Bulls & Bear Hfund of India

After a four-day consolidation, the market gained strength in the later part of the week, hitting a record high of 9,377.10 (on bad loans reforms, ICICI Bank's earnings, new steel policy and status quo by US Federal Reserve) but those gains were also wiped out in the last session due to profit-booking and a sharp fall in commodities prices. Overall it was a rangebound week for the Nifty that lost 0.2 percent to end below 9,300 level. The coming week is expected to see some more consolidation with minor correction as investors await French elections on May 7, more corporate earnings and macro data next week. Experts feel the market is currently highly valued and seems to have priced in a likely recovery in corporate earnings and economy. Valuations of Nifty stocks are at 22.2 times trailing twelve months P/E, the market does not appear cheap, Jimeet Modi, CEO of SAMCO Securities says. It could head for a large correction if 9,000 gets broken on the downside as it is a very...

The Modi government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters. “The Central Government may by order authorise the Reserve Bank to issue directions to any banking company to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016,” the gazette notification said. On Wednesday, the Union Cabinet approved an ordinance allowing RBI to deal with bad loans on a case-to-case basis as opposed to following a set of broad guidelines and rules for all non-performing assets (NPAs). The amended section 35 An of the Banking Regulation Act will allow RBI, “from time to time,” to issue directions to the banking companies for resolution of stressed assets. “The RBI may specify one or more authorities or committees to advise banking companies on a resolution of stressed assets,” t...

Perhaps one of the best-selling personal finance book is the  Rich Dad, Poor Dad , written by American author, investor and motivational speaker Robert Kiyosaki. The book compares the two fathers: the narrator/author’s biological father – the poor dad; and the father of his friend Mike – the rich dad. This book doesn’t talk about those who were born rich or poor; it is all about the way they think when it comes to money and how they manage it. It tells us that the difference between the rich and the poor is not the amount of wealth they hold; it’s their mindset, habit, and philosophy. Here are the six major lessons discussed throughout the book: Lesson #1 The Rich Don’t Work for Money The rich dad says “Money works for me” – not the other way around. He wants you to work to let you learn how money works and how to have it work for you. But if you want to master how, first, you have to alleviate your fear. According to the rich dad, fear is the primary emotion when the ...

The broader market raced ahead of Sensex and Nifty to scale fresh peak on Tuesday and over 140 hit fresh 52-weeks high on the BSE suggesting strength in the market. The S&P BSE Midcap index rose to a fresh record high of 13,904.73 while the S&P BSE Smallcap index scaled a fresh peak of 15,489.47. As much as 5 stocks more than doubled investors’ wealth in the last one year which includes names like  Indian Bank ,  Sun TV ,  Bajaj Finserv ,  Piramal Enterprises , and  Bank of India . Smallcap stocks were not behind as nearly 100 stocks more than doubled investors’ wealth in the last one year.  Indiabulls Ventures  rose as much as 540 percent, followed by  Tata Metaliks  which gained 44 percent, and  Jindal Stainless  rose 329 percent in the same period. The liquidity driven rally has already taken many mid and smallcap stocks to fresh record highs but analysts’ advise investors to stay with the winners or book profit...

While selecting an investment instrument one has to evaluate it on various factors such as risk appetite, returns, liquidity, time horizon, tax benefits etc. Since we are at the beginning of the year and need to plan investment for tax purpose. There are different products available for saving tax ranging from National Saving Certificates (NSC), Public Provident Fund (PPF), National Pension Scheme (NPS) to ULIP of insurance Companies. All these products are suitable for different purposes and for different people. One of the product in this category is Equity Linked Saving Scheme popularly known as ELSS which has gained popularity in recent times due to various factors. In this article we shall review the various features of this products and discuss as to for whom this is suitable. What is ELSS ELSS is nothing but an equity oriented scheme of a mutual fund for which you are eligible to claim the tax benefits. The fund house invests the money in the equity shares of various compa...

This bull market has legs, but time is ripe for some correction  The domestic equity market opened with a gap up and the Nifty50 broke the strong resistance at 9,200 on the back of constant FII buying, which has even continued in the new financial year. The big event of the week was RBI money policy review on April 6, in which the monetary policy committee unanimously agreed to keep the repo rate unchanged, but hiked the reverse repo rate by 25 basis points from 5.75 per cen t to 6 per cent. This will give a big respite to banks, especially PSU banks, which are sitting on huge liquidity, which will now make them earn more by 25 basis points extra. This will also compensate for the losses incurred due to rising bond yields. Newly appointed Uttar Pradesh Chief Minister fulfilled the election promise by waiving off of over Rs 36,000 crore farm loans. This flies contrary to prudent fiscal discipline as highlighted strongly by the RBI Governor. Considering the size of India...

In the biggest tax reform since Independence, the national sales tax or GST Bill was today approved by the Rajya Sabha to replace a raft of different state and local taxes with a single unified value added tax system to turn the country into world's biggest single market. The 66-year-old Constitution, which gives power to Centre to levy taxes like excise, and empowers states to collect retail sales taxes, was amended though the 122nd Constitution Amendment Bill. Prime Minister Narendra Modi said the GST will "also be the best example of cooperative federalism" and "Together we will take India to new heights of progress". The legislation was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties. Replying to the debate, Finance Minister Arun Jaitley said the GST rate will be kept "as low as possible" but did not commit t...