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Health Insurance

Health Insurance Plans Available to Senior Citizens in India

Senior citizens became more susceptible to illness during the pandemic due to their lower immunity and strength. Health insurance for older folks is always there to help them when nothing else can. Medical insurance for the elderly is a vital duty. Everyone must take care of their ageing parents or other older adults at home. You must help your aged parents live out their glory days tastefully. A health insurance plan for parents might be the best gift one could give their parents as they age. Anyone over the age of 60 can choose medical coverage for parents. [B-01] What Exactly Is a Senior Health Insurance Policy? Health insurance for senior citizens is a health insurance plan that protects those over 60. The plan helps relieve older adults’ physical and monetary hardships in the case of illness or confinement. This sort of senior citizen health insurance policy provides monetary help for medical services for the elderly. It can also be purchased as a single or family floating basis. Why Should Senior Citizens Get Health Insurance Online? Convenience As the digital surge hits India, many new options have come up. One of them is getting health insurance. You don’t need a lengthy introduction; all you have to do is tap the mouse! Buying health insurance for senior citizens digitally provides unparalleled ease. Payment Methods that are Safe Why rely on cash or checks in an age when the world is going contactless? As new systems arise, internet payments are now the safest way to convert. Pay safely using a debit/credit card/ net banking. Obtain a Quick Policy Paper You do not have to rely on the insurance paperwork to come via the mail network with online payments. Also, there is no need to worry about the paper’s security. When you make the first payment, you will receive the policy paperwork via mail. Everything is at Fingertips Grab all of the policy data, as well as much more, in one spot. Bajaj Health Insurance provides all the papers related to your policy. You can also use healthcare phone applications to reduce the need to hunt for them in multiple files and emails. The app allows you to track your calorie usage and BMI. Policy Issue and Quick Rates Would users want to modify the design or add or delete a member? Instead of relying on someone to provide long lessons, choose the online option, which is easily accessible. Best Plans for Health Insurance for Senior Citizens in India 2022 There are many health insurances for senior citizens available in the market. Bajaj Health Insurance has compiled a list of five senior-person medical care plans to aid buyers. Health Insurance FirmPlans for Health InsurancePlan ProsCare Health InsuranceCare SeniorCosts for in-patient care.Costs for both pre- & post-care.Costs for ambulances.Costs for residing.Costs for organ donors.Future General Health InsuranceVarishta BimaCosts for in-patient care.Costs for pre- & post care.Costs for a road ambulance.Day-care services.Ergo, HDFC General InsuranceSuraksha: My HealthCosts for in-patient care.Costs for pre-care & post-care.Costs for organ donors.Access to the insured sum.Ergo, HDFC General InsuranceOptima RestorativeCosts for in-patient care.Costs for pre- & post care.Day-care costs.Costs for a road ambulance.Costs for in-home care.Star Health and Allied Insurance CompanyThe Red CarpetCosts for in-patient care.Costs for pre- & post care.Day-care costs.Costs for ambulances.Examine health. Senior Citizen Bajaj Health Insurance When it refers to old age, one major issue that comes to mind is wellness. In old age, people are more likely to be harmed by various ailments, which raises their costs. To avoid such problems, pick a health insurance policy that covers older folks. The Bajaj Family Floater Health Guard coverage will hardly allow the elderly to save money on healthcare. It will allow them to receive the best possible care. Vital Factors The sum insured is between Rs. 1.5 and 50 Lakh. There is a lifelong lift-back choice offered. Post-care coverage is available for 90 days. Pre-care coverage is available for 60 days. Every 3 years, the insurance provides free preventive care check-ups. The recovery of the covered amount is usable. A copayment reduction of up to 20 percent is given. Clients will receive a 4% discount for the first two years when getting long-term insurance. And an 8% discount for the third year. Extent of Coverage Daycare services and methods are discussed. Due to the tidy offer form, no medical checks are required for the first 45 years. Ayurvedic and homoeopathic cures are covered. 10% annual bonus gain for each year without a claim, up to 100%. The plan covers costs paid during the recovery period. Ambulance expenses are covered up to a policy year maximum of Rs. 20,000. This policy also covers gastric surgery. Why Do Senior Citizens Need Health Insurance Plans? Health insurance for senior citizens may help bring peace of mind to a senior citizen. In such a case, a health insurance policy covers the costs paid by a person—aged 60 or over—for medical care. A critical illness might be any phase of a tumour, heart disease, stroke, etc. The risk of being afflicted with a critical illness rises with age. An old health insurance firm can provide coverage for a declared severe disease. The senior citizen’s medical insurance coverage provides a free medical check on an annual basis. Yearly preventive care check-ups are part of health insurance for senior citizens’ plans. [B-02] Conclusion Due to their old age, the elderly require greater medical care. A senior adult can gain from an old age health insurance policy. The retiree insurance policy pays for medical outlays made by someone at least 60 years old. Someone’s parent’s unexpected stays for surgery can be financially and mentally stressful. A retiree’s health insurance coverage might assist anyone in preparing for medical bills. Users can learn more about health insurance policies and many other topics on the Piramal Finance website. Find authentic and personalised information on financial products and services, including personal loans and financial calculators.
08-11-2023
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How To?

