Category: Personal Finance

10 Top Cryptocurrencies Of June 2021 Some Of Which You Can Consider For Investment In July 2021

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Investment

oi-Roshni Agarwal

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For the month of June, majority of the cryptocurrencies logged losses, but despite the volatility that stood out in this asset class during the month, you may want to know about the cryptocurrency which performed the best or saw the lowest losses. Here’s the complete list of top 3 cryptocurrency assets as sourced from the Coindesk- the blockchain news outlet that has compiled a list of top 20 crypto assets.

10 Top Cryptocurrencies Of June That You Can Consider For Investment In July

10 Top Cryptocurrencies Of June 2021 Some Of Which You Can Consider For Investment In July 2021

1. Bitcoin (BTC):

It may be surprising for some crypto enthusiast and stakeholders but the largest cryptocurrency has stood as the best performing crypto for the period under review i.e. June 2021. Though the market expectations such as imminent Death cross event spooked the crypto to again below $US 30000, it managed to end the June month higher.

2. Algorand (ALGO):

This is an open-sourced, decentralized blockchain capitalizing on two-tiered structure and is aimed at increasing speeds as well as realizing finality. The blockchain network makes use of Proof-of-Stake (PoS) consensus mechanism. For the month of June, ALGO loggest second lowest losses of more than 4 percent as per the Coindesk Research and the crypto last quoted at a price of $0.8451.

3. Filecoin (FIL):

The open-source cryptocurrency and digital payment solutions fell in value by over 14% or close to 15%. The cryptocurrency has been mined aiming to be a digital storage as well as data retrieval method. Developed by Protocol Labs, the Filecoin crypto allows users to rent unused space in the hard drive. As per Coinbase portal, the 24 hour change in the crypto has been down by 8 percent and quotes at $4205.

4. Tezos (XTZ):

As per the official website of the crypto, it is an open source platform for addressing major hurdles confronting blockchain adoption for assets as well as apps. Also the structure of the Tezos crypto is designed in a way to take on long term upgradability, open participation, collaboration as well as smart contract safety.

For the June month, Tezos declined by close to 17.5% and last quoted at a price of $2.92 with a percentage increase of over 5% in the last 24 hours.

5. Ethereum (ETH):

The second most valuable crypto by market capitalisation stood as the fifth top cryptocurrency for June 2021 and lost as much as 17.7% in its price. It is being advocated by experts that Ethereum has the potential to pip Bitcoin and also for some time we had even seen the volume in Ethereum rising above Bitcoin.

6. Cardano (ADA):

The crypto conceived via peer reviewed research which came into existence on the basis of evidence based methodologies is a proof of stake blockchain platform. The crypto integrates pioneering technologies for offering unmatchable security as well as sustainability solutions for decentralized applications, systems, and societies.

as part of the crypto sell off, the crypto also registered a fall of 19.2% from the month trading at $1.7210 beginning June 1. As on July 1, it quotes at a price of $1.34 and is said to be a ‘Buy’ for July month as a bullish breakout is seen for the digital token.

7. Litecoin (LTC):

This crypto can be used by anyone, anywhere without permission for transacting with anyone else globally. As of early June, the crypto is the 14th largest by m-cap. The token primarily makes use of peer to peer technology.

“Due to Litecoin’s complementary nature to Bitcoin and the fact it has established a market for itself, it is often considered the first successful alternative cryptocurrency, or altcoin”, said co-founder of Coinflip.

“If you are interested in investing in a technology that enables fast and inexpensive borderless transactions, Litecoin is a great investment opportunity,” he added. Also, it has been a relatively stable crypto or altcoin when compared to other altcoins at around the same time. “Litecoin is a digital currency that uses peer-to-peer technology to send payments anywhere in the world quickly,” he said further.

The price of Litecoin as at the time of writing this copy is $135.8 and it dived a huge21.6 percent in June month.

However there are varied views around the altcoin and some also see it as a good speculative trade opportunity and not a good investment idea.

8. NuCypher (Nu):

This is a decentralised encryption, key management system (KMS) and access control encryption service for public blockchains. The crypto facilitates end-to-end encrypted data sharing on decentralized storage solutions as well as public blockchains.

