Category: Personal Finance

How To Pay Income Tax Challan 280 Through Umang App/Online?

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Taxes

oi-Sneha Kulkarni

|

The Challan 280 is a form that must be submitted in order to pay your income tax electronically. You must fill in the information on the form, which can then be used to pay the income tax either offline or online. Advance tax, self-assessment tax, regular assessment tax, surcharge, tax on distributed profits, and tax on distributed income are all examples of income tax payments.

UMANG stands for Unified Mobile Application for New-age Governance, and it was established jointly by MeitY (Ministry of Electronics and Information Technology) and NeGD (National e-Governance Division) for Android and iOS.

How To Pay Income Tax Challan 280 Through Umang App/Online?

How to Pay Income Tax using Umang App?

You can log into your UMANG App account using your registered phone number and log-in credentials after completing UMANG App Registration. You can access the “Pay Income Tax” module from the home page or the search bar at the top of the UMANG App home page once you’ve logged into the app.

Step 1: Open the Umang app with credentials
Step 2: Type “Pay Income Tax” on the UMANG App search page
Step 3: Click on the “Challan 280”
Step 4: Enter all the required details

  • PAN Number
  • Payment Type
  • Applicable Tax
  • Assessment Year
  • Select Bank Name
  • Demographic details such as State, City/District
  • Email ID of taxpayer
  • Mobile number

Step 5: Click Submit Button
Step 6: Click on Proceed to Payment

You will be directed to your chosen bank’s Internet Banking site, as indicated on the challan, where you can complete your income tax payment online using UMANG. You will obtain a Challan Serial Number, and BSR code of the collecting branch once you have completed the income tax payment online. Make a note of this information for future reference.

Through the UMANG’s Challan 280-based income tax payment system, taxpayers can pay multiple types of taxes on a single platform.

The following is a list of the different forms of income taxes that can be charged with the UMANG App:
• Advance Tax
• Surtax
• Tax on Distributed Profits
• Tax on Distributed Income
• Self-Assessment Tax
• Tax on Regular Assessment

How to track challan status on Umang?

To check the status of a tax payment using Challan 280, you’ll need to provide the following information:

• The collecting branch’s BSR code (provided to the taxpayer after payment of challan)
• Tender Date for Challan (date on which challan was paid)
• Serial Number of the Challan (generated at the time of tax payment on UMANG)
• Sum on the Challan (non-mandatory field)

How To Pay Income Tax Challan 280 Online?

Step 1: Log in to website http://www.tin-nsdl.com
Step 2: Click on Services > e-payment, Click on the tab “e-pay taxes”
Step 3: Select the challan i.e. ITNS 280
Step 4: Enter Enter PAN details
Note: Other mandatory challan information includes the accounting head under which payment is made, the tax payer’s address, and the bank through which payment is to be made, among other things.
Step 4: Confirmation screen will be displayed
Step 5: It will be directed to the net-banking site of the bank
Step 6: Enter credentials and enter payment details.

A challan counterfoil with the CIN, payment information, and bank name through which the e-payment was made will be displayed after successful payment. This counterfoil serves as evidence of payment.



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Which Gold Investment Form May Be Best For You?

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Traditionally gold has been a store of value and now after the Covid 19 pandemic, with last year’s gains of over 20 percent in price, it’s safe haven appeal also came to the fore. And now after a substantial crash in value from the last year’s high price, gold has again been gaining ground amid Covid 19 second wave and also on inflationary concerns, where the yellow metal works as a hedge against inflation.

Investment in Gold

As experts are suggesting to enter gold at the current price levels given the huge price appreciation the metal still offers, here we delve deeper on what gold investment form shall suit you as an investor. Typically in its second most use of gold worldwide that accounts for 20 percent of the world’s physical gold are investments.

Why should one invest in gold?

Why should one invest in gold?

Now before going into further details, we in brief lists out the many reasons because of which one should consider investment into gold:

1. Portfolio diversification

2. Gold serves as an inflationary hedge

3. Gold also helps to lessen the impact of highly volatility and lends stability to an individuals’ financial portfolio. Typically there is shared an inverse relationship between gold and equity.

