To inculcate the saving and investing habit, it makes sense to set aside small amounts regularly. This allows investors to manage their regular expenses while simultaneously creating a good investment corpus over a period of time. To make systematic investments, investors may choose from a varied bouquet of products. Mutual fund SIP The most popular way is setting up a systematic investment plan in a mutual fund. The investor needs to fill up a mutual fund investment form along with KYC form and supporting KYC documents. Investment details such as scheme name, option (dividend/growth), amount of instalment, SIP period, SIP frequency (daily/fortnightly/monthly/quarterly) and SIP date must be indicated in the form. Bank auto debit NACH (National Automated Clearing House) mandate needs to be provided along with a cancelled cheque. Stock SIP Demat account holders can set up stock SIPs with their brokers using their broking platforms. Investments can be made in a pre-defined theme or … [Read more...] about How to set up SIP investments in mutual funds, stocks, recurring deposits
Will large cap mutual funds reclaim their lost glory? Well, several mutual fund managers and advisors believe so. They have been recommending investing in large cap mutual fund schemes in these uncertain times, and they also believe that a likely broad-based rally (when it happens) will change the fortunes of actively-managed large cap schemes in the coming months. Actively-managed large cap schemes had lost out to their passively-managed counterparts in the last two years because the market rally was confined to a few select index stocks. “Large caps have an edge above their small and mid cap peers at the moment. Some very good big businesses are available at a discount. That’s why large caps might be well placed to participate in a rally, says Rupesh Patel, Fund manager, Tata Mutual Fund. Valuations and notions of flight to safety apart, the sustainability of business is also contributing to the interest in large cap stocks in the market. According to many investment … [Read more...] about Is it time for you to play it safe and bet on large cap mutual funds?
This followed the policy of allowing foreign capital to fully own futures and life insurance companies from Jan 1. With this, foreign financial institutions can now tap into the vast Chinese market without ownership limits in sectors like banking, insurance, securities, futures and fund management. … [Read more...] about Opening-up policies to boost competence of financial sector
NEW DELHI: Shares of CESC traded 5.89 per cent up in Tuesday 's trade at 10:27AM (IST). Around 261604 shares changed hands on the counter. The stock opened at Rs 434.95 and touched an intraday high and low of Rs 451.5 and Rs 432.5 , respectively, in the session so far. The stock quoted a 52-week high of Rs 948.35 and a 52-week low of Rs 369.95 . HDFC Mutual Fund has increased stake in the company to 9.09 per cent from 6.66 per cent on March 31. Financials CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 5619.09 Crore) operating in Power sector. For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 2344.00 Crore, down -22.13 % from last quarter Sales of Rs 3010.00 Crore and down -2.94 % from last year same quarter Sales of Rs 2415.00 Crore Company reported net profit after tax of Rs 249.00 Crore in latest quarter. CESC Ltd. key Products/Revenue Segments include Electricity which contributed Rs 7557.73 Crore … [Read more...] about Trending stocks: CESC shares jump 6% in early session
New Delhi: Leading stock exchange BSE has revised cut-off timings for subscription and redemption of liquid, overnight and other schemes on its mutual fund distribution platform - StAR MF. This revised timings shall be applicable with effect from April 7, 2020, BSE said in a circular. In case of subscription of liquid and overnight schemes, BSE said new timing for L0 transactions on the StAR MF platform will be 12 noon and 1 pm for normal transactions (for both subscription and redemption). For subscription of other schemes, BSE said it has revised the timing for L1 transactions on the platform to 12.30 pm. Earlier, L1 transactions were accepted till 2:30 pm. With respect to redemption and subscription for other mutual fund schemes, timing has been revised to 1 pm for normal transactions. Earlier, the timing was 3 pm. The purchase transactions are classified under three different categories - normal, L0 and L1. L0 transactions are placed to purchase units of liquid MF schemes by … [Read more...] about BSE revises cut-off timings for MF subscription, redemption on StAR MF platform