Category: Personal Finance

IDFC First Bank

IDFC First Bank a leading private sector lender of India offers Pratham Savings Account to its customers with benefits like monthly interest credit on savings, zero balance savings account, quick transactions at micro ATM, interest rates of up to 5%, digital banking services.

This Basic Saving Bank Deposit Account (BSBDA) can be opened by customers who do not have any other savings account at IDFC First Bank. With free and unlimited ATM transactions at any bank anywhere in India, customers will be allowed to conduct daily ATM Withdrawal limit of Rs 40,000, daily POS limit of Rs 1 lakh, and get a free personal accidental insurance cover of Rs 2 lakhs using IDFC FIRST Bank Pratham Savings Account with Rupay Classic Debit Card.

Yes Bank

Yes Bank offers three types of zero balance savings accounts to its customers such as Smart Salary Platinum account, Smart Salary Exclusive account, and Smart Salary Advantage account. All three accounts come with a range of benefits such as tax-free interest income up to Rs. 40,000 on savings account, personal accident death or insurance cover, free RTGS/NEFT payment facility, free IMPS facility through Mobile banking, YES ROBOT: 24*7 personal banking assistant, online recharge and bill payments facility, free demand drafts facility, SMS alerts and so on. Following are the most recent interest rates on savings accounts of Yes Bank.

IndusInd Bank

Customers going to open a zero balance savings account can witness a range of account types at IndusInd Bank such as Indus Easy Savings Account which is a Basic Savings Bank Deposit Account (BSBDA), Indus Maxima Savings Account, Indus Delite Savings Account, and Indus Small Savings Account.

Customers with BSBDA account of the bank i.e. Indus Easy Savings Account will get a free Rupay Debit Card having 10,000 ATM limit and 10,000 Point of Sale (PoS) limit. They can also get a plethora of services on their account such as internet banking, video chat with the bank, OmniPresent banking, e-Mandate set up option and much more. The most recent interest rates on Domestic / Non Resident (NRO/NRE) savings accounts of IndusInd Bank are as follows:

Axis Bank

At Axis Bank, customers can open two types of zero balance savings account i.e. Basic Savings Account and Small Basic Savings Account. Both these account are a part of Pradhan Mantri Jan Dhan Yojana Scheme (PMJDY) and comes with a range of benefits such as a free Rupay Debit card with daily ATM withdrawal limit of Rs 40,000, free unlimited cash deposit & 4 free withdrawals per month, and much more. Both accounts can be opened online and customers will get the following interest rates on their savings account balance.

Kotak Mahindra Bank

With 811 Digital Bank Account of Kotak Mahindra Bank, customers can get an interest rate of up to 4% with attractive benefits such as zero charges on non-maintenance of balance, easy transfer of money, 811 Virtual Debit Card, digital banking solutions, and much more. One can open this account online and can manage his or her account through Kotak Mahindra Bank mobile banking app. The latest interest rates on savings accounts of Kotak Mahindra Bank are as follows:

Quant Tax Plan Direct Growth

Quant Tax Plan Direct-Growth is an Equity Linked Savings Scheme (ELSS) that has been around for eight years, having been introduced in 2013. Quant Tax Plan Direct-Growth returns for the previous year were 97.63 percent, according to Value Research. It has returned an average of 22.24 percent per year since its inception. Financial, Construction, FMCG, Metals, and Energy sectors are all included in the fund’s equity sector allocation.

Reliance Industries Ltd., Vedanta Ltd., State Bank of India, ITC Ltd., and HDFC Bank Ltd. are the fund’s top five holdings. The fund’s Net Asset Value (NAV) is Rs 223.63 and its Asset Under Management (AUM) is Rs 368.44 Cr as of September 9, 2021. The fund charges a 0.5 percent expense ratio, which is lower than most other funds in the same category. With a minimal monthly investment of Rs 500 and no exit load, one can start a SIP in this fund.

