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On the occasion of Dussehra, experts list out 10 fundamental picks that can be considered for buying. HDFC, Affle (India) figure on the list..

Dussehra Picks: Experts recommend these 10 stocks based on fundamentals


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Name Price Change % Chg
Ntpc 149.40 3.05 2.08
Sbi 490.60 8.90 1.85
Rec 164.75 4.75 2.97
Nhpc 30.90 1.60 5.46

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Know how Fast you can Double your Money

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Every time you invest in a scheme, you might wonder how long it would take to double your money. If you put your money in the right places, it can grow significantly over the years. It could even double or triple, all thanks to the power of compound interest. But how much time will it exactly take? Well, back of the envelope calculations may not be entirely accurate to the last decimal but that can give a fair idea about your return from any investment. There is a simple rule that will tell you how fast your money could grow — Rule of 72 and Rule of 114. Use them judiciously to make informed investment decisions.

Rule of 72

This rule will tell you how many years it will take for your money to double. The formula is simple — Divide the rate of interest the scheme is offering, by 72 to know the amount of years it would take to double your investments. There should be a particular rate of return.

Number of years required to double your money = 72/Rate of Return

Here’s an example for you

Suppose you are investing 50,000 in Public Provident Fund (PPF) this month. The central government has fixed the interest rate for PPF at 7.1 per cent for the July-September quarter. Now, you divide 72 by the rate of interest (7.1 per cent) to know the time it will take for Rs 50,000 to become Rs 1 lakh. So 72/7.1 will be 10.14. Hence, you money will double in 10.14 years, assuming the interest rate is fixed at 7.1 per cent.

How to Triple your Money

So now if you are eager to know how much time it will take to triple your money, you need to use the Rule of 114. It works the same way as the rule of 72. You have to divide 114 by the interest rate to know the amount of years it will take to triple your return from investments.

Number of years required to triple your money = 114/Rate of Return

With 7.1 per cent interest rate from PPF account, it will take 16.05 years for Rs 50,000 to become Rs 1,50,000.

It must be noted that Rule of 72 takes into account the annual return. It can be applied across all kinds of durations provided the rate of return is compounded annually. So if you apply the same rule to count your quarterly or half-yearly compounded return, it will not give you the exact figure.

How Much Return you will Need

You can also use these rules to know how much interest you will need to double your money at a specific time. As we all have a financial target in mind while investing, this rule will come handy.

Rate of return required to double your money = 72/ Number of years

Here’s How it Works

Let’s assume, you want to double your investment in six years. Divide 72 by 6, which will be 12. So you need to invest in a fund which will give you 12 per cent yearly return to double your money in six years.

Rule of 72 is one of the three essential personal finance topics that can help you understand investments and returns. So next time any you see an advertisement that this scheme will double your money, just do this quick calculation to gauge the the actual benefit from the scheme. Compounding formula works best if you start investing early.

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IESA’s Vision Summit 2021 #VS2021 to focus on India’s accelerated ESDM growth in the coming decade

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Bengaluru (Karnataka) [India], October 15 (ANI/PRNewswire): The India Electronics and Semiconductor Association (IESA), India’s leading industry association for ESDM (Electronics System Design and Manufacturing) sector, has announced its flagship event, Vision Summit 2021, from October 18 – 21, 2021.

The 16th edition of this annual event will feature a power packed line-up of global leaders, experts, strategists, and policy makers. The summit will act as the platform where the industry leaders & policy makers will share their perspectives on the defining decade of growth of the electronics and semiconductor industry by exploring & leveraging megatrends.

This year’s Vision Summit 2021 #VS2021 theme is ‘India’s Accelerated ESDM Growth: The Defining Decade.’ The four-day summit will focus on critical topics like strengthening the fabless design ecosystem; semiconductors supply chain challenges & opportunities; India’s ESDM roadmap for next decade; nurturing the start-up and MSME ecosystem and focusing on contributions by women leaders of the ESDM sector.

The Vision Summit 2021 will be inaugurated by the Honourable Finance Minister of India Smt. Nirmala Sitharaman along with few of the senior most policymakers from the Central and State Ministry and electronics leaders from across the globe.

