Investing in mutual funds has become increasingly popular due to its accessibility and potential for returns. With the advent of online platforms, investing in mutual funds has become even more convenient. If you're new to the world of mutual fund investments and want to learn how to invest online, this comprehensive guide will walk you through the process step by step.
Before diving into online investing, it's crucial to understand what mutual funds are. Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets.
Determine your investment objectives and risk tolerance. Are you investing for retirement, saving for a specific goal, or building wealth over the long term? Understanding your goals will help you choose the right mutual funds for your portfolio.
Mutual funds come in various types, including equity funds, debt funds, hybrid funds, and index funds. Each type has its own risk-return profile. Conduct thorough research to understand the characteristics of each type and choose funds that align with your investment objectives.
Choose a reliable online platform or brokerage to invest in mutual funds. Look for platforms that offer a user-friendly interface, a wide range of fund options, low fees, and excellent customer service. Popular online platforms include stock broking firms, and investment apps.
Sign up and open mutual fund account online. You may need to provide personal information, such as your name, address, social security number, and bank account details. Follow the platform's instructions to complete the account opening process.
Most online investment platforms require you to undergo Know Your Customer (KYC) verification as per regulatory requirements. This process involves submitting identity and address proof documents, such as a PAN card, Aadhaar card, and utility bills.
Once your account is set up and KYC is completed, explore the available mutual fund options on the platform. Pay attention to factors such as fund performance, expense ratios, investment minimums, and fund manager credentials.
Diversification is key to managing risk in your investment portfolio. Spread your investments across different asset classes, sectors, and geographic regions to reduce the impact of market fluctuations on your overall returns.
Take advantage of systematic investment plans (SIPs) to invest a fixed amount regularly in mutual funds. SIPs help you benefit from rupee-cost averaging and mitigate the impact of market volatility on your investments.
Keep track of your mutual fund investments regularly. Monitor fund performance, review your asset allocation, and make adjustments to your portfolio as needed to stay on track with your investment goals.
Investing in mutual funds online offers convenience, flexibility, and the potential for wealth accumulation over time. By following these steps and staying disciplined with your investment strategy, you can embark on a rewarding journey towards financial success.
Margin funding can offer significant benefits to investors looking to enhance their trading capabilities and potentially increase their returns. Margin funding allows investors to borrow funds from their brokerage firm to invest in securities, using their existing portfolio as collateral. This approach enables investors to leverage their investments and take advantage of market opportunities that may otherwise be out of reach. Here are some ways in which margin funding can benefit investors:
One of the primary advantages of margin funding is the ability to increase buying power. By borrowing funds from the stock broking firm, investors can purchase a larger quantity of securities than they could with their own capital alone. This increased buying power allows investors to capitalize on investment opportunities and potentially amplify their returns.
Margin funding enables investors to diversify their investment portfolios more effectively. With access to additional funds, investors can spread their investments across a wider range of securities, asset classes, and market sectors. Diversification helps reduce the overall risk of the portfolio by mitigating the impact of adverse market movements on any single investment.
By leveraging their investments through margin funding, investors have the potential to generate higher returns than they would with cash-only investments. While leverage magnifies gains, it is essential to recognize that it also amplifies losses. Investors should exercise caution and carefully manage their risk when utilizing margin funding to avoid excessive losses.
Margin funding offers investors greater flexibility in managing their investment strategies. Investors can use margin funds to seize short-term trading opportunities, hedge existing positions, or rebalance their portfolios more efficiently. Additionally, margin funding allows investors to maintain liquidity in their portfolios while still taking advantage of market opportunities.
Margin funding provides investors with access to advanced trading strategies, such as short selling and options trading, which may not be available with cash-only accounts. These strategies can help investors profit from both rising and falling market trends, thereby enhancing their overall investment performance.
Interest paid on margin loans may be tax-deductible in some jurisdictions, providing potential tax benefits for investors. However, investors should consult with a tax advisor to understand the specific tax implications of margin funding in their particular circumstances.
कीमती धातुओं में इस सप्ताह भी ब्याज दरों में बढ़ोतरी की सम्भावना के बीच, कीमतों में बिकवाली का दबाव देखा गया। दुनिया की सबसे बड़ी अर्थव्यवस्था में मजबूती और मुद्रास्फीति में बढ़ोतरी निवेशकों को वैश्विक ब्याज दरों के दायरे पर पुनःविचार करने के लिए बाध्य कर रहा है। ग्लोबल बॉन्ड मार्केट में बिकवाली के कारण अमेरिकी बेंचमार्क ट्रेज़री यील्ड 2007 के स्तरों के करीब जबकि यूके में बांड यील्ड 2008 के उच्च स्तरों के करीब पहुंच गई है। दरसल, पिछले सप्ताह फेड के मीटिंग मिनट्स जारी हुए जिसमे स्पष्ट हुआ है की फेड के ज़्यादातर सदस्य आगे भी ब्याज दर बढ़ोतरी के पक्ष में है, जिससे बांड यील्ड में बढ़ोतरी देखने को मिल रही और इसके सपोर्ट से अमेरिकी डॉलर इंडेक्स मजबूत हुआ है। मजबूत बांड यील्ड से डॉलर 83.1 रुपये हो गया है जिससे घरेलु बाज़ार में सोने में कॉमेक्स वायदा की तुलना में कम गिरावट रही।अमेरिकी डॉलर के मुकाबले रुपये के मूल्य में गिरावट के प्रमुख कारणों में से एक 10-वर्षीय भारत सरकार बांड और अमेरिकी सरकार बांड के बीच कम होती स्प्रेड है। भारत और अमेरिका में बॉन्ड यील्ड स्प्रेड 2007 के बाद न्यूनतम स्तरों पर है। एमसीएक्स सोने में लगातार तीसरे सप्ताह भी गिरावट रही है और अक्टूबर वायदा सोने में पिछले सप्ताह 0.90 प्रतिशत की गिरावट दर्ज की गई है और भाव 58375 रुपये प्रति दस ग्राम के स्तरों पर पहुंच गए है। हालांकि एमसीएक्स में सितम्बर वायदा चांदी में पिछले सप्ताह मामूली बढ़ोतरी दर्ज की गई है।
तकनिकी विश्लेषण : इस सप्ताह कीमती धातुओं के भाव दबाव में रहने की सम्भावना है। एमसीएक्स अक्टूबर वायदा सोने में सपोर्ट 57000 रुपये पर है और रेजिस्टेंस 59000 रुपये पर है। सितम्बर वायदा चांदी में सपोर्ट 68000 रुपये पर है और रेजिस्टेंस 71500 रुपये पर है।
Bond futures are financial contracts that obligate the buyer to purchase and the seller to sell a specified quantity of a bond at a predetermined price on a specified date in the future. The price of a bond future is determined by the price of the underlying bond, as well as by factors such as interest rates, credit ratings, and supply and demand.
Bond futures are traded on futures exchanges, such as the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE). They are typically used by investors to hedge against interest rate risk, speculate on future interest rate movements, or gain exposure to the bond market without actually owning any bonds.
