SharemarketGurukul

Bittrex and Binance are two of today's most popular cryptocurrency trading exchanges. For those moving on to something a little more advanced after spending some time in the cryptocurrency world, these two platforms are typically recommended. The next logical step from beginner exchanges like Gemini and Coinbase are these two exchanges.

Binance and Bittrex both offer a wide range of coins, so if you want to exchange altcoins, either of them is a great starting point. While both offer plenty of benefits and relatively low fees, one might be more meaningful to you than the other.

This article does not intend to endorse or deride one exchange for the benefit of the other. We want to give you as much information as possible about each exchange and to compare and contrast so that you can get an idea of which exchange to choose for your business needs. Below is our comparison guide for Binance versus Bittrex.

Bittrex

It's no secret that Bittrex is one of the world's most popular exchanges of digital currency. The platform started in 2014 in Seattle, Washing, USA, and typically resides in the top three 24-hour volume-based exchanges. The site usually sees around $300 million every day and has a good reputation as a safe and secure site where users can exchange their cryptocurrencies.

Click on the "Sign Up" option in the upper correct corner to build an account with Bittrex. The site will request a password and your email address. Once this is accomplished, you will receive an email from the site requesting confirmation of your address.

You will log into your account when that is achieved, which will then direct you to the Bittrex Basic Verification page. Here you will receive deposit and withdrawal data. Unverified accounts, for example, can not withdraw their money from Bittrex. You will also provide some personal details such as your birth date, complete name, address and other relevant data.

You will need to provide photographic proof of who you are after you provide this data. The site asks for formal paperwork from the govt along with a selfie to validate who you say you are. Of course, this is not needed to trade but bear in mind that until this is finished you will not be able to withdraw your money.

Bittrex provides two kinds of account. Basic accounts involve only the minimum data confirmed by the public record. Users can cancel up to 3 BTC (or the altcoin equivalent) every day with this type of account.

Selfies and public paperwork verifies enhanced accounts. Bittrex uses Jumio to validate matches between face and ID. As soon as two-factor authentication is activated, these account kinds can withdraw up to 100 BTC each day.

Bittrex Fees

Based on their website data, Bittrex utilizes the following for fee applications: Trades–Each trading on the Bittrex platform gets a 0.25 percent charge that is taken from the revenues of the trading itself. However, if any portion of the order has not been finished, the money will be transferred to the customer when the order is canceled.

Withdrawals–Bittrex does not intend to make earnings on withdrawals, but each transaction has a network fee. Therefore, to cover this cost, the exchange has to pay a tiny fee.

Deposits–No deposit charges are charged. However, when you send funds to Bittrex, you may incur typical transaction fees from the coin network.

Cryptocurrencies supported

Bittrex seeks to promote established blockchains as well as newer ones. The site is of the opinion that this is crucial for increasing sector innovation. Bittrex, therefore, attempts to make as many alternatives and choice as possible available to its customers. They do this by allowing their customers to choose from a wide choice of digital currencies.

Bittrex currently does not pay a listing fee for listing on the exchange a cryptocurrency. Because the site thinks that the blockchain industry is increasing, it continues to spend and invest its resources in checking tokens that apply for exchange listing.

This is obvious from the reality that almost 300 trading pairs are supported by Bittrex. Bittrex may be the only place you need to go if you're searching for a location to trade coins.

Security

One of Bittrex's greatest selling points is the experience its founders had with Microsoft in their past careers. Bittrex has not endured a major hack since its founding in 2014, with company-level IT safety expertise as its disposal.

The team also thinks it is essential to give its users a safe and reliable platform. The site utilizes a multi-stage wallet to store 80-90% of all of the offline funds. Bittrex also needs the approval of two factors for any withdrawals, so you can be sure that your money goes to the correct individual.

Customer Support of Bittrex

Without a doubt, customer support is an area where Bittrex could enhance. The Bittrex support team has a substantial delay in response time. Users typically have to wait for a response longer than 24 hours, and the only technique accessible to contact assistance is through the internet ticketing scheme.

Bittrex offers, apart from its ticketing scheme, a FAQ section, a section for the latest news, and a Twitter feed that will update you on the latest exchange-related data.

Binance

The second cryptocurrency exchange on our list, Binance is a purely digital currency exchange. The site, which is a combination of the words Binary and Finance, does not trade legacy currencies like EUR, GBP, or USD. The exchange started out in China, however, due to regulations moved its headquarters to the more crypto-friendly Malta.

