BANKNIFTY GOT 473 POINTS IN LAST WEEK

BANKNIFTY DAY PERFORMANCES GOT 80 POINTS,

[09:23, 4/28/2017] : BANKNIFTY LONG @ 9.30 TIME PRICE 1ST TRGT BY 40 POINTS & 2ND 80 POINTS ...
SL WILL UPDATE WITH TSL/REVERS !                      
[09:30, 4/28/2017]: LONG IS @ 22234
[09:33, 4/28/2017]: LONG 1ST TRGT DONE GOT 40 POINTS                      
[09:34, 4/28/2017]: NOW HALF KEEP TSL @ COST @ ENTRY @ 22234                      

[10:30, 4/28/2017]: BANKNIFTY SHORT @ 22252                      
[12:53, 4/28/2017] : SHORT SL + LONG @  22292        
                                  
[14:54, 4/28/2017]  LONG  DONE 1st & 2ND TRGT ...NOW OVER                      
[14:57, 4/28/2017]  TOTAL =+40 -80+120 = 80 POINTS . HAPPY WEEKEN !!

BANKNIFTY DAY PERFORMANCES GOT 113 POINTS,

[09:25, 4/27/2017] : BANKNIFTY LONG @ 9.30 TIME PRICE 1ST TRGT BY 40 POINTS & 2ND 80 POINTS ...
[09:35, 4/27/2017]  LONG @ 9.30 TIME PRICE  @ 22193                      
[10:43, 4/27/2017] : BANKNIFTY 1ST TRGT 22233 DONE GOT 40 POINTS TSL @ COST @ 22193                      
[10:59, 4/27/2017]: 2ND TRGT DONE @ 22273  
                  
[12:23, 4/27/2017]: SHORT @ 22238 ...1/HALF LOT ONLY                      
[13:05, 4/27/2017] : UPDATE : SHORT SL+ LONG @ 22285                                                              [14:12, 4/27/2017] : SHORT SL GONE GOT -47 POINTS/LOT
                    
[14:13, 4/27/2017]: LONG @ 22285 DONE 1ST TRGT  @ 22325 GOT 40 POINTS/LOT
[09:30,4/24/2017]:BANKNIFTY 21700 CE @ 109 MADE HIGH 670++...HOLDING    
TODAY GOT 40+80-47+40 = 113  POINTS133

BANKNIFTY DAY PERFORMANCES GOT 190 POINTS,

[09:28, 4/26/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL 100 POINTS 1ST TRGT BY 40 & 2ND 90 POINTS          
[09:40, 4/26/2017] : SHORT SL & LONG WAS @ 22136 ...                      
[09:46, 4/26/2017] LONG 1ST TGT DONE @ 22176                    
[13:59, 4/26/2017] BOOK FINAL @ 22226  2ND TRGT DONE      
           
[14:04, 4/26/2017] SHORT @ 22175      
[14:16, 4/26/2017] SHORT 1ST DONE GOT 40 POINTS NOW SL @ TSL @ 21175                      
[14:33, 4/26/2017] COVER @ 22115 NOW OVER    
             
[14:39, 4/26/2017] TODAY 3 SIGNALS 1. SHORT  @ 22115 SL GONE (-40 POINTS) LONG @ 22136 1ST & 2ND TRGT DONE (40+90 = 130 ) & 3. SHORT @ 22175 1ST TRGT DONE(40) LAST HALF COVERED @ 22115 (70)
[09:30, 4/24/2017] : BANKNIFTY 21700 CE @ 109 MADE HIGH 600++...HOLDING                          
[14:40, 4/26/2017] TOTAL = -40+40+90+40+60 = 190 POINTS                        

BANKNIFTY DAY PERFORMANCES GOT -28 POINTS,

[09:26, 4/25/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL 100 POINTS 1ST TRGT BY 40 POINTS & 2ND 80 POINTS ...
                                                               
