Category: Personal Finance

Markets remain volatile

Globally, equities tanked lower as risk sentiment soured amid growing worries over increase in government bond yield, rising inflation and soaring energy prices to multi-year highs. The 10-year benchmark Treasury yield rose to 1.57%, highest in three-months, which might prompt US Fed to tighten monetary policy earlier than expected. Global cues had already weakened after the Reserve Bank of New Zealand hiked its benchmark interest rate for the first time in seven years. The sentiments are also weak given uncertainty looming over US debt ceiling.

Here are 6 stocks to buy and sell for short term traders from reputed analysts and investment firms.

1) Dr. Ravi Singh, Head of Research & Vice President, ShareIndia

BPCL: Buy the stock at Rs 445, Target Rs 455, Stop Loss Rs 442

Bharti Airtel : Sell the stock at Rs 695, Target Rs 680, Stop Loss Rs 700.

2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited

Agarwal industries CIRP: Buy at Rs 386, Target Rs 403, Stop Loss Rs 379.

3) Ravi Singhal, Vice chairman, GCL Securities Limited

Reliance: Sell at Rs 2570, Stop loss Rs 2588, Target Rs 2,500

4) Sandeep Matta, Founder TradeIT Investment Advisor

HDFC AMC: Buy at Rs 2900, Target Rs 3000-3100, Stop Loss Rs 2800.

Ashok Leyland: Buy the stock at Rs 130, target Rs 137, Stop Loss Rs 123.

Disclaimer

The above is prepared from the recommendations of analysts. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

Markets remain volatile

Globally, equities tanked lower as risk sentiment soured amid growing worries over increase in government bond yield, rising inflation and soaring energy prices to multi-year highs. The 10-year benchmark Treasury yield rose to 1.57%, highest in three-months, which might prompt US Fed to tighten monetary policy earlier than expected. Global cues had already weakened after the Reserve Bank of New Zealand hiked its benchmark interest rate for the first time in seven years. The sentiments are also weak given uncertainty looming over US debt ceiling.

Here are 6 stocks to buy and sell for short term traders from reputed analysts and investment firms.

1) Dr. Ravi Singh, Head of Research & Vice President, ShareIndia

BPCL: Buy the stock at Rs 445, Target Rs 455, Stop Loss Rs 442

Bharti Airtel : Sell the stock at Rs 695, Target Rs 680, Stop Loss Rs 700.

2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited

Agarwal industries CIRP: Buy at Rs 386, Target Rs 403, Stop Loss Rs 379.

3) Ravi Singhal, Vice chairman, GCL Securities Limited

Reliance: Sell at Rs 2570, Stop loss Rs 2588, Target Rs 2,500

4) Sandeep Matta, Founder TradeIT Investment Advisor

HDFC AMC: Buy at Rs 2900, Target Rs 3000-3100, Stop Loss Rs 2800.

Ashok Leyland: Buy the stock at Rs 130, target Rs 137, Stop Loss Rs 123.

Disclaimer

The above is prepared from the recommendations of analysts. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

Axie Infinity

Axie Infinity is an NFT-based online video game created by Sky Mavis in Vietnam, which leverages the Ethereum-based cryptocurrency AXS and SLP. With over $42 million in sales in June 2021, it is currently the most expensive NFTs collection.

Additionally, while playing the game, players can acquire Axie Infinity Shards (AXS) tokens. AXS is the game’s governance token, which grants players the ability to vote on important issues. It can also be used as a form of payment on the Axie marketplace. Players will be able to stake AXS and earn extra tokens in the near future.

Sorare

Sorare is a non-football fantasy game. You can go from standard fantasy football games to Sorare, where you can earn prizes by defeating other managers. You’ll have the opportunity to create and manage your own virtual team of digital playing card NFTs. The cards are legally licensed and depict a real-life football player for that season.

There are three levels of scarcity in this game: unique, ultra rare, and rare. You get complete ownership of a card when you gather it, and you can sell it to other players. In the SO5 game, you may also utilise a five-card squad to collect points based on the performance of the footballers in real life.

Gods Unchained

Gods Unchained is a free-to-play game that incorporates NFT components with a traditional card trading game. Players obtain cards by purchasing them from other players or by winning PVP matches, in which the quality of the cards and the players’ gaming ability often determine the winner. More emphasis is being placed on skills and tactics, for example.

Players must be strategic while designing a deck with a varied range of approaches in order to win games. You can gain Flux by winning games in Ranked, which you can use to make high-quality cards. The high-quality cards can then be traded for cryptocurrency on the platform’s marketplace.

