Category: Personal Finance

RBI’s Sovereign Gold Bond (SGB) Scheme Opens On Oct 25, Should You Invest In The Commodity?

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Personal Finance

oi-Kuntala Sarkar

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BI’s Sovereign Gold Bond (SGB) scheme 2021-22 – series VII opens today on Monday, October 25, that will be in operation till October 29. For the upcoming 5 days, investors will be able to invest in the RBI SGB scheme, and the date of issuance is November 2, 2021. The issue price of SGB VII has been fixed at Rs. 4,765 per gram. The nominal value of the bond will be based on the simple average closing price of gold, published by the India Bullion and Jewellers Association Ltd (IBJA), for gold of 999 purity of the last 3 business days of the week preceding the subscription period. Sovereign Gold Bond (SGB) is a virtual form of investment in 24 carat gold.

Sovereign Gold Bond (SGB) Scheme Opens On Oct 25, Should You Invest In Gold?

Should You Invest In The RBI’s Sovereign Gold Bond (SGB) Scheme Now?

At the present Indian market, 24 gold rates are being quoted between Rs. 4760 and Rs. 4770, in October. One should remember that in the last month in September, 24 carat gold rates started with Rs. 4738, which ultimately dropped to Rs. 4549, at the end of the month, with a 3.99% fall in the Indian gold price. But September has been a very concerning month for gold rates, due to a recovering US economy. October has been in a better position. But certainly, when an investor would like to invest in gold, he/she would like to wait for a time when gold rates will be down.

Here comes the question of the US Tapering timeline. US Fed Chairman Jerome Powell is being hawkish about the tapering timeline and he might announce tapering in the first week of November, which is not very far. With tapering, US Government Bond Yield will hike and gold rates will eventually fall significantly.

So, if somebody wants to wait for Powell’s comments and he/she will have to wait till November. The prices are expected to fall. Now the gold rates in the international markets are staying around $1770-$1800/oz, which can drop in November. With the concerns of high inflation rates, the gold rates are heading north now.

RBI’s next Sovereign Gold Bond (SGB) scheme 2021-22, that is series VIII, will be in operation from November 29 to December 3, 2021. So, that is the end of the month. The gold market is a very volatile market, like other commodity markets. So, the fall in gold rates is only anticipated, not confirmed. The global economy and US economy will be the determining factors.

(Also Read: Why Investors Should Put Money In The Sovereign Gold Bond Scheme?)

Tranche Subscription Date Date of Issuance
2021-22 Series VII October 25-29, 2021 November 2, 2021
2021-22 Series VIII November 29-December 3, 2021 December 7, 2021
2021-22 Series IX January 10-14, 2022 January 18, 2022
2021-22 Series X February 28-March 4, 2022 March 8, 2022

However, Investing in the RBI’s Sovereign Gold Bond (SGB) Scheme is a far better and wiser mode of investing in gold than investing in physical gold, because the investor does not need to store the gold personally. Hence, no concern of theft will be attached to it.

What is RBI’s Sovereign Gold Bond (SGB) Scheme?

RBI’s Sovereign Gold Bond (SGB) is a government bond or security that is considered against virtual gold. If an investor buys an SGB, the investor will be given government security by the RBI, while the central bank will store the physical gold in its vault. Additionally, SGB offers, a fixed interest rate of 2.5%, payable half-yearly, which will be paid on the scheme’s maturity along with the principal amount. The investor will have to wait for 8 years for the maturity of the bond to redeem the cash or get the physical delivery of the gold. One can also trade SGB in the secondary market.

Sovereign Gold Bond (SGB) is a wise investment tool with a long-term outlook. The need of diversifying the investment portfolio, is one of the best commodity options, to keep a hedge against inflation and uncertainties.

What Is RBI Sovereign Gold Bond (SGB) Scheme? Benefits And Upcoming Tranches, 2021-2022)What Is RBI Sovereign Gold Bond (SGB) Scheme? Benefits And Upcoming Tranches, 2021-2022)

(Also read: How To Invest In The Sovereign Gold Bond Scheme Recently Issued By The RBI?)