[11:16, 4/25/2017] : EXIT BANKNIFTY CALL NOW @ 21932                      
[11:17, 4/25/2017] : BOOKED LOSS -34*2 = - 68 SHORT WAS @ CANDLE CLOSE 9.30 TIME PRICE @ 21898                      
[11:20, 4/25/2017] : IF PRICE COME @ 21920 THEN GO FOR LONG :                      
[13:02, 4/25/2017] : BANKNIFTY LONG 1ST DONE GOT 40 POINTS NOW SL WIL @ COST @ 21920                    
 [13:26, 4/25/2017] : TSL GONE                    
[15:46, 4/25/2017]: TODAYS POINTS = -68+40 = -28 POINTS LOST ... YOU MAY KEEP THIS REPORT        
[09:30, 4/24/2017] : BANKNIFTY 21700 CE @ 109 MADE HIGH 400++ ...HOLDING                 
[15:47, 4/25/2017]: TODAYS POINTS = -68+40 = -28 LOST

BANKNIFTY PERFORMANCE GOT 120 POINTS

[09:32, 4/24/2017] : BANKNIFTY LONG @ 9.30 TIME PRICE SL 100 1ST TRGT BY 40 & 2ND 80 POINTS ...
                   
[10:00, 4/24/2017] : BANKNIFTY 1ST TRGT DONE GOT 40 POINTS NOW SL @ TSL @ COST 21625  
           
[10:03, 4/24/2017]: BANKNIFTY 2ND TRGT DONE GOT 80 POINTS NOW
[09:30, 4/24/2017] : BANKNIFTY 21700 CE @ 109 MADE HIGH 331 ...HOLDING    

TOTAL 120 POINTS /LOT .

Shekhar's Tech : THIS WEEK ACHIEVED 230 POINTS :

BANKNIFTY DAY PERFORMANCES GOT 70 POINTS,

[09:22, 4/21/2017]: BANKNIFTY LONG @ 9.30 TIME PRICE SL 100 POINTS 1ST TRGT BY 40 POINTS & 2ND 90 POINTS ...                      
[09:32, 4/21/2017] : BANKNIFTY SHORT @ 21566   LOST -60POINTS BY 2 LOT                    
             
[12:24, 4/21/2017]: BANKNIFTY 1ST SHORT TRGT DONE GOT 40 POINTS NOW SL @ COST @ 21566                      
[12:57, 4/21/2017]: BANKNIFTY 2ND TRGT DONE GOT 90 POINTS                      
[12:57, 4/21/2017] : TODAY TIN NOW 90+40= 130 -SL 60 = GOT 70  POINTS                      

Shekhar's Tech :

BANKNIFTY DAY PERFORMANCES GOT 80 POINTS,

                       
[09:28, 4/20/2017] +91 99607 08936: BANKNIFTY LONG @ 9.30 TIME PRICE SL 100 POINTS 1ST TRGT BY 40 & 2ND 90 POINTS...                                              
                                   
[11:19, 4/20/2017] +91 99607 08936: LONG 1ST TRGT DONE GOT 40 POINTS NOW TSL  @ SL @ ENTRY @ 21544                      
[12:44, 4/20/2017] +91 99607 08936: BANKNIFTY TSL GONE                      
[12:45, 4/20/2017] +91 99607 08936: SHORT @ 21561                                              
[14:50, 4/20/2017] +91 99607 08936: AGAIN SHORT TRGT DONE GOT 40 POINTS TSL @ COST @ 21561                      
[14:50, 4/20/2017] +91 99607 08936: TODAY TOTAL 80 POINTS

READ ONCE ... BEHAVE IN INVESTING WORLD

BANKNIFTY DAY PERFORMANCES GOT 40 POINTS

[09:26, 4/19/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL100 POINTS 1ST TRGT BY 40 POINTS 2ND 100 POINTS                      
[09:53, 4/19/2017] : BANKNIFTY 1ST TRGT DONE  NOW SL WIL TSL  AT ENTRY 21584
 GOT 40 POINTS

