Tag Archives: A place for Indians to discuss and evaluate Investments

Have the graphite companies GRAPHITE INDIA and HEG peaked?

As per the current supply, the high demand for graphite electrodes would possibly continue for a good couple of years atleast. Both the companies have been posting record break results with EPS increasing every quarter.

However, the market is assigning a very low PE to both the companies. They're trading well below the global average.

At the time when I invested big in these two companies, GRAPHITE and HEG were trading at PE of 12 and 10. As of today, their PE stands at just 6.

I'm at a 5% loss right now. Not worried at all. It does look like an accumulation phase to me. Volume has been drying each day with falling prices. Delivery for GRAPHITE has been pretty good for the last few sessions.

Post your views.

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Is webull legit? how does it offer margin account which is illegal?

I heard webull offers margin for trading, but its illegal according to RBI?
I really wanna know before jumping into this…seems like a chinese company

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Post IL&FS Fiasco

  1. Does anyone have any idea which funds / fund houses are affected most by IL&FS credit event??
  2. Anyone here who is holding a debt fund that got really hard hit coz of this. Are you still holding it and whats your strategy moving forward?
  3. What do fund houses do when such credit event occurs? They just dump the holding at available options or how do they recover the looses?

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Want to screen stocks hitting 52 week high/low with some conditions

Every day, Economic Times publishes a list of stocks which have hit their 52 week high & 52 week low the previous day. I want the same list but filtered. Is there any screener which allows me to do that? I couldn't find a way in screener.in.

At the minimum, I want this list to be filtered by Market Cap.

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PF Withdrawal, how to go forward ?

im trying to withdraw PF online, but it seems i'm unable to decode the process. and had given up.

I am seeking guidance as how shall i go about this? i will be glad if anyone suggest any agent who can help withdrawing with minimal deduction, as honestly i'm very much confused about the whole process.

information available online are too confusing for a people like me to understand. some says 30% deduction some says 10% . some says aadhar card mandatory ( i don't have aadhar) some says we don't need.

i'm not worker working for the almost a year, and want to withdraw all of my PF, across last 6-7 companies. Everything is under one UAN, but i can see 5 different passbooks.

please guide me.

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Historical market data providers for NSE and BSE securities

Hello all – I am on the lookout for a market data provider that could offer tick by tick historical data for NSE and BSE securities. If not tick by tick then I am still okay with intervalized data let’s say a minute or below.

Thanks for your help!

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Bi-weekly advice thread December 17, 2018. All questions about your personal situation should be asked here

We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior.

The members of /r/IndiaInvestments are here to answer and educate!

NOTE If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer

  • How old are you?
  • Are you employed/making income?
  • How much? What are your objectives with this money?
  • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
  • What are you current holdings? (Do you already have exposure to specific funds and sectors?)
  • Any other assets? House paid off? Cars? Expensive partner?
  • What is your time horizon? Do you need this money next month? Next 20yrs?
  • Any big debts?
  • Any other relevant financial information will be useful to give you a proper answer.

Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions!

Previous Threads Links

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Does switching schemes within a fund house give me the same day NAV in the new scheme?

Pretty much what the title says. Suppose, I want to switch funds within the same house, will I be given the same day NAV in the new fund (according to normal cut off rules)? Does it matter if I am switching from different fund categories (ex debt to equity)?

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When should you go for an overdraft against FD?

They allow you to take 90% of your FD as credit and AFAIK banks don't charge a penalty to break FD. So why would you then pay an additional 1%(SBI) in interest when you can break your FD?

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Questions about Pivot Point

Pivot point uses historical price for intraday buy and sell, questions is That historical data is last day data or current data(5 or 10 min data of current session)

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Questions about pivto point?

Pivto point use historical price for intrday buty questions is That historical data is last day data or current data(5 or 10 min data of current session)

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Websites/tools/APIs for traders

I'm a software dev trading in equities and a little in options/futures. My big frustration is how hard it is to get different types of data – I use Moneycontrol, Screener and am thinking of trying Kite soon but really I need one place where I can see it all –

Company deep dives, financials, stock splits, buybacks, dividends and news (like Screener)

General market sentiment, open interest, most active stocks/futures like Moneycontrol

Big macro data and trends like SENSEX/NIFTY prices, RBI rates etc.

