Category: Personal Finance

4 Best Small Cap Equity Mutual Fund SIPs To Consider For Long Term In 2021

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Axis Small Cap Fund

The Axis Small Cap Fund Direct-Growth manages a total of 7,095 crores in assets (AUM). The fund charges a 0.39 percent expense ratio, which is lower than most other Small Cap funds.

The 1-year returns for the Axis Small Cap Fund Direct-Growth are 85.24 percent. It has had an average yearly return of 26.91 percent since its debut.

The volatility of small-cap funds is higher than that of large-cap and mid-cap funds. Small-cap funds suffer a lot when the markets aren’t performing well because they’re newer and are more likely to go out of business.

The majority of the money in the fund is invested in the construction, technology, chemicals, fast-moving consumer goods, and financial industries.

With just Rs. 500 each month, you can start investing in mutual funds through a systematic investment plan (SIP). This can be a cost-effective approach to invest each month without breaking the bank. With the SIP step-up function, you can increase your monthly investment amount as your income rises.

Kotak Small Cap Fund 

Kotak Small Cap Fund 

The assets under management of Kotak Small Cap Fund Direct-Growth total 5,349 crores (AUM). The fund charges a 0.48 percent expense ratio, which is lower than most other Small Cap funds.

The recent one-year returns on Kotak Small Cap Fund Direct-Growth are 106.58 percent. It has had an average yearly return of 22.24 percent since its debut.

The Kotak Small Cap Fund invests in a range of equities and equity-related securities in order to create financial appreciation. across sectors, the program mostly invests in assets with a market capitalization of less than $1 billion.

Rupee cost averaging is a strategy that involves buying more units when the fund’s Net Asset Value (NAV) is low and fewer units when the NAV is high. Essentially, it averages out your acquisition costs across the investing time. When you invest through a SIP, you don’t have to worry about market timing.

Union Small Cap Fund

Union Small Cap Fund

Union Small Cap Fund Direct-Growth manages a total of 553 crores in assets (AUM). The fund’s expense ratio is 1.72 percent, which is higher than the expense ratios charged by most other Small Cap funds.

The 1-year returns for the Union Small Cap Fund Direct-Growth are 82.93 percent. It has generated an average yearly return of 16.25 percent since its inception. The plan invests in a portfolio of equities and equity-related assets, primarily from small size businesses, with the goal of long-term capital appreciation.

Small-cap funds are seen to have substantial yet untapped potential to one day be a “multi-bagger”.

Nippon India Small-Cap

Nippon India Small-Cap

Nippon India Small Cap Fund Direct-Growth has assets under management (AUM) of 16,633 crores, making it a medium-sized fund in its category. The fund’s expense ratio is 1.06 percent, which is higher than the expense ratios charged by most other Small Cap funds.

The Nippon India Small Cap Fund Direct’s 1-year growth returns are 97.20 percent. It has returned an average of 26.74 percent per year since its inception.

Small-cap funds are an excellent investment option for those who are willing to take on more risk and seek more aggressive growth. The fund is invested in Indian stocks to the tune of 97.61 percent, with 4.62 percent in large-cap companies, 6.19 percent in mid-cap stocks, and 77.63 percent in small-cap stocks.

Who Should Invest In Small Cap Funds?

Who Should Invest In Small Cap Funds?

Small-cap equity funds can be appropriate for investors with long-term goals such as saving for retirement, taking a family trip to an exotic location, paying off medium-term debt, and so on.

When the markets are optimistic, these funds have historically provided larger returns than the broad benchmark. These bets, however, can be quite dangerous. Please take benefit of their propensity to generate high profits by investing for longer periods of time. Otherwise, diversified stock funds are a better option. These funds don’t always provide good returns in the short term.

They take their time to weather the storm of volatility before producing substantial profits. Those with a high-risk appetite may want to consider investing in these funds. These funds put their money into businesses that have a lot of potential for making money.

Disclaimer

Disclaimer

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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Majority of IBC resolutions ending in liquidation were with BIFR, BFSI News, ET BFSI

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About 75 per cent of the corporate insolvency resolutions ending in liquidation were earlier with the Board for Industrial and Financial Reconstruction (BIFR) or defunct.

