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NSE (National Stock Exchange of India) has introduced a new index of liquid stocks, namely LIX 15.  LIX 15 Index is designed to provide exposure to the liquid stocks while making the index easily replicable and tradable. In order to make the index easily replicable and tradable, criteria’s such as minimum turnover ratio and free float market capitalization are applied while selection of stocks. The index constitutes only 15 stocks with maximum weight of single stock capped at 15%. Some of the liquid stocks like State Bank of India, Axis Bank and Yes Bank are included in this list. You can download the complete list here  LIX15 stocks    Currently, these  stocks  represent nine industries, 22 per cent of turnover in cash segment and 34 per cent of single stock derivatives turnover in F&O segment on NSE.

Update:As per finance bill FY 15, the exemption limit of Rs. 10,000 on deposits will be per bank basis and not per branch basis. Many people book theirs FDs just by considering a suitable combination of interest rate and the tenure, but little do they know that there are 2 more factors that determine the final return. (1)   Tax Deduction at Source or TDS The first factor is TDS or   Tax Deduction at Source - A bank branch shall deduct the TDS @ 10 % when accumulated interest exceeds Rs. 10,000. This tax deduction not only reduces your interest amount but also deprives you of future return on it. This TDS erodes a significant amount especially when the tenure of the FD is a longer one. Let us understand it with an illustration- An FD (with quarterly compounding option) of Rs. 5,00,000 with a coupon rate of 10 % for a tenure of 5 years, matures to an amount of Rs. 8,19,308 but when TDS is deducted maturity amount reduces to Rs. 7,80,255.  The difference in these two maturity values is Rs

Mr. Joshi was worried as his bank had recently switched its banking software to Flexcube from Finacle and during the transition phase staff at the local branch expressed their inability to issue an interest certificate for all of his fixed deposits. Mr. Joshi was a wise investor and in order to avoid the deduction of TDS on FDs followed by the hassles of tax refund, he had made many small FDs in different branches of the bank using internet banking. As the last date for filing the Income Tax return was nearing, he started to search for FD Interest Calculators on the net.  But those calculators needed to be feed the period of deposit in days or months and calculating the same was not an easy task at all. Mr. Joshi wanted a calculator seeking Start Sate and Maturity Date (instead of period of deposit) only. To cater the need of people like Mr. Joshi, I came with a simple excel calculator with different compounding options. This calculator can be downloaded here . Don't want the ha