Kotak Small Cap Fund Direct Growth

This mutual fund scheme was introduced in 2013 and thus has been in existence for the last 8 years. Kotak Small Cap Fund Direct-Growth returns in the previous year were 109.98 percent and have returned an average of 22.30 percent each year since its inception according to Value Research. Chemicals, Consumer Durables, Metals, Construction, and FMCG sectors are all represented in the fund’s equity sector allocation.

Carborundum Universal Ltd., Century Plyboards (India) Ltd., Sheela Foam Ltd., Galaxy Surfactants Ltd., and Persistent Systems Ltd. are the fund’s top five holdings. As of September 9, 2021, the fund’s Net Asset Value (NAV) is Rs 175.56 and its Asset Under Management (AUM) is Rs 5,641.68 Cr. The fund’s expense ratio is 0.48 percent, which is lower than the expense ratio charged by most other funds in the same category. With a minimum investment of Rs 1000, one can commence a systematic investment plan in this fund. For units worth more than 10% of the investment, a 1% exit load will be applied if they are redeemed within one year.

IDFC Sterling Value Fund Regular Growth

IDFC Sterling Value Fund Direct Plan-Growth is a Value-Oriented scheme launched in the year 2013 by the fund house IDFC Mutual Fund. The 1-year growth returns on the IDFC Sterling Value Fund Direct Plan are 96.18 percent. According to Value Research, it has provided an average yearly return of 17.63 percent since its inception. The fund’s equity allocation is allocated across Financial, FMCG, Construction, Automobile, Engineering sectors. ICICI Bank Ltd., Deepak Nitrite Ltd., Gujarat Gas Ltd., Jindal Steel & Power Ltd., and Emami Ltd. are the fund’s top five holdings.

The fund has a 1.93% percent expense ratio and the fund’s Net Asset Value (NAV) is Rs 83.08 and its Asset Under Management (AUM) is Rs 3,990.45 Cr as of September 9, 2021. The fund charges an exit load of 1% if units more than 10% are redeemed within 1 year of investment. SIP can be started in this fund with a minimum monthly contribution of Rs 100.

Best Performing Mutual Funds In 2021

Here is the list of mutual funds based on the different categories based on the performance and ratings given by CRISIL and other leading agencies such as Morningstar and Value Research.

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

Stocks to buy from Sharekhan

Why to buy the stock of Petronet LNG?

According to Sharekhan, Petronet LNG’s Dahej terminal utilisation is likely to recover to near full utilisation in Q2FY22 as demand for contracted LNG (available at half of spot LNG price) is believed to have picked up and shift of volume from Dabhol LNG during the monsoon.

“Petronet LNG has a strong balance sheet with net cash position of Rs. 5,705 crore (or 16% of current market capitalisation) as on March 31, 2021, and we expect it to generate free cash flow (FCF) of Rs. 3,000 crore (yield of 9%) annually. In the absence of any significant capital expenditure (cumulative capex of Rs. 1,500 crore-1,700 crore over FY2022E-FY2023E), Petronet LNG may reward shareholders with higher dividend (FY2021 dividends per share of Rs. 11.5/share),” the brokerage has said. Hence, we maintain Buy on Petronet LNG with an unchanged price target of Rs. 285,” the brokerage has said.

Buy the stock of IPCA Laboratories, says Sharekhan

According to Sharekhan, IPCA laboratories domestic formulations business is on a strong footing and is expected to be a key growth driver with a likely double digit growth for FY22.

“Over the long term, IPCA’s API segment growth would be driven by easing capacity constraints due to the commissioning of Dewas greenfield, which would add on 25% of the capacity. The Ratlam expansion is expected to be ready by 2HFY22. IPCA has lined up a capex of Rs. 400 crores over next 2-3 years and this provides comfort on the future growth prospects,” the brokerage has said.

