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Share Market Live: Sensex, Nifty turn negative; HPCL loses 2.5%, Reliance Industries down 1.12%
Sebi bars 12 websites for giving fraudulent market tips
Markets regulator Securities and Exchange board of India (Sebi) has barred a dozen of websites after receiving complaints from investors that certain investment advisory portals cheated them.
The order contains a list of websites including trade4target.com, niftysureshot.com, mcxbhavishya.com, callput.in, newsbasedtips.com, futuresandoption.com, optiontips.in, commoditytips.in, sharetipslive.com, thepremiumstocks.com, callputoption.in and tradingtipscomplaints.com.
According to Sebi, these advisory firms were engaged in the business of fraudulent investment advisory activity.
In a release, the markets regulator said, “The modus operandi adopted by these noticees shows that they were actually practicing prima facie fraudulent investment advisory activity. From the findings of the examination, it prima facie appears that the noticees were running a premeditated device, plan or scheme where under, the gullible investors would be lured by the unrealistic profit commitments on the websites and then money would be extracted from them in the name of subscription fee and later, the persons operating the websites would vanish.”
Such fraudulent plan, scheme, device were used by the noticees several times through different websites, the release said.
Some of these websites also contained a link over a Sebi logo with the word ‘approved’ below it, which contained the scanned copy of Sebi registration.
11 signs that show you are falling into a debt trap
For a large section of people, particularly the salaried class, debt is unavoidable. However, borrowing irresponsibly can land you in trouble. According to an ET Wealth survey, 15% of the respondents have an EMI outgo of more than 50% of their income. The survey was conducted in March and had 2,042 respondents from across the country, age groups and income levels.
Surprisngly, 32% of the respondents with EMIs of more than 50% are senior citizens—people who have fixed incomes. The survey also showed that one out of five respondents have taken loans to repay existing loans in the the past one year. Taking a loan to repay another is a classic indicator of falling into a debt trap.
In this week’s cover story, we explore warning signs that could show whether you are headed towards a debt trap. “Debt is not a bad thing. But you need to plan properly, so that you don’t get into a debt trap,” says Manav Jeet, MD and CEO, Rubique, an online marketplace for financial products.
Sudden events like a job loss, a medical emergency, etc. can force one to borrow beyond one’s repayment capacity, says says Vinod N. Kulkarni, a financial counsellor. “Salaries getting delayed has also become a major factor leading people into debt traps as they try to survive on credit cards,” adds Arun Ramamurthy, Founder, Credit Sudhaar. These sudden shocks can be avoided by maintaining a contingency reserve of around six months’ income and having insurance.
But it is often the slow, gradual slide into a debt trap that can prove more dangerous as it goes unnoticed till the person is neck deep in it. We point out the red flags, so you can take corrective measures, if need be.
TAKE YOUR FIRST STEP TOWARDS BUILDING THE LIFE YOU ALWAYS DREAMED OF
PNB FIXED DEPOSITS
PNB FIXED DEPOSITS
ADVANTAGES OF FIXED DEPOSIT
Advantages of PNB Housing fixed deposits
CRISIL FAAA / Stable (Highest Safety) & “CARE AAA” by CARE- This rating indicates that the degree of safety regarding timely payment of interest and principal is very strong.
No tax to be deducted at source on interest income upto Rs.5000 per financial year
Loan facility up to 75% of deposit available from all branches of PNB Housing
Premature cancellation allowed after 3 months on the discretion of the company
Nomination facility available as per NHB guidelines
Regular Deposit upto
₹5 crore
|
||||||
Tenure (Months)
|
Cumulative Option* ROI (p.a.)
|
Non-Cumulative Option ROI (p.a.)
|
||||
ROI (p.a.)
|
Tentative yield to maturity
|
Monthly
|
Quarterly
|
Half Yearly
|
Annual
|
|
12 – 23
|
8.30%
|
8.30%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
24 – 35
|
8.30%
|
8.64%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
36 – 47
|
8.40%
|
9.13%
|
8.10%
|
8.15%
|
8.20%
|
8.40%
|
48 – 59
|
8.40%
|
9.52%
|
8.10%
|
8.15%
|
8.20%
|
8.40%
|
60 -71
|
8.45%
|
10.00%
|
8.15%
|
8.20%
|
8.25%
|
8.45%
|
72 – 84
|
8.30%
|
10.23%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
120
|
8.25%
|
12.09%
|
7.95%
|
8.00%
|
8.05%
|
8.25%
|
Special Deposit upto
₹5 crore
|
||||||
Tenure (Months)
|
Cumulative Option* ROI (p.a.)
