Finsight (8th June to 12th June 2020)

Fisight

Indian markets ended on a positive note. Nifty and Sensex both were up by 6.0% and 5.7% respectively.

Weekly Capsule

– Domestic Markets Zoom as country prepares to reopen

Indian benchmark Indices surged by more than 5% for the second week running, mainly on the back of normalcy being reinstated after the biggest and strictest lockdown in the world was in place since March 25. The FIIs faith in India recovery story was seen for the second week running as they poured ~20,000 crore in the equity markets.

– President approves insolvency suspension

The president on Friday, gave his approval to the suspension of 3 sections under the Insolvency and Bankruptcy Code which will not take into account any debt defaults after 25th March, the day since national lockdown was announced. The moratorium period is currently 6 months with a further extension not more than one year awaited in the near future.

– Forex reserves keep climbing

The RBI on Friday announced forex reserves in the country for the week ended on 29th May surged to it’s all-time high of ~$493 billion. The reserves which are the backbone of the country in uncertain times like these saw an increase of ~$3.4 billion in the mentioned week. One of the key drivers of the recently heightened forex reserves was the lower cost of oil, a major expense on the forex front

Nifty at glance

nifty 1

Nifty 2

Mutual Fund news:

Mirae Asset Mutual Fund has launched Mirae Asset Arbitrage fund on 3rd June 2020 and the NFO will be open till 12th June 2020.

Outlook:

Going ahead, the flow of liquidity in the Indian markets will give hint of a possible long term direction. The markets will focus on the US Fed interest rate decision, IIP for April and inflation data for May among few data point to be released next week.

Finsight 1st June to 5th June 2020

Finsight fisdom

Indian Equity Markets ended on a positive note for the week. Nifty was up 6.0% and Sensex by 5.7% respectively.

Weekly Capsule

– Q4 GDP numbers show buoyancy

The GDP data for the quarter ended on 31st March was published on Friday by the NSO. The GDP grew by 3.1% even with lockdown restrictions taking away half of the March month and taking the FY 20 tally to 4.2%. The data can be disheartening if looked at in isolation, but compared to developed countries like Japan and Italy which saw a contraction in GDP for the same period.

– FDI inflows surge by 14% in FY20, at record level of $50 billion.

On the back of government’s untiring efforts to make India as the new hub to attract foreign investments, the FY20 witnessed a sharp surge in the FDI excluding reinvested earnings by 14% at $50 billion. Including the reinvested earnings, the FDI figure stood at $74 billion. Singapore lead the charge with investments worth $14.7 billion with Mauritius coming second with $8.2 billion in investments.

– FIIs back in action.

The last week witnessed foreign institutional investors emerge as net buyers by a figure ~2 thousand crore more than Domestic Investors. The FII infusion was the key driver for the markets in last week which witnessed a sharp rise by ~6%. The involvement of FIIs also shows that Indian arkets are again becoming attractive for foreign investors even when the country is under the most stringent lockdown since past 2 months.

 

Nifty at glance

Finsight

Finsight 1

Mutual Fund News:

Gopal Agarwal quits DSP Mutual Fund: Veteran fund manager Gopal Agarwal announced his exit from DSP Mutual Fund. The fund manager was managing marquee funds like the DSP Top 100 equity, DSP focus fund and equity investments in hybrid funds like the DSP Equity Savings.

Outlook:

Going ahead in the upcoming week markets will take cues from the ending of lockdown. If the lockdown extends obviously there is going to be increased pressure on financial system and hence impact on the overall stock market reaction. Given that markets are forward looking, all the sector specific ifs and buts have already been factored in the current prices.

India Lockdown: Here’s How Truth Hides in Plain Sight!

india lockdown myway

No task is impossible; no path is difficult; if our resolution is strong. We have to be
dedicated to make ourselves self-reliant.

This magnificent building of self-reliant India will stand on five pillars namely
economy, infrastructure, technology, demography and demand.

– PM Narendra Modi

India Lockdown has been an extremely sensationalised topic for long.

Armchair analysts & social media enthusiasts have taken to sharing their not-as-much-as-two-cents on how the lockdown is going to spell doomsday for the Indian economy and wealth erosion. However, does not seem like many are taking efforts to observe beyond the chaos.

The pandemic, not just the lockdown, will obviously impact world economies. “World” being the keyword – India is not an isolated case. But what really matters is how are economies dealing with the current situation and what is it that is going to help push towards a faster economic recovery.