While Binance is still fairly new to the cryptocurrency market – it launched in 2017 – it has garnered plenty of popularity mainly due to its impressive listings of ICOs. The site is also well-known for its low trading fees and the professional attitude of its customer service team.

Account Creation and Withdrawal Limits

Registering and establishing a Binance account is comparable to Bittrex process users. Just go to the Binance website and press the "Register" button in the page's top right corner. Enter your email address with a password and you will receive an email from Binance for verification.

Once you have received your email for verification, simply click on the link given and log in to your account. You will have the capacity to deposit your own digital assets when that's finished. Binance will highly encourage you at this moment to allow two-factor authentication, which we also recommend. The withdrawal limit on the site is 2 BTC every 24 hours for unverified accounts. However, verified accounts have a limit of BTC 100 every 24 hours. This can be done by users who need a greater withdrawal threshold, but they will need to contact Binance directly to make the arrangements needed.

Binance registration is an easier method than on Bittrex, and typically for most consumers, the 2 BTC limit will be more than sufficient. But there are still constraints without verification. You are marked as a level-two user once checked. This implies that you have more liberty than an unverified user to move about the platform.

You will need to provide Binance with your full name, gender, country of residence, and a picture of your government's issued ID or passport to become a verified user. In addition to your passport, you will also need to provide a selfie for validation purposes.

for more information visit https://www.sharemarkethub.com/2019/09/01/binance-vs-bittrex-which-is-the-best-in-fees-trade-safety/

Sensex PE Hits 20-year High; Stock Markets Headed For A Severe Correction? Here’s What To Do Now

By sharemarketgurukul August 15, 2019 No comments

What is Sensex P/E: Sensex P/E Hits 20 Year High

As the PE ratio of Sensex soars to a 20-year high indicating extreme overvaluation, experts say that a stock market correction is in the offing, as such levels are unsustainable. The Sensex PE has soared to 28.29 in FY20, it’s highest in the last 22 years. “The market is indeed overvalued at a PE of above 28. Markets are extremely fragmented at the current moment and Sensex cannot always remain in its fortified island at such high levels. There is a very high likelihood that stocks will crack and correct to their mean PE levels within a short span of time,” Umesh Mehta, Head of Research, SAMCO Securities told Financial Express Online. The Price to Earnings (PE) ratio compares the market price of the share in relation to its earnings. The ratio implies the amount an investor is willing to pay to earn one rupee in earnings (profit). Therefore, if the PE ratio for Sensex stands at 28, investors are willing to pay Rs 28 for one rupee profit collectively earned by all companies that comprise the Sensex.

Explaining the reason behind the excessively high PE at present, investment advisor Sandip Sabharwal noted that losses reported by stocks like Tata Motors and SBI have skewed the ratio, which is unlikely to repeat in the future. “Sensex PE is misleading as over the years more and more high PE stocks have to go added to the Index. Due to this, the PE looks higher than what it would be in normal circumstances,” he noted.

Experts concur that the valuations remain stretched at the current levels. On one hand, few select large caps in key sectors like BFSI, IT and Oil & Gas which constitute majority of weight in the index have been taking the markets higher, while the other sectors like Auto, Pharma, Metal and Telecom has already witnessed considerable correction over the past 1-2 years due to their respective challenges, Ajit Mishra, VP – Research, Religare Broking told Financial Express Online.

Also read: Monsoon likely to revive in July’s last week, says IMD; UP, Bengal, Northeast to soon get strong showers

Notably, the top 10 index constituents have been getting a lion’s share of incremental flows from both domestic as well as foreign funds, says Jatin Khemani, founder and chief executive officer, Stalwart Advisors, an independent equity research firm registered with the Securities and Exchange Board of India. “This has elevated their multiples as well as that of the index,” Khemni told Financial Online, adding that the story outside the top index stocks is the exact opposite, as the broader markets have seen meaningful outflows contracting their multiple below the 5-year average. “The re-rating that happened over the last cycle has been completely washed away bringing valuation of broader markets back to reasonable levels,” he said. However, the Sensex PE ratio serves little purpose for the bottom-up stock pickers, says Khemani. “What matters much more is the quality, growth outlook and valuation of companies one holds in his portfolio,” he added.