These companies on an average had assets valued at around 7 per cent of the outstanding debt amount, according to the latest Insolvency and Bankruptcy Board of India data.

There have been concerns raised in certain quarters about the number of companies going into liquidation and steep haircuts taken by creditors under the Insolvency and Bankruptcy Code (IBC), which has been in force for nearly five years.

Value erosion

Nearly 47 per cent or 1,349 cases closed under the insolvency law ended up in liquidation till the end of June this year but economic value in majority of the cases had eroded even before commencement of the corporate insolvency resolution process, according to IBBI.

A total of 4,541 CIRPs (Corporate Insolvency Resolution Process) were initiated till end of June and out of them, 2,859 were closed.

Out of them, 1,349 CIRPs ended in liquidation while 396 ended in approval of resolution plans, as per the latest quarterly newsletter of the IBBI.

“The economic value in most of these corporate debtors had almost completely eroded even before they were admitted into CIRP,” the IBBI said.

Of the 396 corporate debtors rescued through resolution plans, 127 were in either BIFR or defunct, according to IBBI.

Realisation by creditors

“Till June 30, 2021, realisation by FCs (Financial Creditors) under resolution plans in comparison to liquidation value is 167.95 per cent, while the realisation by them in comparison to their claims is 36 per cent. It is important to note that out of the 396 CDs rescued through resolution plans, 127 were in either BIFR or defunct,” the newsletter added.

Around 51 per cent of the CIRPs were triggered by Operational Creditors (OCs) while nearly 43 per cent were initiated by FCs.

“However, about 80 per cent of CIRPs having an underlying default of less than Rs 1 crore, were initiated on applications by OCs, while about 80 per cent of CIRPs, having an underlying default of more than Rs 10 crore, were initiated on applications by FCs,” it noted.

According to the newsletter, the share of CIRPs initiated by CDs is declining over time and they usually initiated the process with very high underlying defaults.



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CBDT Allows Taxpayers To File Application For Settlement By 30th September, 2021

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Taxes

oi-Vipul Das

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As of 01.02.2021, it was reported that a number of taxpayers were in the midst of submitting their settlement application with the ITSC. Furthermore, some taxpayers have addressed High Courts to urge that their settlement requests should be granted. In some situations, the Hon’ble High Courts have granted temporary relief and instructed that settlement applications shall be accepted even after February 1, 2021. To provide relief to taxpayers who were eligible to file an application as of 31.01.2021, but were unable to do so due to the termination of the ITSC under the Finance Act of 2021, the department of Central Board of Direct Taxes (CBDT) has now decided that that applications for settlement can be submitted by taxpayers before the Interim Board by September 30, 2021 if the following conditions are met.

CBDT Allows Taxpayers To File Application For Settlement By 30th September, 2021

i. The assessee was eligible to file application for settlement on 31.01.2021 for the assessment years for which the application is sought to be filed (relevant assessment years); and

ii. all the relevant assessment proceedings of the assessee are pending as on the date of filing the application for settlement.

“Such applications, subject to their validity, shall be deemed to be “pending applications” under clause (eb) of section 245A of the Act and shall be disposed of by the Interim Board as per the provisions of the Act,” CBDT said.

CBDT has also clarified that “taxpayers who have filed such applications shall not have the option to withdraw such applications as per the provisions of section 245M of the Act. Further, the taxpayers who have already filed application for settlement on or after 01.02.2021 as per the direction of the various High Courts and who are otherwise eligible to file such application, as per para 3 above, on the date of filing of the said application shall not be required to file such application again.”

The Government has modified the Income-tax Rules, 1962, dated September 6, 2021, to make it easier to authenticate electronic records in faceless assessment processes. According to the revised Rules, electronic records filed through a taxpayer’s registered account on the Income-tax Department’s portal shall be considered to have been authenticated by the taxpayer using an electronic verification code (EVC). To know more, please click here.