SIP Investing Guide For 2023 – How To Plan Your Systematic Investment Plan

In SIP, you periodically invest a small sum of money into the chosen mutual fund of your choice. However, before you start investing into one, you have to deeply understand it, so that you can make the best judgement. At the end of this article, you will be able to figure out the best SIP plans to meet your needs. Suppose you already have financial weaknesses like private loans, business loans, home loans, etc., to repay. In that case, a high inflation period may hinder your financial position. You can, however, prevent such crises with a Systematic Investment Plan (SIP). SIP permits you to scan your fund’s performance from time to time. SIP Plans are advantageous as they allow you to invest in a fund in periodic instalments. After understanding them, you can decide how to fund the best SIP plans. However, you must be cautious with fund allowance as it is a vital step in SIP investment. Rather than investing in too many funds, invest only in three to four funds that have consistently served well over the past years. In the start, it is vital to build a well-diversified as well as a balanced portfolio. [B-01] How much should you invest in a Systematic Investment Plan / SIP plan? SIP plans in India are a big question for everyone. Yet, it is also vital to know how much you should invest in a SIP. You should invest at least 50% of your capital into equities in the abovementioned investments. It will guarantee you a total return over some time. But, for that, you have to be patient. It would help you to remember that capital market assets are always associated with some share of risk or volatility. And this may impact your returns. If you keep rolling out the reserves, you enter into new investments whenever the market sees a downfall, which will only raise your expenses.SIP plans benefit both market cycles- during gains and losses. Are you wondering how this happens? A balanced portfolio guarantees your return to be more than the money you invested at the end of your funding period. Therefore, it is vital to stay put and never shift from your goal of long-term savings for the future. Finding the best SIP for investment will help you row through the challenging course. How to set your SIP goals? The goal of a SIP plan is to guarantee that your portfolio gets the vital risk profile, along with a good diversification across asset classes. You can easily check out all mutual funds in India and their recorded returns through a simple Google search. Make sure that the mutual funds you choose meet the following criteria: The total corpus, or the investment size, of the mutual fund, is immense. INR 500 Crore is a good consideration point. Of course, significant mutual funds do not have INR 500 Crore investments. Still, this is an excellent general thumb rule if you’re a newbie. The lock-in period for a mutual fund should be for at least five years (the longer, the better). Always select a reputed and trustable fund house. Several fund houses in our country, such as Reliance, HDFC, SBI, Birla Sun Life, etc., offer the best SIP for investment. So, choosing any one of them will be a sound judgement. Steps for how to invest in SIP Now let’s know in detail the steps to invest in an SIP plan. Step 1- Understand your risk need and the goal of the investment You will have to raise your risk hunger if you want higher returns. After setting your risk tolerance, it is vital to understand why you want to invest. But before that, you must check the best SIP for investment. Step 2- Pick a mutual fund for your asset You can pick from varied mutual fund plans present in the market. However, the choice of funds should be based on your risk profile and the individual financial goals you want to gain through SIP investments. The fund’s rendition in the past few years should also be considered when picking the funds. Step 3- Pick a date for SIP Under a SIP, your cash gets auto-debited from your bank account. It is vital to pick a particular date when it is suitable for you to pay. Most mutual fund firms propose the following dates for the investors to choose from- 1, 5, 10, 15, 20, and 28. Step 4- Select the duration of your SIP plan Investment in a mutual fund through a systematic investment plan (SIP) is the best and most suitable way to fulfill your financial goals. You can opt for a short-term investment, but it is advisable to invest for at least five years, if not more, to reap the better returns from your investment. Step 5- Decide the best way to invest in SIP You can invest in Systematic Investment Plan (SIP) either online or offline. The best part of this is that it permits auto-debit of the sum of money into your funds. So, there is no requirement to transfer your funds manually to your SIP account. [B-02] Conclusion Never leave your investment midway. You must check for the best SIP plans before investing your money and go all the way. And don’t worry about the future, we have already mentioned how no investment is better than a Systematic Investment Plan. A financial expert like Piramal Finance can help you with applying for a personal loan and managing your finances swiftly. The team of experts will help you make the best decisions for your investment plan to have a burden-free life. Unleash a financially secure future with us now!
