.png)
Govt. will combine SEBI Act, 1992, Depositories Act, 1996 and SCRA into a solitary Securities Market Code which should upgrade administration and lessen consistence.
Govt expanded FDI rate in the Insurance area from 49% to 74% however with controls and defends. This opens up the insurance area for Mergers and Acquisition.
For gold trade, SEBI will go about as a controller, seems as though somebody will begin staying at work past 40 hours
Govt proposes to strip two PSU banks and one General Insurance Co., Divestment Target for FY22 set at Rs. 1.75 lakh crore. Govt resemble - Paisa he paisa hoga!
Help to senior residents Age 75 or more getting just pension and interest pay are not needed to document ITR. Presently they can live sukkon ki zindagi!
No adjustments in Tax section by any stretch of the imagination - Budget ka principle kaam toh bhul hi Gaye!
Threshold exclusion limit for an assessment review, with advanced exchanges, expanded from 5 cr to 10 cr. CA's resemble ab hamari audit income bhi kha jao!
Monetary Deficit ascends to 9.5% of GDP. Arey! Isko kam krna hota hai.
Petroleum aur Diesel cost hi increment krna tha toh financial plan kyun rakh liya.
Regional economic cooperation is considered to be an approach of moving towards a world economy. in the up to date situation, regional economic cooperation is taken into account because it is the means for enhancing economic development and providing economic security at intervals within a particular region.
Regionalism is being channeled in addressing problems like trade, food and energy security, global climate change, connectivity and also the happening of health epidemics. The regional commissions are instrumental in building strategic partnerships with regional and sub-regional organizations. This joint work has helped bring universal values and norms to the regions.
Of course, the international organization regional commissions are central to the work. Every day, they promote regional cooperation and integration and extend their experience for socioeconomic development. They’re stimulating innovative ideas, together with on finance for development and different means of implementation.
They’re spearheading international organization regional efforts to support their member countries within the implementation of the 2030 Agenda together, by promoting integration, policy coherence, reinforced knowledge and peer learning.
There are certain guidelines for promoting Regional Economic Cooperation
The drawbacks concerned in making regional agreements embody the following:
History shows that Economic recovery and favorable regional dynamics in Central Asia add any momentum to the current era of regional economic cooperation. They tend to seize the chance provided by these fortuitous developments and deliver lasting peace, progress, and prosperity for countries and other people within the region and on the far side.
Regional integration will expand markets and input sources, higher allocating resources across the region, therefore a fast economic process. It can even improve risk-sharing. However, there also are drawback risks, starting from potential contagion to growing financial gain difference and polarization.
Indigo Paints is the fastest growing amongst the top five paint companies in India. We are the fifth-largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020. Indigo has achieved this position in a highly competitive Indian decorative paint industry on the back of our multi-pronged approach.
This includes introducing differentiated products to create a distinct market in the paint industry, building brand equity for our primary consumer brand, creating an extensive distribution network, and installing tinting machines across our dealer network.
Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.
As of September 30, 2020, Indigo Paints owns and operates three manufacturing facilities in Rajasthan, Kerala and Tamil Nadu with an aggregate estimated installed production capacity of 101,903 KLPA for liquid paints and 93,118 MTPA for putties and powder paints.
As of September 30, 2020, Indigo Paints distributed their products to a network of 10,988 Active Dealers. In the six months ended September 30, 2020, their overall capacity utilization for liquid paint production was 20.77% and for powder, paint production was 57.98%.
Unique Products in the Existing categories:
Unique Products disrupting the market to create a New Category (the first company to launch these products)
IPO DateJanuary 20, 2021, to January 22, 2021Issue TypeBook Built Issue IPOIssue SizeEquity Shares of Rs.10 totalling up to Rs.1169.12 CroreFresh IssueEquity Shares of Rs.10 totalling up to Rs.300 CroreOffer for Sale5,840,000 Equity Shares of Rs.10Face ValueRs.10 per equity shareIPO PriceRs.1480 to Rs.1490 per equity shareMin Order Quantity10Listing AtBSE, NSE
Offer For Sale: OFS money will not be received by the company.
