#Kotak Securities vs HDFC Securities | Explore Tumblr posts and blogs

lakheraglobal · 28 days ago

Text

How to Budget for Your First Home in Ahmedabad

Buying your first home in Ahmedabad is an exciting milestone and a significant financial decision that requires careful planning. The city's real estate market is thriving, offering a wide range of options, from budget-friendly apartments to premium villas and gated communities. With its expanding infrastructure, growing job opportunities, and increasing property appreciation, Ahmedabad has become a prime location for homebuyers.

However, without a well-structured budget, buyers may face financial strain due to hidden costs, high loan repayments, and unexpected expenses. To ensure a smooth and stress-free home-buying experience, it is essential to plan your finances wisely, understand market trends, and evaluate all associated costs before making a purchase.

1. Understand Ahmedabad’s Real Estate Market

✔ Property prices vary by locality:

Affordable Areas (₹30-60 lakh): Chandkheda, Naroda, Vastral, New Ranip, Vatva

Mid-Range (₹60 lakh – ₹1.5 crore): Gota, South Bopal, Thaltej, Science City, Shela

Luxury (₹1.5 crore+): Bodakdev, SG Highway, Sindhu Bhavan Road, Ambli, Shilaj

2. Assess Your Financial Readiness

✔ Calculate your income, savings, and liabilities before deciding on a budget. ✔ Maintain a credit score of 750+ for better loan approval and lower interest rates. ✔ Follow the 28/36 rule:

Home loan EMI should not exceed 28% of your monthly income.

Total debt payments (including other loans) should not exceed 36% of your monthly income.

3. Determine Your Home Loan Eligibility

✔ Banks typically offer 80-90% loan-to-value (LTV), so arrange 10-20% as a down payment. ✔ Example: If you earn ₹1 lakh per month, you may qualify for:

Loan Amount: ₹70-80 lakh

EMI: ₹55,000-60,000

Down Payment: ₹15-20 lakh

4. Save for Down Payment & Other Costs

✔ Start saving early using fixed deposits (FDs), mutual funds, or SIPs. ✔ Reduce unnecessary expenses to boost savings. ✔ Utilize bonuses & windfalls to reach your goal faster.

5. Choose the Right Home Loan

✔ Compare interest rates (fixed vs. floating). ✔ Check processing fees & prepayment charges. ✔ Explore PMAY subsidies for first-time buyers. ✔ Top banks offering home loans: SBI, HDFC, ICICI, Axis, Kotak Mahindra.

6. Plan for Future Expenses & Financial Security

✔ Maintain 6-12 months’ worth of emergency savings. ✔ Get home insurance to protect against theft or natural disasters. ✔ Ensure EMIs don’t interfere with long-term financial goals like retirement planning.

Make a Smart Investment

Budgeting wisely ensures a smooth home-buying experience without financial stress.

Need expert guidance? Contact Around Town Realty for personalized property recommendations and financial planning!

0 notes

stockmarketanalysis · 1 year ago

Text

Complete Guide to Exchange-Traded Funds (ETFs): Everything You Need to Know

Exchange-Traded Funds (ETFs) have gained immense popularity in recent years, revolutionizing the way people invest in the stock market. Whether you're a beginner or a seasoned investor, ETFs offer a flexible and cost-effective way to diversify your portfolio. In this guide, we’ll break down everything you need to know about ETFs, with a focus on the Indian stock market, real-world examples, and actionable insights.

What Are Exchange-Traded Funds (ETFs) and Why Should You Care?

ETFs are investment funds that trade on stock exchanges, similar to stocks. These funds pool money from investors to purchase a basket of assets such as stocks, bonds, or commodities. Unlike mutual funds, ETFs can be bought and sold throughout the trading day.

Key Features of ETFs:

Liquidity: You can trade ETFs during market hours, just like stocks.

Diversification: A single ETF gives exposure to multiple securities.

Low Costs: ETFs typically have lower expense ratios compared to mutual funds.

Real-World Example:

In India, the Nifty 50 ETF tracks the Nifty 50 Index, giving investors exposure to 50 of the top companies listed on the National Stock Exchange (NSE).

How Do ETFs Work?

Understanding how ETFs work is essential for making informed decisions. ETFs operate through a creation and redemption mechanism. Large financial institutions, known as authorized participants (APs), create or redeem ETF shares by exchanging them with a basket of underlying assets.

Trading ETFs in India:

ETFs like ICICI Prudential Nifty ETF or SBI ETF Gold are listed on Indian stock exchanges (NSE and BSE).

Investors can trade these ETFs through brokerage platforms like Strike.money, which provides a seamless experience for ETF investments.

Different Types of ETFs: Find What Suits You

The versatility of ETFs is one of their biggest strengths. Depending on your investment goals, you can choose from various types:

1. Equity ETFs

These ETFs invest in stocks and track indices like Nifty 50 or Sensex.

Example: HDFC Sensex ETF.

2. Bond ETFs

Focuses on fixed-income securities, ideal for conservative investors.

Example: Bharat Bond ETF, launched by the Indian government.

3. Commodity ETFs

Invests in commodities like gold or silver.

Example: SBI Gold ETF, a popular choice among Indian investors.

4. Thematic ETFs

These ETFs focus on specific sectors or themes like technology or ESG (Environmental, Social, Governance).

