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1. Your Monthly Stock Market Newsletter THE MARKET BULLETIN August 2023 Investment Strategies Happy Clients Market Updates Rurash Sneak Peak Product Spotlights www.rurashfin.com

2. Your Monthly Stock Market Newsletter Welcome to our August newsletter! We are here to be your guide in the world of money matters. As we step into this fresh month, a wealth of practical insights awaits you, aimed at helping you navigate the intricacies of money management and maximising its potential. From staying abreast of the latest financial news to uncovering shrewd investment strategies, our goal is to empower you with informed choices that could lay the groundwork for a financially secure future. PERSONAL FINANCE & INVESTMENT STRATEGIES Empowering your Financial Independence: The Path through Financial Literacy As India celebrates its 77th year of independence, the month dedicated to this historic occasion resonates with a unique significance: a call for achieving financial independence. While strides have been made in financial inclusion, especially through schemes like Jan Dhan Yojana and Jan Suraksha schemes, a huge gap in financial literacy prevails. Surprisingly, only 27% of Indian adults meet the Reserve Bank of India’s financial literacy standards. This gap becomes even more pronounced when we focus on adult Indian women, where less than one-fourth meet the RBI’s criteria. A Global Perspective: Urgency for Early Financial Education India’s financial literacy rate, at 27%, pales in comparison to the global average of 35%. Contrasting with countries like the United States (57%) and Canada (68%), this disparity underscores the need for early financial education integration. Incorporating financial education into formal education systems and community initiatives can transform the financial trajectory of generations to come. August 2023 2

3. Your Monthly Stock Market Newsletter Closing the Gender Paradox: Women’s Contribution and Dependency This paradox is acutely visible in the lives of women. Despite being active contributors to household finances, a staggering 67% of women remain dependent on men for crucial financial decisions. This incongruity between contribution and decision-making underscores the urgency of tailored financial education that equips women with the skills to command their financial destinies. The well-known saying “Empower a woman, and she will empower her entire family” rings just as true when it comes to the journey towards financial independence through financial literacy. Defining Financial Freedom: More than Dollars and Cents The essence of financial freedom extends beyond mere monetary stability. It is about confidently being able to make financial decisions related to credit card spending, budgeting, retirement planning, investments, tax strategies, and prudent use of digital financial tools. Financial independence encompasses not only earning but also the competence to assert control over your financial trajectory, regardless of circumstances. Bridging the Gap: Financial Inclusion and Insecurity While steps have been taken to improve financial inclusion through coordinated efforts by the Government of India, microfinance institutions (MFIs), and NGOs, financial insecurity continues to haunt Indian households. As per a recent survey, nearly 69% of households still wrestle with financial vulnerability in terms of money management. This scenario underscores the critical role of financial literacy in transforming access to financial services into effective utilisation. The survey also casts light on low investment inclinations among Indian households. While only 22% of households embrace investments such as stocks, mutual funds, Unit Linked Insurance Plans (ULIPs), and physical assets, a preference for property/land investments prevails at 18%. Mutual funds (6%), the stock market (3%), and ULIPs (3%) also feature in this dynamic landscape. Even though this may seem to be a considerably small percentage, these investment choices reflect a spectrum of financial aspirations and risk profiles, thus a hint of growing financial independence. Having said that, there’s still a long way to go. In addition to efforts made by regulatory bodies, financial institutions and the government, achieving genuine financial independence also requires action at the individual level. Let’s explore a few straightforward steps that each of us can take to work towards attaining financial freedom. August 2023 3

