For more details contact on +91 9898399512
Share Market Live: Sensex, Nifty turn negative; HPCL loses 2.5%, Reliance Industries down 1.12%
The Sensex and Nifty turned negative in afternoon trade today with traders booking profit in banking stocks. While the Sensex fell 80 points to 38,152 level, the Nifty lost 43 points to 11,439. IndusInd Bank (3.91%), YES Bank (4.36%) and HCL Tech (1.28%) were the top Sensex gainers. Top Sensex losers were Sun Pharma (1.73%), PowerGrid (1.65%) and HDFC (1.72%). Of 30 Sensex stocks, 22 were trading in the red.
On Tuesday, the Sensex and Nifty extended morning session gains to close 424 points higher at 38,233 and 129 points higher at 11,483, respectively. Bank Nifty hit all-time high of 30,262 in early trade.
Sebi bars 12 websites for giving fraudulent market tips
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.
With an objective to lure investors, these websites were using terms such as ‘zero loss’, ‘jackpot’, ‘rumour based’, ‘sureshot’, etc. in the names of the packages offered in their websites and promise accuracy between 90-99 per cent.
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.
The subscription promises investors to get a daily message, tips during live market hours and one-to-one customer support.
11 signs that show you are falling into a debt trap
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.
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
PNB Housing provides safe investment options to various deposit schemes with attractive rate of interest. With over two decades of specialized experience in housing finance, PNB Housing has a robust network of branches spread across the country which help it customers avail financial services (loans and deposits) seamlessly.
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%
|
* For cumulative option, interest rate is
compounded annually on March 31st
# The yield mentioned is calculated using the first month of each tenure grid.
# The yield mentioned is calculated using the first month of each tenure grid.
*The above Rates of Interest are subject to
change at the sole discretion of PNB Housing.
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
A good first step when developing your financial plan is to assess your financial situation. With a clear understanding of your current financial situation, you can decide where you should start from, and what you need to achieve your financial goals.
Knowing your net worth is important to assessing your financial situation. Do this by making a list outlining all your assets (including your salary, bank savings, investments like shares or unit trusts, insurance products, including those which are bundled with investments or savings, endowment plans, etc); as well as your liabilities such as home loan, car loan and outstanding debts.
2. Create a budget
How much money is coming in and going out each week, fortnight or month? Track the ins (eg salary, pensions, benefits) and outs (including interest payments for mortgage repayment, other personal loans, cash advances, outstanding balance of credit card) of your money to understand your money habits and take control of your spending and savings.
Prioritize your needs and wants and look for any unnecessary expenses you can cut to save money. Also refrain from overspending especially impulse buying by credit card. Before you decide to borrow money, make sure you can afford new debt repayments on top of your current expenses or commitments.
Use our budget planner to record all of your incomings and outgoings which then add up your figures and gives a breakdown of where your spending goes each week, month or year across the following broad categories: household, transport, food and drinks, leisure, shopping, health and beauty, education and profession, family and friends, taxation, financial commitments, etc.
You have the option to save your budget planner results on your computer, print out and do it later, or you can set up a budget by downloading our budgeting spreadsheet into your computer.
3. Set your financial goals
Based on a sound understanding of your financial situation, you may be able to identify your short-, medium- and long-term financial goals. This will help you review your budget; and determine your investment time frame and a strategy for deciding on the appropriate investments. With measurable and clearly defined goals, it will be easier to monitor your progress.
It’s important to know what you are planning for. Make a list of all your needs and goals. Remember, manage day-to-day expenses should come first. Common financial goals can be going for vacation, buying a car, further education, getting married, buying a home, being debt-free or saving for retirement. The key thing is to set and prioritize realistic goals. For example, if you have borrowed money at a high interest rate (eg credit card advances or other personal loans), make paying off that debt your first priority before taking on other goals. You also need to map out the cost of each goal and how much time you have to save or invest before you need to pay for it (eg investment time horizon).
When setting your financial goals, it’s important to be realistic. As you regularly review and refine your financial plan and assess your risk tolerance level, you may find it worthwhile to adjust your goals accordingly.
Use our savings goal calculator to check how you can achieve your goals. It will help you work out how much you need to save each week, month and year in order to reach a savings goal, or if you plan to save a certain amount how long it will take for you to achieve your savings target.
4. Know your risk tolerance
Risk is the potential threat that may impact the expected outcome of your investments. Investments that deliver potentially higher returns are usually accompanied by higher risks. Are you willing to accept potential losses in exchange for greater potential gains?
An important part of your financial planning is to understand your tolerance for risks. When assessing your risk tolerance, you may wish to consider:
- 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.
Risk tolerance can be classified into five categories. Which one best describes you?
| 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. |
Once you understand your risk tolerance, you can start building an investment portfolio that will help you meet your financial goals.
5. Work out and implement a basic financial plan
Work out your basic financial plan with a feasible regular savings and investment target to meet your goals.
A holistic financial plan not only involves investing money and building your wealth; but also your credit and tax obligations, everyday spending, planning for wedding, setting up your home, saving for education fund for your children, saving for your retirement, as well as protection for you and your family through buying suitable insurance policies and conducting estate arrangement. All these facets of your financial plan are interconnected.
Here are some tips to help you put your basic plan together:
- 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.
6. Regularly review your plan
You should exercise strict discipline to follow the financial plan. Always review your existing budget from time to time to make sure it still works and review your financial plan regularly and adjust it when your resources, needs and situations change.
