Stock Market - 2021 Holidays

List of Holidays 2021: 

Republic Day         January 26,2021, Tuesday

Mahashivratri         March 11,2021, Thursday

Holi                 March 29,2021, Monday

Good Friday         April 02,2021 Friday

Ambedkar Jayanti April 14,2021 Wednesday

Ram Navami         April 21,2021 Wednesday

Ramzan Id         May 13,2021 Thursday

Bakri Id             July 21,2021 Wednesday

Muharram         August 19,2021 Thursday

Ganesh Chaturthi         Sept 10,2021 Friday

Dussehra                 Oct 15,2021 Friday

Laxmi Pujan         Nov 04,2021 Thursday

Balipratipada         Nov 05,2021 Friday

Gurunanak Jayanti Nov 19,2021 Friday

Emerging Markets

An emerging market is a country that has some characteristics of a developed market, but does not meet standards to be a developed market. This includes countries that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with slower economies than "emerging". The economies of China and India are considered to be the largest. The four largest emerging and developing economies by either nominal or PPP-adjusted GDP are the BRIC countries (Brazil, Russia, India and China). The next five largest markets are South Korea, Mexico, Indonesia, Turkey, and Saudi Arabia. Iran is also considered an emerging market.

www.switch2life.com

LUPIN LTD.

Lupin Ltd., incorporated in the year 1983, is a Large Cap company operating in Pharmaceuticals and

health care sector. It's key Products Segments include Tablets which contributed 48.94% of Total Sales), Capsules which contributed 17.86% of Total Sales, Bulk Drugs which contributed 11.74% of Total Sales), Liquids which contributed 7.59% of Total Sales, Injectible Vials which contributed 5.38% of Total Sales, other Services which contributed 3.82% of Total Sales, for the year ending 31-Mar-2015.

The company’s management includes Dr.Desh Bandhu Gupta, Dr.K U Mada, Dr.Kamal K Sharma, Dr.Vijay Kelkar, Mr.Dileep C Choksi, Mr.Jean-Luc Belingard, Mr.Nilesh Gupta, Mr.R A Shah, Mr.Ramesh Swaminathan, Mr.Richard Zahn, Mrs.M D Gupta, Ms.Vinita Gupta, Dr.Cyrus Karkaria, Dr.Maurice Chagnaud, Dr.Rajender Kamboj, Dr.Sofia Mumtaz, Mr.Alok Ghosh, Mr.Alpesh Dalal, Mr.Debabrata Chakravorty, Mr.Divakar Kaza, Mr.Naresh Gupta, Mr.Pradeep Bhagwat, Mr.R V Satam, Mr.Shakti Chakraborty, Mr.Shamsher Gorawara, Mr.Sunil Makharia, Mr.Thierry Volle, Mr.Vinod Dhawan.

www.switch2life.com

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala (born 5 July 1960) is an Indian Investor and Trader. He is a qualified Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.
NET WORTH: USD 1.90 billion (Sep.2014)

www.switch2life.com

China Impact

By now we all can see the Chinese economy is falling apart. Will that affect us? Yes, What happens in China will have a massive impact on economies around the world, which means most stocks will get hit. We have to remember China is not Greece.
The China has continued to build high-end real estate in order to show GDP growth, but very few people live in these so-called ghost cities. (Same can be said about India in few years, if we realized it on time and learn from China now.)  The Chinese government has also banned short selling, temporarily halted IPOs, pressured state-owned banks to make loans to struggling businesses, allowed pension funds to invest up to 30% of their net assets in stocks, and temporarily banned company shareholders with stakes of more than 5% from selling. If these aren't desperate measures, what is?

If the Chinese stock market crashes, it means that the investors do not believe in a bright future for China's economy.  As people see their portfolios shrink, they might start selling stocks.  That may trigger more selling.  Another thing the Chinese might sell is gold.  And if gold prices fall significantly, there is a good chance panic would come to India as well because the Indians traditionally are holding onto a lot of gold.

But there are other views too, which elaborates Indian economy much stronger to survive such external stock. And we all should believe that but just trade cautiously. Having said that there is no need to get panicked either, rather it can be seen great opportunity to invest in companies which we use and hear about everyday. These are companies will be there for long time.

www.switch2life.com

Income Tax Slab for year 2013-14

This is an easy to use table of the latest income tax slab rate for individuals for year 2013-2014. It is per union budget 2013-2014 presented on 28 February 2013.