08-11-2023
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Top Equity Mutual Funds In India 2023

Have you ever thought of early retirement? Or are you planning to buy a car or go on an international trip soon? Then why not make your money work for you by investing it and fulfilling your goals sooner? Now, you must think investing in shares can be risky because you don’t know much about shares. Don’t worry. Start by mutual fund investment with your hard-earned money. You’ll be making a smart decision if you invest in top equity mutual funds in the country. These investments will help you build wealth by beating the inflation rate in the long run. But, first ensure that they’re profitable and working well in the market. Before we reveal the best mutual funds to invest in India, let’s explain how they work. You’ll be able to make a better decision this way. [B-01] How do Mutual Funds Work? A mutual fund is an investment in which plenty of investors pool their money. It is a collective fund of several investors. They buy financial instruments like stocks and bonds. The pooled money is further invested in many companies. As one of the investors, you’re entitled to all the profits and losses made with the help of that mutual fund. The money will go into stocks when investing in top equity mutual funds. But consider giving your investment at least 5-7 years for capital appreciation. Factors to Consider for Mutual Fund Investment While choosing the best mutual funds, there are some factors that you need to consider. These are: Performance of the Fund: Check how well the particular mutual fund has performed in the last 3-5 years. It should be consistent and meet its objectives. Net Asset Value: Consider a scheme that has a reasonable market value per unit. Expensive funds can also give lower returns. Funds having a lower cost might have more growth opportunities. Expense Ratio: Check that a professional mutual fund manager charges a 1%-2.25% margin only. According to SEBI guidelines, 2.25% is the largest percentage that can be charged. Exit Fee: Some funds may charge you if you withdraw your investment at a premature stage. Do check that before confirming your investment withdrawal. Investments Under Management: Check if a mutual fund scheme already has too many internal investors. Investing in mutual funds of such companies could become hard. Professional Experience: The fund manager must be experienced enough in the industry to guide you in the right direction. Top Equity Mutual Funds of 2023 Now that you have a basic idea of what to investigate, let’s take a look at some of the best mutual funds to invest in: Canara Robeco Bluechip Equity Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: Rs. 42.29 Return in the Last 10 Years: 14.65% Expense Ratio: 0.42% Exit Fee: 1% if redeemed within a year SBI Bluechip Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 65.1677 Return in the Last 10 Years: 14.54% Expense Ratio: 1.59% Exit Fee: 1% if redeemed within a year UTI Nifty 50 Index Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 121.4488 Return in the Last 10 Years: 12.63% Expense Ratio: 0.3% Exit Fee: 0% HDFC Index Nifty 50 fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 167.847 Return in the Last 10 Years: 12.60% Expense Ratio: 0.4% Exit Fee: 0.25% UTI Mastershare Unit: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 191.8109 Return in the Last 10 Years: 12.74% Expense Ratio: 1.71% Exit Fee: 1% if redeemed within a year DSP Nifty 50 Equal Weight Index Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 16.5755 Return in the Last 10 Years: 8.46% Expense Ratio: 0.88% Exit Fee: 0% ICICI Prudential Bluechip Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 69.85 Return in the Last 10 Years: 14:30% Expense Ratio: 1.63% Exit Fee: 1% if redeemed within a year Kotak Bluechip fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 384.84 Return in the Last 10 Years: 13.14% Expense Ratio: 1.8% Exit Fee: 1% if redeemed within a year Nippon India Large Cap Fund: Minimum Investment: ₹ 100 NAV as on 5th May 2023: ₹ 56.8551 Return in the Last 10 Years: 14.96% Expense Ratio: 1.78% Exit Fee: 1% if redeemed within a year ICICI Prudential Nifty 50 Index Plan: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 178.0889 Return in the Last 10 Years: 12.58% Expense Ratio: 0.34% Exit Fee: 0% IDBI India Top 100 Equity Fund (Growth): Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 40.49 Return in the Last 10 Years: 13.6 Expense Ratio: 2.42% Exit Fee: 1% if redeemed within a year Aditya Birla Sun Life Frontline Equity Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 350.63 Return in the Last 10 Years: 13:38 Expense Ratio: 1.57% Exit Fee: 1% if redeemed within a year Nippon India Index S&P BSE Fund Sensex Plan: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 30.47 Return in the Last 10 Years: 12.44% Expense Ratio: 0.75% Exit Fee: 0.25% Tata Nifty 50 Index Fund: Minimum Investment: ₹ 5,000 NAV as on 5th May 2023: ₹ 110.6274 Return in the Last 10 Years: 12.32% Expense Ratio: 0.52% Exit Fee: 0.25% [B-02] Which One Will You Go For? We’ve listed some of the best mutual funds to invest in. But, before you go for your mutual fund investment, you must go through its performance in detail. Also, do keep in mind your budget and long-term goals. Don’t choose something for being on the list of top equity mutual funds. Piramal Finance is an online platform allowing you to learn everything you need to know about mutual funds investments. For informative blogs about personal loans, credit cards and financial management, visit our website!