4. Your Monthly Stock Market Newsletter Unlocking Financial Empowerment: A Comprehensive Approach 1 4 Building Budgeting Brilliance Crafting a Retirement Roadmap Effective financial management starts with smart budgeting. From figuring out how to use your money wisely to tracking where it goes, understanding budgeting empowers you to handle your finances with confidence. Planning for retirement goes beyond saving money. It means setting strong retirement goals, exploring various ways to invest for your later years, and making informed decisions that ensure a comfortable retirement. 2 5 Investing with Confidence Digital Financial Literacy Investing your money doesn’t have to be overwhelming. Through comprehensive financial education, you can break down investment choices, understand risks, and learn strategies for growing your wealth over the long term. Also when considering investment options, don’t limit yourself to the usual choices of stocks, bonds and mutual funds. Rurash Financials can help you with alternative avenues that can diversify your investment portfolio. In understanding online prudently is crucial. Acquiring digital financial equips individuals with the skills to navigate digital transactions safely and seize the convenience they offer. today’s digital and age, using services financial literacy 3 6 Mastering Debt Management Early Financial Education Knowing how to manage debt is a vital skill. This involves understanding how interest works, adopting responsible ways to pay back what you owe, and avoiding the pitfalls of accumulating too much debt. Just as we teach maths and language, early financial education lays the foundation for a secure financial future. Integrating financial education into school curricula and community initiatives cultivates a generation adept at making informed financial decisions. Every choice, no matter how small, is a pivotal step toward achieving financial independence. But embarking on these steps might sometimes feel overwhelming, leaving you uncertain about where to start. During such times, seeking help from financial experts can be your guiding light and provide you insights, strategies, and personalised advice on achieving your financial freedom. At Rurash financials we understand that this journey requires smart choices and strategic investments. Thus, we present an exceptional gateway to investment in India, serving as a significant step towards your financial empowerment. We offer a comprehensive spectrum of financial products and services, all conveniently accessible under one roof. From unlisted equity to alternative investment funds, we provide a diverse range of options that cater to various investment preferences and risk profiles. To know more, connect with us today or write to invest@rurashfin.com August 2023 4

5. Your Monthly Stock Market Newsletter Long-term investment strategies for different risk profiles Investing is a journey, and like any journey, having a roadmap is crucial. But not all maps are the same: they should be customised to fit your unique preferences and comfort zones. This holds especially true for long-term investment strategies. Whether you are a risk-taker, a moderate player, or someone who prefers a cautious approach, we understand that your investment journey is personal. That is why we are here to guide you in building long-term investment strategies that align perfectly with your risk profile. At the heart of every investment decision is the risk-reward trade-off. Some investors thrive on the adrenaline of high-risk, high-reward opportunities, while others prefer the tranquillity of steady and stable returns. Our approach is to help you find the sweet spot – the balance between risk and reward that resonates with you. For the Adventurous Souls: High Risk, High Reward If you are willing to take calculated risks in pursuit of substantial rewards, we have got your back. Our experts specialise in identifying opportunities in dynamic markets and industries. We will work with you to construct an investment strategy that embraces growth stocks, alternative assets, and ventures that have the potential to generate impressive returns over the long haul. Preserving Capital: Low Risk, Steady Returns For those who prioritise capital preservation and steady income generation, we understand the value of security. Our investment strategies for conservative risk profiles prioritise assets like bonds, stable dividend-paying stocks, and other instruments that offer reliable returns over time. The objective here is to ensure your investments remain resilient in the face of market fluctuations. The Prudent Middle Path: Moderate Risk Moderation often holds the key to consistent growth. If you prefer to maintain a balanced approach, seeking growth without venturing into extremely high-risk territory, we have got strategies designed just for you. Our portfolio diversification techniques and focus on well-established companies aim to provide steady progress while acknowledging the need for some level of risk management. Your Journey, Your Strategy Investment strategies aren’t one-size-fits-all solutions. Your risk profile, financial goals, and comfort level are unique to you. Our commitment is to collaborate closely with you, understand your aspirations, and tailor strategies that reflect your personality as an investor. Beyond the numbers, our aim is to provide you with peace of mind. We understand that investing can feel overwhelming at times, especially when considering long-term commitments. That is why we at Rurash Financials, do not just have financial experts but partners in your financial journey. We are here to answer your questions, address your concerns, and ensure you stay informed and confident every step of the way. To know more, connect with us today or write to invest@rurashfin.com August 2023 5