India Income tax slabs 2013-2014 for General tax payers and Women

Income tax slab (in Rs.)	Tax
0 to 2,00,000	No tax
2,00,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2013-2014 for Senior citizens (Aged 60 years but less than 80 years)

Income tax slab (in Rs.)	Tax
0 to 2,50,000	No tax
2,50,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2013-2014 for very senior citizens (Aged 80 and above)

Income tax slab (in Rs.)	Tax
0 to 5,00,000	No tax
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

- In addition an rebate of Rs 2000 will be available for income less than Rs 5 lakhs.
- Income above 1 crore to attract 10% tax surcharge.

www.switch2life.com

Income Tax Slab for year 2012-2013

India Income tax slabs 2012-2013 for General tax payers

Income tax slab (in Rs.)	Tax
0 to 2,00,000	No tax
2,00,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2012-2013 for Female tax payers

Income tax slab (in Rs.)	Tax
0 to 2,00,000	No tax
2,00,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2012-2013 for Senior citizens (Aged 60 years but less than 80 years)

Income tax slab (in Rs.)	Tax
0 to 2,50,000	No tax
2,50,001 to 5,00,000	10%
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

India Income tax slabs 2012-2013 for very senior citizens (Aged 80 and above)

Income tax slab (in Rs.)	Tax
0 to 5,00,000	No tax
5,00,001 to 10,00,000	20%
Above 10,00,000	30%

Tax Structure in India

Qus. : What are you doing?
Ans. : Business.
Tax : PAY PROFESSIONAL TAX!

2) Qus. : What are you doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!

3) Qus. : From where are you getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

4) Qus. : What are you getting in Selling Goods?
Ans. : Profit.
Tax : PAY INCOME TAX!

Qus. : How do you distribute profit ?
Ans : By way of dividend
Tax : Pay dividend distribution Tax

5) Qus... : Where you Manufacturing the Goods?
Ans. : Factory.
Tax : PAY EXCISE DUTY!

6) Qus. : Do you have Office / Warehouse/ Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!

7) Qus. : Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX!

8) Qus. : Doing business in Millions?
Ans. : Yes
Tax : PAY TURNOVER TAX!
Ans : No
Tax : Then pay Minimum Alternate Tax

9) Qus. : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!

10) Qus.: Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX!

11) Qus.: Are you going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX!

12) Qus.: Have you taken or given any Service/s?
Ans. : Yes
Tax : PAY SERVICE TAX!

13) Qus.: How come you got such a Big Amount?
Ans. : Gift on birthday.
Tax : PAY GIFT TAX!

14) Qus.: Do you have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX!

15) Qus.: To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX!

16) Qus.: Have you purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE !

17) Qus.: How you Travel?
Ans. : Bus
Tax : PAY SURCHARGE!

18) Qus.: Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX !!!


19) Qus.: Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY!

20) INDIAN :: can I die now ??
Ans :: Wait, we are about to launch the funeral tax!!! 

www.switch2life.com

Sector Funds

Sectoral funds are those mutual funds which invest in a particular sector or industry of the market, e.g. infrastructure, banking, pharma, information technology etc. They are also known as the thematic funds where investment is concentrated on only one industry or a group of industry. Sector funds are riskier than equity diversified funds since they invest in shares belonging to a particular sector which gives them fewer diversification opportunities. The idea is to allow investors to place bets on specific industries or sectors, which have strong growth potential.

These funds tend to be more volatile than funds holding a diversified portfolio of securities in many industries. Such concentrated portfolios can produce tremendous gains or losses, depending on whether the chosen sector is in or out of favor. Sectoral mutual funds come in the high risk high reward category and are not suitable for investors having low risk appetite.

Generally, mutual fund houses avoid launching sectoral funds as they are seasonal in nature and do well only in cycles. Since these funds focus on just one sector of the economy, they limit diversification and the fund manager’s ability to capitalize on other sectors, if the specific sectors aren’t doing well. Unless a particular sector is doing very well and its long term growth prospects look bright, it advisable not to trade in sector funds.

Sector mutual funds sometimes give 100% or even more return than the traditional mutual funds because at first business seem to gain huge profits and they also declare huge dividends to its share holders. As the business cycle works on the growth reaches its optimum and finally they start to bend down and that is when there is some amount of risk involved in it.These funds are concentrated in nature and they can produce tremendous amount of gain or loss depending on the sector in which the money is invested or according to the prevailing market conditions. A low profiled investor will not prefer this type of fund since there is a danger or huge losses. Few points that are to be kept in mind while in trading in sector funds are that the investment manager should have a very vivid knowledge about the industry in which he is going to invest.

www.switch2life.com

Income Fund

Income Fund is a type of mutual fund that emphasizes current income, either on a monthly or quarterly basis, as opposed to capital appreciation. Such funds hold a variety of government, municipal and corporate debt obligations, preferred stock, money market instruments, and dividend-paying stocks. Share prices of income funds are not fixed; they tend to fall when interest rates are rising and to increase when interest rates are falling. Generally, the bonds included in the portfolios of these funds are of investment grade. The other securities are of sufficient credit quality to assure a preservation of capital. There are two popular high-risk funds that also focus mainly on income: high-yield bond funds and bank loan funds. The former invests primarily in corporate "junk" bonds and the latter in floating-rate loans issued by banks or other financial institutions.

