Category: Personal Finance

ICICI Bank, SBI and Axis Bank Shares: “Top Stock Buys” Says This Report

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Strong balance sheets, strong capital ratios, high provision coverage

Some of these banks according to India Strategy Financials Report from Motilal Oswal Financial Services can benefit from multiple factors.

“As growth picks up, the earnings momentum of corporate banks coupled with the valuation of headroom can serve as the twin catalysts of performance. In the decade ahead, large banks such as SBI, ICICI Bank and Axis Bank have undergone adverse corporate asset quality cycles, which bottomed out over FY 18-19. These banks have also beefed up their balance sheets by raising capital during the pandemic and emerged stronger in FY21 with the solid performance on PPOP/earnings and asset quality.

Motilal Oswal Financial Services expects the pace of market share gains in large private banks to accelerate sharply during this decade owing to their (a) strong balance sheets, (b) competitive cost of funds, (c) higher provision coverage on the existing stressed pool, and (d) strong capital ratios,” the report says.

Reasonably valued

Reasonably valued

According to the Motilal Financial Services report most banks are currently trading either below or near their long-term average multiples.

“As the corporate cycle strengthens further and growth picks up, the earnings momentum of corporate banks coupled with the valuation headroom can serve as twin catalysts for outperformance. Typically when the cycle turns, the valuation multiple of stock shifts from the lows to highs and doesn’t trade at average multiples of the cycle. This shift in valuation multiple expansion from lows to highs drives outsized gains. The preferred buy stock ideas are ICICI Bank, SBI, and Axis Bank,” the report has stated.

Stocks have fared well in the past year

Stocks have fared well in the past year

ICICI Bank, Axis Bank and SBI have all performed much better than HDFC Bank over the last 1-year. Let’s take a look at the price performance for these three stocks.

Share price on June 21 52-week low 52-week high
ICICI Bank 621.50 333 679
Axis Bank 731 384 799
SBI 406 171 442

The stocks of ICICI Bank, Axis Bank and State Bank of India have all rallied sharply from 52-week lows, with SBI having been the best performer.

Over March’10-May’21, while HDFC Bank multiplied 9.5 times, SBI, ICICI and Axis stocks returned only 2.8-4.8 times, signifying the scale of underperformance over the likes of HDFC Bank.

The tide may just be turning now and over the next decade corporate oriented banks may just do better owing to the facts listed above.

Disclaimer

Disclaimer

The above stocks are based on the report of Motilal Oswal. Investing in stocks are risky and investors should do their own research. The author, the brokerage firm 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 markets have run-up significantly. Please consult a professional advisor.



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You May Have To Pay Rs 10,000 As Penalty To The Income Tax Department In July, Here’s Why

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Taxes

oi-Vipul Das

|

The timeframe for linking your PAN and Aadhaar is coming near, and you must fulfil it as a part of your complete KYC documents or records. According to the tax department, linking Aadhaar and PAN before the deadline of 30 June 2021 is mandatory since failure to fulfil the deadline would result in incomplete KYC of the taxpayer. An individual holding a PAN card that has not been linked with his or her Aadhaar card would be regarded as an invalid PAN cardholder or an individual with not having complete KYC documents after June 30, 2021.

You May Have To Pay Rs 10,000 As Penalty To The Tax Dept In July, Here's Why

Just like Aadhaar Card, a PAN Card is an important document for completion of KYC, as a result of incomplete KYC or not linking of PAN with Aadhaar will enable an individual to face unwanted interruptions. When a PAN card becomes invalid, an individual’s savings account is considered as an ‘Incomplete KYC Account’. In case, the individual receives interest on a savings account in excess of Rs 10,000, the TDS (Tax Deduction at Source) rate would be doubled, i.e. 20%, since the TDS rate on bank accounts seeded with PAN details cards is 10%. In the instance of an invalid PAN card, if an individual deposits Rs 50,000 or more, the Income Tax Department has said that the depositor may be fined a penalty of up to Rs 10,000 as per section 272B of the Income-tax Act.

