Category: Personal Finance

1. Ethereum (ETH):

Ethereum founded in the year 2014 by Vitalik Buterin is a decentralized blockchain. As of now it is being iterated that the crypto has the potential to even pip Bitcoin in valuation. As it is for some time we saw higher volumes in the case of Ethereum in comparison to Bitcoin.

Now coming to how it shares similarity with the most popular crypto is that is an open source i.e. anyone, anywhere can download the software and start communicating with the network.

The dissimilarity between the 2 i.e. Bitcoin and Ethereum is that they differ in their long term objective i.e. while the core purpose of Bitcoin is to act as a currency, Ethereum is intending to enable all those operating with the Ethereum network to operate ‘smart contracts’. In lay men terms smart contracts are apps that run in line with the programming that is there is no probability as well as possibility of fraud, downtime etc.

Ethereum as is confirmed by its co-founder will work on becoming more environment friendly and for it, Ethereum shall make a switch from Proof of Work to Proof of Stake system.

Price performance of Ethereum over the last one year and future price predictions

In the last 12 months period, the crypto has moved higher by a whopping 1000% and analysts and various other crypto experts suggest that Ethereum has the potential to even eclipse Bitcoin.

Note the price predictions for crypto Ethereum are basis Digitalcoin.

2. Binance Coin (BNB):

This digital coin is based on Ethereum blockchain and is used for trading in cryptos as well as for fees against crypto trades executed on Binance exchange. Binance exchange typically functioning around cryptocurrencies as against other industry players intend to provide a comprehensive infrastructure for cryptocurrency trades that eliminates all such hassles associated with trading in cryptos.

Current price trend for Binance Coin and Price Prediction

As of writing this copy, Binance Coin has taken a heavy known down of over 21 percent during the last 24 hours in line with the overall meltdown in the cryto space.

Note the price prediction tabulated above is as per the longforecast.com

3. Ripple (XRP):

The digital token Ripple as per Forbes is typically to address the needs of the global financial services and banking industry. Primarily the token is a money transfer system. Notably, despite the longer term plans the crypto is facing legal hassles with the SEC nonetheless that is not stopping the token to surge in value, not to mind the current severe fall. Furthermore, XRP is the token designed to function on the Ripple network.

The utility or the use case of Ripple is its USP that is transfer of other currencies including commodities such as gold or oil for that matter over the Ripple network. Notably every time a bank uses the Ripple network for transfer of any asset including money, the cost is debited in respect of it as a small amount of XRP. This is what adds to the value of ‘XRP’ and it is hence deemed to be a fuel or drive for the machines that engage in such transfers.

Current price trend for XRP and Future price predictions for XRP

At time of writing this report, XRP ranked on the 7th spot on coinmarket.cap and was seen trading lower by almost 23% at a price of $0.526.

There are expectations that the crypto can win over the legal case against the US SEC and surge to $20 by year end.

Price Prediction for Ethereum, Binance Coin and Ripple In A Table

Conclusion

Like every other asset while cryptos can earn you immensely there are inherent risk that cannot be overlooked. In recent past, some of the frauds in the crypto universe have also come to light. Also some of the ace people in the field have suggested that they (cryptos) can even erode most of their value in due course. So at most investors in India who are keen to take a bet on cryptos i.e. currently being traded in an unregulated environment, by investing only that much amount that they can afford to lose and not anything less or more than it.

What is Artifical Intelligence?

Artificial intelligence (AI) is the simulation of human intelligence in robots that have been trained to think and act like humans. AI has the potential to add US$957 billion to India’s current GDP, or 15%. In 2035, AI has the potential to add US$957 billion, or 15% of India’s present gross domestic product. The combination of technology, data, and skill that enables intelligent systems has achieved critical mass, propelling AI investment to new heights.

Tata Elxsi

Over the last 25 years, Tata Elxsi has been facilitating technology-based advancements. It features a wide spectrum of breakthroughs enabled by AI and analytics, from self-driving cars to video analytics solutions. Tata Elxsi’s Artificial Intelligence Centre of Excellence (AI CoE) addresses the increasing demand for intelligent systems. Customers may swiftly adopt and modify the landscape using its cloud-based integrated data analytics frameworks, which feature patent-pending technologies, to get actionable insights and superior results.

Over a three-year period, the stock returned 174.89 percent, while the Nifty IT provided investors a 106.55 percent return. In the fiscal year ending March 31, 2021, the company spent less than 1% of its operating revenues on interest charges and 56.1 percent on staff costs.