Fresh Issue:
Financial Performance (in INR crore)FY2018FY2019FY2020H1 FY2021Revenue403.1537.3626.4260.2Expenses389.2503.2559225Net income13.22747.727.2Net margin (%)3.357.610.5
Tentative Time Table:
14 Jan 2021: Price Band announced
18 Jan 2021: Anchor List
20 Jan 2021: Offer Opens
22 Jan 2021: Offer Closes
27 Jan 2021: Finalization of Basis of Allotment
28 Jan 2021: Unblocking of ASBA
29 Jan 2021: Credit to Demat Accounts
02 Feb 2021: Listing on NSE & BSE
Among the top 5 in the Decorative Paint Industry in India, Indigo Paints is growing over 40% CAGR in terms of sales since inception. Revenue from operations has grown by 16.65% between FY19 to FY20, against the range of (8.8)% to 4.9% compared to peers. The quality of the paints is good, especially the exterior ones. The net margin of the company has been improving. We assign a "Subscribe" rating for listing gain and long-term eyeing the growth of their innovative products and their penetration in 3-tier and 4-tier cities.
Finally, we are in 2021, the new year where we are seeing hopes of new opportunities and fast growth. 2020 was the mysterious year wherein the March, the entire world was in extreme pessimism mode but we witnessed a strong comeback whether it is economy, health system, humanity and the most important our market which surprised everyone by its stellar move.
Nifty & Sensex rallied almost 90% from March lows and they ended 2020 with a decent gain of 15%. The market begins 2021 with new heights where Nifty hits high of 14050 while Sensex hits a high of 47980. At the end of the week, Nifty and Sensex ended with a gain of about 2%.
FIIs are continuing their buying trend however the momentum has slowed down due to the New Year holiday where they bought around 7493cr in the cash market last week while DIIs are still in the selling mood where they sold around 4171 Cr.
If we talk about F&O data then FIIs’ long exposure in index futures stands at 75% which is an overbought territory and it means if something negative comes then we may see sharp correction because the market is not perfectly hedged. PCR stands at 1.37 mark which is a comfortable level.
Nifty is trading above the psychological mark of 14000 where 14200 is an immediate hurdle while 14350 will be the next hurdle. On the downside, 13950 is an immediate support level while 13800-13750 will be a critical demand zone because below 13750, we can expect any serious profit booking.
Banknifty is also trading above its important hurdle of 31000 while it is facing some resistance in the 31500-31650 zone. If it manages to cross the 13650 mark then we can expect a rally towards 32500/33000 levels. On the downside, 31000-30800 is an immediate demand zone while 30000 will be the critical support level.
It was a truncated week but it was full of action where we saw a strong tussle between bulls and bears. Nifty and Sensex started Monday with new highs of 13777/47055 respectively but on the same day we have seen a sharp fall on the back of worries of a new strain of Covid19 from the UK where Nifty has fallen more than 600 points and Sensex has fallen more than 2000 points at one point of time but then as Stock Market observed that this issue is not so serious which made Bulls comeback aggressively where market rallied for three consecutive days.
At the end of the week, Nifty and Sensex ended on a flat note whereas Sensex continues its 8th-week winning streak while Nifty ends with a minor loss of 0.08%.
If we talk about cash market data then Foreign Institutional Investors are continuing their buying momentum where they bought around 2591 cr, though momentum has slowed down because generally FIIs’ flow remains muted around the Christmas and New Year holiday and we are expecting tepid flow in next week as well. DIIs are still in a selling mode where they sold around 3400Cr.
In the F&O market, FIIs’ long exposure in the cash market stands at 68% which is a comfortable level whereas PCR stands at 1.75 mark which is a little overbought level.