Example: Nippon India ETF Infra BeES, which targets the infrastructure sector.

Advantages of ETFs: Why Are They So Popular?

ETFs have become the go-to investment vehicle for many due to their unique advantages.

1. Cost Efficiency

The average expense ratio of ETFs in India is around 0.1% to 0.5%, significantly lower than mutual funds.

Example: Bharat Bond ETF has an expense ratio as low as 0.0005%.

2. Flexibility

Unlike mutual funds, ETFs allow intraday trading, making them ideal for active traders.

3. Tax Efficiency

ETFs are more tax-efficient due to the in-kind creation/redemption process, minimizing capital gains taxes.

Risks of ETFs: What You Need to Watch Out For

Despite their advantages, ETFs are not without risks.

1. Market Risks

ETFs like the Nifty 50 ETF are subject to market fluctuations. If the market falls, so does the ETF's value.

2. Tracking Errors

This occurs when the ETF's performance deviates from its underlying index due to fees or other factors.

Example: Nippon India ETF Nifty BeES may have slight deviations from the Nifty 50 Index.

3. Liquidity Risks

Some niche ETFs may have lower trading volumes, leading to wider bid-ask spreads.

ETFs vs. Mutual Funds: What’s the Difference?

Why Choose ETFs?

For Indian investors, ETFs like Kotak Banking ETF offer a low-cost, flexible alternative to actively managed mutual funds.

How to Start Investing in ETFs?

Starting with ETFs is straightforward, especially with platforms like Strike.money simplifying the process.

Steps to Invest:

Choose a Brokerage: Register with a trading platform like Strike.money.

Research ETFs: Look for ETFs that align with your goals. Example: Motilal Oswal Nasdaq 100 ETF for global exposure.

Place an Order: Buy ETF units just like you would purchase stocks.

Top ETF Providers in India

India’s ETF market is dominated by reputed players offering a range of products:

1. Vanguard ETFs

Globally renowned but less prevalent in India. Offers low-cost, diversified options.

2. BlackRock (iShares)

Known for innovation and extensive global ETF offerings.

3. Domestic Players

SBI Mutual Fund: Popular for its gold and index ETFs.

Nippon India: Offers thematic and sector-focused ETFs.

Real-Life Applications: How Investors Use ETFs

ETFs are versatile tools that cater to various financial needs.

1. Retirement Planning

Investors use ETFs like Bharat Bond ETF for long-term, tax-efficient growth.

2. Income Generation

Dividend ETFs provide regular income, ideal for retirees.

Trends in the Indian ETF Market

The Indian ETF market is evolving rapidly, with several trends emerging:

1. Growth in ESG ETFs

Investors are increasingly focusing on sustainable investing.

Example: Quantum India ESG Equity ETF.

2. Rise of Thematic ETFs

Thematic ETFs focusing on tech, pharma, and EVs are gaining traction.

3. Increasing Retail Participation

According to SEBI, retail investors' participation in ETFs grew by over 50% in the last two years.

Are ETFs Good for Beginners?

Yes, ETFs like the Nifty 50 ETF are ideal for beginners due to their simplicity and low costs.

What Are the Tax Benefits of ETFs in India?

ETFs held for over a year qualify for long-term capital gains tax at 10%.

Why ETFs Might Be Right for You

ETFs offer a cost-effective, flexible, and diverse way to invest. With platforms like Strike.money, starting your ETF journey has never been easier. Whether you're looking for steady income, long-term growth, or sector-specific exposure, ETFs are a versatile tool to meet your financial goals.

Take the first step today—research, plan, and invest in ETFs to build a robust portfolio for the future!

#finance #investing stocks #stock trading #stock #stock market

0 notes

mbamanagementquota · 2 years ago

Text

Management quota in Christ Bangalore| Call@ 9354992359| Direct admission in Christ Bangalore

Aspirants who want to know about the Christ Bangalore Management Quota for direct admissions in Christ University can get in touch with our expert team of experienced MBA counselors at 9354992359. Christ University is a deemed-to-be-university located in Bangalore, India. It is known for offering various undergraduate and postgraduate programs, including MBA. The MBA program at Christ University is highly sought after by students because of its quality education, experienced faculty, and excellent placement opportunities. However, the admission process can be highly competitive, and many students opt for management quota seats to secure a spot.

If you guys are interested in CHRIST Institute and want to get admitted to the college of your dreams and want to know about the full-time MBA program, you may approach us for Christ University direct admissions and Management quota admission in Christ Bangalore. If you need to do any type of conversion, go through this number 9354992359 or you may check our website.

What are Christ Management Quota Seats for MBA?

Christ Management Quota seats for MBA are a certain percentage of seats reserved for students who want to secure admission through the management quota. These seats are usually offered to students who do not have the required scores in entrance exams or meet other eligibility criteria. In simpler terms, management quota seats are a way to gain admission to the Christ University MBA program. Only a good MBA counselor can help you convert your application to admission, so it’s important to get in touch with an expert MBA counselor for the same. You should consult with your MBA counselor regarding direct admission in Christ University Bengaluru also.

Christ Management Quota seats Vs. Regular Seats

The primary difference between Christ Management Quota seats and regular seats is the admission criteria. Regular seats are allotted based on the candidate’s performance in the entrance exam, personal interview, and other eligibility criteria set by the university. On the other hand, management quota seats are reserved for students who are willing to pay a higher fee or donation to the university, even if they do not meet the regular admission criteria.