There is no argument against the fact that the pandemic (including the lockdown) has impacted businesses. Many misconstrue the lockdown as a reason for the economic slump but fail to realise that the lockdown, in fact, has acted as a gunshot wound to an otherwise death-pill in the waiting. The lockdown should be viewed as an act of socially responsible & proactive measure more than an economically painful decision.

As we enter Lockdown 5.0, here is a brief account of how the Indian economy is utilising the time to nurse past wounds and focusing on the nutrition required along with how investors are viewing the progress amidst lockdown.

Lockdown 1.0

lockdown 1.0

Key Measures:

1. Stimulus Package: India announced Rs 1.7-lakh-crore ($22.5 Billion) relief package to take care of poor, workers and those who need immediate help amid the lockdown to combat the coronavirus pandemic.

2. MPC Actions: Reduced the policy rate by 75 basis points to 4.4% and reverse repo rate by 90bps to 4%. CRR reduced by 100 BPS to 3% for all banks

3. LTRO 1.0: Auctions of targeted term repos of up to three years tenor for a total amount of up to Rs 1 trillion (0.7%of GDP)

4. MSF: Under MSF banks can now borrow an additional 3% of NDTL (vs 2% earlier). This will potentially infuse Rs 1.37tn (0.6%of GDP)

5. Moratorium: Moratorium of 3 months on payment of instalments in respect of all term loans outstanding as on March 1, 2020 permitted.

 

Lockdown 2.0

Lockdown 2.0

Key Measures

1. RBI Lower rates: RBI lowered the reverse repo rate by 35 bps to 3.75%.

2. Targeted LTRO 2.0: RBI announced a second targeted LTRO of Rs 50 thousand crore on April 17, with a focus on NBFCs and MFI’s.

3. Refinance facilities: Provide special refinance facilities for a total amount of Rs 50 thousand crore to NABARD, SIDBI and NHB to enable them to meet sectoral credit needs.

4. State Finances: Increasing the state’s ways and means to combat the virus threat by availing advance limit to 60% until end September – providing a temporary help to states

5. Liquidity for Mutual Funds: RBI decided to open a special liquidity facility for mutual funds of Rs 50 thousand crore. Funds availed under the SLF-MF shall be used by banks exclusively for meeting the liquidity requirements of MFs

 

Lockdown 3.0

Lockdown 3.0

 

Key Measures
1. The Asian Infrastructure Investment bank has approved a loan of $500 million to support India’s effort to fight covid-19.

2. 20 Lakh Crore Stimulus Package for Self-Reliant India.

3. Government plans to privatise PSUs in non-strategic sectors and suspend loan defaulttriggered bankruptcy filings for one year and increased minimum threshold to initiate

4. Insolvency threshold upped to 1 Cr from 1 Lakh. Also raised borrowing limits for states for the current fiscal to 5% of GSDP from 3%, given headroom of Rs.4.28 trillion.

 

Lockdown 4.0

Lockdown 4.0

Key Measures

1. RBI cut the repo rate by 40 bps to 4%. Reverse Repo reduced to 3.35% from 3.75%. This rate cut is expected to bring down the lending and deposit rates.

2. Loan moratorium: RBI extended loan moratorium by another three months until August 31. Relief to borrowers and companies those have had dues on working capital.
3. Increase in export credit period to 15 months from 1 year and buttressing EXIM Bank through INR. 15,000 Crore line of credit.

Other Notable Developments During the Lockdown:

1. In the last few weeks, Jio Platforms, which includes RIL’s internet services, has attracted $10.5 billion in investments from top-tier global VCs and PEs, valuing the entity at over $65 billion. This is higher than the valuations of internet economy giants like Zoom ($42 billion), Uber ($35 billion), Twitter ($34 billion), and Airbnb ($26 billion).

2. Indian Pharmaceutical companies was faster clearance for some of the manufacturing units of the Indian Pharmaceutical companies (Lupin, Dr Reddy’s Lab, Strides Pharma, Biocon, Aurobindo Pharma and Natco) by the United States Food and Drugs Administration (USFDA) in the month of April 2020, especially when supply-chain disruptions due to the Covid-19 pandemic were causing drug shortages across the world

3. For the first time in 2020, net inflow form Foreign Portfolio Investors turned positive (INR 11,718 Cr.) in May 2020

 

At A Glance: India in Lockdown; Investors Reinstate Faith as India Prepares For Recovery

Lockdown data myway

Smart investors, globally, are playing the Great Indian Recovery Story with a solid investment plan. Others are choosing to be fence-sitters with no real plan. You know who will win at the end.
You have a choice. What is it going to be?