For example, an investor might buy a 10-year Treasury bond future with a delivery date of one year from now. If the price of the underlying 10-year Treasury bond goes up by 1% in the next year, the investor will make a profit on their bond future contract. However, if the price of the underlying bond goes down by 1%, the investor will lose money on their bond future contract.
Factor Description
The price of a bond future will typically move in the opposite direction of interest rates. For example, if interest rates go up, the price of a bond future will go down.
The price of a bond future will also be influenced by the credit ratingof the underlying bond. A bond with a higher credit rating will typically have a higher price than a bond with a lower credit rating.
The price of a bond future can also be influenced by macroeconomic factors, such as economic growth, inflation, and unemployment. For example, if economic growth is strong, interest rates are likely to go up, which will cause the price of bond futures to go down.
The price of a bond future can also be influenced by supply and demand dynamics. For example, if there is a lot of demand for bond futures, the price of bond futures will go up.However, if there is a lot of supply of bond futures, the price of bond futures will go down.
The price of a bond future is influenced by a number of factors, including:
Investors who are considering investing in bond futures should carefully evaluate the contract specifications, pricing and valuation, underlying bonds, and risk management and hedging strategies.
The contract specifications for bond futures vary depending on the exchange where they are traded. However, some common contract specifications include:
The price of a bond future is determined by a number of factors, including:
The price of the underlying bond: The price of the underlying bond is the most important factor that determines the price of a bond future.
The time to delivery: The time to delivery is the amount of time that remains until the delivery date of the contract. The longer the time to delivery, the higher the price of the bond future is likely to be.
The risk-free rate: The risk-free rate is the interest rate that investors can earn on a risk-free investment, such as a U.S. Treasury bill. The risk-free rate is used to discount the expected cash flows from the underlying bond to determine the present value of the bond.
The implied yield: The implied yield is the yield that an investor would earn if they bought the underlying bond and held it until the delivery date of the bond future contract. The implied yield is determined by the price of the bond future and the time to delivery.
Investors who are considering investing in bond futures should carefully analyze the underlying bonds. This includes evaluating the credit rating of the bonds, the maturity dates of the bonds, and the coupon rates of the bonds. Investors should also consider the liquidity of the underlying bonds, as this will affect the ease with which they can be traded.
Bond futures can be used to hedge against interest rate risk. For example, an investor who owns a portfolio of bonds that are sensitive to interest rate changes can buy bond futures to protect their portfolio from losses if interest rates go up. Bond futures can also be used to speculate on future interest rate movements. For example, an investor who believes that interest rates are going to go up can buy bond futures in the hope of making a profit.
However, it is important to note that bond futures are a leveraged product, which means that investors can lose more money than they invested. This is why it is important to use risk management strategies when trading bond futures. Some common risk management strategies include:
By carefully evaluating the contract specifications, pricing and valuation, underlying bonds, and risk management and hedging strategies, investors can make informed decisions about whether or not to invest in bond futures.
The share market is a complex and dynamic ecosystem where millions of investors trade stocks, commodities, and other financial instruments. To navigate this market effectively, it is crucial to have a clear understanding of various terms and concepts. One such term is LTP, which stands for Last Traded Price. In this blog post, we will delve into the meaning of LTP, its calculation, importance, differences from the closing price, impact on share price, limitations, and its relevance in trading strategies.
Trading Volume Before we dive into LTP, let's briefly touch upon another important concept - trading volume. Trading volume refers to the total number of shares or contracts traded in a particular security or market during a given period. It is an essential metric that provides insights into market liquidity and investor interest. Higher trading volumes usually indicate active participation and can impact the price of a security.
LTP, or Last Traded Price, refers to the price at which the last transaction occurred for a particular security. It represents the most recent price at which a buyer and seller agreed to trade the stock or any other financial instrument. LTP is constantly changing throughout the trading session as new trades take place. It is a crucial piece of information as it reflects the current market price at which a security can be bought or sold.
LTP is determined by the supply and demand dynamics in the market. When a buyer is willing to pay a higher price than the current LTP, and a seller is ready to sell at that price, a trade takes place, and the LTP is updated accordingly. Conversely, if a buyer's bid is lower than the current LTP, and a seller is willing to sell at that price, a trade occurs, and the LTP adjusts downward. The LTP is calculated for each trade executed in the market.
Let's consider an example in Indian Rupees (INR) to understand how LTP is calculated. Suppose a stock XYZ has the following trades:
Trade 1: 100 shares bought at INR 150 Trade 2: 50 shares sold at INR 155 Trade 3: 200 shares bought at INR 152 Trade 4: 75 shares sold at INR 150
In this scenario, the LTP would be INR 150 since the last transaction occurred at that price. However, it is essential to note that the LTP can change rapidly as new trades occur.
The LTP holds significant importance in the share market for several reasons:
Real-time Market Price: LTP provides investors and traders with the current market price at which they can buy or sell a security. It serves as a reference point for making trading decisions and evaluating the market sentiment.
Price Discovery: LTP plays a crucial role in price discovery, which is the process of determining the fair value of a security based on supply and demand dynamics. By reflecting the most recent transaction price, LTP contributes to efficient price discovery.
Indicator of Market Activity: Higher LTPs generally indicate increased trading activity and market interest in a particular security. It can help gauge the level of investor participation and the liquidity of a stock.
While LTP is a valuable market indicator, it is essential to be aware of its limitations:
Market Depth: LTP represents the price at which the last trade occurred but may not reflect the current supply and demand levels in the market. It does not provide insights into the depth of the market or the volume of buy and sell orders at various price levels.
Bid-Ask Spread: LTP does not consider the bid-ask spread, which is the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask). The bid-ask spread can impact the execution price for market orders.
Volatility: In volatile market conditions, the LTP can change rapidly, making it challenging to predict future prices based solely on the current LTP. It is crucial to consider other technical and fundamental indicators to make informed trading decisions.
Yes, LTP can influence trading strategies in several ways:
Short-term Trading: LTP is often used by short-term traders who aim to capitalize on intraday price movements. Traders may enter or exit positions based on LTP levels, such as breakout or reversal points.
Technical Analysis: LTP is a crucial input for technical analysis, which involves studying historical price patterns and indicators to forecast future price movements. Chartists use LTP to identify trends, support and resistance levels, and potential entry or exit points.
Volatility Trading: LTP can be an important factor in volatility-based trading strategies. Traders who profit from price fluctuations or expect increased volatility may consider LTP levels as part of their decision-making process.
Understanding LTP is vital for anyone participating in the share market. It provides real-time market prices, contributes to price discovery, and influences investor behavior. While LTP has limitations, it remains a valuable tool for traders and investors in making informed decisions. By considering the LTP along with other relevant indicators, one can navigate the share market more effectively and potentially improve trading outcomes.