08-11-2023
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Tax

Section 80c: Income Tax Deduction Rules You Must Know

Section 80c of the Income Tax Act has a significant advantage. It allows you to claim tax rebates on investments. You can claim a tax deduction of up to ₹150,000 especially applicable to individuals. Companies, LLPs, or partnership firms are not eligible for this. It is sometimes not easy to calculate individual tax. This guide will help you do that. Let us check the sub-sections of 80c. [B-01] Tax Deductions You Can Avail Under 80c Sub-Sections Subsection Tax Deductions Things to Know Section 80CCC It is use for annuity pension plans. Tax deductions are possible in this section. It includes the purchase, renewal, or continuation of policy. The section is applicable for pension or periodical annuity. Individual taxpayers are eligible for this section. Section 80CCD It is use for central government pension schemes. The Atal Pension Yojana is one of the schemes in this section. The monthly amount is receive from the National Pension System. Accounts surrendered are taxable in this scheme. The deduction amount should be lower than 10% of the Salary for individual taxpayers. Section 80CCF Individuals & HUFs can claim deductions in this section. Deductions are applicable in a few aspects. Tax savings and infrastructure bond investments are some of them. The maximum Deduction is ₹20,000. The investments have a pretty decent interest rate. The tax benefits are good, too. Section 80CCG This is an excellent choice for people interested in the market. It is for individual investors in the equity market. It applies to first-time buyers only. The gross total income must not exceed ₹12,000,00 per year. The maximum Deduction is ₹25,000. There is a limit on investments, which is ₹50,000. There is a 50% deduction available in this section. The lock-in period is 3 years. Investments & Expenses Eligible for Under 80c Deduction Unit Linked Insurance Plans (ULIP) ULIPs combine life insurance coverage and investments. A part of the premium goes towards life insurance and rest invested in equities or debt instruments. The lock-in period is 5 years. Tax-free options include investment payments up to ₹150,000 per annum. You can also get withdrawals and maturity amounts tax-free. Proceeds are taxable if the annual premium exceeds ₹250,000. ULIP allows you to switch among different investment portfolios. These include equity, debt, and balanced portfolios. These insurance plans are useful for many things. You can save for retirement. You can plan your children’s education. ULIPs are also useful for creating wealth. Life Insurance Premiums The minimum holding period for these premiums is 2 years. Premiums of self, spouse, or dependent children for tax deductions. Policies for parents or parents-in-law are not eligible for deductions. The maximum investment in a financial year is ₹150,000. Public Provident Fund (PPF) Contributions made towards PPF are tax deductible under 80c this is one of the most popular options. Resident Indian nationals are eligible for this fund. There is a more extended lock-in period for PPF, which is 15 years. Investment payments, maturity amounts, and interest are tax-free. The funds can be use for long-term savings. You may plan for a child’s wedding. You can secure your retirement with this scheme. PPF is also helpful in wealth generation. Tax Savings Fixed Deposit Banks and Indian post offices allow you to open Tax Saving Fixed Deposits. They have higher interest rates than regular deposits. The deposits are tax deductible. The lock-in period is 5 years. The interest earned in this deposit is taxable. You can invest a maximum of ₹150,000 in a financial year for tax-free plans. Employees Provident Fund (EPF) EPF is a vital scheme. The retirement scheme is available for all salaried employees. You are eligible after five years of service. The employer or the individual opens the account. The employer and employee must contribute 12% of the basic Salary + D.A. if the Salary is above ₹15,000. Employer’s contribution is not suitable for tax deduction under 80c. It is tax-free. EPF allows you to save a portion of your wages. Employee’s contribution for up to ₹150,000 in a financial year is eligible for deductions. Equity Linked Savings Scheme (ELSS) You can invest in ELSS Mutual Funds this will help you claim the section 80c Deduction. The lock-in period is 3 years. A maximum investment of ₹150,000 in a financial year is tax-free. National Savings Certificate (NSC) NSC is one of the most popular tax-saving schemes. The central government offers it to Indians. The tax is deductible under Sub-Section 80CCD. You can choose the lock-in period. It is 5 years or 10 years. A maximum deposit of ₹150,000 in a financial year is tax-free. An additional contribution of ₹50,000 is deductible under Section 80CCD (1B). Senior Citizens Savings Scheme An individual above 60 can opt for SCSS. If you choose the Voluntarily Retirement Scheme (VRS), you can invest in SCSS after age 55. The lock-in period is 5 years. You can extend the lock-in period by another three years. A maximum deposit of ₹150,000 in a financial year is tax-free. Sukanya Samriddhi Yojana Significant savings scheme. It is mean for girls’ education and wedding needs. The parents of the girl child can open this account before the girl child turns ten. You can open accounts for two girls. If twin girls are in the second birth, you can claim an 80c deduction for all three girls. There are tax exemptions in this scheme. Interest earned and proceeds received upon maturity/withdrawal are some of them. Good scheme for parents as it offers peace of mind. It helps plan for the child’s future. It is a great gift idea, too. Infrastructure Bonds These are government bonds. They offer by companies that develop infrastructure. You can help in the country’s growth with these bonds. These bonds are tax-exempt. ₹150,000 is the maximum tax-free investment in a financial year. Home Loan Principal Repayment The Indian government wants everyone to have homes. You may build your home with a home loan. These loan payments are eligible for tax deduction under section 80c. You must construct a house within five years from the time of the loan. You can claim a deduction for the year when construction ends. The principal repayment amount paid towards the home loan is deductible under 80c. You cannot claim tax deductions for the interest. A maximum investment of ₹150,000 in a financial year is tax-free. Getting the Maximum Benefits via Income Tax Section 80c Deduction You can claim a total deduction of ₹150,000 as an individual, HUF, or NRI because of section 80c of the Income Tax Act. You can do this on a single transaction. You can also diversify investments. [B-02] Final Thoughts on 80c Deduction You don’t need all these exemptions to file taxes. The maximum benefit stays the same. It is ₹150,000 for a financial year. You can decide what is best for you. Think about risk-taking ability. Plan your financial goals. Then, choose which scheme works. Explore more about tax-saving schemes on Piramal Finance. This online platform is what you need to learn everything about relevant developments in the world of finance. Check out the website for informational blogs on financial matters and learn more about personal loans, credit cards, and financial management.
