If you are looking for best way to invest in Mutual Funds in India, you have come to the right place. In this post we will talk about different ways you can invest in MF and what you should look for before choosing any of the platform. Before we start, I will explain what is Mutual Funds in couple of lines. Mutual funds can be thought of as a investment vehicle funded by shareholders and managed by professional and experts better known as Fund Manager. The major MF Asset Management company(AMC) in India are [Read more…] about Top 7 Mutual Fund Platform reviews
You can find most of the information about stock market online but if you are someone who love reading stock market books, you would not be disappointed. There are hundreds of books you can find on stock market which will help you to be a better investor. Most of the books are from US as they have a long history of stock market and 100 year worth of data is available with them.
So below you will find TOP 10 book which have helped me in trading and investing and which I feel gives a good understanding for someone who is starting in the market. Some of the books are little advanced and specific in nature specifically book on Options and Futures and Japanese Candlestick charts. I believe that these books are also important as you need to be aware of F&O date and use technical analysis if you want to be a better trader or investor in any market.
I have tried to further breakdown the list between Indian books and international best sellers. I somehow feel that Indian investor are better able to connect with books written from Indian perspective.
Best Stock market books by Indian author on Indian stock market
Stock to riches by Parag Parekh
He is a value investor and tries to follow the teaching of Warren Buffet. Died in a car crash in 2015 when he went to Ohio to listen to yearly Warren Buffet meeting. The book is written in simple words and more for a beginner who is just starting in the market and want to understand how to think long term. Have lots of lesson for value investor.
The Dhandho Investor
This is one of the few good books by Indian writer on value investing. The method of writing is very simple to follow and the book have tried to explain complex idea in easy to follow wording. It takes it idea from Patels in Gujarat who are known to be ace investor. It talks about value investing criteria like “Heads, I win! Tails, I don’t lose that much!,” “Few Bets, Big Bets, Infrequent Bets,”.
One of the best books from an Indian writer and if you are just starting, I would recommend you to read this book.
Bulls, Bears and Other Beasts: A Story of the Indian Stock Market
One of the good books which tell how the Indian stock market works. The book is written from an eye of Lalchand Gupta and how he tries to make sense of the market. Talks a lot about the scams and other manipulations which happen in the market. A very good read for someone who want to better understand the working of Indian stock market and main actor who are part of it. Read more like a story. A good one time read.
Books by US author for US markets
THE INTELLIGENT INVESTOR
This is like a bible for value investor and was written by Benjamin Graham who is also known as guru of Warren Buffet. But beware, this is not a easy reading books. It expects that the reader are well versed in financial analysis and interested in Value investing. This book will help you to better understand how you should read the financial statement and try to find out the real value of a share.
Reminiscences of a Stock Operator
This is a fun to read book written almost 100 year ago. A biography which shows how a young man managed to make money in the stock market. The central points of the book is that fear, greed, hope and ignorance will drive the markets for as long as humans make trading decisions. This was true 100 year ago and is still true. Lots of things have changed but the greed is the same.
One Up On Wall Street
This is one of the classic books which most of the investor have read at sometime. But most of the idea he talk to are not actionable and may have been true in 90’s but don’t seem to have much weight now, But if you are interested in knowing how some of the ace investor of our time think, this is a good read and get you idea which you can include in your trading practices.
The book is a collections of interviews of successful traders/investor from US. The interviews were done in 1980 so it feels little dated but some of the advice is evergreen and could help budding investor/trader. A good read for someone who want to understand from the astute traders and how they think while trading.
A Random Walk down the Wall Street
This is more of a basic book on stock investing which introduces readers to concept like Diversification, Bubble and the value of patience in investing. Sort of an elementary book but if you are just starting to invest in the market, introduces you to lots of basic terminology which you should be aware of while trading.
Japanese Candlestick Charting technique
This is more of a practical book for someone who want to get in depth understanding of technical charts specifically Candlestick charts. Introduces all the sample chart pattern like Head and shoulders, Doji, Hanging Man etc. Good book if you are interested in technical analysis. Even if you are investor mostly doing fundamental analysis, a good book to read to get better support and resistance point for the stock you have in your portfolio.
This is again a practical book which introduces the reader to F&O. This is more of a book return for college student to understand derivatives but very in depth in nature. Very good read if you are just starting to explore Derivative or have some understanding but want to better understand the pricing of the derivatives contract.
The list is not exhaustive and there are many more books which you will be able to find online. The books I have selected are the once which I feel are good for reader who are just starting in the market. The list is somewhat skewed towards international books as not many Indian stock market book are available in the market. But things are changing now and every year, there are 3-4 good books which are getting written about the market.
If you think that I am missing some books, do let us know your comments and we will try to add the review of those books also. Just keep in mind that the books you recommend should be easy to read from a layman perspective and not very technical in nature.
The government is now ready to launch a FFO or “Further Fund Offer” exchange-traded fund (ETF) based on the central public sector enterprises (CPSE) index. This is going to be the sale of the second tranche of central public sector enterprise (CPSE) exchange traded fund (ETF) by raising an offer to deploy Rs.6, 000 crores (base size is Rs. 4500 crore and Rs. 1500 crore for green shoe option) on 17 January, 2017 which is managed by Reliance Mutual Fund. Anchor investors reserve is 30% and rest is offered to other categories. The offer opens for Anchor Investors for only a day on 17th January 2017 while for other categories including retails it’s open on 18th January 2017 and end on 20th January 2017.
