HEAD

ICICI Prudential Mutual Fund

START
Date: January 22nd, 2025

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

• Indian equity benchmarks closed lower on Tuesday, as the US President’s unexpected stance on trade
tariffs dented investor sentiment.

Domestic Equity Benchmark Indices (Returns %)

Index 22 Jan 1 Day 1 Week 1 Month 1 Year

Sensex 75838 -1.60 -0.86 -2.82 6.18

Nifty 50 23025 -1.37 -0.65 -2.39 6.74

Nifty Equity Benchmark Indices (Returns %)

Index 22 Jan 1 Day 1 Week 1 Month 1 Yr
Mid Cap 53835 -2.31 0.30 -5.40 12.01

Small Cap 17457 -2.28 1.15 -6.72 12.49

Auto 22303 -1.63 -2.32 -1.23 19.58

Bank 48571 -1.58 -0.32 -4.31 5.46

Energy 34309 -1.89 2.21 -1.72 -2.63

FMCG 55623 -0.21 -0.01 0.04 -0.63

Infra 8310 -1.68 2.09 -1.69 8.38

IT 41698 -1.17 -3.17 -4.74 13.63

Metal 8532 -0.94 3.20 -3.19 10.06

Pharma 21883 -1.35 -1.45 -2.75 26.98

Realty 906 -4.12 -0.20 -14.50 5.16

PSU 6308 -1.73 2.66 -4.07 4.17

Nifty P/E
Latest P/E* FY25E FY26E
21.07 21.40X 18.76X
*Data as of 21 Jan

FIIs/ DIIs/ Mutual Fund Data

(Rs Cr) 20 Jan MTD YTD
FIIs -3724.79 -46397.07 -46397.07

DIIs 3500.32 49918.75 49918.75

Mutual Funds 2452.92 33901.27 33901

-MF Data as of Jan 17 , DIIs as of 21 Jan

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 higher at 6.73% on Tuesday compared to 6.63%on
Monday.
• Government bond prices ended higher on Tuesday due to a fall in the US treasury yields which was a
result of less trade tariffs imposed by President Donald Trump.
• The yield of the 10-year benchmark 06.79% GS 2034 paper ended lower at 6.73% on Tuesday
compared to 6.76% on Monday.

Debt Watch
Index 21 Jan Week Ago Month Ago Year Ago
Call Rate 6.58% 6.53% 6.78% 6.80%
Repo 6.50% 6.50% 6.50% 6.50%
10 Yr Gilt^ 6.73% 6.83% 6.79% 7.18%
30 Yr Gilt^ 7.16% 7.22% 7.16% 7.52%
91-D T Bill^ 6.57% 6.59% 6.48% 7.01%
182-D T Bill^ 6.67% 6.65% 6.58% 7.15%
364-D T Bill^ 6.65% 6.69% 6.62% 7.13%
1-mth CP rate 7.55% 7.54% 7.62% 7.55%
3-mth CP rate 7.93% 7.90% 7.45% 8.40%
6-mth CP rate 7.97% 7.98% 7.75% 8.20%
1 yr CP rate 8.05% 8.06% 7.90% 8.23%
1-mth CD rate 7.21% 7.23% 7.38% 7.06%
3-mth CD rate 7.50% 7.53% 7.23% 7.65%
6-mth CD rate 7.64% 7.65% 7.54% 7.75%
1 yr CD rate 7.61% 7.70% 7.62% 7.85%

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

6 month 6.67 7.69 8.46 8.48 9.73 10.20
1 Year 6.64 7.51 8.28 8.30 9.55 10.02
3 Year 6.65 7.35 8.12 8.14 9.39 9.86
5 Year 6.72 7.21 8.10 8.11 9.37 9.84
10 Year 6.73 7.22 8.11 8.12 9.38 9.85

^Weighted Average Yield. G-sec and corporate bonds data as of 21 Jan *Weighted average yields for G-sec data 6
month G-sec: 182 day T-Bill rate; 1 year G-Sec: 05.63% GS 2026; 3 year G-Sec: 7.06% GS 2028; 5 year G-Sec: 07.17
GS 2030; 10 year G-Sec: 06.79 GS 2034

Auctions/ Money Market Operations

Date Description Amount (Rs Cr)
Jan 24 G-sec auction 32,000 (Notified)
Jan 21 Total repo 0 (outstanding)
Jan 21 Total Reverse Repo 2,36,145 (outstanding)
Jan 21 Marginal Standing Facility 4,461
Jan 21 GOI Surplus Cash Balance with RBI 0

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

• Moody's reduced India's economic growth forecast for FY 2024 to 7%, down from 8.2%.
• The Centre has extended duty-free imports of tur dal until March 2026 to curb rising retail food prices.
• India and France agreed to expand their partnership in high-end technology sectors.
• The government has rolled out draft guidelines for e-commerce platforms, mandating self-regulatory
measures to protect consumers from fraudulent practices amid the fast-growing digital shopping
landscape in India.
• Sebi chairperson Madhabi Puri Buch said, the Securities and Exchange Board of India (Sebi) is exploring
the introduction of ‘when-listed’ securities trading, allowing shares to be traded between the close of an
initial public offering (IPO) and their official listing on the stock exchanges.

Economic Indicators
YoY (%) Current Quarter Ago Year Ago

5.22% 5.49% 5.69%

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

5.2% -0.1% 2.5%

IIP (Nov-24) (Aug-24) (Nov-23)

5.4% 6.7% 8.1%

GDP (Jul-Sep FY’25) (Apr-Jun FY’25) (Jul-Sep FY’24)

2.37% 1.84% 0.86%

Monthly Inflation (WPI) (Dec-24) (Sep-24) (Dec-23)

Key Announcements in the Month Release Date

Japan Balance of Trade, January January 23

UK CBI Business Optimism Index, Q1 January 23

Japan Inflation Rate, December January 24

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

• Eurozone ZEW Indicator of Economic Sentiment rose to 18 in January 2025 compared to 17 in December
2024.
• UK unemployment rate rose to 4.4% from September to November compared to 4.3% in the previous
two periods.

Currencies Vs INR
21 Jan 20 Jan Change

USD 86.51 86.55 0.03

GBP 106.19 105.69 -0.49

Euro 89.78 89.21 -0.57

100 Yen 55.65 55.42 -0.23

21 Jan Week Ago Month Ago Year Ago

US 10-yr yield (%) 4.57 4.78 4.52 4.13

UK 10-yr yield (%) 4.59 4.88 4.51 3.93

German 10-yr (%) 2.48 2.62 2.29 2.30

Japan 10-yr (%) 1.19 1.24 1.04 0.66

London Brent Crude Oil 79.29 79.92 72.94 78.56

($/bbl)
Gold (Rs/10 gms) 79453 78028 75377 62390

21 Jan 1 Day 1 Month 1 Year

DJIA 44026 NA 2.77 16.27

Nasdaq 19757 NA 0.94 29.04

FTSE 8548 0.33 5.74 14.56

Nikkei 39028 0.32 0.84 8.52

Hang Seng 20107 0.91 1.96 31.34

Strait Times 3795 -0.33 2.03 20.40

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.