Welcome to Indian Share Market
Serving Since 2007
The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
Serving Since 2007
Custom Search
Learn and then Earn
Earning money in share maket  requires appropriate knowledge and experience, so it is highly advisable to gain adequate knowledge before start trading and investing in share market.
Welcome to Indian Share Market
The information provided on this website is for educational purpose and not to be considered as investing or trading advice.
The investment and trading has to be done on sole discretion and www.daytradingshares.com or any person related to this site Should not be held responsible for the outcome.
Copyright © 2007-2017, www.daytradingshares.com. All Rights Reserved.
Difference between Bank Fixed Deposit and debt mutual fund
The money in bank accounts earns a miserable 4% (6% in select banks) interest per year. Though the interest on the savings bank account is tax free up to Rs 10,000 per year, it's not a good idea to keep Rs 2.5 lakh idling in your bank account.

The easiest way to deploy your bank balance is to open a fixed deposit, though the returns may not be very exciting. Banks have cut deposit rates. Also, the interest earned on fixed deposits is fully taxable at the normal rate applicable to the investor.

In the highest tax bracket (annual taxable income of over Rs 10 lakh), the post-tax return is less than 5%.

Debt Mutual fund better option to Fixed deposit

A better option is to put this money in short-term debt funds. If you are a mutual fund investor and have fulfilled the KYC requirements, you can invest online. Short term debt funds can deliver up to 7-8% returns in a year. The big benefit is that unlike fixed deposits, the income from mutual funds is treated as capital gains and taxed at a lower rate if the investment is held for at least three years.

They are also more flexible. You can withdraw small amounts whenever required or invest more when you have surplus cash. Most mutual fund houses offer online investment facilities and the entire process does not take more than 30-40 minutes.

Debt funds usually take one day to transfer money to the investor's bank account. But some funds even offer instant liquidity. The Reliance Money Manager Fund and DSP BlackRock Money Manager Fund, both ultra-short term schemes, allow investors to withdraw a portion of their money at any time by placing a redemption request either through the website, mobile app or by sending an SMS.

The money is credited to investor's bank account instantaneously. Investors can redeem up to 95% of the amount in their account, subject to a maximum of Rs 2 lakh per day.

Though debt funds give more than fixed deposits and the savings bank account, the gains still get taxed at the same rate if the investment is for less than three years. You can avoid by opting for arbitrage funds. These funds invest in stocks and equity instruments but don't carry the market risk.

Like stocks and equity funds, the gains are taxed at 15% if redeemed within one year. After one year, the gains are tax free. Check the exit load of the arbitrage fund before you invest, otherwise the penalty of 0.5-1% can pare your returns.