An Initial Public Offer (IPO) marks a pivotal moment for a privately held company as it ventures into the public market, offering its shares to the general public for the first time. This transition requires meticulous planning and preparation. A critical element that contributes to the triumph of an IPO is the involvement of Anchor Investors. This blog will delve into the significant role these institutional investors play in the IPO process.
Anchor Investors refer to prominent institutional investors such as investment banks, mutual funds, pension funds, insurance companies, and other significant players. They play a vital role by making substantial investments in an IPO, aiming to provide stability to the stock price and inspire confidence among potential investors.
In conclusion, Anchor Investors play an indispensable role in the triumph of an IPO. Their significant investment imparts stability to the stock price, enhances the company's credibility, and entices more investors to partake in the IPO. Furthermore, their ongoing support contributes to the company's continued financial stability. For companies planning an IPO, understanding and seeking the support of Anchor Investors is pivotal to navigating this transformative process successfully.
Implied Volatility (IV) is a crucial concept that traders and investors must grasp. It serves as a measure of the expected volatility of an underlying asset's price, as implied by the prices of options on that asset. By understanding IV, market participants gain valuable insights into potential price movements and can exploit various trading opportunities. Let's delve deeper into this concept and explore its benefits through bullet points and tables where relevant.
IV is determined using an option pricing model, incorporating the following factors:
The result is an annualized percentage, representing the expected volatility of the underlying asset.
Implied Volatility Market Expectation High Higher near-future volatility anticipated Low Lower near-future volatility anticipated
High IV indicates the market's expectation of increased volatility, presenting opportunities to sell options and collect higher premiums due to expensive option prices.
Low IV implies anticipated reduced volatility, creating opportunities to buy options and potentially profit from price moves in the underlying asset.
IV significantly influences options contract prices.
Higher IV leads to higher option prices, advantageous for option buyers.
Lower IV benefits option sellers, allowing them to receive higher premiums.
IV provides insight into potential price movements, aiding risk management.
Higher IV suggests a greater probability of larger price swings, prompting position adjustments or hedging.
IV indicates market expectations for future price changes.
Traders and investors leverage this information to make more informed investment decisions.
High IV suggests expensive options relative to historical levels, creating selling opportunities and premium collection.
Low IV indicates relatively cheap options, opening buying opportunities for potential profits from price movements.
IV can serve as a trading signal or be integrated into trading strategies.
Capitalizing on changes in IV, traders may engage in options or derivative instruments trading.
Implied VolatilityMarket SentimentHighUncertainty or fear about the stock's future prospectsLowComplacency or excessive optimism in the market
Implied Volatility is a valuable tool for traders and investors. It provides insights into market expectations, assists in pricing options, manages risk, and can be used as a trading signal or strategy. Moreover, it can serve as an indicator of market sentiment, reflecting either uncertainty and fear or complacency and optimism. By grasping IV and its implications, traders and investors can make well-informed decisions to navigate the dynamic financial landscape.
The US dollar, as the world's most traded currency, plays a pivotal role in shaping the global economy, including the Indian economy. Its value influences trade, investment, inflation, and overall economic growth in India. In this blog, we'll explore the various ways in which the US dollar affects India's economic landscape.
US Dollar Movement Impact on Indian Trade Strong Dollar- Imports become cheaper for India. - Indian exports become more expensive, affecting competitiveness on the global market. Weak Dollar- Indian exports become more competitive and attractive to international buyers. - Imports become costlier, potentially impacting domestic industries reliant on imported goods.
US Dollar Movement Impact on FDI into India
Strong Dollar- India has become a more attractive destination for foreign investors. Increased purchasing power and profitability for foreign investors.
Weak Dollar - FDI may be discouraged due to currency risk and devaluation concerns. Investors may seek more stable markets for investment.
US Dollar Movement Impact on Inflation in India
Strong Dollar- Lower inflation due to cheaper imports and reduced production costs.
Weak Dollar - Higher inflation due to costlier imports and increased production costs. Interest Rates:
US Dollar Movement Impact on Interest Rates in India
Strong Dollar- Higher interest rates may be imposed to attract foreign investment and curb inflation.
Weak Dollar - Lower interest rates may be implemented to stimulate economic growth.
The Indian economy is significantly influenced by remittances from its expatriate population working abroad. The value of the dollar directly impacts the value of remittances received in India.
US Dollar Movement Impact on Remittances to India
Strong Dollar- The value of remittances in rupees increases, benefiting recipients in India.
Weak Dollar - The value of remittances in rupees decreases, potentially affecting recipients' purchasing power.
