India infoline view on market: Date – 06/10/2019 Nifty fails to move above 200-DEMA on the weekly chart Going forward, the support is likely to be seen at 11,074-11,000 levels. On the higher end, resistance is seen at 11,312. The Nifty slipped lower after forming an indecisive pattern in the preceding week. On the weekly timeframe, a significant red candle with negligible wicks has formed, which suggests the strength of bearishness. During the week, Nifty failed to move above 200 DEMA (double exponential moving average)on the weekly chart. The correction during the last few days led Nifty to ..read more

Shares of Yes bank plunged 30 percent intraday to touch an all-time low of Rs 29.05 and the overall market capitalisation of the firm fell below Rs 8,000 crore on BSE on October 1 amid concerns over its exposure to some troubled NBFCs, including Indiabulls Housing Finance The shares of the private lender have been falling even as it has got the RBI approval to raise more capital. However, the concerns over the bank’s financial health seem to have refused to subside. In a recent report, IDFC Securities slashed the bank’s target price to Rs 35, citing that it sees piling up bad loans, higher hai ..read more

What Is Debt Consolidation, and Should you Consolidate? Debt consolidation means take a new debt/loan at lower interest rate to pay off all your existing debts/loans. Debt consolidation helps you to reduce your debt , pay off your debts faster to come out from debt trap. When you consolidate your debt/loans , you are combining multiple debt/loans into a single debt/loans. Debts consolidation also allow you to opt favorable paying terms, lower interest rate and lower EMI. If you have taken multiple debts/loan like personal loan ,credit card loan , two wheeler loan , car loan etc with different ..read more

Thumb Rule Of Finance : It’s Not as Difficult as You Think Following thumb rule of finance : 1) Rule of Finance – Rule of 72 The rule 72 is used to estimate the number of years it would take to double your investment given your expected rate of return. This is simplest way to know that when invested amount will be double , you need not to apply compound interest formula. Rule Number of years to take double = 72 / expected rate of return Example -1 For example, the Rule of 72 states that Rs.1 Lac invested at an annual fixed interest rate of 10% then it would take 7.2 years ((72/10) = 7.2 to gro ..read more

What is a PPF Account or Public provided account? The PPF account or Public Provident Fund scheme is one of the most favorite long-term saving-cum-investment products for investors, due to its features of safety, returns, and tax savings. The PPF account was first open for the public in the year 1968 by the Finance Ministry’s National Savings Institute, from that time it has emerged as a powerful tool to create long-term wealth for investors. Investors use the PPF as an investment instrument to build a corpus for their retirement by putting aside sums of money regularly, over long periods of t ..read more

What is IMPS? Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank  fund transfer  through mobile phones. This service is available 24/7 throughout the year including bank holidays. It is also being used through other channels such as ATM, Internet Banking, etc. Neft and RTGS are available in banking hours and off on holiday. However IMPS are available 24 x 7. National payment corporation of india (NPCI ) is managing IMPS. What is the features of IMPS : Also read – Direct vs regular mutual fund plan which is bes ..read more

What are the Different Type of Mutual Funds : Based on ones goals and return on investment horizon, Mutual Funds gives option to invest money across various asset classes like equity oriented mutual fund, debt mutual fund, index fund etc. Mutual fund allows you to diversify your investments to reduce your portfolio risk. Before investing in any type of mutual fund one should keep in mind his Risk appetite , time horizon and expected return.You heard about that word from many people that “ high risk high return ”  Equity Mutual Funds / Growth Mutual Funds Mutual Funds that invest in equity shar ..read more

Direct vs Regular Mutual Fund Plan : Which One Will Be Best For You ? What is direct & Regular Plan of Mutual fund When you think of investing in mutual funds, you must have heard about the direct and regular plan, in Jan.2013 SEBI has made it necessary for the mutual fund company to include direct and regular plans in its scheme. You can read also read A detail overview on mutual fund.  What is Direct & Regular Mutual Fund Plan: In the direct mutual fund Plan, investors invest at their own discretion without brokers, agents and advisors. To invest in a direct mutual fund, you will ha ..read more

What is Sukanya Samriddhi Yojana (SSY) ? The Sukanya Samriddhi Yojana (SSY) is a scheme under Beti Bachao Beti padhao program of Prime Minister Narendra Modi. SSY account will ensure a bright future for girl children in India. This scheme is to facilitate them proper education and care free marriage expenses.  The scheme has well been accepted by the masses in wake of the financial security and independence it would provide to the girl child as well as their parents and guardians. It can be opened by the parents of a girl child below the age of 10 years. Scheme offer guaranteed interest income ..read more

Top 10 Useful Tools For How Multicap Mutual Fund Helps To Create Wealth , Benefit Of Investing In Multicap Mutual Fund If you are not aware about mutual fund then please read this article also , a detail overview of mutual fund.  What is Multicap Mutual Fund : Multicap Mutual Funds diversifying investments in companies across a wide range of sectors, irrespective of their size or whether they are large-caps, mid-caps or small-caps. Large-caps sector refer to big companies with vast market capitalization, mid-caps refer to mid-sized companies that offer medium capitalization and small-caps refe ..read more