Story first published: Thursday, September 9, 2021, 14:25 [IST]



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Top 3 Floater Funds SIPs With Best 5-Yr Returns That You Can Consider For Your Debt Portfolio

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1. ICICI Prudential Floating Interest Fund-Direct Plan-Growth:

The fund invests predominantly in floater bonds and look to balance yield, liquidity and safety concerns of investors. Launched in the year 2013, the fund since inception has delivered a return of 8.85%. Benchmark for the fund is

CRISIL Low Duration Debt. AUM under the scheme as on August 31 total to Rs. 13,631 crore, while the expense ratio of the fund is 0.58%.

Top holdings of the fund include GOI floating rate bond with maturity in 2023, 6.51% GOI 2024, Embassy Office Parks REIT 2022 etc.

SIP in the fund can be initiated for Rs. 100 and in the last 5 years, Rs, 10000 monthly SIP, implying a total investment of Rs. 6 lakh is worth Rs. 7.36 lakh.

2. Nippon India Floating Rate Fund - Direct Plan - Growth

2. Nippon India Floating Rate Fund – Direct Plan – Growth

This is a CRISIL 3-star rated fund and commands a good 20% fund into the category of Rs.18784 crore. Expense ratio of the fund is 0.24 percent. NAV of the fund as on September 8 is 37.08. Benchmark for the fund is CRISIL Short term bond index.

Investors with a time horizon of 3 years and more and aiming to garner moderate returns can lap up such funds.

SIP in the fund can be started for Rs. 100, while for lump sum investment the amount needed is Rs. 5000.

3. HDFC Floating Rate Debt Fund - Direct Plan - Growth:

3. HDFC Floating Rate Debt Fund – Direct Plan – Growth:

This is again a CRISIL 3-star rated fund that can be opted by investors who have a longer investment horizon but do not wish to deploy their funds into equity funds can rope in this fund. The fund in existence since 2013 has provided return to the tune of 8.34%. The benchmark of the fund is CRISIL Liquid fund index. The fund as on August 31, 2021 commands a sizeable Rs. 22077 crore corpus with expense ratio of 0.23%.

Top holdings of the fund are GOI funds, CD, T-Bills, NCD and bonds etc. SIP in the fund can be initiated for Rs. 500, while for lump sum you need to park a minimum of Rs. 5000.

Top Floater Funds SIP You Can Invest In For Your Debt Portfolio

Top Floater Funds SIP You Can Invest In For Your Debt Portfolio

Floater fund Annualised return in the last 5 year SIP Annualised return Rs. 10000 monthly SIP in las5 5 years
ICICI Prudential Floating Interest Fund-Direct Plan-Growth 8.27% 8.32% Rs. 7.36 lakh
Nippon India Floating Rate Fund – Direct Plan – Growth
7.96% 8.27% Rs. 7.36 lakh
HDFC Floating Rate Debt Fund – Direct Plan – Growth 7.7% 7.7% Rs. 7.25 lakh

Taxation:

Taxation:

Floater rate fund Time of redemption Taxation rate
Sold after 3 years Gains taxed at 20% after indexation benefit
Sold before 3 years Gains added to person’s income and taxed as per his slab rate

For dividend income, the addition is made to the investors’ income and taxed as per his or her slab rate. In a case when the dividend income is over Rs. 5000 in a FY then fund house also deducts 10% TDS before dividend pay-out.

Disclaimer:

Disclaimer:

Mutual funds are subject to market risk. The above story is just for informational use, for apt decision with your investments please seek professional advice.

GoodReturns.in



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Byju’s IPO: 3 Major Things To Know About Most Valuable Startup

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Byju’s – Acquisitions

So far, Byju’s has purchased a total of 15 businesses. On August 4, 2021, Byju’s bought the last company, Whodat Tech. Byju’s purchased Toppr, an e-learning platform for competitive test preparation, and Great Learning, an Edtech app, on July 24, 2021. Vedantu, an online tutoring platform, is close to being acquired by Byju’s. The Edtech behemoth has already had a busy year of acquisitions, with eight announced so far in 2021, and is expected to make more.