If your PAN is invalid, you will be unable to submit your income tax return, establish a bank, post office, demat or fixed deposit account, or conduct certain transactions, and you will be subject to a higher TDS and penalty. If you do not link your PAN with Aadhaar on or before June 30, 2021, your PAN will not only become inactive, but you will also be subject to a penalty of up to Rs 1,000, according to the Income Tax Department. As a result, bank account holders are urged to link their Aadhaar card with their PAN card on or before the deadline to avoid the above discussed unwanted financial hitch.



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These 5 Stocks Have Generated Multibagger Returns of Over 500% In Past One Year

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CG Power

Price: 80.50

Market Cap: 10.71TCr

CG Power and Industrial Solutions Ltd., founded in 1937, is a Small Cap business in the Electric/Electronics sector with a market cap of Rs 10,877.92 Crore. In the previous year, CG Power & Industrial Solutions’ stock has returned more than 1200 percent to its stockholders. On June 3, 2020, the stock was trading at Rs 6.3. It has risen to Rs 87.30 today, representing a gain of 1285 percent over the last 12 months. In comparison, Sensex increased by 53% in a year. The stock returned 47.95 percent over the course of three years, compared to 42.83 percent for the Nifty Midcap 100.

Venus Remedies

Venus Remedies

Price: 346.95

Market Cap: 466.29Cr

Venus Remedies Ltd., founded in 1989, is a Small Cap business in the Pharmaceuticals sector with a market capitalization of Rs 455.75 crore. Over a three-year period, the stock had a return of 508.84 percent, compared to 51.1 percent for Nifty Pharma. In comparison to the Nifty Smallcap 100, which returned 27.65% over three years, the stock returned 508.84 percent. Note that Company has reported a negative ROE for 3 consecutive years.

Saregama India

Saregama India

Price: 2,664

Market Cap: 4.66TCr

The stock returned 281.48 percent over three years, compared to 27.65 percent for the Nifty Smallcap 100. Saregama India Ltd., founded in 1946, is a Small Cap company in the Media & Entertainment industry with a market capitalization of Rs 4,357.61 crore. License Fees, Media Products, Films/TV Serials, and Other Operating Revenue are among Saregama India Ltd.’s primary products/revenue segments for the fiscal year ending 31-Mar-2020.

Jaiprakash Associates

Jaiprakash Associates

Price: 13.40

Market Cap: 3.27TCr

Jaiprakash Associates Ltd., founded in 1995, is a Small Cap business in the Diversified sector with a market capitalization of Rs 3,654.14 crore. The company gets income From Construction Work, Cement, Income From Real Estate Development, Service (Hotel), Power, Sale of Services, Other Operating Revenue, Fabrication, Scrap, and Manpower Supply are some of Jaiprakash Associates Ltd.’s core products/revenue segments.

Magma Fincorp

Magma Fincorp

Price: 148

Market Cap: 11.31TCr

Magma Fincorp Ltd., founded in 1978, is a Small Cap business in the NBFC sector with a market capitalization of Rs 11,824.00 crore. Interest, Fees & Commission Income, Income From Financial Services, and Lease Rentals are some of Magma Fincorp Ltd.’s primary products/revenue segments. In comparison to the Nifty Midcap 100, which returned 42.83 percent over three years, the stock returned -10.19 percent. In the past year, the stock has given returns over 500% on June 21.

These 5 Stocks Have Rallied Over 500% In The Past One Year

These 5 Stocks Have Rallied Over 500% In The Past One Year

Company 1 Year Return (June 21) YTD
CG Power 1,130.77% 79.17%
Venus Remedies 523.43% 105.87
Saregama India 517.10% 220.56%
JP Associates 570.00% 72.90%
Magma Fincorp 531% 263.86%

Conclusion

Conclusion

A market index measures the performance of a set of stocks that can reflect the entire market or a specific market sector, such as technology or retail. Earnings are significant, but they don’t reveal much on their own. Returns alone do not reveal how the stock is valued in the market. To get a sense of how the stock is priced, you’ll need to use additional fundamental analytical methods. Most of these ratios may be found pre-filled on finance websites, but they aren’t difficult to compute on your own. If you want to give it a shot, keep in mind that some of the most popular fundamental research tools are focused on earnings, growth, and market value.

Disclaimer

Disclaimer

Please keep in mind that past results may not be indicative of future outcomes. There can be no promise that the future performance of any specific investment, investment strategy, or product mentioned directly or indirectly in this article will be profitable, equal to any comparable indicated historical performance level(s), or be suitable for your portfolio.