6. Your Monthly Stock Market Newsletter MARKET UPDATES Alternative Investments on the Rise: Expanding the Horizons According to SEBI estimates, fund managers overseeing Alternative Investment Funds (AIFs) have witnessed a significant rise in capital inflows, surpassing Rs 7 lakh crore in 2022, up from less than Rs 4.5 lakh crore just two years prior. This upward trajectory showcases the growing appetite for alternative investment options among investors in India. With nearly 72,000 individual commitments made to AIFs, the shift towards alternative investments is evident. However, what sets the Indian alternative investment landscape apart is its unique structure compared to its global counterparts. AIFs in India are largely built on the foundation of retail, High Net Worth Individuals (HNIs), and Ultra-HNIs, unlike global AIFs that have traditionally been founded on institutional money. property, commodities, and tangible assets. One of the key characteristics of alternative investments is their ability to offer diversification in investment portfolios, acting as a hedge against movements in traditional asset classes. Rapid Growth and Regulatory Evolution Notably, a substantial portion of funds raised today originates from domestic capital, signifying a paradigm shift. Around a decade ago, the majority of capital was sourced from offshore, but today, nearly 80-90 percent of funds raised are from domestic sources. India’s alternative investment industry, previously dominated by fixed deposits, gold, and mutual funds, has witnessed significant regulatory changes in recent years. The introduction of the Alternative Investment Funds (AIF) regulation by SEBI in 2012 marked a pivotal moment. This regulation aimed to bring all investment funds under SEBI’s regulatory oversight, paving the way for the rise of venture capital funds, private equity funds, and hedge funds in India. This shift is crucial, as domestic investor confidence is pivotal to attracting offshore investments. The increased participation of India’s Tier 2+ cities, with their family and generational wealth, has played a pivotal role in nurturing the startup ecosystem and supporting the growth of alternative investments. The Indian alternatives industry has exhibited rapid growth, boasting a Compound Annual Growth Rate (CAGR) of over 30 percent over the past 4-5 years. This impressive growth places India among the fastest-growing markets for alternative assets globally. The emergence of the Buyout Strategy has been a key driver of this expansion, with acquisitions of controlling interests in companies playing a significant role in post-2015 Indian PE/VC investments. Understanding Alternative Investments Alternative investments encompass a diverse range of financial assets that deviate from traditional categories like stocks, bonds, and cash. This includes private equity, venture capital, hedge funds, real August 2023 6

7. Your Monthly Stock Market Newsletter Domestic Confidence and the AIF Ecosystem Government Initiatives and Investment Climate The flourishing AIF ecosystem in India owes much of its success to the growing faith of domestic investors. For any industry to thrive, domestic capital must express faith in its long-term potential. This belief trickles down, influencing offshore investors and strengthening the industry’s foundation. The emergence of family wealth from India’s Tier 2+ cities has significantly contributed to wealth creation within the startup ecosystem, further bolstering the alternative investment landscape. The Indian government’s focus on enhancing the ease of doing business has positively impacted the buyout landscape. Measures such as the Insolvency and Bankruptcy Code (IBC), corporate tax reforms, Goods and Services Tax (GST), and streamlining labour codes have streamlined the investment environment. Liberalisation of the Foreign Direct Investment (FDI) regime across various sectors has also positioned India as an attractive destination for global investments. In line with these initiatives, policies like Make in India, Production-Linked Incentive (PLI) schemes, Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (InvITs) have drawn significant global capital to India’s shores. Challenges and Opportunities Ahead Despite the impressive growth of the AIF ecosystem, challenges persist. Distribution in India remains a complex and expensive endeavour. While many alternative funds are currently being pushed into the market, experts believe that a shift towards a long- term pull strategy is vital for their sustainable success. Regulatory interventions and changes in distribution fees are expected to play a role in reshaping the distribution landscape for these alternative funds. In the pursuit of achieving a 5 trillion-dollar GDP by 2025, alternative investments and the innovation economy are expected to contribute significantly. The government’s commitment to enhancing the investment climate, coupled with a shift in investment strategies and growing domestic investor confidence, paints a promising picture for the future of alternative investments in India. Connect now to know more about, Alternative Investment Funds in India At Rurash Financials, we believe in providing a risk-reward spectrum that is tailored to your needs, enabling you to build wealth and create a legacy that lasts for generations to come. Our team of AIF experts is dedicated to putting investors first and providing transparency-focused portfolios that prioritise long-term growth. To know more, contact us today or write to us at aif@rurashfin.com August 2023 7

