Most of our interactions nowadays are over digital platforms.. and naturally typos happen. You know what they say right, “To err is human“. More often than not, these typos don’t cause much trouble. But…

Matter of Fact

In 2005, a typing error caused Mizuho Securities Co. to lose at least $225 million on a stock trade. That’s close to ₹1700 crore in current value!! The Japanese investment bank accidentally sold 610,000 shares at 1 yen when it actually intended to sell 1 share at 610,000 yen.

Markets Update

Braving the geopolitical tensions and worsening Covid-19 situation, benchmark indices closed the week in green.

The Big Picture

• Wholesale prices in India declined by 3.1% year-on-year in May 2020, compared with market estimates of a 1.05% fall. This was the steepest drop in wholesale prices since November of 2015
• India’s trade deficit narrowed sharply to $3.15 billion in May 2020 from $15.36 billion in the same month last year. This was below market expectations of $7 billion.
• As of Friday, 12,593 people have died in India due to Covid-19 and more than 3.8 lakh cases have been reported
• Last week, 20 Indian Army personnel including a colonel were martyred in a fierce clash with Chinese troops in the Galwan Valley in eastern Ladakh. According to news reports, at least 43 Chinese soldiers have been seriously injured or killed in the clash

Inside smallcase

smallcases have been rebalanced

Rebalance ensures that the constituents of a smallcase and their weightage continue to appropriately reflect the idea that you invested in. Thematic, strategy-based and sectoral smallcases with a quarterly schedule have been rebalanced on June 18, 2020

Apply the rebalance changes on your existing smallcase to remain aligned with the idea that you believe in.

If you haven’t already invested in a smallcase, this is your chance to add one to your portfolio as they’re freshly rebalanced and ready to work towards the ideas that you believe in.

To know more about rebalancing, read our blog.

Factsheets on smallcases

smallcase Creators spend a considerable amount of their time and intellectual capacity on creating a smallcase that appropriately represents an idea that you might be interested in.

Checkout factsheets of smallcases on the particular smallcases’s page. This easily-downloadable-pdf is like an all-you-need-to-know about the smallcase. Within it, along with all the key points, you will find the rationale/idea behind the smallcase, the methodology used, key data points and some disclosures you might want to be aware of before investing in a smallcase.

All Weather Investing is one of our most popular smallcases. Called the ‘core’ of your portfolio, it is designed to safeguard your portfolio from unforeseen market conditions. Check out the factsheet here.