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3 Banks That Allow Unlimited Free ATM Transactions In India

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IDBI Bank

The bank claims to allow 5 free transactions at its branch ATMs. At other Bank ATMs, you can make 3 free transactions in 6 metro cities and 5 free transactions in other places. The bank, on the other hand, provides free ATM transactions for a particular set of credit and debit cards. According to RBI standards, amounts incorrectly debited to customers’ accounts as a result of unsuccessful ATM transactions are refunded back within seven working days of receiving the customer’s grievance.

IndusInd Bank

IndusInd Bank

At every bank ATM in India, IndusInd Bank allows unlimited free ATM transactions. The bank claims on its official website that “Unlimited Free ATM Withdrawal with your IndusInd Bank Debit Card across any ATM in India.” Along with unlimited free ATM withdrawals, the bank also offers doorstep Banking, which allows you to have your cheques and cash picked up or delivered at your residence without incurring any fees. The bank provides one free Cashier’s Cheque or Demand Draft delivery per day, one free Cheque Pick-up per day, one free Cash Delivery per day up to Rs 1 lakh, and one free Cash Pick-up per day up to Rs 1 lakh as part of its doorstep banking service.

State Bank of India

State Bank of India

SBI account holders can use any of the State Bank ATM-cum-Debit Cards to conduct free transactions at State Bank Group ATMs, which are located across the country. State Bank Group ATMs comprise all ATMs operated by State Bank of India and its Associate Banks, which include State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. However, customers of SBI should maintain an average savings account balance of more than Rs 25,000 to make unlimited withdrawals from State Bank Group (SBG) ATMs. But a savings account holder with a balance of more than Rs 1,00,000 would be eligible for limitless transactions at SBG and other bank ATMs as well.

5 Recent Cash Withdrawal Rules You Need To Know About

5 Recent Cash Withdrawal Rules You Need To Know About

Recently, the Reserve Bank of India (RBI) has authorized the banks to raise fees for cash and non-cash ATM transactions over the free monthly allowance. Here are five updates regarding ATM cash withdrawal rules that every ATM user should be aware of:

1. Free cash withdrawal rule at own bank ATMs: Customers can now enjoy five free transactions each month from their own bank ATMs, including financial and non-financial transactions.

2. Free ATM transaction rule at other bank ATMs: Customers or ATM Cardholders can now enjoy free transactions from other bank ATMs, including financial and non-financial transactions, with three transactions in metro areas and five in non-metro locations.

3. New ATM Cash Withdrawal Charges: The Reserve Bank of India has authorized banks to levy fees for ATM transactions over the free threshold. In its latest circular RBI has clearly mentioned that “To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to Rs 21 per transaction. This increase shall be effective from January 1, 2022.”

4. New intercharge fee: In all locations, the RBI has approved a hike in interchange fee from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non-financial transactions. This will take effect on August 1, 2021.

5. Hike in ATM withdrawal charges beyond the free transaction limit: A customer or ATM Cardholder will have to pay Rs 21 for each ATM cash withdrawal instead of Rs 20 that exceeds the free transaction threshold, according to a recent RBI circular. This will go into effect on January 1, 2022.



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Bitcoin drops as hashrate declines with China mining crackdown, BFSI News, ET BFSI

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Bitcoin dropped over the weekend amid a focus on Chinese mine closures and potential regulatory scrutiny.

The largest cryptocurrency fell 5.5% to $34,142 as of 10:50 a.m. Sunday in New York, dropping for a fourth time in the past five sessions. Ether, the second-biggest, declined 5.9% to $2,095.

The hashrate in China is dropping significantly as Bitcoin mines are being closed, Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX wrote in an email Saturday, citing reports on Twitter from handle @bigmagicdao.

“Longer term most see hashrate moving out of China as positive but in the near term may have/has already resulted in inventory sales,” Cheesman said.

Cheesman also mentioned the death cross, which occurs when the 50-day moving average drops below the 200-day, but noted that “backtesting isn’t statistically significant” on the signal for Bitcoin. When the coin experienced a death cross in March 2020, for instance, that was at the start of a yearlong rally.