The crypto is considered a good investment on the following premise: the crypto has a low circulating supply, a small m-cap and because of its utility. Further it has a strong technological backing and solid use cases.

In June, the crypto dived a good 22%, and it last quoted at a price of $0.2299.

9. Bitcoin Cash (BCH):

Bitcoin Cash aims to be decentralised, peer to peer digital cash. Considering the prospects of Bitcoin Cash, the token in comparison to Bitcoin can be a safe bet and is a better investment considering the average transaction fee is low. Also, BCH can also manage around 25,000 transacions per block. Bitcoin processes 1,000-1,500 transactions per block.

Also, since its launch the crypto has not been hacked while bitcoin is associated and linked to illicit activities.

For the June month, Bitcoin cash fell in price by 26% and last quoted at a price of $495.22.

10. Yearn Finance (YFI):

This is an application based Ethereum token that looks after the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem for generating a high return. As on July 1 at the time of writing this copy, it is $32,279.

It is an open-source, decentralized finance lending protocol and facilitates users in optimizing their crypto assets via lending and trading services.

This is the second most expensive crypto after Bitcoin with a far lower supply. In few months time the crypto has skyrocketed in value. Its all time high has been $95,071. By the end of 2021, yearn.finance might be traded around the $95,000 mark.

So, it is definitely a buy given the current dip which should be capitalised upon.

For the June month, the crypto fell a staggering 28 percent.

Disclaimer: The story is for informational purpose only and investors should do their own research and consult investment advisors.

GoodReturns.in



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Top 5 Best Performing Technology Mutual Fund SIPs To Invest In 2021

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ICICI Pru Technology

ICICI Prudential Technology Direct Plan-Growth is an ICICI Prudential Mutual Fund Equity mutual fund program. Since its introduction, the ICICI Prudential Technology Direct Plan-Growth scheme has returned 134.39 percent in the last year, 137.92 percent in the last three years, and 606.06 percent since its launch. The minimum SIP investment for this scheme is Rs 100. The Fund has an AUM of 2,792 crores.

If you have invested Rs 5000 per month SIP, the returns would have been Rs 2,82,846 by the end of three years

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. This fund has been accorded a 3-star rating from CRISIL.

TATA Digital India Fund

TATA Digital India Fund

Tata Mutual Fund’s Tata Digital India Fund Direct-Growth is an equity mutual fund strategy. Meeta Shetty is the fund manager for this plan, which was launched on December 28, 2015. Since its inception, Tata Digital India Fund Direct-Growth has returned 116.84 percent in the first year, 126.47 percent in the second year, and 232.18 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. The AUM of Tata Digital India Fund is Rs 1,464 Crs. Exit load of 0.25% if redeemed within 30 days. The fund has an expense ratio of 0.72%.

TATA Digital India Fund

Tata Mutual Fund’s Tata Digital India Fund Direct-Growth is an equity mutual fund strategy. Meeta Shetty is the fund manager for this plan, which was launched on December 28, 2015. Since its inception, Tata Digital India Fund Direct-Growth has returned 116.84 percent in the first year, 126.47 percent in the second year, and 232.18 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. The AUM of Tata Digital India Fund is Rs 1,464 Crs. Exit load of 0.25% if redeemed within 30 days. The fund has an expense ratio of 0.72%.

Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund Direct-Growth is an equity mutual fund scheme managed by Kunal Sangoi, which was launched on 01 January 2013. It has an AUM of 1,413.07 crores, and the most recent NAV declared as of 30 June 2021 at 9:52 pm is 121.650.

The return on Aditya Birla Sun Life Digital India Fund Direct-Growth scheme has been 112.01 percent in the last year, 136.21 percent in the last three years, and 569.88 percent since its inception. The minimum SIP amount for this scheme is Rs 1,000.

The top 5 holdings are Infosys, TCS, Tech Mahindra, HCL, and Cyient Ltd. The fun has an exit load of 1% if redeemed within 30 days. The fund has an expense ratio of 1.18%.