08-11-2023
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Other

IPO Buying Strategy for 2022

Initial Public Offers (IPO) are like cash cows for investors. While they pose a certain risk, the listing gains present an attractive opportunity to book quick short-term gains. 2022 is also about some major BSE and NSE IPOs. If you plan strategically, there are good chances of getting booking listing gains and making quick profits. So, what should be your IPO buying strategy for the remainder of 2022? Let’s find out! [B-01] IPO investment strategy for 2022 Time for IPO watch! If you are planning to invest in an IPO, then you should keep in mind the following points before investing: Research properly: Before investing in any company, it is essential to research properly about the company, its industry and the founders of the company. Further, whether the company is currently profitable or not also plays an important role. This is especially important in the case of startups that are into losses and going for IPOs. Check the valuation: Valuation of the shares of the company is essential. If you feel that the price is overly valued, then the IPO might debut at a discount. Thus, it will lead to listing losses rather than listing gains. Listen to what the experts say about valuation and do your research to determine the company’s true valuation. If the shares are being issued at an undervalued price, then it’s a green signal as the share price will increase in the future. Therefore, valuation plays a significant role when investing in an IPO. Check the over-subscription or under-subscription rate: IPOs are usually open for investment for 3 working days. Therefore, if you are unsure whether to invest, you can wait for a day or two to check the IPO subscription status of different categories of investors. This will allow you to know how much the IPO is subscribed to and whether there is an oversubscription or under subscription.Investments in IPO are usually made by retail investors, non-institutional investors, qualified institutional buyers, employees etc. You can get to know the subscription rate for each of the categories from the stock broking platform or other news mediums. This will give you an idea of whether the IPO is worth investing in. Know the objectives of raising an IPO: What is the purpose for which the company is issuing an IPO? This is important because you need to know where the company will use your funds. If you find that the funds raised through IPO will be utilized for purposes that won’t bring much growth to the company, you can avoid investing. Go through the red herring prospectus: Companies going for IPOs are mandated by the SEBI to issue the draft red herring prospectus. It contains detailed information about the company, including its financial data, the sectors in which it operates, its management, and its plans. Invest at the cut-off price: You can bid for an IPO at any price within the price band. However, bidding at the cut-off price increases the chances of getting an allotment. For instance, if the price band for a BSE or NSE IPO is Rs. 100-120, you can bid for the IPO at any price between Rs. 100 and Rs. 120. However, it is always better to go for the cut-off price. Plan your exit: While you have invested in the IPO, it is also essential to plan your exit strategy. While trading in shares, it is crucial to time the market, i.e., when to enter and exit. Ask yourself, what if the IPO debuts at a premium? What if it opens at a discount? Whether I have invested for the long term or just for listing gains? Should I hold the shares if the IPO opens at a premium or discount? These questions will help you plan an exit strategy. Know the lock-in period: Existing company investors (before IPO) agree to a certain lock-in period during which they cannot sell their shares. You need to research the company’s key investors and if any lock-in period applies to them. When will this lock-in period expire? These investors invest a huge amount in the company; therefore, once they go on a selling spree, it will lead to a price drop. Therefore, it is essential to determine the lock-in period of these investors and, if possible, when they are planning to exit the company. Understand the risk factors: Understand the risks of investing in the IPO and the company you are investing in. The primary risk of investing in the IPO is that it may open at a discount, lowering your investment value. The second risk is if you do not exit at the right time, then your gains may diminish, or your losses may increase. As discussed earlier, you must plan your holding period and exit strategy. [B-02] Conclusion Each IPO presents a new opportunity to book quick profits. However, IPO investments do involve a certain amount of homework on your part. You must do your research thoroughly before investing in IPOs because while you can book gains, there are probabilities of losses as well. However, if you keep the above points in mind and act smartly, the chances of booking profits increase. 2022 is set to bring more IPOs for you. Doing a little research can give you a rough idea of when these BSE or NSE IPOs will be open for investments. Instead of waiting for the IPO to open, adopt a proactive approach by planning your investments and doing your research now. When the IPO opens, all you have to do is apply, keep IPO watch and check your IPO subscription status. Close the year 2022 with some good gains from your investments! Get the best advice regarding all kinds of financial products and banking strategies from your well-wisher and financial expert, Piramal Finance. Visit our website!