Cryptocurrencies have been enduring a lull recently. Bitcoin is trading at about half its record high of nearly $65,000 reached in mid-April. The market value of all cryptocurrencies is about $1.45 trillion, as measured by CoinGecko, versus a high around $2.6 trillion last month.

One of the factors cited has been concern about China clamping down on mining amid concerns about energy usage, and in the wake of deadly coal accidents.

The city of Ya’an in the southwestern region of Sichuan has promised the provincial authorities to root out all Bitcoin and Ether mining operations within one year, said a person with knowledge of the situation. According to a report in the Communist Party-backed Global Times, the closure of many Bitcoin mines in the province has resulted in more than 90% of China’s Bitcoin mining capacity being shuttered.

About 65% of the world’s Bitcoin mining took place in China as of April 2020, according to an estimate by the University of Cambridge.

In addition, Edward Moya, senior market analyst at Oanda Corp., said Bitcoin was being pressured by the sudden drop by the Titan token to nearly zero — a stablecoin that had drawn even billionaire Mark Cuban. Regulators had already been expressing concern about stablecoins, and Cuban himself encouraged further regulation of the space after the episode.

“Bitcoin tumbled as the demise over the Titan token raised the pressure of regulators to deliver more protections for the public,” Moya said in an email Friday. “Titan’s crypto crash was a surprise to many as it is a partially collateralized stablecoin. Given the risk-off environment that is hitting Wall Street, cryptocurrencies are under pressure.”



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PMC Plan: BharatPe and CFS will collectively infuse between Rs 500-3,000 crore in SFB

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“We do not know how much amount existing PMC Bank depositors will be able to withdraw, but we want to allow them withdrawing as much as possible,” he further said.

By Ankur Mishra

Centrum Financial Services and BharatPe, will collectively infuse anywhere between Rs 500-3,000 crore capital in the small finance bank (SFB) as per requirement, according to BharatPe group president Suhail Sameer. In an interaction with FE, he said both the partners have agreed to put an equal amount in the bank which will start with Rs 500 crore capital. He also said a final call on PMC Bank depositors will be taken after the amalgamation scheme is prepared by the regulator.

“One thing was clear in our discussion with RBI that interest of depositors is supreme,” Sameer said. According to him the new owners want to allow PMC depositors to withdraw as much as possible from the bank. “We do not know how much amount existing PMC Bank depositors will be able to withdraw, but we want to allow them withdrawing as much as possible,” he further said.

Without sharing details of exact asset-liability mismatch in PMC Bank, Sameer said they have a plan in mind to tackle the same, which is yet to be approved by the regulator.

In the next 3-4 months, the focus for Centrum-BharatPe will be to make small finance bank (SFB) operational, after Reserve Bank of India (RBI) has granted in principle approval to set up SFB on Friday. Under Section 45 of the Banking Regulation Act one can only prepare a merger scheme between two banks and, therefore, the process will start only once SFB is set up. BharatPe expects to extend its existing relationship with its merchants by offering them savings and current accounts, along with banking and credit services.

“Initially high interest rates on deposits will be our pull factor, but overall we want to offer convenience to our customers,” Sameer said. With the kind of reach BharatPe has, mobilising deposits should not be an issue for our bank, he added.

BharatPe facilitates over Rs 200 crore of loans to its merchant partners every month through its NBFC partners. The company has deployed more than 50,000 point of sales (PoS) machines and enables transactions of more than Rs 900 crore per month on PoS machines. BharatPe has presence in 75 cities in the country.

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Best Listed Defence Sector Stocks To Invest Now In India 2021

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Investment

oi-Roshni Agarwal

|

If you wish to play the recent import embargo put by the centre in respect of defence equipments, here are a few stock ideas from the defence space you can consider for investment. But before that let us know in brief the dynamics of the defence industry in India:

4 Best Listed Defence Sector Stocks To Invest Now In India 2021

4 Best Listed Defence Sector Stocks To Invest Now In India 2021

Defence sector in India

The government is majorly focused on the defence sector in India given the scope it provides in respect of both investment as well as indigenization. The last import ban imposed in August for 101 items including high end defence equipment such as missiles, radar etc. is estimated to lead to a demand creation of Rs. 4 trillion for the domestic defence sector over the next 6-7 years.