A Beginner’s Guide to Term Life Insurance

Term life insurance myway

We hear about this type of plan so much on the television with random celebrities giving us advice on how crucial it is to get one, sometimes in the form of Yamraaj and sometimes this nosy friend who is ready to give you random advice. However, the truth is, if you have dependants and regardless what age you are at, term insurance is not just a convenience but a necessity too. But before we get into why is it worth. Let us understand the idea of a term plan.

4 Things You Ought to Know About Term Plans

The term insurance plan offers you a life cover. It is a simple life insurance plan that promises to pay a sum assured if the policyholder dies during the policy period. If he outlives the term there is no maturity benefit.

  1. Since a term plan doesn’t offer any return and only provides risk cover it is less expensive.
  2. The sum assured in the term plan is high. That is possible because it covers the risk, by fulfilling the need for protection.
  3. In term insurance, the nominee receives the sum assured in a lump sum, or in equal instalments or a contribution in case of the death of the person during the policy period.
  4. The policyholder has the option to customize the payment option based on the family needs.iIt can be a lump sum, monthly or combination of both.

Why Choose A Term Plan?

  1. It is the simplest form of life insurance to understand and maintain.
  2. Term insurance is a good idea for people who are building a family i.e. getting married or planning a family.
  3. It costs lesser initially when compared to an endowment plan.

3 Factors to Consider When Taking a Term Plan

  1. Coverage Amount: You need to buy insurance for all the debt. Each time you take a large loan – usually a home loan, sometimes on a personal loan – buy a term cover for the full amount for the loan that you take.
  2. When to get a term plan: Buy as soon as you have dependents or the possibility of getting dependants. Touching thirty is usually a good time to buy the cover. You are old enough to have a good income flow and not that old for covers to be too expensive. The cost of life cover rises exponentially as you age.
  3. How Does it work: Term insurance is the simplest life cover. You pay a premium and in a term, if the policyholder expires, the insurance company provides the cheque to the nominated. If its the long term plan, you will get your cover till your retirement.

Where Can You Get Term Life Insurance?

Simply download MyWay Wealth app. Browse through our insurance section and choose Term Life Insurance to get a life cover in the comfort of simply wherever you are. You can even get a free callback from our insurance experts who will not only help you choose the appropriate policy but also help you make an informed decision.

RBI – To the Rescue; Yet Again!

RBI

Indian benchmark indices fell almost by ~1% this week.

While most media outlets quoted a collective disappointment among markets when the INR 20 Lakh Crore bazooka remained muted on explicit measures pertaining to large corporates and banks like the one-time loan restructuring. However, in our opinion, the market priced in over-exuberantly and the announcement did not quite match expectations (like almost every other time the Ministry of Finance announces measures/reforms)

Key Event of the week:

While investors continued to pray for a ray of hope, RBI’s follow on committee meeting & the decisions made by the committee seemed to contain the downturn – or at least, did not contribute to additional downward pressure.

Since the very inception of the pandemic, like every other Global Central Bank, even RBI did not hold back. With a slew of measures & reformatory announcements it ensured that spirits & economics continued to remain closer to buoyancy than difficulty.

Here’s a brief account of the latest basket of announcements made by the RBI.

Policy rates slashed by 40 bps to 4% and reverse repo by the same quantum to 3.35%.

Simplify: Repo rate is the interest rate at which RBI lends money to banks. The reduction in repo rate means that the banks can borrow money from RBI at cheaper cost and is expected to pass the benefit to their customers/borrowers by reducing the interest rate on their loans.

A lower lending rate typically should translate into an additional influx of liquidity into the economy, albeit given that the transmission happens effectively. The reduction in reverse repo rate makes it unattractive for commercial banks to deposit with RBI and nudge it towards lending. Banks are unwilling to lend and are parking as much as INR. 8.5 lakh crore with RBI, this reduction may lead to marginal increase in lending.

Loan moratorium will be extended by three months till August 31, making it a six-month moratorium.

Impact: Banks had been explicitly lobbying for an incremental 3-month moratorium given the already sluggish credit offtake and as businesses are yet limping towards full operations. The incremental moratorium came in as a mini victory for the bank lobby subject to a similar extension to NPA classification. This is a welcome move even for small businesses and individuals struggling with liquidity amidst the economic slump.

