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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.
STOCKS TO WATCH TODAY FOR TRADING
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.
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Why you should start an SIP in Mutual fund this year?
updated on 3 May 2017
Most of the people ask us what are the benefits of starting an SIP (systematic investment plan) in Mutual fund.
SIP, Systematic Investment Plan, is a disciplined way of investing in Mutual fund schemes. SIP lets you invest at regular intervals (monthly, quarterly or yearly basis) and with small amounts to create wealth over a long run.

The important strategy to get best returns through SIP is to keep investing regardless of the market conditions and importantly investors should not stop SIP during market downturns because this is the time to get more units at lesser price and this will help to get best returns when market reverses its direction and start moving in upward direction.
The following are 5 benefits of starting an SIP in mutual funds

1. Best returns
No other investment match the returns of Mutual funds.
Starting an SIP in Mutual funds is considered one of the best methods for best returns in long term.

Diversified Mutual funds like SBI Blue chip fund and HDFC capital builder fund has provided above 20% returns for last 3 years.

Equity Mid and small cap fund like SBI small and mid cap fund and Reliance small cap fund have provided above 35% returns in last 3 years.

You can plan a SIP for specific long term goal. Equity investment is considered the best investment option to fund long term goals. They also beat inflation by a wide margin.

2. Tax benefit under section 80C
If you choose tax saving mutual funds then you investments are eligible for a tax deduction of upto to Rs 1.5 lakh from your gross total income under section 80C of the Income tax act. You are free to invest more than Rs 1.5 lakh but the extra amount would not fetch you a deduction.  So this is one of the major benefits of investing in ELSS especially for salaried people. Best returns as well tax benefits.

Equity tax saving funds like Reliance Tax saver fund and DSP tax saving fund has provided above 20% returns in last 3 and 5 years. They have lock in period of 3 years.

Other tax savings  like PPF (public provident fund) has lock in of 15 years however you are allowed to make a partial withdrawals from the seventh year, NSC (national saving certificate) has lock in of 5 years, NPS (national pension scheme) has also lock in which you cannot withdraw before your retirement unless for any emergency.
3. No Capital Gain tax after one year
The long term capital gains arising out of the sale of the mutual fund units are tax free. If you sell mutual funds after a year then they qualify for long term capital gains which are currently tax-free. If you have investments in tax free mutual funds then the lock in period is 3 years so automatically they would qualify for tax free long term capital gains.

4. Disciplined investing
A dedicated fund manager allocated by fund house takes care of your investment. You have an option of choosing mutual funds based on returns, tax benefits, high risk exposure funds or balanced funds etc.
5. Rupee cost Averaging
One of the major benefit is SIP is power of compounding and this is the reason one should not wait for market direction to start an SIP. If the market is higher than you may get less units but when the market is lower you get more units irrespective of whether markets are going up or down or in volatile.

6. Power of compounding

7.Reduced risk
Most of the people stay away from mutual funds due to risk or exposure to stock markets but you can see the past performance of the mutual fund and select them and also diversify your mutual funds SIP like you can choose balanced funds, mid cap and small cap funds, Equity diversified funds and so on.


If you would like to start a SIP and need a free advice then you can contact us