March 2019

Mirae Asset tax saver fund - direct - growth - Best ELSS fund for tax saving 2019 under section 80c


ELSS is perhaps the best option to invest when it comes to take the section 80c benefits, since the lockin period is limited to just 3 years in comparison to longer periods, if it's a FD or EPF or NSS. Not just that, the returns too, will be any day higher for a 3 year and beyond term for sure. 


Best ELSS fund for section 80cMirae Asset tax saver on the other hand has performed exceptionally well giving more than 20+% returns over 3 years, which is way better than most other similar funds within ELSS funds. 

Best ELSS fund for section 80c
Do note that once invested, you will not be able to liquidate till a 3 year lockin period completion under any circumstances. So, invest only for an amount that you can afford to lockin for that time.

One can easily buy this ELSS fund or any other MF's (all Direct & for FREE) from GROWW - BUY DIRECT MF's FREE! 

If you need to know the difference between Direct and Regular MF's, check out our post Direct Vs Regular Mutual Funds 

Let us know your opinions on this option or if you have any other questions/queries.










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Why you need to avoid Indian Banking and Financial stocks [2019]


1. Total NPA's (bad debt's/Loans) has crossed 10 LAKH CRORES as on 31st March 2018 (i.e, this data is as of almost a year back!)
2. Worst affected are Nationalized public sector banks like SBI, Bank of Baroda, PNB and few others.
3. Private sector banking frauds like ICICI, Axis, YES Bank that have sprung up is also a cause of concern.
4. DHFL fiasco (not proven in courts of law)  have again exposed public sector banks vulnerability.
5. NBFC's like LIC's exposure to ILFS.
6. Under reporting of bad debts by media ex: like in the case of Winsome diamonds amounting to 7,000 crores. God knows how many more are buried deep!


If the above is not enough, we are awaiting the balance sheets of PSU's which will be public by the financial year end (from April onwards) which will clearly reflect the state of affairs of Indian banking sector.

Adding salt to injury, instead of bailing out the banks by stringent recovery, they are being asked to do loan waivers [including NBFC's like LIC (exposure to ILFS)].
One thing that has to be noted here is in NBFC's like in LIC, the money involved is that of the general public - and it's all notional. What it means is, if there are 90 crore policy holders, not all will claim their policies except for a small fraction. This is like a bubble waiting to burst anytime soon. 

The very recent DHFL fiasco has sent jitters among investors, with the stock crashing from Rs.600 to Rs.130 in recent times.

Do not wait for the sector to fall, be proactive and take adequate measures to safeguard your investments. 

Investing in good performers has also turned risky, Vijaya Bank which boasted of the lowest NPA in the industry is now being merged with Bank of Baroda which had come close to liquidation owing huge bad debts. Once the balance sheets are amalgamated, the performing banks balances sheet is also bound to get affected and will thereby affect it's stock price in the coming months. 

BFS has the biggest share of Market cap in the National & Bombay stock exchange. 
Once Mutual Funds and DII investors factor in and pull out their investments, it is very wise to stay out of BFS stocks or come out of existing investments if very huge. THIS IS A TIME BOMB WAITING TO EXPLODE...
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UPSTOX PRO: BEST DISCOUNT BROKER 


With its unique free equity trading & discount broking for Intraday and F&O, combined with industry-leading web and mobile user interface, Upstox Pro (or simply Upstox) is probably the best discount brokerage service that caters to both beginners to trade punters.

Upstox has one of the best trading platforms, especially for traders and combined with its discount brokerage offering, it is one of the best online stock brokerages in the country. It offers free equity delivery and Rs.20/- for Intraday and F&O. One can trade on a variety of instruments such as equity, commodities, future and option, currency, mutual funds (regular:-(), using their web or mobile trading apps.

Open an Upstox account today and get started in 24 hours!

http://upstox.com/open-account/?f=N0ZY   

Web Application UI: with its distinct default dark background, the web UI is very responsive and easy to use, the charts with popping colors makes it easy to interpret. The app can be set and customized with different studies and technical indicators. The whole experience is very visually appealing and gives a very professional feel, something very similar to what trading platforms in the west have to offer.
Free Demat account offer + moneycontrol pro subscription

The Upstox mobile app is very responsive and perhaps one of the best trading apps in India at the moment.
One can access all the options on the app, that which has been configured on the web login! i.e, once you login to the mobile app, it syncs the settings from the web and all your watchlists, portfolio (of course), most importantly the chart settings, etc is all synched seamlessly and vice versa.


Upstox offers paperless account creation if you have your aadhaar properly linked to your primary mobile connection. Just have ur id's, banking info handy and you can set up the account in minutes and your account gets activated in less than 24 hours (not sure how much it takes on weekends).

Also, it has one of the best tools for the intraday trader in you! Upstox features ONE CLICK TRADE which is by far the most convenient ways to do intraday trading, you just enter the qty to be bought/sold and then hit buy/sell to execute the order! very handy especially for day traders who are behind short trades with high volumes.


Another outstanding feature of Upstox is that it offers tools for F&O traders as well. There are various strategies that F&O traders use, and Upstox is all geared up to offer that to its subscribers.

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Direct vs Regular MF's: Which is best?


Regular MF's are those which are sold to customers via intermediaries and hence receive a commission from the MF House (usually around 1% of NAV).

Direct MF's are those which one buys directly from the MF house site, or from a 3rd party who is selling Direct MF's (either free/at a nominal transaction fee - but not commission). Since there is no intermediary involved, there is no question of any commission being paid by the MF house for the sale.
Purchase Direct MF's from different fund houses under one login for FREE. https://bit.ly/2Cd56Tk

Differences between Regular and Direct Funds:

1. NAV of Direct funds is always higher than a Regular Fund!
2. The AuM (Asset under Management) or simply the Funds collected from clients is always higher in Regular funds vs Direct funds - this goes to say that most investors are lured towards regular funds without them even knowing of the difference between the two
3. Most Direct funds would have begun at a much later date (some times years later) when compared to a Regular Fund! - this means that the same MF has given more returns with much lesser investment


How to recognize:

Easy, Every MF has the suffix Regular/Direct at the end of the naming nomenclature. Sometimes, abbreviations are used such as Reg/R for Regular and Dir/D to indicate Direct funds. But what if you happen to purchase from a place that only offers Direct MF's? chances are that they might not specify whether it is Direct/Regular since they might only deal with Regular Funds in the pretext of offering MF's from multiple houses under one login without any transaction charges! Here, since they simply don't offer Direct funds, and hence they don't specify or add a suffix at the end to indicate if it is Direct or Regular. So the customer ends up purchasing Regular funds all the time. Here the seller gets a commission from the MF house for the sale.

One such Regular MF portal is Funds India: Here they offer only Regular Funds from various fund houses and thus are entitled to receive a commission from the fund house. So, buying MF's from here will only result in acquiring Regular funds, but the advantage is that one can purchase funds from all MF houses under one single login and is a hassle free experience.

But times have changed, and now there are companies with different business models who have come up to offer Direct mutual funds, all under one login and FREE of any transaction charge!
GROWW is one such place. Here you can purchase Direct MF's from different fund houses, under a single login. check out the link:
https://groww.app.link/VN6BkpBf6M


GROWW claims that you can earn upto 1.5% extra by buying direct mutual funds as compared to buying regular funds.

using GROWW app
Direct Mutual Funds from different fund houses
GROWW direct mutual fund app


GROWW Mutual funds app for android and iOSGROWW has become India's fastest growing Direct Mutual Funds app with more than 1 Million users. https://groww.app.link/VN6BkpBf6M
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