So what should investors do, to mitigate the risk of a loss? “Investors should do systematic investment plan (SIP) in midcap funds or thematic funds like pharma sector funds as risk-reward is favorable in those at current levels,” Vikas Jain, Senior Research Analyst, Reliance Securities told Financial Express Online. According to the expert, earnings have to catch up from current levels otherwise there will be a price to earnings (PE) contraction which will lead to a sharp correction in the Sensex. “Midcaps and small caps have witnessed deeper correction over the past one year as issues with respect to earnings decline, governance issues and sharp outperformance in CY17,” he said, adding that markets will keenly watch the first-quarter earnings of FY20 and global issues with respect to trade war and higher crude prices from current levels, going forward.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

What’s Driving The Investor Bet On Sensex Stocks

Mint takes a look at what is driving the stock market.

1) Are the current levels of the stock market justified?

Till now, in fiscal 2019-20, the price-to-earnings (P-E) ratio of the 30 shares that constitute the BSE Sensex, India’s most popular stock market index, has been at 28.17. The P-E ratio is the market price of a share divided by its earnings per share. When investors buy a share at a certain price, they are basically paying for the future earnings of that company. So far this fiscal, investors have paid ₹28.17 on an average for every rupee of earning for Sensex shares. This is the highest average P-E ratio is more than 20 years. Thus, it’s important to understand what exactly the stock market is paying for.

2) Why are investors paying such a high price for shares?

A high P-E ratio means that while share prices are going up, earnings of firms are not. People investing in the stock market hope that as Prime Minister Narendra Modi has a bigger majority this time, his government will initiate another round of reforms on labor, land, and capital. These reforms will improve the ease of doing business. This will help companies expand businesses and spur the launch of several new businesses, thus creating jobs. The creation of more jobs will help people earn more, leading to greater spending, which will benefit businesses and improve their earnings.

3) Have P-E ratios ever been so high in the past?

P-E ratios were high in mid-2000 when the dotcom bubble was on, and on December 2007 and early January 2008, when the market was rallying, before the financial crisis set in.

4) What are the other reasons for such a strong market?

In the last decade, the central banks of Western countries, led by the Federal Reserve of the US, have followed an easy-money policy. This allowed foreign investors to borrow money at low-interest rates in the West, buy shares all over the world and drive up share prices in the process. In the last few months, the Federal Reserve has more or less signaled that this easy money policy is likely to continue. This has given further hope to stock market investors in India.

5) What about the consumption slowdown?

Investors expect the new government to tackle the consumption slowdown by raising its spending. This is a short-term hope that has driven up the stock market, despite the lack of earnings growth of firms. The government needs to avoid the mistakes made in 2008-09 when it increased spending and pushed public sector banks to run an easy credit policy. This later led to high inflation and massive bad loans of those banks.

PMS: What are PMS or Portfolio Management Services in India ?

By sharemarketgurukul August 08, 2019 2 comments

Portfolio Management Services Meaning -Complete Guide

Portfolio Management Services account is an investment the portfolio managed by a skilled money manager in stocks, debt, and fixed income products that can possibly be tailored to fulfill particular investment goals. When you invest in PMS, unlike a mutual fund investor, who owns units of the entire fund, you own individual bonds. To tailor your portfolio to meet personal preferences and economic objectives, you have the liberty and flexibility. While portfolio directors can supervise hundreds of portfolios,it may be unique to your account. Only those organizations registered with SEBI to provide PMS Services can deliver PMS to customers as per SEBI rules. For the sale of any PMS item, no distinct certification is needed. So this is the situation where there may be mis-spelling. The minimum investment needed to open a PMS account is Rs. 5 Lacs in accordance with the SEBI rules. However, for distinct products, distinct suppliers have distinct minimum equilibrium demands. For Eg Birla, AMC PMS has a minimum quantity requirement for a product of Rs. 25 lakes. Similarly, for their PMS, HSBC AMC has a minimum requirement of 50 lakes and Reliance has a minimum requirement of Rs. 1 Crore.

There are two kinds of PMS in general.

1.Non-Discretionary Portfolio Management Services(PMS): Under this service, only the investment concepts are suggested by the portfolio manager. The selection and timing of investment choices are up to the investor alone. However, the portfolio manager performs trade.