As we discussed last week that 13770-13820 is a critical supply area for the Nifty where we have seen a sharp fall from there but Nifty respected its 20-DMA and then witnessed smart pullback but it is still stock trading below the 13770-13820 zone where if it manages to cross 13820 levels then we can expect a strong rally and Nifty can easily cross 14000 marks. On the downside, 13550 is an immediate support level while 13415 is 20-DMA which remains critical support on a closing basis.
If we talk about Banknifty then 30800-31000 is a critical supply zone but if it manages to take out this zone then we can expect a strong rally towards the 31500/32000 level or even it can head towards its all-time high. On the downside, 30000 is an immediate and strong support level while 29000 is critical support on the downside.
F&O expiry: The market can remain volatile due to the December month F&O expiry.
The most important clue for the Next week will be that we are going to say bye-bye to the most uncertain year 2020 and we are going to welcome 2021 full of positive energy. So wishing you all on behalf of the Swastika family: “A very Happy, Healthy, Peaceful and a Prosperous New Year.”
IPOs are on the boom and many companies want to go public. In CY20 we saw many companies got listed and generated wealth for the investors. In 2017, we saw companies going public in bulk, and yet again in 2021 we expect the same trend will continue with many well-known companies trying to go public. In the few months, we may see few companies getting listed such as Kalyan Jewellers, Suryoday Small Finance Bank, ESAF Small Finance Bank, Nazara Technologies, RailTel Corporation, Sigachi Industries, Heranba Industries, Antony Waste Handling Cell, Mrs Bectors Food Specialities, Indigo Paints, Nureca and Stove Kraft. We recently saw Burger Kings subscribe 157 times which suggests that there will be demand for fundamentally sound companies. Along with the above-stated companies, there are few other companies on which we should keep an eye.
Life Insurance Corporation of India which is abbreviated as LIC is an Indian state-owned insurance group and investment corporation owned by the Government of India. LIC was founded on 1st September 1956 under the LIC act 1956. LIC started its operations with 5 crores which have now reached 31 lakh crore. LIC currently has 8 zonal offices, 113 divisional offices, 2,048 branch offices, and 12 lakhs+ agents which are present in 14 countries.
LIC IPO is a dream come true for many investors which might go public in 2021 which will be one of the biggest IPO in the Indian market. It is expected that it would hold the same limelight as Aramco IPO. Deloitte has been fixed as the pre-initial public offer (IPO) transaction advisors and it is expected that LIC will sell up to 10% of the stake in the IPO and IPO size is expected to be in between Rs. 80,000 crore to Rs. 1 lakh crore.
National Commodity & Derivatives Exchange Limited which is abbreviated as NCDEX is an online commodity exchange based in India. NCDEX is the leading agricultural commodity exchange in India which was incorporated on 23rd April 2003. NCDEX has offices in Mumbai, Delhi, Ahmedabad, Indore, Hyderabad, Jaipur, and Kolkata. NCDEX’s network comprised 380 members, 13,316 terminals, nine WSPs, 12 clearing banks, 41 financial institutions, and 246 FPOs representing 461,619 farmers, thereby encouraging a virtuous cycle, as of September 2019.
NCDEX would be the third exchange to get listed in the Indian Stock market after BSE and MCX. NCDEX is expected to launch its IPO in CY 21 and the IPO size is expected to be around Rs. 500 crore. ICICI Securities Limited and SBI Capital Markets Limited has been fixed as the lead manager to handle the IPO.
National Securities Depository Limited abbreviated as NSDL is an Indian central securities depository headquartered in Mumbai which was established in August 1996. NSDL has 276 depository participants in its network through which it provides depository services to the investors, custodians, issuer companies, stockbrokers and stock exchange.
NSDL would be the second depository to get listed on the exchange after CDSL. Currently, NSE and IDBI bank hold 24% and 30% stake in the company. It is expected that IPO size might be of Rs. 1000 and the promoters might sell up to 30% stake in the company.
