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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Future Supply Chain IPO Opens By Tomorrow

The third part logistics company FSC IPO opens tomorrow at price band of 660-664. Shares will be available in BSE and NSE both.  It will list by December 6th and End By 8th. Secondary market listing expected by 18th of December. The issue will raise 650 crore INR.

FSC IPO By December 06

The company do contract logistics and express logistics and temperature controlled logistics. It operates 42 distribution centres and have revenue of 561 Crores in the financial year 2017. It was 519 and 407 crore revenues in the year 16 and 15 respectively.

In the coming year the GST structure may benefit the firm. The average P/E value of the company is 48. The valuation of the stock is not expensive and may be it can have a bright future depending on the company performance.

Future Supply Chain is 56.10% subsidiary of Kishore Biyani’s Future Enterprises Ltd. Sector wise the future is bright valuation wise it is not. So please study the IPO in details and invest.

Happy Investing.

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Shalby IPO opens at a price band of 245-248 per share

Multi-specialty hospital Shalby Hospitals Ltd will opens its Initial Public Offering on by Tuesday (Dec 05).  Shalby IPO openss at a price band of 245 – 248 per share. The fresh valued 480 Crores.
The offer will close by 7th of December. IThe company will be listed in both NSE and BSE.

It plans to sell 1 mn shares, Shalby Ltd now operates 11 hospitals , it plans to pay debt, purchase medical equipment, furniture, interiors for the  existing and upcoming hospitals also plans some corporate actions.

The hospital or company is headquartered in Ahmedabad. It has domestic and international reach. Currently it operates at Western and Central India and planning to spread across the country.

Shalby Hospital IPO

Click here to see the coming IPO’s the month

 

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India Q2 GDP Growth Raised To 6.3% From Q1 5.7%

The good news is  that Indian GDP Q2 results shown an impressive change from the previous quarter. The GDP growth raised to 6.3%. It was 5.7% in the first quarter. The festival season played an important role in this quarter which was beneficial for the Indian economy growth.

GDP India Q2 Results

Q2 GDP 6.3%

Sectors like Electricity, Gas, Communication, Broadcasting Services, Transportation, Hotels and Manufacturing played a major role in the economical growth this quarter. GST was badly affected GDP in the first quarter but it is helped the Indian market later the implementation.

The positive news will make the stock market more stronger. As per Moody’s recent result country shown some growth after GST and festivals.

The growth rate for  1. Agri Forestry and Fishing  2. Construction, 3. Mining and quarrying  are 1.7, 2.6, 5.5 respectively.  Real Estate and Professional Services 5.7. Admin, Public, Defence growth stood at 6%.

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IPO’s Which Opened This Year | 2017

In a stock market an IPO means Initial Public Offer which is the first availability of shares for public. It is also called the primary market. An individual can submit an IPO form through stock broker to avail the IPO stocks. Here are the list of IPO which opened in this year in India.

Shalby Hospitals Image

Shalby Hospitals IPO December 2017

2017 IPO List

December

Shalby Ltd – Dec (Opening Price – 245-248)
Future Supply Chain Solutions Ltd (Opening Price – 660-664)

November

HDFC Standard Life Insurance (Opening Price – 290)
Khadim India Pvt Ltd (Opening Price – 750)
The New India Assurance Company (Opening Price – 800)

October

Mahindra Logistics Limited (Opening Price – 429)
Reliance Nippon Life Asset Management Ltd (Opening Price – 252)
General Insurance Corporation of India (Opening Price – 912)
Indian Energy Exchange Ltd (Opening Price – 1650)
MAS Financial Services Ltd (Opening Price – 459)
Astron Parper Board Mills Ltd (Opening Price – 245-248)
Godrej Agrovet Ltd (Opening Price – 460)

IPO List 2017

 

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