CPSE ETF is Central Public Sector Enterprise (CPSE) Exchange Traded Fund (ETF) which functions in mutual fund scheme, comprises the scrip of 10 PSUs — ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India. [Read more…] about How to invest in CPSE ETF
Trading academy is a online stock trading webinar course provided by Upstox, previously known as RKSV which trains student in Technical Analysis. It is a live webinar which take place in the evening for 6 days, each session of 2 hours. For more details about the date and availability options, please visit Trade Academy. This is a good course if you are just starting in the market and want to understand what is technical analysis. It is also good for traders who want a refresher course in technical analysis and want to better understand the trading platform provided by Upstox.
After I signed up on the website, I was given a welcome call by one of the coordinators and a link to the webinar in my email box. I clicked on the link and in about 5 minutes the webinar had begun. The audio had some problems initially, but was solved. The session covers the following topics in detail :- [Read more…] about Trade Academy Review
Angel Broking l has come up with a new powerful investment Engine which they call ARQ. In simple terms, the ARQ is a kind of Robo advisors which based on your present condition and future requirement, tells you what stocks and mutual funds you should be buying. They say that they have gone through millions of combinations to come up with these recommendation which are given based on individual client status.
They have basically broken all the clients in three tier and based on your risk profile . They are advertising that the return generated by ARQ engine have consistently beaten the sensex. So this product could be good for someone who strongly feel that they need expert advice before buying in the markets. Also if you use this, you would not need to take any advisory service and end up paying a monthly charge for that. [Read more…] about ARQ by Angel Broking Review
Algorithmic or Algo trading is computer generated trading based on the algorithms fed in the trading system. These are generally used by financial institutions and PE to trade. Majority of trading in US is done through this in US and India is also moving in the same direction. Firms spend a lot of money in developing there proprietary algorithm in the hope to generate positive returns.
Just to give you an example of a trading Algorithm, we can code to look for any stock which is above 50 DMA, [Read more…] about Algo Trading in India
Thematic Investment – Invest in Idea and not stock.
They are one of the newest fintech startup working to make the life of Indian investor easy. They help their clients to invest in Thematic investing. Some of you may ask as what do we mean by Themeatic investing. In simple terms, if you want to invest in a particular theme like Monsoon or GST, they will help you in purchasing that. Next question would be why I need their help. I can buy shares on my own through my broker. But if you think, even if you have decided that Monsoon is going to be good this year, it is still difficult to choose the stock which will gain most by a good monsoon. Smallcase have preselected the stock for more than 10 themes which varies from Monsoon to GST to Banking privately. [Read more…] about Smallcase Review – Should you invest through them?
Know about investing in share market in Indian from a beginner’s perspective. In this article, we are not going to talk about which stock you should buy but try to explain requirement for trading in stock market.
Several people have this question in mind. How to start investing in the stock market? But coming across an appropriate answer is not easy. However, you can find it here…
Let’s begin with introducing you to the stock market.
A stock market is a place where you can trade in equities and equity derivatives. Equities, aka the equity shares, are each a part of the company, that you as an investor in the company own. They express that you will enjoy a share in the profits of the company and possess equal voting rights. Profits and voting rights are limited to the number of shares you own. Each share unit has a price, a value. E.g. ITC’s current price is Rs. 330 per share. So [Read more…] about How to invest in share market for beginners
“Intraday” simply means within one day. Trading –the act of buying and selling- that is done within one day is intraday trading. You buy in the morning, sell in the afternoon; short sell now and buyback after an hour; buy low-sell high. That is what an intraday trading in simple words.
So intraday trading is squaring-off all your trades on the same day. It is also called day trading.
What is Intraday Trading?
It is not a way to earn quick money. It’s just a hype that because price fluctuates a lot within a day, huge profits/loss can be made. Yes, there are a lot of people and institutions who believe in only-intraday-trade. But they know the risk they are taking and have strategies drawn before executing trades. Slightest mistake can wipe out your capital here. You have to follow strict stop loss to earn profit if you are planning to trade in intraday. [Read more…] about Intraday Trading – What is it ?
All the definitions on arbitrage trading say that it is “Buying in one market, selling in the other and profiting from the price difference.” Well, at first I thought it would be buying a share from BSE and selling it in NSE, as all the examples say- buying saaris from Surat market, where you get them cheap and sell in Mumbai market, where it can be sold expensive.
However, trading like this is not allowed in the stock market ie. you cannot buy and sell the same stock among exchange (NSE to BSE) in real time. So you cannot arbitrage by buying on NSE and Selling on BSE without holding the stock in your demat account. In case you do that and at T+2, the stock have not come in your Demat account, there would be a short delivery and will be taken to auction which can have huge implications in terms of penalty. So then how do we do arbitrage in equity markets.
Types of arbitrage opportunities
[Read more…] about Arbitrage Trading in India