Sebi's decision to defer the implementation of the 50 per cent cash margin rule for future and options traders till February 28 will help market participants to adjust to the new process of segregation and monitoring, experts said on Wednesday. Welcoming Sebi's decision, Vijay Singhania, Chairman, TradeSmart, said that the major issue in the implementation of the rule is the lack of practicality. "Sebi circular requires segregation of client funds in different segments like cash, F&O, currency etc., and to upload the same to clearing corporation/ PCM. It is practically not possible," he said.
When the Meghalaya government launched a mobile app in July to verify pensioners' identities using facial recognition technology, it led to criticism over privacy concerns. In response to a legal notice from Jodhpur-based law student Jade Jeremiah Lyngdoh flagging privacy concerns with the "Pensioner’s Life Certification Verification" app, the state government said the use of FRT was not mandatory. Those who had concerns could opt out, they said. “IFF has raised some valid points here. Data security and error rates in FRT seem to be a major concern of the government. On this, I can only think of a quote by Steve Jobs: 'Sometimes when you innovate, you make mistakes.' It is best to admit them quickly, and get on with improving your other innovations,” remarked Vikas Singhania, CEO at TradeSmart.
The cost of education is rising sharply with each passing year. For example, the inflation rate for education stands at over 10-11% in India, meaning that you have to collect a sizeable corpus to give your children a quality education. Vikas Singhania, CEO, TradeSmart says "With the inflationary pressure, education alone may cost you a moon going forward. Add to this the reality of online education, tuition costs, healthcare, insurance and sundry expenses, gadget costs, and you realize handling these whopping expenses is no child's play. So the only option, to avoid a possible debt trap to secure child's future, is to start investing early."
At the helm of the company, Debsarkar is responsible for heading the firm’s firm’s overall marketing function with a rapid growth approach. Spearheading the core growth team and swiftly collaborating with traditional and digital marketing experts, she aims to streamline the digital and communications strategy to lead brand conversations in an integrated manner, the company said in a press statement.
Vikas Singhania, CEO, TradeSmart - Children from a young age should have a healthy relationship with money, and the only way to do that as a parent is to set an example. Educating a child about money is a process and not a one-day job. Teaching should start with making them aware of how money works. Taking them shopping and using cash to make the transaction will help them see money working in action. This will, however, also send the message that money is meant to be spent. They will see you buying stuff for the house and even for themselves by giving money. Here is where the lessons on saving money need to be taught simultaneously.
Awareness of savings, early investment is essential for lifelong financial management. Unfortunately for children and young students, financial literacy is often left out of the formal education system curriculum. Having said that, when it comes to teaching children financial management skills, there are some digital platforms that assist kids to start their investment education. TradeSmart: A technology-focused discount online broking firm that simplifies investments for young and tech-savvy Indians. A member of NSE, TradeSmart provides online trading in – Cash, Futures and options, currency derivatives, commodities, mutual funds and ETFs for investors and online traders. The platform also benefits its users with informative blogs on IPOs, trading, stocks, investments, share market, etc.
Children learn life skills mainly from their parents, teachers, and friends. As schools and colleges do not teach the management of personal finances at a practical level, nor are friends in a position to learn from each other, the onus of informing kids about finances falls on parents. Vikas Singhania, CEO, TradeSmart, said it is crucial for the child to know about the current scenario for them to help improve the situation. Parents will be pleasantly surprised at how soon kids pick up these points. In the current uncertain scenario, it becomes essential that children know about managing their finances and wealth. "Dinner table talks and family outings are good occasions to talk about the nuances of finance and real estate," Singhania said.
The great American investor Warren Buffett bought his first stock at the age of 11. It shows that one can learn stock investing at a young age. Vikas Singhania, CEO, TradeSmart, says “One can invest in stocks for minors and also encourage the child to monitor them to develop a habit of investing. The only condition is that it should be in good companies with strong management.” Note that the investment made is periodic to get the benefit of compounding and averaging.
For investors looking to accumulate Rs 1 crore, the 15x15x15 mutual fund rule is the mantra to reach the financial goal. The rule states that if you invest Rs 15,000 per month through a Systematic Investment Plan (SIP) for 15 years in an equity mutual fund that offers 15 percent annualised returns, it will accumulate a corpus of Rs 1 crore. ou should start saving early to get the most out of this rule and achieve this goal. Further, since interest rates rarely touch 15 percent these days, investing in equities in good quality stocks can be a way to achieve regular higher returns, said Vikas Singhania, CEO at TradeSmart.
SAMVAT 2077 closed on a blockbuster note with gains of about 40 per cent for the benchmark indices, but experts caution retail investors for the next SAMVAT, which might not be as bright. Retail investors have been front runners in pushing benchmark indices to fresh record highs. The S&P BSE Sensex crossed 62000, while the Nifty50 hits a record high above 18600 in SAMVAT 2077. “SAMVAT 2077 will be remembered for a long time and will find its place in history as one of the strongest and widely participated rallies by retail investors,” Vijay Singhania, Chairman, TradeSmart, said. “Though one would wish for a repeat performance in SAMVAT 2078, it would be asking for too much. Most tailwinds that supported the rally in SAMVAT 2077 continue to remain strong, but one needs to remember that we were operating on a low base during this time, an advantage that will not be present in the current year,” he said. Singhania further added that SAMVAT 2078 can give positive returns but we need to keep our eyes on the two dark clouds – US Bond yields and China slowdown.
