Weekly Fin-Fun NewsLetter #81

Stock of the Week, Kathal, Steve Waugh, Micro Cap , Shankar Sharma

May 21, 2023

Nifty back in Green zone, Stops are 18100 levels

Ditto with Bank Nifty, stops at 43600 levels

Stock of the Week

Dixon - CMP 3035

Dixon Technologies (India) Limited is the largest* home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smart phones markets in India. Their diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters; (iv)mobile phones/smart phones; and (v) CCTV & DVRS (vi) Medical Equipment. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones /smart phones and LED TV panels.

Types of accounts in NPS

National Pension System (NPS) is a defined-contribution pension system in India regulated by Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of Ministry of Finance of the Government of India.

NPS was launched in 2004 with the objective of providing a voluntary retirement savings scheme for citizens of India. It is a portable scheme, which means that subscribers can transfer their accumulated pension wealth from one NPS account to another without any tax implications.

The subscribers can choose to invest their accumulated pension wealth in a variety of asset classes, including equity, debt, and hybrid funds. The asset allocation can be changed at any time, subject to certain conditions.

NPS is a good option for individuals who want to save for their retirement. It offers a variety of features, including portability, tax benefits, and flexibility in investment options.

Simple Basics