Barbeque Nation is one of the fastest-growing casual dining restaurant chains in India. Barbeque Nation was originally incorporated as Sanchi Hotels Private Limited on October 13, 2006, at Indore, Madhya Pradesh by one of its promoters. Barbeque Nation has around 138 outlets across India and 7 outlets in the UAE, Oman, and Malaysia.
The IPO might comprise an OFS of 98,22,947 shares and a fresh issue of Rs. 275 crore as per the draft papers filed with the SEBI. It is expected that the IPO size will be approximately Rs. 1000 crore to Rs. 1200 crore and will be managed by IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.
In CY we saw there was a high demand for good IPO such as Happiest Minds, Mazagaon Dock and Burger Kings. It is expected the demand will boost further next year in the fundamentally sound IPO. We suggest the investors keep an eye on quality companies and bet for them in the IPO.
Nifty & Sensex are rejoicing at a new all-time for the sixth consecutive week on the back of global liquidity.
Wow! It was the seventh consecutive week when the Indian equity market ended with gain whereas it was a sixth consecutive week where Nifty and Sensex ended at new heights. Nifty hits high of 13772 whereas Sensex hit a high of 47026 and they both ended with a weekly gain of around 2%. If we talk about last week’s outperformer then Pharma and IT sector lead the rally where the Nifty Pharma index gained 3.21% and the Nifty IT index gained 2.61%.
The most important question is what is propelling such a stellar rally in the market. So the answer in one word is “liquidity”. Yes, it is the liquidity that is causing rally across all asset classes whether it is Equity, Gold, Silver, Crude Oil, Metal, and even Bitcoin which has crossed the $20000 mark for the first time in history.
There was a US fed meeting last week where they kept interest rates unchanged which is near to zero and raised US GDP forecast to 4.2% from 4% but the main outcome of the meeting was the speech of Fed chairman Jerome Powell where he says that interest rates will continue to remain low and Fed will continue its bond-buying program to infuse liquidity in the system which is the reason for bullish trend got further momentum.
If we analyze the data then FIIs who are the main drivers of this rally bought Rs. 11804Cr while DIIs are still in the selling mode who sold Rs. 11023cr last week.
If we talk about the F&O data then FIIs’ long exposure in Index future stands at 68% vs 77% last week while PCR is trading at 1.62 level which is a comfortable level but once it had reached to 1.89 marks last week that’s why we saw a profit booking in the first half of Friday’s trading session.
Nifty is in strong bullish momentum but 13770-13820 is an immediate resistance zone where it can see some supply pressure above this 13873/13985 will be the next resistance levels. On the downside 13650 will be an immediate and key support point because below 13650, there will risk of profit booking towards 20-DMA of 13300 where 13500 would be an intermediate support level.
Banknifty is facing resistance in supply zone of 30800-31000 where 30200-30000 is an immediate and critical demand zone; below this, there will be a risk of any serious profit booking where 29000 will be the next important support level while if it manages to take out 31000 levels then we can expect a rally towards 31500/32000 levels.
Important cues for the Next Week:
Mutual funds are often considered the safest instruments to invest in, you only need to know how to pick the funds that will provide you with greater returns. Beginners often ignore the riskiness or ratings of a fund. They only look for returns which makes them make wrong decisions.
There are many performance indicators that will assist you to make the right decisions regarding mutual fund analysis.
It is ideal to compare the performance of a fund against a benchmark. The benchmark would be appropriate and fair. However, the wrong benchmark will give misleading data. Hence, it is suggested to compare its performance with a large indicator such as Nifty 50.
Investors predict the real worth of a mutual fund during unpredictable market trends and stock market’s volatility. Also, it is suggested to check the history of a stock such as its past performance with a longer fund history of 5 to 10 years. For instance, a fund provides great returns consistently when the market is working well.
However, during the stock market crash, if your stock lost 8% returns while the benchmark lost 10% returns, then your fund’s performance is considered as good.