“IPCA’s presence in the fast growing therapies coupled with positive rub off effect of a strong IPM growth could be the key drivers for domestic formulations business. For the Active Pharma Ingredients segment, completion of Dewas greenfield (expected to add 25% of capacities) by FY2023 and a strong demand outlook would be the key drivers. At the current market price the stock trades at 27.2x /24.1x its FY22E and FY23E EPS. Strong earnings prospects, a sturdy balance sheet, and healthy return ratios augur well for IPCA Laboratories. We maintain Buy recommendation with a revised price target of Rs 2850,” Sharekhan has said in its research report.

Disclaimer

The article is informational in nature, which is taken from the brokerage report of Sharekhan. Please do consult a professional advisor before you invest in equities. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, the brokerage house and the author do not accept culpability for losses and/or damages arising based on information in the article. Markets have run-up sharply and hence investors should exercise some caution.

5 Stocks Gained Over 200-800 Percent In 2021

Kwality Pharmaceuticals

The company Kwality Pharmaceuticals was founded in 1983. The current share price is 510.2. It now has a market capitalization of Rs 529.39 crore. Kwality Pharmaceuticals Ltd. is a prominent manufacturer and supplier of pharmaceutical formulations such as Liquid Orals, Powder for Oral Suspension, Tablets, Capsules, Sterile Powder for Injections, small volume injectables, Ointments, External Preparations, ORS, and many other products.

So far in 2021, the share price of Kwality Pharmaceuticals has increased by an incredible 764%. The one-year return of the stock is 829%.

ANG Lifesciences

In the year 2006, ANG Lifesciences India Ltd. was established. The current share price is Rs665. It currently has a market capitalization of Rs 344.69 crore. The company reported gross sales of Rs. 1268.31 crores and total income of Rs.1272.51 crores in the most recent quarter.

Over a three-year period, the stock returned 983.06 percent, compared to 65.04 percent for the S&P BSE Healthcare index. The company spent Rs 1.66 crore on investing operations, up 114.66 percent year on year. Stock returned 983.06 percent over three years, compared to 43.89 percent for the Nifty Smallcap 100.

The share price of ANG Lifesciences has risen by an astonishing 823 percent so far in 2021. The stock had a one-year return of 1,285.42% percent.

Looks Health Services

Looks Health Services Ltd., founded in 2011, is a Small Cap business in the Hospitals & Allied Services sector with a market capitalization of Rs 12.59 crore.

The stock returned 2.13 percent over three years, compared to 43.89 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 2.13 percent, compared to 65.04 percent for the S&P BSE Healthcare index. Looks Health Services stock price has soared by an incredible 435percent so far in 2021. The stock returned 414 percent over the course of a year.

Hikal Ltd

Hikal Ltd., founded in 1988, is a Small Cap business in the Pharmaceuticals sector with a market capitalization of Rs 8,144.01 crore.

Annual sales growth of 14.19 percent surpassed the company’s three-year CAGR of 9.78 percent. The stock returned 233.08 percent over three years, compared to 52.49 percent for the Nifty Midcap 100. In the fiscal year ended March 31, 2021, the company spent 2.1 percent of its operational revenues on interest charges and 9.55 percent on labour costs. Over a three-year period, the stock achieved a 233.08 percent return, compared to 37.17 percent for Nifty Pharma.

So far in 2021, the stock price of Hikal has risen by an astonishing 294 percent. Over the course of a year, the stock returned 309 percent..

Raaj Medisafe India

In the fiscal year ended March 31, 2021, the company generated a return on equity of 214.49 percent, surpassing its five-year average of 9.56 percent. In the fiscal year ended March 31, 2021, the company spent 2.34 percent of its operating revenues on interest charges and 7.68 percent on staff costs. Raaj Medisafe India Ltd., founded in 1985, is a Small Cap company in the Miscellaneous category with a market capitalization of Rs 19.23 crore.

So far in 2021, the stock price of Raaj Medisafe India has risen by an astonishing 281 percent. Over the course of a year, the stock returne195 percent..

Disclaimer

Please do consult a professional advisor before you invest in equities. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in the article.

