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Share market Info. Sensex:. The Sensex is an "index“ What is an index? An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down
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Sensex: • The Sensex is an "index“ • What is an index? • An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down • the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE
Nifty • The Nifty is an indicator of all the major companies Of NSE
BSE : • Founded :1875 • Owner :Bombay Stock Exchange Limited • Key people :Madhu Kannan (CEO & MD) • Currency : Indian rupee • No. of listings :5,085 • MarketCap :US$1.8 trillion (Dec 2010) • Volume : US$231 billion (Nov 2010) • Indexes BSE SENSEXBSE Small CapBSE Mid-CapBSE 500 • Website : www.bseindia.com
BSE : • The Bombay Stock Exchange (BSE) is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia • The BSE has the largest number of listed companies in the world. • there are over 5,085 listed Indian companies
NSE : • Type :Stock Exchange • Location :Mumbai, India • Founded :1992 • Owner : National Stock Exchange of India Limited • Key people :Ravi Narain (MD) • Currency :Indian rupee • No. of listings :1,552 • MarketCap :US$1.59 trillion (Dec 2010)[1] • Indexes • S&P CNX NiftyCNX Nifty JuniorS&P CNX 500 • Website :www.nseindia.com
NSE : • The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India • It is the 9th largest stock exchange in the world • NSE has a market capitalization of around US$1.59 trillion and over 1,552 listings as of December 2010 • The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India
NSE : Market segment • Equity • Futures and options • Retail debt market • Wholesale debt market • Currency futures • Mutual fund • Stocks lending and borrowing
NSE :Hours • NSE's normal trading sessions are conducted from 9:15 am India Time to 3:30 pm • India Time on all days of the week except Saturdays, Sundays and Official Holidays declared by the Exchange • October 2010 Launch of 15-minute special pre-open trading session, a mechanism under which investors can bid for stocks before the market opens
NSE :Exchange Traded Funds on NSE • Nifty – Benchmark ETF (NIFTYBEES) • Junior Nifty – Benchmark ETF (JUNIORBEES) • Bank – Benchmark ETF (BANKBEES) • PSU Bank – Benchmark ETF (PSUBNKBEES) • S&P CNX Nifty UTI Notional Depository Receipts Scheme (UTISUNDER) • KOTAK PSU Bank ETF (KOTAKPSUBK) • Reliance Banking ETF (RELBANK) • Quantum Index ETF (QNIFTY) • KOTAK NIFTY (KOTAK NIFTY) • MOSt Shares M50 ETF (M50) • Infrastructure – Benchmark ETF (INFRABEES) • MOSt Shares M100 ETF (M100)
Mutual Fund • A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities • Net asset value or NAV • A fund's net asset value or NAV equals the current market value of a fund's holdings minus the fund's liabilities (sometimes referred to as "net assets"). It is usually expressed as a per-share amount, computed by dividing by the number of fund shares outstanding
MF : History • The first mutual funds were established in Europe • One researcher credits a Dutch merchant with creating the first mutual fund in 1774. • The first mutual fund outside the Netherlands was the Foreign & Colonial Government Trust
MF : Types • Open-end funds Open-end mutual funds must be willing to buy back their shares from their investors at the end of every business day at the net asset value computed that day • Closed-end funds Closed-end funds generally issue shares to the public only once, when they are created through an initial public offering • Unit investment trusts Unit investment trusts or UITs issue shares to the public only once, when they are created. Investors can redeem shares directly with the fund or they may also be able to sell their shares in the market
MF : Investments and classification • Money market funds • Bond funds • Stock or equity funds • Hybrid funds
MF : Expenses • Distribution charges • Front-end load or sales charge • Back-end load • 12b-1 fees ( Annual Fee ) • No-load funds • Share classes • Management fee • Shareholder transaction fees • Securities transaction fees
MF : Advantage • Increased diversification • Daily liquidity • Professional investment management • Ability to participate in investments that may be available only to larger investors
MF : Disadvantage • Fees • Less control over timing of recognition of gains • Less predictable income • No opportunity to customize