From Inflation to Bond Yields: Understanding Interest Rate Cycles & Market Impact.

Laxmi Organic is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in the large scale manufacturing of chemicals. Since its inception in 1989, it has been on a journey of transformation.

It initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.

Laxmi Organic is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products. Its products are currently divided into two broad categories, namely the Acetyl Intermediates and Specialty Intermediates.

Alembic Pharmaceuticals Limited, Laurus Labs Limited, Granules India Limited, Hetero Labs Limited, Heubach Colour Private Limited, Hubergroup India Private Limited, Huhtamaki India Limited, Macleods Pharmaceuticals Private Limited, Suven Pharmaceuticals Limited, Colourtex Industries Private Limited, and UPL Limited are some of its customers.

The company has a global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four speciality chemicals.

Product Portfolio:

The products currently manufactured by us are divided into two categories, namely the Acetyl Intermediates and Specialty Intermediates.

Acetyl Intermediates:

The Acetyl Intermediates find application in inter alia the pharmaceuticals, agrochemicals, inks and paints, coatings, printing, packaging, and adhesives industries. Ethyl acetate is used in multiple industries as a solvent.

Speciality Intermediates:

Specialty Intermediates comprise more than 34 products which include ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Speciality Intermediates find application in inter alia the pharmaceuticals, agrochemicals, dyes and pigments.

Strength of the Company

• Leading manufacturer of ethyl acetate in India.
• The largest manufacturer of diketene derivative products.
• Diversified customer base across industries.
• Strategically located manufacturing facilities.
• Consistent financial performance.

RISKS RELATING TO BUSINESS

• Any failure to commercialize new products may adversely impact a company’s business.
• Any shortfall in the supply of our raw materials has an adverse effect on business
• The company is exposed to foreign currency exchange risks which may adversely impact the results of operations
• Any significant fall in global prices of products may have an adverse effect on business
• Disruptions of logistics could adversely affect our business and the results of operations.

IPO DetailsIPO DateMarch 15th, 2021 to March 17th, 2021Issue TypeBook Built Issue IPOIssue Size45,15,38,46 Equity Shares of ₹2 (aggregating up to ₹600.00 Cr)Fresh Issue23,07,69,23 Equity Shares of ₹2 (aggregating up to ₹300.00 Cr)Offer for Sale23,07,69,23 Equity Shares of ₹2 (aggregating up to ₹300.00 Cr)Face ValueRs.2 per equity shareIPO Price RangeRs.129 to Rs.130 per equity shareMinimum Order Quantity115 sharesListing AtBSE, NSE

IPO Objective:

The company purposes to utilize funds towards the following objectives:

• Investment in Yellowstone Fine Chemicals Private Limited (“YFCPL”)for funding its working capital requirements
• Funding capital expenditure requirements for expansion of its SI Manufacturing Facility
• Funding working capital requirements of the Company
• Purchase of plant and machinery for augmenting infrastructure development at its SI Manufacturing Facility
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company & its wholly-owned Subsidiary, Viva Lifesciences Private Limited

Financial Performance:

Laxmi Organic’s financial performance (in INR crore)Financial YearFY2018FY2019FY2020H1 FY2021Revenue1,396.11,574.31,538.6814.4Expenses1,282.81,476.31,483.5758.2Net income76.072.369.745.6Net margin: (%)5.44.64.55.6

Tentative Time Table:

• IPO Opens on 15 March 2021
• IPO Closes on 17 March 2021
• Basis of Allotment Date: Mar 22, 2021
• Initiation of Refunds: Mar 23, 2021
• A credit of Shares to Demat Account: Mar 24, 2021
• IPO Listing Date: Mar 25, 2021

Outlook:

Incorporated in 1989, Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI)

According to the Frost & Sullivan Report, given its expertise in the Acetyl Intermediates and the Specialty Intermediates segments, its entry into the fluorochemicals space will put it in a differentiated position from other chemical manufacturers.

Laxmi Organic has been the largest exporter of ethyl acetate from India in the six months ended September 30, 2020, and Fiscals 2020, 2019, and 2018 and one of the largest exporters of ethyl acetate to Europe from India since 2012.