8. Your Monthly Stock Market Newsletter REITs: A Smart Way to Enter the Real Estate Market Investing in real estate has always been a favoured choice among Indians due to the perceived value appreciation that comes with it. However, soaring real estate prices across different cities and regions have created a barrier for small retail buyers to enter this market. Enter Real Estate Investment Trusts (REITs), a relatively new concept in India that opens up avenues for retail investors to access the real estate market in a more accessible and regulated manner. • Secondly, investors also benefit from capital appreciation potential, as REITs act as high- dividend stocks with growth potential through factors like vacant space lease-up, rental escalations, and rental reversions. The Securities and Exchange Board of India (SEBI) introduced the draft REIT regulations in 2007, aiming to create a structured platform for real estate investment. After several revisions, the Real Estate Investment Trusts Regulations, 2014 (REIT Regulations) were enacted on September 26, 2014. The listing of Embassy Office Parks in April 2019 marked the debut of REITs in India. Since then, Mindspace Business Parks REIT, Brookfield India Real Estate REIT, and Nexus Select Trust REIT have followed suit. More prominent players in the real estate sector are expected to launch REITs soon. The Power of Reits for Retail Investors REITs offer retail investors exposure to Grade A commercial real estate in a liquid, transparent, and highly regulated format. They bring two distinct advantages to investors: • Firstly, REITs are obligated to distribute at least 90% of their net distributable cash flows to unit holders, ensuring regular income. August 2023 August 2023 8 8

9. Your Monthly Stock Market Newsletter Embracing REITs: The NRI Advantage Collectively, the four REITs in India hold an equity market capitalization of about Rs 73,000 crore and encompass a staggering 105 million square feet of commercial space, spanning both office and retail sectors. Impressively, distributions by Indian REITs have crossed Rs 12,000 crore since 2019, surpassing the combined dividends distributed by the entire Nifty Realty Index. For NRIs, REITs offer a strategic approach to investing in the Indian real estate market. The geographical barrier often makes direct property ownership challenging for NRIs due to management and oversight concerns. REITs provide an opportunity to harness the real estate potential while leaving the operational complexities to professionals. Furthermore, the liquidity of REIT units enables NRIs to enter and exit the market more conveniently, without being tied to physical assets. Investor Inclusivity REITs are designed to cater to a wide spectrum of investors. This includes domestic investors, foreign portfolio investors (FPIs), retail investors, and institutional investors. The absence of a minimum trading lot size makes it easy for even small investors to participate. Purchasing REIT units is as straightforward as buying shares in a listed company, done through a demat account. Units can be freely traded on major stock exchanges, NSE and BSE, either online or through brokers. Investors can acquire REIT units through IPO participation or the open market. Advantages of REITs • Diversification REITs allow investors to diversify their portfolio by adding real estate assets without having to invest in physical properties directly. • Liquidity Unlike traditional real estate investments, REITs offer high liquidity as units can be traded on stock exchanges. • Regular Income The mandatory distribution of a significant portion of income ensures regular dividend payouts. • Transparency REITs operate in a regulated environment, providing investors with transparency and accountability. At Rurash Financials, our experts are committed to helping you in making intelligent investment decisions. To understand more about investments such as REITs, connect with us today or write to invest@rurashfin.com August 2023 9