Opinion

Chirag Mehta, Senior Fund Manager, Alternative Investments, Quantum AMC told media, “Gold’s bread and butter have been the ultra-accommodative monetary stance of global central banks and that is starting to normalize as economies open up and the pandemic fades. But over the next couple of quarters as global supply chains disrupted by the pandemic try to keep up with rising demand, rising inflation could be a drag on growth. Thus, gold’s utility as a portfolio risk diversifier and an asset that tends to keep up with inflation could come to the fore. Consumer demand is also coming back as the Indian economy continues to recover, supporting gold prices.”

Story first published: Monday, October 25, 2021, 13:16 [IST]



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Top 2 Media Stocks And 1 Service Stock To Buy As Suggested By ICICI Securities

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Just Dial Ltd – Investing for next leg of growth

Advertisers pay Just Dial (JDL) for various subscription and fee-based packages, which create revenue for the company.

The brokerage is positive on Just Dial’s stock and has set a target price of Rs 960, with an upside potential of 17%, as opposed to the current market price of Rs 820.

Q2FY22 Results of Just Dial

In Q2FY22, JDL reported disappointing results.

Due to low collections, revenues fell 5.7 percent quarter over quarter. Adjusted EBITDA margins fell 700 basis points to 13.3 percent. Just Dial achieved a profit of 38 crore in QoQ, aided by greater other revenue.

Target and Valuation

“JDL’s share price has grown by ~1.8x over the past five years (from ~|Rs 450 in October 2016 to ~Rs 820 levels in October 2021). We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value JDL at Rs 960 i.e. 24x P/E on FY23E EPS,” the brokerage has said.

Key triggers for future price-performance:

JDL will benefit greatly from the move in advertising to the digital media and the underserved MSME (B2B) market. Paid customers account for only 1.3 percent of total MSME subscribers. JDL’s B2B and B2C platforms are well-positioned to capitalize on this demand, with revenue CAGRs of 24% and 12%, respectively, through FY21-23.

Inox Leisure- Footfalls poised for strong recovery

Inox Leisure- Footfalls poised for strong recovery

In terms of multiplex screen count, Inox Leisure is India’s second-largest player.

The brokerage is positive on Inox Leisure’s stock and has set a target price of Rs 495, with an upside potential of 18%, as opposed to the current market price of Rs 418.

Q2FY22 Results

The total income reported was Rs 47.4 crore (vs. negligible revenues in Q2FY21). The box office took in Rs 27 crore, while food and beverage took in Rs 15 crore.

The EBITDA loss (without the impact of Ind-AS 116) was Rs 64.6 crore. EBITDA loss was Rs38.6 crore on a reported basis.

Target Price and Valuation

“Inox’ share price has grown by ~66% over the past five years (from ~| 251 in October 2016 to ~| 418 levels in October 2021). We maintain BUY rating on the company. Target Price and Valuation: We value Inox at Rs 495 i.e. 13.5x FY23E EV/EBITDA,” the brokerage has said.

Key triggers for future price performance

Reopening of theatres to boost traffic and income with the release of big-budget Hindi/Hollywood films on the horizon. Consolidation (10-15 percent of single screens may be permanently closed), resulting in increasing multiplex market share. Benefits of long-term cost savings (ex-rental) as a result of the rationalisation measure.

PVR

PVR

In terms of multiplex screen count in India, PVR Ltd is the market leader.

The brokerage is positive on PVR’s stock and has set a target price of Rs 1627, with an upside potential of 17%, as opposed to the current market price of Rs 1627.

Q2FY22 Result

The reported revenue was Rs 120.3 crore.

PVR reported Rs 53.1 crore in box office revenue and Rs 7.7 crore in ad revenue. The company recorded F&B revenues of Rs 44.5 crore and movie distribution revenues of Rs 5.1 crore.

EBITDA loss (excluding the impact of Ind AS116) was Rs 115.4 crore, compared to Rs 121.5 crore in Q1. EBITDA loss was Rs 68.1 crore on a reported basis.

Target Price and Valuation

“PVR’s share price has grown by ~35% over the past five years (from ~| 1204 in October 2016 to ~| 1627 levels in October 2021). We maintain a BUY rating on the company. Target Price and Valuation: We value PVR at Rs 1900 i.e. 15x FY23E EV/EBITDA,” the brokerage has said.

