Best Tax-Saving Investments for Senior Citizens in 2024 offer an appealing chance to reduce taxed income while building a retirement fund. As the Indian government continues to value the well-being of its older population, various tax benefits and investment schemes have been introduced to urge senior citizens to plan for their golden years. This thorough guide aims to provide an in-depth study of the top tax-saving options for senior citizens in 2024, allowing them to make informed decisions and maximize their retirement savings.

What are Tax-Saving Investments for Senior Citizens?

Tax-saving investments for older citizens refer to financial tools or schemes that offer tax discounts or exemptions on the spent amount or the returns created. These investments are primarily meant to provide tax benefits to people above a certain age, usually 60 or 65 years, allowing them to lower their total tax burden and boost their retirement savings. By investing in these tax-efficient choices, older citizens can enjoy a higher spending income and a more comfortable retired lifestyle.

Overview of the Top 10 Best Tax-Saving Investments for Senior Citizens 

Senior Citizens’ Saving Scheme (SCSS): 

Offered by the Indian government, SCSS is a popular financial choice for senior citizens, offering a set interest rate of 8.6% per annum (as of 2023) and tax benefits on the income made. The plan has a five-year term of 5 years, is renewed up to the age of 80, and allows for a maximum investment of Rs. 15 lakh.

Pradhan Mantri Vaya Vandana Yojana (PMVVY): 

This government-backed pension plan ensures regular income for older people aged 60 and above. Investors can receive payouts monthly, quarterly, half-yearly, or yearly, with the interest rate currently set at 8% per annum (as of 2023). The most significant spending limit is Rs. 15 lakh, and the plan offers tax benefits on the salary received.

Health Insurance Plans: 

Senior citizens can claim tax refunds on fees paid for health insurance plans under Section 80D of the Income Tax Act. This provides financial safety against medical costs while having tax benefits, making health insurance plans an attractive investment choice for seniors.

National Pension System (NPS): 

NPS is a voluntary retirement savings plan that offers tax benefits on payments made under Section 80C and Section 80CCD(1B) of the Income Tax Act. Senior citizens can continue adding to their NPS funds and enjoy tax-free growth and partial tax relief on payments, making it an attractive choice for building their retirement capital.

Public Provident Fund (PPF): 

While PPF is mainly aimed at paid people, older citizens can continue their current funds and enjoy tax rebates on the interest made under Section 10(11) of the Income Tax Act. Additionally, they can claim partial tax benefits on payments made under Section 80C, subject to certain boundaries.

Equity-Linked Savings Scheme (ELSS): 

ELSS mutual funds offer tax refunds on purchases up to Rs. 1.5 lakh per annum under Section 80C of the Income Tax Act. Senior citizens can gain from stock market growth while saving on taxes, making ELSS an attractive investment choice for those with a modest risk stomach.

Fixed savings (FDs): 

Senior citizens can receive better interest rates on fixed savings from banks and post offices compared to regular investors. The interest on these accounts is partly or wholly free from tax under Section 80TTB of the Income Tax Act, based on the investor’s age and total income.

Tax-Saving Bank Deposits: 

Certain bank deposits, such as the Older Citizen Savings Scheme (SCSS) and the 5-Year Tax-Saving Bank Deposits, offer tax benefits on the interest made, making them attractive choices for older citizens. These deposits usually provide higher interest rates than standard savings accounts and offer tax deductions under Section 80C or Section 10(15) of the Income Tax Act.

Post Office Monthly Income Scheme (POMIS): 

This scheme, which the Indian Postal Service implemented, gives older people a steady monthly income for 5 years. The interest made on POMIS is partly or wholly free from tax under Section 80C and Section 80TTB of the Income Tax Act, making it a tax-efficient investment choice for retirement.

Rajiv Gandhi Equity Savings Scheme (RGESS): 

RGESS is a tax-saving plan specially created for first-time users, including older citizens, with an annual income below Rs. 12 lakh. It offers tax discounts on purchases up to Rs. 50,000 in qualified stock and equity-linked assets under Section 80CCG of the Income Tax Act, allowing seniors to join the equity markets while getting tax benefits.

Factors to Consider Before Investing in Best Tax-Saving Investments for Senior Citizens

●    Investment horizon and liquidity needs: Senior citizens should consider their investment horizon and possible liquidity requirements, as some tax-saving investments may have lock-in periods or fines for premature exits.
●    Risk tolerance and investment objectives: Examining one’s risk appetite and investment goals is essential to deciding the proper mix of low-risk, moderate-risk, and high-risk options.
●    Expected returns and tax implications: Senior citizens should assess the expected returns of each investing choice and understand the related tax consequences, including rebates, exemptions, and relevant tax bands.
●    Lock-in periods and exit options: Some tax-saving investments may have lock-in periods, which can impact cash and should be considered based on individual needs.
●    Credibility and image of the investment provider: It is essential to invest in plans offered by respected financial institutions or government bodies to ensure the safety and security of investments.
●    Ease of investment and exit processes: Senior citizens should evaluate the ease of spending and removing funds, considering factors such as paperwork, accessibility, and customer service.
●    Inflation protection and growth potential: With growing life, it is essential to consider investments that offer inflation protection and the potential for capital gain to keep buying power.
●    Availability of additional benefits: Some investments, such as health insurance plans, may provide additional benefits beyond tax savings, which can be helpful for older people.

How to Invest in Best Tax-Saving Investments for Senior Citizens in ?

●    Assess your cash goals, risk appetite, and investment horizon: Evaluate your financial goals, risk tolerance, and the time frame for which you require the investments to produce profits.
●    Evaluate the different tax-saving investment choices and their qualifying criteria: Carefully review the investment choices mentioned in this article, determine which ones fit your financial goals, and meet the qualifying standards based on your age and income.
●    Consult with a financial advisor or tax professional for specific recommendations: Seek help from skilled professionals who can provide personalized advice based on your unique circumstances, considering your general economic situation, tax bills, and investment choices.
●    Gather the needed documents and finish the necessary formalities: Collect the required papers, such as name proofs, age proofs, and income statements, and follow the recommended processes to open or invest in the chosen tax-saving investment options.
●    Choose the financial option that fits your goals and spend the desired amount: After careful thought and professional help, select the most suitable tax-saving investment choice and pay the desired amount, sticking to any relevant investment limits or restrictions.
●    Monitir and review your investments regularly: Regularly watch the success of your investments and review them periodically to ensure they continue to match your changing needs and financial circumstances. Make necessary changes or rebalance your assets to improve returns and tax efficiency.