For the six months ended September 30, 2020, and the Fiscals 2020, 2019, and 2018, its Company’s revenue from exports of manufactured products contributed 23.17%, 24.24%, 27.80%, and 22.18%, respectively, of its revenue from operations on a standalone basis.

The company has had stable revenue growth over the last three years though the company has not grown significantly over the same period, while we can see a decline in net profits too. The margins of the company have been stable varying between 4%-6%.

At the upper price band of Rs. 130 and EPS of Rs. 2.86, the PE works out to be 37.68 which is higher than the industry average of 21.70. However, their entry into a high margin business of specialty fluorochemicals though the IPO justifies the higher PE.

Eyeing the growth of the intermediaries industry and its growth globally we may expect the company to do well in the upcoming years. Laxmi Organic was the largest exporter of ethyl acetate from India in the six months ending September 2020. We may expect the company to do much better with the new acquisition.

Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020. It started its jewellery business in 1993 with a single showroom in Thrissur, Kerala.

The key business activities of the company are to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions i.e. wedding, festivals, etc.

Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located across 21 states and union territories in India.

It not just serves the domestic market but also serves overseas customers with 30 showrooms located in the Middle East. The company generates a significant portion of revenues from gold jewellery, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewellery segments.

Kalyan Jewellers designs manufacture and sells a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily-wear jewellery.

Product Portfolio:

The company design, manufacture and sell a wide range of jewellery products at varying price points for uses ranging from jewellery for special occasions such as weddings, which is our highest sold product category, to daily-wear jewellery.

Product Category:

• gold jewellery,
• studded jewellery (including diamond) and
• other jewellery (including platinum jewellery and silver jewellery)

Strength of the Company

• One of India's largest jewellery companies.
• Trusted Jewelry brand.
• Strong network distribution with global outreach.
• Wide range of jewellery product offerings.
• Experienced promoters and managers.

RISKS RELATING TO BUSINESS:

• Changes or a downturn in economic conditions may affect consumer spending, including on a company’s products.
• The company may be unable to expand our product offerings and distribution channels
• The company’s income and sales are subject to seasonal fluctuations which may have a disproportionate effect on the results of operations.
• Company’s business depends on promoters and senior management and their ability to attract and retain sales personnel

IPO Details:

IPO Date March 16th, 2021 to March 18th, 2021Issue Type Book Built Issue IPO Issue Size135057471 Eq Shares of ₹10(aggregating up to ₹1,175.00 Cr)Fresh Issue91954023 Eq Shares of ₹10(aggregating up to ₹800.00 Cr)Offer for Sale43103448 Eq Shares of ₹10(aggregating up to ₹375.00 Cr)Face ValueRs.10 per equity share IPO PriceRs.86 to Rs.87 equity share Min Order Quantity 172 Listing At BSE, NSE

IPO Objective:

The company purposes to utilize funds towards the following objectives:

• To finance business working capital requirements.
• To meet general corporate purposes.

Financial Performance:

Kalyan Jewellers’ financial performance (in INR crore)FY2018FY2019FY20209M FY2021Revenue10,580.29,814.010,181.05,549.8Expenses10,366.49,793.19,960.15,608.9Net income140.9-4.8142.2-79.9Margin (%)1.30.01.4-1.4

Tentative Time Table:

IPO Opens on 16 March 2021

IPO Closes on 18 March 2021

Basis of Allotment Date: Mar 24, 2021

Initiation of Refunds: Mar 2021

Credit of Shares to Demat Account: Mar 2021

IPO Listing Date: Mar 26, 2021

Outlook:

Kalyan Jeweller is one of India’s largest jewellery companies with a pan-India presence. The hyperlocal strategy enables the company to cater to a wide range of geographies and customer segments.

In Fiscal 2020, 78.19% of its revenue was from India and 21.81% was from the Middle East. Over the same period, 74.77% of its revenue from operations was from the sale of gold jewellery, 23.36% was from the sale of studded jewellery (which includes diamonds and precious stones), and 1.87% was from the sale of other jewellery.