Key triggers for future price-performance:

With the debut of big-budget Hindi/Hollywood films on the horizon, theatres will reopen to help boost footfall and income. Given the rationalisation steps, the corporation is anticipated to save 10% in long-term costs (excluding rental). Consolidation (10-15 percent of single screens may be permanently closed), resulting in increasing multiplex market share.

Disclaimer

Disclaimer

The above stocks are picked from the brokerage report of ICICI Securities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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5 Best Fixed Deposits For 5 Years For Both Regular & Senior Citizens

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Investment

oi-Vipul Das

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A fixed deposit is a low-risk debt product that allows regular and elderly citizens to maintain their investments at a fixed rate of interest that is better than savings account interest rates across all tenures. Banks and financial institutions enable residents the option of investing their funds for periods ranging from seven days to ten years, and because the interest rate and period of the deposit are fixed, you may plan your financial and retirement objectives with safety. Apart from the fixed and higher interest rates, the Deposit Insurance and Credit Guarantee Corporation (DICGC) would cover your deposits up to Rs 5 lakhs, which is tantamount to a slice of buttered toast for you. As a consequence, for investors with a five-year financial objective, here are the top five public, private, and small finance banks providing the highest interest rates on deposits of less than Rs 2 crore.

5 Year Fixed Deposits of Top 5 Public Sector Banks

5 Year Fixed Deposits of Top 5 Public Sector Banks

Here are the top 5 public sector banks offering higher interest rates on fixed deposits of less than Rs 2 crore to both the general public and elderly persons for deposits maturing in 5 years.

Banks Interest rates for regular customers Interest rates for senior citizens W.e.f.
Union Bank of India 5.40% 5.90% 01/09/2021
Punjab & Sind Bank 5.30% 5.80% 16/09/2021
State Bank of India 5.30% 5.80% 08.01.2021
Bank of Baroda 5.25% 5.75% 16.11.2020
Canara Bank 5.25% 5.75% 09.08.2021
Source: Bank Websites

5 Year Fixed Deposits of Top 5 Private Sector Banks

5 Year Fixed Deposits of Top 5 Private Sector Banks

The top five private sector banks that are providing the highest interest rates on fixed deposits of less than Rs 2 crore to both regular citizens and the elderly for deposits maturing in five years are as follows:

Banks Interest rates for regular customers Interest rates for senior citizens W.e.f.
Nainital Bank 6.35% 6.35% 10th September 2021
RBL Bank 6.30% 6.80% September 01, 2021
Yes Bank 6.25% 7.00% 5th August 2021
IndusInd Bank 6.00% 6.50% July 23rd, 2021
DCB Bank 5.95% 6.45% 17th August 2021
Source: Bank Websites

5 Year Fixed Deposits of Top 5 Small Finance Banks

5 Year Fixed Deposits of Top 5 Small Finance Banks

For both regular and senior citizens, here are the top 5 small finance banks that are currently offering an interest rate of up to 7.25% on deposits of less than Rs 2 Cr maturing in 5 years.

Banks Interest rates for regular customers Interest rates for senior citizens W.e.f.
Fincare Small Finance Bank 6.75% 7.25% 25th October 2021
Suryoday Small Finance Bank 6.75% 7.00% September 09, 2021
Jana Small Finance Bank 6.50% 7.00% 07/05/2021
Ujjivan Small Finance Bank 6.25% 6.75% 16th August 2021
North East Small Finance Bank 6.25% 6.75% 19th April 2021
Source: Bank Websites

Story first published: Monday, October 25, 2021, 12:54 [IST]



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5 Top Performing PSU Stocks That Delivered Between 198-236% Return In The Last 1-Year

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1. NALCO:

The stock in a 1-year period has run up by 236 percent and this is primarily on account of the commodity cycle run. Amid such a momentum, Aluminum prices have also surged to a record high and another fact is that production has been cut in China that is the largest producer as well as consumer of the metal.

In today’s trade the share of NALCO is down in trade after the company has inaugurated NALCO’s Lean Slurry Project at Angul.