I cannot find one site to do it all. Is there a site or platform that provides all this?

If not full apps, are there data sources or APIs (paid is ok) that provide this data? Is it out there? At this point I am happy to write my own application and assemble the data from multiple APIs but I haven't even found any decent APIs so far.. still no clue on where Screener gets its data, or Moneycontrol gets theirs, or any APIs offered by banks or SEBI.

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Income Tax department taking long time to process ITR?

I had filled my returns in July-2018 and successfully e-verified.
Usually it would take 1 month for the status to change to ITR processed , but for this Assesment year it is still in e-verified state and not moved for last 5 months.

Anybody else having same issue?

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Notifying Home loan bank on Job change

Hi,

Please share any experience you might have on notifying home loan bank on job change.

Wondering what additional costs/charge we may incur and what's the experience with the overall process would be.

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Discussion thread for weekend of December 15, 2018 – What are you reading this weekend?

The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend.

Are you a starter in investing? Then, here is a list of recommended books:

  • Stocks for the Long Run, Jeremy Siegel
  • Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch
  • One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch
  • The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey
  • A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel

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Goldmoney India equivalent

Is there a good goldmoney.com equivalent in Indian market which you could recommend?

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Apparently, Robinhood sells trade information – do you think Zerodha can be doing the same?

I've been a fan of Robinhood & Zerodha for a while, but recently discovered some disappointing news – this article claims Robinhood makes money by front-running trades to High-Frequency-Trading firms like Citadel & Two Sigma.. This means that your trade info is passed on to these firms before your trade is executed – they can use it in many ways, including executing their order before yours is placed.

While there is no way of knowing whether they actually do this or not (assuming neither Robinhood nor anyone at these HFT firms will comment), it raises some disturbing questions around privacy, legality, and discount-brokerage business models in general, which I've thus far been a very big fan of.

Now in the Indian context, do you think Zerodha can be doing some variant of this? I mean, HFT isn't really that big in India, so not sure which firms would want similar data, but what has disturbed me is the knowledge that I have no idea what they officially can/can't be doing with trade data and client data. I understand that renewal of their various licenses from NSE/BSE (and SEBI?) is a seal of approval, and I'd like to continue trusting them, but any thoughts on what all is possible in this Indian/Zerodha context?

Tbh, the most disappointing thing about Robinhood was the lack of transparency – they disclosed this info to the SEC/regulator but didn't mention a word on their website – I'd be surprised to know if Indian laws require such disclosures to SEBI, and if this info is publicly available, hence the concern.

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SEBI has approved the formalisation of ‘side-pocketing’ in debt funds

https://www.valueresearchonline.com/story/h2_storyview.asp?str=46328

Here's what SEBI's board has said: The Board noted the proposal to allow Mutual Funds to create Segregated Portfolios with respect to debt and money market instruments subject to various safeguards. This facility will be available to Mutual Funds based on credit events.

What this means is that when a particular bond that is held in a fixed income fund suffers some kind of a 'credit event', meaning that there are doubts that the issuer company will be able to honour the obligation, then mutual funds can segregate those bonds temporarily and continue normal operations with the rest of the fund.

Here's an example. Let's say there is a fund with an NAV of Rs 20. Out of that fund's portfolio one particular bond suffers a 'credit event'. That bond cannot be sold at the moment and no fair and realisable market value can be deduced. The rest of the portfolio is worth Rs 18. In this situation, the mutual fund will segregate the fund into two portfolios. One with a realisable NAV of Rs 18 which the investors can redeem if they'd like. The other part is the side-pocket, which will temporarily be frozen till a realisable market value of the problem bonds can be arrived at.

