State Bank of India (SBI) has outperformed benchmark index and banking sector index during the past one year (see relative performance chart). Since it has delivered strong results on operating as well as assets quality front in a challenging environment, analysts continue to increase their bets on this counter. Its net interest income (NII) and net profit reported y-o-y growths of 19% and 80% respectively during the fourth quarter of 2020-21. Read more: EconomicTimes
Author: Miley Selena
Cryptocurrencies are a new investment class, with very little data for fundamental analysis or past performance. Here’s what to keep in mind when entering this high-risk high-reward arena. 1. Don’t take very big betsThe phenomenal returns given by some cryptos in the past one year are mouth watering. Rs 10,000 invested in Dogecoin six months ago is now worth Rs 5.75 lakh. But don’t get carried away by these numbers. “Invest only what you are willing to lose,” says Vineet Nanda, Co-Founder of Globalise. Even if you have a high risk appetite, start trading with small amounts. “Don’t put more…
Betting on unlock theme is premature as this covid variant is deadlier than the previous version, says Satish Ramanathan. The MD & CIO, Equity, JM Financial AMC, discusses with ET Wealth expectations on stock market valuations, forecast on interest rate regime and more tips for investors in this interview. Is there worry in the stock market about the ongoing upmove being very sharp?No big worry, but there are small ones. First, the Indian Read more: EconomicTimes
Its portfolio size cut from 50-60 to 35 now is an outcome of this realignment.SynopsisEarlier known as Tata Equity Opportunities, the fund morphed from a large-cap biased fund to a large & mid-cap fund in 2018. This transition coincided with a broader reshaping of investing philosophy at the fund house and a change of guard. ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 83457564 Where the fund invests 83457570 BASIC FACTS Date…
Investing in sharesWhen one buys or sells shares, they have to carry out the transaction through a broker. There are various costs involved in such transactions and it is important to understand the same to arrive at the real cost of purchasing or selling BrokerageThis is the charge levied by the stock broker for transactions carried out by the investor based on the value of the contract or at a flat rate as agreed between the parties. Securities transaction taxThis is a mandatory charge levied as a percentage. STT rate is 0.1% of the transaction value for delivery based equity…
1. This is ideal for small savers and is available for a maximum limit of Rs 4.5 lakh for single account holders and Rs 9 lakh for joint account holders. 2. The interest payable is monthly at the annual rate of 6.6%. 3. The lock-in period is 5 years after which the principal can be withdrawn. 4. While there is no TDS, the scheme doesn’t provide Sec 80C benefits and the interest is taxable. 5. This scheme can also be provided for minors above age of 10 years. (Content on this page is courtesy Centre for Investment Education and Learning…
In this week’s Realty Hot Spot series, we take a look at the area along Chennai’s Old Mahabalipuram Road (or OMR). With proximity to key job hubs and good social infra, the area is eyeing a boost in residential demand due to the proposed Chennai Metro Phase-2. Old Mahabalipuram Road and East Coast Road provide widespread road connectivity for the area. Properties here are available in the price range of Rs 3,400-8,400 per sqft. A 1-BHK (580 sq ft) can cost an average of Rs 33 lakh and a 4-BHK (2,320 sq ft) can cost Rs 1.35 crore. Here are…
How can you avoid bad or mistimed decisions that can derail your career or wealth? No one can take good decisions all the time. A good decision comes from your human brain, gifted with intellect and imagination, where you think through actions and consequences, predict how others will respond and then decide. That’s rational or cognitive thinking. Bad decisions come from failings of the human brain or cognitive biases. The bad news is that you will repeat the same mistakes. The good news is that you can find a pattern in your errors to recognise and deal with your primary…
We routinely meet people who make financial decisions we will dismiss as stupid. Someone bought DFHL stocks yesterday, hoping to make some quick bucks; someone borrowed to buy a third house at a steep price and took their EMI up; someone withdrew cash with their credit cards. And so on. The theory and concepts in personal finance are not complex. They are not beyond the comprehension of ordinary folks who have to make financial decisions. But many are not able to put that theory to practice. They know that they must stabilise their income; but they quit their jobs in…
More liquidity and positive news flow into market: After sharp upmoves in the past one month, the benchmark indices could only rise marginally during the past week. This was despite several positive news flows like normal monsoon for the third consecutive year, government’s decision to increase minimum support price for several Kharif crops, India continuously reporting less than one lakh new covid cases per day and the decisions by a few state governments to end lockdowns. Continuous equity inflows from domestic investors also kept the market sentiments up. Nifty was able to scale an all time high and ended the…