4. Historically gold also provides good return over the long term. Over the last 40 years, gold is said to provide annual return of over 9 percent and there were only few instance of annual negative returns.

Risks of Investing in Gold

Risks of Investing in Gold

Physical gold

Investing in physical gold has its own limitation such as the risk of loss due to burglary, storage issues etc. Also, in a case one wishes to go for the jewellery form of investment that is still costlier and also can go redundant with time. Then the issues concerning the purity of the investment also cannot be ignored.

Now after one has purchased gold in physical form be it coin or bar, one may face illiquidity risk as it can be difficult to see the gold product owing to lack of purity and origination certificates.

Here remember if you buy minimum 1 gm of gold, you need to shell out at least that much value together with GST.

Digital Gold:

Digital Gold:

Various platforms are offering digital gold which can allow investment into just 1 gram of gold. And as the market is primarily dominated by few players then is an overall risk. Furthermore, in the current schema of things, investment into digital gold is not overseen by a regulatory entity such as RBI or SEBI.

Gold Mutual funds:

Gold Mutual funds:

Various asset management companies or fund houses offer gold mutual funds which primarily invest in Gold ETFs. Investment into gold mutual funds is risky and for these the NAV i.e. backed by real time gold prices which are influenced by current market scenarios. So, at some point in time, these gold mutual funds may or may not give favourable returns, say experts.

Gold ETFs:

Gold ETFs:

These are managed by fund houses and hence carry a higher charge and prove to be expensive in comparison to physical gold. Plus similar to gold mutual funds, there are attached market risks with the instrument. Gold ETFs can further be redeemed in cash and not gold as they are gold contract and derivatives

Sovereign gold bond (SGBs):

Sovereign gold bond (SGBs):

They are issued by RBI on behalf of the government and offer interest income in addition to capital appreciation upon maturity time of 8 years. Now, here despite the sovereign guarantee, one may face capital loss as the bond value is linked to price of gold in the international markets. Also, the instrument carries sovereign default risk as the instrument is not backed by physical gold and is instead a derivative of fold issued by the centre via RBI>

A sovereign default in this case refers to a situation where the Government of India is no longer able to make scheduled repayments on its outstanding debt.

Cost wise gold investment you can go for

Cost wise gold investment you can go for

Now depending on the cost involved, we may find the affordable gold investment suitable for you:

Gold form Minimum investment
Digital gold Rs. 1
Physical gold Cost of at least 1 gm of gold
Gold ETF Cost of at least 1 gm of gold
Gold mutual funds Rs. 100
SGBs Cost of at least 1 gm of gold

Conclusion:

Conclusion:

Physical gold investment be ideally and typically be purchased for use as in case of a marriage etc. In other cases it should be strictly avoided as there are risks of purity etc together with huge buy-sell spreads.

For investment purpose in case the time horizon is 5 years or more and there are no liquidity concerns, investments into Sovereign gold bond should be chosen. Here the interest option is lucrative and during the course of the investment, you will also have the option of making tax-free redemptions after staying put for at least 5 years. Also, the redemption of these bonds post maturity of 8 years is also tax free.

And now again for a shorter term horizon of not over 3 years, you can choose to invest in gold mutual funds or gold ETFs which have high liquidity.

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7th Pay Commission Travel Allowance: Hike In July 2021 Is Not Likely

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Planning

oi-Sneha Kulkarni

|

After the Center’s announcement to restore Central Government Employees’ Dearness Allowance (DA), the media has been overflowing with rumors that their Travel Allowance (TA) would increase starting in July. The concept of travel entitlements for various levels of government employees is dealt with by the term “travel allowance.” The travel allowance includes fares for travel by road, air, rail, and sea.

The 7th CPC has proposed that the reimbursement of hotel accommodations, taxi charges, and food bills be maintained, with the exception that food bills do not require the production of vouchers.

7th Pay Commission Travel Allowance: Hike In July 2021 Is Not Likely

According to the 7th CPC pay matrix calculation, TA hikes will not be applicable in the pay matrix from July 2021 since the current DA for central government employees is only 17%.

However, central government employees (CGS) should be aware that their TA would not increase in tandem with the DA increase because their present DA is not 25% or higher. According to the 7th CPC pay matrix calculation law, TA hikes will not be applicable in the 7th pay commission pay matrix from July 2021 because central government employees’ current DA is only 17 percent, according to Mint.