|
Non-Cumulative Option ROI (p.a.)
|
||||
ROI (p.a.)
|
Tentative yield to maturity
|
Monthly
|
Quarterly
|
Half Yearly
|
Annual
|
|
15
|
8.30%
|
8.42%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
22
|
8.35%
|
8.62%
|
8.05%
|
8.10%
|
8.15%
|
8.35%
|
30
|
8.30%
|
8.84%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
44
|
8.45%
|
9.45%
|
8.15%
|
8.20%
|
8.25%
|
8.45%
|
# The yield mentioned is calculated using the first month of each tenure grid.
For Investment call at - 9974372131 & 9898399512
Dividend Declared
Mutual Funds Update
*Dividend Update:*
Announcing Dividend *58.50%* under the periodic option in *Tata Hybrid Equity Fund*
Dividend: Rs. 5.85 per unit,
Record Date: 15th March 2019
Market Update
March 11 - 17, 2019
✅ An independent chartered accountant firm has confirmed that Dewan Housing Finance Corporation has not
created shell companies to divert funds. The Cobrapost allegations are not genuine. A big positive for the company.
Buy.
✅ Reliance Capital plans to reduce debt by Rs.12000 crore, which is 50-60% of its total debt by selling 43% stake in Reliance Nippon Life Asset Management and 49% stake in Reliance General Insurance Company. Buy.
✅ Maruti Suzuki (India) expects good sales from its new variant - WagonR S-CNG launched recently. Its future looks bright. Buy.
✅ Lakshmi Vilas Bank is scouting for partners to improve its liquidity issue. There is news of its merger with
IndiaBulls Housing Finance, which may provide a good buying opportunity for good returns.
✅ BGR Energy Systems is a good turnaround story and is likely to report better earnings this year. Buy.
✅ Grasim Industries has signed a definitive agreement to acquire 100% stake in Soktas India for Rs.165 crore. A big positive for the company. Buy.
✅ With rising volumes, the share price of Piramal Enterprises is also rising. Some positive news may be in the offing.
Accumulate.
✅ Allcargo Logistics reported an improved performance for Q3 on account of higher volumes at its container freight stations. The management expects this trend to continue. The stock has the potential to rise by about 50% within a year.
✅ Mahindra & Mahindra intends to launch its E-vehicles soon to capitalise on the incentives offered for this industry.
Huge gains around the corner. Buy.
✅ NTPC intends to buy the stressed power projects facing insolvency proceedings at the National Company Law Tribunal. This cash-rich company will benefit due to its bargaining power. Buy.
✅ Bank of Baroda has slashed its lending rates and is on a comeback trail. Accumulate.
✅ Canada’s institutional fund manager CDPQ will invest Rs.1800 crore in Edelweiss Financial Services soon. A
positive for the company. Buy.
✅ Tata Motors plans to launch its new variants ‘Altroz’ and ‘H@X’ this year, which is likely to boost its top-line
significantly. Accumulate the stock at the current beaten down level.
✅ Coal India is likely to declare a huge dividend in the next few days. A smart buy.
✅ The metal sector is set to boom. Hindalco Industries and Nalco look attractive.
✅ Bosch has received big orders to supply components that meet the new emission norms. Its performance is likely
to be excellent. Accumulate on every decline.
✅ Canfin Homes is expected to report superb numbers this year. Buy for the long term.
✅ The Aavas Financiers counter witnessed heavy volumes after CARE upgraded the company’s credit rating. Accumulate.
✅ Biocon is capable of addressing the six USFDA observations it received and has many patents in the pipeline. Do not sell the stock in a panic. Buy on dips.
✅ ITC expects its FMCG business to reach a wider market due to better logistics hubs, which will improve its overall performance this year. Buy for the long term.
✅ Power Finance Corporation has clarified that the REC deal will not jeopardise its finances given Rs.6000 crore
sanction from a consortium of banks. It is likely to declare a big interim dividend within a few days. Buy.
✅ With a likely EPS of Rs.25/26, J Kumar Infra shares are like to cross the Rs.250/260 mark. Heavy fund buying has been reported in the counter.
✅ Shreyans Industries is the cheapest share in the paper industry. With a likely EPS of Rs.32 in FY19, the share is
expected to touch Rs.240 mark at a conservative P/E of 7.5.
