What are NSE Top Gainers and NSE Top Losers?

What are NSE Top Gainers and NSE Top Losers?

The National Stock Exchange (NSE) captures the top gainers and losers under various categories on a real time basis. The gainers and losers are with reference to the previous close price and are expressed in absolute terms and in percentage terms. The gainers are indexed descending from top gainer to least gainer. Similarly, the losers are indexed ascending from the top loser to the least loser. Consider the NSE snapshot below:

Source: NSE

The table above can be accessed from the home page of the NSE where a snapshot of the Nifty gainers and the losers is provided. The gainers and losers can be toggled and accessed by just clicking a button.

Break up of Nifty gainers and losers

To give a fair comparison of the gainers and losers, the NSE provides sub-classification of these gainers and losers. One can do an index based search filter of gainers and losers and opt to see the top gainers and losers of the Nifty 50 index stocks or the next 50 mid-sized stocks. Similarly, gainers and losers can also be filtered based on their price. You can either filter for stocks over Rs.20 or filter for penny stocks under Rs.20. There is also a filter available to distil only the F&O stocks since there are no circuit filters on such stocks and this ranking can also provide important cues for futures and options traders

How to use the Nifty top gainers and losers list?

  • While the top gainers and losers give a quick snapshot of which stocks are doing well, there are more ways traders and investors can use this listing intelligently.

  • The gainers and losers give you a very quick view of stocks that have shown the maximum positive momentum or the most negative momentum in the markets. These can be important triggers for structuring your trades or even get finer ratification from the technical charts.

  • Normally, gainers are never looked at in isolation but in conjunction with the volumes. Any gain or loss supported by a spurt in volumes is more indicative and represents a sharper and deeper trend. That is useful for a trader because it is a signal that the movement is more reliable.

  • Gainers and losers provide a mirror for the key news items you may have missed out. The gainers and losers often act as lead indicators of the market news flows. In the past, we have seen stocks like Zee, RCOM, Dewan Housing and Vakrangee being in the top losers, providing a trigger to delve deeper into the news.

Gainers and losers on the NSE are captured on a real time basis. However, one can also filter gainers and losers over longer time frames like weekly gainers, monthly gainers or yearly gainers. These can give a better sense of long term direction.

About 5paisa:- 5paisa is an online discount stock broker that is a member of NSE, BSE, MCX and MCX-SX. Since its inception in 2016, 5paisa has always promoted the idea of self-investment and has ensured that 100% operations are executed digitally with minimal to no human interventions. 

Our all-in-one Demat account makes investment hassle free for everyone, be it an individual newly venturing into the investment market or a pro investor. Headquartered in Mumbai, 5paisa.com - a subsidiary of IIFL Holdings Ltd (formerly India Infoline Limited), is the first Indian public listed fintech company.

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Why Financial Freedom is Important for Women?

Why Financial Freedom is Important for Women?
05/06/2019

Individual freedom, in many ways, becomes pointless in the absence of financial freedom. This is more so in the case of women. Unless women have the financial freedom to choose and build their own future, a lot of the talk of freedom remains just on paper.

Why financial freedom is so critical for women?

We normally associate financial freedom with women at work. While that is partially correct, but it does not represent the full meaning. Even today, a lot of successful women professionals leave all the financial decisions to the men in the family. Financial freedom is not just about money power but also the power to plan and allocate the money. Let us look at why financial freedom is so critical for women?

  • Financial freedom is all about a sense of equality and identity for women in society. Indian laws have made freedom a fundamental right for men and women. But this freedom remains just on paper if it does not translate into financial freedom. The women must not only have freedom to choose her career path but also how she wants to best allocate the money.
  • Most women intend to make a contribution to the welfare of family but are constrained in the absence of any worthwhile savings and money flows. Contribution and taking care of near and dear ones gives the women a sense of identity and self-esteem which comes from financial freedom.
  • Creating a nest egg for her future surely helps. A nest egg is a corpus for her financial security which also gives her a lot more freedom to pursue what she thinks is best for her. A corpus may not solve all problems, but it surely makes the uncertainties appear less daunting.
  • Decision making power is at the core of financial freedom. It has been observed that women make more prudent money decisions; both when it comes to their own money and their family resources. It is this financial freedom that can help in realizing her true potential.
  • Above all, it is about good money habits. Let us not ignore this aspect. We all need to imbibe good money habits. By keeping women away from financial decisions, they largely become disengaged from financial decision making and that puts them at a disadvantage. When it comes to handling money, there is nothing like the real thing.