Conclusion

As older citizens handle the golden years of their lives, investing in tax-efficient tools becomes critical to maximizing retirement savings and ensuring financial security. The Best Tax-Saving Investments for Senior Citizens in 2024 offer various choices, catering to different risk types, investment plans, and financial goals. By carefully examining these financial options and getting professional advice, older citizens can make informed choices, reduce their tax responsibilities, and enjoy a happy retirement.
From government-backed schemes like the Senior Citizens’ Saving Scheme (SCSS) and Pradhan Mantri Vaya Vandana Yojana (PMVVY) to market-linked instruments such as Equity-Linked Savings Schemes (ELSS) and the National Pension System (NPS), senior citizens have a wide array of choices to build a tax-efficient retirement portfolio. Additionally, choices like health insurance plans, tax-saving bank savings, and post office monthly income schemes provide financial protection and tax benefits, ensuring a complete approach to retirement planning.
It is crucial to regularly review and adjust your investment portfolio to line with changing market conditions and personal financial circumstances. Seeking professional help from financial advisors and tax experts can further assist in managing the difficulties of tax rules and finding the most suitable investing strategies.
By taking a proactive approach and utilizing the tax-saving opportunities available, senior citizens can protect their financial future, maximize their retirement savings, and enjoy a secure and wealthy golden age.

Disclaimer:
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

The Bitget Protection Fund, valued at $465 million in April 2024, underscores the platform’s commitment to user security.

Bitget, a leading cryptocurrency exchange and Web3 company, announces the updated valuation of its Protection Fund for April 2024, reaching a peak of $465 million on April 8th and maintaining an average monthly valuation of $428 million. This demonstrates Bitget’s steadfast commitment to fortifying user security and protecting digital assets, with the Protection Fund serving as a cornerstone of the platform’s user-centric approach since August 2022.

Steadfast Support Amid Market Dynamics

Throughout April, Bitget’s Protection Fund remained stable, propelled by market trends and BTC valuation, with an average monthly valuation surpassing the company’s commitment of $300 million pledged in October 2022. Despite a temporary exclusion of USDT storage from the fund to facilitate ecosystem growth, the Protection Fund retains a substantial reserve of 6,500 BTC.

Agile Responses to Emerging Challenges

Employing a self-insured reserve model, Bitget’s Protection Fund operates independently, enabling agile responses to emerging challenges. This autonomy allows the fund to swiftly reallocate resources to mitigate risks and safeguard user assets during turbulent market conditions or unforeseen events, ensuring robust protection against adversities.

Commitment to Transparency and Security

Gracy Chen, Managing Director at Bitget, underscores the platform’s unwavering commitment to security, emphasizing the importance of maintaining the fund valuation above $300 million. Bitget prioritizes transparency by providing verifiable Proof of Reserves data and offering users unrestricted access to comprehensive fund storage information, solidifying its position as a trusted leader in the cryptocurrency exchange industry.

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Salaried people often face the challenge of matching their daily costs with the need to build a strong investment account. Mutual funds provide a handy and flexible option, allowing investors to give small amounts regularly and benefit from the growing effect of returns over time. By investing in a well-diversified group of securities, mutual funds minimize the risks connected with individual stock purchases, making them attractive for paid people wanting long-term wealth building.

Overview of Top 10 Mutual Funds for Salaried Individuals

Axis Bluechip Fund 

This large-cap equity fund aims to provide long-term capital growth by investing in diverse bluechip companies with a strong track record and lasting competitive benefits. The fund is perfect for paid people wanting exposure to known and stable companies.

Mirae Asset Large Cap Fund

Focused on investing in large-cap companies with solid foundations and growth prospects, this fund gives paid people a chance to share in the growth of India’s top corporations. Its strict investment method and skilled fund management team make it a desirable choice.

ICICI Prudential Balanced Advantage Fund

This dynamic asset allocation fund tries to strike a mix between stock and loan investments, giving paid people the potential for capital growth while controlling risk. Its ability to change asset allocation based on market conditions makes it suitable for those seeking modest risk and reliable results.

Parag Parikh Flexi Cap Fund

This fund takes a value investing method, buying across market capitalizations and industries. With a focus on finding cheap companies with solid foundations, this fund offers paid people the chance to benefit from long-term wealth building.

SBI Small Cap Fund

For paid people with a higher risk appetite and a long-term financial plan, this small-cap fund offers exposure to growing companies with prospects for substantial growth. Its diverse portfolio and skilled fund management team hope to capitalize on the growth possibilities in the small-cap section.

Kotak Emerging Equity Fund

This fund works on dealing in mid-cap and small-cap companies with strong growth potential. Salaried people looking to share in the possible upside of new businesses can consider this fund as part of their financial strategy.

UTI Nifty Index Fund

As an index fund, this choice tracks the success of the Nifty 50 index, giving paid people a low-cost and passive investment strategy. It is ideal for those wanting broad market exposure and long-term wealth building through diversity.

HDFC Hybrid Equity Fund

This hybrid fund mixes equity and debt investments, giving salespeople the potential for capital growth while providing a cushion against market instability. Its dynamic asset selection approach aims to create stable results across market cycles.

Invesco India Counter Fund

This counter fund uses a contrarian investment method, buying in stocks that are cheap or out of favor but have firm foundations. Salaried people with a modest to high-risk mindset can consider this fund for wealth-building possibilities.

Quant Active Fund

This actively managed fund uses mathematical models and algorithms to find financial possibilities across market capitalizations. With its focus on data-driven decision-making, this fund offers paid people a unique investment method driven by cutting-edge technology.

