Today's Top Gainer
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Investing in mutual funds via Systematic Invest Plan (SIP) is the best way to creating wealth in the long-term. SIP is a way to regularly invest a fixed amount in mutual fund schemes.
The equity market has been volatile so far in April-May 2018 due to rising crude oil prices and bond yields, uncovering of governance issues in banks and the possibility of four rate hikes in 2018 in the US. Therefore, investors should use the current volatility as an opportunity to create wealth in long-term.
Italy has been without a government since March because no political group can form a majority. The two big winners in that election - Five Star and The League - attempted to join forces on Sunday but abandoned efforts after President Sergio Matarella vetoed their choice of finance minister.
HDFC Prudence Fund has the largest AUM of Rs37,998cr as on April 30, 2018, among all equity-oriented mutual funds. The fund started its journey on February 01, 1994, and has given a return of ~18% CAGR since then, as on May 20, 2018.
This strategy is heavily based on the concept of seasonality, specifically, those stocks which perform better in the winter months than they do in the summer months.
The best way to get the benefit from volatility is investing in mutual funds via Systematic Investment Plan (SIP). SIP is a way to invest via which investors can invest a fixed amount in a mutual fund for a defined period. SIP helps investors in ‘Rupee Cost Averaging’ and follow a disciplined approach without worrying about the short-term volatility in the market volatility.
The year 2018 being a pre-election year will have a significant bearing on sentiment in equity markets.
The 10-year bond yield closed at 7.47 per cent on Thursday, rising steadily from its monetary policy day level of 7.13 per cent. It has risen 37 basis points in five days.
Volatility is a risk but it can also be a friend. Any fall in a market is an opportunity to buy quality stocks in a staggered manner as it offers avenues for wealth creation.
A pivot point is a price level in technical analysis of a financial market that is used by traders as a predictive indicator of market movement.