SBI Technology Opportunities Fund

SBI Technology Opportunities Fund

SBI Technology Opportunities Fund Direct-Growth (SBI Technology Opportunities Fund Direct-Growth) is an SBI Mutual Fund equity mutual fund strategy. It has an AUM of 738.84 crores, and the most recent NAV declared as of 30 June 2021 is 137.538 crores.

SBI Technology Opportunities Fund Direct-Growth plan has returned 95.72 percent in the last year, 112.80 percent in the last three years, and 497.21 percent since its inception. The minimum SIP amount for this scheme is Rs500.

The top 3 holdings are Infosys, HCL, TCS, and Alphabet Inc Class A.

There is an exit load of 0.50% if redeemed within 15 days. The fund has an expense ratio of 1.34%.

Franklin India Technology Fund

Franklin India Technology Fund

The Franklin India Technology Fund Direct-Growth is a Growth mutual fund scheme from Franklin India. It has an AUM of 553.99 Crores and a NAV of 322.506 as of 30 Jun 2021.

Since its inception, Franklin India Technology Fund Direct-Growth has returned 79.52 percent in the first year, 103.30 percent in the second year, and 426.66 percent in the third year. The minimum SIP amount for this scheme is Rs 500.

The top 3 holdings are Infosys, HCL, TCS, and others

There is an exit load of 1% if redeemed within one year. The fund has an expense ratio of 1.63%.

Fund Name 1 Year Return 3-year Return Since Inception
ICICI Pru Technology 137.21% 33.67% 25.99%
TATA Digital India Fund 118.79% 31.46% 24.54%
Aditya Birla Sun Life Digital India Fund 113.86% 33.43% 25.21%
SBI Technology Opportunities Fund 97.09% 28.90% 23.58%
Franklin India Technology Fund 78.73% 26.59% 21.60%

Disclaimer

Disclaimer

Goodreturns has taken utmost care in the compilation of data for this article. We are not a qualified financial advisors and any information herein is not investment advice. It is informational. 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



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Top-Up SIP: Why You Should Opt For Top-Up SIP When You Have Surplus Funds?

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Advantages of Top-Up SIP

  • For example, if you now invest Rs. 20,000 per month in a mutual fund via SIP and want to increase your monthly commitment to Rs. 25, 000, you can do so with a top-up SIP.
  • A top-up SIP may give you an advantage over a traditional SIP because you are raising the SIP investment amount every year. Because with a top-up SIP, the monthly SIP amount grows every year, whereas, in a traditional SIP, the amount invested remains constant throughout the investment cycle.
  • Every year, you expect your payor income to rise. Employers offer annual increments or bonuses that can be added to an existing SIP.
  • A top-up facility enables you to achieve your financial objectives more quickly or to expand your objectives to match your needs.
  • Because you can expect your income to rise over time, increasing your investment in an existing plan is a sensible way to increase your wealth.
  • Top-up SIP allows you to stay up with the rising cost of living. Because inflation erodes the value of your money over time, it’s a good idea to increase your SIP contributions by at least the inflation rate.

SBI terms and conditions for Top-Up

SBI terms and conditions for Top-Up

  • Investors must select the top-up option when enrolling for the SIP service.
  • The minimum SIP top-up is Rs. 500, and multiples of Rs. 500 are allowed.
  • Once you’ve enrolled, you won’t be able to change your top-up information. Any modifications must be made by canceling the existing SIP and enrolling in a new SIP with the Top-up option.
  • SIP Top-up is accessible in the case of Monthly SIP, Half-yearly SIP, and Yearly SIP. If the investor does not indicate a frequency for a top-up, the default frequency will be half-yearly.
  • Only the Yearly frequency is accessible under SIP Top-up in the case of Quarterly SIP.
  • Top-up SIP will be permitted in all schemes that offer the SIP function.
  • All other terms and conditions that apply to normal SIP will apply to Top-up SIP as well.
  • SIP Top-up will be accessible exclusively for SIP Investments made using ECS (Debit Clearing) Or Direct Debit.

How To Opt for Top up SIP?

How To Opt for Top up SIP?