08-11-2023
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Top Long-Term Stocks to Buy In 2023

It’s already been a while since we’re in 2023. Does the stock market still continue to surprise us with its volatility? Yes, it certainly does. With inflation and interest rate hikes that act like significant contributors to the stock market movement, there could be fluctuations. However, long-term investors often neglect short-term stock market volatility as they eye long-term gains. And in the long run, stock markets have always recovered the severest of falls. Therefore, if you are a long-term investor, then all you have to do is invest and relax. What are some of the top long-term stocks to buy in 2023? Let’s find out! [B-01] Top long-term stocks for 2023 For long-term investment, investors usually prefer NIFTY’s top 50 companies. Here are some of the best long-term stocks you can include in your portfolio in 2023: Reliance Industries Limited: Reliance Industries Limited (RIL) is one of India’s best companies and has also been a reliable stock for a long time now. Lately, the Reliance Group has been expanding into different segments and this in itself is a strong indicator of growth. The Reliance Group operates in various sectors like chemicals, oil and gas, retail, telecom, financial and digital services, among many others. The stock has been performing well for a while and is expected to continue doing so. As of 08th May 2023, the 52-week high of Reliance was INR 2817.35 and the 52-week low was INR 2180.00. Tata Consultancy Services (TCS): Engaged in IT and digital services, Tata Consultancy Services or TCS is an Indian company that comes under the umbrella of the Tata Group. The company works in various segments including banking and insurance, financial services, etc. TCS operates in over 46 countries worldwide, therefore, making it one of the best long-term bets and a stable stock. A of 08th May 2023, the 52-week high of TCS was INR 3575.00 and the 52-week low was INR 2868.01. Infosys Limited: Known as one of the best companies in India, Infosys is an Indian multinational information technology company engaged in the business of consultancy, technology, outsourcing, and digital services. The company also has a foot in other segments like healthcare, life sciences, utilities, media, energy, and more. The company is headquartered in Bangalore and is a good bet for long-term investment. As of 08th May 2023, the 52-week high of Infosys was INR 1672.60. and 52-week low was INR 1185.30. HDFC Bank: HDFC Bank is a private-sector Indian bank, engaged in a range of financial products and banking services. It is one of India’s leading banks, therefore, making it worthy of a long-term investment. As of 08th May 2023, the 52-week high of HDFC Bank was INR 1734.45 and the 52-week low was INR 1271.60. Hindustan Unilever Limited (HUL): If you’re wondering which stock to buy in 2023, you can bet on Hindustan Unilever Limited. Commonly known as HUL, it is an Indian consumer goods company, headquartered in Mumbai. It caters to the everyday needs of consumers through a range of products like beauty and oral care, food and beverage, scorers, detergents, water purifiers, salon services, exports of baby care products, etc. As of 08th May 2023, the 52-week high of Hindustan Unilever Limited was INR 2741.60 and the 52-week low was INR 2100.00 Points to keep in mind while making long-term investments If you are willing to invest for the long term in the stock market, then here are a few things that you should keep in mind: Track Your Portfolio: As you invest for the long term, there will be fewer buy and sell decisions. Investors often invest and then don’t consider selling their investments for about 4-5 years. However, it is important that while you do not transact, you watch your portfolio to know the performance of those stocks. Know Market Capitalization: It is essential to know whether the company is stable enough to bet for the long term. You can know the same by looking at their market capitalization. In the long term, investing in companies with a market capitalization of INR 10,000 crores or more would be wiser. These usually comprise mid and large-cap companies. Check the Company’s Profitability: Another essential indicator is profitability. Check the profits for the previous three years and their growth rate. If the company’s profits grew at a rate of 10% or higher, it’s a green signal for you. [B-02] Conclusion Long-term investing helps the investor stay calm during short-term volatility and reduces the efforts to make constant buy and sell decisions. If you want to invest for the long term, you need to conduct fundamental and technical analysis, invest, and have patience. Most of the above stocks are in the NIFTY top 50 companies list. Further, apart from stocks, you can also go for mutual funds for long-term investment. You can either invest in an existing mutual fund or New Fund Offer to invest. Either way, you should ensure that you meet your financial goals.If you need help with finances, you can always take the help of experts such as Piramal Finance to help you find the best solutions to finance your purchase, such as long-term investments, stocks, personal loans, or credit cards. Visit our website to know more.
08-11-2023
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Top Short-Term Stocks To Buy In 2023

If you are an investor who does not like to hold their investments for a long period, this article is for you. Your investment is short-term if you keep it for less than 12 months. After selling it, you make short-term capital gains. One can reinvest these gains in stocks from the NIFTY 100 companies list. Even though the stocks from the NSE 100 stock list or the NIFTY fifty stock list are considered to be risky forms of short-term investment, according to some financial experts, you may gain a good return. Since the stock market is volatile, tools like technical analysis can help you with short-term investments. A few stocks in the NIFTY 100 companies list may give you good short-term and long-term returns. You can detect these stocks with proper research and make your short-term returns stand out. [B-01] What Sectors to Consider for Short-Term Investment? A few sectors whose stocks from the NIFTY fifty stock list or NSE 100 stock list may prove to be an excellent short-term investment are: Pharmaceutical Sector: There are many factors supporting the growth of pharmaceutical sector companies from the NIFTY 100 companies list. The industry is trying to develop its system with unique features like early detection of illnesses, better diagnosis, etc. It all aims to create a healthy environment for the population of India. Banking Sector: The banking sector of our country has seen influential growth in the past few years. They have undergone a lot of changes and brought a lot of advancement. Many banks from the NIFTY 100 companies list make good revenue and are a choice of many investors. Historically, many banking stocks have performed well during bad economic conditions. This is one of the reasons why many investors think of opting for these stocks. For example, SBI stocks have an annual net profit margin of 11.49%, and HDFC Bank stocks have a net profit margin of 22.96%. Technology Sector: This sector has been growing with the rapid technological takeover. With the evolution of new technologies and inventions, these industries have been increasing their impact on our daily lives a lot more than we think. Few stocks from this sector’s NIFTY 100 companies list may also show up as good short-term investments. Tata Consultancy Services’ stocks have a net profit margin of 23.81%, and