2. Discretionary Portfolio Management Services(PMS).: The discretionary portfolio manager will handle each client's resources separately according to the client's requirements.At the moment of opening his account, the customer may provide an adverse stock list in a discretionary PMS and the Fund Manager would guarantee that those stocks are not purchased in his portfolio. Most PMS suppliers are offering discretionary services in India.

Each PMS account is unique and each account's valuation and a portfolio may vary. There is no NAV for a PMS system; however, the PMS supplier will provide the client with a daily valuation of their portfolio. Each account with PMS is unique to each other. Each PMS system has a model portfolio and all investments made in the Portfolio Management Services for a specific investor are based on the scheme's model portfolio. These are the following reasons why portfolio may differ from investor to investors :

1. The difference in shareholder amount Redemptions / additional purchase by shareholder market situation–Example If the model portfolio has an investment in Reliance Industries and the present the opinion of the fund manager on RIL is' HOLD' (and not' BUY'), a fresh a shareholder may not have Infosys in its portfolio.

2.Investor entrance at distinct times. The interaction of the fund manager also takes place under PMS systems. The frequency relies on the size of the portfolio of clients and the supplier of portfolio management services. Bigger the portfolio, interaction frequency is higher. The PMS supplier generally arranges communication between fund managers on a quarterly/half-year basis.

How can investors invest in services for portfolio management (PMS)?

In a Portfolio Management Services an investor can invest in two ways:

1.By moving current stocks to the PMS account maintained by the client. The transferred portfolio value should be higher than the minimum investment requirements.

2.Payment by check

Besides this client will need to sign a few records such as –PMS contract with the supplier, Power of Attorney contract, New Demat account opening format (even if the shareholder has a Demat account to open a fresh one) and documents such as PAN, address evidence and evidence of identity are compulsory. NRIs are able to invest in a PMS. To invest in PMS, the NRI must open a PIS account. However, the paperwork needed for an NRI is distinct from an Indian resident. Each PMS supplier provides a document checklist.

Charges of Portfolio Management Services

The following fees are charged by a PMS. At the moment of the investment, the fees are chosen and vetted by the investor.

1.Entry Load –The entry burden of PMS Systems maybe 3%. It is charged only when purchasing the PMS.

2.Management Charges: Every system for Portfolio Management Services charges the fees for Fund Management. Depending on the PMS supplier, Fund Management Charges may differ from 1% to 3%. It is paid to the PMS account quarterly.

3. Sharing of Profits: Some PMS schemes also have profit-sharing arrangements (in addition to fixed fees), in which the provider charges a certain amount of fees/profit over the fund's stipulated return. For Eg PMS X has 2 percent set charges plus a 20 percent the charge for return charges produced above 15 percent in the year. In this event, if the return produced by the system in the year is 25%, the charges charged by the PMS will be 2%+{ (25%-15%)*20%}. For each Portfolio Management Services supplier and for each plan, the fees charged are distinct. It is recommended that the investor verifies the scheme's fees. In addition to the above fees, the PMS also charges investors on the following fees as all investments are made in the investor's name:

Transaction Brokerage

Demat Account Opening Fees

Audit Fees

Brokerage of Transactions

How is the Mutual Fund distinct from PMS?

PMS and Mutual are both types of managed funds. The distinction between an investor and a mutual fund in Portfolio Management Services is:

Portfolio can be customized to meet investor requirements.
Focused portfolio.
Taxation difference
Investors own the shares directly, rather than the stock-owning fund

PMS(Portfolio Management Services ) Taxation

Any revenue from the account of Portfolio Management Services is a company revenue. Unlike MF, for the advantage of equity taxation, PMS is not needed to stay 65 percent + invested in equity. Each account for Portfolio Management Services is in the name of an extra investor, so tax therapy is performed at an individual investor level. Profit on the same can be regarded as income from the business. (i.e. slab wise). Profit can be regarded as gains in capital. STCG(15%) or LTCG(Free of Tax)]. It relies on the treatment of this income by customers Chartered Accountant or the evaluating officer. At the end of the FY, the PMS provider sends an audited statement detailing STCG and LTCG, and it is up to the customer and his CA to decide to treat it as a capital gain or business income.