The 7th CPC pay calculation rule for central government employees’ TA is highlighted. “It’s true that central government employees’ TA rises in tandem with the DA hike,” Shiv Gopal Mishra, Secretary – Staff Side at National Council JCM, said. However, this is only possible if the DA is 25% or higher.

Employees in the central government currently have a DA of 17%, which means their TA will not increase as some media outlets are saying.” Mishra went on to say that after the DA is restored in July 2021, the DA will be over 25%, so when the DA hike announcement for July to December 2021 is made, only a TA hike can be anticipated.

For individuals in pay level 14 and above, reimbursement of up to Rs. 7,500 per day in a hotel/guest house, reimbursement of AC taxi expenses as per actual expenditure commensurate with official engagements for travel within the region, and reimbursement of food bills not exceeding Rs 1,200 per day.



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Covid Crises: Should You Save Or Invest During a Pandemic?

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Planning

oi-Sneha Kulkarni

|

Thanks to the Coronavirus, which has forced people to stay at home, travel less and work from home, some Indians are saving more than ever before, considering the economic turmoil. During the pandemic, many of us were able to save a significant amount of money. If you’re one of the many, you’re probably thinking about how you can put this money to better use than making random purchases.

Given that we are all in the midst of a crisis, it is prudent to put money aside for the time being – whether for supplies, hospital bills, or basic needs.

If you intend to spend the money you’ve saved, make sure to set aside enough money for an emergency fund and a contingency fund. Saving money has always provided a buffer for our difficult times, regardless of the situation. And, in the long run, investments will still assist in the recovery of every pandemic situation.

Covid Crises: Should You Save Or Invest During A Pandemic?

Things to avoid during Covid 19 pandemic:

  • Do not sell any of your investments just because the market is down. This is just a phase that will pass and economic markets will recover.
  • The government has approved withdrawals from the Employees’ Provident Fund because most workers are experiencing financial difficulties (EPF). EPF is a tool for building a retirement fund that will cover your post-retirement needs. However, if you use it to solve a liquidity issue, you risk losing out on the power of compounding, which can help you create a sizable portfolio.
  • It’s important to remember that a loan moratorium isn’t the same as a waiver, and the EMI continues to be added to the unpaid balance, potentially leading to a higher interest bill. As a result, choose it with caution.
  • It’s important to avoid overspending during the pandemic. If you don’t, you’ll end up in even more trouble, with financial issues.

Check if your emergency funds are loaded

Before you invest somewhere, make sure it’s stocked with three to eight months’ worth of living expenses. Calculate your basics budget to make sure you have enough money set aside to cover those costs, such as rent or mortgage, electricity, and basic food if you ever need to find out how much money it is.

Planning to invest

If your funds are in good condition, consider your objectives and period, or when you want to use the money you’ve saved. While retirement is still a long way off for younger generations, it is still a good idea to start preparing for it as soon as possible. This is primarily due to two factors: life expectancy and inflation!

Invest Smartly & Cautiously

It is important to diversify one’s portfolio. As a result, it’s a good idea to allocate 10-15% of your portfolio’s assets to gold as an asset class. The price of gold is inversely proportional to the price of stocks. During stock market crashes, it performs extraordinarily well. There’s also the logic that it takes about three days for an investor to sell their mutual funds and get the money credited to their account. Markets will fluctuate a tonne before then due to uncertainty.

So, if you have a long-term goal in mind, remain invested and don’t make any adjustments to your portfolio. Bonds, also known as fixed-income portfolios, help to reduce portfolio volatility. While the returns are typically lower than those of equities, they are ideal for investors who want to be certain of a return on their investment.

Investments should be connected to long-term objectives so that the investor does not have to scramble for cash when he wants it. In addition to equities, experts recommend diversifying one’s portfolio with mutual funds, fixed deposits, gold ETFs, and government securities.

During the pandemic, smartness refers to how much money you put aside for emergencies and investments based on your current and projected needs.
The war against the Covid pandemic will be long, both personally and financially, and now is not the time to experiment with risky financial products.

