Financial Planning And Its Importance For Millennials & GenZ
‘A stitch in time saves nine’ rightly defines financial planning. Basically, financial planning is all about finding out what exactly you need to do with your money to meet your financial goals. It allows you to systematically achieve both of your short as well as long terms goals by ensuring optimum utilization of your current in-hand resources. Financial Planning is prudent for all age...
Interest Rate Hike Impact On Common People & Economy
The Reserve Bank of India raised the repo rate by 40 basis points (bps) to 4.40 percent in an unscheduled meeting and surprised the market. The Monetary Policy Committee (MPC) unanimously decided to hike rates for the first time since August 2018, while keeping the stance accommodative. Let us understand why was this necessary to call for an unscheduled meeting? This was done to...
Morning Notes For 09th May 2022
Markets remained under pressure last week on the back Fed rate hike by 50 bps along with RBI’s surprise policy action. The Nifty violated key support of 16671 on back intensifying selling pressure in the broader market and LIC IPO sucking out liquidity from the system. Below 16671, the ideal reversal zone for Nifty is placed at 16123 where the market may hit rock bottom and...
Pre-Market Analysis for 6th May 2022
Markets cooled off from day’s high to end on a flat note yesterday forming an inside bar pattern on a daily candlestick chart. An inside bar often occurs ahead of the intermediate bottom hence we can expect a major turnaround in the market in the next 2-to 3 sessions. The India VIX also cooled from the resistance of 22% mark to end with losses of 8%. For the market to see a...
Pre-Market Analysis for 05th May 2022
Markets reacted sharply on the downside to the surprise 40 bps hike in repo rate and 50 bps hike in CRR by the RBI in a mid-policy review. This forced Nifty to test the much-awaited support levels of 16671. After yesterday’s decline, the correction phase in the market may have ended and we expect a blowout rally in Nifty post 10th May. The India VIX also tested the 22% resistance mark in...
Pre-Market Analysis for 04th May 2022.
We Expect the market to open on a positive note on account of the global market rally in the last two trading sessions. Market expected to be range-bound today ahead of important events – US Fed policy meeting (11.30 pm) and mega LIC IPO commence from today. SGX Nifty is up marginally against the previous day’s close. We expect the market to pick up steam post 10th of May and...
Everything You Need To Know About LIC IPO
Issue Size – 221,374,920 sharesIssue Open/Close – May 04/May 09, 2022 Price Band (Rs.) 902-949Issue Size- Rs 195.17- 205.57 bnFace Value (Rs.) 10Lot Size (shares) 15Discount Detail: Retail Category Rs.45/ per share. LIC Employees Rs.45/ per share. LIC Policyholders Rs.60/- per share.* Implied market cap based on the upper price band LIC is the largest insurance provider...
Why is DMF more beneficial compared to RMF?
Mutual funds have now become the first choice for investment. It is one of the safest and most convenient forms of investment, as you can invest in form of SIP (Systematic Investment Plan) many investors are in dilemma should we consider regular or direct mutual funds? In this article, we have listed all the reasons that will help you know why Direct Mutual Funds should be the...
I am planning to sell land. How can I save on tax?
Whether it’s a salary income, rental income, interest income, capital gains, or any other type of income, it is compulsory for everyone to pay taxes on all the sources of income. Therefore, it is extremely important to be aware of how much tax one needs to pay and how to save tax. In this blog, you will know about the best ways to save capital gain tax on the sale of a property....