सोने की कीमतें पिछले सप्ताह एक महीने के निचले स्तर के करीब रहीं, क्योकि पिछले महीने के अमेरिकी मुद्रास्फीति के आंकड़े अपेक्षा से कम रहे, जबकि अमेरिकी डॉलर और बांड यील्ड मजबूत होने के कारण कीमती धातुओं में साप्ताहिक मंदी रही। हालांकि, आंकड़ों के अनुसार अमेरिकी उपभोक्ता मूल्य सूचकांक (सीपीआई) वार्षिक आधार पर 3.2 प्रतिशत चढ़ गया, लेकिन यह अनुमान 3.3 प्रतिशत से कम रहा, जबकि यह पिछले महीने 3 प्रतिशत था, जिसके बाद यह उम्मीद बढ़ गई है कि अमेरिकी केंद्रीय बैंक 2023 में ब्याज दरें आगे भी बढ़ाएगा। ब्याज दर बढ़ने से कीमती धातुओं पर असर पड़ता है क्योंकि इससे बांड यील्ड बढ़ती है और गैर-उपज वाले बुलियन को रखने की अवसर लागत भी बढ़ जाती है। पिछले सप्ताह सोने और चांदी की कीमतों में ऊपरी स्तरों से दबाव बना रहा, हालांकि एमसीएक्स में ऑक्टूबर वायदा सोना 0.33 प्रतिशत साप्ताहिक गिरावट के बाद 58930 रुपये प्रति दस ग्राम और सितम्बर वायदा चांदी 3 प्रतिशत टूटने के बाद 70000 रुपये प्रति किलो पर कारोबार करती रही। बेंचमार्क अमेरिकी ट्रेज़री यील्ड बढ़ कर 4.1 प्रतिशत हो गई जबकि यू.एस. डॉलर इंडेक्स में 0.5 प्रतिशत की साप्ताहिक बढ़ोतरी दर्ज की गई है। घरेलु बाजार में त्यौहार और शादी सीजन नहीं होने से कीमती धातुओं की मांग सुस्त है। वर्ल्ड गोल्ड कॉउन्सिल के मुताबिक जून की तिमाही में सोने के ऊंचे भाव रहने के कारण भारत में इसकी डिमांड में 7 प्रतिशत की गिरावट दर्ज की गई है। इंदौर सराफा बाज़ार में सोने का हाज़िर भाव 59560 रुपये प्रति दस ग्राम रहा। औद्योगिक धातुओं के प्रमुख आयातक चीन की ओर से कमजोर आर्थिक आकड़ो से स्पष्ट होता है की वैश्विक अर्थव्यवस्था में डिमांड सुस्त है। पिछले सप्ताह चीन के मुद्रास्फीति के आंकड़े -0.3 प्रतिशत के नकारात्मक स्तरों पर पहुंच गए है। जुलाई में चीन के आयात और निर्यात के आंकड़े अनुमान से अधिक सिकुड़ गए है। जिससे वहा प्रॉपर्टी बाज़ार की चिंताए बढ़ गई है। प्रमुख अर्थव्यवस्थाओं के सिकुड़ने के कारण सोने में गिरावट सीमित बना हुई है। इस सप्ताह एफओएमसी मीटिंग के मिनट्स कीमती धातुओं के लिए महत्वपूर्ण रहेंगे।
इस सप्ताह कीमती धातुओं के भाव दबाव में रहने की सम्भावना है। एमसीएक्स अक्टूबर वायदा सोने में सपोर्ट 58000 रुपये पर है और रेजिस्टेंस 60000 रुपये पर है। सितम्बर वायदा चांदी में सपोर्ट 68500 रुपये पर है और रेजिस्टेंस 74000 रुपये पर है।
प्रमुख अर्थव्यवस्थाओं की केंद्रीय बैंको द्वारा कठोर मौद्रिक निति का रुख कीमती धातुओं पर दबाव बनाने लगा है। यूरोप की कई सेंट्रल बैंक और फेड द्वारा उम्मीद से अधिक ब्याज दरों में बढ़ोतरी, कीमती धातुओं में बिकवाली का दबाओ बनाये हुए है। ब्याज दरों में अधिक बढ़ोतरी का असर औद्योगिक धातुओं और कच्चे तेल के भाव में दिख रहा है, जिसके चलते इनकी कीमतों में भी बुलियन के साथ दबाव बना हुआ है। हालांकि, बाज़ारो में तरलता कम होने के कारण डिमांड की चिंता सेफ हैवन अपील बढ़ती है जो बढ़ती ब्याज दरों की परिस्थिति में बुलियन की जगह डॉलर को आकर्षित बना रही है। पिछले सप्ताह बैंक ऑफ़ इंग्लैंड ने ब्याज दरों में आधा प्रतिशत की वृद्धि की जो पूर्वानुमान से दो गुना है। ब्रिटैन की मुद्रास्फीति 8.7 प्रतिशत के स्तरों पर स्थिर बनी हुई है और मुद्रास्फीति को कम होने में अनुमान से अधिक समय लगने की उम्मीद है। यू.के. की मुख्य ब्याज दर अब 5 प्रतिशत हो गई है, जो 15 साल के बाद सबसे अधिक है।यू.के. केंद्रीय बैंक ने अमेरिकी फेडरल रिजर्व के ठीक बाद लगातार 13 बार दरें बढ़ाई हैं, और लगातार 10 दौर की सख्ती के साथ अमेरिका में दरें 5.25 प्रतिशत के शिखर पर पहुंच गई हैं। पिछले सप्ताह अमेरिका से जारी एक्सिस्टिंग होम सेल्स और बिल्डिंग परमिशन के आंकड़े अनुमान से बेहतर दर्ज किये गए है जिससे डॉलर इंडेक्स को सपोर्ट मिला है। फेड अध्यक्ष जेरोम पॉवेल ने पिछले सप्ताह सीनेट के सामने टेस्टीफाई देते हुए इस उम्मीद को मजबूत किया कि अमेरिकी केंद्रीय बैंक इस साल दरों में कम से कम दो बार बढ़ोतरी करेगा। हालांकि, उच्च ब्याज दरें ग्लोबल अर्थव्यवस्था को नुकसान पंहुचा रही है और लम्बे समय तक उच्च ब्याज दरे मुद्रास्फीति में कमी के साथ आर्थिक मंदी को बढ़ावा देगा जो कीमती धातुओं को निचले स्तरों पर सपोर्ट करेगा। अगस्त वायदा सोने में पिछले सप्ताह 1.80 प्रतिशत की गिरावट दर्ज की गई है और भाव 58250 रुपये प्रति दस ग्राम, जबकि चांदी में 6 प्रतिशत से अधिक की साप्ताहिक गिरावट हुई जिससे इसके भाव 68000 रुपये प्रति किलो के स्तरों पर पहुंच गए है।
इस सप्ताह कीमती धातुओं में दबाव जारी रह सकता है। एमसीएक्स अगस्त वायदा सोने में सपोर्ट 56000 रुपये पर है और रेजिस्टेंस 59500 रुपये पर है। जुलाई वायदा चांदी में सपोर्ट 66000 रुपये पर है और रेजिस्टेंस 71000 रुपये पर है।
A systematic Investment Plan (SIP) is a popular investment strategy that allows individuals to invest in mutual funds regularly.
But have you ever wondered if you can apply the concept of SIP to stocks?
In this blog, we will explore the concept of a Stock SIP, its benefits, and who should consider it.
Understanding Stock SIP can help investors diversify their investment portfolios and potentially benefit from long-term wealth creation.
Stock SIP is a strategy where an investor systematically invests a fixed amount of money at regular intervals into selected stocks.
Similar to traditional SIPs in mutual funds, a Stock SIP allows investors to spread their investments over time and take advantage of rupee cost averaging.
Instead of investing in a single stock at a lump sum amount, investors can accumulate shares of various stocks over a period through regular investments.
Stock SIPs may be suitable for investors who have a long-term investment horizon and can tolerate market fluctuations.
Here are a few scenarios where investors might consider a Stock SIP:
Before starting a Stock SIP, it is essential to keep the following points in mind:
While SIPs are traditionally associated with mutual funds, a Stock SIP provides an avenue for investors to accumulate shares of selected stocks in a disciplined manner.
Stock SIPs offer benefits such as rupee cost averaging, diversification, and long-term wealth creation.
However, investors should consider their risk appetite, financial goals, and ability to monitor and review their investments before starting a Stock SIP.
As with any investment strategy, it is crucial to do thorough research, seek professional advice, and stay informed about the market to make informed investment decisions.
By understanding the concept of Stock SIPs and considering the factors discussed in this blog, investors can explore new avenues for wealth creation and portfolio diversification.
**Disclaimer: The information provided in this blog is for educational purposes only and should not be considered as financial advice. Investors are advised to consult with a qualified financial advisor before making any investment decisions.
The Indian stock market has been a major contributor to the country's economic growth. With the increasing demand for trading in the stock market, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have proposed to extend the trading hours. After consulting with experts, the National Stock Exchange (NSE) has decided to extend the market trading hours for interest rate derivatives until 5 pm. additionally, they are considering extending the trading hours for F&O until 11:55 pm and equity trading hours in the cash segment until 5 pm.
Currently, the trading hours on NSE and BSE are from 9:15 am to 3:30 pm, Monday to Friday. While, the pre-opening session starts at 9:00 am and ends at 9:15 am.
Increased Liquidity: The extension of trading hours will increase liquidity in the market. With more traders and investors participating in the market, there will be more buying and selling activity, which will increase liquidity.