Aakash Educational Services, a brick-and-mortar test prep service provider, was acquired by Byju’s in a nearly $1 billion deal, one of the largest in the local edtech market. In July, the corporation paid $600 million for edtech start-up Great Learning and another $500 million for US-based kids digital reading platform Epic.

So far this year, the corporation has spent almost $2 billion on acquisitions, including Indian rival Toppr, which has yet to be officially acknowledged.

Whodat Tech, Great Learning, Epic, Toppr, Gradup, Vidyartha and Aakash Educational Services are some of the aquisitions of Byju’s.

BYJU's - Revenue and Valuation

BYJU’s – Revenue and Valuation

In FY 2017-2018, BYJU recorded revenue of Rs 490 crore, which grew to Rs 1,430 crore in FY 2018-2019. The firm’s income for the fiscal year 2019-2020 was ultimately published on September 1, 2021, with an 81 percent increase in revenue to Rs 2,434 Cr (FY20).

Valuation

After a recent $150 million round of fundraising, BYJU’s valuation was assessed at $16.87 billion in September 2021.

After a recent round of fundraising from UBS Group, Eric Yuan, Blackstone, and others, BYJU was valued at $16.5 billion and became India’s most valuable company in June 2021.

November 2020 – BYJU’s recent $200 million round of fundraising headed by BlackRock valued the company at $12 billion.

BYJU's - Funding

BYJU’s – Funding

According to reports, Byju’s total fundraising to date is roughly $2.85 billion, with the latest funding coming from three investors. This round of funding was spearheaded by ARK Ncore, Asmaan Ventures, and Mirae Asset. In its most recent round of fundraising, BYJU was valued at $16.87 billion. The Edtech behemoth appears to be on a fundraising binge, having raised $1.65 billion in 2021 alone. It previously raised $350 million from UBS Group, Blackstone, and IIFL and Maitri Edtech, as well as roughly $50 million from IIFL and Maitri Edtech.

BYJU’s was the first Asian startup to get money from the Chan-Zuckerberg Initiative, which was founded by Facebook founder Mark Zuckerberg and his wife Priscilla Chan in 2016.

Byju's- List of Funding

Byju’s- List of Funding

The table below contains information about BYJU’s major funding.

Date Stage Funding Lead Investors
September 8, 2021 – $150 Million Asmaan Ventures, Mirae Asset, ARK Ncore
June 21, 2021 Series F $50 Million IIFL and Maitri Edtech
June 12, 2021 Series F $350 Million UBS Group, Eric Yuan, Blackstone
March 29, 2021 Series F $460 Million MC Global Edtech Investment Holdings
September 8, 2020 Private Equity Round $500 Million Silver Lake
August 26, 2020 Venture Round $122 Million DST Global
June 26, 2020 Venture Round $100 Million Bond
January 9, 2020 Private Equity Round $200 Million Tiger Global Management
July 10, 2019 Venture Round $150 Million Qatar Investment Authority
March 22, 2019 Private Equity Round $31 Million General Atlantic & Tencent Holdings
December 11, 2018 Venture Round $ 540 Million Prosus & Naspers
August 2017 Corporate Round $40 Million Tencent Holdings
March 2017 Series F $30 Million Verlinvest
December 2016 Series E $15 Million IFC Venture Capital Group & InnoVen Capital
September 2016 Series D $50 Million Chan Zuckerberg Initiative & Sequoia Capital India
March 2016 Series C $75 Million Sequoia Capital India & Sofina



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Suryoday Small Finance Bank Revises Interest Rates On FD: Latest Rates Here

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Investment

oi-Vipul Das

|

Suryoday Small Finance Bank offers fixed deposit schemes with attractive interest rates to both regular citizens and senior citizens. The bank requires a minimum deposit amount of Rs 1000 and thereafter in multiples of Rs. 1/- to open a fixed deposit account for a maturity period ranging from 7 days to 10 years. Suryoday SFB offers multiple benefits on its fixed deposit schemes such as cumulative/re-investment plans, auto-renewing of FD, premature withdrawal option, additional interest rate for senior citizens, and so on. With effect from 9th September 2021, the bank has revised interest rates on domestic fixed deposits of less than Rs 2 Cr which are as follows.

