA等科技公司本季度的反垄断热点追踪 — 本季度，Google因违反关于使用媒体内容的承诺在法国被处以2.5亿欧元的罚款；韩国法院支持韩国竞争执法机构对Google处以罚款的决定；多家印度初创公司请求印度竞争执法机构阻止Google从 Google Play商店下架其应用程序；印度尼西亚在对Google支付的反垄断调查中取得进展。Amazon因无法取得欧盟反垄断审批而放弃收购iRobotGuoabong Stock。Meta 未能证明其履行了数据分离义务在土耳其被处以罚款；此外，Meta与以色列竞争执法机构就抢跑调查达成和解。欧委会正评估Apple为遵守DMA提出的合规措施，并且对Apple滥用流媒体应用发行市场的支配地位处以18亿欧元的巨额罚款。Nagpur Investment

科技领域本季度其他反垄断动态 — 本季度，欧盟普通法院驳回TikTok请求暂停将其指定为“守门人”的申请；欧盟修订《市场界定通知》以适应数字经济发展；Booking.com请求欧委会确认其是否属于“守门人”；匈牙利就人工智能技术的竞争法问题开展市场分析；印度发布一项《数字竞争法草案》Varanasi Stock。

其他领域的反垄断及外商投资进展 — 本季度值得印度及跨国企业关注的其他反垄断立法和外商投资政策进展涉及欧盟、英国、爱尔兰、瑞士、芬兰、西班牙、意大利、智利、新加坡、菲律宾、印度、澳大利亚、尼日利亚等司法辖区的并购审查、国家安全投资审查、反补贴审查制度等多方面的重要动态Agra Stock。在反垄断执法和诉讼层面，欧盟、爱尔兰、土耳其、香港、印度尼西亚、孟加拉、印度等司法辖区均在本季度有重要的反垄断调查行动Jinnai Wealth Management。

New Delhi Wealth Management

India has long had a complex relationship with foreign direct investment (FDI) given a colonial past that resulted in skepticism about the benefits of foreign investment. After decades of being mostly closed to foreign investments, India began to open its economy in 1991, though inward FDI remained below US$10 billion per year until 2005-06 when the Indian government increased the number of sectors in which it allowed 100% foreign invested entities without prior approval and increased the foreign investment cap in othersPune Investment. FDI grew further under the Make in India program introduced in September 2014 and the Production Linked Incentive Scheme announced in 2020-21Guoabong Investment. While most sectors of the economy were open to foreign investors without prior approval by 2020, some sectors remain off-limits, require government approval, or are still subject to percentage caps on foreign ownership.Pune Stock

FDI inflows in India grew from US$15 billion for the 1990-1999 period to US$161 billion for 2000-2009, US$372 billion for 2010-2019, and US$158 billion for 2020-2022 during the pandemicAgra Stock. The GDP impact of foreign affiliates in India went from 10.5% of GDP in 2010 to 21.8% of a much larger GDP in 2021.

Kolkata Investment