Three steps to financial freedom

Women have the financial resources and freedom. The next step is to actually make financial freedom happen. By spending most of the money, it is hard to create any kind of financial freedom. There are three steps to go about it.

  • You don’t enjoy financial freedom unless you are a good saver. No matter what you think, there is always that little bit extra that you can save. Splurging money can give you instant gratification but that is hardly going to enhance your sense of financial freedom in any way. Set a target saving and plan expenses accordingly.
  • Get into the habit of investing because the question is “Save and do what?”. So you should invest for the long term and wait to see your investments deliver strong returns.
  • Create a plan and seek professional help, if needed. A plan is about the long term goals of the lady and her family. You cannot realize your sense of financial freedom and well being unless you have a financial plan with a timetable for your long term goals. If you are not sure, don’t try to do it all by yourself; there is professional help to add value.

Financial freedom for women is about asserting their rights, their wishes and working towards it. Get comfortable with financial decision making and the rest will follow.

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5 Simple Ways to Invest with Little Money

5 Simple Ways to Invest with Little Money
05/08/2019

Quite often you hear the general excuse that one is not able to invest because they don’t have a large enough corpus. Actually, you don’t need a large corpus. You need to focus on maximizing savings and start regular investment immediately. Here are 5 things to do while investing with little money.

Start as early as possible

There is really no right age to start investing but the earlier you start the better it is. Over longer periods of time, even small contributions can grow to large sums of money. That is when the power of compounding really works in your favour. The longer you invest, the more your capital earns returns and the more your returns earn returns. Check this table below, where we have assumed a yield of 15%:

Monthly SIP

Invested in

Yield (%)

Tenure

Investment

Final Value

Rs. 3,000

Equity Funds

15%

30 years

Rs.10.80 lakhs

Rs.2.10 crore

Rs.10,000

Equity Funds

15%

20 years

Rs.24.00 lakhs

Rs.1.51 crore

Rs.20,000

Equity Funds

15%

10 years

Rs.24.00 lakhs

Rs.55.7 lakhs.

Interestingly, you create the maximum wealth with a monthly SIP of Rs3,000 just because you continue it for 30 years. In the other two cases, you end up with less wealth even through you contribute much more.

Adopt a SIP approach

Don’t try to time the market with lump sum investments. That is too much of strain on your finances. Instead opt for the comfort of a systematic investment plan. It synchronizes with your inflows and also gives you the added benefit of rupee cost averaging. As the table above captures, SIP instils the discipline and that matters more than the amount you invest.

Using diversified mutual funds

That brings us to the next question, if you have a small corpus to invest then where should you invest it. Obviously, if you put the money in a liquid fund earning 6% pre-tax or a debt fund giving 9% returns you cannot create meaningful wealth with a small investment. You need to take a long term view and stick to equities. Don’t fall for sectoral and thematic funds. They can be too risky and unproductive in down cycles. Rather stick to diversified equity funds and at best look at multi cap funds if you want to add the benefit of alpha from mid caps and small caps.

Buy quality stocks in small quantities

If you think that buying direct equities takes a lot of investment, just think again. When you buy shares in demat, you can even buy small quantity of a stock. A stock of Infosys costs you less than Rs.750 per or a share of SBI costs you around Rs.300. You can keep nibbling in small quantities. Remember this story from market folklore; an investment of Rs.10,000 in Wipro in 1980 would be worth Rs.600 crore today. Yes you did hear it right!

Keep a trading limit for options

Even with a small corpus you can always look to options. You can take a larger position in calls or puts where conviction is higher. Of course, keep the premium as your sunk cost and go ahead. Measure the risk you can afford, but this is a great way to play the market both ways.

Moral of the story is not to be intimidated because you have a small corpus to invest. In the final analysis discipline and diligence matters a lot more.
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The Difference Between Regular and Direct Mutual Fund

The Difference Between Regular and Direct Mutual Fund
01/09/2019

Browse through the NAVs of mutual funds either in the pink papers or the AMFI website and you will find that the same growth or dividend scheme of a mutual fund is subdivided into Regular plans and Direct Plans. Have you ever wondered what are these Direct Plans and Regular Plans? Let us check out a live NAV table first.