Expenditure towards the sector totals to Rs. 30 trillion and a major chunk of it is through imports i.e. around 45-50%. But now through its ‘Make in India’ and ‘Aatmanirbhar push’, the government is getting private companies’ onboard into defence equipment manufacturing, nonetheless the results will reflect over the course of time.

Why you should include defence stocks in your portfolio?

Holding a diversified portfolio is the key to success in one’s investments and so is while creating a stock basket. Talking in particular about the defence space, here are listed a few of the many reasons why stocks from defence pack offer a good opportunity to investors:

1. China-India stand off is still not resolved completely and hence there shall be requirement of defence ammunitions and hence the boosted demand for these companies.

2. Government’s ‘Aatmanirbhar’ nudge is another area that is boosting up the opportunity for the sector as now defence system in India will solely or heavily depend on indigenous suppliers. In the recent import list ban notified on May 31, 2021, 108 items have been put in the import ban list i.e. they need to be mandatorily sourced from indigenous suppliers.

3. Operating profit levels are gradually rising for these companies after the weak Q1FY21 period. Order book for these companies are full. Some of these companies like Bharat Dynamics are purely debt free companies.

List of defence related companies listed on the Indian exchanges

1. Ashok Leyland
2. Astra Microwave
3. BEML
4. Bharat Forge
5. Bharat Dynamics
6. Bharat Electronics
7. Larsen & Toubro
8. Reliance Naval & Engineering
9. Rolta India
10. Hindustan Aeronautics
11. Walchandnagar Industries
12. Cochin Shipyard
13. Garden Reach Shipbuilders

1. Bharat Forge:

1. Bharat Forge:

Set up in the year 1961 by Dr. NilkanthaRao A Kalyani is among the leading forging companies in India. The company has capabilities in developing, designing, manufacturing and engineering systems and sub-systems space for Artillery Guns, Armoured Fighting Vehicles, Protected Vehicles, Ammunition, Defence Electronics and Small Arms.

The one positive for the stock of Bharat Forge is the rising exports and because of it the scrip is constantly seeing earnings as well as price target upgrades. For the FY22, analysts have upgraded the earnings forecast for Bharat Forge by 15-20 percent given the sustainable and robust growth in exports as well as on account of resilience shown by the domestic non-auto segments. Also, as per reports, the private firm is increasing its investments so as to ramp up its capabilities in the defence domain as few of the orders are in the pipeline and the management expects to bag them.

Last the scrip of Bharat Forge closed at a price of Rs. 726.85 per share on the NSE.

M-Cap– Rs. 33,841 crore

Brokerage or Research Firm Price target for the scrip of Bharat Forge
Nomura India Rs. 924
CLSA Rs. 900
Edelweiss Rs. 880
HDFC Institutional Equities Rs. 860
Motilal Oswal Rs. 850

2. Hindustan Aeronautics Limited (HAL):

2. Hindustan Aeronautics Limited (HAL):

HAL is a Bengaluru-based PSU defence and aerospace company. The company carries out manufacturing or assembling of state of the art fighter jets as well as helicopters.

Now the Modi government’s push to manufacture defence equipments within the boundary of India will not only scale up order for these firms in the near future but also improve predictability in their cash flows.

M-Cap- Rs. 33,988 crore

Stock PE- 11.85

LTP– Rs. 1016.45

3. Bharat Electronics Limited (BEL):

3. Bharat Electronics Limited (BEL):

This is a defence PSU and it is suggested that the company is now looking to export its products to friendly nations. The company is into designing, developing and manufacturing radars, electronic weapons and also the crucial EVMs or electronic voting machine.

As per Motilal Oswal, given the company’s execution track record, it is set to benefit from the government’s rising expenditure into the defence sector. Also, the recent import embargo imposed by the centre will favour companies such as Bharat Electronics as now the country’s defence system shall totally rely on indigenous defence equipment vendors.

M-Cap– Rs. 35,622 crore

Stock PE– 20.03

Sector PE-20.40

LTP– Rs. 146.2

4. Bharat Dynamics

4. Bharat Dynamics

This is a defence PSU company engaged in missile technology and manufacturing. The company provides or supplies missiles to 3 of the country’s defence services.

Fundamentals of the company are strong with zero debt.

Promoters have close to 75% holding in the company

RoCE- 30%

Dividend Yield -2.47

Also, over a period of time, the company has performed well.