Global Exposure: The extension of trading hours will provide Indian traders and investors with an opportunity to trade in global markets during their regular trading hours. This will provide them with exposure to global markets and help them diversify their portfolio.
Timings Duration Shanghai Composite Index 9.30 am to 11.30 am1 pm to 3 pm4 hours Tokyo Stock Exchange 9 am to 11.30 am12.30 pm to 3 pm5 hours National Stock Exchange 9:15 am to 3:30 pm6 hours 15 minutes Bombay Stock Exchange9:15 am to 3:30 pm6 hours 15 minutes New York Stock Exchange 9.30 am to 4 pm 6.5 hours London Stock Exchange 8 am to 12 pm 12.02 pm to 4.30 pm 8 hours 28 minutes Euronext Paris 9 am to 5.30 pm 8.5 hours Frankfurt Stock Exchange 8 am to 10 pm14 hours Better Price Discovery: Longer trading hours can lead to better price discovery as investors get more time to react to news and events.
The need for longer trading hours is debatable. While longer trading hours can increase liquidity and help in the integration of the Indian stock market with global markets, it can also increase the risk of volatility and reduce the quality of life for brokers and traders. Therefore, the decision to extend the trading hours should be taken after considering all the pros and cons. The extension of trading hours in the Indian market has been done for several reasons. One of the primary reasons is to align the Indian stock market with the global markets. Many global markets, including the US and Japan, have extended trading hours. This move will help Indian traders and investors to trade in global markets during their regular trading hours. This will provide them with exposure to global markets and help them diversify their portfolio. It will also help in reducing the time gap between the Indian market and the global markets, which will help in reducing the impact of global events on the Indian market. Another reason for the extension of trading hours is to increase the liquidity in the market. With the extension of trading hours, more traders and investors will be able to participate in the market, which will increase the liquidity. This will also help in reducing the bid-ask spread, which is the difference between the highest price a buyer is willing to pay for a stock and the lowest price a seller is willing to accept. Moreover, the extension of trading hours will also help in reducing the pressure on the market during the regular trading hours. With more trading hours available, traders and investors will be able to spread their trades over a longer period, which will help in reducing the pressure on the market during the regular trading hours.
The post-impact of longer trading hours on the stock market can be as follows:
The extension of trading hours has also had an impact on brokerages. Brokerages have had to increase their staffing levels to accommodate the extended trading hours. This will led to an increase in their operating costs, which may impact their profitability.
The extension of trading hours has also had an impact on investors. Investors now have to monitor the market for a longer period, which may lead to increased stress and fatigue. This may impact their decision-making ability and may lead to suboptimal investment decisions.
The extension of trading hours has also had an impact on market participants, including traders, investors, and market makers. Let's discuss the impact on each of these participants.
The extension of trading hours has provided traders with more opportunities to trade in the market. However, it has also increased the competition among traders, which has led to increased pressure to perform. Traders now have to monitor the market for a longer period, which may lead to increased stress and fatigue. This may impact their decision-making ability and may lead to suboptimal trading decisions.The extension of trading hours has also had an impact on investors. Investors now have to monitor the market for a longer period, which may lead to increased stress and fatigue. This may impact their decision-making ability and may lead to suboptimal investment decisions. Moreover, the increased volatility in the market may lead to increased risk for investors, which may impact their investment strategies.
The extension of trading hours has also has an impact on the market infrastructure. The stock exchanges have had to upgrade their systems to accommodate the extended trading hours. This has led to an increase in their operating costs, which may impact their profitability. Moreover, the increased trading activity during the extended trading hours may lead to increased stress on the market infrastructure, which may impact the smooth functioning of the market. In conclusion, the extension of trading hours in the Indian stock market has had a significant impact on the market participants and the market infrastructure. While it has provided traders and investors with more opportunities to trade in the market, it has also increased the competition among traders and led to increased stress and fatigue. Market makers have had to increase their staffing levels, which has impacted their profitability. The stock exchanges have had to upgrade their systems to accommodate the extended trading hours, which has led to an increase in their operating costs. It is important for market participants to understand these impacts and take appropriate measures to manage their risk.
Ownership
Flexibility
Risk and Volatility
Investment Expertise
Diversification
Both Stock SIP and Mutual Fund SIP offer unique advantages and considerations. Stock SIP provides customization and potential for higher returns, while Mutual Fund SIP offers professional management and diversification. Your investment decision should depend on factors such as your risk appetite, market knowledge, time availability, and investment goals. It's advisable to consult with a financial advisor or stock market broker to make an informed choice that aligns with your financial objectives. Remember, investing always carries some degree of risk, so it's essential to invest wisely and stay updated with market trends and developments.
Pre-Market trading is a session that takes place before regular market hours, allowing investors to place orders and trade stocks before the market officially opens. This session provides an opportunity for investors to react to news and events that may have occurred after the market closed the previous day. In this blog, we will discuss how Pre-Market trading works, its benefits, risks, and strategies to help you make informed decisions.
The pre-open session on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) takes place from 9:00 AM to 9:15 AM, divided into three slots:
During the pre-open session, investors can place the following types of orders:
The exchange uses a process called equilibrium price determination to discover the opening price for a stock. This process takes into account all the buy and sell orders placed during the pre-open session and determines a single price at which the maximum number of shares can be traded.
Pre-Market trading offers investors an opportunity to react to news and events before the market officially opens, potentially providing an advantage in terms of price movements. However, it also comes with risks, such as limited liquidity and price fluctuations. By understanding how Pre-Market trading works and employing appropriate strategies, investors can make informed decisions and potentially benefit from this unique trading session.