10. Your Monthly Stock Market Newsletter Often, we find our funds languishing in our bank accounts, earning minimal interest. Wouldn’t it be great if there was an uncomplicated way to make your money work harder for you? Well, there is – introducing Auto-Sweep Fixed Deposits (FDs). Auto Sweep-In Fixed Deposits: An Intelligent Way to Earn More Rs. 30,000. Any amount beyond this mark gets directed into an FD. If your regular savings account would earn you around Rs. 2,000 (at 4%) on your monthly income, Auto-Sweep FDs rewrite the script. With Rs. 20,000 being converted into an FD at 8%, you pocket around Rs. 1,600. Plus, the remaining Rs. 30,000 in your savings account adds another Rs. 1,200 (at 4%). The grand total? A handsome Rs. 2,800 in interest earnings – that’s an extra Rs. 800 compared to a standard savings account. Understanding Auto-Sweep FDs In simple terms, Auto-Sweep FDs are your financial growth partners. Just like regular Fixed Deposits, they offer higher interest rates, typically around 7% to 8%. Flexible Withdrawals Picture this: you need to withdraw Rs. 40,000. The system taps into the Rs. 30,000 in your savings account first. And for the remaining Rs. 10,000, it draws from your Auto-Sweep FD. This ensures you can access your funds conveniently, all while continuing to earn a generous 8% interest on the Rs. 10,000 parked in your FD. But here’s the kicker: any surplus funds in your savings account, exceeding a certain threshold, are automatically converted into an FD. The beauty of it? You can access this FD whenever needed, ensuring your funds remain accessible. Auto-Sweep vs. Traditional FDs What sets Auto-Sweep FDs apart is the sheer convenience they bring to the table. With Auto- Sweep FDs, you set it up once, and the system does the rest. Whenever your account balance crosses the threshold, the excess funds are seamlessly converted into an FD. No more remembering to manually convert, and no missed opportunities. Tax Matters The interest earned from Auto-Sweep FDs is treated just like a regular FD. The bank applies a 10% TDS, reflected in your Income Tax Return (ITR). Tax treatment here is similar to standard FDs, with a slight twist. While the interest on a savings account has a deduction of Rs. 10,000, the entire interest earned from FDs is taxable at your applicable slab rate. Despite this, the potential for higher earnings with Auto-Sweep FDs remains an enticing proposition. On the flip side, in a conventional FD setup, you have to initiate the conversion every time, which can be a great hassle. Auto Sweep-In FDs are like your money’s little helpers, making sure it earns more without any trouble. They are simple, they are smart, and they are here to give your money the boost it deserves. Boosting Your Earnings with Auto Sweep-in Now, let’s talk about the real game-changer: the increased earnings. Imagine you set your threshold at Recognizing the importance of securing investments and diversifying income streams, we at Rurash Financials are here for you. Explore our extensive range of Fixed Deposits and Bonds, designed to provide you with reliable and steady returns. To know more about fixed-income instruments, contact us today or write to fixedincome@rurashfin.com August 2023 10

11. Your Monthly Stock Market Newsletter PRODUCT SPOTLIGHTS SEAMLESS FUNDS : Exploring the Benefits of Loan Against Securities In our fast-paced lives, where everything is accessible with just a few taps on a smartphone, that comfort and convenience have become an intrinsic part of our choices. From ordering food to hailing a cab, our lives have been transformed by the promise of swift and hassle-free services. The Basics of Loan Against Securities This expectation extends to our financial decisions as well. When faced with unexpected financial challenges like medical emergencies or impromptu vacations, we tend to resort to unsecured loans or credit cards. Sometimes, in dire situations, we even liquidate our long-term investments in mutual funds and shares, often at a loss, sacrificing or postponing our financial goals. A Loan Against Securities is a secured loan where you pledge your financial securities as collateral. The list of approved securities includes a comprehensive range of options – over 800, to be precise. But what if there was a smarter way? A way to access funds without compromising your long-term goals, a way that wouldn’t require you to sell your investments, and a way that promises quick, secured financing? This loan operates as an overdraft facility, granting you the freedom to use the funds whenever you need them. The best part? You continue to earn interest, dividends, and bonuses on your pledged securities throughout the loan term. Consider this scenario: You find yourself in a financial crunch, but you own a portfolio of investments that you don’t want to liquidate. A Loan Against Securities is your answer. Apply for a loan, access the funds you need, and let your investments keep growing. Moreover, there’s no need to worry about foreclosure or part payments. Welcome to the world of Loan Against Securities (LAS), a financial instrument that empowers you to leverage your investments without letting go of their earning potential. August 2023 11