Bosch

The Bosch Center for Artificial Intelligence (BCAI) was founded in 2017 to apply cutting-edge AI technology throughout, Bosch products and services, resulting in innovative solutions. Bosch created the technological groundwork for AI to have a real-world impact. Its research produces differentiation in six areas using data from all of Bosch’s disciplines, with a focus on core AI technologies.

Only 1.08 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock earned a negative return of -15.94 percent over a three-year period, compared to 44.16 percent for the Nifty 100 index.

Kellton Tech

Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. With over 1400 people, the company generated net revenues of Rs. 7.39 billion. Kellton Tech creates cutting-edge, focused AI solutions to challenges that traditionally needed a great lot of human intellect, ranging from machine learning to deep learning. Over a three-year period, the stock returned 40.86 percent, while the Nifty IT delivered investors a 106.55 percent return. Kellton Tech Solutions Ltd., founded in 1993, is a Small Cap business in the IT Software sector with a market capitalization of Rs 712.75 crore.

Happiest Minds

To help organizations provide immersive consumer experiences and surpass the competition, combine augmented intelligence with natural language processing, image analytics, video analytics, and upcoming technologies like AR and VR at Happiest Minds.

Happiest Minds imagine and develop the next generation of intelligent systems capable of thinking, learning, creating, and making decisions in the same way that humans can.

In the fiscal year ended March 31, 2021, the company delivered an ROE of 29.62 percent, surpassing its five-year average of 23.07 percent. Happiest Minds Technologies Ltd., founded in 2011, is a Large Cap business in the IT Software sector with a market capitalization of Rs 13,507.78 crore.

Zensar Technologies

Zensar Technologies is betting on Artificial Intelligence (AI). The company’s go-to-market strategy is now pivoting away from digital and toward disruptive AI. Zensar AIRLabs, the company’s R&D department, has filed for 100 patents in the last several years and is now entirely focused on AI. Zensar announced the initial set of platforms for seven major areas last week, including sales, marketing, IT, talent supply chain, HR, collaboration, projects, and programs, to help customers create value. Over a three-year period, Nifty IT Stock returned 15.63 percent, compared to Nifty IT, which returned 106.55 percent to investors.

Cyient

Cyient assists companies in achieving business objectives rather than merely new tools and technologies. For self-driving cars, AI can detect changes in the real environment and update maps in real time. Such navigation helpers can aid autonomous vehicles in fully comprehending the world around them and taking the appropriate actions to avoid collisions. Rather than simply providing new tools and technologies, it aids businesses in attaining their goals.

Over a three-year period, the stock returned 24.4 percent, while the Nifty IT returned 106.55 percent to investors.

Persistent Systems

Persistent turns AI and machine learning dream into reality with solutions that aid at every stage of AI and machine learning development. With a methodology that helps prioritize use cases, design platform architecture, scale model development, and operationalize models across the company, our solutions ensure that you realize successful outcomes from your AI & ML investments. Annual sales growth of 16.16 percent surpassed the company’s three-year CAGR of 10.75 percent. Over a three-year period, the stock returned 208.41%, compared to 106.55 percent for the Nifty IT.

Saksoft

Saksoft assists customers in achieving transformational transformations through intelligent decisions, increased efficiency and productivity, enhanced customer experience, and service innovation by leveraging the critical combination of Artificial Intelligence and automation. Saksoft accelerates digital transformation and applies intelligent automation to solve business problems by combining automation and modern technologies such as RPA, machine learning, IoT, and Artificial Intelligence.

Over a three-year period, the Saksoft shares returned 118.06 percent, while the Nifty IT provided investors a 106.55 percent return.

Oracle Financials

Oracle can assist you in implementing AI in your company and IT processes. With Oracle Cloud applications and platform, as well as Oracle Autonomous Database, all operating on Oracle’s Gen 2 Cloud, you can speed up automation, minimize human errors, and gain greater business insights. Only 2.35 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned -11.82 percent over three years, compared to 44.16 percent for the Nifty 100.

Affle

Affle is a global technology company that offers end-to-end App Marketing solutions. Consumer Platform and Enterprise Platform are the company’s two business segments. Affle’s Consumer Platform is a proprietary consumer intelligence platform that uses relevant mobile advertising to drive consumer acquisitions, interactions, and transactions.

Conclusion

The information provided on this article and the website is for educational and informational purposes only and it is not considered to be advice or recommendation of any kind whatsoever. Anyone who wishes to apply the concept and ideas contained in this article takes full responsibility for their actions.The article related to the stock market are basically for educational purposes and stock market are subject to risk, we are not forcing you to trade in the stock market, it is your own will.