Management expense ratio is the annual maintenance fee charged by the fund for managing your investment. According to SEBI’s guidelines, the fund houses can charge only up to 2.5% of the fund’s average asset (AUM). Therefore, it is advisable to check the expense ratio of mutual funds before investing in any fund. Expense ratios are charged out of the fund returns. Hence, higher the returns, lower will be your home returns.
Always go for a fund that offers similar returns at a low expense ratio. The same mutual fund is available for the direct plan and regular plan. Direct mutual fund plans generally offer low expense ratios which in turn generate higher returns. Investing in direct plans can save your commission.
Instead of preferring annualized returns, go for risk-adjusted returns of the fund. According to a risk-return tradeoff, a high degree of risk should be compensated by higher returns. Sharpe ratio will help you to ascertain whether the fund is giving high returns or not. Higher the Sharpe ratio, higher will be the returns for the extra risk taken.
Let us assume two equity funds A and B having a standard deviation, i.e 12% and 15% respectively. For instance, the Sharpe ratio of fund A and fund B is 0.48% and 0.60%, then it is advisable to choose fund B because it's better to bet to risk taken.
Average maturity and duration are used to evaluate debt funds as the longer the maturity, higher its sensitivity to interest rate movements and higher are the chances of a fall in the fund of NAV.
Duration plays a crucial role in the debt fund to reach a break-even point; i.e no profit and no loss. The shorter the duration, higher will it return to the original investment.
The portfolio turnover ratio is a measure of how often the securities are bought and sold by a fund manager in a portfolio. The turnover rate is crucial for potential investors as it helps them to consider the expense rate.
Selection of the best mutual funds for investment seems to be quite difficult for beginners. However, for an active investor, it becomes easy to select a mutual fund according to the above parameters. We will assist you hereby handpicking the best performing investment portfolio for you based on your financial goals.
National Commodity and Derivatives Exchange of India (NCDEX) has again re-launched the future contract in GUR (Feed Grade) and will be available for trading from December 15, 2020, with a lot size of 10MT.
Jaggery (GUR) is produced all over the country, wherever sugarcane is produced. Similarly, it is consumed in all parts of the country. Further, the product is seasonal in nature i.e. its production takes place only from October to April in a year but its consumption takes place throughout the year. It is primarily produced from Sugarcane.
Globally India is the leading producer of jaggery contributing to 60% of total production, where Brazil is the major exporter of jaggery, and the USA, China, and Indonesia being the largest importer in the world. If we look into India, then Uttar Pradesh, Maharashtra, Karnataka and Tamil Nadu are the top jaggery producing states contributing to around 80% of the total production in India.
The major stakeholders in the GUR value chain include Farmers, Processors, and Traders who perform various activities from production, harvesting to processing, jaggery making, packaging and marketing.
As there has been continuous growth in the overall production of GUR and because of high volatility in its prices so to hedge the risk, NCDEX has launched the futures contract in GUR (Feed Grade). A considerable amount of the total production of Gur is used as feed. Therefore, the price has a considerable impact on the overall feed cost.
Muzaffarnagar (Uttar Pradesh) is the basis centre for the GUR Futures contract because of the availability of good infrastructure support and various processing units, Further, it is the only delivery centre for the same.
Nifty hits new all-time high of oddest number 13579 with positive closing for the sixth consecutive week.
As we said earlier that we are in a roaring bull market because of Nifty and Sensex both end with a weekly gain for the sixth consecutive week whereas they hit a new all-time high for the fifth consecutive week. Nifty hits a new high of 13579 which is the oddest number in the oddest year which has an even number 2020 while Sensex hits an all-time high of 46309. At the end of the week, they both ended with a gain of around 2%.
If we talk about last week hero then it was the FMCG sector which ends with a gain of more than 6% in the leadership of heavyweights ITC and HUL.