Analysts have given a ‘Buy’ call on the stock of Bharat Dynamics and set out a price target of Rs. 390-410.

M-Cap: Rs. 6537 crore

LTP-Rs. 356.7

Disclaimer: Investing in stocks are risky and investors should do their own research. The author, the brokerage firm or Greynium Information Technologies is not responsible for any losses incurred due to a decision based on the above article. The story is for pure informational purpose.



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Top 8 Best Discount Stock Brokers Offering Best Demat Trading Account in India 2021

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What is a Demat Account?

A Demat account is identical to a bank account in terms of functionality. A bank account holder keeps money in the account, and entries in the passbook are made accordingly. Instead of money, securities are maintained in electronic form in a Demat account, from which credit and debit of securities can be made. Stocks, mutual funds, bonds, exchange-traded funds (ETFs), and other dematerialized securities can be held in a Demat account.

All transactions must include the Demat account number in order for trades to be settled electronically. An internet password and a transaction password are required to access the dematerialized account. Then you can start transferring or buying securities. Once transactions are validated and completed, automatic purchases and sales of securities are done on the dematerialized account.

As a result, when you make a stock purchase order, the shares are credited to your Demat account. Similarly, when you opt to sell your shares, your Demat account is debited.

Who is a discount broker?

Who is a discount broker?

A discount broker is a stockbroker who charges lower commissions on buy and sell orders than a full-service broker. In contrast to a full-service broker, a discount broker may not provide investment advice or perform analysis on behalf of a customer.

For trading in stocks, commodities, and currency derivatives, discount brokers provide low brokerage, high speed, and a quick interface. When compared to traditional Indian brokers such as HDFC Securities, ICICI Direct, SBI Cap, and others, the brokerage fees charged by these discount brokers are far lower.

A discount broker’s business model is also rather straightforward. They charge a fixed brokerage rate for all trades made by their clients, regardless of the size of the deals. This charge normally ranges between Rs 10 and Rs 20 for each trade.

The following is an accurate list of the top discount brokers in India in 2021, ranked by the number of active clients. Zerodha is the best stock broker out of all of them. Zerodha is followed by discount brokers like 5paisa, Upstox, and Samco.

Zerodha

Zerodha

This is one of the greatest places in India to open a Demat account with the cheapest brokerage. Zerodha was the largest retail stockbroker in India by active client base as of December 2020, accounting for upwards of 15% of daily retail volumes across Indian stock exchanges.

They are members of the NSE, BSE, MCX, and MCX-SX exchanges. It has quickly risen to become India’s largest discount broker, with daily trading volumes exceeding $2 billion on Indian stock exchanges. Best Demat account provider in India, with over 400,000 clients and a wide range of financial products, as well as the best Demat account for small investors.

Zerodha joined the unicorn club in June 2020, with a self-assessed valuation of around $1 billion. This estimate was based on the company’s ESOP repurchase program, which valued each share at more than four times its book value of Rs 700 a share.

Upstox

Upstox

Upstox is another excellent option for establishing the best Demat account in India in 2021. Upstox is a discount broker established in Mumbai that is backed by some of the industry’s biggest names, including Ratan Tata. Upstox offers excellent charts and tools, as well as affordable brokerage fees. Upstox is a rapidly expanding discount broker backed by several notable investors, including Kalaari Capital, Ratan Tata, GVK Davix, and others. RKSV is another name for it. Upstox began as RKSV in 2012 and changed its name to Upstox in 2015. Upstox, behind Zerodha, has the second-highest number of active clients on the NSE as of January 2021.

Groww

Groww

Groww is a web-based financial platform that allows users to buy mutual funds and equities. The company, which is headquartered in Bangalore, Karnataka, has raised over $140 million and is valued at $1 billion as of April 2021. The firm entered the stockbroking business in 2020. Direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange-traded funds are now available on the platform. Four Flipkart employees – Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh – left their jobs in 2016 to launch a business that would make investing simple.

5Paisa

5Paisa

In India, 5Paisa is a good Demat account broker. It has a simple fee structure. The discount broker is also available as a mobile app, with a very user-friendly layout. 5Paisa is a subsidiary of IIFL (India Infoline) and provides India’s cheapest stock brokerage. IIFL created 5Paisa to compete with the fast-growing discount broking market by providing a reduced brokerage platform for its clients. Apart from being one of the cheapest brokerage platforms, 5Paisa offers the benefit of no account opening fees and the ability to open a Demat account in only one day.