Wipro has a net profit margin of 32.75%. Top Stocks To Buy for Short-Term Investment The NSE 100 stock list and the NIFTY fifty stock list have many shares with great potential. However, not all of them are good for the short term. Here are certain stocks that you can invest in for the short term in 2023. Brightcom Group: The Brightcom Group comprises Ad-tech, IoT, and New Media-based businesses worldwide. Clients include some of the best blue-chip advertisers like Airtel, British Airways, Hyundai Motors, Coca-Cola, ITC, ICICI Bank, Maruti Suzuki, Qatar Airways, Samsung, Star India, Unilever, and Viacom among others. Some of their publishers include LinkedIn, Meta, Twitter, MSN, and Yahoo. As of 10th May 2023, Brightcom Group stock price has seen a 52-week high of INR 102.40 and a 52-week low of INR 12. Geojit Financial Services: Geojit Financial Services is one of India’s leading investment services companies that’s been in the market for over 30 years. With over 500 branches and 12.8 lakh customers, they hold a strong presence in India as well as the Gulf Cooperation Council countries. The company mainly aims at innovating and making markets accessible to investors worldwide. As of 10th May 2023, Geojit Financial Services stock price has seen a 52-week high of INR 71.90 and a 52-week low of INR 39.15. ONGC: The Oil and Natural Gas Corporation Limited (ONGC) is India’s largest crude oil and natural gas company with its headquarters located in Dehradun. Crude oil is the raw material used by companies like BPCL, HPCL, IOC, and MRPL to produce petroleum products such as Petrol, Kerosene, Diesel, Cooking Gas, etc. As of 10th May 2023, the ONGC stock price has seen a 52-week high of INR 179.80 and a 52-week low of INR 119.85. How To Get Started With Short-Term Investments? You can follow these steps to get started with short-term investing in stocks from the NSE 100 stock list: Decide The Type of Trader You Want to Be: Based on the time horizon and your risk appetite, choose if you want to be a day trader, swing trader, or scalper. You will be a day trader if you extend your trade to a day, a swing trader if you invest for weeks or months, and a scalper if you choose to finish your investment in a few seconds or minutes. Do Proper Research: Carry out an adequate amount of research on the stocks of the NIFTY 100 companies list or other lists and decide which one is suitable for you. Your choice of stocks would depend on several factors, including the type of trader you choose to be. Open A Trading Account and Start Investing: After choosing the stocks you want to invest in, open a trading account and start your investment activities. You can always take the help of financial advisers in case you need help at any step. [B-02] Conclusion Short-term investments can be risky, but also profitable. Look at the transaction charges before choosing a broker to open your trading account. Do your technical analysis well and check the current economic conditions. Short-term investing depends on market volatility as the investments are not held for a very long time. If you need better assistance with short-term investments, visit Piramal Finance. This online platform is what you need to learn everything about relevant developments in the world of finance. For information on financial matters or about personal loans, credit cards, and financial management, check out the blogs on our website.
08-11-2023
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Watch Out for These Upcoming IPOs to Invest in 2023

Initial Public Offering (IPO) has existed as an investment option for many years in India. However, it has created more buzz among investors in the last couple of years. This is primarily due to the successful issue of IPOs of famous companies like Nykaa, Paytm, and Zomato. Millions of investors are now eager to invest in IPOs. You can also consider IPO investment to grow your wealth and get good returns in the long term. There is significant investor action as new IPOs continue to hit the market in 2023. But before you decide to invest in IPOs, check the following details about the company: Background of founders and investors Past financial performance Vision and mission Plans to use IPO money You can get this information from the company website and IPO prospectus. [B-01] Best Upcoming IPOs in India If you are looking for a list of upcoming IPOs in 2023, here are some options: 1. Bajaj Energy Bajaj Energy Limited is one of India’s largest power generation companies that has a successful track record of operating power plants. Incorporated in 2008, it has its headquarters in Mumbai and generates electricity through thermal power plants across many locations in Uttar Pradesh. Bajaj Energy plans to raise INR 5450 crores through its upcoming IPO this year. The company expects to use the IPO money to repay debts and for general corporate purposes. 2. Aadhar Housing Financing Began in the year 1990 in the Southern State of India – Karnataka. Aadhar Housing Finance Limited is known for its budget-friendly home loans and boasts of having one of the largest customer bases and the highest disbursal rates as of FY 2020 They have a wide product portfolio that includes home loans, home improvement loans, home extension loans, and loans for the purchase and construction of residential and commercial property. Its target market is home buyers who are low-income individuals. The company’s upcoming IPO will witness fundraising of INR 7300 crores, making it one of India’s largest IPOs. It will use the amount to expand its market in Tier-1 cities and repay debt. 3. MobiKwik Incorporated in 2009, MobiKwik is one of India’s leading fintech companies that provide mobile phone-based services such as online payments, digital wallets, loans, and life insurance. It enables customers to manage all financial needs under one roof. Several e-commerce merchants use Zaakpay— MobiKwik’s payment gateway service. One of the most anticipated upcoming IPOs, MobiKwik, plans to raise INR 1900 crores. The company will utilize the IPO money for debt repayment, growth initiatives, and other general purposes. 4. Ixigo Ixigo is an artificial intelligence-based online travel website and one of India’s fastest-growing travel websites. Its parent company Le Travenues Technology manages and runs the operations. The company has won multiple awards since it was founded. The company won The Economic Times Startup Awards 2021 in the ‘Comeback Kid’ category. The reason behind this award was that the company survived the COVID-19 pandemic. It has also performed well against major competitors like Yatra and MakeMyTrip. The new IPO debut of Ixigo is likely to see fundraising of INR 1600 crores. It will use the fresh funding for expansion and new acquisitions. 5. Go Air Began in the year 2005, GoAir Airlines is owned by the Wadia Group and has carried over 80 million passengers ever since. The airline flies to over 39 destinations, of which, 10 are international destinations. Daily, it operates over 300 flights, and currently, the company is all set to go public. The new IPO of GoAir Airlines is likely to see fundraising of INR 2500 crores. [B-02] Final Thoughts on New IPOs The upcoming IPOs in 2023 offer a good opportunity to invest in a new public company. You can look forward to earning returns from the growth of the company. However, IPOs come with risks and rewards. Hence, it is advisable to conduct research and analysis before you decide to invest in IPOs. Looking for more banking information? Visit Piramal Finance for more informational blogs. Check out our website for other financial services like housing or MSME loans, personal loans, etc.