Foreign Institutional Investors remain on the driver’s seat where they bought around 16719cr in the cash market last week while DIIs are still in the mood of selling as they sold around 12434 Cr in the cash market.
If we talk about F&O data then FIIs long exposure in index future stands at 77% which was the same as last week but it is still a little elevated level. PCR ratio stands at 1.55 mark which is a comfortable level.
Technical charts say that Nifty is in strong bullish momentum but last week's high of 13579 is a critical number as per Gann's theory, therefore, we could see some resistance at this point while above the 13579 levels, 13689/13770 will be the next target levels for the Nifty. On the downside, 13400-13300 is an immediate demand zone while 13150-12950 is a critical demand zone because below the 12950 levels, we can expect any trend reversal.
If we talk about Bank nifty then it is also showing decent strength where 30800-31000 is an immediate supply zone; above this, 31500/32000 will be the next resistance levels. On the downside, 30200-29800 will be an immediate demand zone while 29000-28500 will be the critical demand zone.
Open a Demat Account with Swastika and get a 1-year subscription to Eros now at just Rs 299. This offer is valid to all the users. Users are required to apply the coupon code to avail this offer and you are ready to go. The offer is valid on all types of transactions such as COD/Credit card/ Debit Card/Net Banking. This is a sole offer and cannot be clubbed with any other offer. Offer expires on 31st Oct 2020.
So what are you waiting for? Get a 1-year subscription at Rs 299 only and enjoy all the movies available on Eros Now.
Alt Balaji gives you a 10% off on 1-year subscription plan. Open a Demat account with Swastika, apply coupon code on the payment page and enjoy the full benefits of this offer. This is a solo offer that is valid on web, m-web and app. The offer is not combined with any other offer/discount and is valid on credit card/ debit card/net banking. The offer expires on 31st Oct 2020.
Make this Dussehra cool and happening with Swastika. Open a Demat account and enjoy the annual plan of Alt Balaji with 10% off.
Get a 3-month Gaana + subscription for free. This offer is only valid on the Gaana app. To avail this offer, Register on Gaana, click on My Account, then go to settings, click on redeem coupon where you can enter the coupon. Next, enter your card details for activation and you are ready to go. Users will get 90 days of free Gaana.
This offer is valid for fresh users i.e the user should not be existing of any Gaana subscriber. The offer cannot be clubbed with any other user and accepts all modes of payment such as COD/Credit card/Debit Card/Net Banking. The Offer expires on 31 Oct 2020.
Dussehra, let's celebrate victory over hunger. Open a Demat account with Swastika and get 20% off on your order at Licious. The offer is only valid once per user. Users are required to order a minimum of Rs 499 to avail the offer. The offer is applicable for discounted products and schedule offers. Licious accepts all modes of payment such as COD/Net Banking. Credit Card/Debit Card. This offer expires on 31 Oct 2020.
Let this Dussehra mark the trump of your good habits over the bad ones. Take a sip of Udyan Tea and get the maximum benefits with it.
Udyan Tea comes with an offer of flat Rs 500 off on your orders. The minimum order amount is Rs 1499. The offer cannot be clubbed with any other offer and is valid only once per user. To get the maximum benefits of the discount, you must apply coupon code on the checkout page. All modes of payments (COD/Net Banking/Credit Card/Debit Card) are acceptable on this offer.
Get 15% discount plus an additional 10% cashback on the purchase of selected products at Mamaearth. The coupon is valid for all the users and can be valid multiple times. Once your order is done, cashback will be credited to mamawallet within 24 hours after the delivery of the order. The offer cannot be clubbed with any other offers, The offer is available for selected days and expires on 31 Oct 2020.
Open a Demat account with Swastika and enjoy the benefits offered by Mamaearth.
Now get 15% off on your orders at the MomsCo. The minimum order amount is Rs 1500 and the offer is valid for all the users. You can avail this offer throughout India. The offer expires on 31 Oct 2020.
