No Economics Degree? No Problem. A Practical Guide to Forecast Inflation. Inflation forecasting doesn’t have to be a mystery. This note cuts through the complexity with a simple, yet powerful, DIY methodology for the everyday person. By tapping into the predictable seasonal patterns of historical CPI data, you’ll gain a valuable edge in understanding where […]
The Indian home services market is a rapidly growing sector with a total addressable market of around $60 billion in FY2025. This traditionally unorganized industry is undergoing a significant digital transformation, with online platforms gaining traction and offering a superior customer experience. The market’s growth is being driven by urbanization and busier lifestyles, and it […]
We analyze the significant changes introduced by the GST Council to simplify the tax framework and support India’s economic revival. The new GST 2.0 structure, featuring reduced rates on approximately 90% of product categories, is projected to stimulate domestic consumption and positively impact GDP. This document outlines the expected fiscal implications, sectoral beneficiaries, and the […]
As of June 2025, India’s total installed power generation capacity was 485 GW. The overall capacity grew at a CAGR of ~5.6% from fiscal 2014 to 2026 and ~4.5% from fiscal 2019 to 2026. While coal and lignite-based power still accounts for the largest share (~45.7%), Renewable energy, has reached ~234 GW, making up ~48.3% […]
The Indian jewellery market grew at a CAGR of 13%-15% between 2021 and 2024. This growth was significantly higher than that of China (2%-4% CAGR) and the USA (1%-2% CAGR) for the same period. The Indian jewellery market is projected to reach $130-$140 bn by 2029. A key driver of this expansion is the shift […]
As the macro landscape continues to evolve in 2025, investor portfolios can benefit from selective global exposures beyond India. We highlight three global themes drawing strong attention beyond India: 1) Gold Miners for leveraged upside to record gold prices; 2) U.S. 30-Year Treasuries (long bonds) to lock in multi-year-high yields and potential capital gains; 3) Semiconductors to capture the AI-driven tech […]
Investment Charter
2024 HDFC TRU