Date Source: AMFI

In the above table, you will find that the DSP Top 100 Equity Fund is subdivided into Direct Plan and Regular Plan. You will also find that the Direct Plan has a higher NAV compared to the Regular Plan. Before comparing Direct Plans and Regular Plans, let us briefly dwell on the brief history of Direct Plans.

A Brief History of Direct Plans

Prior to 2009, fund houses charged investors entry loads on mutual funds to cover selling and distribution costs. In August 2009, SEBI banned the collection of entry loads from mutual fund clients. However, the official model of Direct Plan came only from January 2013 when SEBI asked all fund schemes to classify into Direct Plans and Regular Plans.

Currently, funds are allowed to debit their annual expenses up to a ceiling of 2.25% of the AUM in case of equity funds to the fund NAV. This is called the Total Expense Ratio (TER). The fund does not bill the distribution and trail commission costs to Direct Plan investors. Hence, Direct Plans are subject to lower TERs and the NAV are higher. Here are three key points.

Direct Funds Have Lower Expense Ratio

The TER on Direct Plans is lower since the distribution and trail fees are not billed to them. However, there are other costs too in a mutual fund. Mutual funds have to incur operational costs, fund management fees, auditor fees, registrar charges, execution costs, statutory costs and brand expenses, among others. Even if you are holding a Direct Plan, these expenses will still be charged to you. It is only the distribution and trail commissions that are not billed to your NAV. In a typical equity fund the regular plans will have a TER of around 2.25% while the TER for a Direct Plan will be 60-70 bps lower. This cost saving each year enhances your return over the longer period of time.

Direct Plan Does Not Involve Any Intermediary

Direct Funds are simple in nature and the process of investing, especially through an online platform is easy as you do not deal with any intermediary. You can invest directly and make your own investment choice. Just ensure that the NAV in your statement actually reflects the Direct Plan NAV as available on the AMFI website.

Choose Direct Plans If You Can Make Financial Planning Decisions Independently

The common question is - who should opt for a Direct Plan. There are no hard and fast rules. If you are savvy enough to manage your financial planning and investments on your own, then you can consider Direct Plans. When you invest via Direct Plans you do not get the benefit of the advisory services of a broker or financial advisor. Hence, you need to make your choice of Direct Plan after due consideration. Ensure that you have the time and resources to make your financial planning decisions independently.

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How Can You Invest In Direct Mutual Funds?

How Can You Invest In Direct Mutual Funds?
01/09/2019

Direct plans of mutual funds enable the investor to save on costs. Direct Plan investors are not charged the distributor and trail commissions. For an average equity fund, this reduces the Total Expense Ratio by 60-70 basis points. This makes a big difference over longer periods.

The KYC process remains the same, irrespective of whether you opt for the Direct Plan or the Regular Plan. Also you have to register with the AMC or the aggregator once. The investor can either do a lump sum investment or follow SIP route through the Direct Plan. Once your SIP is registered as a Direct Plan, then it continues that way. You can convert a Regular Plan into a Direct Plan by writing to your fund. How do you invest in Direct Mutual Funds?

Direct Plan Investing Through AMCs

Walk into the nearest office or Investor Service Centre of the AMC of your choice. If you are a first time investor, then you will have to complete your KYC and you will be allotted a ‘Folio Number’. Once folio number is allotted, subsequent investments can be done online. Ensure that you specifically check the Direct Plan box in your application. The only challenge in this approach is that you will have to obtain a distinct folio number for each AMC.

Direct Plan Investing Through Fund Registrars

Registrars are the record keepers and folio managers of all mutual fund accounts. There are two key players viz. Karvy and CAMS. You can register with either registrar online to invest in Direct Plans. Of course, when you approach a registrar, you can only invest in funds for which they are the registrars. In fact, when you submit an application to your AMC, it is processed by the registrar only. So, this is an extension of the first method.

Leveraging MFUs and Fund Aggregators

Mutual Fund Utilities (MFU) or aggregators are an agnostic platform to invest in mutual funds. You will have to take a one-time registration and obtain a Common Account Number (CAN). Once the CAN is obtained, you can map all your existing folios to that particular CAN and they would be treated as Direct Funds. The advantage is that you don’t have to interface with multiple AMCs and the MFU aggregates and gives you requisite analytics for better decision making. The challenge is that you can only deal in the funds where the AMCs have tied up with the MFU. This platform is convenient and centralized.