✅ Talwalkar Lifestyles (Talwlakar Gym) is expected to post an EPS of Rs.27 in FY19 if its half-yearly results are any indication. The share is likely appreciate by over 50%.
✅ Jindal Poly Films is the cheapest packaging share on the bourses with a forward P/E of just 6 on expected EPS of Rs.45 in FY19. A reasonable P/E of 10 will take its share price to Rs.450.
✅ BCL Industries may post an EPS of Rs.24 in FY19. A reasonable P/E of 6 will take its share price to Rs.144.
✅ Meghmani Organics, a dyes, pigments, pesticides and soda ash major is expected to notch an EPS of Rs.11 in FY19 and Rs.13 in FY20. The reasonable P/E of 10 will take its share price to Rs.110 in the medium term and Rs.130 thereafter.
✅ Pondy Oxides is expected to notch an EPS of Rs.75 in FY19 on tiny equity of Rs.5.6 crore. Based on Its 9MFY19 EPS of Rs.57, the share is expected to double from the current level.
✅ An Ahmedabad-based analyst recommends to buy Jiya Eco, Royal Orchid Hotel, Super Crop Safe and Tarmat.
From last week’s recommendation, Premier Explosive shot up to Rs.273.95 from Rs.235.50 during the week.
Six Key Steps To Draw-up A Basic Financial Planning
Financial planning is an ongoing process. It’s important you take the time to design a financial plan that works for your current situation, as well as to review it from time to time to ensure it meets your needs and financial goals. It involves six key steps to draw up a basic financial plan:
1. Assess your financial situation
2. Create a budget
3. Set your financial goals
4. Know your risk tolerance
- Your financial goals and time frames.
Allocating a time frame to each investment goal will enable you to think about how much you can afford to invest and how long it will realistically take you to reach your goal. It’s important to know your investment time frame and ask yourself if you can financially and psychologically cope with decline in the value of your investments. - Your personal profile.
This includes your stage of life, profession, source(s) of income, financial commitments, etc. If you’re young and single, for example, your risk tolerance will differ from a person with a family or approaching retirement. - How do you feel about putting your money at risk?
How would you feel if your investment balance dropped 20% overnight? If this drop would cause you to worry a lot and pull out of the investment, then a high-risk investment is not suitable for you because pulling out at the worst possible time may compound your losses. If you see such a drop as an opportunity for bargain buys, then you are probably more comfortable with market fluctuations and a higher level of investment risks.
Conservative | Not willing to take up risk and see loss in investment and may rather forgo potential gains. |
---|---|
Moderately cautious | May be willing to accept a limited amount of risks to improve their long-term investment returns, but still try to avoid large short-term fluctuations. |
Balanced | Weighting the risks and returns, balanced investors recognise that taking on a measured amount of risks will improve the probability of achieving their long-term financial goals. |
Moderately aggressive | By taking on greater investment risks, moderately aggressive investors expect to see their investment portfolio outperform the market; and do not mind accepting a bit more risk or loss than the market bears. |
Aggressive | Ready to take on higher levels of risks in order to substantially outperform the markets. |
5. Work out and implement a basic financial plan
- Prioritize your needs and goals.
When it comes to financial planning, emergency savings and some health insurance and life insurance protection should come first rather than saving and investing for your retirement.
Many insurance products bundle protection coverage and investments or savings together. It’s important you are clear about your insurance needs. If you are the primary bread winner in your family, you should perhaps consider first the insurance product for the protection of your family instead of potential investment returns. - Identify action steps to reach your goals.
To save for emergencies for three to six months of living expenses, you might need to put aside more in savings or investments to achieve this. By starting earlier, your savings will benefit from the power of compounding effect to allow more time to grow your savings. If you are investing, a longer time frame allows you more time to ride out any short-term fluctuations. - Know the risks, understand your responsibilities and think before you invest.
Always remember to invest in products you fully understand and know. It’s your responsibility to exercise vigilance and due diligence to protect your interests. Don't invest in an area which carries higher risk than you are prepared to take. When investing, you should look at your investment objectives, risk tolerance and constraints, and plan accordingly. - Maintain a diversified portfolio of investments
When choosing a particular product for investing, find out whether it will complement the products you already have or expose you to more risks. Don't put all your eggs in one basket; diversification is a good way to mitigate risks. Monitor your investment portfolio regularly. You may need to rebalance your investments from time to time to ensure diversification of your investments.