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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...

RBI and WHO advised adopting contactless payments

Coronavirus, which originated from China has spread almost all over the world today. Several countries of the world, including India, have declared coronavirus an epidemic. The World Health Organization (WHO) has issued guidelines for the prevention of coronaviruses. Many countries have also issued separate guidelines for their citizens. It is clearly stated in these guidelines that ordinary people should stay away from the victims and do not touch any such thing, which is prone to spreading the coronavirus or any other type of virus. Meanwhile, many financial experts have also said that to avoid coronavirus, avoid as much as possible from cash transactions. The WHO recommends contactless payments in its guidelines to avoid the risk of spreading the coronavirus. However, the WHO has not unequivocally confirmed that the cash transaction can spread the coronavirus. In a press conference on Monday, Reserve Bank of India (RBI) Governor Shaktikanta Das has also advised pe...

Shares below SBI Card IPO issue price opened amid Corona fears

The initial public offering (IPO) of State Bank of India Card (SBI Card) is also seen as a shadow of coronavirus. SBI Cards' IPO was subscribed nearly 27 times. A bumper listing of the stock was expected.  But on the Bombay Stock Exchange, the IPO closed with a fall of around 13 per cent. Also read:  SBI Cards IPO - Initial Public Offer Detail State Bank of India stocks with a price band of Rs 775 was listed on the BSE at a price of Rs 658. At the same time, it was also listed on the National Stock Exchange at a discount of Rs 661. While experts had expected around 50 per cent listing gain. It is known that till the last day of bidding, the IPO of SBI Card received bids up to 26.5 times. The company had hoped to raise Rs 9,000 to 10,000 crore from this IPO. The bidding process of the IPO closed on March 5 after it opened on March 2nd. SBI Cards & Payment Services had fixed a price band of Rs 750-755 per equity share for the IPO. The face value of o...

Interest on provident fund deposits will be 8.5% in 2019-20

The Employees Provident Fund Organization (EPFO) reduced the interest rate on provident fund deposits to 8.5 per cent for the current financial year 2019-20. This is the lowest level in seven years. EPFO paid 8.65% interest on EPF to its 6 crore members for 2018-19. The decision to reduce interest was made by the Central Board of Trustees (CBT) of EPFO, the apex decision-making body in EPFO. The latest EPFO ​​decision will be sent to the Finance Ministry for approval, as the EPF guarantor is the central government. The Finance Ministry has been insisting on increasing the interest rate of EPF to the same rate as other small savings schemes of the government like PPF and Post Office Savings Schemes. EPF interest rates in the last few years Financial Year Rate of Interest on EPF 2018-19 8.65 % 2017-18 8.55 % 2015-16 8.65 % 2014-15 8.80 % 2014-15 8.75 % 2013-14 8.75 % 2...

Black Friday's world top 5 billionaires suffered the most

On Friday 13 th March 2020, stock market turmoil continues. Sensex fell 2534 points as soon as the market opened. Shortly after the opening of the lower circuit 12 minutes after opening, Saturday was halted. The Sensex dropped 3600 points after the resumption and after a while, the market started recovering. Amidst these ups and downs, many investors suffered huge losses, but D-Mart owner Radhakrishna Dani Ekloute was a billionaire Indian investor for whom the market was positive. On the other hand, Mukesh Ambani, the richest person in the country, was the fifth person to suffer the biggest loss in the world. According to the report, Radhakrishna Damani, the owner of D-Mart supermarket chain, as of Friday had total assets of $ 10.1 billion, or about 74 thousand crores rupees. This year, his assets increased by a total of 3 thousand crores. On the other hand, Ambani's assets registered a 32 per cent tax fall due to crude oil and market turmoil. As of Friday, the tot...

What is & how to work SIP ?

Systematic Investment Plan (SIP) is an investment route offered by  mutual fund s wherein one can invest  a hard and fast  amount  during a  Mutual Fund scheme at regular intervals– say once a month or once  a quarter ,  rather than  making a lump-sum investment. The instalment amount  might be  as little as INR 500 a month and  is analogous  to a recurring deposit. It’s convenient as  you'll  give your bank standing instructions to debit  the quantity  monthly . SIP has been gaining popularity among Indian MF investors,  because it  helps in investing  during a  disciplined manner  without fear  about market volatility and timing the market. Systematic Investment Plans offered by Mutual Funds are easily  the simplest  thanks to  entering  the planet  of investments for the  future .  it's  vital  to invest  for the ...