Which All Stocks Provides Highest Dividends | 2017-2018

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Pradhan Mantri Jeevan Jyoti Bima Yojana

Features of Pradhan Mantri Jeevan Jyoti Bima Yojna

Who can take this plan, can take it and its benefits. Also, all the details of this scheme in detail. It is an India government-backed life insurance plan that LIC and many other insurance companies run. There are many types of life insurance. This plan is a term life plan.

Prime Minister Jeevan Jyoti Insurance Scheme PMJJBY is a one-year life insurance plan that provides coverage for death and it is renewable year after year. Cover under PMJJBY is for death only, hence the benefit will be given to nominee only ie nominee. PMJJBY is a pure term insurance policy in which there is no investment component and only premium for death cover is taken. This means that whatever premium you deposit in this scheme goes completely into the cover of insurance and no part of it is invested. That is why the insurance holder does not get any benefit at the end of the policy term. On the death of the insured during the policy term, the nominee receives the sum insured.

Who can take PMJJBY

PMJJBY people from 18 to 50 years old can get life and life insurance is available in the scheme till the age of 55 years. This scheme is available to those with savings bank accounts who agree to debit the account from the premium to join the account to join automatically. The cover for this scheme is for one year and it has to be renewed every year.

How can avail Pradhan Mantri Jeevan Jyoti Bhima Yojana

Life cover of Rs 2 lakh is available per member per year at 330 rupees per year and it has to be renewed every year. All those Savings Bank account holders can join this scheme who meet the eligibility criteria of this scheme and pay premium of 330 rupees per year per person.

PMJJBY is administered through LIC and other Indian private life insurance companies. Anyone can contact their bank because the process of enrollment is associated with banks and insurance companies. The nomination process has been kept simple and easy. Generally, only one form has to be filled for this. You can also take it online.

Risk cover under PMJJBY is applicable only after 45 days of enrollment. In other words, the risk cover will start only after insurance companies have passed 45 days from the date of enrollment. However, deaths due to accidents will be exempted from this rule.

In Pradhan Mantri Jyoti Jyoti Bima Yojana, we have tried to explain this scheme in a simple language in detail.

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Top 10 Best Stock Brokers India

Vote For Your Favourite Broker

Know India's best stock broker according to public votes. Stockbroking is being very popular n India because of the country's GDP growth. Its not easy to pick the best stock broker by considering the facts safety, security, platforms, support and other features. Choose your favourite two broker houses and see the result.

1. ICICI Direct

Being a leader with a large customer base in India, even though their brokerage is high, trust is more important in investing. That’s why ICICI still a leader in broker services.

2. HDFC Securities

By considering the investments and revenue, HDFC is among top broker in India

3. Zerodha

It’s growing fastly because of its simplicity and discount brokerages. Open Account Now

4. Sharekhan

Sharekhan struggled after the 2009 recession, then now again active with their business

5. Axis Securities

Axis is getting best reviews recently and their platform is the best in the industry to trade

6. Kotak Securities

With 3 in 1 facilities and improvements in banking made it to a competitor for the above brokers

7. Angel Broking

Active in their business, having lots of franchisees in India

8. Motilal Oswal

Best in research and advisory provides best recommendations for investments

9. India Infoline

IIFL is popular from old days, it is huge no of customers

10. Karvy Stock Broker

Headquartered in Hyderabad, India. Karvy Group is one of the leading financial services conglomerates.

This list is temporary, please vote for your favourite stockbroker and know top 10 best broking firms

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Suzuki launches new Jimny, know when will knock in India

Japanese car maker Suzuki has launched its new generation model 2019 Suzuki Jimny 4×4 in the market. Recently the company released its photo.

New Delhi (Auto Desk) Japanese car maker Suzuki has launched its new generation model 2019 Suzuki Jimny 4×4 in the market. Recently the company released its photo. Suzuki’s car is for the European market. There is a 1462 cc 4-cylinder petrol engine. Which generates 130 bits of nm at 100 bhp and 4000 rpm at 6000 rpm. It has a 5-speed manual gearbox and 4-speed automatic torque converter. If this car launches in India then it can be fought from Mahindra’s Bolero. Explain that Bolero is a very successful car in India.

According to Suzuki, most of the designs in the new Jimny have been taken from the old Jane models. Talk about its features, there are round headlamps, five slot grills and three doors. Suzuki unloads its SUV in eight colours, but the company has launched its new landline in two exclusive colours. In which one Kinetic Yellow and the other is Green.

Its cabin is equipped with new facilities. Its interior is in black colour. Talking about the music system, the touch screen facility has been provided with an automatic climate control system and a multifunctional steering wheel.

Due to safety, there is DUAL Sensor Break Support (DSBS), which gives audio, visual warning when at risk. Other security features include 6 airbags, electronic stability program (ESP) and tire pressurized monitoring system.

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New Income Tax Slabs 2018 | India

Financial Year 2017-18, Assessment Year 2018-19, The finance minister has reduced the income tax slab from 10% to 5% in the slab of 2.5 lakhs and 5 lakhs. With this, there is a proposal to reduce the existing rebates (currently up to Rs 5 lakhs) under section 87A from Rs 3.5 lakh to Rs 2.5 lakh, from Rs 5000 to Rs 2500.

Age<60

Income less than Rs. 2,50,000 = Zero, The total income is more than Rs 2,0,000 but less than Rs 5,00,000 = 5% on income which is more than 2,50,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000

Age>60

Tax Rates Income less than Rs. 3,00,000 = Zero, Total income is more than Rs. 3,00,000 but less than Rs. 5,00,000  = 5% on income which is more than 3,00,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

60<Age<80

Income less than Rs. 3,00,000 = Zero, Total income is more than Rs. 3,00,000 but less than Rs. 5,00,000 = 5% on income which is more than 3,00,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

Age>80

Income less than Rs. 5,00,000 = Zero, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

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Different Types of Mutual Funds in India

Today we are going to discuss the different type of Mutual Funds,

MFs are categorized on the basis of which type segment we invest, like Equity mutual fund, Debt mutual fund and Hybrid mutual fund.