12. Your Monthly Stock Market Newsletter Benefits that Matter The advantages of Loan Against Securities are manifold: Retain Ownership securities, giving you the flexibility to choose what suits you best. When you opt for a Loan Against Securities, you are not selling your investments. They remain yours, allowing you to continue benefiting from any appreciation. Ease of Repayment No EMIs. You only need to service the interest every month, making repayment hassle-free. Continued Earnings Low Interest, High Savings Even as you use the funds, your investments keep earning for you: interest, dividends, and bonuses continue to accrue. Interest rates as low as 9% mean your financial burden remains manageable. No Prepayment Charges Flexibility and Control You have the freedom to pay off your loan early without any additional costs. Choose the securities you wish to pledge or change in the future. At Rurash we offer a vast list of approved Personal Loans V/S Loan Against Securities Loan Against Securities offers a compelling advantage over personal loans due to their secured nature, lower interest rates, and the ability to retain ownership of investments while accessing funds. It not only provides immediate financial support but also aligns well with long- term financial goals. With flexibility in repayment, potential for higher loan amounts, and continued earnings on pledged securities, LAS stands as a smart choice for individuals seeking swift and cost-effective financing without sacrificing their financial future. August 2023 12

13. Your Monthly Stock Market Newsletter Here’s a comparison table highlighting the advantages of Loan Against Securities (LAS) over a Personal Loan Aspect Personal Loan Loan Against Securities (LAS) Unsecured - No collateral required Secured - Financial securities act as collateral Nature of Loan Generally higher, varies based on credit score Interest Rate Lower interest rates starting from 9% Restricted by creditworthiness Tied to the value of pledged securities, potentially higher amounts Loan Amount Retain ownership, investments keep generating income Ownership of Investments No impact on investments Earnings on Pledged Securities Continue earning dividends, interest, and bonuses Not applicable Fixed EMIs, stringent terms Interest payments only, flexible repayment options Flexibility in Repayment Typically faster due to collateral, around 24 hours Processing Time Longer processing time Prepayment Charges Varies, often applicable Typically no prepayment charges May impact long-term goals Allows maintaining investments, aligns with long-term plans Financial Planning Impact Multiple, but potentially high interest cost Versatile usage, lower interest costs due to collateral Purpose of Loan Extensive documentation, longer approval time Simplified process with focus on pledged securities Application Process At Rurash Financials, we believe in empowering you to make the most of your investments without compromising your financial future. Whether you are facing unexpected expenses or looking to seize new opportunities, your investments can now work for you in more ways than one. It is time to experience a loan that doesn’t hinder your financial growth but accelerates it. To know more about Loan against Securities, contact us today or write to las@rurashfin.com August 2023 13

14. Your Monthly Stock Market Newsletter HAPPY CLIENTS Rakhi Pikle Jaydip Chandera “Incredible service! I had been struggling with converting my Reliance Industries physical shares, valued at over Rs. 5 lakhs, to demat for more than a decade due to critical issues. Rurash resolved it all in less than 8 months. Their professionalism and customer service are exceptional. Special thanks to Mr. Binesh Mestry and Mr. Prasad for their outstanding assistance. Highly recommend Rurash Financial!” “Successfully dematerialized my share certificates with the invaluable assistance of Mr. Nirav Masrani. His cooperation, guidance, and prompt support throughout the process were exceptional. Dematerialization can be intricate, but Mr. Masrani simplified it with precise directions and 24/7 support. His services and staff are truly impressive. I would give him more than 5 stars if possible!” August 2023 14

15. Your Monthly Stock Market Newsletter RURASH SNEAK PEAK The Friendship Day festivities at Rurash Financials transcended mere enjoyment, becoming a powerful testament to the strength of collaboration, mutual respect, and shared objectives. The event served as a heartwarming reminder that the team was more than just colleagues; they were a closely- knit family united by a common mission. The celebration, marked by a vibrant display of camaraderie, underscored the genuine bonds that elevated the workplace beyond its professional facade, filling the office with laughter and a palpable sense of togetherness. August 2023 15

16. Your Monthly Stock Market Newsletter Your Monthly Stock Market Newsletter August 2023 Direct Equity Mutual Funds Startup Investing Dematerialization Services Corporate FDs and Bonds Insurance NRi Investment Services Loan Against Securities Unlisted Equity Private Equity Alternative Investment Funds Rurash Financials Pvt. Ltd. Corporate Office: 15, 2nd Floor, Nirlon House, 254-B, Opp. Sasmira, Dr. Annie Besant Road, Worli, Mumbai - 400030 Regional Office: 605 - 607, B Wing, Mittal Tower, M G Road, Bengaluru - 560001 August 2023 16 www.rurashfin.com