Performance of top Mutual Funds for Salaried Individuals 

Factors to Consider While Investing in Mutual Funds for Salaried Individuals in 2024

●    Investment Horizon: Salaried people should properly consider their investment plan and match their mutual fund choices. Funds with a higher stock exposure may be more suitable for those with a more extended investment plan, while debt or mixed funds may be more appropriate for shorter time frames.
●    Risk Tolerance: Understanding one’s risk appetite is essential when choosing mutual funds. Equity funds tend to be more unpredictable but offer higher growth potential, while debt funds are usually more steady but with lower yields.
●    Diversification: Keeping a well-diversified portfolio by investing in a mix of stock, debt, and hybrid funds across different industries and market capitalizations is essential. Diversification helps reduce risk and improves total financial stability.
●    Investment Objective: Salaried people should clearly describe their investment goals, whether it’s wealth building, retirement planning, or meeting specific financial milestones. Different mutual fund types match different investment goals, making it crucial to choose funds appropriately.
●    Expense Ratio: The expense ratio, which reflects the yearly fees paid by the fund, can significantly impact long-term profits. Salaried people should compare price rates across funds and opt for cost-effective choices to maximize their investment results.

How to Invest in Mutual Funds as a Salaried Individual?

Step 1: Assess your cash goals, risk tolerance, and investing timeline.
Step 2: Research and assess different mutual fund choices based on their financial theory, success, and cost rates.
Step 3: Open a demat and trade accounts with a reliable exchange or mutual fund site.
Step 4: Decide the investment amount and consider setting up a Systematic Investment Plan (SIP) for regular payments.
Step 5: Select and put in the chosen mutual funds through lump-sum purchases or SIPs.
Step 6: Monitor the success of your investments periodically and adjust your portfolio as needed.

Conclusion

For paid people in India, investment in mutual funds can be a powerful tool for building long-term wealth and achieving financial protection. By carefully examining the top mutual funds for 2024 and considering factors such as investment timeline, risk tolerance, and diversification, paid people can build a well-balanced strategy tailored to their unique needs. With the direction of financial experts and a focused approach, paid people can unlock the potential of mutual fund investments and pave the way for a safe economic future.

Disclaimer:
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Alibaba stock held a 6% gain in afternoon trading Thursday, helped by a revenue beat from JD.com (JD). Alibaba stock is back above a key support level, but is BABA stock a buy now?

Chinese online retailer JD.com isn’t the growth engine it once was, but investors liked the fact that earnings and revenue growth accelerated slightly from the prior quarter, up 13% and 2%, respectively.

Sellers hits Alibaba (BABA) hard Tuesday despite a slight revenue beat, although buyers pushed the stock well of lows by the close.

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On an adjusted basis, Alibaba earned $1.40 a share, down 10% year over year. Revenue edged higher by 1% to $30.7 billion.

Alibaba also announced a two-part dividend. It includes an annual cash dividend of $1 per American depository share and a “one-time extraordinary cash dividend” of 66 cents per ADS. The total dividend will cost $4 billion, the company said.

In late March, Alibaba abandoned plans to list its logistics arm in Hong Kong, but the news didn’t do anything to lift Alibaba stock out of its downtrend.

Alibaba hoped the listing of its Cainiao Smart Logistics Network would raise $1 billion at a minimum. But Alibaba pulled the listing, citing overall weakness in the Hong Kong stock market.

The cancellation of the listing poses more challenges to a restructuring plan announced last year by Alibaba, which would’ve split the e-commerce giant into six separate companies.

Not that long ago, Alibaba abandoned plans to spin off its cloud computing unit. It also delayed a listing of its Freshippo grocery unit.

In early November 2020, Chinese authorities suspended the $34.5 billion Ant Group IPO in Shanghai and Hong Kong. Ant Group is the fintech arm of Alibaba.

Recent Earnings

BABA stock rallied sharply on Feb. 6 after the company reported fiscal Q3 revenue of $36.7 billion, up 2% from the year-ago quarter and slightly above the $36.16 billion consensus. But adjusted profit fell 4% to $2.67 a a share.

Investors also liked the fact that Alibaba added $25 billion to its share buyback program through March 2027.

Three months earlier, Alibaba stock plunged in mid-November despite reporting an 18% rise in quarterly profit and 6% increase in revenue.

BABA stock surged on Jan. 23 on reports that co-founder Jack Ma and business associate Joe Tsai have been buying shares of BABA stock in recent months.

According to an SEC filing, Tsai purchased $151 million in Alibaba stock in the fourth quarter via his Blue Pool Management family fund. Ma, meanwhile, bought $50 million worth of Alibaba stock. Ma stepped down as the company’s chairman in 2019 and remains a big shareholder.

Alibaba came under selling pressure on Sept. 11 after outgoing CEO Daniel Zhang unexpectedly stepped down as head of the company’ cloud business.

The company said in June that Zhang was departing as chairman and CEO of the company to focus on Alibaba’s cloud intelligence unit. In May, Alibaba announced plans to spin off its cloud business as a separate, publicly traded company.

In December, the company said that CEO Eddie Wu would take over the company’s struggling e-commerce business.

Alibaba Stock News

Alibaba stock soared above its 200-day moving average on July 7 after Chinese regulators fined Alibaba’s financial arm, Ant Group, just under $1 billion.

Chinese regulators halted Ant Group’s IPO in late 2020 for not meeting listing requirements. In April 2021, regulators hit Alibaba with $2.8 billion fine in an anti-monopoly probe. But after three years of regulatory scrutiny, optimism is building that Beijing is close to ending its crackdown on tech firms.

In March 2023, Alibaba announced plans to separate into six separate units.

The company said each business will have the ability raise outside funding and even pursue an IPO. According to report, the company would likely hold on to its cloud/artificial intelligence business and its giant e-commerce operations.

• Cloud Intelligence
• Taobao Tmall Commerce
• Local Services
• Cainiao Smart Logistics
• Global Digital Commerce
• Digital Media and Entertainment

China/U.S. Relations

Sentiment was weak around Chinese stocks in October after the Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, including restrictions on the exports of some types of chips used in supercomputing and artificial intelligence. It also imposed tighter rules on the sale of chip equipment to China.

Alibaba stock rallied sharply in late August last year on reports that Beijing and U.S. regulators were close to an audit-inspection deal.

Increased regulatory scrutiny has weighed on Alibaba and other Chinese stocks for the past couple of years. Besides a strict regulatory environment, Chinese stocks have also been dealing with a slowing economy.

In April 2020, China regulators fined Alibaba $2.8 billion after an antimonopoly probe. At the time, it looked like BABA stock was ready to break out of a downtrend. But the stock got turned away at its 50-day moving average. It tried to rally above the 50-day line again in late April but sellers knocked the stock lower again.

Alibaba Stock Fundamental Analysis

The company has a five-year annualized earnings growth rate of 6%, although fundamentals have weakened considerably in recent quarters.