Another significant difference is the number of seats available. Management quota seats are limited and vary from year to year, whereas regular seats are allotted based on merit and available in more numbers.

Some of the Top Recruiters

382 companies participated in the placement of the college and they are Morphle Labs, Ab InBev, Tekion, Salesforce, ZS Associates, FIS Global, Axis, HDFC, Kotak Mahindra, HIS Market, Bank of Baroda, ICICI, DE Shaw & co., The Royal Bank of Scotland, Mercedes Benz R&D, Citi Bank, IDBI, Union Bank, Vijaya Bank, LOFTBPO Services Pvt.Ltd., Fiserv, Adventist, E- Serve, 6 Pi Consultants Pvt Ltd, Axelle Advisory Service, Ernst & Young, Huntsmen and Baron, Swiss re, Alchemist Ark, Feedback Consulting, Brain Capability Network, Mitcon Consultancy, Bee Management, Eurofins Flagship HR solutions, Smart Analytics, Grow Brands, Hindustan, etc.

Conclusion

Christ (Deemed to be University) College is good and it provides a broader perspective on the area the college is making its golden jubilee of completing 50 years. The college provides a nice campus and hostel area for students with proper management. The education that is taught here will prepare the student for a highly networked and competitive world. The students are taught in experiential ways, practical examples, real-life issues, administrative skills, and inculcation managerial skills. Many students of the college are working for a big and named company on high packages.

If you are interested in getting direct admission in Christ University under Christ Bengaluru management quota seats then, talk to our expert counselor on WhatsApp or call at 9354992359. There are many other good colleges available to you, if you want to know about ISB management quota or direct admission in MDI Gurgaon – contact us.

#direct admission in Christ Bangalore Christ Bangalore direct admission Christ Bangalore management quota Management quota in Christ Bangalo

0 notes

trending-brokers · 3 years ago

Text

How to Investing in Foreign Stocks from India- Best Guide

Investing in foreign stocks from India allows investors to gain exposure to some of the world’s most valuable and well-known firms, including Microsoft, Apple, Google, Tesla, Amazon, Alibaba, and Netflix, as well as traditional companies like Samsung, Saudi Aramco, Visa, LVMH, and Tencent Holdings.

Investing in foreign stocks from India is legal, and you can allocate a reasonable and affordable amount of your portfolio to such stocks to diversify your portfolio. Residents of India are allowed to transmit up to $250,000 every financial year for portfolio investments and other permissible transactions under the Liberalized Remittance Scheme (LRS) of RBI.

Furthermore, the extensive information and good governance requirements of these companies and stock exchanges allow you to comprehend better the investments you have made.

Why should traders invest in foreign stocks?

Before we get started, let’s talk about why you should invest in foreign stocks. Are they superior to Indian firms? First, you must decide why you wish to invest in international companies at this point.

The Indian stock market has around 5,500 businesses listed. Aren’t they sufficient? Furthermore, which is a better investment: Indian or international companies?

We’re not in a position to respond to the second inquiry. However, it won’t be fair if a guy in his twenties sits on his couch and judges these Indian vs. MNC enterprises and decides which is superior.

We’re talking about multibillion-dollar corporations here. Google, Apple, Facebook, Amazon, Samsung, Cisco, Tesla, and other large corporations are far too large to comment. However, these businesses have a lot of cash, highly qualified professionals on staff, and a management team that is a prominent innovator in their field.

In any case, several large Indian firms can compete with numerous global firms. So let me now address the first question: why invest in foreign equities in the first place.

Investing in Foreign Stocks has its Drawbacks

Every coin has two sides to it. So before investing in foreign stocks from India, there are a few things you should know:

Be prepared to pay a lot of money

You’ll be dealing in foreign currencies if you are investing in foreign stocks from India. for example, if you trade stocks in the US, you must pay brokerage fees in US dollars.

As a result, stock brokerages may be slightly higher than those in the Indian stock market. Similarly, compared to domestic accounts, annual/monthly maintenance fees may be greater.

The currency exchange rate has an impact on profits

Currency risk is always there when investing in foreign stocks from India. Let’s look at an example to help us comprehend.

Assume you’re planning to invest in the US stock market. When you acquired the US shares, the currency exchange rate was $1= Rs 68. However, let’s imagine the Indian rupee strengthened the next year, and the currency conversion rate became $1 = Rs 62 when you sold the US stock.

Indian residents can invest only up to $250,000 in foreign markets

An Indian resident individual can only invest up to $250,000 overseas every year, according to the RBI’s regulation in the Liberalised Remittance Scheme (LRS). This amount comes to almost 1.7 crores at the current currency rate of $1= Rs 68. In any case, if you have a family of four, you can invest four times $250,000 for a total of one million dollars. Isn’t that enough money to invest?

What is the best way to invest in international Equities- Modes and Methods

Now that you’ve grasped the fundamentals of investing in foreign stocks from India, here are three easy ways to get started:

Direct Investments

An investor can invest directly in foreign equities by opening an overseas trading account with an Indian broker that has partnered with a foreign broker. However, certain overseas brokers may ask investors to make a minimum deposit, which may increase their capital requirements.

