General Trading Chat

[Smart_trade]

Sir which MF to invest in? There are so many mutual fund houses. Which is good how to understand? Please name some good mutual fund houses and plans for very long term. Also what will happen to the fund if a fund house shuts its door?

The choice of Mutual Fund depends on investor risk tolerance.For very conservative investors they can invest in debt funds.For little risk tolerance investors,they can go for balanced or balanced advantage funds...for more risk tolerant ,they can go for large cap funds and for high risk tolerant they can invest in mid and small cap funds....more the risk, more the potential rewards.

Mutual Fund does not shut suddenly....SEBI makes other Asset Management Companies to take over the Fund which wants to close the business....the NAV may come down but if does not vanish in thin air like Chor companies....SEBI has a very tight control on mutual funds.....

You can use advisorkhoj.com site to decide about funds which will suit your risk tolerance and also based on their past performance...

ST

 

[timepass]

Today the INR fell down, maybe because of the bad IIP data. Maybe tomorrow it will bounce back because of the favorable inflation data.

Retail inflation slows to 18-month low of 2.19% in December

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

 

[siddhant4u]

alok verma was reinstated by SC citing irregularity in firing him. So PM chaired a selection committee and fired him legally. as a presidential medal holder and Director of CBI I doubt he would take 'just' 2 Cr bribe. Isase jyada to highway contract pass karane wale le lete hai. There must be more to the story.

There's always more to story...

https://www.hindustantimes.com/indi...case-to-die/story-ltFMizccAczli2l6kLx8pI.html

A controversy broke out over Justice AK Sikri getting a government offer last year for a post-retirement assignment at the London-based Commonwealth Secretariat Arbitral Tribunal (CSAT), three days after his vote decide the removal of Alok Verma as CBI director.

 

[timepass]

TaMo (spot) has open high of 183.30, may give a good short later on.

JSPL (fut) just now broke its open high.

 

[timepass]

Infibeam heading towards 10% upper circuit.

Any news here ?

 

[timepass]

Infibeam heading towards 10% upper circuit.

View attachment 32754

Any news here ?

...and now towards 15% circuit. Looks like heading towards 50 today.

 

[timepass]

https://www.livemint.com/Money/0wAm...ecurities-loses-its-retail-broking-crown.html

Q3 results: ICICI Securities loses its retail broking crown

 

[Sanjay chanda]

gd morning

 

[Smart_trade]

News channels are reporting that Govt may increase the tax exemption amount to Rs 5 Lacs.....if this comes true, then along with 80C ,80D and other concessions, it will be possible to earn Rs 7-7.5 L per annum income and not pay any income tax......if one devides the income in 2-3 family members, then upto 15-17 L per annum one can adjust legally without paying income tax.

Govt's thinking is seen from the fact that for 10 % reservation, family income limit is kept at Rs 8 L.

Smart_trade

 

[timepass]

News channels are reporting that Govt may increase the tax exemption amount to Rs 5 Lacs.....if this comes true, then along with 80C ,80D and other concessions, it will be possible to earn Rs 7-7.5 L per annum income and not pay any income tax......if one devides the income in 2-3 family members, then upto 15-17 L per annum one can adjust legally without paying income tax.

Smart_trade

Yes, been hearing that since last 2-3 days. Election budget goodies