RBI announces special refinance facility of INR.15, 000 crore to SIDBI

Impact: The small industries and development bank of India plays an important role in longterm funding  equirements of small industries. At present, small industries are facing  difficulties in raising money from banks and this extension to SIDBI will help providing cushion to small industries.

Growth Projection by RBI

In the central bank’s own assessment, growth is likely to be negative in FY21 (contrary to the IMF’s last projection of 1.9 percent). According to RBI, even though the lockdown may get lifted by end-May with some restrictions, economic activity even in Q2 may remain subdued due to social distancing measures and the temporary shortage of labour. Recovery in economic activity is expected to begin in Q3 and gain momentum in Q4.

Key Takeaway: In short, RBI is leaving no stone unturned to prop up a sagging economy with lower rates and ease of money flow. It has perhaps done its bit well enough.

Corona Update

Corona Virus Vaccine From Moderna Shows Early Signs of Viral Immune Response: An
experimental vaccine from Moderna Inc. showed promising early signs that it can create an immune-system response in the body that could help fend off the new corona virus, according to sampling of data from a small, first human trial of the inoculation. A vaccine is considered a crucial step toward lifting social-distancing measures and safely reopening economies, schools and events around the globe.

This is not the first case, there were such 11 companies which are working on developing the vaccines and few of them has also cleared the Phase I trial.

Click on below link to read more about the Top 11 vaccine developments in progress:

https://www.mywaywealth.com/top-11-vaccine-developments-in-progress/

Mutual Fund Category Winners this week:

Focus on geographical diversification as the post-covid world will throw selective winners in every country.
It could be a technology company in the US to a staples firm in India, a few will survive and grow and money will chase these few. The below performance chart hints towards the same.

table

Watch this space for our hand-picked strategies on the above themes.

Bottom-line:

While the economy may be in the doldrums, every market throws up winners and this market is no different. Investors first need to cut through the noise, stop focusing on the grim economic indicators and focus on the emerging winners for long term wealth creation.

Finsight (25thMay to 29th May 2020)

finsight

Nifty and Sensex corrected by 1.1% and 1.4% respectively for the week.

Weekly Capsule

– MPC comes out bearing gifts

RBI governor on Friday announced a 40 BPS cut in the repo rate and a 65 BPS cut in the reverse repo rate; this has resulted in an effective 115 BPS rate-cut since the start of nation-wide lockdown which currently is in the 3rd extension. The RBI also announced a further extension on moratorium given to loans of 3 months, taking the tally to 6 months. There has been a hike to the group exposure limit to banks from 25% to 30%, in an aid to crippling businesses.

– Moderna pharma’s data shows vaccine might be coming sooner than the street expectation.

Moderna pharma, a US-based clinical stage biotechnology company published its interim phase-I data for the vaccine candidate against COVID-19. The data includes blood samples of adults between the age 18-55 with a rigorous 43-day screening, the study showed a similar level of antibody generation in these adults as those seen in the people who has recovered from COVID19.

– US tightens the screw against China.

The United States resumed their trade war with China, this time taking solid steps and not just restricting to words. The move included blacklisting of 33 Chinese manufacturing companies which are source of majority of the government revenue from foreign lands being used as a military budget for the country. The move comes in mainly against the companies involved in data mining by the use of AI and facial recognition.

Nifty at glance

nifty

nifty details

Mutual Fund News:

Aditya Birla SL AMC Suspends fresh inflows in 2 of its debt funds: Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh subscriptions and switch-in applications in Aditya Birla Sun Life Medium Term Plan and Aditya Birla Sun Life Credit Risk Fund. The move comes in to as a precautionary measure to safeguard the probable gains which existing investors will receive in the coming months, mainly from written-off papers of IL&FS which will be repaid partially in the coming months.

Outlook:

The markets have factored in the merits and demerits of fiscal and monetary stimulus announced by government and the RBI. The focus will be more upon the reopening of economy in India and rest of the world. Higher capacity utilisation and normalcy in general public behaviour will add comfort to the market. The tightening of geopolitical tensions between the USA and China would also be among the key developments to watch out along with spread of Covid-19.