ICICI Direct, HDFC Securities, Kotak Securities, Axis Securities, Reliance Money, and other full-service Indian brokers have partnered with foreign brokers. They’ve made it quite simple to register an account with one of their partner (international) brokers in another country. These full-service brokers can help you invest in international stocks.

Example: If you have an ICICI direct account, you can invest in worldwide markets through their broker partner Interactive Brokers LLC.

Create an account with a foreign brokerage firm

Indian citizens can open accounts with selected international brokerage firms trade in international equities, mutual funds, and other securities.

In reality, some foreign brokerages, like PrimeFin, have access to India, where you may visit, get your questions answered, and open an offshore trading account. It is the best UK-based trading broker, providing trading services in India.

Invest through Modern Trading Apps

Many fintech businesses have introduced smartphone applications that streamline the investment process and enable Indian investors to participate in international stocks.

Invest through LRS Limit

LRS Stands for Liberalized Remittance Scheme. Investments outside India are governed by India’s foreign exchange legislation and rules. However, resident Indians can invest in foreign stocks or bonds through their portfolios under the RBI’s LRS, which allows them to transmit up to $250,000 every financial year for any allowed current or capital account transaction, or a combination of both. The LRS would also cover the Gift City International Financial Services Centre (IFSC) investments.

In addition, LRS is exclusively applicable to Indian citizens. It does not apply to non-resident Indians (NRIs). Hence, NRIs are not restricted by the investment restriction of $250,000 per financial year. Moreover, they have unrestricted access to their abroad assets and can remit up to $1 million every fiscal year from India.

Invest in GIFT city IFSC listed foreign stocks

The India International Exchange Limited (IFSC), also known as India INX, an arm of BSE, and NSE International Exchange, a wholly-owned subsidiary of NSE Ltd., are the two largest international exchanges situated in the IFSC at Gujarat International Finance Tec-City (GIFT City). These stock exchanges provide Indian investors with an international trading platform to invest in overseas stocks.

Invest in Mutual Funds

An investor can also use mutual funds for investing in foreign stocks from India. Traders can invest in either an international or an Indian fund that invests in overseas stocks. Index funds that invest in international indices and others can also be used as a backdoor way to invest in overseas companies.

Investors who don’t have an excellent grasp of the stock market but wish to diversify their portfolios should consider this method of investing in foreign stocks.

0 notes

moneycafe · 4 years ago

Text

SBI Vs IDFC Vs Kotak Vs Axis Vs ICICI Vs HDFC: Check Revised Rates On FD Here

Investment oi-Vipul Das | Published: Monday, May 10, 2021, 11:37 [IST] A Fixed Deposit secures an amount of money for the duration of the deposit. Banks offer depositors the option of investing their money for periods ranging from seven days to ten years against which the concerned bank credits the depositor with the principal and interest amount on the maturity date. It is a financial…

