Free Fixed Deposit Managers

Features of Free Fixed Deposit Managers

High interest rates and safety of principal and return makes Fixed Deposit as the favourite investment choice among Indian investors. There are various type of deposit schemes available in the market. For instance an investor could invest either in a bank FD, or a corporate FD, or a PPF account etc. Also lot of the investors deposit money in different banks to avoid tax deduction at source (TDS). This makes the task of monitoring all the investment in fixed deposit a bit of a challenge. 

There are many websites which offer solution for managing fixed deposit investments. But none of them provide the complete set of features that would help in managing the fixed deposit investments, hence an investor might have to choose the solution based on the comparative study of the features provided by these websites. 
  We have made an attempt to do a comparative study of the fixed deposit management solutions provided by different websites. We have started with the list of features that should be supported by the fixed deposit manager. Later on we have done the comparison of the features provided by various websites. We hope this will help the investors in choosing the right solution for their need.

• Consolidated view of all deposit maintained in different banks

• Support for adding different kind of FDs like Simple FDs, Recurring Deposits, Compouding FDs etc

• Knowing deposit values at any time (or knowing unrealized Interest)

• Interest earned till date

• Interest earned break down every year and month

• Future cash projection including interest & maturity amount

• Taxable Interest Income each financial year

• Automatic calculation of interest and maturity amount based on modelled deposit

• Email alert for upcoming maturity or interest payment

• Allow to update interest/maturity amount

• Handles pre mature withdrawals

Features	Money Control	Et Now	Askkuber	Edelweiss
Consolidated view of all deposit maintained in different banks	Yes	Yes	Yes	Yes
Support for adding different kind of FDs like Simple FDs, Recurring Deposits, Compouding FDs etc	Yes	Yes	Yes	Yes
Knowing deposit values at any time (or knowing unrealized Interest)	Yes	Yes	Yes	Yes
Interest earned till date	No	Yes	Yes	Yes
Interest earned break down every year and month	No	No	Yes	No
Future cash projection including interest & maturity amount	No	No	Yes	Yes
Taxable Interest Income each financial year	No	No	Yes	No
Automatic calculation of interest and maturity amount based on modeled deposit	Yes	Yes	Yes	Yes
Email alert for upcoming maturity or interest payment	No	No	Yes	No
Allow to update interest/maturity amount	No	No	Yes	No
Handles pre mature withdrawls	No	Yes	Yes	No

Best Stock Watchlists for Indian Market

Watchlsit is a list of securities being monitored for potential trading or investing opportunities. The watchlist may provide an alert, fundamental, performance and technical view in an attempt to find high probability for trading & investment.

We conducted the survey of all the major players allowing users to create watchlist and compared their features. This might help readers to make the rights choice based on their need.

What should we look from a watchlist solution

Features	Benefit
Allow to set Alert	User can setup email alert on major event happening on watch list stocks
Fundamental View	Provide view to users with key financial ratio and other information.
Performance View	Provide users to view the return of watchlist stock over a period of a time on daily, weekly, monthly or yearly basis.
Custom View	It allows users to create custom view of a watchlists. Like add or remove financial parameter in the view.
Compare price charts	It helps users to compare multiple stock's daily price chart.
Multiple Watchlist	Multiple watchlist involves the ability for a user to create multiple watcthlist under one account.
Export Data	It allows to export watchlist view's data in excel or csv file.

How various available solutions rank on expected features? 

Website	Set Alert	Fundamental View	Performance View	Create Custom View	Compare price charts	Multiple Watchlist	Export Data
Money Control	Yes	No	No	No	No	Yes	No
Rediffmoney	Yes	No	No	No	No	No	No
IndiaInfoline	No	No	No	No	No	Yes	No
ET Now	No	Yes	Yes	Yes	No	Yes	No
Askkuber	No	Yes	No	No	No	Yes	Yes
Google Finance	No	Yes	Yes	No	No	Yes	Yes
Edelweiss	No	Yes	No	Yes	Yes	Yes	Yes

Conclusion

Not single watchlist provides all the features. It depends on users to choose the feature they care most.e.f. I need Multiple watchlist the most then i will go for it along with the one which allows me to export data, so that i can do more research on the stocks.

Stock volatility - What does it mean to investor

What is volatility ?

For a common man, volatility of a stock is the measure of its price fluctuation or price swing. Higher the volatility means daily stock price are trading in wider range and lower the volatility means stock prices are trading in narrower price range.

If above statement make sense then get ready for a small quiz, which of the charts looks most volatile and which one least.

Chart -A

Chart -B

Check your answers

Chart B - least volatile  (Volatility = 0.60%)

Chart A - most volatile  (Volatility = 3.23%)

Thumb rule to compare the volatility of stocks, higher the heights  of candlesticks more volatile is the stock.

Statistically standard deviation of everyday price change indicates the stock volatility. Commonly, the higher the volatility, the risker the security. Also higher volatility means that the price of security can change dramatically over a short time period in either direction.

Why should an investor worry about volatility?

More volatile means more the changes in the price or more the risk. More volatile stocks might make sharper up or down turn in the price. This might be good for people who keep a close watch on the market but not good for passive investors. Also some stocks see small burst in volatility but later their volatility comes down, which means stock is consolidating its position and there is potential for uptrend. Traders looks for high volatility stocks because daily gain potential is high, while long term investors look for low volatility stocks.

What causes the volatility?

In efficient market theory every public or private information is factored in the price of stock.

• More news/rumors about the company.
• Manipulations by traders (specially in small stocks). For a stock with market float of 100 Crore one can create volatility by 10 crore itself.  
• Expectation from the company based on other companies in the same industry like all IT companies stock go up based on Infosys results.
• News about the promoter or related companies.