Join IBD experts as they analyze actionable stocks in the coronavirus stock market rally on IBD Live

Alibaba’s Composite Rating of 67 (on a scale of 1-99 with 99 being the best) is lukewarm and is hurt by soft fundamentals and weak 12-month price performance.

But annual return on equity of 14% helps give Alibaba a respectable SMR Rating (sales + margins + return on equity) of B from IBD Stock Checkup (on an A-to-E scale with A tops).

The Stock Checkup tool quickly identifies group leaders based on a combination of fundamental and technical factors.

Stock Market ETF Strategy And How To Invest

According to Zacks, Alibaba is expected to earn $7.98 a share in its current fiscal year 2025, down 7% compared to fiscal 2024. For fiscal 2026, earnings are expected to rise 14% to $9.07 a share.

Click here to the top-rated stocks in the group.

Alibaba Stock Technical Analysis

Alibaba’s relative strength line started to swing higher when the stock bottomed in the second half of April.

A stock’s relative strength line, found in daily and weekly charts at Investors.com, compares the stock’s daily price performance to the S&P 500. An upward-sloping RS line means the stock is outperforming the S&P 500. A downward-sloping line means the stock is lagging the S&P 500.

Alibaba’s Accumulation/Distribution Rating is solid at B+. The rating is helped by several higher-volume gains in recent weeks.

BABA Stock: Is It A Buy Now?

Overhead supply issues were a concern for Alibaba stock when the stock was more than 30% off its high. Now Alibaba stock is back above all of its key moving averages

Alibaba stock gapped above its 50-day line on Nov. 15 and closed near its session high on a strong day overall for Chinese stocks. Normally, it would’ve been a buy signal but BABA’s 200-day moving average at the time around 89.50 was a potential resistance level to watch.

Alibaba stock struggled to make progress after climbing off lows in January. But buyers pushed the stock sharply higher ahead of its fiscal Q4 report.

Buyers pushed Alibaba off lows Tuesday, resulting in a strong close for a down session. With Alibaba holding above its 200-day moving average, and the stock market on a confirmed uptrend, Alibaba is actionable now.

Follow Ken Shreve on Twitter at @IBD_KShreve for more market insight and analysis right now.

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Best Investment Options in India 2024 will cater to a broad range of investment types, each looking to strike the right balance between risk and return. As the Indian economy shows resilience and growth potential, intelligent investors constantly explore new business paths to maximize their wealth creation possibilities. This thorough piece aims to list of Best Investment Options in India 2024, provide an in-depth review of the top investment plans available in India for 2024, divided by risk profiles, enabling investors to make informed choices and manage complex financial markets confidently.

What is A Low-Risk Investment?

A smaller potential usually marks low-risk investments for significant cash returns but offers excellent safety and security for an investor’s principal investment. These choices are ideal for individuals with a lower risk tolerance or those looking to protect their capital while creating small profits. Some key traits of low-risk purchases include:

●    Capital preservation: The primary goal is to shield the spent capital from significant losses, ensuring the safety of an investor’s principal investment.
●    Stable returns: Low-risk investments generally offer reliable and regular returns, albeit lower than higher-risk choices, giving a steady stream of income or small growth.
●    Liquidity: Many low-risk investments offer high liquidity, allowing investors to reach their funds relatively easily when needed, improving financial freedom.
●    Low volatility: These investments are less subject to market changes, providing security and safety for investors seeking a better investment trip.
●    Diversification: Low-risk investments can serve as a diversification tool within a more significant investment plan, helping to reduce total risk.
●    Suitable for short-term goals: Low-risk choices are often ideal for short-term financial aims or as a parking ground for funds, allowing buyers to meet their immediate or near-term financial needs.
●    Guaranteed returns: Certain low-risk investments, such as fixed accounts or government bonds, may offer guaranteed returns, providing buyers security and stability.
●    Risk mitigation: Low-risk investments play a crucial role in reducing the overall risk in an investment portfolio, acting as a calming force amid market instability.

Here are A Few Low-Risk Best Investment Options in India

●    Fixed Deposits (FDs): Offered by banks and financial institutions, fixed deposits provide a sure rate of return over a set time, making them a popular low-risk investment choice.
●    Government Bonds: Issued by the national or state governments, bonds are considered low-risk investments due to the seller’s trustworthiness and provide a set interest rate over the bond’s term.
●    Recurring Deposits (RDs): Similar to fixed deposits, recurring deposits involve spending a set amount regularly, allowing investors to build savings while making interest.
●    Liquid Funds: These are open-ended debt mutual funds that invest in highly liquid, short-term instruments, offering buyers easy entry to their funds while earning small profits.
●    Debt Mutual Funds: In debt assets like bonds and fixed-income stocks, debt mutual funds aim to provide stable results with relatively low risk.
●    Post Office Savings Schemes: Offered by the Indian Postal Service, these schemes, such as the Public Provident Fund (PPF) and National Savings Certificates (NSCs), provide reasonable interest rates and tax perks, making them popular low-risk investment choices.
●    Bank Savings Accounts: While offering relatively low returns, savings accounts with banks provide easy access to funds and serve as a safe place for parking short-term investments or emergency funds.
●    Public Provident Fund (PPF): A long-term savings plan backed by the government, the PPF offers tax benefits, increasing returns, and a slightly higher interest rate than other low-risk choices.

What is A Medium-Risk Investment?

Medium-risk investments strike a mix between possible profits and related risks. These choices offer higher returns than low-risk investing but also carry a moderate amount of risk. Medium-risk options usually benefit buyers with a tolerable risk tolerance and longer investment horizons. Some key traits of medium-risk trades include:

●    Potential for capital appreciation: Medium-risk investments offer the chance for capital growth over time, possibly allowing investors to grow their wealth through smart investment decisions.
●    Moderate volatility: These investments may experience mild changes in value due to market conditions, needing buyers to have a particular risk tolerance.
●    Diversification benefits: Investing in a range of medium-risk assets can provide diversification benefits to a portfolio, helping to reduce total risk and improve profits.
●    Longer investment horizons: Medium-risk investments often wait longer to achieve their full potential, allowing investors to ride out market swings and gain from compounding effects.
●    Balanced risk-return profile: These investments aim to give returns commensurate with the risk taken, striking a balance between growth potential and risk management.
●    Active management: Some medium-risk choices, such as actively managed mutual funds, involve professional management to handle market conditions and make informed investment decisions.
●    Suitable for long-term goals: Medium-risk investments can be appropriate for long-term financial aims like retirement planning or school funding, where buyers have the time frame to weather market swings.
●    A blend of growth and income: Certain medium-risk investments may offer a blend of capital gain and regular income, providing investors with the dual benefits of wealth building and cash flow.