Top 11 Vaccine Developments in Progress

MyWay 2nd Image [Vaccine infographics]-07-07

Tools To Use On MyWay Wealth for Personal Finance

Blog Post_MyWay [Useful Tools]

Useful Tools To Use On MyWay Wealth App for Personal Finance

 

MyWay Wealth is a state-of-the-art, user-friendly and intuitive platform for all your mutual fund investments. It is easy to use and comes loaded with features and tools that help you to plan and make better investment decisions without any hassles. Here are some of the major tools and features that MyWay Wealth features, so that you can invest conveniently.

Financial Health Checker: Diagnose Your Finance, on Your Own

myway wealth

Just as you need a medical check-up regularly, a  diagnosis of your financial health is required, but is, unfortunately, more than often ignored. On this app, it takes only a few minutes to evaluate the elements your financial health that needs to be taken care of.

How Does the Financial Health Checker Work?

It is extremely easy to use and all that needs to be done is answer a few simple questions within this tool, to get your detailed financial health report. The report will give you not only the state of your finances but also suggest the next step to be taken to ensure that particular aspect of your financial health is treated in time.

Build Wealth Tool: Choose Your Investment Amount to Know Your Projected Wealth

myway wealth

You have set an amount for investment in mutual funds in your mind but you have no idea how much are you going to get in return, over a point of time. MyWay Wealth’s Build Wealth Tool does that projection for you.

How Does Build Wealth Tool Work?

This highly simple-to-use tool asks for your choice of investment  (SIP or one-time) and the amount that you plan to invest. Within seconds it projects your return based on time of investment. You can even choose the percentage of stocks and bonds you want to divide your mutual fund investment in and decide how much risk you are comfortable with.

Smart Recommendation Engine: A.I. Powered Built-in Mutual Fund Smart Selections 

The whole app is built on an engine that runs on an AI, to give you recommendations for plans that are best suited for your financial portfolio.

How Does The Smart Recommendation Engine Work?

This engine is built on an artificial intelligence algorithm that has been created through years of accumulated data and research, in the mutual fund market by financial experts and is intuitive enough to suggest the best plans that are suited for your financial history.

myway wealth

Save For A Goal: Mutual fund Recommendations Based on Your Chosen Financial Goal

If you have a long-term financial goal that you need to save up for, you need to know the amount of investment needed to be made for you to be able to afford that goal. MyWay Wealth’s Save For A Goal tool allows you to know the amount required to be invested and plan your investment accordingly.

How Does The Save For A Goal Tool Work?

It takes a matter of seconds to select your goal on this tool and it will not only project the amount that you need to save for your goal but the amount of investment that is necessary to be made. You can also toggle with your risk appetite and plan your investment to save your particular goal.

Tax Calculator: Calculate Your Tax Liability Based on Your Own Financial Portfolio

myway wealth

This tool takes care of the overwhelming task of calculating your income tax liability for the fiscal year based on certain information that you provide.

How Does The Tax Calculator Tool Work?

The tool asks you a few basic questions and calculates your income tax liability for that year. It conveniently asks for your income and investment details to give you the complete picture of TDS. It also gives you the customised investment option to save on the remaining taxable amount in your income. 

Note: The estimated projected tax liability of this tool is as accurate as the information provided by you.

 

Risk Analyzer: Get Plans Suiting Your Risk Tolerance in Mutual Fund Investing

myway wealth

Before you invest in mutual funds, it is essential to understand what kind of risk appetite can you handle. This tool allows you to figure out whether you are high, medium or low-risk investor based on which you can choose the plan.

How Does the Risk Analyzer Tool Work?

This tool asks a few questions about your financial history such as your liabilities and appetite for investment and projects the type of investor you are. This further allows this tool to show plans for investment that are suitable for your financial portfolio. 

Now that you know that our app can do more than provide you, investment options, it’s time to download the app and use it to its fullest potential.

 

Lessons for Investing to Learn from Irrfan Khan Movies

lessons to learn

The world lost Sahabzade Irrfan Ali Khan on 29 April 2020, a human more precious than Gold, on cinema and perhaps Titanium, when it comes to being a human. He was a good man, who proved that you could portray being the Indian Macbeth and an unflinching entrepreneur of a prehistoric theme park in a large filmography cut down suddenly with mortality. He had valuable lessons to teach, both off and on-screen with humility being at its forefront. However, he has also done some movies with very practical lessons in the world of investments. 