View On WordPress

0 notes

bigyack-com · 5 years ago

Text

After RBI Surprise, Analysts See Room For 50-Bps Rate Cut In Current Cycle

The RBI said it was concerned about inflation in the near termBengaluru: The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision on Thursday, despite a worrying slowdown in the country that prompted the central bank to sharply reduce its economic growth forecast to 5 per cent for the year through March.The central bank acknowledged that it does have room to cut rates further, but said it was concerned about inflation in the near term."The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the committee said in a statement. (Read full MPC statement here)COMMENTARYMadhavi Arora, lead economist, FX and rates, Edelweiss Securities, Mumbai:"We think that this easing pause is temporary. In a situation when growth slowdown looks more entrenched and underlying core inflation has slumped to sub-3.5 per cent amid widening output gap, the monetary accommodation still has further steam for another 50 bps in this rate-cut cycle. That said, we reckon with the RBI that a coordinated policy response both by the government and the RBI is required in the current slowdown cycle.""However, we do realize the policy paradigm has to move beyond rate cuts and conventional fiscal easing. The policymaker should continue to address the problem of credit and business confidence and overall financial stability to break the selective liquidity trap for optimization of the rate transmission."Sunil Rohokale, managing director and CEO, ASK Group, Mumbai:"The RBI should focus on earlier rate-cut transmission aggressively. The wider credit flow from banks, HFCs and NBFCs would be crucial to GDP growth of 5-6 per cent in the next few quarters.""The most distressed sectors like real estate and MSME credit flow is completely frozen and the crisis of confidence is grave.""We cannot dream to have GDP growth of 6 per cent-plus without real estate and MSME sector recovery, which are significant contributors to economy and job creation."Rajani Sinha, chief economist, Knight Frank, Mumbai:"Given the growth concerns, we still feel there are chances of one more rate cut by April 2020.""The RBI's growth projection could still be marginally revised downwards going forward, especially for first-half of 2020-21. Growth has slowed on all quarters - investment, consumption and exports. Hence, the revival is likely to be slow and painful.""Given the poor aggregate demand scenario, I do not see overall inflation posing a serious threat.""There is a need for further fiscal stimulus. In fact, a direct measure like income tax cut will provide immediate boost to consumption. Monetary policy decision could be put on hold if the government comes up with strong fiscal stimulus, as the central bank would be wary of the inflationary impact of the same."Nikhil Gupta, chief economist, Motilal Oswal Financial Services, Mumbai:"Overall, today's status quo increases the credibility of RBI's inflation mandate.""We had always believed that today's cut would be the last rate cut in this cycle. We continue to maintain that there will be no more rate cuts now unless inflation falls back towards 4 per cent."Sudhakar Shanbhag, chief investment officer, Kotak Mahindra Life Insurance Company Limited, Mumbai:"Against an almost consensus market expectation of a rate-cut based on the slowdown seen in growth, the MPC seems to have chosen to focus on its mandate of inflation management and have recognised that the latest CPI print and expected prints over next few months would be higher than their targeted level and also a belief that past rate-cuts will help to support growth with focus on transmission."Upasna Bhardwaj, senior economist, Kotak Mahindra Bank, Mumbai:"It is a surprise, but having said that I think the RBI has preferred to stay cautious because inflation numbers in the near-term seem to be ahead of its medium target.""We continue to see room for 50 bps rate-cut ahead, but we'll have to wait for food price correction to happen before we can start expecting that.""The RBI has slashed its growth rate quite a bit now to 5 per cent. Having said that, we see further downside risk to this growth at this point. We are looking at 4.7 per cent.""The government has very limited fiscal headroom. In terms of big ticket measures, it will be difficult for the government to take measures. They will have to do some small tweaking in terms of rural spending and boost to real estate demand."Siddhartha Sanyal, chief economist and head of research, Bandhan Bank, Kolkata:"This is a pause, but definitely not the end of the easing cycle. The debate in the coming few months will remain between a cut and hold. An accommodative stance doesn't necessarily mean a rate cut in every single monetary policy meeting.""It was a close call this time for the MPC, whether to cut or not to cut rates. Given that there is a bit of pressure currently on headline inflation, RBI opted for a pause.""Going ahead, inflation numbers for the next one or two prints may actually move higher, breaching the 5 per cent mark. Since broader inflation trends are very much under control, I don't think today's pause will be a long-term stance. Once the headline numbers soften - and that should happen relatively soon - it will open up the space for the RBI to deliver more rate cuts."Anagha Deodhar, economist, ICICI Securities, Mumbai:"The MPC's decision to pause is indeed surprising. This review marks a break from past trends as inflation concerns seem to have taken front-seat again.""Although they have stated that there is space for future action, I do not see rates going down by much in FY20 as inflation is expected to inch up sharply from here. The effectiveness of monetary policy in stimulating growth is limited in the current context.""The recent GDP data showed that government spending is the only strong leg of the economy currently. I think the government will let go of the deficit target this year and try to boost growth through increased spending. We could see more sector-specific relief and/or stimulus packages in the coming months.""Fiscal slippage is generally perceived negatively by the MPC. However, in the current context, I think the MPC will be more tolerant of fiscal slippage and continue with accommodative cycle."Rupa Rege Nitsure, group chief economist, L&T Financial Services, Mumbai:"Cumulatively, monetary policymakers have done everything that was expected of them. Their revised projections of GDP and CPI inflation are realistic.""Going ahead, we need more actions from the government - Centre, states and local bodies that will make "spending" and "taxation" more efficient. This is a deep and protracted slowdown and India will witness a gradual recovery rather than a V-shaped recovery given the headwinds in both domestic and global economies."Sakshi Gupta, assistant vice-president, HDFC Bank, Gurugram:"The RBI's decision was a surprise, especially the fact that it was a unanimous decision. In the growth-inflation trade-off, the RBI has clearly leaned towards the latter.""We do not think that the recent inflation spikes are permanent and as food prices stabilise, headline inflation is likely to cool off by the beginning of next fiscal year. More importantly, core inflation momentum continues to remain weak.""Given the outlook on inflation and as RBI stance remains accommodative, we do not think this is the last cut in the current cycle but probably a brief pause. Growth momentum is likely to improve gradually, and therefore, it is likely to warrant further rate cuts."Rajesh Cheruvu, chief investment officer, Validus Wealth, Mumbai:"The MPC unanimously and shockingly left rates unchanged, but maintained accommodative stance against consensus market expectations of 25 bps cut. Given the widening fiscal deficit concerns, G-Sec supply pressure and wider-than-average spreads, we prefer good-quality corporate bonds over G-Secs. Any truce on the trade war and growth positives will benefit short vs long duration, which is our preferred strategy."Jimeet Modi, CEO, Samco Securities, Mumbai:"The RBI has finally thrown the ball back in government's court to revive the economic engine, which has further deteriorated since the last meet. Transmission of interest rates have not happened yet, which could be one of the reasons the RBI waited to cut rates and nudged the government and banks to take efforts from their end. Additionally, slightly higher inflationary tendencies might have also led to the pause in rate cut.""However, this is a negative for the markets as a rate cut was required to boost risk taking appetite in the economy."Darren Awe, Asia economist, Capital Economics, Singapore:"Tentatively, we are pencilling in a 25 bps cut in February. Beyond that, the picture is less clear. A strong recovery in growth in the near term seems unlikely, but there are at least glimmers of stabilisation in the recent data. Although industry continues to struggle, gauges of services activity, consumption and credit growth have all improved a little. And the effect of past monetary and fiscal stimulus should be felt soon. Our base case for now is that the easing cycle will come to an end in February."Kunal Kundu, India economist, Societe Generale, Bengaluru:"While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what was worrying is that the RBI did not announce any unconventional measure aimed at improving the efficacy of its monetary policy actions but rather relied on hope for better transmission of its past actions, despite the fact that the transmission of past actions till date remained rather weak.""We still expect the RBI to cut the policy rate by another 50 bps next year once the low statistical base effect reverses and headline inflation cools.""For the current financial year, aggregate demand situation looks quite grim and given the lack of discernible festival period driven bump in demand, we believe that the economy will just muddle through for the next at least six quarters.""The RBI's downward revision of growth forecast appears prudent. What is a worry though is that the optic of high headline inflation appeared to have taken precedence over a dangerously slowing activity level.""Following today's decision, the onus of spurring growth shifts firmly on the government. We believe that for the time being, the only short term solution is rising public spending in infrastructure that has a much higher employment elasticity and help increase the aggregate demand in the economy." Read the full article