Paytm Money

Paytm Money

The SEBI granted Paytm permission to enter the inexpensive stockbroking industry in 2019. In the recent past, Paytm has attempted to market itself as a one-stop portal for anything money-related. Following demonetization, the online payments platform expanded to include banking services, mutual funds, SIPs, and pension plans. Paytm’s intentions to enter the stockbroking business couldn’t have come at a better time. In the months of April and May, NDSL and CDSL respectively added 2 lakh and 12 lakh new Demat accounts.

SAMCO

SAMCO

SAMCO, which was founded in 2015, is another low-cost discount broker in India. SAMCO, on the other hand, distinguishes itself from other discount brokers by providing its clients with more trading leverage. Customers can acquire up to 4x delivery leverage in cash markets, up to 80x leverage in the Nifty, 33x leverage inequities, and 60x leverage in commodities. Jimeet Modi, the company’s founder, and current CEO started the company. Samruddhi Stock Brokers Limited was acquired and renamed Samco Securities.

SAS online

SAS online

South Asian Stocks Limited (SAS Online), a member of the NSE, BSE, MCX, NCDEX, and NSDL, is an online discount brokerage firm in Indian financial markets that offers brokerage services for stocks, futures, and options, currency, and commodities. It provides services including trading, Demat, and mutual funds.SAS Online offers four distinct trading plans to fit your needs.

Wisdom Capital

Wisdom Capital

Wisdom Capital, founded in 2013, is an online discount brokerage firm that offers services in stocks, futures, and options on the NSE and BSE, as well as commodity trading on the MCX and NCDEX. It also has a FREEDOM plan with no brokerage, which draws a lot of clients. Customers can choose from three distinct brokerage plans at Wisdom Capital: Freedom, Pro, and Ultimate. Customers can select the one that best matches their needs.

These are some of the most well-known discount brokers who provide excellent service. Charges and fees, on the other hand, vary based on the sort of account you open and your trading habits.



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This PSU Banking Stock Is A ‘Buy’ With A Potential Upside Of 20%

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Investment

oi-Roshni Agarwal

|

In the last trading session i.e. on Friday (June 18, 2021) while the headline indices ended on a flat note, PSU Banking pack saw the most drag of 1.77 percent. Nonetheless, brokerages are bullish on the pack for a number of reasons including privatization and also believe that as these PSBs are low on lending to retail segment, they will not suffer a huge blow due to the Covid 19 pandemic.

This PSU Banking Stock Is A ‘Buy' With A Potential Upside Of 20%

This PSU Banking Stock Is A ‘Buy’ With A Potential Upside Of 20%

ICICI Direct has given a ‘Buy’ recommendation on the scrip of Bank of Baroda for a target price of Rs. 102, i.e. an upside of 20 percent from the recommended buy price of Rs. 85 Last the scrip of the PSU lender closed at Rs. 80.2 per share on the NSE.

For the scrip, the brokerage firm ICICI Direct said, “Bank of Baroda is one such stock, which seems to be moving out of the current consolidation and is likely to make 52 weeks highs in coming weeks. In PSU banking, SBI has been one of the best performers in the last one year but Bank of Baroda has been an underperformer. The stock has seen a gradual build-up of open interest in the last couple of months with the recent price performance. However, there is ample room for further increase in price. We expect further long additions in the stock once it sustains above Rs. 85 levels.”

“The stock witnessed noteworthy delivery volume activity in January and May. Fresh delivery based buying was seen around Rs. 70-76. Hence, any declines in the stock can be utilised as a fresh buying opportunity. The stock made a 52-week high near Rs. 100 in February 2021. Since then, it has corrected towards its medium term support of Rs. 64 levels. Currently, it has been largely range bound hovering around Rs. 78 and Rs. 86. It failed to sustain above Rs. 85 despite many attempts in the past trading sessions. However, recently, the stock has taken support at lower band level of Rs. 78 and is now witnessing fresh buying momentum”, added the brokerage.