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5 Financial Tasks To Complete In April 2021

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Personal Finance

oi-Roshni Agarwal

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Now as the first month of the new FY 2021-22 is about to end, amid the raging pandemic you need to complete some of the financial tasks in April itself.

5 Financial Tasks To Complete In April 2021

5 Financial Tasks To Complete In April 2021

1. Tax planning should be started early:

Tax planning: beginning tax planning exercise early in a financial year helps significantly. As accordingly, you would be able to evaluate rightly the amount you would need to invest to save maximum task. Further, this tax planning at the start is crucial if you wish to invest in market-linked investments such as NPS and ELSS. One can also start a SIP in ELSS fund that can save tax as well as enable the investor to benefit from the volatility in the markets.

2. Submit form 15G/15H:

While you may be afraid to step out of the house amid the pandemic, you with investments in FD can submit form 15g or 15H online to avoid tds deduction on FD income in case your taxable income is less than the basic tax exemption limit of Rs. 2.5 lakh.

Last year for the financial year 2019-20, the government extended the validity of form 15G or form 15H till June 30, 2021.

3. Open or Invest towards PPF:

For getting a higher payout, it is always advised that one starts PPF investment early i.e. at the beginning of the financial year. This is because investments made early in the financial year will enable the person to earn interest all through the year. Also, the interest on PPF is calculated monthly i.e. on the monthly minimum balance at the credit of account from the close of the 5th day of the month and the end of the month.

Also, there can likely be a case that after the political reasons due to which the small savings rate cut was reversed, may still propel the government to again reduce the key small savings rate. So, better to lock in investments at a higher return.

4. Start investing in small savings scheme:

Apart from the equities, one should also safeguard one’s investment by parking their corpus in safe investments such as small savings scheme that are backed by sovereign guarantee. Investors can earn a fixed return on them and over the years time, they help in enhancing one’s fortunes.

5. You can also increase your EPF contribution:

In case your salary increment or your disposable income allows you can also increase your employee contribution. But remember from this year there has been put new tax limitation in respect of EPF. For any contribution to PF over Rs. 2.5 lakh in a year, interest accrued on it will now draw tax implication.

One can also consider stepping up investment in other financial investments such as SIPs to take advantage of the rupee cost averaging and also to make it at par with your salary increment. This is such that your life time financials goals could be reached early in life.

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Bitcoin hits lowest since early March before retaking $50,000, BFSI News, ET BFSI

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By Joanna Ossinger

Bitcoin fell to the lowest in seven weeks on Monday as it continued to struggle with the $50,000 level and nearby technicals.

The largest cryptocurrency dropped as low as $47,079 in early Asia trading before rebounding. It was up 5.3% at $50,666 as of 9:01 a.m. in Hong Kong. That comes after it fell below the 100-day moving average late last week for the first time since early October after JPMorgan Chase & Co. cautioned that its upward momentum could be at risk.

“Bitcoin created a large gap down last week that could stick around far longer than bulls would want to see,” said Rick Bensignor, president of Bensignor Investment Strategies, in a note Monday.

The digital asset has stumbled since reaching a record $64,870 on April 14, buoyed by enthusiasm from the Coinbase Global Inc. listing. The collapse of two crypto exchanges in Turkey at the end of last week also may have depressed sentiment amid debate about whether cryptocurrencies could be in a bubble.

The lack of momentum over the weekend continued despite another potential reference to cryptocurrencies from Elon Musk on Twitter on Saturday. “What does the future hodl?” He asked, using a term often seen as meaning “hold on for dear life” that crypto supporters use to refer to buying and holding their digital assets.

Bitcoin hits lowest since early March before retaking $50,000Still, Bitcoin has done well over the medium term, retaining a gain of about 70% year-to-date as big-name investors endorse it and institutions from Goldman Sachs Group Inc. to Bank of New York Mellon advance their offerings around cryptocurrencies. JPMorgan’s John Normand reiterated in a note Friday that Bitcoin’s ascent has been steeper than any other financial innovation or bubble of the past 50 years.



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Check Complete List Of Bank Holidays In May 2021

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Personal Finance

oi-Roshni Agarwal

|

Amid strict protocol that would need to be adhered in the month of May when Covid 19 second wave is expected to hit its peak, banks’ body SLBS has also asked several States to reduce working hours.