In fact, in Fiscal 2019, the revenue earned fell by over 9%. This was attributed due to an experimental strategy that the company adopted in that year. The questionable strategy was withdrawn after that year, and the revenue again increased by 3.58%. As the revenue from operations declined in FY 2019, this is also reflected by the net profit earned by the profit.

Another factor that can contribute to the dismal performance in FY 2019 is the severe floods that hit the southern part of India during this time. Owing to this, the demand for gold jewellery was affected.

The total assets owned by the company has shown a CAGR of 5.02% between 2017 and 2020. One positive fact to note here is that the long-term debt of Kalyan Jewellers has shown a consistent decline over the years.

As for India, expenditure on jewellery is one of the top constituents of retail consumption. In 2020, the amount spent on jewellery amounted to Rs. 449 thousand crores. This is expected to grow to Rs. 633 thousand crores by 2025 which will surely benefit the company in the long run.

Incorporated in 1986, Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develops and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment.

The business operates 3 key segments namely Automotive-Powertrain and others, Automotive-Aluminium Products, and Industrial and Engineering division that is engaged in manufacturing material handling equipment i.e. hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, storage solutions, etc.

The company owns 12 state-of-the-art manufacturing facilities across 7 cities of India. Its customer base includes Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.

Furthermore, it has two wholly-owned overseas subsidiaries, namely Craftsman Marine B.V. and Craftsman Automation Singapore Pte Limited. Craftsman Marine B.V. is engaged in the marketing, sales, and servicing of marine engines, engineering products and accessories for propulsion, manoeuvring and steering parts, storage, electronic instruments, deck equipment and spare parts for all the engines and other equipment used in yachts.

These products are manufactured and assembled by us in India and sold under the name “Craftsman Marine” by our subsidiary. Craftsman Automation Singapore Pte Limited, also set up in 2008 in Singapore, is its strategic sourcing centre for overseas procurement, primarily for procurement of aluminum ingots, which is one of its key raw materials.

Product Portfolio:

The company has three business segments :

Automotive – Powertrain and Others

Automotive – Powertrain and Others segment include engine parts such as cylinder block and cylinder head, camshafts, transmission parts, gear box housings, turbo charges and bearing caps.

Automotive – Aluminium Products

The Aluminium Products segment include crank case and cylinder blocks for two-wheelers, engine and structural parts for passenger vehicles and gearbox housing for a heavy commercial vehicle.

Industrial & Engineering Segment

This segment can be divided into two sub-segments, namely, High-End Sub-Assembly, Contract Manufacturing & Others and Storage Solution & Material Handling.

Strength of the Company

• Leading engineering product manufacturer.
• Strategically located and vertically integrated manufacturing facilities.
• Strong product design capabilities.
• Robust financial performance.

RISKS RELATING TO BUSINESS

• Company’s Inability to meet obligations under debt financing arrangements could adversely affect business.
• Group Companies have incurred losses in the last three Fiscals.
• The company do not have long term contracts with any of our supplier which could adversely affect their business.
• The company is subject to risks arising from interest rate fluctuations, which could adversely affect its results.
• The company has been unable to locate certain of its corporate records.

IPO Details:

IPO DateMarch 15th, 2021 to March 17th, 2021Issue TypeBook Built Issue IPO Issue Size5528161 Eq Shares of ₹5(aggregating up to ₹823.70 Cr)Fresh Issue1,006,711 Eq Shares of ₹5(aggregating up to ₹150.00 Cr)Offer for Sale4,521,450 Eq Shares of ₹5(aggregating up to ₹673.70 Cr)Face ValueRs.5 per equity shareIPO PriceRs.1488 to Rs.1490 equity shareMin Order Quantity10Listing AtBSE, NSE

IPO Objective:

The company purposes to utilize funds towards the following objectives;

• To make repayment/pre-payment of company's borrowing fully or partially.
• To meet general corporate purposes.