Existing investors must apply for the SIP with the Top-Up option as well as the auto-debit option. They must ensure that details such as the scheme/plan, SIP date, duration, and frequency are appropriately presented. The investors’ bank accounts will have two debits, one for the initial transaction and the other for the top-up transaction.

Only multiples of particular denominations can be topped up (eg Rs. 500). The facility is only available for SIPs paid by direct debit or ECS.

At pre-determined periods, the investor can increase the amount of the SIP installment by a specified amount. This increases the investor’s flexibility.

A particular form for SIP top-up must be completed.

Forms can be downloaded on the fund house’s website. Existing SIP (scheme information, SIP frequency, SIP amount) and investor details (name, folio) must be provided. The amount of the top-up and the frequency of the top-up instalments should be specified.

If the mode of holding is “Joint,” all holders must sign the form. Some AMCs additionally demand that a bank mandate be included in the SIP top-up form. For each registered SIP, a separate top-up form must be completed. Between two consecutive top-up requests, the AMC specifies a time interval that must be maintained (typically 3-6 months).



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Jefferies Sees RIL To Jump Up To 50% In A Year If These 5 Triggers Are Set Out

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Investment

oi-Roshni Agarwal

|

Reliance Industries stock has been trading in a range for sometime now and saw the correction last week after its 44th AGM in which the company’s chairman Mukesh Ambani boasted of the firm’s robust financial performance. Also, on the sidelines he said that the Saudi Aramco deal shall happen this year.

Jefferies Sees RIL To Jump Up To 50% In A Year If These 5 Triggers Are Set Out

Jefferies Sees RIL To Jump Up To 50% In A Year If These 5 Triggers Are Set Out

Now, global research firm views RIL stock to even gain 50% in a year’s time. This the firm expects in the most bullish scenario and amid a situation if these aspects stand out for the conglomerate entity.

Furthermore in the base case situation, Jefferies see the price of RIL to scale to Rs. 2540, an upside of 22 percent while in the bear case it sees a downside of up to 11 percent to Rs. 1850. Last the stock of RIL traded higher by a tad at Rs. 2111 per share.

5 Triggers or Grounds listed by Jefferies which will propel bull run in RIL scrip are:

1. Completion of company’s O2C business and Saudi Aramco deal

2. Gross refining margin (GRM)s show recovery ahead of their estimates

3. Listing of the company’s Jio business that will provide for re-rating of the company’s valuation multiple

4. Reliance Retail, the company’s retail arm gets a good hold of the market at a rate better than anticipated.

5. Traffic increase for Jio in case of consolidation in the telecom space.

Jefferies take on RIL scrip

” Given the early stage nature of the technology, RIL’s portfolio strategy for the renewable (RE) can ensure its success. The government policy support for RE and capital subsidy schemes would improve the investment economics, said equity analyst at Jefferies.

The company’s diversified businesses offers a wide market to cater to. Reliance Retail that encompasses e-commerce and Jio Space are new business lines that will enable the company to expand and scale up. Similarly the partnership with Google and Facebook will also be a positive for the company.

GoodReturns.in



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6 Pointers to Note When Investing In Gold ETFs

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Planning

oi-Roshni Agarwal

|

At this time, when gold prices have been knocked down because of the Federal Reserve’s hawkish stance and dollar’s resilience on account of it, investing in gold ETFs can be a good take on the yellow metal right now.

6 Pointers to Note When Investing In Gold ETFs

6 Pointers to Note When Investing In Gold ETFs

This is as gold is always a good investment for long term which is considered a safe haven as also a hedge against inflation. Also, going forward as per experts in the domain, gold may see a pullback for some time before moving northwards again.

Now why gold ETFs?

Paper investment or financial investment into gold instead of the regular physical investment shall always bode well for investors as there is no risk such as risk pertaining to purity, storage etc. Also, as these ETFs come with low cost there is a benefit of low charges. Furthermore, for the investors there is no entry or exit charge in respect of Gold ETFs.