Here Are A Few Medium-Risk Best Investment Options in India

●    Equity Mutual Funds: Investing in a diverse collection of stocks, equity mutual funds aim to create capital growth over the long term while controlling risk through professional management and diversity.
●    Balanced Mutual Funds: These funds deal in a mix of stock and loan products, exposing buyers to both growth prospects and stable income.
●    Corporate Bonds: Issued by companies, corporate bonds offer higher interest rates than government bonds but carry a higher amount of risk based on the stability of the seller.
●    Real Estate Investment Trusts (REITs): REITs invest in income-generating real estate assets, giving owners exposure to the real estate market and the possibility for capital growth and regular income payments.
●    Exchange-Traded Funds (ETFs): ETFs are investment funds that track the performance of specific indices, sectors, or asset classes, giving investors diversity and the potential for growth while dealing like stocks on markets.
●    National Pension System (NPS): A government-backed pension plan, NPS allows users to pay towards their retirement fund while gaining from market-linked returns and tax benefits.
●    Unit-Linked Insurance Plans (ULIPs): ULIPs mix investment and insurance, giving clients the possibility for capital growth through exposure to stock and debt markets and life insurance coverage.
●    Dividend-paying Stocks: Companies with a steady track record of paying dividends can provide investors with regular income and the potential for capital growth, making them a medium-risk investment choice.

What is A High-Risk Investment?

High-risk investments are marked by their ability to create big profits but also carry higher risk and uncertainty. These choices are usually suitable for investors with a higher risk tolerance, longer financial horizons, and the ability to withstand significant market swings. Some key features of high-risk trades include:

●    Potential for significant capital appreciation: High-risk investments offer the possibility of substantial capital gains over time, allowing investors to achieve considerable wealth growth.
●    High volatility: These investments are subject to significant price changes, which can result in big gains or losses, requiring buyers to have a substantial risk stomach.
●    Specialized knowledge and research: High-risk investments often require specialized expertise and thorough research to make informed choices, as they may involve complex financial tools or new markets.
●    Longer investment horizons: High-risk options usually require a longer waiting time to achieve their full potential and ride out market cycles, requiring patience and a long-term view from investors.
●    High potential returns: The higher level of risk connected with these investments is usually offset by the potential for higher returns, giving investors the chance to make outsized gains.
●    Diversification issues: High-risk investments may pose challenges in portfolio diversification due to their focused nature, requiring careful thought and risk management strategies.
●    Active tracking: These investments require active monitoring and may necessitate frequent changes based on market conditions, demanding a hands-on approach from investors.
●    Risk tolerance: High-risk investments are ideal only for investors with a high-risk tolerance and the ability to withstand substantial losses, as the possibility for significant gains is also followed by the risk of substantial losses.

Here Are A Few High-Risk Best Investment Options in India 2024

●    Cryptocurrencies: Digital or virtual currencies like Bitcoin and Ethereum work on independent blockchain technology, giving investors the potential for substantial returns and bringing significant instability and governmental risks.
●    Startup Investments: Investing in early-stage or startup companies can allow investors to benefit from new ideas and disruptive business models. However, these investments are naturally risky, with a high failure rate among startups.
●    Commodity Trading: Investing in commodities like gold, oil, or farm goods can offer diversification benefits and the potential for significant gains, but commodity markets are known for their instability and sensitivity to global supply and demand factors.
●    Options Trading: Options contracts give buyers the right, but not the responsibility, to buy or sell an underlying object at a fixed price and date. While options trading can be a vital tool for experienced investors, it also brings a high level of risk and takes a deep understanding of market trends.
●    Venture Capital Funds: These funds invest in early-stage companies with high growth potential, giving investors the chance to share in the success of new businesses but with a higher level of risk and illiquidity.
●    Peer-to-Peer (P2P) loan: P2P loan sites connect users directly with individual lenders, avoiding established financial institutions. While offering higher yields, P2P lending carries financial risk and may lack the legal control of traditional loan institutions.
●    Forex selling: The foreign exchange (forex) market involves trading currencies, giving buyers the potential for substantial gains due to the high volume and volatility of the market, but also having significant risks, including leverage and market uncertainty.
●    Speculative Stocks: Investing in speculative or high-risk stocks, such as those of companies with unknown business plans or in developing sectors, can yield substantial returns, but these investments are hazardous and carry a heightened risk of significant losses.

Conclusion

As the Indian financial environment continues to change, investors in 2024 will be presented with various investment choices catering to multiple risk types and investment goals. From low-risk investments that favour capital protection to high-risk projects offering substantial growth potential, the choice ultimately depends on individual risk tolerance, investment goals, and financial objectives. By carefully considering these choices and building a well-diversified portfolio, investors can confidently handle the market’s difficulties and achieve their long-term financial goals.
It is crucial to remember that while high-risk options offer the potential for hefty profits, they also carry a higher level of risk and instability. Investors should consider their risk tolerance, business goals, and general financial situation before giving funds to high-risk choices. Seeking professional guidance and performing detailed research can aid in making informed choices that fit with individual financial goals and risk profiles.

Disclaimer:
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Advanced Micro Devices (AMD) was one of the first to follow Nvidia into the artificial intelligence market. It’s starting to pay off for Santa Clara-based AMD. Its stock powered more than 200% higher from an October 2022 low 54.57 to trade at about 164 Thursday afternoon. Also on Thursday, the Relative Strength (RS) Rating for AMD stock climbed to 84, up from 80 the day before.

The upgraded 84 RS Rating for AMD stock shows the chipmaker’s stock is in the top 16% of all stocks in IBD’s database. It’s a notable distinction. Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they launch their biggest runs.

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AMD Stock Rising. Setting Up For Breakout?

Additionally, AMD is a leader in the artificial intelligence revolution. It competes with Intel (INTC) on microprocessors, the “brains” of computers. And it competes with Nvidia (NVDA) with a graphics processor, the chip technology that servers use to process AI transactions.