While many PMS suppliers offer standardized portfolios, some give custom-made investments. A customer may want to invest a big quantity, for example, in a single stock. In mutual funds, this is not possible because they can not maintain the net asset value of more than 10 percent in a single stock. While this spreads risk, a major drawback is that even if it is a very good investment, mutual funds can not hold a large interest in a business. This restriction does not exist for PMS.

How to Open a Demat Account with Zerodha||डीमैट अकाउंट कैसे ओपन करे ज़ेरोधा के साथ

By sharemarketgurukul August 07, 2019 No comments

सबसे पहले Demat Account होता क्या है ?? || What is Demat Account meaning

Zerodha के बारे मै बात करने से पहले हम यह जानते है Dematerialised Account होता क्या है जिसे हम Demat Account शार्ट मई बोलतेह है यह एक type का अकाउंट है जिसमेह हम शेयर्स और सिक्योरिटीज Electronic Form मै hold करर्ते है इससे Share ट्रेड करना आसान हो जाता है || Demat Account Stands For Dematerialised Account we can easily trade shares with Demat account which in electronic form.

इंडिया मै सबसे अच्छा डिस्काउंट Zerodha है आप आसानी से Zerodha मे अपना Demat Account ओपन कर सकते है

इंडिया मै Demat Account की सर्विस NSDL और CDSL के द्वारा दिए जाती है आपको यह सर्विस इंटरमीडीआईएस या डिपाजिटरी पार्टिसिपेंट्स या ब्रोकर जैसे Zerodha hai.Demat Account सारे शेयर्स ,सरकारी सिक्योरिटीज,एक्सचेंज ट्रेडेड फंड्स ,बांड्स और Mutual Funds को होल्ड करता है

What is Dematerialisation ||Dematerialisation क्या है

Dematerialisation एक किया है जिससे हम अपने Physical Shares को Electronic Form mai स्टोर जोकि बहुत आसानी से सुलभ (accessible) है कहीं से भी दुनिया मै। एक इन्वेस्टर को ऑनलाइन ट्रेड करने के लिए Demat अकाउंट खुलवाना (Demat Account Opening)होता है

Zerodha Broker एक बड़ा Discount Broker है जिससे पांच लाख से भी ज्यादा गाहक है इंडिया मै जिसका रोज़ का टर्नओवर नौ हज़ार करोड़ से भी ज्यादा है NSE ,BSE ,MCX मै इसके चार्जेज नाममात्र है और इसका ट्रेडिंग प्लेटफार्म भी बढ़िए है. इसके ब्रोकरेज चार्जेज 0.01 % or Rs 20 जो भी कम होगा हर एक आर्डर। यह एक सस्ता ब्रोकर है अगर औरो से तुलना की जाए अगर आप 60000 शेयर खरीदते हो तोह आपको सिर्फ 20 rs ब्रोकरेज चार्जेज देने होंगे जोकि और ब्रोकर से ज्यादा अच्छा है इसके अलावा जोह अमाउंट चार्ज होते है दोनों साइड खरीदना और बेचना वह भी बहुत कमा हो जाता है अगर दूसरे से तुलना करे

Top Reasons To Open Demat Account With Zerodha || ज़ेरोधा अकाउंट खुलाने के कारण

1. ऱ 0 इक्विटी डिलीवरी के चार्जेज और २० रू या 0.01% जो भी कम हो हर एक आर्डर पर

2. कोई भी अपफ्रंट फीस नहीं है

3. हर एक एक्सचेंज मै एक प्राइस है फिर छाए NSE हो या BSE या MSE

4 3 लाख से भी ज्यादा गाहक और डेली टर्नओवर नो हजार करोड़ से भी ज्यादा

5. 300 + समर्पित सपोर्ट टीम आपके प्रश्नो का उतर देने के लिए

6. डेस्कटॉप प्लेटफार्म पाई एक अच्छा प्लेटफार्म है ज़ेरोढा का ट्रेडिंग करने के लिए

How To Open Zerodha Demat Account ||ज़ेरोधा दमत अकाउंट कैसे खोले

निचे दिए गए डाक्यूमेंट्स की जरूरत होती है ज़ेरोढा का डीमैट अकाउंट ओपन करने के लिए

1. आधार कार्ड || Aadhar Card

2. पैन कार्ड || Pan Card

3.पासपोर्ट साइज फोटोज

4. कैंसिल चेक/सेविंग बैंक अकाउंट पासबुक

Steps to open a Zerodha Demat Account || ज़ेरोढा डीमैट अकाउंट ओपन करने के लिए कदम