0 notes

shiprarawat-blog · 6 years ago

Text

What Is Mutual Fund?

What Is Mutual Fund? From Basics to End of Mutual Funds. By Wealth Bhai Last updated Aug 13, 2018 255

What is Mutual Fund? Quite simply, a mutual fund is a mediator that brings together a group of people and invests their money in stocks, bonds and other securities.

If investing products contributing items were pastries, mutual funds would be the mixed berry pie. Like a pie, a mutual fund is a gathering of various ingredients, or for this situation, for example, stocks and bonds held inside a single crust, or fund portfolio. When you purchase an offer of a mutual fund, you are basically purchasing a slice of that pie.

Similarly as a good slice of the pie has the same proportion of filling to crust from the entire pie, the same is true for shares of mutual funds. When you buy a mutual fund share, you’re purchasing an allocated offer of all the investments that make up your mutual fund’s pie. So if the store is 6 per cent Apple (ticker: AAPL) and 3 per cent Coca-Cola Co. (KO), your slice will likewise be 6 per cent Apple and 3 per cent Coca-Cola.3

What is an asset management company (AMC)? Asset class can be seen a big basket where all the financial products belonging to that asset class share a common characteristics.

Read More: What are the benefits of investing in a mutual fund? Open end or Close Ended Mutual Funds : One way of classifying mutual funds can be close-ended and open-ended mutual funds. An open-ended mutual fund is open at all time for entry and exit. So one can invest in it anytime and can get out of it anytime. Whereas in a close ended mutual fund, there is a specified entry time and exit time and it comes with a duration. Large Cap, Mid Cap or Small Cap. Top Stocks Held By Fund Managers In Mutual Funds Stocks Market Value (Rs. Cr)

HDFC Bank 46,952.15

Infosys 28,223.67

ICICI Bank 26,860.65

State Bank of India 22,442.21

Larsen & Toubro 19,261.49

ITC 18,968.08

Reliance Industries 16,857.65

Housing Development Finance Corporation 16,785.56

Kotak Mahindra Bank 14,978.44

Maruti Suzuki India 14,814.74

Types of mutual funds: 1. Equity Funds: Equity funds invest most of the money that they gather from investors into equity shares. These are high-risk schemes and investors can also make losses, since most of the money is parked into shares. These types of schemes are suitable for investors with an appetite for risk. Read more articles on Equity Funds.

2. Debt Funds: Debt funds invest most of their money into debt schemes including corporate debt, debt issued by banks, gilts and government securities. These types of funds are suitable for investors who are not willing to take risks. Returns are almost assured in these types of schemes. Read more articles about Debt funds.

3. Balanced funds: Balanced funds invest their money in equity as well as debt. They generally tend to skew the money more into equity than debt. The objective, in the end, is again to earn superior returns. Of course, they might alter their investment pattern based on market conditions. Read More articles on Balanced funds.

4. Money Market Mutual Funds: Money market mutual funds are also called Liquid funds. They invest a bulk of their money in safer short-term instruments like Certificates of Deposit, Treasury and Commercial Paper. Most of the investment is for a smaller duration.

5. Gilt Funds: Gilt Funds are perhaps the most secure instruments that are around. They invest the bulk of their money in government securities. Since they have the backing of the government they are considered the safest mutual fund units around.

Active vs. passive Passively managed funds invest as indicated by a pre-decided technique. They attempt to match the performance of a particular market record, and along these lines require little investment ability. Since these assets require little administration, they will carry lower fees than effectively managed funds.

Effectively managed funds look to beat market indices and convey the potential for greater return than passively managed funds. Be that as it may, they will surely carry greater fees and risk as well.

What are the benefits of investing in a mutual fund?

Professional Money Management Diversification Liquidity Affordability Convenience Flexibility and Variety Low transaction cost Well regulated Transparency Economies of Scale Individual-Oriented Tax benefits on Investment in Mutual Funds : 1) 100% Income Tax exemption on all Mutual Fund dividends.

2) Equity Funds – Short-term capital gains are taxed at 15%. Long-term capital gains are not applicable.

Debt Funds – Short-term capital gains are taxed as per the slab rates applicable to you. Long-term capital gains tax to be lower of – 10% on the capital gains without factoring indexation benefit and 20% on the capital gains after factoring indexation benefit.

3) Open-end funds with equity exposure of more than 65% (Revised from 50% to 65% in Budget 2006) are exempt from the payment of dividend tax for a period of 3 years from 1999-2000.