Suryoday Small Finance Bank Revises Interest Rates On FD: Latest Rates Here

Suryoday Small Finance Bank Interest Rates On Regular Deposits

For a deposit amount of less than Rs 2 Cr and with effect from 9th September 2021, Suryoday Small Finance Bank is currently offering the following interest rates to the general public on their deposits.

Period Interest Rate (p.a.) Annualized Yield (p.a.)
7 days to 14 days 3.25% 3.25%
15 days to 45 days 3.25% 3.25%
46 days to 90 days 4.25% 4.25%
91 days to 6 months 4.75% 4.75%
Above 6 months to 9 months 5.25% 5.35%
Above 9 months to less than 1 Year 5.75% 5.88%
1 Year to 1 Year 6 Months 6.50% 6.66%
Above 1 Year 6 Months to 2 Years 6.50% 6.66%
Above 2 Years to less than 3 Years 6.25% 6.40%
3 Years 7.00% 7.19%
Above 3 Years to less than 5 Years 6.50% 6.66%
5 Years 6.75% 6.92%
Above 5 years to 10 years 6.00% 6.14%
Source: Bank Website, W.e.f. September 9, 2021

Suryoday Small Finance Bank FD Interest Rates For Senior Citizens

Suryoday Small Finance Bank is presently offering the following interest rates on deposits of less than Rs 2 crore to Senior Citizens / Retired Personnel aged 60 years or above.

Period Interest Rate (p.a.) Annualized Yield (p.a.)
7 days to 14 days 3.25% 3.25%
15 days to 45 days 3.25% 3.25%
46 days to 90 days 4.25% 4.25%
91 days to 6 months 4.75% 4.75%
Above 6 months to 9 months 5.25% 5.35%
Above 9 months to less than 1 Year 5.75% 5.88%
1 Year to 1 Year 6 Months 6.75% 6.92%
Above 1 Year 6 Months to 2 Years 6.75% 6.92%
Above 2 Years to less than 3 Years 6.50% 6.66%
3 Years 7.30% 7.50%
Above 3 Years to less than 5 Years 6.50% 6.66%
5 Years 7.00% 7.19%
Above 5 years to 10 years 6.00% 6.14%
Source: Bank Website, W.e.f. September 9, 2021

Story first published: Thursday, September 9, 2021, 11:21 [IST]



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4 SIPs To Invest That Are Rated 5-Star By Morningstar

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Axis Midcap Fund

As the name suggests, Axis Midcap Fund tends to invest its assets under management in midcap stocks. This makes the returns more volatile, as midcaps tend to fluctuate more than largecaps.

Investors can start an SIP, with a minimum sum of Rs 500. The returns from the fund has been fantastic over the long and short term as well. In the short term period of 1-year, Axis Midcap Fund has given a returns of 66%, while in the 5-year returns from the fund is over 20% on an annualized basis.

The fund has exposure to stocks like Cholamandalam Investment, Coforge, ICICI Bank etc. Currently, the net asset value of the fund has been pegged at Rs 68.49 under the growth plan. As mentioned, this scheme is for those willing to take a risk.

Canara Robeco Emerging Equities Fund

Canara Robeco Emerging Equities Fund

Canara Robeco Emerging Equities Fund generates returns by investing in a diversified portfolio of large and mid-cap stocks. This gives come flexibility to the fund manager when investing and could be a good proposition. Mirroring the returns of the markets, the fund has given good returns.

The 1-year returns from the fund has been 64%, while the 3-year returns is more like 18% on an annualized basis. One can invest through the SIP route, where the investment is Rs 1,000 at the very least.

We would not advise investors to invest through the lumpsum route and the SIP route is the best way forward at the moment.

Kotak Equity Opportunities Fund

Kotak Equity Opportunities Fund

This fund is also rated 5-star by Morningstar. Again, like Canara Robeco Emerging Equities Fund, the scheme aims to invest in a mix of large and mid cap stocks across sectors.