National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January, 1981, with its registered at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power.

2. SAIL:

2. SAIL:

This steel or metal stock is another multibagger with gains to the tune of 219 percent in the last one year. Primarily the run up in commodity prices is the main trigger for the stock’s run up. The stock has also got a lift from the government’s impetus to boost the country’s infra and will further be gaining group as the centre lines up various policies and initiatives that will go in line with the company’s endeavors.

Another thing not to forget is the company is on a deleveraging spree that shall be beneficial in the long run.

3. Hindustan Copper:

3. Hindustan Copper:

The stock from again the metal pack has been gaining ground and in the last 1-year has reaped 274 percent return.

The company is a Government-owned corporation in the Central Public Sector Enterprise under the Ministry of Mines, Government of India and is the only vertically integrated producer of copper in the country. As there are supply side issues in respect of the metal and there are soaring price, also there is seen a cut back in production in China, these are some of the likely tailwinds for the company going ahead.

4. IRCTC:

4. IRCTC:

The monopoly business catering to the Indian Railways has spiked a huge quantum in 2 years time since its listing but has been under pressure for the last 2 days. The stock last trades at a price of Rs. 4132, i.e. a significant decline from the stock’s highest price of Rs. 6396.3 apiece.

5. Indian Bank:

5. Indian Bank:

Chennai headquarterd bank is on the run and last with gains of as much as 198 percent in the last 1-year traded at a price of Rs. 188.75 apiece.Indian Bank is an Indian nationalised financial services and banking company. The bank is entered into a merger deal with Allahabad Bank,

GoodReturns.in



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Markets back in green; banking stocks rise, BFSI News, ET BFSI

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Mumbai, India’s key equity indices – S&P BSE Sensex and NSE Nifty50 – traded in the green during Monday’s pre-noon trade session.

Initially, the Nifty opened flat and started to fall in the first few minutes of the trade.

However, the key indices pared losses around the pre-noon session.

In terms of sectors, bank index is the largest gainer whereas Realty, Auto, IT and FMCG have lost the most so far.

At 11.30 a.m., the 30-scrip sensitive index traded at 60,959.72 points, up 138.10 points or 0.23 per cent.

The Sensex opened at 61,398.75 points from its previous close of 60,821.62 points.

Besides, the NSE Nifty50 traded at 18,140.45 points, up by only 25.55 points or 0.14 per cent.

It opened at 18,229.50 points from its previous close of 18,114.90 points.

“Nifty has taken support from 17,968 and the 17,948-17,968 band has to be protected for Nifty to bounce meaningfully from here,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

According to Likhita Chepa, Senior Research Analyst at CapitalVia Global Research: “There may be some cautiousness as IMF notes that the pandemic has taken a turn for the worse in Asia.

“Traders may be concerned as foreign portfolio investors (FPIs) have turned net sellers in Indian market by pulling out Rs 3,825 crore in October so far. There may be some buzz in power stocks as the Ministry of Power announced new rules to sustain economic viability of the sector.”

–IANS

rv/sn/ksk/



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ICICI Bank Shares Surge 10% On Strong Q2 Numbers

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Investment

oi-Sneha Kulkarni

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ICICI Bank’s stock soared over 10.63% to $840 today after the lender announced a nearly 30% increase in net profit in the second quarter to a new high, boosted by strong loan growth.

In the three months to September, ICICI Bank’s bad loan ratio fell to 4.82 percent, down from 5.15 percent the previous quarter. In the September quarter, the bank set aside a total of 2713 crore in provisions, down from a total of 2852 crore three months prior.

ICICI Bank Shares Surge 10% On Strong Q2 Numbers

According to the private sector lender, the reported net profit of 5,511 crores for the quarter was a record high. It’s reassuring that it came on the heels of a strong 25 percent increase in core revenue.

The stock returned 135.19 percent over three years, compared to 76.81 percent for the Nifty 100. Over a three-year period, the stock returned 135.19 percent, while the Nifty Bank provided investors a 61.47 percent return.