Financial Performance:

Craftsman Automation’s financial performance (in INR crore)FY2018FY2019FY2020H1 FY2021Revenue1,522.91,831.61,501.1536.5Expenses1,479.61,692.11,437.9526.1Net income25.687.841.75.6Net margin: (%)1.74.82.81.0

Tentative Time Table:

• IPO Opens on 15 March 2021
• IPO Closes on 17 March 2021
• Basis of Allotment Date: Mar 22, 2021
• Initiation of Refunds: Mar 23, 2021
• The credit of Shares to Demat Account: Mar 24, 2021
• IPO Listing Date: Mar 25, 2021

Outlook:

Craftsman Automation commenced its operations in 1986 in Coimbatore, in the State of Tamil Nadu, India. It is a diversified engineering company with vertically integrated manufacturing capabilities.

It is the largest player involved in the machining of cylinder blocks and cylinder heads in the medium and heavy commercial vehicles category. Craftsman owns and operates 11 strategically located manufacturing facilities across seven cities in India, with a total built-up area of over 1.5 million sq. ft.

The revenues of the company have been in a declining mode over the last three years. However, the key point to note is that over the last five years the auto sector has not done pretty well and we are seeing a turnaround in the industry after the lockdown and Craftsman automation is doing well since then.

Craftsman is the top 3-4 component manufacturers with respect to cylinder block matching in the case of the tractor industry, which is a very positive thing for the company and we expect things to do better form year.

At the upper price band of Rs. 1490 and 3 years average EPS of Rs. 28.95 the PE works out to be 51x as while current the PE of the industry is 60.7x. The valuations of the company look attractive at the current level and as the auto industry is expected to do well in the near future we may expect that company should do well too.

Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. The company started business as a partnership firm in 1984 as a manufacturer of conventional products.

Their business verticals are (i) life science-related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives, company’s focus is to manufacture products with sustainability using our continuous process technology through flow chemistry and photochemistry, greater R&D and engineering capabilities to deliver values for customers for their complex and multi-step synthesis projects.

Green manufacturing and green growth have always been at the top of the agenda, they have developed new eco-friendly, safer and novel routes for many products. Most of these products have been introduced on an exclusive basis for their customers.

Certain of their facilities are ISO 9001:2015 and ISO 14001:2015 certified companies with sound technology, environment consciousness, rich history of innovation through research, and a total commitment to excellence towards quality and sustainability.

There are six manufacturing sites that are located in the state of Gujarat: 4 sites are in Sachin, Surat and 2 state of art sites are in Jhagadia, Gujarat.

Product Portfolio:

The company’s products and services are organized primarily in the following segments:

• The company manufactures agro intermediates and agro active ingredients for the agrochemicals industry which are used in the manufacture of insecticides, fungicides and herbicides.
• For the personal care industry, companies provide anti-bacterial and ultraviolet protection intermediates and ingredients
• In the pharmaceutical segment, companies focus on developing intermediates and ‘key starting materials’ for active pharmaceutical ingredients, and may also be used in material sciences and surface chemistry.

Strengths of the Company

• Strong and long-term relationships with diversified customers across geographies with significant entry barriers
• The core focus on process innovation through consistent R&D, value engineering and complex chemistries
• Diversified and customized product portfolio with a strong supply chain
• Automated manufacturing facilities with a strong focus on the environment, sustainability, health, and safety measure
• Consistent track record of financial performance
• Experienced promoters and a strong management team.

RISKS RELATING TO BUSINESS

• Any unplanned or prolonged disruption of our manufacturing operations could materially and adversely affect business
• The shortfall in the availability or quality of raw materials could have an adverse effect on business and the results of operations
• Any failure to raise additional financing could have an adverse effect on business
• Any failure to comply with quality standards may adversely affect business
• Reduction in demand for products could adversely affect our business, results of operations, financial condition, and cash flows

IPO Details:

IPO Date March 12th, 2021 to March 16th, 2021 Issue Type Book Built Issue IPO Issue Size Rs 760 Cr Fresh Issue 13693693 Equity Shares aggregating to Rs 760 Cr Offer for Sale NIL Face Value Rs.10 per equity share IPO Price Rs.553 to Rs.555 equity share Min Order Quantity 27 Listing At BSE, NSE