कीमती धातुओं में बिकवाली का दबाव पिछले सप्ताह भी जारी रहा और घरेलु वायदा बाजार एमसीएक्स में सोने की कीमते तीन महीने के निचले स्तरों पर आ गई है। अगस्त कॉन्ट्रैक्ट सोने के भाव पिछले सप्ताह 0.76 प्रतिशत टूट कर 57800 रुपये प्रति दस ग्राम पर आ गए। जबकि चांदी के भाव में मामूली साप्ताहिक गिरावट रही और इसके भाव 69000 रुपये प्रति किलो के स्तरों पर कारोबार करते दिखे। दरसल, फेड द्वारा ब्याज दर बढ़ोतरी पर अपना कठोर रुख बरक़रार रखने के कारण अमेरिकी बेंचमार्क ट्रेज़री यील्ड में बढ़ोतरी देखने को मिल रही है जिससे डॉलर इंडेक्स में भी तेज़ी बानी हुई है और कीमती धातुओं के भाव में दबाव है।
मजबूत अमेरिकी आर्थिक आंकड़ों ने जोखिम उठाने की क्षमता को बढ़ा दिया है और फेडरल रिजर्व द्वारा ब्याज दरों में और बढ़ोतरी को लेकर भी चिंता बढ़ गई। अमेरिकी सकल घरेलू उत्पाद के आंकड़े में तेजी से बढ़ोतरी और बेरोज़गारी दावों में कमी से यह स्पष्ट हुआ है कि दुनिया की सबसे बड़ी अर्थव्यवस्था उम्मीद से अधिक मजबूत है, जिससे सोने की सुरक्षित हेवन अपील कम हो गई है। यूरोप और यूनाइटेड किंगडम में मुद्रास्फीति अभी ऊचाई पर क़ायम है जिससे इन देशो की केंद्रीय बैंक भी मौद्रिक निति के प्रति कठोर है, जो सोने की कीमतों पर दबाव बना रही है। इस सप्ताह कीमती धातुओं के लिए एफओएमसी मीटिंग के मिनट्स और यूएस पैरोल के आंकड़े कीमती धातुओं के लिए महत्वपूर्ण रहेंगे।
इस सप्ताह कीमती धातुए सिमित दायरे में रह सकती है। एमसीएक्स अगस्त वायदा सोने में सपोर्ट 56500 रुपये पर है और रेजिस्टेंस 59000 रुपये पर है। सितम्बर वायदा चांदी में सपोर्ट 67000 रुपये पर है और रेजिस्टेंस 71000 रुपये पर है।
स्वस्तिका इंवेस्टमार्ट के साथ कमोडिटी मार्केट में निवेश करें। पुरस्कार जीतने वाले रिसर्च विशेषज्ञों से शेयर मार्केट और कमोडिटी की नवीनतम अपडेट प्राप्त करें।
Investing in the stock market can seem complex, but there are simplified options available, like Equal Weight Index Funds. These funds aim to provide broad market exposure while offering a straightforward investment strategy. In this blog, we will explore the concept of Equal Weight Index Funds, their benefits, and how they can be an attractive investment option for individuals in the Indian stock market. We will also provide an example to illustrate how these funds work.
Equal Weight Index Funds is a type of index fund that follows an equal-weighted approach to constructing the portfolio. In traditional market-cap weighted index funds, larger companies dominate the fund's performance, as their higher market capitalization gives them more weight. However, Equal Weight Index Funds assign the same weight to each stock in the index, regardless of their size.
For example, let's say we have an Equal Weight Index Fund tracking the Nifty 50 Index, which represents the top 50 stocks on the National Stock Exchange (NSE) in India. In a market-cap weighted fund, a large company like Reliance Industries would have a significant influence due to its substantial market capitalization. But in an Equal Weight Index Fund, each stock would have an equal allocation, ensuring that smaller companies have an equal say in the fund's performance.
Example of Equal Weight Index Fund in the Indian Stock Market: Suppose an investor decides to invest in an Equal Weight Index Fund tracking the Nifty Next 50 Index, which represents the next 50 companies on the NSE after the Nifty 50. The fund has a total asset value of Rs. 1 crore (10 million) and consists of 50 stocks, each with an equal allocation of Rs. 2 lakhs (200,000).
After a year, the fund's performance reveals that some stocks have outperformed while others have underperformed. As a result, the fund manager decides to rebalance the portfolio. The outperforming stocks are sold, and the proceeds are used to buy more of the underperforming stocks. This ensures that the equal weight allocation is maintained.
By rebalancing, the fund manager aims to capture the potential gains from the underperforming stocks while reducing exposure to the overperforming ones. Over time, this disciplined approach can potentially lead to improved returns.
Equal Weight Index Funds vs. Market Capitalization-Weighted Index Funds
Aspect Equal Weight Index Funds Market Capitalization-Weighted Index Funds Weighting MethodologyEqual weight allocation to all stocksWeighted based on market capitalizationDiversificationHigher diversification across all stocksConcentrated exposure to larger companiesPerformance PotentialOutperformance during smaller stock ralliesReflects market movements of larger stocksRebalancing FrequencyPeriodic rebalancing to maintain equal weightageLess frequent rebalancingTransaction CostsPotentially higher due to rebalancingLower turnover, potentially lower costsVolatilityCan exhibit higher volatilityGenerally lower volatilityMarket EfficiencyPotentially includes less efficient companiesReflects market efficiencyTransparency and SimplicityTransparent and straightforward investment strategyStraightforward investment strategy
Equal Weight Index Funds provide investors with a simple and effective way to gain exposure to a broad market index while offering diversification and exposure to smaller companies.
Pre-Market trading is a session that takes place before regular market hours, allowing investors to place orders and trade stocks before the market officially opens. This session provides an opportunity for investors to react to news and events that may have occurred after the market closed the previous day. In this blog, we will discuss how Pre-Market trading works, its benefits, risks, and strategies to help you make informed decisions.
The pre-open session on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) takes place from 9:00 AM to 9:15 AM, divided into three slots:
During the pre-open session, investors can place the following types of orders:
The exchange uses a process called equilibrium price determination to discover the opening price for a stock. This process takes into account all the buy and sell orders placed during the preopen session and determines a single price at which the maximum number of shares can be traded.
Let's look at a couple of simple examples to understand pre-market trading:
Suppose a popular Indian e-commerce company announces better-than-expected quarterly earnings after the regular market closes. This news is likely to create positive market sentiment and potentially lead to an increase in the company's stock price.
During the pre-market session, investors who hear about the positive earnings report and expect the stock price to go up may place buy orders for shares of that e-commerce company. By doing this, they can take advantage of the potential price increase and buy the stock before the regular market opens.
Let's say there is negative news from a global event that causes a sharp decline in the stock prices of technology companies listed on international markets, including the NASDAQ. This negative sentiment may also impact Indian technology stocks when the regular market opens.
In this scenario, investors who anticipate the negative impact on Indian technology stocks can place sell orders during the pre-market session. By doing so, they can protect themselves from potential losses or take advantage of the downward price movement by selling the stocks before the regular market opens.
These simplified examples illustrate how investors can make trades during the pre-market session based on news or events that may impact stock prices. By acting early, investors have the opportunity to benefit from favorable price movements or minimize potential losses.
Pre-Market trading offers investors an opportunity to react to news and events before the market officially opens, potentially providing an advantage in terms of price movements. However, it also comes with risks, such as limited liquidity and price fluctuations. By understanding how Pre-Market trading works and employing appropriate strategies, investors can make informed decisions and potentially benefit from this unique trading session.