10 AI Focused NSE/BSE Listed Company Stocks In India

AI Focused Companies In India

• Dixon
• Dhampur Sugra Mills
• P & G Health
• Honeywell Automation
• 3M India Limited
• PFizer
• Intellect Design
• Sasken
• Subex
• BSL Suiting
• HCL infosystems
• Xelpmoc
• ARAPL
• TransPact
• Alphalogic

• Infoegde India Limited
• L & T technology services
• Coforge Limited
• TCS
• Infosys Limited

1. Axis Focused 25G

This focused fund from the Axis mutual fund house commands a sizeable AUM of Rs. 16,540 crore. The fund is categorized as a very high risk fund and carries an expense ratio of 1.83 percent. Of the total corpus, fund is majorly invested into large caps with only a small portion into mid-caps.

Over a 1-year period, the fund has underperformed the benchmark index Nifty 50 TRI. SIP in the fund can be started for as less as Rs. 500.

Rs. 10000 monthly SIP started 3 years back in the fund is now worth Rs. 5.06 lakh. The fund’s top holdings comprise Bajaj Finance, Kotak Mahindra Bank, TCS, Avenue Supermarts, Pidilite Industries, HDFC, Info Edge (India) and Divi’s Lab.

2. SBI Focused Equity-G

The fund is placed in the moderate risk category and carries an expense ratio of 1.79% as against the category average of 2.24%. The fund is invested into large, mid and small cap stocks. The fund’s benchmark is S&P BSE 500 TRI.

A SIP of Rs. 500 can be started in this SBI focused equity scheme.

Top holdings of the fund include stocks like HDFC Bank, Alphabet, P&G Hygiene, Alphabet Inc, ABB India, Gland Pharma, Avenue Supermarts etc.

Rs. 10000 SIP started 3-years ago in the fund is now worth Rs. 5.16 lakh, while a lump sum investment of Rs. 1 lakh is now Rs. 1.56 lakh.

3. IDFC Focused Equity Reg-G:

Assets under management of the fund are to the tune of Rs. 1455 crore. The risk-o-meter defines the fund to be moderately high on risk, while the expense ratio of the fund is 2.18%. The benchmark of the fund is S&P BSE 500 TRI and during a 1-year time period the fund has underperformed the benchmark with a return of 45.44%.

Rs. 10000 SIP in 3 years time has grown to Rs. 4.71 lakh. An investor can start a SIP in this IDFC focused fund for just Rs. 100.

Top holdings of the fund include ICICI Bank, SBI, Infosys, HDFC Bank, Axis Bank, Federal Bank, UltraTech Cement and M&M Financial Services among others

4. Tata Focused Equity Fund Reg-G

The fund is majorly invested into large cap stocks and carries an expense ratio of 2.16%. The fund as per the risk-o-meter is a high risk investment bet. Minimum SIP amount for the fund is Rs. 150.

Rs. 10000 monthly SIP in 1 year has grown into an amount of Rs. 1.52 lakh.

In March the fund has notified the change in fund manager under Tata mutual fund.

Top holdings of the fund include ICICI Bank, SBI, Infosys, RIL, HDFC bank, HDFC, Bharti Airtel, BPCL etc.

Taxation of equity mutual funds

Typically for the purpose of taxation, those funds are categorized as equity schemes which have an exposure of over 65% into equities. And short term capital gains accrue, if the holding period is less than 1 year, while if it is over 1 year then long term capital gains are realized by an investor.

Note long term capital gains up to Rs. 1 lakh in a fiscal year are exempt from tax.

GoodReturns.in

Suryoday Small Finance Bank revises its fixed deposit interest rates as of June 21, 2021. Suryoday Bank’s FD rate ranges from 3.25 per cent to 6% for general customers and 3.25 per cent to 6% for senior citizens for deposits ranging from 7 days to 10 years after the most recent adjustment. The bank offers the highest rate of interest on five-year deposits. The general public and elderly citizens will get 6.25 per cent and 6.50 per cent interest on their deposits, respectively.

Suryoday Small Finance Bank FD Rates

Below are the most recent fixed deposit interest rates of Suryoday Small Finance Bank which are in force from June 21, 2021 for a deposit amount of less than Rs 2 Cr.

Note

Capital Small Finance Bank and Equitas Small Finance Bank both cut interest rates on June 3rd and 1st June 2021. On a 900-day FD, Capital Small Finance Bank provides the highest interest rate of 6.25 per cent, while Equitas Small Finance Bank provides the highest rate of 6.5 per cent on an 888-day FD. Among the interest rates on fixed deposits, Small Finance Banks always provide the highest rate. For instance, according to their websites, Utkarsh Small Finance Bank for a deposit period of 700 days and North East Small Finance Bank for a deposit period of 777 days are the banks that provide a 7% interest rate on FDs which is much higher than the interest rates of leading private and public sector banks.