F1 Delta Time

F1 Delta Time is an Ethereum-based NFT game for Formula 1 aficionados. Players accumulate unique cars, drivers, and components that are available as in-game NFTs throughout the game. Each token contains a set of stats that influence the performance of the car or driver. In addition, REVV, an ERC-20 token, serves as the game’s in-game currency. Players can also earn REVV by staking their NFTs.

Evolution Land

It’s a virtual simulation game called Evolution Land. Fire, land, gold, water, wood, and silicon are the basic elements on the world, which contains 26 continents. In activities such as construction, mining, scientific research, and PvP, players can play with or against one another. The Decentralized Autonomous Organization, which is one of the game’s fungible tokens, grants holders voting rights (DAO). In addition, players will receive 70% of the game’s earnings.

Disclaimer

Dealing with cryptocurrencies has a high amount of risk, and it is not appropriate for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. Please visit the website and read all terms and conditions before you decide.

Canara Robeco Bluechip Equity Fund

Canara Robeco Bluechip Equity Fund Direct-Growth is a Large Cap mutual fund scheme that was introduced by Canara Robeco Mutual Fund in 2010. It is a medium-sized fund in its category, with an expense ratio of 0.36 percent, which is comparable to the expense ratio charged by most other Large Cap funds. Canara Robeco Bluechip Equity Fund Direct-Growth returns have been 53.58 percent over the last year and it has generated a CAGR of 13.75 percent since its inception.

The fund has its equity allocation across the Financial, Technology, Energy, Construction, Healthcare sectors. HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings. Canara Robeco Bluechip Equity Fund has been rated “No 1” by CRISIL, 5 star by Value Research and again 5 star by Morningstar which indicates the quality of the fund in terms of past performance.

As of 5th October 2021, the fund has a Net Asset Value (NAV) of Rs 42.31 and the Asset Under Management (AUM) of the fund is Rs 4,271.67 Cr. The fund charges an exit load of 1% if allocated units are redeemed within 1 year of the purchased date and one can start SIP in this fund with a minimum amount of Rs 1000.

IDBI India Top 100 Equity Fund

It is an open-ended equity scheme predominantly investing in equity and equity-related Instruments of Large Cap companies. The fund’s expense ratio is 1.34 percent, which is higher than the expense ratio charged by most other Large Cap funds. IDBI India Top 100 Equity Fund Direct-Growth Returns in the previous year were 61.79 percent, according to Value Research, and it has generated 15.77 percent average annual returns since its debut.

The financial, technology, energy, construction, and services sectors are featured in the equity allocation of the fund. Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings. The fund charges an exit load of 1% if purchased units are redeemed within 12 months from the date of allotment. The fund’s Net Asset Value (NAV) is Rs 44.25 as of October 5, 2021, and its Asset Under Management (AUM) is Rs 519.49 Cr.

CRISIL has given IDBI India Top 100 Equity Fund a “No 1” rating, Value Research has given it a 3-star rating, and Morningstar has also given it a 3-star rating, indicating the fund’s historical performance and effectiveness. SIP in this fund can be started from Rs 500.

Franklin India Bluechip Fund

This Large Cap mutual fund scheme has been around for 27 years, thanks to the fund house Franklin Templeton Mutual Fund. The product charges a 1.9 percent expense ratio, which is more than most other funds in the large-cap category. Franklin India Bluechip Fund-Growth returns in the previous year were 58.70 percent, and from its inception, it has generated an average annual return of 20.21 percent. The fund’s equity allocation has been diversified across Financial, Energy, Construction, Healthcare, Communication sectors.

The fund’s best-performing holdings are ICICI Bank Ltd., State Bank of India, Axis Bank Ltd., Bharti Airtel Ltd., Infosys Ltd.. If purchased units are redeemed within 12 months after the date of allocation, the fund imposes a 1% exit load.

As of October 5, 2021, the fund’s Net Asset Value (NAV) is Rs 719.28, and its Asset Under Management (AUM) is Rs 6,687.30 Cr. CRISIL has given the Franklin India Bluechip Fund a “No 1” rating, Value Research has given it a 2-star rating, and Morningstar has given it a 3-star rating, indicating how well the fund has fared during market ups and downs. If allocated units are liquidated within one year of the purchase date, the fund levies a 1% exit load, and one can start a SIP in this fund with a minimum contribution of Rs 1000.