एम नरसिंहम के निधन से हमें मौलिक क्षेत्र में सुधार के लिए उनके योगदान की याद आती है | चाहे वो वो बात बैंकिंग सेक्टर के रिफॉर्म्स की हो या अन्य सुधार की, एम नरसिम्हम का जितना शुक्रिया की जाए उतना कम है|
आज भी जब वित्तीय क्षेत्रों में सुधारो की बात आती है तो एम नरसिंहम का नाम सबसे पहले आता है | आज हम बैंकिंग सेक्टर में जो भी परिवर्तन देखते है, उसका नरसिंहम युगांतर रिपोर्ट में ज़िक्र न हो ऐसा नहीं हो सकता| उनकी रिपोर्ट वीरतापूर्ण थी क्योंकि वे सभी वैश्विक ज्ञान को उस समय लाये थे जब भारत में टेक्नोलॉजी तो दूर इंटरनेट का हो पाना तक असंभव था | उनकी रिपोर्ट समिति द्वारा लायी गयी वास्तविक म्हणत पर आधारित थी | उनकी रिपोर्ट के आधार पर बनाये गए बैंकिंग रिफॉर्म्स में काफी हद तक प्रगति हुई और हम यही आशा करते है की पिछले तीन दशकों में हुई प्रगति से उन्हें काफी संतुष्ट हुई होगी| अब यह देखना दिलचस्प होगा की इन प्रणालियों को बैंकिंग सेक्टर ने किस तरह से अपनाया है |
पहला,बैंक ऑफ़ इंटरनेशनल सेटलमेंट (बी आई एस ) आय, मान्यता, पूँजी, पर्याप्तता , संपत्ति की गुणवत्ता आदि को प्रस्तावित कर विवेकपूर्ण अवधारणाएं ला रहा था | इन विचारों को पचने में समय लगा, और भारतीय रिजर्व बैंक (आरबीआई) ने उन्हें क्रमबद्ध तरीके से लाने के लिए एक तारकीय कार्य किया ताकि व्यवस्था बाधित न हो|
बेसल II और बेसल III एक ही पाठ्यक्रम के विस्तार है। यह याद किया जा सकता है कि RBI ने गैर-निष्पादित परिसंपत्तियों (NPA) को मान्यता देने के लिए 90-दिवसीय अवधारणा लाने में समय लिया ताकि प्रणाली इस नियम को अवशोषित करने में सक्षम हो।
दूसरा, उन्होंने देश में बैंको का ज्यादा से ज्यादा प्राइवेटाइजेशन करने के विचार को प्रचारित किया था, जो बहुत अच्छी तरह से समयबद्ध था क्योंकि सिस्टम को सार्वजनिक क्षेत्र के बैंकों (PSB) द्वारा टाइप किया गया था, जिसे राष्ट्रीयकरण की छाया दी गई थी।
नए प्राइवेट बैंको के आने से बैंकिंग सेक्टर में टेक्नोलॉजी की क्रांति आयी, जिसने अब सभी बैंकों को वैश्विक स्तर पर तुलनीय बनाने की अनुमति दी है। इस सुझाव के साथ एक लंबे समय के लिए अंतरराष्ट्रीय बैंकों को भारत में काम करने के लिए पेशकश की गई थी, एक एजेंसी के संकेत के अलावा कि कोई अतिरिक्त राष्ट्रीयकरण नहीं हो सकता है।
तीसरा , उन्होंने जमा और ऋण पर ब्याज की दरों को मुक्त किया और यह महत्वपूर्ण था जब तक कि सभी विकल्प यहां 'ऊपर' से नहीं मिल गए। यहाँ , RBI ने धीरे-धीरे बैंकों को जमा दरों पर अपनी दरों को तय करने की स्वतंत्रता देने की दिशा में कदम बढ़ाया, हालांकि ऋण देने का पक्ष एक बार फिर आंशिक विनियमन के मोड़ पर है, केंद्रीय बैंक ने उन्हें एक सूत्र का पालन करने के लिए कहा।
चौथा, समिति ने सीआरआर (Cash Reserve Ratio)और बैंकों के एसएलआर (Statutory Liquidity Ratio) में तेज कटौती के लिए तर्क दिया। आश्चर्य की बात यह है कि जब बैंक सीआरआर होने के खिलाफ तर्क देते हैं, तो 1989 में सिस्टम की दर 15% थी और फिर 1994 में, जिसके बाद इसे 4% तक लाया गया। 1990 में अपने चरम पर SLR 38.5% था| इसलिए, इन पूर्व-उत्सर्जन भंडार को कम करने का कदम समिति के लिए बहुत अधिक है।
पांचवां, सरकारी प्रतिभूतियों के पोर्टफोलियो को बाजार में चिन्हित करने की अवधारणा फिर से इस रिपोर्ट में अधिक थी । यह उन्हें बाजार-उन्मुख बनाने का एक तरीका था|
छठे, नरसिंहम ने बैंकों की एक चार-स्तरीय संरचना बनाने की बात कही थी, जिसे हम तीन दशक से लाइन में देख रहे हैं। बड़े बैंकों के विचार जो विश्व स्तर पर प्रतिस्पर्धी हो सकते हैं, क्षेत्रीय बैंक जो विशिष्ट उद्देश्यों, आला बैंकों की सेवा करते हैं जो समुदायों को पूरा करते हैं, और अंत में नए छोटे बैंक और भुगतान बैंक इस रिपोर्ट के लिए अपनी उत्पत्ति का श्रेय देते हैं।
सातवें, एवरग्रीन के कन्सेप्ट को उजागर करना कुछ ऐसा है जिसे समिति द्वारा तालिका में लाया गया था। लेकिन जैसा कि देखा गया है कि सदाबहार और पुनर्गठन को विभाजित करने वाली एक अच्छी रेखा है - उत्तरार्द्ध आज भी वैध है। यह इस नियम को चकमा दे रहा था और एनपीए को पुनर्गठित परिसंपत्तियों के रूप में वर्गीकृत किया गया था, जो 2015 में परिसंपत्ति की गुणवत्ता की समीक्षा करने के लिए प्रणाली को शर्मनाक स्थिति में लाया था।
आठवें, कमजोर बैंकों की पहचान और परिस्थितियों को ध्यान में रखते हुए एक बार इस ईबुक से एक विचार था और इसलिए आरबीआई के पीसीए (तत्काल सुधारक) ने इस अध्याय से कवरेज किया है। इस तरह के बैंकों से निपटने और उन्हें स्लिम बैंकिंग के साथ खिलवाड़ से बाहर निकालने का तरीका एक मध्यवर्ती मार्ग था जिसका जिक्र इस रिपोर्ट में मिला|
नौवा, वित्तीय संस्थान खातों में पारदर्शिता का उपयोगी परिचय | वर्तमान में वार्षिक रिपोर्ट्स, माउंटेड कोडेक्स का पालन करते है और यह सभी बैंकों से संबंधित किसी भी पहलु का विश्लेषण करने में सक्षम है | पहले ऐसा नहीं था और अब इसके लिए आर बी आई ) को इस सुधार का श्रेय देना चाहिए|
दसवें, मौद्रिक क्षेत्र में विलय के विचार की कल्पना तब की गई जब यह तालमेल बनाने के लिए आता है और समिति ने इसके अलावा PSBs के बीच विलय की बात की, जो अब एक वास्तविकता है। शीघ्र ही विलय के परिणामस्वरूप अतिरिक्त हो गए हैं, जबकि जो लोग पिछले कुछ वर्षों में एफएम द्वारा लिए गए हैं, इन सभी सिद्धांतों को ध्यान में रखते हुए एक जानबूझकर हस्तांतरण किया गया है।
हालांकि, कुछ सिफारिशें हैं जिन्हें अभी भी पूरा किया जाना बाकी है, हालांकि इनमें से कुछ के लिए कुछ तात्कालिकता दिखाई गई है।
पहली बार पीएसबी के निजीकरण से संबंधित है। यह कुछ ऐसा है जिसे सरकार 2021-22 के केंद्रीय बजट के अनुसार गंभीरता से देख रही है।
दूसरा, पूर्ण निवेश के लिए बैंकों को लक्षित किया जा रहा है। यह देखते हुए कि विलय किए गए PSB इस लूप से बाहर हैं, ऐसा लगता है कि उम्मीदवार छोटे होंगे, जिनके पास बेहतर वित्तीय नहीं हो सकता है, हालांकि मजबूत बुनियादी ढांचे और प्रक्रियाओं के साथ सर्वोत्तम है।
इसलिए, नरसिम्हम, वे जहाँ कही भी है , इस प्रगति को देख के संतोष हो रहे होंगे | उन्होंने अर्थव्यवस्था को कई मापदंड सेट किये , उन्होंने भारतीय अर्थव्यवस्था में सामाजिक-आर्थिक परिस्थितियों को देखते हुए वो सुधर किये जो आसानी से कर पाना बेहद कठिन था | हालांकि, संरचनात्मक परिवर्तनों में समय लगता है|
