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In the past 1-month, 11 penny stocks have seen sharp declines, falling between 20% and 50%. These underperformers were identified using a targeted screening approach, focusing on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. This strategy is designed to highlight low-priced, actively traded penny stocks that have experienced notable downside. (Data Source: ACE Equity)Penny stocks may seem attractive due to their low prices and potential for quick gains, but they carry high risks. With low liquidity, high volatility, and limited transparency, theyre prone to manipulation and sudden drops. Without a clear strategy and strong risk control, investors can face more losses than returns.
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News and Media
To enhance mutual fund distribution in remote regions, Amfi partnered with the Department of Posts to train one lakh postmen. This collaboration, marked during Amfi's 30th foundation day, aims to deepen financial literacy and broaden the reach of mutual fund products nationwide. Sebi officials and industry leaders attended the event, highlighting the initiative's significance.
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News and Media
Radhika Gupta's 'Mango Millionaire' introduces the 10-30-50 savings rule, advocating for a progressive approach to wealth building. The framework suggests saving 10% of income in your 20s, increasing to 30% in your 30s and 40s, and reaching 50% from your 40s onwards. Gupta also proposes an automated 'Savings Deducted at Source' system to cultivate consistent saving habits.
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News and Media
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