Pointers to note when investing in Gold ETFs

1. Gold ETFs can be traded like stocks and hence offer high liquidity:

In case the need arises, the investor need not panic of their money being stuck in Gold ETFs as they can be easily liquidated owing to their listing on exchanges. Also, there is no exit load.

2. Gold ETFs have to be maintained in demat account:

For Gold ETF, investor needs to have a demat account as they are held in a demat account Also, for executing trade in them, they can be carried through the investor’s trading account.

3. For Gold ETFs, buying and selling does not impact their AUM:
Against the regular mutual funds, wherein investors buying or selling them increases or decreases the funds AUM, this does not happens for Gold ETFs. In case of Gold ETF only title or ownership gets transferred from one person to another.

4. Gold ETFs regulated by SEBI and have underlying as gold which is maintained by the custodian:

Gold ETFs have gold as their underlying asset. Usually, gold ETFs keep their physical gold with Bank of Nova Scotia

5. Gold ETFs are exposed to price risk:

The only risk that Gold ETFs face is that of price risk, say when gold price moves lower Gold ETF value goes down by the same proportion.

6. Gold ETFs taxation:

Being treated as non-equity, for short term gains the holding period of 3 years and less is considered. LTCG are taxed at 20% tax after providing the benefit of indexation. Also, these Gold ETFs do not carry STT or Securities Transaction Tax.

All in all, unlike other investments, gold investment is also a hedge that protects that value of your other investments in uncertain times when other investments falter.

GoodReturns.in

Story first published: Thursday, July 1, 2021, 14:01 [IST]



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3 Top Cryptocurrencies Of June 2021

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Investment

oi-Roshni Agarwal

|

For the month of June, majority of the cryptocurrencies logged losses, but despite the volatility that stood out in this asset class during the month, you may want to know about the cryptocurrency which performed the best or saw the lowest losses. Here’s the complete list of top 3 cryptocurrency assets as sourced from the Coindesk- the blockchain news outlet that has compiled a list of top 20 crypto assets.

3 Top Cryptocurrencies Of June 2021

3 Top Cryptocurrencies Of June 2021

1. Bitcoin (BTC):

It may be surprising for some crypto enthusiast and stakeholders but the largest cryptocurrency has stood as the best performing crypto for the period under review i.e. June 2021. Though the market expectations such as imminent Death cross event spooked the crypto to again below $US 30000, it managed to end the June month higher.

2. Algorand (ALGO):

This is an open-sourced, decentralized blockchain capitalizing on two-tiered structure and is aimed at increasing speeds as well as realizing finality. The blockchain network makes use of Proof-of-Stake (PoS) consensus mechanism. For the month of June, ALGO loggest second lowest losses of more than 4 percent as per the Coindesk Research and the crypto last quoted at a price of $0.8451.

3. Filecoin (FIL):

The open-source cryptocurrency and digital payment solutions fell in value by over 14% or close to 15%. The cryptocurrency has been mined aiming to be a digital storage as well as data retrieval method. Developed by Protocol Labs, the Filecoin crypto allows users to rent unused space in the hard drive. As per Coinbase portal, the 24 hour change in the crypto has been down by 8 percent and quotes at $4205.

GoodReturns.in

Story first published: Thursday, July 1, 2021, 13:05 [IST]



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Here’s How New TDS Rules Are Going To Impact You From Today

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Taxes

oi-Vipul Das

|

Non-filers of income tax for the previous two financial years would be liable for higher TDS starting from today, i.e. July 1, 2021, under a new income tax regulation. If a taxpayer has tax deductions totalling Rs 50,000 or more in each of the previous two years, such non-filer will be subject to higher tax deducted at source (TDS) and tax collected at source (TCS). The Central Board of Direct Taxes has built a tool called ‘Compliance Check’ for Section 206AB & 206CCA to better execute the new TDS rule. In order to reduce the tax deductor’s compliance effort, CBDT said in a notification that “To ease this compliance burden, the Central Board of Direct Taxes has issued a new functionality “Compliance Check for Sections 206AB & 206CCA”. This functionality is already functioning through reporting portal of the income tax department (https://report.insight.gov.in).”