1. Zerodha की ऑफिसियल वेबसाइट जाए इस लिंक पर क्लिक करे

2. डिटेल्स भरे जैसे पूरा नाम ,मोबाइल नंबर और ईमेल एड्रेस और कॉल मि बेक पर क्लिक करे

3. आपको एक कॉल आएगी ज़ेरोधा और वह आपको प्रोसेस बताएगा ज़ेरोधा का अकाउंट और डाक्यूमेंट्स सबमिट कहा पर करना है

4. आपको फीस भरनी होगी ऑनलाइन अगर इक्विटी का खुलाना है तोह 300 rs लगेगें और कमॉडिटी मै 200rs और अगर दोनों तोह 300 +200 =rs 500 यह फीस आप डेबिट कार्ड या नेट बैंकिंग से भर सकते है

5. डाक्यूमेंट्स सबमिट करने के बाद आपका दमत अकाउंट ओपन हो जाएगा 5-7 दिन मै

एक और तरीका है ऑनलाइन ज़ेरोधा (Zerodha) अकाउंट ओपन कराने का जिससे 30 मिनट्स मै आपका अकाउंट ओपन हो जाएगा

How To Open Zerodha Account Online ||ज़ेरोधा ऑनलाइन अकाउंट कैसे खोले

1. ज़ेरोधा की वेबसाइट मै क्लिक 'Open an Account'.इस लिंक पर क्लिक करे link.

2. डिटेल्स भरे जैसे पूरा नाम ,मोबाइल नंबर और ईमेल एड्रेस और Continue to Sign up पर क्लिक करे

3.पैन और आधार कार्ड की डिटेल्स भरे.

4. अकाउंट ओपन करने के चार्जेज भरे नेट बैंकिंग या डेबिट कार्ड से.

5. अपलोड करे कांसेल्लेड बैंक चेक या बैंक स्टेटमेंट को ताकि वेरीफाई हो सके सेविंग अकाउंट डिटेल्स

6. esign करे डाक्यूमेंट्स को Otp received होगा आपके रेजिस्टर्ड आधार मोबाइल नंबर पर

7. signoff करे एप्लीकेशन को

8. आपको पूरी भरी एप्लीकेशन रिसीव होगी और अन्य डिटेल्स आपके रेजिस्टर्ड ईमेल पर

9 आपको रिसीव हगा आपकी client id और password रजिस्ट्रेशन करने के एक दिन बाद और इंस्ट्रक्शन भी लॉगिन करने के लिए

10 उसी ईमेल पर आपको डाक्यूमेंट्स रिसीव हगा पीडीऍफ़ फॉर्म मई पावर ऑफ़ अटॉर्नी और नॉमिनेशन

आपको प्रिंट आउट निकाल कर भेजना होगा इस निचे दिए हुए एड्रेस पर

Zerodha, #153/154 4th Cross Dollars Colony,

Opp. Clarence Public School,

J.P Nagar 4th Phase,

Bangalore – 560078

अगर आपको नोमीनेटिंग करना है किसी को तोह आपको id प्रूफ जैसे आधार कार्ड ,वोटर id या ड्राइविंग लाइसेंस उसी पार्सल मई भेजना होगा अगर आपको पीओए ज़ेरोधा ने रिसीव नहीं किया तोह स्टॉक्स बेच नहीं पाओगे

Affle India IPO has been subscribed more than 86 times.

By sharemarketgurukul August 01, 2019 No comments

The IPO comprises of a new problem of Rs 90 crore and a sale offer of 49,53,020 equity shares, including anchor share of 27,72,483 equity shares.

On July 31, the last day of registration, the original government offer of mobile advertising company Affle India got an overwhelming reaction from investors. The Rs 459-crore public issue has received bids for 29.21 crore Equity Shares against IPO size of 33.78 lakh shares (excluding anchor investors' book) as per data available on exchanges.

The Initial Public Offer has been oversubscribed 86.49 times. he reserved part of skilled institutional investors has been subscribed 55.3 times and non-institutional investors have been subscribed 199 times while the retail part has been subscribed 10.96 times.
The IPO comprises of a new problem of Rs 90 crore and a sale offer of 49,53,020 equity shares, including anchor share of 27,72,483 equity shares. The price range for the government offer was set at Rs 740-745 per share, which was opened for bidding on July 29.
Affle India, already raised from 15 anchor investors about Rs 206.55 crore on July 26.

