Today's Top Gainer
Note:Top Gainer - Nifty 50 More
One must remember that historic return is not a guarantee to future success. So, while diversifying investments, margin of safety should be given as much importance as returns.
Nifty took ~9 years to reach 2000 mark in December 2004, after that in merely ~3 years it reached 6000 mark in December 2007. Then, it took another ~6 and a half years to climb the next 1000 points because of 2008 crisis. In next ~3 years it reached 9000 in March 2017 and thereafter in just ~4 months it touched the 10K mark on July 25, 2017. The Nifty 50 has given a return of 9.1x in just 21 years since its launch date, April 22, 1996.
The Fed rate hike will definitely have ramifications over the global markets especially the emerging markets. The most relevant impact will be seen in the currency exchange rates, bond yields and the stock markets.
The recent currency discontinuation to curb black money and the subsequent cash crunch has further fueled the selling pressure as investors are worried that it can slow down the economy. This will have near term impacts on corporate earnings too.
The power of investing to build wealth and achieve long-term goals has been proven time and again. But not everyone takes full advantage.
"The emerging markets were the major beneficiaries of low-interest rates since investors invested in emerging markets as the US market was fragile. But now the US economy is showing signs of improvement with unemployment at 4.9%, a positive figure in Fed’s view. Inflation is presently at 1.1%, below the Fed’s 2% target."
The whole nation was taken aback by the bold and unprecedented step. November 8, 2016 night was a nightmare for black money hoarders. From 2011 to 2016 total number of bank notes rose by 40% while Rs 500 notes and Rs 1000 notes rose by 76% and 109% respectively.
The incidence of fake Indian currency notes in higher denomination has increased. The fake notes are used for antinational and illegal activities as high denomination notes have been misused by terrorists and for hoarding black money.
Broadly investors are expecting Hillary to be the next US President. But if Trump wins the presidential election, the markets will nosedive, like Brexit, all across the globe. The global markets jittered on concerns that FBI would review more emails of Hillary Clinton over the use of private email server resulting in the global markets turning southward.
Equity oriented mutual funds are those funds which invest minimum 65% of their AUM in equity and equity related instruments. Diversified funds, ELSS, balanced funds - equity oriented and arbitrage funds are equity oriented funds since they invest minimum 65% of their AUM in equities and equity related instruments.