Equity Mutual Funds

As per name Equity Mutual Funds are those funds which are invested in the stock market, It is also divided into

Large Cap Fund

Mid Cap Fund

Small Cap Fun

Sector Fund

Diversified Equity Fund

Dividend Yield Fund

ELSS

Thematic Fund

Two Different Mutual Fund Structures

More than above Mutual Fund schemes have different style investment options, which are

Open Ended Fund:- A user can invest or withdraw units anytime that’s the advantage.

Interval Fund:-

Close Ended Fund:- After first investment time, it has a maturity period, in between this period no one can invest or withdraw the funds.

There are International Fund, Real Estate Funds, Gold Funds, Exchange Traded Fund categories as well for MFs.

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What are the best ways to find best mutual funds for beginners

Usually, people find best mutual funds schemes by looking into star ratings through websites like moneycontrol or valueresearchonline. Or sometimes we look into rankings of the best fund schemes which has given best returns in the previous 3 to 4 years.

But such cases for highly rated fund scheme managers need to be more responsible for such huge investments from customers and this leads him to compromise on the stocks he selects in the future.

So it is not predictable that the schemes which have the good track record till date will perform better in the future.

To pick the best mutual fund schemes go through these points mentioned below,

  1. The fund which has the best track record on the basis of consistency, with which safe track record rather than risky.
  2. Check for the fund manager previous track records also check if the fund manager changed for a particular mutual fund scheme. If a fund manager handles 5 funds and he is managing 3 or 4 funds better out of 5, then we can consider him he is good at managing fund schemes.
  3. Best return without risk track records are important.
  4. Large caps with a big percentage of return is more important than mid-cap/small-cap fund with a small percentage of returns.

 

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Vijay Kedia

Story of Successfull Investor Vijay Kedia and his Strategies

Vijay Kedia born into a stockbroking business family. From childhood itself, he was aware of the stock market.

He was interested to start a business but there the as no sufficient capital. Later he joined the family business of stock broking but he was not that much interested in this broking business.

Vijay Kedia

At the age of 19 he started share trading, then he thought that it is easy to make the profit, but after some successful trades, he faced a lot of losses. With some experiences, he learned that stock market investors need patience, on these timings he lost a lot of money. After huge losses, he left the share trading.

A couple of bad trades made him into losses. Once with Hindustan Motors, he faced a loss of 70000/-. At that time he didn’t have much capital, but at that time his mother told him to sell her jewellery. But before going into that situation his losses went into profit. Because of all these incidents, he decided to stop trading and started a logistics supply business. But this was also a failure, then he started trading again.

After he realised that his wealth creation is not much successful even after 10 years of trading he decided to concentrate only on investing. On that timings, there were no sources to learn on how to invest and also major investors don’t want to share their knowledge. Hence Vijay Kedia started to read magazines and newspapers. Also, he is interested in knowing the company annual reports and interviews with company CEO and managing directors.

In 1989 Kedia invested 35000 INR in Punjab Tractors and after 3-4 years later the stock becomes 4 times bigger than the buying price. At that time MR Kedia sold all stocks and bought ACC LTD at price of 300 and it became 3000 within less duration of time. After selling all of the ACC shares he bought an apartment in Mumbai and also invested in some shares with the remaining money.

After Harshat Mehta scam Mr Kedia faced big correction in his stock portfolio, according to him because of not buying stocks which had quality management he faced big correction in his shares.

But he made a decision to invest in Aegis Logistics at a price of 14 INR and sold at 500 price level which means 4000% times return. After that Mr Vijay Kedia invested in many multi-baggers like Atul Auto (Purchased at 5-10 average price) and because of his patience after 4 – 5 years the price started to grow in the upper circuit and sold Atul Auto at 500 level.

Mr Vijay Kedia’s 3 mantras are

  • Knowledge
  • Courage
  • Patience

According to him, company management is the driver for the firm, if a company have the power to grow even in a bad background of market condition. That company will have the fast growth possibilities.

Whenever the company changes its focus or if the company at its high valuation then Mr Kedia always planned on selling those shares.

He advises new investors to try to create a  fixed income first and then only enter into sstock marketbecause of its volatile nature.

Currently, his net worth is more than 1000 Crores.

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MP Subramanyan Swamy Reveals that CSA had the Pressure from Central Government

In a meeting with Chartered accountants at Ahmedabad BJP MP revealed that the CSO (CENTRAL STATISTICS ORGANISATION) had the Pressure from BJP government regards to INDIAN gdp and growth statistics.

Fake GDP Reports

He also added that the GDP values announced which are not real. It is easy to influence international statistics organisations as well as national associations.

According to Mr.Swamy the recent quarterly reports all have influence from the current government and its not real fact.

 

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Adhaar linking with trading accounts

Why Adhaar is mandatory for Your Trading Account

The stock broking firms requested its customers to link the Adhaar card with the demat account as per the circular from SEBI.

According to current updates every client’s who have trading accounts should fetch their Adhaar with the account in before next year.

Every brokerage firms announced the requirements in these Nov – Dec months.

There are limited conditions for people who joined recently or from the month of June 2017 that they have given 6 months of time.

Adhaar linking with share trading account

The deadline shall be a difficult task for the stock broking firms and the customers. Anyway let see whether any hope of exception who delays to submit the adhaar details.

As per rule there are chances of ceasing the trading account who delays to submit it.

 

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