"We like Affle's distinctive business model with asset-light development policies and debt-free status. Considering Affle's worldwide presence in the high-growth advertising market as well as India, we think Affle is well-positioned in the mobile-only advertising strategy to boost growth. It has a worldwide well-diversified customer base, with nearly 70 percent of its income coming from the worldwide industry and the worldwide market.
The brokerage also said on valuation parse at a greater price band of Rs 745 per share Affle orders Rs 1,899 crore market cap on its FY19 income with P / E of 37x and greater ROCE owing to a high growth business model that offers a long-term investment chance.

Looking at its high-growth market with significant entry barriers, low-cost business model based on asset-light, automated and scalable company platform we are hopeful and investors may consider applying for both listing and long-term investment in the IPO, the brokerage recommended. Affle India is a decade-old worldwide technology firm with a proprietary consumer intelligence platform through appropriate mobile advertising that provides customer purchases, commitments, and transactions. This platform seeks to increase the returns on advertising spending by providing contextual mobile advertisements and decreasing digital ad fraud while proactively addressing the expectations of customer privacy. This platform is used both directly and indirectly through their marketing departments by (B2C) businesses across sectors, including e-commerce, fin-tech, telecom, media, retail and FMCG businesses.

You want to understand everything about the CFA Exam

By sharemarketgurukul July 31, 2019 3 comments

Chartered Financial Analyst

CFA Charter has become the world's most known and respected investment credential. The aim of the CFA program is to strengthen the worldwide profession of financial management and investment management. The CFA program is intended to convey relevant knowledge for the professional profession. CFA Program highlights the greatest norms of ethics and professionalism.CFA Exam is a great chance for anyone searching for a qualification to improve their economic career and set up financial credentials.

To win the candidates for the CFA charter, the CFA Exams must be clear. In addition to improving your income, the CFA Charter will also offer you an advantage in your career.

CFA Exam Benefits:

After passing the three stages of the CFA Exam, there are plenty of career advantages you will get. The CFA Charterholders are gaining significance for the knowledge and abilities they possess in this current competitive situation. If you are a finance specialist or want to move to a specific position, this can be a career enhancer. These are the roles experts in the sector are recruiting maximum CFA charters for:

Research Analysts
Portfolio Managers
Private Bankers
Manager of Managers
Financial Advisers
Relationship Managers
Financial Advisors
Financial Strategists

CFA Exam Requirements:

To clear all CFA Exams and receive the CFA Charter, applicants must have

4 years of professional work experience or
4 years of total experience combination of education and work

Besides that, the applicants must

Be a CFA Institute member
Apply to a local CFA member community for membership

For more information visit

https://www.sharemarkethub.com/cfa-usa/

Indian Union Budget Top 10 Highlights Points 2019

By sharemarketgurukul July 07, 2019 No comments

Top 10 Big Things About Indian Union Budget 2019

1. Income Tax hurting Ultra-Rich People(HNI) -:

Income Tax Rates Remains Unchanged but surcharged in Income Tax has gone up for the high net-worth individuals. Surcharged has been raised by 3 percent for those earning 3crore to 5crore a year and 7 percent for those earning Rs 5 crore and more which raised the effective tax to 39 percent in the Rs 2-5 crore bracket and 42.74 percent for 5 crores and above bracket.

2. Good Stocks At Cheaper Price :

The Finance Minister said the government will ask SEBI to raise minimum public float limit for listed firms from 25 percent to 35 percent. This will lead to a supply of papers of some very high quality, high PE Companies, which are now trading at high prices. So expect to get some of these stocks cheap.

3. Petrol and Diesel prices go up

The FM has proposed an additional excise duty and road and infrastructure cess of Rs 1 on every litre of petrol and diesel sold in the country. This will raise fuel prices but then oil prices have softened quite a bit from their high.

4. The Prices of Gold Goes up

The FM increased customs duty on gold and other precious metals from 10 per cent to 12.5 per cent, which will make the precious metal more expensive . Shares of gems and jewellery companies fell sharply in response to the move. This may bring down physical demand for gold due to high prices.