Without side-pocketing, some investors can get a more-than-fair share of the fund's real value and some can get a less-than-fair share. If some investors redeem and others stay put, then those that get out of the fund may get a higher effective value than those that stay. With side-pocketing, the problem part gets frozen for everyone while the good part is available to everyone for redemption. The only other alternative would have been to freeze the entire fund, which is problematic because it causes a needlessly large disruption. Side-pocketing treats all investors–leaving, remaining and entering–equally, thus preserving the 'mutuality' of mutual funds.

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How reliable are the balance sheet numbers reported by companies traded on the exchange?

In particular, does the reputation of the auditing firm matter a whole lot, and should we take the numbers with a grain of salt? For example: under reporting of bad loans by banks.

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Completely new here. Could someone post links/books or anything which will give me an insight in Investing in India.

Just show me the path, I don't need spoonfeeding but I do need reading material/videos to understand the market and the various investment options. I'm way too confused right now and don't know how to start off.

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Please suggest a book/resource for studying differences between IFRS, US GAAP , IND GAAP and IND IAS.

Form a forensic accountant or hedge fund analyst view point. Thanks

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98% money is made in the market by being a bull: Rakesh Jhunjhunwala

Big bull Rakesh Jhunjhunwala, at the India Economic Conclave in Mumbai:

If the person who is investing in SIPs, gets 12% to 15% compounded returns, he is going to be very happy. I do not think there will be much volatility in the SIP flows. The path is only upward. 98% of the money is made in the stock market is by being a bull not necessarily a big bull but being a bull.

I would like Modi to be PM again.

I am BJP supporter and I will remain one. But the question is if some other government comes, it is not going to be the end of India because India is a responsible democracy and we have had no single government in power, party in power in parliament for the last 24 years from 89 to 2014. So it is not that the world is going to fall if a non-BJP government comes in. But I desire, wish, hope is that we have a BJP government.

More here

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1-2 years Debt fund

I have some surplus cash, I would like to park it in a debt fund, please suggest some good funds.

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Transfer from NRO to NRE

I need to move funds from an NRO to NRE account. Anyone know which CA’s can prepare the 15A/B form and what’s a reasonable fee for it?

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I would like to update my KYC, but I do not have the KYC number. Do I need a fresh KYC?

I had done my KYC while registering for Zerodha, so it's with CVL. When I log into the Karvy portal I can see that it says "KYC Registered" etc, but nothing against CKYC. In particular i have no idea what my KIN or KYC number is, there is no number mentioned on the emails from CVL. Now I would like to update my KYC through CAMS, would this count as a new registration? CAMS seems to require the KYC number on their form for updating the details.

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How trustworthy is P2P lending as an investment?

Most of the online P2P lending websites like lendenclub.com and faircent.com promise around 20% average return.

But they take no responsibility of the borrower defaulting. It basically invests on your own risk. China had a crash.

https://www.bloomberg.com/news/articles/2018-10-02/peer-to-peer-lending-crash-in-china-leads-to-suicide-and-protest

Is it then advisable to invest around 5% or something just to test this investment? Anyone here have any investment in P2P?

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A frustrated software engineer looking for help!

So here goes my current situation. I'm 27, unmarried and have 10Lakhs in hand. My salary isn't amazing (earns a decent 5 LPA) and I don't own any property/asset other than the house I live currently. Currently working in an IT firm, I'm tired of this corporate lifestyle and the thought of working in IT sector till 50-55 is killing me. Thinking of quitting the job and wanting to hit FIRE by 35 -38 and do some offbeat/less stressful jobs like teaching small kids/ become a librarian/anything similar to this. My goal is to have 1Cr by 35-38 thereby reaching FIRE but I have no clue whatsoever on how to convert this 10L to 1 Cr in a relatively short span of 9-10 yrs. Can someone guide me on how to invest the 10L so that reach my FIRE target or is it virtually impossible to achieve my goal with the current salary?

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Why does SBI small cap portfolio have a 5.15% holding in HDFC bank?

How is HDFC bank a small cap stock?

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Is it ok to take online term insurance plan from a company if that company has no office in my hometown?

I might go back to hometown in the next few years. Should I buy term plan from only those companies which have an offical office in my town?

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Any suggestion for good liquid, debt fund to park the money till I decide where to invest for equity investment?

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