IPO Objective:

The net proceeds of the Issue, i.e. Gross proceeds of the Issue less the Issue expenses (“Net Proceeds”) are proposed to be utilized in the following manner:

• Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest)
• General corporate purposes

Financial Performance:

FY2018FY2019FY20209M FY2021Revenue349.2521.0539.4563.2Expenses299.4455.2468.0496.4Net income40.149.351.247.1Net margin: (%)11.59.59.58.4

Tentative Time Table:

• Price Band announced 8 March 2021
• IPO Opens on 12 March 2021
• IPO Closes on 16 March 2021
• IPO Allotment on 19 March 2021
• Unblocking ASBA 22 March 2021
• Credit to Demat Accounts 23 March 2021
• IPO Listing on 24 March 2021

Outlook:

Anupam Rasayan commenced operations in 1984 as a partnership firm with conventional products and now it makes specialty chemicals that involve multi-step synthesis and complex chemistries.

The company’s R&D team has successfully carried out the multi-step synthesis and scale-up for several new molecules in the area of life sciences related specialty chemicals and other specialty chemicals, and as a result, expanded its commercialized product portfolio from 25 products in Fiscal 2018 to 34 products in Fiscal 2020 and 36 products in the six months September 30, 2020

The company’s total revenue has increased at a CAGR of 24.29% from Rs 3,49.1 Cr in FY18 to Rs 5,39.3 Cr in FY20 and was Rs 2,37.5 Cr and Rs 3,73.5Cr in the six months ended September 30, 2019, and 2020, respectively.

EBITDA for the year 2018, 2019, 2020 and the six months ended September 30, 2019 and 2020 was Rs 74.5 Cr, Rs 92.1 Cr, Rs 1,34.8Cr, Rs 57.5 Cr, Rs 77.4 Cr, respectively while its EBITDA margin was 21.82%, 18.38%, 25.51%, 24.55% and 21.79%, respectively, for similar periods.

Its profit after tax and share of profit of associates was Rs 41.3 Cr, Rs 49.2Cr, Rs 52.9 Cr, Rs 21.7 Cr and Rs 26.4 Cr for Fiscals 2018, 2019, 2020 and the six months ended September 30, 2019, and 2020, respectively, while it's PAT margin was 11.83%, 9.45%, 9.82%, 9.15% and 7.09%.

The company’s revenue and PAT have increased over the year but the margins have declined. At an upper price band of Rs 555 and EPS of 6.94, the PE comes out to be 79.97 which is higher than the PE of peers which is at 42.81.

Eyeing the growth of specialty chemical business we may expect to see a boost in revenue and profit. However, companies might have to work on the margin front. The company would be paying off debt by raising money from the IPO which will help in gaining the margins going further.

In today’s world, it is extremely important for a woman to achieve financial liberty and independence. For those with an impactful career and becoming an essential part of the workplace, financial empowerment is just as much an essential factor for a secured future; something that is applicable to the homemakers as well.

We believe that each and every woman must give thought to grow financially and secure their positions for the long term. This can be achieved by making the right investment decisions.

In fact, making investments related to market-linked instruments can serve as a constant income source like a simple job for ladies.

In India, there are plenty of investment options available that offer long-term benefits to long-term investors. However, everyone should understand how and where to invest their hard-earned money.

Investment options such as mutual funds and stocks help women in creating and incrementing and compounding liquid cash reserves. Financial instruments such as Fixed Deposit, PPF, and EPF can help in saving your money while saving one’s money.

Also, several investment options can be used to generate constant monthly income, by earning interest on the principal amount. Apart from this, investing in fixed assets can generate financial security over the years.

Here are the top 10 investment vehicles that can secure and empower Indian Women financially:

1. Public Provident Fund:

PPF is still considered one of the most popular investment plans in India. This scheme is available in post offices and banks.

This low investment scheme has a tenure of 15 years with an interest rate of 7.1% Also, the PPF scheme helps one to save a lot of tax. This is because an investment amount in PPF can be claimed for a tax deduction under Section 80c of the Income Tax Act.

