Recent Posts

Pages: 1 2 [3] 4 5 ... 10

Mutual Funds in India / Quant Style Investing

« Last post by resh on January 19, 2023, 09:07:33 PM »

Quant MF came into existence in 2018 with takeover of Escorts MF by Quant Capital. It is surprising Quant Group was owned by Reliance which already had Reliance Nippon AMC.

1. MultiCap - Quant Active Fund - 1,2,3,4,5 - All time frame SIP- Top Performing.
2. FlexiCap - Quant FlexiCap - 1,2,3,4,5 - All time frame SIP- Top Performing.
3. MidCap - Quant MidCap - 1,2,3,4,5 - All time frame SIP- Top Performing.
4. Focused - Quant Focused - 1,2,3,4,5 - All time frame SIP- In Top 5, Not the TOP Performing for 1 & 2 Years.

Mutual Funds in India / Re: Conservative Hybrid Debt Vs Fixed Deposit

« Last post by resh on December 25, 2022, 09:17:31 AM »

Investors can take advantage of 4 Indexations where the holding period will be slightly higher than 3 years but the investment is held across 5 financial years.

This can be achieved by investing towards the end of the financial year (between Jan 1st and March 31st of 2023) and has to be redeemed after April-01-2026.

In such a scenario, Indexed Cost of Acquisition will be adjusted for 4 years.

Indian Economy, Macro, RBI Policies / Trust Creation for Family Investments

« Last post by resh on December 25, 2022, 08:56:56 AM »

Some Large HNI Investors create a irrevocable discretionary trust where the Husband and Wife are the Trustee and Children the Beneficiaries. The purpose of the trust is to grow the wealth by way of investments across instruments and also towards welfare of the beneficiaries. You ensure that (1) in case of any legal claim on Husband / Wife in personal capacity the assets in the name of the trust cannot be attached (2) just in case the erstwhile estate tax (inheritance tax) comes back this would provide some benefit

The Trustee cannot be a beneficiary. The period of the trust is to be specified. Trust is to be registered at the sub registrar office.

The property, shares or investments continue to remain in the name of the trust - not in the name of beneficiaries. However, you can set up a regular payout to beneficiaries or one off since the trust is a discretionary one. As and when the trust is closed down, the assets held will be distributed to beneficiaries detailed in the trust agreement. In fact from taxation point of view

Cash Infusion - Once funds (cash/shares/property) moves into Trust - it is owned by the Trust and the trustee has no relationship excepting being a guardian of the assets.

Trustee cannot utilize any proceeds from the Trust except a reasonable compensation by way of being the Trustee. The payouts to various beneficiaries is at discretion as the name suggests - it is a discretionary trust.

Taxation - No clubbing. Trust is an independent entity with its own PAN and hence handles any taxation on its own. Once the beneficiaries receive any thing from the trust, the resulting taxation would be borne by the individual beneficiaries as applicable.

Disadvantages Trust would be less effective as long term capital gains from share sales cannot be used for purchase of property - the section is unavailable as and when you file tax for the trust. This is a grey area and once needs to take the legal route.

Trading Ideas / Brokers Provide API Algo Trading India ?

« Last post by resh on December 25, 2022, 08:39:44 AM »

Which Brokers Provide API for Algo / Automated Trading India ?

1. Zerodha - https://kite.trade/
2. Fyers - https://fyers.in/api/
3. IIFL - https://api.iiflsecurities.com/
4. https://api.dhan.co/#/
5. Finvisa - https://shoonya.com/api-documentation
6. Prostocks - https://www.prostocks.com/prostocks-star-api.html

Indian Economy, Macro, RBI Policies / Taxation of Listed Unlisted Bonds

« Last post by resh on December 25, 2022, 08:20:11 AM »

Bonds / Government Securities / Debt Listed on Indian Exchanges / Unlisted have different Tax Treatment.

Listed Bonds sold on exchange don't get indexation benefit. They are taxed like equity, so if held above 12 months 10% tax on the Profit (cost price - sale price).