Check Complete List Of Bank Holidays In May 2021

Check Complete List Of Bank Holidays In May 2021

So, for different bank related tasks, it shall be at best to view the days in May when the banks in the country shall be functional.

May 2021 Bank holiday list

As per RBI’s site, the banks in May 2021 will remain closed for 5 days. Note in all of the states the banks shall not be closed for 5 days as some of the holidays apply to a particular state where the particular festival is celebrated.

1-May : Labour day On this day banks of Kolkata, Kochi, Mumbai, Nagpur, Panaji among others shall be shut
7 May-Jumat Ul vida Only banks in the state of J&K will remain closed
13 May- Ramzan Id
14 May- Bhagwan Shri Parshuram Jayanti
26 May- Buddha Pournima

Also, banks shall not function on May 8 and May 22, being second and fourth Saturday, respectively.

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Did You Know: You Can Get TDS From FD Interest Deducted From S/B A/c

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Investment

oi-Roshni Agarwal

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On fixed deposit investments there is a provision of TDS deduction in case the interest accrued exceeds some value in a financial year. And now this TDS deduction amounts to be heavy for the investor in 2 ways:

Did You Know: You Can Get TDS From FD Interest Deducted From S/B A/c

Did You Know: You Can Get TDS From FD Interest Deducted From S/B A/c

1. Loss of interest amount deducted as TDS
2. Additionally there is also loss of the compound interest that would have been earned for the remaining FD tenure, on the amount i.e. deducted as tax.

Now new as may sound to many there is a way to avoid the second type of loss and that is by getting the tax deducted from your linked savings or current account balance with the bank instead of from the interest accrued on the fixed deposit instrument.

When Is TDS deducted on FD?

For citizens of India, in case the FD interest in a particular fiscal year is Rs. 40000 and Rs. 50,000 in case of senior citizen then 10% TDS is to be deducted from the amount accrued as interest income on FD. And if the investor has not furnished the PAN the TDS rate still goes higher to 20%. For non-resident ordinary account holder, the TDS rate is still higher at 30 percent.

While, only a small number of investors go on to calculate the loss due to TDS income, it is more pronounced in case of long term FDs. Say for instance when you have booked a Rs. 10 lakh FD for 5 year term at an interest rate of 6.15%, you may lose Rs. 4729 over and above the TDS due to compounding.

TDS may also be deducted from the FDs principal amount

Tax deduction at source for FDs wherein bank at the point of source deducts tds is in most cases deducted from the accrued interest. But if the interest income is not sufficient then TDS can be deducted from the FDs principal amount as well. So because of it, the FD amount that was to earn compound interest at the decided rate for the next quarter comes down.

FD Maturity value on the receipt is provided without considering TDS

Importantly, when once books an FD with the bank, the bank hands over the FD receipt on which the maturity amount considering the time of deposit as well as rate is given. But this maturity value does not take into account the TDS value. And so the maturity value is not only reduced due to the TDS deducted but also because of compounding interest that the deducted TDS amount would have earned during the remaining course of the deposit.

Ways to Get the Full Maturity value on FDs

If the depositor’s total taxable income including interest income from FD is below the basic tax exemption limit you can prevent such a tax deduction by submitting form 15G or 15H with the bank.

Another way is to spread your FD investment across banks such that total interest income in a particular financial year remains below the threshold of TDS deduction.

TDS deduction on FD allowed from Savings or Current account

Now if your bank allows that the TDS on FD interest can be deducted from the savings or current account then the full interest on FD without TDS will earn compound interest on the remaining deposit tenure. This way you will get the full maturity value mentioned on the FDR.

Banks providing facility to get TDS deducted on FD from savings or current or overdraft account

Leading bank including SBI has allowed this facility and customers can link savings or current account for TDS deduction via net banking.

Post it the TDS deduction in lieu of the FD interest shall be from the linked savings bank or current account.

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8 Best International Mutual Funds To Invest From India In 2021

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What are International Mutual Funds?