ICICI Bank is one of Motilal Oswal’s top choices for the sector, with a target price of 1,000 rupees. “ICICI Bank has COVID-19-related provisions of Rs 6425 crore (0.8 percent of loans), which provides us confidence in consistent credit cost trends,” says the bank. “We raise our FY22/FY23 projections by 5%/2.5 percent, and project a RoA/RoE of 2%/16.6 percent by FY24E,” the brokerage added.

“Even amid increased opex and no Covid provision reversal, ICICI once again reported a beat on PAT at 5500 crore- up 30% yoy on solid core profitability,” according to Emkay. Solid loan growth of 17% yoy, historically high NIMs of 4%, strong fees and dividend, and better asset-quality outcomes drove this.” It has recommended the stock with a target price of 962, ICICI Bank remains one of its top banking recommendations.

“On the back of (1) better margins as we expect further improvement led by unwinding of surplus liquidity and increasing share of high margin unsecured portfolio (2) lower provisioning as asset quality improves further,” Nirmal Bang has raised its earnings predictions for ICICI Bank.

Story first published: Monday, October 25, 2021, 11:21 [IST]



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3 Stocks To Buy According To Motilal Oswal for Long-term Investors

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Buy ICICI Bank, says Motilal Oswal

The brokerage is bullish on the stock of ICICI Bank and has set a target price of Rs 1,000 on the stock, post quarterly numbers of the bank, as against the current market price of Rs 847.

“ICICI Bank reported a strong 2QFY22, led by healthy NII growth (11 basis points NIM expansion), strong fee income trends, and controlled provisions. The bank reported a 5%/9% beat to our PPOP/net earnings estimate and is progressing swiftly towards earnings normalization,” the brokerage has said.

“The additional COVID-19 provision buffer (0.8% of loans) provides a comfort on credit cost. Restructured loans increased to 1.3% of loans. The bank carries 20% provisions on this portfolio. We increase our estimates for FY22/FY23 by 5%/2.5% and expect RoA/RoE to improve to 2%/16.6% by FY24E. We maintain our Buy rating with a revised SoTP-based target price of Rs 1,000 per share (2.8x Sep’23E ABV for the bank). ICICI Bank remains our top pick in the sector,” Motilal Oswal Institutional Equities has said in its report.

Buy Reliance Industries

Buy Reliance Industries

The broking firm also has a buy call on the stock of Reliance Industries with a price target of Rs 2,900, as against the current market price of Rs 2,597.

“Using SoTP, we value the Refining and Petrochemical segment at 7.5x FY24E EV/EBITDA to arrive at a valuation of INR775/share for the standalone entity. We ascribe an equity valuation of Rs 880 per share to RJio and Rs 1,200 per share to Reliance Retail, factoring in the recent stake sale. Our higher EV/EBITDA multiple of 33x/19x for Retail/Digital Services underscores new growth opportunities in the Digital space, along with the rationalization of tariffs in RJio. We reiterate our Buy rating with a target price of Rs 2,900 per share,” the brokerage has said.

Buy HDFC Life Insurance

Buy HDFC Life Insurance

Motilal Oswal Institutional Equities also has a buy call on the stock of HDFC Life Insurance. According to the brokerage, the management remains focused on maintaining a balanced product mix across the business, with an emphasis on product innovation and superior customer service.

“In the near term, Non-PAR/Annuity/Credit Life is likely to witness healthy growth. Demand for ULIP has bounced back strongly, but growth depends upon the performance of the capital market. Persistency trends remain steady across cohorts and will continue to aid robust renewal trends. We estimate VNB margin to reflect stable trends, driving 22% VNB CAGR over FY21-24E, with margin to sustain 27% over FY24E. We estimate FY24E operating RoEV 19%. We maintain our Neutral rating with an unchanged target price of Rs 750 per share, corresponding to 3.8 times Sep’23E EV,” the brokerage has said.

Disclaimer

Disclaimer

The above stocks are picked from the brokerage report of Motilal Oswal Institutional Equities. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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7 Best Performing BSE Consumer Durables In The Past 3 Years

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Dixon Technologies

Dixon Technologies (India) Ltd, situated in Noida, is an Indian electronics manufacturing services company. It works as a contract manufacturer for Samsung, Xiaomi, Panasonic, and Philips, producing televisions, washing machines, smartphones, LED bulbs, battens, downlighters, and CCTV security systems. Only 3.65% of trading sessions in the last four years had intraday gains of more than 5%.