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

Mahindra Dhan Sanchay Yojana

Dhan Sanchay Yojana Direct – Mahindra Manulife Equity Savings manages a total of 281 crores in assets (AUM). The fund has a 0.72 percent cost ratio, which is lower than most other Equity Savings funds. The fund now has a 44.97 percent stock allocation and a 13.03 percent debt allocation.

Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct has a growth rate of 32.22 percent during the last year. It has returned an average of 12.14 percent every year since its inception. Through investments in equity and equity-related securities, arbitrage opportunities, and debt and money market instruments, the Scheme aims to create long-term capital appreciation as well as income.

A three-year SIP of Rs 10,000 would provide a current value of Rs 4.85 lakh and a profit of Rs 1.25 lakh. Value Research has given the fund a 5-star rating.

Principal Equity Savings Fund

The Principal Equity Savings Fund Direct-Growth manages assets of 86 crores (AUM). The fund’s expense ratio is 0.95 percent, which is comparable to the expense ratios charged by most other Equity Savings funds. The fund now has a 45.59 percent stock allocation and a 21.67 percent debt allocation.

The fund’s 1-year returns were 30.16 percent. It has had an average yearly return of 9.58 percent since its inception. Using equities and equity-related instruments, arbitrage opportunities, and investments in debt and money market instruments, the strategy intends to offer capital appreciation and income distribution.

A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.78 lakh and a profit of Rs 1.18 lakh. Value Research has given the fund a 5-star rating.

Axis Equity Saver Fund 

The Axis Equity Saver Fund Direct-Growth manages assets worth 901 crores (AUM). The fund’s expense ratio is 0.98 percent, which is comparable to the expense ratios charged by most other Equity Savings funds. The fund currently has a 41.48 percent equity allocation and a 33.25 percent debt allocation.

The fund has returned 27.12 percent during the last year. It has generated an average yearly return of 10.31% since its inception.

The plan uses equities and equity-related instruments, arbitrage opportunities, and investments in debt and money market instruments to deliver capital appreciation and income distribution to investors. Axis Equity Saver Fund’s NAV on October 5, 2021 is 18.28.

A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.61 lakh and a profit of Rs 1.01lakh. Value Research has given the fund a 4-star rating.

HDFC Equity Savings Fund

The HDFC Equity Savings Direct Plan-Growth manages assets of Rs 2,443 crores (AUM). The fund’s expense ratio is 1.29 percent, which is greater than the expense ratios charged by most other Equity Savings funds. The fund now has a 40.45% equity allocation and a 29.63 percent debt ratio.

HDFC Equity Savings Direct Plan has a 1-year growth rate of 31.09 percent. It has had an average yearly return of 10.82 percent since its inception.

A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.6 lakh and a profit of Rs 1 lakh. Value Research has given the fund a 4-star rating.

L&T Equity Savings Fund

The L&T Equity Savings Fund Direct-Growth manages assets of 73 crores (AUM). The fund has a 0.69 percent cost ratio, which is lower than most other Equity Savings funds. The fund currently has a 43.58 percent stock allocation and a 25.37 percent debt allocation.

The 1-year returns on the L&T Equity Savings Fund Direct-Growth are 26.56 percent. It has generated an average yearly return of 9.41% since its inception. L&T Equity Savings Fund’s NAV on October 5, 2021 is 24.41.

A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.57lakh and a profit of Rs 97,026 lakh.

SBI Equity Savings Fund

The SBI Equity Savings Fund Direct-Growth manages assets of 1,719 crores (AUM). The fund has a 0.67 percent cost ratio, which is lower than most other Equity Savings funds. The fund now has a 34.56 percent stock allocation and a 24.38 percent debt allocation.

The 1-year returns for SBI Equity Savings Fund Direct-Growth are 25.40 percent. It has generated an average yearly return of 10.22% since its inception.

A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.56lakh and a profit of Rs 95,517 lakh.

Who should consider investing in Equity Savings Funds?

Equity Savings Funds are handled similarly to equity-oriented balanced funds, with equities up to 65 percent of the portfolio. The sole difference between balanced funds and equity savings funds is that a portion of the equity allocation may be hedged using derivatives, thus the overall equity exposure may not reflect the underlying risk profile of the fund.

These funds are ideal for investors who want equity exposure but don’t have the time to commit to a long-term investment strategy. Unlike other equity investments, these are low-risk funds that are meant to bear specified returns. Furthermore, despite the fact that they are not required to, few of these funds seek to offer monthly dividend income to investors.

Disclaimer

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.