Mutual funds that invest in foreign companies are known as international mutual funds. These funds are also known as international or global funds. Investing in these carries a greater risk of loss, but it also has the potential for higher returns. Investors now want to adopt more about foreign markets and how to profit from them. As a result, a slew of foreign funds with varying portfolio compositions and structures have been introduced. International mutual funds invest mainly in equity, equity-related instruments, and debt instruments issued by companies not listed in India.

Types of international mutual fund:

Global Funds

Global funds invest in large enterprises all over the world. It may also involve the investor’s country of residence. International mutual funds, on the other hand, invest in companies all over the world, except the investor’s home country.

Regional Funds

Regional funds invest everywhere in the world in companies from a particular geographic area.

Country Funds

A country funds are when an individual invests in a fund that is only open in one foreign country and nowhere else. This is one of the simplest funds to invest in abroad because the data is not distributed through many countries.

Global Sector Funds

Global sector funds invest in companies from all over the world that are part of a particular industry. The main goal is to obtain insight into a particular industry.

List of 8 Best International Funds for 2021

List of 8 Best International Funds for 2021

Fund Name Returns (%) 1 year 3 Years CAGR Returns %
Edelweiss Greater China Equity 60.8 25.77
PMG India Global Equity Opportunities Fund 65.24 32.77
Franklin India Feeder Franklin US Opportunities Fund 50.81 27.08
Nippon India US Equity Opportunities Fund 55.45 26.58
DSP World Mining Fund 84.5 19.66
Aditya Birla Sun Life International 41.12 16.99
ICICI Prudential US Bluechip Equity Fund 43.97 24.71
Principal Global Opportunities Fund. 81.55 15.69

Edelweiss Greater China Equity Off-shore Fund

Edelweiss Greater China Equity Off-shore Fund

Since its inception, the Edelweiss Greater China Equity Off-shore Fund has generated an average annual return of 18.63 percent. JP Morgan Fund’s Greater China Fund is part of a fund-of-funds scheme. Equity fund that mainly invests in companies based in the Greater China Region (China, Hong Kong, and Taiwan) or that conduct their primary business activities there.

Tax Implications

If you redeem before one year, your returns will be taxed at 15%. On returns of Rs 1 lakh or more in a financial year, you must pay a 10% LTCG tax after one year.

PGIM India Global Equity Opportunities Fund

PGIM India Global Equity Opportunities Fund

PGIM India Global Equity Opportunities Fund Direct-Growth is an international scheme operated by PGIM India Mutual Fund under the Equity category. The scheme, which has an AUM of 6527 crores and is run by Alok Agarwal, was launched on January 1, 2013. The scheme aims to generate long-term capital growth by investing primarily in units of overseas mutual funds that concentrate on agriculture and/or affiliated/allied sectors’ anticipated growth.

Franklin India Feeder

The fund primarily invests in units of Franklin U.S. Opportunities Fund, an overseas Franklin Templeton mutual fund that primarily invests in shares in the United States of America, in order to provide capital appreciation. The fund primarily invests in small, medium, and large-cap U.S. companies with high growth potential in a variety of industries.

Nippon India US Equity Opportunities Fund

Nippon India US Equity Opportunities Fund

Invests mainly in high-quality, high-growth stocks listed on recognized US stock exchanges. Morningstar Investment Advisor India Private Ltd. provides research support. The scheme aims to provide investors with long-term capital appreciation by investing mainly in equity and equity-related securities of companies listed on recognized stock exchanges in the United States, with the remainder in debt and money market securities in India.

DSP World Mining Fund

The fund’s primary holdings will be BlackRock Global Funds – World Mining Fund units. A large portion of the fund’s assets will also be invested in units of other related overseas mutual fund schemes. The DSP World Mining Fund’s direct strategy has an expense ratio of 1.53 percent.

Aditya Birla Sun Life International Equity Fund -Plan A

Aditya Birla Sun Life International Equity Fund -Plan A

The scheme will only invest in stocks from other countries. The plan’s goal is to build a portfolio that is geographically diversified, to take advantage of low correlation between countries, and to build a portfolio of high quality – high growth. Without any market capitalization or industry bias, it employs a hybrid technique with top-down and bottom-up approaches.