The annual investment amount of the PPF scheme ranges from ₹500 to ₹1.5 Lakh.

The biggest benefit of investing in a PPF account is its flexibility. i.e once can withdraw 50% of the amount after completing 5 years in investing in the PPF scheme.

Furthermore, the accumulated interest amount and principal are also exempted from tax at the time of withdrawal.

2. National Pension Scheme:

NPS or National Pension Scheme is a long-term retired pension scheme that is movable across locations and jobs. That means you don’t require to change your fund while locating to another city or state.

The investment product is fully managed by the Pension Fund Regulatory and Development Authority (PFRDA). One of the prime benefits of having NPS is that you can generate returns from equity and debt.

While in PPF, you can only invest solely in interest-earning instruments.

The minimum annual contribution for an NPS tier I to remain active has been reduced to ₹1000 from ₹6000.

NPS is a mix of fixed deposits, corporate bonds, equities, corporate bonds, liquid funds, government funds and more.

3. Direct Equity:

Investing in stocks might not be everyone’s cup of tea but it is considered one of the most attractive options due to huge returns. In fact, a stock’s investment carries higher risk as it can generate higher returns.

Also, you can generate a yearly return of 15% - 18% from the stocks you invest in. For better investment, it is suggested to invest in the right stocks at the right time.

4. Employees’ Provident Fund

Employees’ provident fund is one of the best investment options for working women as with the help of schemes they can easily avail of tax benefits and gather tax-free savings.

According to the Government of India, new women employees are required to contribute only 8% instead of 10% for the first three years. This will certainly increase their take-home pay.

Under Section 80C of the Income Tax Act, the annual contribution up to ₹1.5 Lakh which you make towards the EPF account is free from tax.

5. Equity Linked Savings Scheme

Equity-linked savings schemes allow you to generate a higher rate of return about 15% to 18%. If we talk about the lock-in period, ELSS allows you to store away for just 3 years.

Any earnings that exceed ₹1 lakh are taxable. For better returns, one should keep in mind that ELSS can provide you with long term capital gains and taxed at 10%.

6. Bank Fixed Deposits

Bank Fixed deposits are another good investment for women that is available with both public and private sector banks. The investment amount and tenure are decided by the investor.

However, the interest rate of these deposits varies from bank to bank. As the investments have no maximum limits, fixed deposits can be broken and the amount can be withdrawn before the maturity date.

However, if one breaks the deposit before the completion of its tenure then it will affect the interest rate which is earned on the principal amount.

7. Mutual Funds

Mutual funds are also considered a good investment option, especially for women. Here, the investment amount is managed by the fund experts.

With SIP investment, you can earn subsequent wealth over a period of time, which reduces losses and maximizes ROI.

In mutual funds, investors can select the top funds offered by banks and numerous financial institutions. Also, it gives investors an opportunity to make choices from the products according to their requirements.

Mutual funds work on a strategy called a systematic investment plan or SIP wherein a specific amount is invested every month.

The key benefit of using SIP is to avoid huge losses.

8. Unit Linked Insurance Plan

Unit Linked Insurance Plan is the best way to create wealth with an addition to a life cover. The premiums that one pays for ULIP are eligible for deductions under section 80C.

Also, the return on maturity is exempted under section 10 10 (D). The returns generated from ULIP vary from the types of funds selected whether one opts for hybrid, debt or debt funds. Returns generated through ULIP are tax-free and could be quite impressive if the stock market performs well.

9. Gold

Buying gold is often considered a good investment option for Indian women. Although Gold prices are dynamic in nature, they can be considered as the safest instruments to invest in the long run.

Investment in gold requires no fixed quantity, which means as little as 5-gram gold coin in a year. Investing in gold gives you liquidity as when the price increases in the future, these coins can be exchanged either for cash or jewellery depends on the requirement.

10. Post Office Monthly Savings Scheme

Post office monthly income scheme aka Post office fixed deposit scheme is backed by the Government of India. This scheme holds a tenure of 5 years and the interest rate that is earned on this scheme is 6.9% per annum.