Here’s How New TDS Rules Are Going To Impact You From Today

For the clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961, CBDT has also said that “The tax deductor/collector can feed the single PAN (PAN search) or multiple PANs (bulk search) of the deductee/ collectee and can get a response from the functionality if such deductee/collectee is a specified person. For PAN Search, response will be visible on the screen which can be downloaded in the PDF format. For Bulk Search, response would be in the form of downloadable file which can be kept for record.” According to the CBDT, the TDS or TCS rates would be higher for those who have not submitted income tax returns for the past two years.

TDS or TCS shall be levied at double the rate indicated in the relevant section of the Income Tax Act, or at a rate of 5%. The rules of this section will not apply to salary, lottery or crossword winnings, horse racing winnings, trust income, and cash withdrawals. However, a non-resident Indian (NRI) who does not have a permanent establishment in India is excluded from this rule of higher TDS rate or double TDS. On the other hand, from July 1, the individual (buyer) whose overall sales, gross revenues, or turnover from the company conducted by him or her exceeds Rs 50 lakh will be liable to deduct the tax. Section 194Q of the Finance Act of 2021 authorised the deduction of tax at source (TDS) on payments for the acquisition of goods.

A purchaser who has to pay a resident seller for the acquisition of goods worth more than Rs. 50 lakhs in any previous year must deduct an amount equal to 0.1 per cent of such amount surpassing Rs 50 lakh. According to the official memorandum of Budget 2021 “Tax is required to be deducted by such person if the purchase of goods by him from the seller is of the value or aggregate of such value exceeding fifty lakh rupees in the previous year.”

Meanwhile, the Income Tax Department has also issued certain guidelines under section 194Q of Income-tax Act,1961(TDS on purchase of goods), effective from 01.07.2021. Regarding the same the tax department has recently declared via its Twitter handle that “CBDT issues Circular No.13 of 2021 dated 30th June 2021 detailing guidelines under section 194Q of Income-tax Act,1961(TDS on purchase of goods), effective from 01.07.2021.” The circular may be downloaded at (https://www.incometaxindia.gov.in/communications/circular/circular_13_2021.pdf).

Story first published: Thursday, July 1, 2021, 11:46 [IST]



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4 Equity Mutual Fund SIPs To Invest For The Month Of July 2021

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Canara Robeco Bluechip Equity Fund

This fund has generated solid 1-year returns of 53%, while in the slightly longer term of three years the returns are 19.55% on an annualized basis. Canara Robeco Bluechip Equity Fund has been well rated by rating agency CRISIL as 5-star. The portfolio of the fund is extremely sound at includes names like HDFC Bank, Infosys, ICICI Bank, Reliance Industries, Tata Consultancy Services and State Bank of India.

This fund is a largecap fund and the risk is therefore a little less compared to funds that are small cap or midcap. However, that does not mean there is no risk. Investors in largecap fund also face the risk, in case of a market collapse. This is why when the Sensex is at a peak of 53,000 points, we are recommending investors to go with good SIPs, which is the best bet in the current market to average your risk.

Axis Long Term Equity Fund

Axis Long Term Equity Fund

This fund has been a consistent performer over the years, and has often been rated in the 5-star category by Crisil, Value Research and Morning Star. It continues to be accorded a very high rating of 5-star by Morning Star.

You can start an investment with a small sum of Rs 500 by way of SIP. The fund is very large in terms of assets managed and currently has assets under management of nearly Rs 30,000 crores.

Almost 99.6% of the fund is invested in equities, which means the fund is very low on cash and cash equivalents. This may not neccessarily be the best option, if the markets fall, as the fund manager would not be on cash to invest. The fund has given a returns of 53% in a-year and the annualized yield of 16.15% over the last 5-years.

Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund as the name suggests is a tax saver fund that offers tax savings under Sec 80C of the Income Tax Act for investments upto Rs 1.5 lakhs.

Mirae Asset Tax Saver Fund has been rated 5-star by CRISIL and has generated returns of 68.15% in the last 1-year. The fund has assets under management to the tune of Rs 7,300 crores. The fund has mostly invested in largecaps with stocks like Infosys, HDFC Bank and ICICI Bank among the portfolio of the fund.