BANKNIFTY GOT 240 POINTS DAY PERFORMANCES :,

BANKNIFTY TODAY GOT 240 POINTS : [09:28, 4/18/2017] : BANKNIFTY LONG @ 9.30 TIME PRICE SL100 POINTS 1ST TRGT BY 40 POINTS 2ND 80 POINTS [09:34, 4/18/2017]: UPDATES :BANKNIFTY 1ST TRGT DONE BOUGHT @ 21795 HALF BOOKED @ 21835 GOT 40 POINTS [09:38, 4/18/2017] : BANKNIFTY 2ND TRGT DONE GOT 120 POINTS [13:22, 4/18/2017] : BANKNIFTY SHORT @ 21881 [13:33, 4/18/2017] : BANKNIFTY 1ST SHORT TRGT DONE GOT 40 POINTS NOW TSL @ COST @ 21881 [13:33, 4/18/2017] : TOTAL BANKNIFTY POINTS IS 160 [14:38, 4/18/2017]: BANKNIFTY SHORT @ 21881 DONE 2ND TRGT IN 2ND CALL 120+1ST TRADE 120 =240 POINTS

NIFTY AND BANKNIFTY DAY PERFORMANCES :,

[09:15, 4/17/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL100 POINTS 1ST TRGT BY 40 POINTS 2ND 80 POINTS ...                      
                                     
[09:33, 4/17/2017] : BANKNIFTY 1ST TRGT DONE GOT 40 POINTS NOW SL @ TSL @ ENTRY @ 21687                      
[10:06, 4/17/2017]: 2ND CALL BANKNIFTY LONG @ 21703                      
[10:21, 4/17/2017]: UPDATED @ 21700                      
                     
[11:05, 4/17/2017] : UPDATE BNF LONG @ 21713                      
[12:57, 4/17/2017]: BANKNIFTY SHORT +LONG SL @ 21652                      
[13:28, 4/17/2017]: UPDATED :SHORT+ LONG SL @ 21652 NOT EXICUTED YET
BANKNIFTY 1ST TRGT DONE GOT 40 POINTS

BANKNIFTY EARNED 310 POINTS IN THIS WEEK IN DAY TRADES

Shekhar's Tech : NIFTY AND BANKNIFTY DAY PERFORMANCES :

[09:22, 4/13/2017]: BANKNIFTY SHORT @ 9.30 TIME PRICE SL 100 POINTS AND 1ST TRGT BY 40 & 2ND 100 POINTS                      
                   
[09:40, 4/13/2017] : UPDATE :BANKNIFTY SL+LONG @ 21730                      
[10:04, 4/13/2017]: BNF LONG 1ST DONE NOW TSL @ COST @ 21730                      
[10:06, 4/13/2017] : BNF SHORT GOT 35*2 LOT = -70 POINTS                      
[12:17, 4/13/2017] : BNF SHORT @21746                    
[14:55, 4/13/2017] : COVER SHORT @  21727                      
[14:55, 4/13/2017] : GOT 38 POINTS                      
[14:55, 4/13/2017] : TODAY LOST -2 POINTS/LOT

NIFTY AND BANKNIFTY DAY PERFORMANCES :,

                   
 [09:27, 4/12/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL 100 POINTS AND 1ST TRGT BY 40 2ND 80 POINTS ...                      
                     
[09:39, 4/12/2017] : BANKNIFTY 1ST TRGT DONE GOT 40 POINTS

2ND TRGT DONE  GOT  120 POINTS

Don't plan to file income tax this year? Beware!

With digital technology, the I-T department's ability to catch tax-evaders has increased many times.
Amarpal Chadha and Shanmuga Prasad lists the many advantages of filing and the perils of not filing your income tax return.
Illustration: Uttam Ghosh

The time for filing income tax returns is once again upon us.

Most people regard this task as a burden. But filing returns will in the future help you account for certain income that may not be subjected to tax -- stocks investments of over one year, for example.

Many are not even aware that those earning income above a certain threshold compulsorily need to file returns, even though their taxes are paid via tax deduction at source or TDS.