Blockfi

The BlockFi Interest Account is the ideal overall place to earn interest on Bitcoin, Ethereum, and stablecoins. BlockFi, a fully regulated and licenced bank-like supplier of cryptocurrency savings accounts, loans, and exchange services, was formed in 2017 and has financial licences to operate in 48 U.S. states.

They usually have the best rates for stablecoins, which are cryptocurrencies whose value is directly linked to the value of a fiat currency such as the US dollar. USD Coin (USDC), GUSD, and PAX, for example, are all stablecoins that can earn 7.5 percent. Tether (USDT) has the potential to earn up to 7.5 percent.

Nexo

Nexo’s high yield interest accounts pay out up to 12% APY on 17 different cryptocurrencies on a daily basis. Only members of Nexo’s loyalty program, which is based on holding their native coin, NEXO token, get the best rates.

Cryptocurrencies such as Bitcoin, Ethereum, and Ripple have rates ranging from 4% to 8%. Stablecoins like USDT, USDC, and DAI, as well as cash deposits in USD, GBP, and EUR, earn between 10% and 12%.

Celsius Network

Celsius Network is not only the most transparent but also the most profitable crypto lending platform in the world. It was launched in 2017 by serial entrepreneur Alex Mashinsky (one of the VOIP’s inventors), and it already has over $200 million in funding and 40,000 active wallets.

Celsius Network offers some of the finest cryptocurrency interest rates and accepts a variety of prominent cryptocurrencies and stablecoins, including Bitcoin, Ethereum, USDC, PAX, and others. Furthermore, it pays weekly interest, with the option of earning more when paid in Celsius’ native cryptocurrency CEL.

YouHodler

With offices in Cyprus and Switzerland, YouHodler is a European bank-like crypto asset management platform. The company offers a crypto savings account with a high compound interest rate of up to 12%, as well as crypto-fiat loans with loan-to-value ratios of up to 90%.

There are a total of 25 cryptocurrencies and stablecoins to earn interest on, with BTC paying 4.8 percent, ETH 5.5 percent, LINK 6.2 percent, and stablecoins paying about 12 percent. There are no lock-up periods with YouHodler, and investors can withdraw or sell their assets at any moment.

Binance Earn

Binance Earn is Binance’s one-stop crypto interest solution. Binance Earn provides a comprehensive set of staking and savings solutions for earning passive income from your crypto assets without having to trade.

There are over 60 cryptocurrencies and stablecoins to select from, with set or variable terms for earning interest.

Regular savings products, staking, and DeFi solutions are available to users, each with its own set of risks, terms, and rewards. Savings with flexible or set terms, Locked Staking, DeFi-Staking, ETH 2.0 Staking, Liquid Swap, Launchpool, and the BNB yield aggregator Vault are some of these options. While the various features can be intimidating at first, if you’re ready to learn how to use them, Binance’s savings and staking solutions could potentially generate a passive income.

Coinloan

Coinloan is a legal and regulated cryptocurrency lending and borrowing marketplace established in Europe. The company began operations in 2016 and is regulated by the Estonian Financial Supervision Authority, indicating that it holds a European Financial Licence.

Cryptocurrency interest is calculated daily on your deposit and credited to your wallet on the first of each month. Coinloan interest account rates vary, but can reach 12 percent per year. CoinLoan keeps cryptoassets in offline, cold, multi-signature wallets with the digital asset trust custodian BitGo, which is insured by Lloyd’s for $100 million.

6 Best Crypto Savings Account In 2021

Asian Paints

Asian Paints has a strong financial track record, which indicates that the company has an impenetrable moat. A broad moat allows a corporation to withstand competition challenges and remain a market leader. Asian Paints Ltd has established two impenetrable moats over the years: high brand equity and a strong distribution network.

To date, both of these moats – high brand equity and a strong distribution network – have been the company’s main growth drivers. Asian Paints goods are extensively available since no merchant can do without them.