तीन सप्ताह की लगातार गिरावट के बाद सोने और चांदी की कीमते पिछले सप्ताह पलट गई और एमसीएक्स में अगस्त वायदा सोना एक प्रतिशत और जुलाई वायदा चांदी दो प्रतिशत से अधिक तेज़ हुई है। घरेलु वायदा बाज़ार में सोने की कीमते 60250 रुपये प्रति दस ग्राम और चांदी 72800 रुपये प्रति किलो पर कारोबार करती रही। पिछले सप्ताह अमेरिका, यूरो ज़ोन और चीन से जारी हुए आर्थिक आकड़ो से मिले जुले संकेत दिखे जिससे कीमती धातुओं के भाव में तेज़ी देखने को मिली। अमेरिकी तकनीक, खुदरा और ऑटो क्षेत्रों में पिछले महीने छंटनी की खबरें रही, और 2016 के बाद से कुल भर्तियां सबसे कम रही जिससे डॉलर इंडेक्स में दबाव बना और यह 0.7 प्रतिशत फिसल कर 103.38 के स्तरों पर पहुंच गया। हालांकि, एम्प्लॉयमेंट ट्रैकर एजेंसी के सर्वे से संकेत मिलते हे की रोज़गार बाज़ार अभी मजबूत है और मुद्रास्फीति स्थिर रह सकती है। 16 महीनों में अमेरिका की ब्याज दरें 0.50 प्रतिशत से बढ़कर 5 प्रतिशत से अधिक हो गई है। जिससे यह उम्मीदे बढ़ने लगी है की मुद्रास्फीति को नियंत्रित करने के लिए ब्याज दर बढ़ोतरी के बदले अन्य उपाय किये जाने चाहिए। 14 जून को होने वाली फेड की बैठक में ब्याज दर बढ़ोतरी की सम्भवना कम है, लेकिन बाद की बैठकों में इस पर पुनः विचार किया जा सकता है।
इस सप्ताह कीमती धातुओं में तेज़ी रहने की सम्भावना है। एमसीएक्स जून वायदा सोने में सपोर्ट 59000 रुपये पर है और रेजिस्टेंस 61800 रुपये पर है। जुलाई वायदा चांदी में सपोर्ट 71000 रुपये पर है और रेजिस्टेंस 74500 रुपये पर है।
The Indian tax system underwent a major overhaul with the introduction of the new tax regime. The new tax regime offers lower tax rates but limits the number of deductions and exemptions available to taxpayers. While the old tax regime continues to exist, taxpayers have the option to choose between the two regimes. We will discuss the differences between the old tax regime and the new tax regime, and which one is better based on your income level and tax-saving investments.
The old tax regime is the traditional tax system that has been in place for many years. Under the old tax regime, taxpayers are allowed to claim various deductions and exemptions to reduce their taxable income. Some of the popular deductions and exemptions under the old tax regime include:
The new tax regime was introduced in the 2023 Union Budget with the aim of simplifying the tax system and offering lower tax rates to taxpayers. Under the new tax regime, taxpayers are not allowed to claim most deductions and exemptions available under the old tax regime. However, the tax rates under the new tax regime are lower than the old tax regime. The tax rates under the new tax regime are as follows:
Annual Income Income tax old slab regime Income Tax new slab regime (AY 23-24) Upto Rs.2.5 lakhNilNil2.5 lakh-5 lakh5%5%Rs.5 lakh-7.5 lakh20%10%Rs.7.5 lakh-10 lakh 20% 15% Rs.10 lakh-12.5 lakh 30% 20% Rs.12.5 lakh -15 lakh 30% 25% Rs.15 lakh & above 30% 30%
Income RangeRates as per New Tax Regime(AY 2024-25 onwards)Up to INR 3,00,000NilINR 3,00,001 – 6,00,0005%INR 6,00,001 – 9,00,00010%INR 9,00,001 – 12,00,00015%INR 12,00,001 – 15,00,00020%Above INR 15,00,00030%
The choice between the old tax regime and the new tax regime will depend on various factors such as income level, tax-saving investments, and deductions and exemptions available to taxpayers.
For taxpayers with a lower income level and without any tax-saving investments, the new tax regime would be more beneficial as it offers lower tax rates.
The old tax regime is the one that has been in place for many years and is the default option for most taxpayers. Under this regime, taxpayers can claim a variety of deductions and exemptions to reduce their taxable income. Some of the most popular deductions include those for investments in instruments such as Public Provident Fund (PPF), Equity Linked Saving Scheme (ELSS), and National Pension System (NPS). Taxpayers can also claim deductions for expenses such as home loan interest, medical expenses, and donations to charitable organizations.
The new tax regime was introduced in the Budget Under this regime, taxpayers cannot claim deductions for investments or expenses, but the tax rates are lower than those in the old regime. For example, under the new regime, taxpayers with income up to Rs. 15 lakh are subject to a tax rate of 25%, whereas under the old regime, they would be subject to a tax rate of 30%.
So, which regime is better? It depends on your individual financial situation. If you have a lot of investments and expenses that qualify for deductions and exemptions, the old regime may be better for you as it can help you reduce your taxable income and, therefore, your tax liability. On the other hand, if you don't have many investments or expenses that qualify for deductions, the new regime may be a better option as it offers lower tax rates.
It's important to note that once you choose a tax regime for a financial year, you cannot switch to the other regime until the following financial year. So, make sure to carefully evaluate your options before making a decision.
In conclusion, both the old and new tax regimes have their own advantages and disadvantages, and which one is better for you depends on your individual financial situation. If you're not sure which regime to choose, it may be a good idea to consult a tax professional who can help you make an informed decision.
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RISK DISCLOSURES ON DERIVATIVES.
Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
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