Every year, the income tax department takes steps to make the process of filing return simpler and to encourage more people to participate in this annual exercise.

Some of the measures it has already taken include simplified tax return forms, allowing paperless filing of returns, providing pre-filled tax return forms, and so on.

The authorities have introduced a one-page ITR Form-1 (Sahaj).

It's meant for individuals with income up to Rs 50 lakh and owning one house property.

The assets and liabilities section has been eliminated from the ITR-1 (Sahaj) as an individual with income over Rs 50 lakh cannot use it.

ITR forms like ITR-2, ITR-2A and ITR-3 have been merged into a single ITR-2.

ITR-4 and ITR-4S (Sugam) have been renumbered as ITR-3 and ITR-4 (Sugam) respectively.

From this year onwards, it is mandatory to provide the 12-digit Aadhaar number.

If the assessee doesn't have an Aadhaar card, then he needs to provide the enrolment ID.

Also, an individual needs to disclose the cash deposited during demonetisation (between November 9 and December 30 last year) if the total amount was more than Rs 2 lakh.

According to income tax laws, filing a return is mandatory for an individual who earns above the basic exemption limit.

Also, a person who qualifies as ordinarily resident in India under income tax laws and fulfills any of the following two conditions must file her/his income tax return.

• One, s/he holds an asset, either as a beneficial owner or otherwise, including a financial interest in any entity located outside India, or has signing authority in any account located outside India.
• Two, s/he is a beneficiary of an asset, including any financial interest, in any entity located outside India.

Besides the above, an individual will also be required to file return of income if s/he fulfills any of these three conditions.

• One, s/he wishes to carry forward a loss or wants to claim a refund.
• Two, s/he has long-term capital gains (which are exempt from taxation) from the sale of equity shares of a company, or sale of units of equity-oriented mutual funds, or sale of units of a business trust.
• Three, s/he has received income derived from property held under trust, wholly or partly for charitable or religious purposes.

Not only is filing your tax return a requirement under the tax laws, you also stand to benefit in many ways from doing so.

If you apply for a housing, education or vehicle loan or for the registration of an immovable property, your application is likely to be processed much more easily and speedily if you have been filing your tax returns.

It is also a mandatory prerequisite for the processing of your visa.

Banks may not issue a credit card to you if you have not been filing your returns regularly.

You can also use your tax returns as standard proof of income wherever required (say, when applying for a home loan).

By filing your returns regularly, you also create a track record with the income tax department.

Finally, by filing your tax returns and paying taxes regularly, you contribute your bit to the national income.

Consequences of not filing can be dire

• If you don't comply with the requirement of filing your tax return, you could be penalised. Union Budget 2017 has even proposed a fee for the late filing of tax return.
• If a person files a tax return after the due date but on or before December 31 of the assessment year, the fee will be Rs 5,000.
• In any other case, the fee rises to Rs 10,000.
• For those whose total income does not exceed Rs 5 lakh, the fee has been limited to Rs 1,000.

Hence, you should start collating all the necessary data required for filing tax return and fulfil this obligation by the due date, which is usually July 31 following the end of the tax year.

Remember that with the advancement of digital technology, big data and automation, the income tax department's ability to catch those who try to avoid paying tax has increased manifold.

Different sources of information are linked to your identification number. Using them the IT department can track the myriad transactions you carry out during the year.

It can also keep a tab on different sources of income that an individual has and check whether s/he reports all of them correctly while filing her/his tax return.

If it notices discrepancies, it has the authority to issue a show cause notice.

Keeping all this in mind, do file your income tax return before the due date.

Not only will you sleep better at night, you will also contribute to a cleaner and more transparent economy.

To encourage more people to pay their taxes, thank them for their contribution, and to acquire a more people-friendly image, the income tax department has started to award certificates to tax filers.

You could receive a platinum, gold, silver or bronze certificate depending on the amount of tax paid and whether your return was filed on time.

Who needs to file returns?