Risk Management In The Stock Market: How Much Money To Invest Now

AMD is in position for growth, and it has good ratings. However, please note its fundamentals could use improvement. Analyst consensus is that improvement could be just around the corner.

The watchlist candidate last quarter reported a mild 3% gain in EPS to 62 cent on 2% higher revenue of $5.47 billion.The consensus forecast is for a 60% surge in EPS this quarter on a 7% rise in revenue, with even stronger growth projected later this year.

Meanwhile, among its other key ratings AMD has a bullish 89 Earnings Per Share Rating out of 99. Its Composite Rating is a so-so 78, and its SMR Rating (sales + profit margins + return on equity) is a middling C on an A-to-E scale.

Funds Are Piling Into This AI Play

Reflecting its just-OK fundamentals, AMD stock has a weak E Accumulation/Distribution Rating, a gauge of buying by institutional investors. Still, tipping their hand that they see new highs ahead, the number of funds that track AMD stock rose from 4,060 in September to 4,226 in December. The number climbed to 4,357 in March, according to MarketSurge data.

AMD stock was up Thursday afternoon. It’s more than 5% past a 125.72 entry in a second-stage cup with handle. That means it’s now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

AMD stock holds the No. 13 rank among its peers in the 39-stock Electronics-Semiconductor Fabless industry group. NVIDIA (NVDA), Arm Holdings (ARM) and Broadcom (AVGO) are among the top 5 highly rated stocks in the group.

IBD’s proprietary RS Rating measures technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

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Gold has long been considered a safe-haven asset and a hedge against inflation and economic instability. Investing in gold can help diversify a financial portfolio and provide steadiness during market instability. While real gold has usually been the chosen financial route, gold mutual funds offer a handy and cost-effective way to gain exposure to the valuable metal. This piece reviews the best gold mutual funds to buy in India in 2024, their success, and the factors to consider before buying.

What are Gold Mutual Funds?

Gold mutual funds are specialized mutual fund schemes that mainly invest in gold-related products, such as gold bars, gold exchange-traded funds (ETFs), or stocks of companies involved in the gold mining and research business. These funds aim to expose investors to the price changes of gold, allowing them to benefit from the possible growth of the valuable metal without directly keeping or saving gold.

Overview of Top 10 Best Gold Mutual Funds to Invest in India 2024

HDFC Gold Fund: This open-ended Fund mainly deals with real gold of 99.5% quality. It aims to generate returns that nearly match those created by investing in real gold.

ICICI Prudential Gold Fund: This Fund invests in real gold and gold-related products, hoping to provide investors with profits that closely track the local prices of gold.

Nippon India Gold Savings Fund: This Fund invests mainly in gold bars and related products, exposing buyers to real gold’s price changes.

Aditya Birla Sun Life Gold Fund: This Fund mainly invests in gold bars and related assets to give returns that closely track the performance of gold prices.

DSP BlackRock World Gold Fund: This invests in stock and equity-related assets of gold mining, research, and production businesses worldwide.

Kotak Gold Fund: This invests in gold bars and related assets, hoping to provide returns that closely match those created by dealing in real gold.

Invesco India Gold Fund: This Fund mainly invests in gold bars and related products, exposing buyers to real gold’s price changes.

Mirae Asset Gold Exchange Traded Fund: This ETF tracks the local prices of gold and aims to provide returns that nearly match the returns produced by investing in real gold.

Axis Gold Exchange Traded Fund: This ETF deals in real gold and aims to provide profits that closely track the local prices of gold.

SBI Gold Fund: This Fund invests in gold bars, gold-related assets, and other stocks that provide exposure to the gold mining and research business.

Performance List of Best Gold Mutual Funds in India

How to Find The Best Gold Mutual Funds?

Identifying the best gold mutual funds requires careful study and consideration of various factors. Here are some steps you can follow:

●    Examine the Fund’s Investment Aim: Ensure that the Fund’s investment aim fits with your financial goals and risk tolerance. Gold funds can have different goals, such as watching the price of real gold or investing in gold mine businesses.
●    Evaluate the Fund’s Performance: Analyze the Fund’s success over different periods, considering both returns and volatility. Compare its performance against relevant standards and peers to rate its stability and risk-adjusted results.
●    Review the Fund’s Expense Ratio: Gold funds can have different cost rates, impacting your total results. Opt for funds with reasonable cost ratios to maximize your possible gains.
●    Consider the Fund Manager’s Experience: Evaluate the fund manager’s knowledge, track record, and investing strategy. A seasoned fund manager with a steady financial method can be helpful for long-term success.
●    Analyze the Fund’s Portfolio: Examine its Fund’s makeup to understand its exposure to gold-related products, industries, and regional regions. Diversification can reduce risks connected with buying in a single asset class.
●    Check the Fund’s Risk Profile: Assess the Fund’s profile and ensure it fits your general investing strategy and risk tolerance. Gold funds can be subject to market instability and changes in gold prices.

Why Should You Invest in Gold Through Mutual Funds?

Investing in gold through mutual funds offers several benefits over absolute gold ownership:

●    Professional Management: Gold mutual funds are handled by experienced fund managers who study and deal with gold and gold-related products.
●    Diversification: Gold mutual funds provide diversification benefits by investing in a basket of gold-related assets, lowering the risk of investing in a single asset.
●    Cost-effectiveness: Investing in gold mutual funds removes the need for physical storage, insurance, and other costs involved with having actual gold.
●    Liquidity: Gold mutual fund units can be easily bought or sold, allowing investors to access their capital as needed.
●    Convenience: Gold mutual funds offer a simple way to gain exposure to gold without the trouble of directly keeping or saving the valuable metal.

Benefits of buying on Best Gold Mutual Funds

Investing in the best gold mutual funds in India 2024 can offer several benefits:

●    Diversification: Gold is often considered a safe-haven asset and can help broaden an investment strategy, offering a hedge against market instability and economic unpredictability.
●    Potential for capital appreciation: Gold prices tend to rise during economic turmoil, inflation, or international issues, offering the potential for capital appreciation.
●    Liquidity: Gold mutual funds offer liquidity, allowing buyers to buy or sell units with ease, unlike actual gold, which can be more challenging to trade.
●    Professional management: Experienced fund managers handle the selection and management of gold-related products, giving buyers professional knowledge.
●    Affordable investment: Gold mutual funds allow investors to gain exposure to gold with a relatively small investment amount, making it an easy choice for various investor types.