Investors can look to invest in the SIP of the fund with a small investment of as less as Rs 500 each month.

We wish to emphasize the fact that markets have run-up too sharply in the last few months and hence investing lumpsum amount can be dangerous. It is therefore, better to invest through the SIP route. Shouls the markets fall from these levels by 10% or so, investors can look to increasing their SIPs. At the moment the markets are very expensive.

UTI Flexi Cap Fund

UTI Flexi Cap Fund

UTI flexi Cap Fund is a fund that invests in stocks across different market capitalizations. This means the fund manager can move money from largecap stocks to small cap or midcap and vice versa. This can make the returns more dynamic and sync things in tune with the movement across companies.

UTI Flexi Cap Fund has a 5-star rating from CRISIL, which is the highest possible rating. This fund is good for those looking at long-term returns. UTI Flexi Cap Fund has generated a 1-year returns of 70%, in line in which the markets have moved over the last one year.

The 5-year annualized returns are more moderate at that 18% annualized mark. The holdings of the fund includes name like HDFC Bank, Bajaj Finance, HDFC, L&T etc.

Disclaimer

Disclaimer

Investing in mutual funds are risky and investors should do their own research. The author, or Greynium Information Technologies is not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as markets have run-up significantly.



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3 Top Rated Banking And PSU Debt Funds To Invest In India 2021

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Investment

oi-Roshni Agarwal

|

For those investors who are optimistic on the banking and PSU sector landscape going ahead can definitely park their corpus for fixed income investment in this category of funds for reaping higher return than bank fixed deposits. Now, before we discuss all such top rated funds, here is in brief what investors should be mindful of:

3 Top Rated Banking And PSU Debt Funds To Invest In India 2021

3 Top Rated Banking And PSU Debt Funds To Invest In India 2021

Is It The Right Time To Invest In Banking And Debt PSU Funds?

Banking and financial services sector form the foundation of the economy. Until now the sector confronted negatives such as weak asset quality but now these parameters seem to be behind us. Moreover, provisioning for bad debts has also reduced. Now as even amid the pandemic banks in India came up with better results with lower slippages, underlying strength in the sector is reflected. Also, India Inc.’s resilience provides for a better corporate NPA cycle picture.

Pointers to note when investing in Banking and financial services fund:

These should be invested in to form the fixed income portfolio for a long term or can even be pocketed in for medium term investment. Also, the fund tends to give returns by investing in the sector (i.e. mostly bonds issued by PSUs, banks) which shows high correlation to the economy.

Economic and sectoral risk can also have an impact on the returns generated by such funds and hence investors need to be prepared for even low returns. To moderate this aspect, funds deploy funds across sub-segments.

3 Banking and Financial services fund

Now considering all the above listed sectors if you want to participate in the growth story of banking industry of India going ahead:

1. ICICI Prudential Banking & PSU Debt Fund – Growth:

This is a 5-star CRISIL rated fund with an asset under management size of Rs. 13,920 crore. Expense ratio involved in the fund is 0.8 percent, while the fund carries moderate risk as per the mutual fund risk-o-meter.The fund has over 98% corpus invested in debt instruments and these funds primarily in bonds issued by banks, PSUs as well as PSU financial entities. The funds are able to give a better return than bank FDs.

For lump sum investment a minimum of Rs. 500 needs to be invested, while an investor can also start a SIP in the fund.
SIP of Rs. 10000 monthly has grown in value to Rs. 4.04 lakh in a period of 3 years.

2. Axis Banking and PSU Debt Fund-Growth:

The 4-star CRISIL rated fund commands an exorbitant fund size of Rs. 17,077 crore. As per the risk-o-meter the fund carries low to moderate risk and the expense ratio is 0.62 percent. Over the 3-year period, the fund has yielded a good over 8 percent return. NAV of the fund as on June 30, 2021 has been 2081.48.

Minimum SIP investment in the fund can be of Rs. 1000 while on a lump sum basis, investors need to put in a minimum of Rs. 5000.