• If your income exceeds the basic exemption limit, you are required by law to file a tax return.
• It also becomes compulsory for those who wish to carry forward a loss or claim a refund.
• If you have long-term capital gains from equities, then too you need to file a return.
• Doing so will facilitate speedy processing of loans and registration of property.
• It is also mandatory for getting a visa.
• Budget 2017 announced a fee for late filing of return.

Amarpal Chadha is tax partner and India mobility leader and Shanmugha Prasad is a senior tax professional at EY.

NIFTY AND BANKNIFTY DAY PERFORMANCES :,

[09:25, 4/11/2017] : BANKNIFTY LONG @ 9.30 TIME PRICE SL 100 POINTS AND 1ST TRGT BY 40 2ND 90 POINTS ...                      
       
[09:44, 4/11/2017]: ADDTIONAL CALL : GO LONG NIFTY @ 9212 TRGT TILL EOD END OF DAY         SL - 9184                  
                   
[09:51, 4/11/2017]: BANKNIFTY BOUGHT @ 21531 NOW 1ST TRGT DONE GOT 40 POINTS ...TSL NOW @ COST                      
[09:56, 4/11/2017] : BANKNIFTY 2ND TRGT DONE GOT 40+90= 130 POINTS                      
[10:31, 4/11/2017] : ADDITIONAL CAL CAN BOOK @ 9242 GOT 30 POINTS

NIFTY AND BANKNIFTY DAY PERFORMANCES :,

[09:17, 4/10/2017] : BANKNIFTY SHORT @ 9.30 TIME PRICE SL 100 AND 1ST TRGT BY 40  & 2ND 80 POINTS...                      
[10:37, 4/10/2017]: STAY IN SHORT CALL OF BANKNIFTY                      
[11:33, 4/10/2017] : UPDATE: BANKNIFTY SL+LONG @ 21507 ...SHORT WAS @ 21439                      
                                                             
[14:46, 4/10/2017] : SL OF 67* 2 2LOTS  = 134 POINTS                      
[14:47, 4/10/2017] : LONG @ 21507  1ST TRGT DONE GOT 40 POINTS                      
[14:48, 4/10/2017] : ALMOST 2ND DONE ...GOT 40+80 =120
[15:32, 4/10/2017] : NIFTY GOT 10 POINTS BY 2 LOTS EXITED @ NEAR EOD
 ...TODAY LOST 134-120 = -14 POINTS/ LOTS                      

BANKLNIFTY ACHIEVED 325 POINTS LAST WEEK IN DAY TRADES

NIFTY AND BANKNIFTY DAY PERFORMANCES :

[09:19, 4/07/2017]

BANKNIFTY SHORT @ 9.30 TIME PRICE SL-100 1ST TRGT BY 40 POINTS AND 2ND 80 POINTS ...

REVERSED @ LOST OF 10 POINTS

AGAIN LOST OF 90 POINTS  LOST 100 POINTS ONLY 

NIFTY GOT LOSS OF -24 POINTS



******************************
[09:18, 4/6/2017]
: BANKNIFTY SHORT @ 9.30 TIME PRICE SL-100 1ST TRGT BY 40 POINTS AND 2ND 80 POINTS ...      
                 
[13:06, 4/6/2017] : BANKNIFTY 1ST TRGT DONE GOT 40 POINTS OW TSL @ COST @ 21613                                          
[13:54, 4/6/2017]: SHORT COVERED HERE @ 21597
                      
[13:55, 4/6/2017] LONG HALF HERE @ 21600

[10:14, 4/6/2017]: NIFTY CAN LONG @ 9254                      
[10:15, 4/6/2017] : sl WIL 9236 STAY TILL END OF DAY OR BOOK AS PER UR ...                      
[10:40, 4/6/2017] : SL GONE OF LONG LOST 8 POINTS ONLY                      
                 
                   
[14:38, 4/6/2017]: BANKNIFTY GOT AGAIN 40 POINTS..!!TODAY  80 POINTS IN 2 CALLS ...!                      
                       

Indian Mutual Fund industry’s 18 Lakh Crore (INR 18 Trillion) – an all time high !