Dmart

DMart is a wonderful company whose moat is its supply-chain management – how they manage their inventories, pay their suppliers on time, negotiate the best pricing, ensure product quality, pass on savings to customers when possible, and so on. In the retail industry, they have enviable stability in debtor days, inventory turnover, and other return percentages.

DMart, unlike any other retailer, has a cluster-based expansion strategy. Before expanding to other locations, the Company is concentrating on extending their penetration in places where they currently have a presence. All of its franchises are lucrative as a result of its business plan. This is quite uncommon in retail establishments, with even Reliance Fresh having to close some of its locations due to diminishing revenues.

Fevicol – Pidilite

Consumer & bazaar and business to business are the two key segments in which the company operates. Adhesives, sealants, art and craft products, and building and paint chemicals are all part of the consumer and bazaar business. Nearly 80% of overall revenues come from a diverse range of items aimed at carpenters, painters, plumbers, homeowners, and students.

It’s no surprise that Buffett like the metric: many companies with high ROEs display the high-quality, moat-like business characteristics that he enjoys discovering.

The company’s brands are divided into three key areas. Fevicol, Fevicol Marine, Fevi Kwik, M-seal, and Fevicryl are among the company’s most well-known names. Even in rural places, these brands have a large distribution and market dominance. They’re high-volume, low-margin items.

In India, Pidilite is the largest adhesive manufacturer. The company began operations in 1959 with its most well-known adhesive brand, Fevicol, and has since built a presence in more than 80 countries throughout the world. Adhesives, sealants, pigments, industrial resins, construction and paint chemicals, and other products are presently produced by the company. It currently has over 500 goods in its portfolio.

Maruti Suzuki

Maruti has carved out a niche in the consumer auto market by regularly introducing new models that cater to practically every demographic.

In India, the corporation is involved in the passenger car segment of the automobile industry. Scale, innovation, distribution, and a low-cost structure are all used to achieve market domination in this industry (as the business is asset-heavy). In India, the firm is the market leader in the passenger segment, with exports to 95 countries. The business strategy is such that passenger car sales account for the majority of revenue (about 85% of total revenue), followed by spares, service, and component sales (around 11 percent ).

Although the company has a strong track record of financial performance and profitability, the industry is experiencing a significant slowdown. Because of the pandemic’s global scope, export growth will also slow in the future.

SBI

SBI has a network that it can leverage across all of its activities, including banking, insurance, and asset management.

India’s largest bank is the State Bank of India (SBI). The government-owned bank has a 23 percent asset market share and a 25 percent market share for total loans and deposits.

In terms of total assets, SBI is India’s largest bank. The opening of salary accounts for all government employees has been one of the company’s largest moats. This also helps them to cross-sell their items to their current clientele.

TCS

According to Mcap, Tata Consultancy Services has recently overtaken Accenture as the world’s largest IT firm. Tata Consultancy Services (TCS) is a Tata Group company. Information technology (IT) services and consultancy are the company’s specialties. They now have a presence in 46 countries. Because of significant switching costs, TCS has a tight economic moat. The organization is concentrating on developing and maintaining long-term customer connections that will result in repeat business. They benefit greatly from the switching expenses their clients may incur, in addition to its size being a considerable moat. They continue to profit from the first-mover advantage in the United States, with 95 percent of their new business coming from their existing customers.

Conclusion

Nothing beats investing in a firm with high-profit margins for value investors. A large moat, on the other hand, is not a financial metric or a ratio that can be easily calculated. Based on the self-study, the researcher must draw a conclusion (the four actions listed above). It’s also a good idea to keep an eye on the overall market scenario in addition to the company’s finances. Companies that operate within a moat must operate at a high-profit margin (margins). However, it is also necessary to examine the margins’ long-term viability. As a result, one-year margin figures are insufficient. We should seek for data that have remained consistent over the last 5-10 years and have a high average.

Disclaimer

The stocks mentioned above are only examples of moat businesses; however, investors must conduct their own due diligence before investing in any equities. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in the article. Caution needs to be exercised as mutual funds are subject to risks associated with the stock markets.