ICICI Prudential US Bluechip Equity Fund

Invests in shares and equity-linked securities firms that are publicly traded in the United States. Invests in stocks of large-cap firms that are part of the S&P index. Invests in equity and equity-linked securities of companies that are publicly traded on recognized US stock exchanges.

Principal Global Opportunities Fund.

Principal Global Opportunities Fund.

The Scheme’s investment objective is to provide long-term capital appreciation by investing primarily in overseas mutual fund schemes and a portion of its corpus in Money Market Securities or units of Principal Mutual Fund’s Money Market/Liquid Schemes. The scheme aims to develop a high-quality portfolio of overseas-listed equity and equity-related instruments. Out of the list of approved shares, it will seek to find qualifying stocks that can provide long-term capital appreciation.

Disclaimer: The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency or other commodities.



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How to use online stock screeners

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Do you depend on your friends for suggestions or advice on picking stocks for your portfolio? Well, it’s good to have such friends but it is very important that you do the due diligence yourself to make sure you are selecting the right ones from the lot. Stock screeners help you narrow down on a few select stocks based on specific criteria. Platforms such as Screener.in, Tickertape, Yahoo Finance, StockEdge and Investing.com help you do this conveniently.

Common screeners

Most of these platforms already have a few templated screeners that you can use for stock selection. These are screeners based on various factors such as popular investment themes, formulas and valuations. A few common screeners that one can find on almost all platforms include growth and value-tap companies, debt-reducing entities, bluechips, high ROCE (return on capital employed) firms, high dividend yield and cash-rich companies.

Before selecting a particular templated screener, one should go through the criteria used for developing it. For example, Screener.in’s ‘value stocks’ screener filters stocks with the following criteria – last year’s EPS (earnings per share) greater than ₹20, debt to equity ratio of less than 0.1, average return on capital employed of greater than 35 per cent in the last five years, market capitalisation of more of ₹500 crore and operating profit margin of greater than 15 per cent in the last five years.

On most platforms, you can also alter the criteria to match your investment strategy. One can further narrow down the filtered stocks based on industry/sector and market cap.

The filtered stocks can be further analysed by clicking on any stock from the list. Almost all the platforms provide the company balance sheet, and profit and loss and cash flow statements, ratios and quarterly results with a historical perspective. In addition to the above details, StockEdge also provides instant details on mutual fund holdings for a particular stock as on a particular date.

Besides editing the existing templates, you can also create your own screener based on your requirements. Some platforms such as StockEdge allow creating a bundled screener with both fundamental and technical metrics.

You can also save the created screener for further use.

Premium plans

The good news is that most of the above mentioned facilities are provided for free by the platforms. However, there are some services which are behind a paywall. The free and premium services differ from one provider to another. For instance, narrowing down filters industry-wise and exporting data come as a free service by Investing.com while it is chargeable by Screener.in. Having said that, Screener.in provides more than 1000 templated screeners which is not the case with the former. Screener.in’s premium plan comes at Rs 4,999 per annum and provides options to add more colums to the screener, in addition to providing material such as detailed notes to accounts and credit rating reports that comes handy during fundamental analysis.

In the same way, while inserting a customised ratio comes under a free plan in Screener.in, it is chargeable under other platforms such as Tickertape. Tickertape’s Pro plan comes at Rs 1,133 per annum which includes offering earnings forecasts, brokerage reports, and metrics such as percentage of analysts recommending buy call on a stock. Meanwhile, StockEdge premium plan comes at Rs 2,999 per year for unlocking higher number of metrics for the screener. It provides inhouse stock reports for some of the stocks. While screeners from Investing.com and Yahoo Finance may come free, the screener options would be limited.

The cost and the services offered by these platforms cannot be compared as facilities provided by each one of them vary.

Points to note

Whether you go for the free service or the paid option, note that not all platforms work alike. For example, a value stocks screener from one platform may not result in the same stocks as that from another as the criteria used could be different across platforms. Thus, understanding the criteria used is essential before using the screener data.

Also, when using a screener across industries, make sure the criteria used is relevant for all sectors. Further, if you would like to save the screeners used for picking stocks, go for platforms that allow you to export the data. Screener.in and Investing.com are two such platforms.

Finally, make sure you opt for ‘latest data’ while selecting a screener. This will pull out data only for those stocks for which the latest data is available..

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