The downsides to mutual funds: The main disadvantage to mutual funds is that, because the fund is managed, fees will be incurred no matter how the fund performs. Investors have to pay sales charges, annual fees, and other expenses with no guarantee of results. That said, most any method of investment will incur fees without a guarantee of results.

How do I earn money from mutual funds? When you invest in a mutual fund, distributions come from three sources:

Divided payments: When a fund receives dividends or interest on the securities in its portfolio, it distributes a proportional amount of that income to its investors. Capital gain: When a fund sells a security that has gone up in price, this is a capital gain. When a fund sells a security that has gone down in price, this is a capital loss. Most funds distribute any net capital gains to investors annually. Net asset value: When the NAV of a fund increases, it increases the value of your shares. This is similar to when the price of a stock increases; you don’t receive immediate distributions, but your investment’s value is greater, and you will have made money should you decide to sell it. When purchasing shares in a mutual fund, you can choose to receive your distributions directly, or have them reinvested in the fund.

How to Apply for Mutual Funds? If you are an investor who is looking at the much talked about mutual fund SIPs, there are many ways to apply to them. Apart from this, you can also visit directly through the website: www.gfswc.com. Remember, you need to comply with Know Your Customer Requirements before you apply. This is also known as KYC Requirement of Mutual Funds. You can also call 91-8010926281 for mutual funds, that we can provide you with all guidance on how to invest.

#All about mutual fund #Balanced Funds #beat market indices #Benefits of Mutual Fund #Best Financial Advisor in india #best investment company in faridabad

0 notes

globalexpressnews · 7 years ago

Text

FD Rates: Kotak Bank Vs SBI Vs HDFC Bank Vs ICICI Bank Vs Axis Bank

Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. FD interest rates vary according to the tenure of the fixed deposit and across banks. In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to ten years. Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period. Recently,…

View On WordPress

0 notes

mymassiveheartcollectorblog-blog · 7 years ago

Text

Understanding How They Work

Hate bank holidays. How many do we need in a year anyway?

— Kevin Fleming (@kevinho_2) March 28, 2016

No minimum steadiness. No month-to-month charges. Nevertheless, prospects desire doing it themselves with a purpose to avoid paying the registration fees. However, there are nonetheless many individuals who've the funds to realize this dream with the help of Wikipedia house mortgage. Hi there, Are you able to please provide comparison between HDFC vs ICICI vs SBI vs Kotak for there NRE , NRO and FCNR deposits ? If the borrower defaults, the broker turns into owner of the property and can sell it to recoup the defaulted loan. The borrower also needs to possess a bank account which should be at the very least 3 months old. A borrower with no income would due to this fact not qualify. Curiosity on bank savings is an example of mounted earnings. If you need extra interest in your steadiness then it is best to open financial savings account in a private banks because they presents an curiosity price of upto 6% supplied you maintain the minimal balance required. Banks offer curiosity free pupil loans but these also carry in-constructed dangers. As an alternative to the TD Bank Premier Checking offer above, you may apply on-line for a brand new TD Bank Comfort account, which has a a lot lower minimum stability requirement.

My salary is 14000.how a lot residence mortgage I can get? When funds get tight, many individuals hunt down direct payday loan corporations instead of borrowing from associates or family members. When you`re looking for one of the best presents on computerized driving lessons Farnborough, you possibly can easily find them on-line, or by trying out native driving colleges. Find out with my Pay Debt Shortly equipment at http://www.PayDebtQuickly.com! I concern that if we don't start as we speak, as a nation and as buyers, to comply with one other sound bit of advice from George Washington, that we can pay a price far greater in dying, destruction, and economic disruption. In the event you steadily neglect to pay your bills, you are precisely the type of customer that bank card firms are hoping to lure with the credit score playing cards. When you tell somebody in card gross sales that promoting a card to this customer isn’t essentially the most profitable move, they’re not going to care.

There are many advantages of opening an offshore bank account. With there being minimal paperwork or paperwork, an individual purchase to get the money quickly. Bank of America near If you have already got a web site, or weblog you may get in contact with vendors that present associated products that are non-competing. If you wish to get things completed quicker, you should look for clothing stores online as a substitute. A few of US Bank’s premium business packages have more options which you may want on your startup. Bank Programs: Many banks have applications that enable you in constructing a favorable credit score, and you need to use one of them for your individual. This type of loan can be via a bank or by an middleman. One of the components which can be being considered to method your mortgage software program is your credit score historical previous. You can verify daily SGS bond costs right here. In fact borrowers with dangerous credit issues like CCJs, IVA, arrears, defaults in opposition to their title may apply for these loans.

You may also secure short-term loans, SBA loans, and tools financing with Wells Fargo—making its lending program one of the crucial flexible options for small business owners. If you are a first home purchaser you could also be entitled to the first Home House owners Grant (FHOG). Educating kids the concept of paying themselves first by placing a small quantity in savings is crucial. After the required interval, the savings curiosity rate will revert to the traditional fee. Interest The sum paid for borrowing money. Then the rest of our cash goes into the pockets of some bankruptcy attorneys, the IRS and the creditors. We aim to impart our expertise to share with you learn how to create financial wealth in "Make More cash". To see extra information on the top ten best savings account rates and the top ten greatest cash market account charges see savings account rates or cash market account charges.

0 notes

personalfn-blog · 7 years ago

Text

Loan Against Mutual Funds: Should You Avail Of Them?

