Nifty Total Returns Inverse Index

No comments:
An Inverse Index tries to provide inverse return of its underlying index. A broader index provides good
exposure to an economy, an inverse index on a broader index will provide the desired exposure when the
investor is bearish on the markets. We have already seen Alpha and Beta Indices provided by National Stock Exchange of India and now NSE India has introduced few more indices like Nifty TR 1x Inverse Index and Nifty TR 2x Inverse Index.

Nifty TR Inverse Index provides the investor an opportunity to create an position which gives inverse (opposite) returns as compare to Nifty TR Index. The index is designed to provide the inverse performance of the Nifty TR, representing a short position in the index.

Methodology:

Index value calculation -
Nifty TR 1x Inverse Index Value = Previous day’s Nifty TR 1x Inverse Index Value * (1+ Nifty TR 1x Inverse Index Return).

Graphical Representation:

nifty-inverse-index


Similar to Nifty TR 1x Inverse Index, there is one more index namely Nifty TR 2x Inverse Index, which is a Leveraged index is designed to generate multiple time return of the underlying index in situations where the investor borrows funds to generate index exposure beyond his/her cash position.

Hope we can expect Inverse mutual funds soon from Indian Mutual Fund Industry and these indices could act as benchmark to the schemes.

Income Tax Calculator - CBDT launches online tax calculator

1 comment:
Central Board of Direct Taxes (CBDT) has launched a new online 'tax calculator' for computing annual I-T liability.The 'tax calculator' is a computer based program hosted on the web-based platform of the I-T department and is meant for the aid of the taxpayer before they file their final Income Tax Return (ITR). The 'calculator' is updated every fiscal after budget and is calibrated by the Central Board of Direct Taxes according to the new announcements made by the Finance Minister in respect of tax rates.


income-tax-calculator-india

The 'tax calculator' computes the total tax liability of an individual or any other category of taxpayer under various heads like income from house property, capital gains, profits and gains of business or profession and agricultural income among others.

The department will soon start updating taxpayers about the status of their I-T refunds and processing of certain tax statements by sending real-time SMSes and emails, on similar lines as that of credit card and bank transactions at present.

You can access the calculator here at:  Income Tax Calculator
Also e-payment facility can be availed here: E-Tax payment system