Indian Mutual Fund industry’s Avg. Assets Under Management (AAUM) crosses ₹ 18 Lakh Crore (INR 18 Trillion) – an all time high !

Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of February 2017 has crossed

a landmark of ₹ 18 lakh crore and stood at ₹ 18.48 lakh crore. Assets Under Management (AUM) as on 

February 28, 2017 stood at ₹17.89 lakh crore

The AUM of the Indian MF Industry has grown from ₹ 3.26 trillion as on 31st March 2007 to ₹ 17.89 trillion as on 28th 

February, 2017, a five-fold increase in a span of less than 10 years !!

The MF Industry’s AUM has more doubled in the last 4 years from ₹ 5.87 trillion as on 31st March, 2012 to ₹ 12.33 trillion

 as on 31st March, 2016

The Industry’s AUM had crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) for the first time in May 2014 and in a

 short span of two years and nine months, the AUM size has crossed ₹17.89 lakh crore last month.

The total number of accounts (or folios as per mutual fund parlance) as on February 28, 2017 stood at 5.44 crore 

(54.4 million), while the number of folios under Equity, ELSS and Balanced schemes, wherein the maximum investment 

is from retail segment stood at 4.35 crore (43.5 million).

Mutual Fund AMC,

As we know all about mutual fund investements :

       The persion who realy does not know more the equity market and the do not have more time for
this then they can go through mutual fund investement ways :

There is many scheme to invest :
           Some AMCs (Assets management Companies )

Axis Asset Management Company Ltd.

Birla Sun Life Asset Management Company Ltd

DSP BlackRock Investment Managers Pvt.  Ltd.

Edelweiss Asset Management Ltd

HDFC Asset Management Company Ltd

ICICI Prudential Asset Management Company Ltd

Kotak Mahindra Asset Management Company Ltd.

Morgan Stanley Investment Management Pvt.Ltd.

Motilal Oswal Asset Management Company Ltd.

SBI Funds Management Private Ltd.

Sundaram Asset Management Company Ltd

UTI Asset Management Company Ltd etc ...

What is a mutual fund?

What is a mutual fund?

 

Definition: A mutual fund is a professionally-managed investment scheme, usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities.

                These days you are hearing more and more about mutual funds as a means of investment. If you are like most people, you probably have most of your money in a bank savings account and your biggest investment may be your home. Apart from that, investing is probably something you simply do not have the time or knowledge to get involved in. You are not the only one. This is why investing through mutual funds has become such a popular way of investing.

             What is a Mutual Fund? A mutual fund is a pool of money from numerous investors who wish to save or make money just like you. Investing in a mutual fund can be a lot easier than buying and selling individual stocks and bonds on your own. Investors can sell their shares when they want. 

Professional Management.

       Each fund's investments are chosen and monitored by qualified professionals who use this money to create a portfolio. That portfolio could consist of stocks, bonds, money market instruments or a combination of those.

Fund Ownership. 

As an investor, you own shares of the mutual fund, not the individual securities. Mutual funds permit you to invest small amounts of money, however much you would like, but even so, you can benefit from being involved in a large pool of cash invested by other people. All shareholders share in the fund' s gains and losses on an equal basis, proportionately to the amount they've invested.

Mutual Funds are Diversified 

          By investing in mutual funds, you could diversify your portfolio across a large number of securities so as to minimise risk. By spreading your money over numerous securities, which is what a mutual fund does, you need not worry about the fluctuation of the individual securities in the fund's portfolio.