Factors to Consider Before Investing in Best Gold Mutual Funds

Before buying the best gold mutual funds, it’s essential to consider the following factors:

●    Investment objective: Determine your investment goals and ensure that the gold mutual fund fits your aims, whether capital growth, variety, or a hedge against inflation.
●    Risk tolerance: Gold prices can be volatile, and gold mutual funds may experience changes in their yields. Assess your risk level and spend appropriately.
●    Investment horizon: Gold investments are usually suitable for long-term buyers, as short-term price changes can impact profits. Determine your financial plan and choose a fund that fits your time frame.
●    Expense ratio: Compare the expense ratios of different gold mutual funds to ensure you’re not paying excessive fees, which can reduce your profits over time.
●    Fund performance: Evaluate the Fund’s performance over different periods and compare it with relevant standards and peers to measure its stability and risk-adjusted results.
●    Fund manager experience: Consider the knowledge and track record of the fund manager(s) handling the gold mutual Fund. Fund knowledge and financial mindset can significantly affect the Fund’s funds.
●    Portfolio composition: Analyze the Fund’s makeup to understand its exposure to gold-related products, sectors, and regional regions. Diversification within the gold asset class can reduce risks.
●    Tax implications: Understand the tax implications of buying gold mutual funds, as the tax approach may vary based on factors such as the holding time and the type of Fund (eFundy or debt-oriented).
●    Entry and exit loads: While participating in gold mutual funds, be aware of any entry or exit loads that may be relevant, as these can impact your total profits, especially for short-term investments.
●    Lock-in periods: Some gold mutual funds may have lock-in periods, during which you cannot recover your investment. Ensure that the lock-in term, if any, fits with your financial plan and cash needs.

By carefully considering these factors, you can make an informed choice and choose the best gold mutual fund that fits your investment goals, risk tolerance, and general financial plan.

Conclusion

Investing in gold mutual funds can broaden your financial portfolio and gain exposure to the valuable metal market. The 10 best gold mutual funds featured in this article offer investors a range of choices, catering to different investment goals, risk profiles, and investment horizons. By conducting detailed research, reviewing fund success, and considering factors such as cost ratios, portfolio makeup, and fund manager experience, investors can make informed choices and benefit from the potential growth and security of gold investments.
However, it’s important to remember that buying in gold mutual funds, like any other investment, carries risks, and past success does not promise future results. Seeking professional financial advice and performing regular portfolio reviews can ensure that your investments match your long-term financial goals and risk tolerance.
 

Disclaimer:
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

(Bloomberg) — Billionaire investor David Tepper loaded up on beaten-down Chinese stocks last quarter while reducing stakes in high-flying US tech firms, leading hedge fund managers who are slowly warming up to China amid a record gap in valuations between the two markets.

Most Read from Bloomberg

Tepper’s Appaloosa Management more than doubled its investment in Alibaba Group Holdings in the first three months of the year, making the Chinese e-commerce giant the biggest position in its $6.7 billion equity portfolio, according to a regulatory filing. The fund also raised its stakes in PDD Holdings and Baidu Inc., while adding JD.com and two Chinese exchange-traded funds as new buys during the quarter.

As Tepper built up positions in Chinese stocks, he trimmed holdings in so-called Magnificent Seven stocks, including Amazon.com, Microsoft Corp., Meta Platforms Inc. and Nvidia Corp. The result: Chinese shares and ETFs accounted for 24% of the fund’s equity portfolio as of the end of the quarter.

Tepper is among global investors who are cautiously returning to Chinese stocks after a meltdown earlier this year sent their valuations to a record discount relative to their US peers. As a group, hedge funds lifted their holdings in Alibaba, PDD and Baidu during the quarter, while scaling back on companies including JD.com and two electronic vehicle makers — Nio Inc. and Li Auto, according to the quarterly filing data.

Their purchases were well-timed. The MSCI China Index has surged almost 30% since its January low, as state-backed funds stepped in to support the market and Beijing’s economic stimulus started to gain traction.

Even after the rebound, the China benchmark is still trading at less than half of the valuation of the S&P 500 Index, which notched a fresh record this week. As of mid-April, hedge funds’ net allocations in China increased only slightly above their lowest levels in five years, according to Goldman Sachs Group Inc.

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Among bargain hunters in China, few hedge fund managers were more aggressive than Tepper. His investment in Alibaba was worth more than $800 million at the end of March, or 12% of his stock holdings, making him among the largest investors in the company. Appaloosa was also among the largest hedge fund investors in the $5.2 billion iShares China Large-cap ETF (FXI) and $6.4 billion KraneShares CSI China Internet Fund (KWEB).

Story continues

Tepper didn’t immediately respond to an e-mail by Bloomberg News seeking comment.

Chinese tech giants reported mixed earnings this week. While JD.com posted better-than-anticipated revenue increases and Tencent Holdings Ltd.’s net income surged, Alibaba and Baidu reported lackluster results.

Tepper, who founded Appaloosa Management in 1993, is worth about $20 billion, according to the Bloomberg Billionaires Index.

–With assistance from Amy Li and Amanda Cantrell.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Securing suitable funding is a critical aspect of any business effort, whether it’s a beginning or an established company. Company loans are vital in providing the necessary cash to pay for various company activities, such as buying tools, growing operations, investing in new projects, or meeting working capital needs. With the ever-evolving business environment and increasing competition, companies in India are constantly seeking financial solutions that offer freedom, competitive interest rates, and fair payback terms.

What is a Business Loan?

A business loan is a lending tool given by banks and financial institutions to companies and individuals. It allows users to access funds for various reasons linked to their business operations, such as getting assets, financing goods, hiring workers, or paying running costs.

How Business Loans Work?

Banks and financial institutions assess loan applications based on several factors, including the borrower’s trustworthiness, business plan, security (if needed), and the general success of the venture. Upon acceptance, the loan amount is released, and the client is expected to return the initial amount along with interest over a defined term. The provider decides the interest rate, return plan, and other terms and conditions based on their policies and the borrower’s risk profile.