Unlisted Bonds LTCG period is 3 years. And taxation of LTCG is 20% with indexation and 10% without indexation.

Yearly Interest received in your hands is already taxed as per your normal slab rates.

Sensex and Nifty Company Analysis / Nifty FY 2023-24 EPS

« Last post by resh on November 03, 2022, 12:29:57 PM »

Anjali Verma of Philip Capital has the following View

Nifty is currently trading at 19x-19.5x FY24 EPS of Rs 950-920; we have been estimating FY24 EPS in the range of Rs 930-950 since March 2022 when consensus was Rs 1050. Currently, we retain our neutral stance on Indian equities; downside risk will open as global monetary tightening continues, triggering global growth/earnings slowdown. In case global slowdown is avoided, India equities will trend higher.

Gautam Duggad of Motilal Oswal said,

Nifty EPS for FY23E has been increased by 0.5% to INR821 (from INR817 earlier) driven by Axis Bank, Sun Pharma, HCL Tech and ICICI Bank. FY24E EPS was also raised by 0.4% to INR989 (from INR984 earlier)

Sensex and Nifty Company Analysis / TCS - Research Recommendation

« Last post by resh on July 09, 2022, 07:32:55 PM »

Ashwin Mehta and Vamsi Krishna of Ambit Capital Views on TCS,

We remain below consensus on growth/margins and see risks to consensus margins on supply-side pressures and discretionary cost reversals. Broad-based growth underperformance versus Infosys/Accenture over 11-12 quarters and TCS not being immune to sectoral growth/margin moderation do not justify current valuation premiums. Stock valuations of 28.4x 1-year forward P/E imply USD revenue CAGR of 11.7% at average EBIT margin of 24.5%. Lower TP to Rs2,865 (vs Rs2,950 earlier), implying ~23x 1-year forward EPS upto Jun-24E of Rs124.7. Target Price Rs 2865

India Stocks and Shares / Nifty Market Views

« Last post by resh on July 09, 2022, 07:17:43 PM »

Sunil Singhania's Views, [Abakkus Investment]

The last 2-3 months have been quite challenging for equity investors globally. Indian equities have also seen a sharp drawdown across the board and slightly more in the mid and small cap space. Apart from the macro economic concerns of rising inflation, rising interest rates, fear of growth slowdown and pressure on corporate profit margins; the record selling from FPIs has also been a major cause of this deep correction...

However, we would recommend that investors make fresh investments over the next couple of months. While returns won’t be linear, we are confident that healthy mid teen benchmark earnings CAGR over FY22-25 will eventually get reflected in market returns.

Trading Ideas / Technical Analysis before Buy / Sell Stock

« Last post by resh on July 08, 2022, 04:16:34 PM »

Here is a small list of Analysis on which I decide to take positions.

1. Historical Data Analysis - Supports & Resistances
2. DMA - Short Term 20, 50 and 100. Long Term 200 DMA
3. High Low Analysis. (Capture Momentum) For Long Term it should be above AVG(52 H+L) and not break down significantly.
4. Study of 23% 38%, 50% and 61% Retracement Levels (If we are in a correction)
5. Stochastic, MACD
6. Supertrend (10,3) & VWAP (Follow Hourly Candle)
7. RSI - Short Term - 70+ (Overbought) and 30- (Oversold)
8. Know Sure thing
9. India VIX - Avoid Positions if it is >30

Trading Ideas / Why Traders Corner ?

« Last post by chetan on July 08, 2022, 04:01:14 PM »

The Paradigm of Savings changed from Bank Fixed Deposits in 90s to Equity Investments in early 2000. First came Value Investment, then Growth Stocks and now the never ending greed has taken most Investors to Trading for quick buck & action (contemporary with IPL 20-20)

Trading in underlying any "Instrument" is based on the Economics of Demand Vs Supply which determines the price. In this backdrop, this forum is to study Historical Data and do a Technical Analysis. Discuss Strategies for Trading & thoughts from the best minds.

NOTE: Please CONSULT SEBI Registered Financial Adviser before Investing