08-11-2023
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Mutual Funds

How to Invest in Best ETF Funds in India

Do you want to invest in the stock market but don’t want to make active decisions? Then you should consider ETF investing. ETF investments track the performance of an underlying index or asset. This can include NIFTY, SENSEX, gold etc. It distributes its funds based on that index or asset. Investors like Warren Buffett recommend ETF funds as the best option for people looking to build a good investment portfolio. Here, we will provide you with the best ETF funds in India, along with a complete guide on what ETF funds are and how to start with ETF Investing. [B-01] What are ETF Funds? ETFs, or exchange-traded funds, are a type of mutual fund that trades on the stock exchange just like a stock. In contrast to mutual funds, ETFs can be bought and sold on a stock exchange just like any other stock. ETF funds mirror a specific index, industry, commodity, or asset class performance. An ETF can be designed to follow the price of the underlying asset. Investors can purchase and sell shares of ETF funds at any time during the trading day. That might have both positive and negative effects on the share price. ETFs are popular for their low fees. If you want good returns that exceed those of fixed-income investments such as CDs and money market funds, you should consider investing in the best ETF funds. But you should do ETF Investing only if you want to invest with a time horizon of at least five years. History of ETFs In the past two decades, ETFs have gained popularity due to their low costs and high liquidity. In 1993, State Street Global Advisors introduced the Standard & Poor’s Depositary Receipts, the first U.S. exchange-traded fund (ETF). It has a whopping $255 billion in assets under management. This ETF remains the world’s largest and most traded. Why shall you put money into ETF Funds? ETFs are preferable The success of a mutual fund scheme is primarily determined by elements like the track record of the fund manager, the AMC, and the long-term performance of the scheme. Finding a fund with a probability of good performance in the future requires skills and analysis. ETFs track the indices. ETFs could help your portfolio track an index or the market. Performance is emphasised The market capitalisation-based structure of the index eliminates or reduces the impact of low-performing stocks in the index portfolio. As a result, ETFs also drop down or at least reduce their low-performance stock holdings. Risks Mutual fund investments face systemic and unsystematic risks. Stocks are volatile. Actively managed ETFs and mutual funds carry market risks. Unsystematic risk is a company or industry’s unique risk. Mutual funds spread their assets across sectors and market segments to reduce systemic risk. Actively managed funds may invest more in shares than the index. Index-tracking ETFs minimise unsystematic risk. Expense Ratio ETFs have lower expenses than mutual funds. ETFs can have expense ratios as low as 0.25%, compared to mutual funds’ 1.5% – 2.25%. Mutual funds may not outperform ETFs in the long term unless they perform exceptionally well. ETFs are simpler than actively managed funds. However, the fund’s historical performance, investment plan, market response, etc., are some of the concerns. Choose a cheap index ETF to track. How to select the best ETF funds? There are three things to take into account when doing ETF investing: – 1. Expense Ratio: As ETFs track a particular index or asset, their expense ratio is lower. 2. Tracking Error: A tracking error occurs when an ETF’s return differs from the index return. This is an important indicator of success since, as an investor, your money ultimately goes to the index. 3. Liquidity: ETFs must have adequate liquidity because they are traded on stock exchanges, unlike mutual funds. If an ETF fund is not very liquid, you can have problems selling your shares when you try to locate enough buyers. How to Buy the Best ETF Funds in India ETF Investing has become very simple as multiple trading platforms are available to investors. Following is how you can start investing in the best ETF funds. Decide the Medium: Most online brokerage platforms and investment applications offer access to ETFs. In addition, most of these platforms allow you to purchase and sell ETFs without paying commissions to the platform providers. However, just because an ETF can be bought and sold without incurring commissions does not mean that trading in the ETF is cost-free. You might find differences in services between those who charge and those that don’t. Learn about ETFs: Research is important for investing in the best ETF funds in India. In today’s markets, investors have multiple options. However, when doing your homework, remember that ETFs are not the same as stocks or bonds. Ask Questions: If you invest in an ETF fund, look at the bigger picture. Analyse the industry and trends. While conducting your study, ask yourself the following questions: What is your holding period? Do you intend to generate income from your assets or grow wealth? Do you have favourite industries or types of investments? Think about your Trading Plan: Expanding your investment fees over time is a helpful trading approach if you are a new investor in ETF funds. This is because it guarantees a disciplined (impulsive or volatile) attitude to invest and helps to average out returns over time. [B-02] Final Thoughts The above information provides a good understanding of ETF investing. Experts from Piramal Finance provide a detailed analysis of your Demat account. They can offer professional advice on investing and trading, so if you’re unsure, you should get in touch with them. Contact Piramal Finance for a collateral-free personal loan to start your business in ETF investing and funds trading.
08-11-2023
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