Income Funds in India provide to the investors regular income and also stability of capital. Income Funds in India usually invest their principal in securities of fixed income such as government securities, bonds, and corporate debentures. There are many mutual funds houses that have launched Income Funds in India. Income Funds in India usually invest their principal in companies that give high payouts of dividends and also in securities of fixed income such as corporate debentures, government securities, and bonds. The advantage of Income Funds in India is that it provides regular income to the investor either on a monthly or quarterly basis. Further the advantage of Income Funds in India is that it also provides stability of capital to the investor. Income Funds share prices are not fixed for they have a tendency to grow with the fall in interest rates and fall with the rise of the interest rates. The bonds that are there in Income Funds are usually of the investment grade. The other bonds are of such credit quality that they assure the protection of the capital.

Mutual fund companies that have launched Income Funds in India are:

• Prudential ICICI Mutual Fund
• HDFC Mutual Fund
• Reliance Mutual Fund
• Birla Sun Life Mutual Fund
• Franklin Templeton India Mutual Fund
• Tata Mutual Fund

www.switch2life.com

Index Fund

A type of mutual fund with a portfolio constructed to match or track the components of a market index. An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover. An index fund is a mutual fund that aims to replicate the movements of an index of a specific financial market. An Index fund follows a passive investing strategy called indexing. It involves tracking an index say for example, the Sensex or the Nifty and builds a portfolio with the same stocks in the same proportions as the index. The fund makes no effort to beat the index and in fact it merely tries to earn the same return.

Index funds first came into being in the US in the 1970s. In the US the research established the efficient markets concept which says that stocks are mostly priced accurately and that it is not possible to beat the market in a systematic way. Though a few actively managed mutual funds may beat the market for a while, it is very rare for active funds to beat the market in the long run.

Advantages of Index Funds: As per efficient markets concept index funds provide optimum returns in the long run. An index fund doesn't have to pay for expensive analysts and frequent trading. Index funds track a broad index which is less volatile than specific stocks or sectors, thereby lessening the risk for investors.

In the Indian market scenario index funds may not be the best option. The basic principle of indexing is - the more the number of stocks comprising an index the better is the diversification and price discovery. Indian indices like the Sensex (30) and the Nifty (50) cover a relatively small number of stocks and ignore many opportunities in the mid-cap sector. Also, unlike the capital markets in developed countries, Indian markets haven't been thoroughly researched and there is enormous scope to beat the market by sound research.

www.switch2life.com

List of Banks in India

LIST OF BANKS IN INDIA

Central Bank:

• Reserve Bank of India

State Bank of India & 7 Associates:

• State Bank of India

• State Bank of Bikaner & Jaipur

• State Bank of Hyderabad

• State Bank of Indore

• State Bank of Mysore

• State Bank of Patiala

• State Bank of Saurashtra

• State Bank of Travancore

Nationalized Banks:

• Bank of India

• Bank of Baroda

• Canara Bank

• Corporation Bank

• Indian Bank

• Indian Overseas Bank

• Punjab & Sind Bank

• Punjab National Bank

• Syndicate Bank

• Vijaya Bank

• Central Bank of India

• Allahabad Bank

• United Bank of India

• Bank of Maharashtra

• Andhra Bank

• Dena Bank

• Oriental Bank of Commerce

• UCO Bank

• Union Bank of India

Major Private Banks

• Axis Bank

• HDFC Bank

• ICICI Bank

• IDBI Bank

• Kotak Mahindra Bank

• Dhanalakshmi Bank

• Federal Bank

• Catholic Syrian Bank

• South Indian bank

• IndusInd Bank

• ING Vysya Bank

• Karur Vysya Bank

• Lakshmi Vilas Bank

• Yes Bank

• Centurian Bank of Punjab

• G.S.B. Bank of Commerce

• J&K Bank Ltd

Foreign Banks Operating in India:

• ABN AMRO Bank

• Abu Dhabi Commercial Bank

• American Express Bank

• ANZ

• BNP Paribas

• Citibank India

• DBS Bank

• HSBC

• Standard Chartered Bank

• Deutsche Bank

• Barclays Bank

And innumerable of Cooperative Banks

www.TheAmitabh.com