Now get 30% off on your orders at Greenberry organics. To avail the offer, use the coupon provided by Greenberry organics. The minimum order amount is Rs 999 and the offer is valid for all the users. This offer is not valid on discounted offers. The offer expires on 31 Oct 2020.
At Mivi, Now get Rs 200 off on your orders with a minimum order of Rs 1000. The offer cannot be clubbed with any other discount offers. The best thing about this offer is the offer can be availed throughout India and can be easily valid on COD/Net banking/Credit Card/ debit Card. The offer expires on 31 Oct 2020. Hurry up! Open a Demat account with Swastika and get Rs 200 off on Mivi earphones.
Swastika is one of the best stock broking companies that offers numerous financial services such as stock trading, loan syndication, mutual funds, investment banking, and insurance. Dussehra Swastika comes with unlimited offers for you. Open a Demat account with Swastika and enjoy all the benefits provided by the top giants.
We are in a roaring bull market where the Indian market ended with gains for the fifth consecutive week while it was the fourth consecutive week when Nifty/Sensex hits fresh all-time highs. Nifty knocked the high of 13280 whereas Sensex touched the high of 45148 both ended with a gain of more than 2%.
There was gain across the board because all sectors or pockets end on a positive note where the metal index shines with a splendid gain of 8%.
FIIs are at the driver's seat of this bull run as they again bought around 10,205 cr in the cash market in the last week while DIIs are in the mood of selling where they sold around approximately 6090cr.
On the derivative front, FIIs long exposure in index future stands at 77% vs last week of 82%, but it is still a little elevated level while Put-Call ratio (PCR) is placed at 1.57 mark which is a comfortable mark.
Nifty is in strong bullish momentum where 13000-12950 is an immediate and strong demand zone. We can talk of any kind of profit booking only below this zone while 13450/13600 is the next target level in the upside.
If we talk about the Banknifty then it is trading near the supply zone of 30000-30200 where if it manages to trade above this level then we can expect another leg of the rally towards the 31000-31500 zone while on the downside, 29000 is an immediate and critical support level, below this, we can expect any serious profit booking.
Failing to plan is planning to fail. The global pandemic has taught us all a valuable lesson of the ages, that there can be unforeseen circumstances that can’t just be a rainy day, but the rainy season of unfortunate events that can be capable of derailing or breaking your life. At such times, just having an annual financial plan just doesn’t work; you need to have an Ideal Financial Plan.
An Ideal Financial Planner is the immunity booster to your financial health. Not only does it help you manage your short-term and long-term financial situation, but also helps you make sound financial decisions on your goals, and determine the methods to achieve them.
Creating an ideal financial plan includes taking into consideration all your assets (how much you get paid, what's in your savings and checking accounts, how much is in your retirement fund), as well as your liabilities, including loans, credit cards, and other personal debts.
Now that your resolve to make a debt plan is strong, here are some key highlights that you need to include as part of your financial inventory:
It’s important for investors to take stock of where their investments are during the annual financial planning process. This is especially true when the economy undergoes a shift, as is happening now.
Proportionally increase your contribution towards your long-term investments so that the inflation rate doesn’t catch up with you and your money starts making money for you. For instance, if currently, you are contributing 20% of your income towards investments, consider making it 25% to 30% depending on your family's requirements. Let your increments become your investment in due course.
If you have any outstanding credit card debt, make it your first priority to pay that off. Interest rates charged by credit cards are exorbitant and can go up to 40-50% per annum (compared to 15% for a personal loan). It is even worth borrowing some amount from your friend or parents and pay off your credit card debt immediately and then slowly return them the money from your savings
Every year you can invest up to Rs 1.5 lakh in certain tax savings instruments like PPF, Tax Saver FDs, Tax Saver Mutual Funds, etc which are tax-exempt under section 80C. Make sure you are maxing out on these. Consult your financial advisor on which 80C investments to make as per your risk profile.
Trust Our Expert Picks
for Your Investments!
.webp)
.png)
.png)
