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Free Intraday Trading (FIT) By Kotak Securities


wealthymattersThe Indian stock markets comprise of 50-60 lac active traders/investors, some 20% of whom are self-directed traders who don’t use the services of dealers to buy and sell. Moreover, day by day, self-directed traders are increasing in the stock markets and intraday trading is a substantial part of their trading. In FY17 the self-trading segment grew from 21% to 29%.And brokerage cost per trade is the most important consideration in short term trading.

A while back, the full services, Kotak Securities came up with the Happy Day scheme, which is zero brokerage day once a week for all customers. This gave the company a spike in market share. Intraday average volumes went by 1.96 times ,of which self-trading volume went up by 1.24 times. Also from a regular day market share in cash segment of 4% their happy day market share rose to 6.16%. Given, the success of this scheme, and the fact that market surveys show that  a third of the active traders currently in the stock market would like to switch brokers and their new choice of broker is most largely influenced by brokerage costs, Kotak Securities has now launched a new scheme called Free Intraday Trading (FIT). Read more of this post

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Whiskey As An Alternative Asset


wealthymattersOlder than income tax ,consumed in almost every country in the world today,simple commodity blending whisky ,still in the barrel, traded and held inside Scottish warehouses ,with no VAT tax or duty to pay is an alternative asset, which has consistently beaten almost all major financial markets year after year. Over the past decade, maturing Scotch whisky has outperformed the UK stock market, dividends included and paid better returns even than London property.

These returns from maturing Scotch whisky, still in the barrel, have also been remarkably steady.Since the financial crisis began a decade ago, barrelled whisky has never returned less than 60% after all costs when sold at six years old. It has never paid less than 108% at eight years old, and never paid less than 190% at 12. Read more of this post

The Edelweiss Mobile Trader For Ready Reference


The EMT/Edelweiss Mobile Trader is the India’s highest rated stock market app. Its got a 4.4 Google app rating. And I’d say its well deserved. Its fast, clean and has a contemporary feel to it and packs just about all the information you could want in one place. I simply love it.

An iOS version, rated 4.3 is also available for Apple aficionados.

What are the truly fab features of this free trading app?

1.)For one, you the user,always have access to real-time streaming quotes ,both NSE and BSE, and can track your watch list, monitor the  markets and track your holdings,even if you aren’t logged in. And there is none of the 2-3 seconds lag found in most comparable apps.

2.)Then again you can can track and trade across Equity, Equity Derivatives, Commodity, Currency Derivatives, NCDs, Bonds, Debt and e-SIP across NSE, BSE, MCX and NCDEX, all in one place. This is not something you can find being offered by all brokerages ,all in one place, with a single log-in. Certainly my current service provider doesn’t.

3.) Next you  can see the Top Gainers & Losers, Most Active, 52 Week High & Low, Volume Buzzers, FII DII Flows, Sector Performance, Roll Over Analysis, Option Chain, etc. details all in one place in a concise and easy to locate manner.

4.)If day trading is your thing,this  app also offers users live, tick-by-tick intraday charts to help you take the right decisions on the move. Read more of this post

Related Party Transactions


wealthymatters

Here are the details of this corporate-banker nexus outed by ICICI Bank and Videocon investor Arvind Gupta.

Gupta’s curiosity was aroused by a 10 per cent coincidence he noticed in ICICI’s loans to Videocon group companies and foreign fund inflows into husband Deepak Kochhar’s firm NuPower Renewables.

NuPower Renewables was originally founded as a 50-50 JV between the Dhoot family and the Kochhar and Advani families .Chanda Kochhar’s brother is Mahesh Advani. Read more of this post

Financial Year (FY) And Assessment Year (AY)


wealthymattersThe financial year is the period between 1 April and 31 March in which you earn an income. Assessment year is the following year in which this income is assessed and taxed.Income is earned in FY and taxes on that income is paid in AY.

Financial year (FY) in Hindi is called वित्तीय वर्ष and assessment year (AY) in Hindi is called निर्धारण वर्ष.

Both AY and FY begin on the 1st of April and end on the 31st of March.

Since income for any particular financial year is evaluated and taxed in the assessment year, income tax return forms have AY. Read more of this post

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