Operation Blue Ocean is underway.

If you thought it’s some maritime mission, you were completely off target.

HDFC Bank’s business strategy is to sell loan products digitally to the underserved market.

HDFC Bank has been disbursing Rs 1,000 crore worth of loans every month through its digital platform and has plans to grow this portfolio in the future.

Now, the Bank has decided to expand its LAS (Loan Against Securities) portfolio further.

It will soon offer you a loan against your mutual fund holdings.

Yes! You read it right.

HDFC Bank is trying to address your urgent cash requirements. Despite doing all the planning and maintaining a contingency reserve, you could fall short of cash.

What’s the product rationale?

Even if you liquidate your mutual fund investments, barring those in liquid funds, usually it takes 3 days to receive the proceeds. Therefore, you can pledge your mutual fund investments and get a loan in 3 minutes flat, which is treated at par with the overdraft facility received on a current account.

How much will you be able to borrow through this window?

If you are pledging equity-oriented mutual funds, you can choose any amount between Rs 1 lakh and 10 lakh in the permissible multiple.

In the case of debt funds, the amount can be as high as Rs 1 crore.

Depending on the nature of the pledged scheme—equity or debt—you can avail the overdraft facility of 50% and 80% respectively.

How much will this digital loan against mutual funds cost you?

INote that the interest rate on loan against mutual fund units is linked to the MCLR (Marginal Cost of Funds Based Lending Rate). Thus, any rise in the MCLR will make this-overdraft-cum-loans expensive.

The good part is the Bank that will charge you interest only on the amount you actually utilise, and not on the amount you opted for.

Further, the Bank will charge you 0.5% towards the annual maintenance charges with an upper and lower cap of Rs 5,000 and Rs 1,000 respectively. The loan processing fee is Rs 500.

If you have investments in any of the following equity-oriented and/or debt schemes offered by these mutual funds, you may avail loan against your mutual fund units.

DSP BlackRock Mutual Fund

SBI Mutual Fund

ICICI Prudential Mutual Fund

Kotak Mahindra Mutual Fund

HSBC Mutual Fund

L&T Mutual Fund

Tata Mutual Fund

Mahindra Mutual Fund

HDFC Mutual Fund

IDFC Mutual Fund

Aditya Birla Sun Life Mutual Fund

Union Mutual Fund

PPFAS Mutual Fund

IIFL Mutual Fund

Shriram Mutual Fund

[Access mutual fund factsheets here]

Although the product has been launched officially, it could be some time before you can get an instant disbursal of the loan. The bank may (or may not) choose to partner with more fund houses to offer a credit facility to their investors.

And it appears that many other banks will follow suit, if a product idea gets a good response in the market.

A word of caution…

The purpose of the loan is important. You can’t borrow under this facility to make money out of speculative transactions including those related to the capital market activity. Likewise, the loan can’t be availed for any illicit purpose.

Should you opt for such loans?

Instead of breaking your mutual fund investments and discontinuing your SIPs (Systematic Investment Plans), loan against your mutual fund units could be considered. But, it depends on the purpose and urgency.

If you want to avail this facility to finance your new bike or buy an expensive watch, think twice — it is not a very prudent idea.

Loan against mutual fund units can considered only when you are in a dire need of funds and do not wish to liquidate your existing investments, built with your hard-earned money over the number of years.

[Read: How To Take A Loan Against Your Bank Fixed Deposit]

Ideally, you should have a contingency plan in place to meet your needs on a rainy day.

[Also read: A 3-Step Guide to Building A Liquid And Secure Emergency Fund]

Note excessive credit/loan, can harm your credit score. Hence, borrow prudently only within your means and make sure to repay sooner in the interest of long-term financial wellbeing.

Further, to accomplish your life goals, viz. buying a dream home, car, your children’s future needs (education and wedding expenses), your retirement, etc., have a well-drawn financial plan in place.

The real role of mutual funds isn’t to be pledged for a loan. Mutual funds, on the contrary can help you create wealth and help achieve the envisioned financial goals. Therefore, don’t pledge them unless it’s absolutely essential. Now, to be successful with your investment in mutual funds, you need to choose them carefully.

Many of you might not have the time, expertise, or both to select mutual fund schemes on your own. If you are one of them, don’t lose heart because PersonalFN’s unbiased mutual fund research service—FundSelect is just meant for people like you.

Every month, PersonalFN’s FundSelect service will provide you with insightful and practical guidance on equity funds and debt schemes – the ones to buy, hold, or sell. Thus assisting you in creating the ultimate portfolio that has the potential to beat the market.

Out of every four funds recommended in the FundSelect, three have always outperformed BSE 200 index. That's the success rate of PersonalFN.

PersonalFN's Mutual Fund Research service 'FundSelect' Vs. S&P BSE 200

Data as on March 28, 2018

(Source: ACE MF, PersonalFN Research)

FundSelect is turning FIFTEEN.

On this auspicious 15th anniversary of FundSelect, we intend to make it “ultra-special” for you.

How?

Well, how about getting 1-Year of access to FundSelect virtually Free?

And there’s MORE...

Get FREE access to our premium report, 'Top-5 Funds For 2020

So, hurry and subscribe to PersonalFN's FundSelect NOW!

This post on " Loan Against Mutual Funds: Should You Avail Of Them? " appeared first on "PersonalFN"

0 notes