Mutual fund investments reduced in IT stocks

Huge minimization has been seen this year in the percentage of terms of MF (Mutual Funds) holdings in the IT (Information Technology) sector. This is the biggest fall till now from 11.9% to 9.2% between sectors during 2016-2017. Also, The MF investments in IT stocks fall down in April of this year to Rs.16,557 crores which are the lowest in the time period of four months.

According to the SEBI (Securities and Exchange Board of India) which is the regulator of the market, MFs have diminished to 8.95% of the total equity AUM (Assets under Management) which is Rs.1.85 lakh crores in IT sector in April this year. This was the lowest since January 2013 when the investment in equity funds was Rs.16,467 crores which are 7.99% of total MFs in the IT sector.

MF

In the major sectors, pharmaceuticals disclosure was 7.76% of AUM which is Rs.14,352 crores, and consumer non-durables disclosure was 7.13% which is Rs.13,183 crores, finance disclosure was 5.57% which is Rs.10,313 crores and petroleum products disclosure was 5.21% which is Rs.9,367 crores.

On the other side, MFs make a hike in the holdings in banks from 20.12 % to 20.85% one month before. The MF industry allowance has increased to Rs.39,574 crores from 34,967 crores in the banking stocks.

The disclosure of MFs to financial services sector has extended to 27.9% from 25.5% in the FY17 than in FY16. HDFC bank is still in the 1st position with Rs.28,722 crores in the market value of MF holdings in the stock. It is the highest MF holdings in the stock for any particular. HDFC alone has approximately 5% of the MF holding in terms of value. ICICI bank is in the 2nd position in the list of MF holdings in the stock with Rs.22,819 crores. The 3 banks in India which are SBI, ICICI, and HDFC combined holds 12.23% of overall MF holdings in the stock.

On the other hand, Sensex heavyweight ITC was the most purchased between 2016and 2017 in terms of large cap stock and this is because of the reason that a combination of EPFO (Employees Provident Fund Organization) runs in the Nifty. Indian Oil and GAIL (India) were the names in the top of the list that has adjoined in the large cap segment while Engineers India and Shriram City Union Finance were at the top in addition to small or mid cap segment.

Features of India Post Android App

Postinfo – Department Posts Android Mobile Application

Govt. has allocated Rs 5000 crore to modernize and upgrade India Post, as per latest technologies and protocols. Another Rs 2000 crore would be spent on purchasing new, faster vehicles for speedy delivery as well.

Postinfo, the citizen centric android Mobile application of Department of Posts developed by Centre for Excellence in Postal Technology .The app provides the following facilities;
1) Interest calculator
2) Postage Calculator
3) Tracking
4) Post Office search
5) Premium Calculator

Brief description of each facility is given below;

INTEREST CALCULATOR

Post office is offering different types of Small Savings Schemes as mentioned below:
• Sukanya Samriddhi yojaana
• Recurring Deposit
• Time Deposit (1 year, 2 year, 3 year and 5 year)
• Monthly Income Scheme
• Senior Citizen Savings Scheme • National Savings Certificate
• Kisan Vikas Patra

The calculator shows the interest rate for each savings scheme. By entering the amount.

POSTAGE CALCULATOR

The app will calculate the Postage (tariff) to be paid for all types of articles based on the weight entered by the user. The unique feature of the Postage Calculator is that in single query it shows the tariff chargeable for the following items..
• Ordinary letter • Speed post Domestic *
• Registered letter • Ordinary Parcel
• Registered Parcel • Registered book packet
• Registered book packet containing Printed books • Ordinary Registered book packet
• Ordinary book packet containing Printed books • Book packet containing periodicals
• Book packet containing Registered News papers
• Domestic Speed Post Tariff depends on distance between place of origin and destination.
• Based on tariff there are 5 slabs of tariff viz. local, up to 200 KM, 201 to 1000 KM, and 1001 to 2000KM and above 2000KM. The calculator shows the tariff for all categories)

india-post-app

TRACKING

The tracking facility is made available on this mobile app for the following types of mail items.

• Speed Post • Registered Letter • Insured Letter
• Value Payable Letter • Insured Value Payable Letter • Registered Packets
• Registered Periodicals • Registered Parcel • Insured Parcel
• Value Payable Parcel • Insured Value Payable Parcel • Business Parcel
• Business Parcel COD • Express Parcel • Express Parcel COD
• Electronic Money Order (e-MO)
The users can view the status of the above mentioned type of articles by entering the articles number and touching the Track button. The following additional facilities are also available.
• Save the results for future reference
• Share it with others through Android native sharing apps viz. Bluetooth, WhatsApp, Facebook etc.

POST OFFICE SEARCH

By entering first four character of the name of the Post office or by entering the Pin code of the office the users can get a list of matching Post offices. By clicking again on the row the user gets the details like Name of Post office, Street address (location), contact details of the Post office (where ever available) for the selected Post office. The name of the Division and contact details of the Divisional Superintendent (where ever available), details of Regional Postmaster General and the Chief Postmaster General will also displayed.

PREMIUM CALCULATOR

The Department is offering various types of Life Insurance Policies through Postal Life Insurance and Rural Postal Life Insurance. The users can check the premium payable for all the eligible types of Postal /Rural Postal Life insurance Policies on the basis of the input entered.

You can download the India Post application here https://play.google.com/store/apps/details?id=info.indiapost