Over the last few years, thanks to the markets rallying the fund has performed very well. It has generated returns of almost 60% in 1-year and 15% in the last 5-years on an annualized basis. The assets under management of the fund is as high as Rs 7,311 crores.

An SIP in the fund can be started with a small sum of Rs 1,000. For those looking at long term this is a good fund to invest. We wish to inform readers that markets have gine up sharply in the last 1-year and hence, even if you invest in SIPs now, you are investing at very high net asset values. Therefore, even your SIP amounts can be small, and if the markets gain, you can increase the quantum.

L&T Money Market Fund

L&T Money Market Fund

The L&T Money Market Fund is for those looking to take zero risks. Since these funds mostly invest in government dated securities, they are considered as safe. A sum of Rs 1,000 can be used to start an SIP.

Disclaimer

Disclaimer

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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7 Best Bank Growth And Value Stocks With High EPS And Low PE Value

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HDFC Bank

Over the last three years, net profit per employee has been steadily increasing, with a 15.43 percent increase last year. The stock returned 52.58 percent over three years, compared to 48.49 percent for the Nifty 100. Over a three-year period, the stock returned 52.58 percent, while the Nifty Bank provided investors a 33.15 percent return.

There had been a lot of problems with the bank’s digital infrastructure. Given that both client acquisition and servicing will increasingly be done through digital means, the timing and manner in which this is done will be critical. As peers become more aggressive in the digital domain, any recurring faults would have a detrimental impact.

Kotak Mahindra Bank

Kotak Mahindra Bank

With the exception of a slight increase in net NPA, the first quarter of FY 22 demonstrates that asset quality has remained under control, despite the company’s strong exposure to the retail sector. The key difficulty is to expand the loan book without sacrificing the quality of the borrowers.

Over the last three years, net profit per employee has been steadily increasing, with a 13.34 percent increase last year. The bank has been largely protected from the problems in corporate loans over the last five years, showing that the danger of a sudden drop in asset quality is relatively low and the credit-check mechanism is solid.

Indusind Bank

Indusind Bank

The microfinance and car industries, which had previously been its strongholds, may be put under attack once more. LCV sales have dropped sharply in April and May 21 after a sharp recovery in the fourth quarter of FY 21. The HCV-bus segment has been particularly heavily hit. The stock returned -46.62 percent over three years, compared to 48.49 percent for the Nifty 100. Over a three-year period, the stock returned -46.62 percent, while the Nifty Bank delivered investors a 33.15 percent return.

AU Small Finance Bank

AU Small Finance Bank

Au Small Finance Bank Ltd., founded in 1996, is a banking firm with a market capitalization of Rs 36,413.34 crore. Only 2.13 percent of trading sessions in the last four years had intraday drops of more than 5%. The stock returned 67.56 percent over three years, compared to 48.49 percent for the Nifty 100 index. Over the last three years, net profit per employee has been steadily increasing, with a 32.04 percent increase last year.

In India, AU Small Finance Bank Limited offers a variety of banking and financial services. Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations are the company’s segments.

Best Bank Growth Stocks With High EPS Fundamentals

Best Bank Growth Stocks With High EPS Fundamentals

Bank Latest Price EPS(TTM) Market cap in Crores
HDFC Bank Rs 1,574 59.40 Rs 8,69,988
Kotak Mahindra Bank Rs 1,790 50.15 Rs 3,54,413
Indusind Bank Rs 1,015 44.39 Rs 78,505.93
Au Small Finance Bank Rs 1,166 37.49 Rs v36,460.28

Bank Value Stocks With Top PE Fundamentals

Bank Value Stocks With Top PE Fundamentals

Karnataka Bank

For the first time in the recent five years, Karnataka Bank Ltd’s advanced growth rate (YoY) has become negative. The stock returned -41.63 percent over three years, compared to 40.43 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned -41.63 percent, while the Nifty Bank delivered investors a 33.15 percent return. Karnataka Bank Ltd., founded in 1924, is a banking firm having a market capitalization of Rs 1,949.15 crore. The company has low PE ratio of 4.95.

