Sundaram Balanced Advantage Fund NFO February 2020

Sundaram Balanced Advantage Fund scheduling from February 14, 2020 – February 28, 2020 the investment objective of the Scheme is to provide accrual of income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically. An open ended dynamic asset allocation fund Summary Of Issue: Issue Sundaram Balanced Advantage Fund…

Budget Highlights 2020-2021

The Union Budget for 2020-21, to boost income and enhance their purchasing power. Indian Budget Highlights Fiscal numbers: FY20 fiscal deficit revised to 3.8% from 3.3% in the current fiscal. For FY21, fiscal target seen at 3.5%.. Net market borrowing for FY20 at Rs 4.99 lakh crore; For FY21 it’s pegged at Rs 5.36 lakh crore. Nominal…

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Daily Market Outlook –31 January 2020

NIFTY: Today was F&O expiry, with the NIFTY showing a straight line decline from the very morning open. World markets were shaken when the NIFTY opened up, the NIFTY following most other markets in falling throughout the day. The Indian markets would normally have been part of the world environment which is volatile and slowly…

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Daily Market Outlook –28 January 2020

NIFTY: Since the last week of October 2019, the NIFTY has been moving with strong support in the 11900 area which it repeatedly tests. We have a pattern of a flat support level at 11900 and higher highs. The pattern can be considered to be a rising, inverted triangle, or, simply an inverted ascending triangle…

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ITI Limited FPO details – Date, Price, Size, Allotment Status, Subscription & Reviews

Incorporated on January 25, 1950, ITI Limited (ITI) is a public sector company under the Department of Telecommunications (DoT) with 7 decades of experience in telecommunications technology. ITI caters to a wide customer base across various industry segments like Telecommunications, Defence, Information Technology, Banks, Financial Institutions and Solar Energy.The ITI FPO is scheduled for Jan…

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Daily Market Outlook –24 January 2020

NIFTY: We are aware that the economy  is going through a difficult phase. We can be sure that the government is also aware of this. The Union budget, which is a statement of the government purpose , is probably the best location to give direction to the economy. Whatever the budget says, we are confident…