5.Small Risk of Interest Rate Hike

Government is proposing to raise a part of its market borrowing from the offshore market, Governement borrowing is unlikely to put pressure on local bonds and thus interest rates . This may, in fact, help RBI continue the low-interest rate regime.

6. Bank Transaction Tax won't pinch you:

The Finance Minister proposes to levy 2 per cent tax on cash withdrawal of over Rs 1Crore in a year . In order to encourage more digital and cheque payment which is transparent.

7. ETF another tax saving option

The finance minister announces plans to launch a CPSE ETFs on the lines of equity-linked savings scheme or ELSS which means you will be able to avail income tax deduction on the investment made in this ETF under Section 80 C of Income Tax Act

8.Securities Transaction Tax Tweaked

The FM streamlined the securities transaction tax or STT by Restricting it to only the difference between the settlement and strike prices in case of exercise of Options. This will be a relief for traders as now they won't have to be worried about compulsorily squaring off in the money options before expiry.

9.Reduction of Interest On Home Loans

The FM allowed an additional deduction of up Rs 150000 on interest paid on home loans borrowed up to March 31,2020 for purchase of an affordable house valued up to Rs 45 lakh. So if you bought an affordable home, you get an income tax deduction on interest payment of up to RS 3.5 Lakh a year.

10 PAN & Aadhar Interchangeable

PAN Card and Aadhar become interchangeable for the convenience of taxpayers. Now those who do not have PAN card to file tax returns will be able to do so by quoting Aadhar number and use it wherever they require to use PAN.

Concept Of Mutual Funds in Stock Market

By sharemarketgurukul July 02, 2019 1 comment

What is Mutual Fund??

A Mutual Fund is a Financial Vehicle to mobilize money from investors, to invest in different markets and securities, in line with the investment objectives agreed upon, between the mutual fund and the investors. In other words, through investment in a mutual fund, an investor can get access to markets that may otherwise be unavailable to them and avail of the professional fund management services offered by an asset management company.

1.1.2 Role of Mutual Funds

Mutual funds perform different roles for the different constituents that participate in it. Their primary role of Mutual Fund in Financial Market is to assist investors in earning an income or building their wealth, by participating in the opportunities available in various securities and markets. It is possible for mutual funds to structure a scheme for different kinds of investment objectives. Thus, the mutual fund structure, through its various schemes, makes it possible to tap a large corpus of money from investors with diverse goals/objectives. Therefore, mutual funds offer different kinds of schemes to cater to the need of diverse investors. In the industry, the words ‘fund’ and ‘scheme’ are used interchangeably. Various categories of schemes are called “funds”. In order to ensure consistency with what is experienced in the market, this workbook goes by the industry practice. However, wherever a difference is required to be drawn, the scheme offering entity is referred to as “mutual fund” or “the fund”. The money that is raised from investors ultimately benefits governments, companies and other entities, directly or indirectly, to raise money for investing in various projects or paying for various expenses. The projects that are facilitated through such financing, offer employment to people; the income they earn helps the employees buy goods and services offered by other companies, thus supporting projects of these goods and services companies. Thus, overall economic development is promoted. LEARNING OBJECTIVES: After studying this chapter, you should know about: Concept and role of Mutual Funds Advantages and disadvantages of mutual funds for investors Types of mutual fund schemes A key development in the mutual fund industry over the years 14 As a large investor, the mutual funds can keep a check on the operations of the investee company, and their corporate governance and ethical standards. The mutual fund industry itself offers livelihood to a large number of employees of mutual funds, distributors, registrars, and various other service providers. Higher employment, income, and output in the economy boosts the revenue collection of the government through taxes and other means. When these are spent prudently, it promotes further economic development and nation building. Mutual funds can also act as a Market Stabilizer, in countering large inflows or outflows from foreign investors. Mutual funds are therefore viewed as a key participant in the capital market of any economy

Why are there different kinds of Mutual Fund Schemes?

Mutual funds seek to mobilize money from all possible investors. Various investors have different investment preferences and needs. In order to accommodate these preferences, mutual funds mobilize different pools of money. Each such pool of money is called a mutual fund scheme. Every scheme has a pre-announced investment objective. Investors invest in a mutual fund scheme whose investment objective reflects their own needs and preference.

Categories

Search This Blog

Blog Archive

About Me

Wednesday, January 6, 2021

Friday, December 25, 2020

Friday, September 13, 2019