Dixon Technologies (India) Ltd., founded in 1993, is a mid-cap business in the Consumer Durables category with a market capitalization of Rs 30,082.54 crore.The company’s yearly sales growth of 46.41 percent surpassed its three-year compound annual growth rate (CAGR) of 31.0 percent. The stock returned 1075.78 percent over three years, compared to 90.6 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 1075.78 percent, compared to 62.39 percent for the S&P BSE Capital Goods index.

Vaibhav Global

Vaibhav Global

Vaibhav Global Limited, originally Vaibhav Gems, is a multi-national electronic retailer and fashion jewellery and lifestyle accessory producer. It offers its products through Shop LC in the United States and TJC in the United Kingdom, which are both home shopping channels. In the last five years, the company has regularly raised ROE, with the majority of profits being added to reserves last year. Annual sales growth of 27.82 percent surpassed the company’s three-year CAGR of 17.2 percent. Stock returned 456.57 percent over three years, compared to 90.6 percent for the Nifty Midcap 100.

Vaibhav Global Ltd., founded in 1989, is a Mid Cap business in the Gems & Jewellery industry with a market capitalization of Rs 11,407.91 crore.

Amber Enterprises

Amber Enterprises

Only 1.85 percent of trading sessions in the last three years had intraday drops of more than 5%. The stock returned 281.2 percent over three years, compared to 90.6 percent for the Nifty Midcap 100. Sales have decreased by 22.85%. For the first time in three years, the company’s revenue has decreased. In comparison, the S&P BSE Consumer Durables index returned 140.26 percent to investors over a three-year period. Over a three-year period, the stock returned 281.2 percent, compared to 140.26 percent for the S&P BSE Consumer Durables index. Amber Enterprises India Ltd., founded in 1990, is a Mid Cap business in the Consumer Durables sector with a market capitalization of Rs 11,272.24 crore.

Orient Electric

Orient Electric

Orient Electric Limited, situated in New Delhi and owned by the CK Birla Group, is an Indian multinational electrical equipment company. Fans, lighting, home appliances, and switchgears are all manufactured by the company. In Kolkata, Faridabad, and Noida, Orient Electric has manufacturing facilities. The company has enough cash on hand to cover its contingent liabilities. 1.31 percent decrease in sales. For the first time in three years, the company’s revenue has decreased. In the fiscal year ended March 31, 2021, the company spent 1.02 percent of its operational revenues on interest charges and 8.81 percent on staff costs.

Stock returned 172.94 percent over three years, compared to 90.6 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 172.94 percent, while the S&P BSE Capital Goods index returned 62.39 percent.

Bajaj Electrical

Bajaj Electrical

Bajaj Electricals Ltd, situated in Mumbai, Maharashtra, is an Indian consumer electronics manufacturer. It is a subsidiary of the Bajaj Group, which has a market capitalization of 380 billion rupees. Lighting, luminaries, appliances, fans, LPG-based generators, engineering, and projects have all become part of its portfolio. Only 3.3 percent of trading sessions in the last 14 years had intraday drops of more than 5%. Stock returned 136.55 percent over three years, compared to 90.6 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 136.55 percent, compared to 62.39 percent for the S&P BSE Capital Goods index.

Voltas

Voltas

Voltas Limited is an Indian multinational electronics firm that specialises in air conditioning and cooling technology and manufactures home goods. The company was founded in Mumbai on September 6, 1954, as a joint venture between Tata Sons and Volkart Brothers. The stock returned 138.01 percent over three years, compared to 75.82 percent for the Nifty 100. Over a three-year period, the stock returned 138.01 percent, while the S&P BSE Consumer Durables index returned 140.26 percent. Voltas Ltd., founded in 1954, is a Large Cap business in the Consumer Durables category with a market capitalization of Rs 38,589.43 crore.

Crompton Greaves Consumer Electricals

Crompton Greaves Consumer Electricals

Crompton Greaves Consumer Electricals Ltd., founded in 2015, is a Mid Cap business in the Consumer Durables category with a market cap of Rs 28,763.11 crore.