The minimum amount that can be deposited in the scheme is ₹1000 and the maximum amount that can be deposited is ₹1, 50, 000 per year.

Women spend 90 percent of their income on their families, and economically empowered women boost demand, have healthier and better-educated children, and raise human development levels.

On this women’s day, we firmly believe it is our moral obligation to empower women, to empower our Nation.

कीमती धातुओं के भाव मे मध्यवर्ती ट्रेंड की गिरावट जारी है। घरेलु वायदा मे सोने के भाव पिछले सप्ताह 1500 रुपय प्रति दस ग्राम तक टूट कर 44200 रुपय के निचले स्तरों को छू गए है।

चाँदी के भाव पिछले सप्ताह 3000 रुपय प्रति किलो तक टूट कर 65500 रुपय के स्तरों पर पहुंच चुके है। कॉमेक्स वायदा सोना और चाँदी मे पिछले सप्ताह क्रमशः 2.5 प्रतिशत तथा 4 प्रतिशत की गिरावट देखि गई है। डॉलर की तुलना मे रुपया 1.5 प्रतिशत तक सप्ताह मे मजबूत हुआ है।

कीमती धातुओं मे गिरावट का कारण

अमेरिकी बॉन्ड यील्ड मे लगातार चार महीनों से तेज़ी जारी है। पिछले सप्ताह 10 वर्षो की बॉन्ड यील्ड 1.58 प्रतिशत के ऊपरी स्तरों को छू गई है। सोने के विपरीत दिशा मे चलने वाला डॉलर इंडेक्स सप्ताह मे 1.5 प्रतिशत मजबूत हो कर चार महीने की उचाई पर पहुंच गया है। केंद्रीय बैंक का ध्यान अब मुद्रास्फीति पर शिफ्ट होने लगा है। लेकिन, बढ़ती दरे और अर्थव्यवस्था मे सुधार सोने पर दबाव बना रही है।

इसी समय कोविड-19 टीकों के बड़े पैमाने पर लगने से वैश्विक सुधार की उम्मीद बढ़ी है जिससे निवेशकों को पारंपरिक सुरक्षित मांग से अन्य संपत्तियों में निवेश करने के लिए प्रेरित किया है।  कुछ निवेशक स्पष्ट रूप से बिटकॉइन और डिजिटल संपत्ति को सोने मे निवेश के विकल्प के रूप में देख रहे है।

फ़ेडरल रिज़र्व के प्रमुख जेरोम पॉवेल के बयान के बाद कीमती धातुओं मे गिरावट बढ़ गई, पॉवेल ने लंबी अवधि की यील्ड बढ़त पर किसी तरह का जोर नहीं दिया जिससे, इनमे बढ़त कायम रही। उन्होंने कहा कि वह वित्तीय स्थितियों की निगरानी कर रहे हैं और बाजारों की अव्यवस्थित चाल पर विचार कर रहे है।

सोने की घरेलु मांग बढ़ी:

भारतीय गहनों की मांग दो दशक के निचले स्तरों से बढ़ना शुरू हुई है, जिसमें सोने की कीमतें मनोवैज्ञानिक रूप से महत्वपूर्ण स्तर 50,000 रुपये प्रति 10 ग्राम से नीचे आ गई है, जिसने पिछले साल भारत मे खरीदारों को सोने से दूर रखा था। सोने के भाव सस्ते होने से, चीन में सोना अब लंदन की कीमतों से प्रीमियम पर है, जो मांग में सुधार का एक और संकेत है। विकासशील देशो की बढ़ती आय और सोने की खदानों मे घटता उत्पादन लंबी अवधि मे मांग बढ़ा सकता है।

साप्ताहिक तकनीकी विश्लेषण

इस सप्ताह कीमती धातुओं के भाव मे बिकवाली का दबाव रह सकता है। सोने मे 43800 रुपय के निचले स्तरों पर सपोर्ट है तथा 45000 रुपय पर प्रतिरोध है। चाँदी के भाव मे भी मंदी रह सकती है। इसमें 64500 रुपय पर सपोर्ट और 67500 रुपय पर प्रतिरोध है।