Top 4 Important Lessons for Investors to Learn from Irrfan Khan Movies

While it may be an odd observation, you will have enough proof by the time you complete reading this:

1. Be Patient For Good Returns: The unconventional and unconditional of love stories, Lunchbox is one of his best performances as a common man in India. His character waited actively to understand an absolute stranger remaining completely invested with the utmost patience. Blackmail, on the other hand, taught us the same lesson in the form of a black comedy but with a different perspective: how hasty decisions in finance can lead you nowhere but distress.

lunchbox

2. Choose Investment options with a long-term foresight: In Jurassic World, he literally portrayed an entrepreneur/investor, very passionate and optimistic about his investment. While that is indeed a lesson too we are concentrating on the aspect of him having the long-term vision of choosing the right people to invest in, for the park (who ultimately help save a lot of people) even though he died a brave death in the movie. The other movies with the same lesson have been repeated in the movie franchise Hindi Medium and Angrezi Medium in the form of family.

know your finances

3. Not all investments are special, but special investments can come from anywhere:  Paan Singh Tomar and Slumdog Millionaire in plot taught at least some of us, that it does not matter where we come from to do special things or make the right moves in investments. So when you are investing in an SIP as low as say Rs.100 in the mutual fund market, do not underestimate its eventual worth.

know your finances fisdom

4. You can be the most intelligent investor in the room, without making a noise: His characters in Piku, Life of Pi and Billu Barber, taught us that faith and perseverance is the key to unlocking successful investments but not make a hue and cry about it. In all walks of life, humility works longer and wondrously, likewise. The right investments will always yield good returns as long as there is stable growth is another lesson we can learn especially from Piku.

know your finances fisdom

In fact, Irrfan Khan is the perfect example of a great investment in the form of an actor, undeniable with his work in his country and beyond. We will miss his presence in our lives deeply but the lessons that he teaches us from being a good man to being one of the most influential people in India will stand as factual and not fiction.

Millennials and Investing in Gold

Millennials & investing in gold-08

The word millennial crops up in most contexts of the anguish to explain ‘Generation Y’, as they were earlier referred to as a bunch of people born post the baby boomer years who are significantly more sensitive and sensitized to the world around them and are being either too insensitive towards social norms and ideas being followed for generations. 

Millennials have often been considered to be the laziest and careless generation ever born because while the generations before the Millennials were hard-working and comparatively more sincere, they believed that ‘Necessity is the mother of invention’ which is very far from the truth. Millennials recognized very early in their lives that ‘laziness is the mother of invention’ in reality and that everything today is invented because we just do not want to take the extra-pain of practical choices.

While a lot of people see this as an adversary effect on humankind, millennials are indeed more sensitive, open-minded, and experimental when it comes to new ideas and implementation of new ideas. One such proof is their re-inventing gold as a currency, but increasing the access to it through information technology and innovation.

Gold is truly a millennials choice for investment

As a millennial, it cannot be denied that we want more than we have because we almost get what we want in today’s world. But gold still remains to be one of the rarest metals in the planet often believed by scientists and their theory that large amounts of gold in the form of an asteroid entered the Earth’s atmosphere, scattering itself across the World long long time ago. While a lot of skeptics find it hard to believe, people acquainted with the fictitious metal ‘vibranium’ may be aware that fictitious Wakandans found this invincible and almost magical metal in a similar fashion.

While gold will not turn you into a superhero with the feels of a wild feline, it surely is associated with wealth because it never loses value and keeps getting more precious instead. Unlike titanium or platinum which can draw parallels with adamantium from the character Wolverine being far stronger, the rarity of gold makes it worth a lot more. But why is it convenient for millennials again? 

Gold is now available to be purchased digitally, both for investment or just buying it for your wedding. Yes, on our app, you can literally buy gold for investment or for someone’s wedding and save over some time. A lot of millennials who are beyond the exuberance of gold invest in gold mutual funds as their choice of investment because never has gold been deprived of its financial value over time. Yes, there are even Gold ETFs and Gold futures available as a golden investment opportunity but as a Millennial, you would choose the most convenient option being Digital Gold. Also, the super-secretive visits to buy Gold from a store and then having to take it to the bank locker for the fear of being robbed is also taken care of with Digital Gold. Digital Gold on our app comes with a free locker from MMTC- PAMP who guarantee the safety of a Millennials Gold. 

Millennials are a more educated bunch of individuals and they want the best in everything including MMTC-PAMP’s assurance of the 99.99% purity of the 24K Digital Gold. Hence, Digital Gold is truly a millennials choice of investment because Vibranium and adamantium do not exist in reality and of course all the other reasons that make Digital Gold more convenient to invest in.

“ Digital Gold, Forever”