The stock returned 133.59 percent over three years, compared to 90.6 percent for the Nifty Midcap 100.

Revenue fell by 30.63 percent on a quarter-over-quarter basis, the lowest level in the last three years. Over a three-year period, the stock returned 133.59 percent, compared to 62.39 percent for the S&P BSE Capital Goods index.

7 Best Performing BSE Consumer Durables In The Past 3 Years

7 Best Performing BSE Consumer Durables In The Past 3 Years

Company Price 3-Y Return
Dixon Technologies 4,911.20 1039.95
Vaibhav Global 677.35 461.15
Amber Enterprises 3,235.30 290.80
Orient Electric 317.85 166.28
Bajaj Electrical 1,128.30 141.51
Voltas 1,168.60 134.62
Crompton Greaves Consumer Electricals 462.05 137.47

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. This article is only for educational purpose.



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3 Best Bluechip Funds For SIP In 2021 Based On 5-Star Rating of Value Research

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Axis Bluechip Fund Direct Growth

It is an open-ended equity fund that invests mostly in large-cap stocks and was established by the fund house Axis Mutual Fund in 2013. According to the figures of the fund house, Axis Bluechip Fund Direct Plan-Growth returns over the previous year have been 54.34 percent, and it has provided 18.02 percent average annual returns since its inception as of September 30, 2021.

The fund’s expense ratio is 0.48 percent, which is comparable to the other funds in the same category. The fund’s top 5 equity allocations are the Financial, Technology, Services, Healthcare, and Construction sectors. Bajaj Finance Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings.

The fund’s Net Asset Value (NAV) was Rs 52.96 as of October 22, 2021, and its Asset Under Management (AUM) is Rs 33,153.71 Cr as of September 30, 2021. Systematic Investment Plan (SIP) can be started with as little as Rs 500, and the fund imposes a 1% exit load if units worth more than 10% are redeemed within a year of the investment date.

Period Annualised(%) Nifty 50 TRI Benchmark(%) S&P BSE SENSEX TRI Additional Benchmark(%)
Since inception 01 Jan 2013 18.02% 14.61% 14.98%
5 Years 19.64% 16.81% 17.60%
3 Years 22.27% 18.58% 19.03%
1 Year 54.34% 58.54% 56.96%
Data as of September 30, 2021. Source: axismf.com

Canara Robeco Bluechip Equity Fund Direct Growth

Canara Robeco Bluechip Equity Fund Direct Growth

It is a large-cap mutual fund scheme from Canara Robeco Mutual Fund, and the fund’s 1-year returns are 56.01 percent, and it has provided 16.50 percent average annual returns since its debut. The financial, technology, energy, construction, and healthcare sectors account for the majority of the fund’s equity exposure. Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings.

The fund has an expense ratio of 0.35% and an exit load of 1%. As of October 22, 2021, the fund’s Net Asset Value (NAV) was Rs 47.13, and its Asset Under Management (AUM) was Rs 4701 Cr as of September 30, 2021. With a minimum amount of Rs 100, you can begin a systematic investment plan (SIP).

Period Canara Robeco Bluechip Equity Fund – Dir – Growth Scheme Benchmark (S&P BSE 100 TRI) Additional Benchmark (S&P BSE Sensex TRI)
CAGR since Inception 16.50 % 14.70 % 14.90 %
1 Year 56.01 % 58.92 % 56.96 %
3 Year 23.19 % 18.51 % 19.03 %
5 Year 18.78 % 16.54 % 17.60 %
Data as of September 30, 2021. Source: canararobeco.com

Mirae Asset Emerging Bluechip Fund Direct Growth

Mirae Asset Emerging Bluechip Fund Direct Growth

It’s an open-ended equity fund with a 2010 launch date that invests in both large and mid-cap companies. The fund invests 35-65 percent of its capital in the top 100 large-cap companies and 35-65 percent in the top 250 mid-cap companies, according to the market capitalization.

Mirae Asset Emerging Bluechip Fund Direct-Growth returns over the last year have been 67.88 percent, with an average annual return of 26.11 percent since its inception, according to the date of Groww. The fund’s top 5 equity allocations are allocated across the Financial, Healthcare, Technology, Automobile, Energy sectors. HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Infosys Ltd., and State Bank of India are the fund’s top five holdings.