 Mutual Fund Objectives 

           There are many different types of mutual funds, each with its own set of goals. The investment objective is the goal that the fund manager sets for the mutual fund when deciding which stocks and bonds should be in the fund's portfolio. For example, an objective of a growth stock fund might be: This fund invests primarily in the equity markets with the objective of providing long-term capital appreciation towards meeting your long-term financial needs such as retirement or a child' s education. Depending on investment objectives, funds can be broadly classified in the following 5 types:

           Aggressive growth means that you will be buying into stocks which have a chance for dramatic growth and may gain value rapidly. This type of investing carries a high element of risk with it since stocks with dramatic price appreciation potential often lose value quickly during downturns in the economy. It is a great option for investors who do not need their money within the next five years, but have a more long-term perspective. Do not choose this option when you are looking to conserve capital but rather when you can afford to potentially lose the value of your investment.

         As with aggressive growth, growth seeks to achieve high returns; however, the portfolios will consist of a mixture of large-, medium- and small-sized companies. The fund portfolio chooses to invest in stable, well established, blue-chip companies together with a small portion in small and new businesses. The fund manager will pick, growth stocks which will use their profits grow, rather than to pay out dividends. It is a medium - long-term commitment, however, looking at past figures, sticking to growth funds for the long-term will almost always benefit you. They will be relatively volatile over the years so you need to be able to assume some risk and be patient.

          A combination of growth and income funds, also known as balanced funds, are those that have a mix of goals. They seek to provide investors with current income while still offering the potential for growth. Some funds buy stocks and bonds so that the portfolio will generate income whilst still keeping ahead of inflation. They are able to achieve multiple objectives which may be exactly what you are looking for. Equities provide the growth potential, while the exposure to fixed income securities provide stability to the portfolio during volatile times in the equity markets. Growth and income funds have a low-to-moderate stability along with a moderate potential for current income and growth. You need to be able to assume some risk to be comfortable with this type of fund objective. 

          That brings us to income funds. These funds will generally invest in a number of fixed-income securities. This will provide you with regular income. Retired investors could benefit from this type of fund because they would receive regular dividends. The fund manager will choose to buy debentures, company fixed deposits etc. in order to provide you with a steady income. Even though this is a stable option, it does not go without some risk. As interest-rates go up or down, the prices of income fund shares, particularly bonds, will move in the opposite direction. This makes income funds interest rate sensitive. Some conservative bond funds may not even be able to maintain your investments' buying power due to inflation.

          The most cautious investor should opt for the money market mutual fund which aims at maintaining capital preservation. The word preservation already indicates that gains will not be an option even though the interest rates given on money market mutual funds could be higher than that of bank deposits. These funds will pose very little risk but will also not protect your initial investments' buying power. Inflation will eat up the buying power over the years when your money is not keeping up with inflation rates. They are, however, highly liquid so you would always be able to alter your investment strategy.

 Closed-End Funds A closed-end fund  has a fixed number of shares outstanding and operates for a fixed duration (generally ranging from 3 to 15 years). The fund would be open for subscription only during a specified period and there is an even balance of buyers and sellers, so someone would have to be selling in order for you to be able to buy it. Closed-end funds are also listed on the stock exchange so it is traded just like other stocks on an exchange or over the counter. Usually the redemption is also specified which means that they terminate on specified dates when the investors can redeem their units.

 Open-End Funds  An open-end fund is one that is available for subscription all through the year and is not listed on the stock exchanges. The majority of mutual funds are open-end funds. Investors have the flexibility to buy or sell any part of their investment at any time at a price linked to the fund's Net Asset Value.

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New Rs2000 and Rs500 notes will change every 3-4 years

'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'

Christopher Wood, managing director and equity strategist at CLSA, tells Puneet Wadhwa that the UP poll results has made a mockery of the criticism that demonetisation received and the outcome confirms that Prime Minister Narendra Modi should have a second term in government

What are the implications of the assembly poll outcome for the markets and the government's reform agenda?

'Demonetisation is one of the most remarkable high stakes strategy that I have ever seen globally.'

The outcome of the elections, especially in Uttar Pradesh, is a big positive. It confirms that the prime minister should have a second term in government.

It also highlights that the incredibly ambitious strategy of demonetisation has paid off from a political standpoint.