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5 Best Mutual Funds for Lumpsum Investment For Long Term and Short Term Investors

Personal Finance

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Long Term Investments in Mutual funds

Long-term investments are used to fund long-term goals such as college education, a home, retirement, and so on. As a result, select a fund that will help you build wealth. Long-term goals have a time horizon of more than ten years, and equity-oriented schemes (equity allocation of more than 65 percent) are one of the greatest long-term investment options. Equities offer a stronger growth potential than hybrid and debt funds, albeit being more volatile in the short term. A well-diversified equity fund is more likely to provide consistent long-term growth.

These funds put their money into the equities of huge corporations. Blue-chip stocks are large-cap stocks with a high market capitalization. These funds invest in companies that have the potential to generate consistent year-over-year growth and significant profitability, as well as long-term stability.

5 Best Mutual Funds for Lumpsum Investment for Long Term

5 Best Mutual Funds for Lumpsum Investment for Long Term

Fund NAV 1 Year Trailing Return 5 Year Return
Canara Robeco Bluechip 41.24 53.82% 18.31%
Edelweiss Fund 52.89 52.99% 15.41%
BNP Paribas Large-cap Fund 137.8 47.03% 14.59%
Axis Bluechip 46.07. 48.47% 17.89%
LIC MF Large Cap Fund 39.43. 48.05% 13.92%

Top 5 Best Mutual Funds for Lumpsum Investment in Small Cap Mutual Funds

Top 5 Best Mutual Funds for Lumpsum Investment in Small Cap Mutual Funds

Small-cap funds are essential for investors with long-term financial objectives. After large-cap funds, it has been recognized that small-cap funds do exceptionally well. When the market is bullish, they may provide exceptional gains. Investing in small-cap funds is risky since they are susceptible to market volatility. When it comes to portfolio growth, small caps are the best option. When opposed to large caps, which have already reached their top, the investment has the potential to develop tremendously. . Investors will be able to balance the risk-return tradeoff and diversify their entire portfolio, lowering their total risk, by investing in small-cap.

Top 5 Best Mutual Funds for Lumpsum Investment in Small Cap Mutual Funds

Top 5 Best Mutual Funds for Lumpsum Investment in Small Cap Mutual Funds

Fund NAV 1 Year 5 Year
Axis Small Cap Fund 54.8. 81.28% 21.26%
Kotak Small Cap Fund 153.47. 120.46% 21.51%
SBI Small Cap Fund 98.43. 88.03% 23.49%
Nippon India Small Cap 75.45. 106.76% 22.53%
ICICI Prudential Smallcap Fund 45.76. 107.62% 17.84%

5 Best Debt Short Term funds for Short term investors

5 Best Debt Short Term funds for Short term investors

They invest in short-term debt instruments with maturities ranging from 6 to 12 months, ultra short-term funds are an excellent investment for 6-12 months with low risk and predictable returns.

Short-term funds are debt funds that lend money to businesses for one to three years. These funds typically invest exclusively in high-quality enterprises with a track record of timely loan repayment and adequate cash flow from operations to warrant the borrowing.

Short-term mutual funds are open-ended mutual funds with maturity duration of 15 to 91 days. The maturity term of these funds varies based on the underlying instruments’ maturity period. These funds are primarily invested in high-quality, low-risk assets. For risk-averse investors, this fund is a terrific choice. Short-term mutual funds are appropriate for investors with a time horizon of less than 6 months. These funds are a better choice for storing surplus funds than a traditional savings account. Short-term funds can generate significantly larger returns than bank deposits while also providing much-needed liquidity.

5 Best Debt Short Term funds for Short Term investors

5 Best Debt Short Term funds for Short Term investors

Fund NAV 1 Year Return
IDFC All Seasons Bond Fund 35.93. 5.74%
Nippon India Credit Risk Fund 25.05. 9.3%
Invesco India Short Term Fund 3,069.45. 5.67%
SBI Short Term Debt Fund 26.38 5.54%
Tata Short-term Bond Fund 41.01. 5.99%

Disclaimer

Disclaimer

Mutual fund investments are exposed to market risks; thoroughly read all scheme-related materials. The NAVs of the schemes may rise or fall in response to variables and pressures impacting the securities market, such as interest rate variations. The recommendations and reviews do not guarantee fund performance and should not be interpreted as a judgement of the creditworthiness of a fund or its underlying securities.



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