The fund has an expense ratio of 0.68% and a minimum SIP can be started from Rs 1000. The fund’s Net Asset Value (NAV) was Rs 108.81 as of October 22, 2021, and its Asset Under Management (AUM) was Rs 21,263.17 Cr as of September 30, 2021.

3 Best Bluechip Equity Funds In 2021

3 Best Bluechip Equity Funds In 2021

Funds 1 mth returns 6 mth returns 1 Yr returns 3 Yr returns 5 Yr returns Since inception
Axis Bluechip Fund 1.13% 26.58% 50.71% 25.93% 19.96% 18.05%
Canara Robeco Bluechip Equity Fund 2.01% 25.25% 52.33% 26.77% 18.87% 16.68%
Mirae Asset Emerging Bluechip Fund 3.07% 30.18% 67.88% 30.71% 21.58% 26.11%
Source: Groww

Disclaimer

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. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. 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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Many Indian expats turn to crypto to remit money, BFSI News, ET BFSI

Personal Finance

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Abir Roychaudhary, a 39-year-old engineer working in Qatar, has transferred around ₹2 lakh to his family based in Mumbai every month using traditional cross-border, cross-currency players.

In October for the first time, Roychaudhary bought cryptocurrencies worth half that amount – ₹1 lakh – and his wife who has access to his wallet could use the sum when needed.

Roychaudhary like many Indian, Pakistani, Bangladeshi and Filipino expats are increasingly experimenting with cryptocurrencies to remit money to their families back home and save on commissions charged by wire transfer companies and other middlemen.

Industry trackers say that the sudden growth in the crypto investments even in smaller towns across India has also led to people exploring various uses.

“The process of remittances through cryptocurrencies into India is a lot more efficient and faster than the conventional process, and all transactions are visible on the blockchain network from a regulatory point of view,” said Edul Patel, CEO of Mudrex, a Global Crypto Investing Platform.

“Looking at current hype in crypto assets like Bitcoin, Ethereum, Binance Coin, United Farmers Finance and Grain, it should be easy to remit money to India and anywhere in the world, more over you can earn more from this crypto by staking or by providing liquidity in our ecosystem,” said Santhosh Bhhandarii, co-founder, United Farmers Finance, a crypto farming platform.

Remittances in India are pegged at about $80 billion which are mainly transferred through banking or other financial channels.

Industry trackers say that the way Indians are warming up to crypto assets as well as decentralised finance, remittances through crypto assets is only set to grow, especially because transferring smaller amounts can be expensive through the traditional services.

Globally, several blockchain startups like Satoshi Citadel in the Philippines have started offering services to facilitate bitcoin remittances in a user-friendly way.

There are close to 1.5 crore crypto investors in India holding digital assets worth ₹15,000 crore. All the large cryptocurrency exchanges saw at least 100% increase in their trading and investment in the last few months.

Experts say that though Bitcoin was the preferred choice for remittances but its transaction costs are rising, currencies like Ripple and Dash are good replacements due to substantially lower fees.

Cryptocurrency remittances became a lifeline for Afghans after Western Union ceased operations for some time after the US withdrew from Afghanistan.

Experts also say that crypto is becoming popular in places with high inflation like Lebanon, Turkey and Venezuela.

Experts point out that remittances in crypto are finding favour because people want to protect themselves against hyperinflation.

Most of those looking to remit money are doing so through some of the less volatile crypto assets such as Stablecoins, say industry trackers. “While remitting money, users would want the value to remain as intended, unhindered by market volatility. Stablecoins pegged to the US dollar are the preferred choice for doing such transactions. Users mostly use stable currencies like USDT/USDC to do these transfers,” said Patel.

The RBI has had a faceoff with cryptocurrency exchanges in the past. It had asked banks to stop dealing with cryptocurrency exchanges, but had to back off following a Supreme Court order.

The government is planning to define cryptocurrencies in the new draft bill and could treat it as an asset/commodity for all purposes, including taxation.
Many Indian expats turn to crypto to remit money



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