K Krishna Moorthy, President and CEO , IESA, said, “The annual flagship event – the IESA Vision Summit is round the corner. IESA is India’s ESDM Leadership & Knowledge Partner, and we in IESA believe that this is the defining decade for India’s accelerated ESDM growth which will contribute to about 10% of the country’s GDP by the turn of this decade. The event has already assumed the marquee status with top policymakers and global thought leaders partaking as speakers over the years. With the pandemic making live conferences almost impossible, we are putting our best foot forward to bring a virtual/hybrid summit this year. We are working closely with the Government of India in many of its initiatives like PLI, CHIMS, and NFSM. IESA is also the ESDM knowledge partner for many states and our 3 reports – the ESDM market and opportunity report, the readiness of the states to drive ESDM growth, and the Semiconductor manufacturing supply chain opportunities for India will be the highlight of this year’s summit.”

Rajeev Khushu, Chairman of IESA, added, “The ESDM industry in the country has been moving at an accelerated pace driven by the ‘Make in India’ for the world spirit. Electronic production is currently contributing 3.3% to the economy with a potential to reach US$410 Bn by 2025. At IESA, we are committed to growing the fabless start-up ecosystem and create 10 lakh jobs over the next five years. It’s our endeavour to support the creation of IP in India and support manufacturing to make the country the next destination for a vibrant design-led manufacturing hub. While we work closely towards India realizing the vision of a robust FAB ecosystem locally, we are also exploring the huge opportunity for India to start supplying processed raw materials to global fabs and ATMP’s and thereby expanding opportunities for equipment spares, services, materials & minerals industry in India.”

The speaker line-up comprises Indian and international industry leaders & Policy makers who will share their thoughts on promoting India’s next phase of ESDM growth. The distinguished group of speakers who have been invited at Vision Summit 2021 #VS2021, includes:

Nirmala Sitharaman, Finance Minister of India

Basavaraj Bommai, Chief Minister of Karnataka

Piyush Goel, Minister for Industries and Commerce

Ashwini Vaishnaw, Minister for Electronics & IT Government of India

Rajeev Chandrashekar, Minister of State for Electronics & IT

K.T. Rama Rao, Hon. Minister for IT, Govt. of Telangana

Gautam Reddy, Minister for Industries, Government of Andhra Pradesh

Ajay Kumar Sawhney, Secretary, Minister for Electronics & IT Government of India

Saurabh Gaur, Joint Secretary, Minister for Electronics & IT Government of India

Naresh Pal Gangwar, Secretary, IT Rajasthan

Manoj Mishra, IT Secretary, Govt. of Odisha

V.K. Saraswat, Member, Niti Aayog

Jayesh Ranjan, Principal Secretary IT, Govt. of Telangana

Ajai Chowdhry, Founder HCL, Chairman, Board of Governors IIT Patna, Chairman of the Board ESSCI

Sanjay Mehrotra, CEO, Micron

Ron Lee, Vice President, Samsung

Omkar Rai, Director General, STPI

Imberman Erez, Vice President, Tower Semiconductor

Rangesh Raghavan, CVP & GM, Lam Research

Suket Singhal, Group CEO, Secure Meters Ltd.

Swapna Gupta, Director, Qualcomm Ventures

Sumedha Limaye, Sr. Director, Intel

Jaya Singh, Director, Texas Instruments

Daisy Chitillapilliy, President, Cisco

Rituparna Mandal, GM, MediaTek

Atul Lall, Managing Director, Dixon

John Chambers, Founder and CEO, jc2 Ventures

Raghib Hussain, President, Marvell

Ron Martino, Executive Vice President and General Manager – Edge Processing Semiconductors

Lip Bu Tan, CEO of Cadence Design Systems and Chairman of Walden International

Raja Manickam, CEO – OSAT, Tata Electronics

Krishna Bodanapu Reddy, MD & CEO, Cyient Technologies

Ritu Favre, EVP & GM, National Instruments

Santosh Kumar, Managing Director, Texas Instruments

Vivek Sharma, Vice President, STMicro

Anasua Bhowmik, AMD Fellow

Supria Dhanda, Country Head, Western Digital Panelists

Additionally, during the Summit, the Women Leader in the ESDM industry will be celebrated and the industry as whole will recognize the contributions made by them.

For more information about the Vision Summit 2021, please visit (https://iesavisionsummit.com)

This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

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(This story has not been edited by PRESS24 NEWS staff and is auto-generated from a syndicated feed.)

 

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