Overview of Top 10 Best Business Loans in India

State Bank of India (SBI) Business Loan

SBI’s business loan offers are designed to cater to various areas, including production, trade, services, and farms. With low interest rates starting from 8.5% and flexible payback tenures ranging from 1 to 7 years, SBI’s business loans are attractive for companies seeking capital. Their loan products include term loans, working capital loans, and specialty financial options for specific industries.

HDFC Bank Business Loan

HDFC Bank offers a complete range of business loan options, including loans for SMEs, companies, and specific industries. Their interest rates start from 8.75%, with payback tenures running from 1 to 7 years, making them a competitive choice for businesses wanting financing. HDFC Bank’s loan products include term loans, working capital loans, and industry-specific lending choices.

ICICI Bank Business Loan

ICICI Bank’s business loan products include working capital loans, term loans, and industry-specific lending choices. Their interest rates start from 9%, with payback tenures running from 1 to 10 years, based on the loan type and business needs. ICICI Bank’s loan offers cater to various industries and business types.

Axis Bank Business Loan

Axis Bank offers working capital loans, term loans, and industry-specific funding options. Their interest rates start from 9.25%, with payback tenures running from 1 to 10 years, catering to the varied wants of companies across various sectors. Axis Bank’s business loan solutions support companies’ growth and development goals.

Kotak Mahindra Bank Business Loan

Kotak Mahindra Bank offers working capital loans, term loans, and specialty financial options for healthcare, education, and green energy. Their interest rates start from 9%, with payback tenures running from 1 to 10 years, based on the loan type and business needs. Kotak Mahindra Bank’s loan options are designed to meet the unique needs of different businesses.

Bank of Baroda Business Loan

Bank of Baroda’s business loan caters to industry, trade, services, and farm areas. Their interest rates start from 8.75%, with payback tenures running from 1 to 7 years, making them a reasonable choice for businesses wanting financing. Bank of Baroda’s loan offerings include term loans, working capital loans, and industry-specific lending solutions.

IndusInd Bank Business Loan

IndusInd Bank offers working capital loans, term loans, and specialty financing solutions for production, trade, and services. Their interest rates start from 9.25%, with payback tenures running from 1 to 10 years, catering to the various wants of companies. IndusInd Bank’s loan products are meant to support companies’ growth and development goals across different sectors.

Punjab National Bank (PNB) Business Loan

PNB offers working capital loans, term loans, and industry-specific funding choices. Their interest rates start from 8.5%, with payback tenures running from 1 to 7 years, making them a competitive option for financing businesses. PNB’s loan products are designed to meet the varied needs of small, middle, and big companies.

Federal Bank Business Loan

Federal Bank’s business loan goods cater to various fields, including manufacturing, trade, services, and farms. Their interest rates start from 8.75%, with payback tenures running from 1 to 7 years, making them an attractive choice for businesses seeking financing. Federal Bank offers term loans, working capital loans, and industry-specific funding options.

Yes Bank Business Loan

Yes Bank offers working capital loans, term loans, and industry-specific funding options. Their interest rates start from 9.5%, with payback tenures running from 1 to 10 years, catering to the wants of companies across various sectors. Yes, the Bank’s loan packages are meant to help continue.

Factors to Consider Before Taking a Business Loan in India

While business loans can provide the necessary financial support for your company, it’s crucial to consider several factors before asking for Best Business Loan in India. Here are some essential factors to keep in mind:
●    Credit Score: A good credit score can improve your loan acceptance chances and secure better interest rates. Banks and financial institutions strongly depend on credit scores to measure the reliability of borrowers.
●    Collateral Requirements: Depending on the loan amount and the lender’s rules, you may need to provide collateral, such as property, equipment, or goods, to protect the loan. Understand the security standards and ensure that you have adequate assets to pledge.
●    Business Plan: A well-structured and thorough business plan is essential when requesting a business loan. It should show the feasibility of your business, expected income streams, and a clear payback plan.
●    Loan Purpose: Clearly describe the purpose of the loan and how the borrowed funds will be utilized. Lenders prefer to finance specific business goals rather than general costs.
●    Interest Rates: Compare interest rates offered by different lenders to find the most cost-effective choice. Higher interest rates can significantly impact your overall payback load, so discussing the best rates is crucial.
●    Payback Terms: Carefully assess the payback term and ensure that the loan’s EMIs (Equated Monthly Installments) match your cash flow forecasts. A reasonable payback plan can help you avoid failing on loan payments.
●    Additional fees: Be aware of any extra fees linked with the loan, such as handling fees, prepayment fines, or late payment charges. These can add to the general cost of the loan.
●    Documentation Requirements: Understand the paperwork needs of the provider, such as financial records, tax reports, business licenses, and other related papers. Ensuring you have all the necessary papers can ease the loan application process.

Conclusion

Securing the right business loan can be a game-changer for individuals and companies in India. With the diverse range of loan products offered by different banks and financial institutions, companies can access the necessary capital to fuel their growth and achieve their goals. By carefully examining the offers, interest rates, payback terms, and other factors, companies can make informed choices and choose the best business loan that fits their unique requirements. As the Indian economy continues to thrive, the supply of business loans will play a vital role in supporting startup projects and driving economic growth.
 

Disclaimer:
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Semiconductor equipment vendor Applied Materials (AMAT) late Thursday beat estimates for its fiscal second quarter and guided above views for the current period. But AMAT stock fell in extended trading.

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The Santa Clara, Calif.-based company earned an adjusted $2.09 a share on sales of $6.65 billion in the quarter ended April 28. Analysts polled by FactSet had expected earnings of $1.99 a share on sales of $6.54 billion. In the year-earlier period, Applied Materials earned an adjusted $2 a share on sales of $6.63 billion.

For the current quarter, Applied Materials expects to earn an adjusted $2.01 a share on sales of $6.65 billion. That’s based on the midpoint of its guidance. Wall Street was modeling earnings of $1.98 a share on sales of $6.59 billion in the fiscal third quarter. In the year-earlier period, Applied Materials earned an adjusted $1.90 a share on sales of $6.43 billion.

In after-hours trading on the stock market today, AMAT stock retreated 1.5% to 210.90. During the regular session Thursday, AMAT stock sank 1.5% to close at 214.17.

On Wednesday, AMAT stock broke out of a flat base at a buy point of 214.91, according to IBD MarketSurge charts.

Further, Applied Materials is on the IBD Tech Leaders list.

Earnings report details to follow.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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