It is a dramatic result in the context of what pundits were terming only 50:50 chance of the Modi government winning the elections.

The key consequence of demonetisation will be to promote the use of financial assets in the Indian economy.

The existence of the combination of electronic identification cards (Aadhar cards) and the technology available means that digital banking transactions will be accelerated.

I view all this as a positive for the domestic demand story in India, and for the use of more financial assets.

The UP election result has made a mockery of the criticism that the demonetisation got.

If a lot of people had not supported the demonetisation programme, such an election outcome would not have been possible.

The most startling thing about all this is the political dynamic.

Doing demonetisation at such a short period and ahead of the country's most important state election is a highly risky strategy, which not many politicians across the globe would have done.

It (demonetisation) is one of the most remarkable high stakes strategy that I have ever seen globally.

For me, that's the biggest point of all.

How are global investors likely to see India as an investment destination post the assembly poll outcome?

I think more flows will come in.

At the start of the year, foreigners were sceptical about India. They were basically looking for reasons to stay away.

But in the last three weeks, that sentiment has changed, as the Indian markets have been doing well.

So at the beginning of the year, when I was telling people to remain heavily overweight India, I got a lot of push back. But, now I don't.

Which sectors do you see taking the lead if the markets were to move higher from here on?

The key story remains the domestic demand stocks.

I am still not expecting a capex cycle in India in the next fiscal year.

I am bullish on the domestic demand story.

'My contrarian play is the Indian real estate sector, which is currently out of favour.'

If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.

These sectors are the real beneficiaries of the government's demonetisation drive.

These are the areas where I am overweight in my portfolio, and haven't changed the stance.

How do valuations look at this stage?

The valuations are quite high. In my view the valuations will continue to remain high for most of the well regarded companies.

Are the markets fully factoring in the negatives, if any, as regards GST (goods and services tax) bill implementation and the delay in pick-up in corporate earnings due to demonetisation?

The key issue is how much the use of financial assets is being promoted, and how much more can the Aadhaar card be put to use.

We are already seeing the concrete benefits of Aadhaar card usage show up, as people are receiving higher subsidy payments net of leakages by using these cards.

The reality of Aadhaar and electronic banking should be that the leakages reduce.

The government has been proactive as regards trying to resolve issues related to the PSU banks.

Would you now look to add more large-cap PSU banks in your portfolio?

The one straight forward positive story in India is the private sector banks.

There are still issues with the public sector banks, like inadequate recapitalisation.

This means that the private sector banks will continue to grab market share from the PSUs.

The arrival of the Aadhaar card and smartphones means that digital banking has become more feasible.

This means that the private sector banks can expand their market share more quickly than previously where they depended on expanding branches.

Thus, private sector banks remains the most straightforward story in India.

What are your contrarian plays/bets in the Indian context?

My contrarian play is the Indian real estate sector, which is currently out of favour.

I expect dramatic consolidation in this sector after the Real Estate Regulation Act, REERA, is implemented.

This will bring a lot of reform in the Indian property market, which traditionally has been an area of black money.

Going forward, the developer, so far as I understand it, will have to put 90 per cent of the pre-sales into an escrow account till the time of completion of the project.

To me, that's a very stiff criterion and will lead to dramatic consolidation in the property development industry in India.

I expect a lot of developers not to have the balance sheet to run such a business model.

This is a good opportunity for developers that have a good track record; but it is a long-term story.

What is the one advice you would like to give Indian retail investors?

I would advise to stay invested in the Indian equity markets.

I would also prefer the Indian equity market to the fixed income market.

How do you view Trump's presidency thus far and its implications for the world economy?

We are waiting to see the exact detail of the proposed tax reform.

US markets have gone through the roof, discounting aggressive tax cuts, but we need to see the exact details, including if there is a border adjustment tax.

The markets, for now, are being quite patient. If we don't have details by mid-May, we will have a problem.

CRUDE INTRADAY TRADING GETTING 450 TO 1100 POINT IN MONTH :

BAnknifty day trade gained 345 points in last week :