Direct Plan Investing Through Investment Advisors, Online Direct Investment Portals

The challenge in the above 3 methods is that you still have to be self-driven. As an investor you need to take all the decisions including screening, selecting and ensuring that funds are in sync with your long term goals. One alternative is to go through on online platform of Registered Investment Advisor or through a Robo Advisor. These platforms provide investment recommendations to investors on the basis of certain details keyed in by the investor. 

Direct Plans Of Mutual Funds – How To Make The Choice?

Investing through Direct Plans requires that you are comfortable with a self-driven approach to investing in mutual funds. While mutual funds offer diversification and professional management, they are also exposed to the vagaries of the markets and macros. You must be confident to handle these gyrations. Ideally, Direct Plans are for investors who have the time, wherewithal and resources to spend in making investment decisions. Otherwise, you are better off opting for a Regular Plan and letting your broker advice you appropriately.
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Sensex Breaks Below 38,000. Is This Time To Be Cautious?

Sensex Breaks Below 38,000. Is This Time To Be Cautious?
05/09/2019

Between May 6 and May 8, 2019 the Sensex lost nearly 1,200 points in a vertical fall. It was triggered by an exasperated Donald Trump tweet on his intent to raise tariffs on Chinese imports from 10% to 25%. Global markets reacted in unison as nearly US$13 billion was wiped out for every word that Trump tweeted. India was not spared as the Sensex dipped below the psychological level of 38,000. What should investors really do?

Source: BSE (May 9, 2019)

The one-month chart of the Sensex is quite revealing. After crossing the 39,000 mark multiple times, the Sensex had faced tremendous pressure before it ascended further. Should traders and investors be cautious at this point?

A. There is a global angle to this correction

The big trigger for the correction was an escalation of the trade war. By now it is clear that this is not just a war over import duties, but a much bigger war of two of the largest economies trying to assert their economy supremacy. The US remains the market that every country looks up to and China is the only country that can absorb all the minerals and metals produced in the world. China is unwilling to commit anything on intellectual property rights and that is the bone of contention. A prolonged trade war will mean that there could be an impact on growth in US and Chinese GDP. That will surely rub off on global demand. Secondly, there is a limit to which China can retaliate because they run a trade surplus in the range of $400-500 billion with the US (as per US Census). The other option is to devalue the Yuan. That could have a weakening impact on currencies including the rupee. Hence the trade war will continue to be an overhang on the Sensex.

B. Domestic macros are a challenge too

There are a number of domestic challenges too. Despite two rounds of rate cuts, there has been little impact on lending rates. The rupee has been extremely volatile and the RBI has been using swaps to infuse domestic liquidity into markets. There is the more immediate challenge on top line growth in consumer sectors like FMCG and auto where the slowdown is obvious. Despite all the efforts of the government, farm incomes have not improved and weak rural demand is putting a limit on growth.

C. Banking holds the key for now

We have seen in the past that if the Sensex has to go up decisively, then banking stocks have to perform exceptionally well. That is hardly surprising considering that banking and financials account for 38% of the Nifty basket. Amidst this, PSU banks are struggling to recover from the NPA pile accumulated over the years. Then, there are the potential NPAs pertaining to IL&FS, ADAG group and sectors like power and telecom that are not yet accounted for. When you add these up, the question “where is the trigger for a market rise” continues to haunt.

D. You can sense the market risk in the VIX

The volatility index is also called the Fear Index as it is indicative of the caution in the markets. Historically, VIX and Sensex have had a negative correlation. This time around, the VIX has moved up from 14 levels to 26 levels over the last couple of months and shows no signs of abating. That is a clear indication of high levels of risk that markets are assigning at current levels. When the VIX is elevated at higher levels, each bounce is met with aggressive selling. VIX also reflects that the rupee is coming under pressure due to a consistently widening current account deficit.

What should investors really do at these levels?

While caution is warranted, the Sensex has shown a tendency to bounce each time the trade war has tampered. Once the rattling gets subdued, we could see the Sensex bouncing again. Other than the weakening consumer demand, all the other factors are temporary. Weak consumer demand appears to be the only structural issue and that may predicate on how the new government that assumes office deals with demand push. While traders can be choosy about timing, investors should stick to quality stocks and adopt a phased approach to investing. The more these things appear to change, the more they happen to remain the same!