Investors are gearing up for Muhurat Trading session scheduled on Thursday, November 4. On the auspicious occasion of Diwali, stock exchanges hold Muhurat trading every year. The one-hour trading session is considered auspicious by many traditional investors in India. Muhurat trading also marks the beginning of the new Samvat or Hindu accounting year. “During Muhurat trading, the trading hours are only for an hour and are generally symbolic. Over the years, Muhurat trading has resulted in market closing higher, since most investors and traders initiate a buy trade," said Vikas Singhania, Chief Executive Officer, TradeSmart.
Vikas Singhania, CEO, TradeSmart, on the occasion of Diwali shares his knowledge on Muhurat Trading - History, significance and why it is a good day to start your market journey. Explaining Muhurat Trading, Vikas Singhania, said, “During the Diwali festival, there is one hour which is considered being very auspicious as per Indian tradition. Astrologers call this time the ‘Muhurat’. Chances for the success of a task are maximized if we do it during the auspicious Muhurat, giving the doer the best possible result. This is the reason we see most businesses, from a small shop to a movie shooting, start their activity based on a good Muhurat. “
Muhurat Trading 2021: During Muhurat Trading, you always need to stay cautious and alert with what you need to follow and what not, keeping a safe play on hand! During this time, there is a huge influx of IPOs as business firms desire to capitalize on the auspiciousness of the occasion and cash in on the eagerness of the investor community. But there are certain Dos and Don’ts to follow to avoid any loss and earn good through wise tricks of trading. Vikas Singhania, CEO, TradeSmart, shares his knowledge on Muhurat Trading's dos and don'ts so as to help you make a wise choice leading to measurable profits.
This Diwali will be good for all equity investors’ and we hope it continues to remain the same in the future, and in the next Diwali, we may see a new set of stocks lighting the way forward, Vikas Singhania, CEO, TradeSmart said in an interview with Zeebiz’s Kshitij Anand.
In India, Diwali marks the beginning of a new financial year. Every year, Indian stock markets open a one-hour trading session called Muhurat Trading to celebrate a good day and start the financial year positively. Muhurat, in simple terms, can be described as the best astrological time of the day. Muhurat Trading has significance as it marks the new year or “Samvat”. A trading platform to consider for Muhurat Trading this Diwali: TradeSmart - A new age digital-first- advanced trading platform. If you are a new investor and wish to attend the process of opening a free Demat account without any hassle, then TradeSmart should be your go-to application. The new AI-enabled E-KYC- feature assists the opening of a seamless error free Demat account. A member of NSE, TradeSmart provides online trading in – Cash, Futures and Options, Currency Derivatives, Commodities, Mutual Funds and ETFs for investors and online traders. TradeSmart offers simplified products – SINE, SWING, SWING API, BOX and TradeSmart MF. The application has a simple and user-friendly interface to facilitate its users with a seamless trading experience.
There are several investment options that can help in making your loved ones wealthy in the long run. According to Vikas Singhania, CEO, TradeSmart, these are different times we are living in, especially with the threat of pandemics still lurking. A stable and secure financial future would be the ultimate gift to the family. “With Diwali almost upon us, family members, especially the younger ones are waiting anxiously for their gifts. While it is important to maintain our culture and traditions, it is equally important to start new ones, especially those that will help improve the financial health of the family,” Singhania told Financial Express.
In a bid to begin the upcoming financial year on a positive note, every year the Indian Stock Exchange market opens for one hour during Diwali – the biggest time to trade in the industry. The entire brokerage community comes together to trade after performing Lakshmi Pujan at this auspicious time which is relevantly called as Muhurat Trading. This year it falls on 4th November, opens at 6:15 PM IST and closes at 7:15 PM IST. A 50 years old tradition – a once in a year one-hour window, still not known by most Indians, is a lost opportunity to make smart money by trading enthusiasts. This is where TradeSmart’s bonafide Muhurat Trading Campaign #SmartAarambh comes into the picture to spread awareness and educate the masses on the significance of Muhurat Trading.
New Fund Offers (NFOs) are generally introduced when the markets are doing well. As this is the time when more people are attracted to markets, giving an opportunity to mutual fund companies to make the most of it. This year also, when markets have mostly done well, several new fund offers were launched by asset management companies (AMCs). According to Vikas Singhania, CEO, TradeSmart, even as the price is low, there are certain risks of investing in an NFO that one should understand. “An NFO is attractive to an investor because of its low price, however, it carries certain risks with it. An existing fund has several years of track record and has a portfolio that can be dissected to see if it matches the investors’ risk, return and volatility profile. On the other hand, an NFO only has the schemes’ offer letter to rely on which generally are too verbose to digest,” Singhania told FE Online.