3. Nippon India Banking & PSU Debt fund:

This is a CRISIL 3-star rated and Value Research 5-star rated fund. NAV of the fund as on June 30, 2021 is 16.32. SIP investment in the fund can be started for as less as Rs. 100 and minimum lump sum investment has to be to the tune of Rs. 5000.
SIP started 3 years back with a monthly investment of Rs. 10000 is now equivalent to Rs. 4.08 lakh.

Taxation of Banking and PSU Debt fund

Holding period Capital gains Taxation rule
More than 3 years Long term capital gains 20% after providing for indexation
Before 3 years Short term capital gains Gains added to taxable income and taxed as per individual’s tax slab

For dividends, these are added to individual income and taxed as per the respective tax slab. Also, in a case if the dividend income exceeds Rs. 5000 in a fiscal year then TDS of 10% is also deducted.

Disclaimer: Note the above story is for informational purpose. Investors should consult financial advisers before taking any investment decision.

GoodReturns.in



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Bitcoin’s year so far, BFSI News, ET BFSI

Personal Finance

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LONDON: If you’re a bitcoin investor, your nerves may have taken quite a pounding in 2021.

The cryptocurrency‘s journey towards the investment and commercial mainstream has gathered pace, with major financial firms and companies embracing the emerging asset.

Such interest helped push it to a record high just shy of $65,000 in April. Yet in typically capricious fashion, it has since slumped by almost half.

At the halfway point of the year, the original and biggest cryptocurrency is up around 20% year-to-date. Here are some charts that tell the story of bitcoin’s year so far.

1/STILL VOLATILE
Wild price swings have been a defining feature of bitcoin throughout its near 13-year life. The first half of 2021 has been no different, despite hopes that greater liquidity in markets and stronger infrastructure would dampen swings.

Bitcoin more than doubled from the start of the year to its all-time high of $64,895 hit in mid-April, before slumping by over half in just five weeks as regulators across the world – especially China – cracked down on cryptocurrencies.

In May alone bitcoin lost 35%, in its worst month since 2018. Last week it fell under $30,000 for the first time since January, briefly wiping out its year-to-date gains.

Many larger investors also left the bitcoin market after prices spiked in the first quarter, with some shifting to gold, according to JP Morgan analyst Nikolaos Panigirtzoglou.

“What we found out in the second quarter was that actually demand for bitcoin is price sensitive,” he said. “Some institutional investors started getting out of bitcoin in April … they thought bitcoin prices were too high relative to gold.”

2/BITCOINS OR ALTCOINS?
Bitcoin has attracted the lion’s share of the headlines so far this year. Yet many of its smaller digital currency rivals – known as the altcoins – have posted bigger gains.

Ether, the second-largest cryptocurrency, has nearly trebled so far this year, bolstered by a surge in the so-called decentralised finance sector. “DeFi” often uses its underlying blockchain technology to offer financial services without traditional middlemen such as banks.

Signs that the ethereum blockchain is gaining traction with mainstream financial firms has also fuelled gains.

XRP, the seventh-largest coin, has gained a similar amount. Other once-obscure coins such as dogecoin, started in 2013 as a joke, have also far outpaced bitcoin, with investors drawn to the prospect of quick gains. Dogecoin is up over 5,000% so far this year.

3/OUTPACED BY MEME STOCKS
Retail investors have embraced bitcoin this year, attracted by narratives that it can act as a hedge against inflation and as a future payment method.

Also driving gains has been a perception that it is a vehicle for quick gains – a perceived quality shared by another 2021 financial market phenomenon: “meme” stocks, whose value is propelled by social-media buzz.

GameStop Corp and AMC Entertainment Holdings , two of the leading meme stocks, soared in the first quarter along with bitcoin, fuelled by retail investors with spare cash and free time because of coronavirus stimulus lockdowns.

Yet the assets have since decoupled, with bitcoin’s gains for the year so far outpaced by GameStop – up more than 1,000% – and AMC Entertainment, which has surged over 2,500%.

“It’s just an extension of free money just going crazy and so I think that has somewhat you can see that rippling over into cryptocurrencies,” said Joel Kruger, a strategist at crypto exchange LMAX Digital.



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