Pre Market Analysis – 23rd June 2021
Market cooled off from day’s high to close almost on a flat note after it was unable to sustain above the crucial resistance of 15900. Bank Nifty continues to look weaker with supports resting at 34600 and resistance having shifted lower at 35100. So far, the index is holding below 35100 it could well go and retest its previous week’s lows near 34000. Momentum could accelerate on the downside...
How to Save Income Tax? Tax Saving Guide.
Coming close to the end of the Financial year all of you might be thinking about How to save our Income Tax?Deductions allowed under the income tax act help you reduce your taxable income. You can avail these deductions only if you have made tax-saving investments or incurred eligible expenses. Equity Linked Savings Scheme ELSS is also known as Equity Linked Saving Scheme. ELSS is a...
Daily Market Analysis – 8th June 2021 (Mutual Funds)
Franklin Templeton AMC slapped with a fine of 5 crore; Banned from launching new debt mutual funds The SEBI has banned Franklin Templeton AMC from launching debt schemes for the next two years. Rs 5 crore penalty has been levied for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. The irregularities extend to failures to exercise adequate...
All you need to know about NPS
As the name suggests National Pension System (NPS) is dedicated solely to retirement planning. It is a pension cum investment scheme launched by the Government of India for the age from 18 to 65 years. It has the dual benefit of investing for retirement and also the best tax saving instrument as it qualifies for EEE status. NPS is also a good option for wealth creation as your money...
How to check your IPO allotment status?
Initial Public Offering (IPO) is a process through which private companies offer fresh shares to public investors for raising funds. When shares are issued for the first time by any private company then it is known as Initial Public Offering (IPO) and when additional shares are issued by a public company post-Initial Public Offering it is called a follow-on public offering. Initial Public...
Daily Market Analysis – 28th May 2021(RBI)
RBI Annual Report The RBI’s balance sheet grew 6.99% YOY to Rs. 57.07 trillion, while the rise in assets was due to an increase in foreign and domestic investment by 11.48 and 13.75%. The bank’s income declined 0.96% YOY as it transferred a surplus of Rs. 99122 crores to government, it fell to Rs. 1.33 trillion. Total expenditure decreased by 63.1%. The stock market bubble has been a worry...
What Is Reverse Mortgage? How You Can Benefit From It
When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-free. Must Read: How to check if your...
How to do Retirement Planning?
Retirement Planning – We may have reached our goals of owning a car or enjoying foreign vacations. But when we have retired and don’t have any stable income, how are we supposed to maintain this lifestyle? Retirement Planning helps us to invest well in advance considering the amount we wish to receive in future. Inflation is the biggest wealth killer if we don’t plan our...
How to check if your Financial Planning is on track
Everyone should ensure resourceful financial planning which will consist of goals, irrespective of their age, income profile, risk, and should have an asset provision. The financial plan should explain what assets to invest in and get significant exposure to those assets. Every investor should take a look at a financial plan on an annual basis which will help them to assess the validity and...