Bank Value Stocks With Top PE Fundamentals

Bank Value Stocks With Top PE Fundamentals

Union Bank Of India

Only 3.68 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The company has been able to consistently increase its net interest margin over the last three years, with margins of 2.32 percent last year. Annual sales growth of 92.31 percent surpassed the company’s three-year CAGR of 29.06 percent. Over a three-year period, the stock returned -58.41%, while the Nifty Bank delivered investors a 33.15 percent gain. The company has low PE ratio of 6.57.

Canara Bank

Canara Bank, founded in 1906, is a banking business with a market capitalization of Rs 28,318.57 crore. The company has a low PE ratio of 7.85.

Only 3.22 percent of trading sessions in the last 16 years had intraday drops of more than 5%. Annual sales growth of 52.15 percent surpassed the company’s three-year CAGR of 24.05 percent. Over a three-year period, the stock returned -42.28 percent, while the Nifty Bank delivered investors a 33.15 percent return.

Bank Value Stocks With Top PE Fundamentals

Bank Value Stocks With Top PE Fundamentals

Are you looking for Bank value stocks with a low price-to-earnings ratio? The stocks in the following list have the best price-earnings ratio available (trailing).

Bank name Latest Price PE Market Cap in Crores
Karnataka Bank 64 5.08 Rs 1,995.78
Union Bank Of India 35.15 6.60 Rs 23,989.96
Canara Bank 159. 7.95 Rs 28,871.88

Disclaimer

Disclaimer

Investing in stocks is risky and investors should do their own research. This article is only for educational purposes.The author, the brokerage firms or Greynium Information Technologies are not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as are at record peaks. Please consult a professional advisor.



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9 Stocks To Buy From Broking Firm Sharekhan’s Value Report

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9 Stocks to buy from brokerage firm Sharekhan

Market price as on Sept 9 Target price Likely Gains %
Amararaja Batteries 720 1146 59%
Bosch 14279 18156 27%
Lumax Auto 139 207 48%
Bank of India 57.55 100 74%
Bajaj Consumer Care 251 355 41%
Bluestar 784 1200 43%
V-Guard 262 311 19%
Gail 144 196 36%
Cadilla Healthcare 555 720 30%

Time to catch your breath says Sharekhan

Time to catch your breath says Sharekhan

Recapping what happened in August, Sharekhan says that Markets continued to trend up in August globally.

“The benchmark indices, Nifty/Sensex, appreciated by 8.7%/9.4%, respectively. Nifty scaled peak of 17000 on the last trading session of the month, while the Sensex hit the 57,000 mark during the month (now it is above 58,000 points). The rally sustained through the month, with a key difference. This time, it was large-cap stocks that steered the ship, while mid-cap and small-cap stocks experienced certain amount of volatility. The optimism is not limited to Indian markets alone. It is a global rally,” the brokerage said.

“Even the key indices US markets hit a new high in August 2021. For that matter, equity markets globally have shown healthy double-digit gains since the beginning of calendar year 2021. Since January 2021, the MSCI World index has gone up by 17% with all major indices like S&P 500 (20%), Nasdaq (18%), Nifty (22%), FTSE (10%), Taiwan (17%) among others trending up during the year. The only exceptions are China, Hong Kong and Indonesia for country specific-issues; thereby dragging down the performance of MSCI Emerging Market Index this year,” the brokerage has noted.

We too believe markets are over valued

We too believe markets are over valued

Recently, Motilal Oswal came up with its brokerage report titled eagle’s eye. The brokerage clearly highlighted that the markets are trading at a significant premium to long term averages. We too believe the same if you have made profits, it maybe time to be cautious before buying stocks. The good thing happening for the markets right now is that a lot of money is flowing into mutual funds and this is lending support to the market. At the moment the liquidity is what is driving the markets ahead. Should there be some strain on liquidity, we could see markets falling with deep corrections. It maybe time to turn cautious. Having said that markets make ignore fundamentals for a long period of time.

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only and has been taken from the report of Sharekhan. Be careful while investing as the Sensex has now crossed 58,000 points.



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