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Author Archives: wealth18

MK Proteins – SME IPO – Details & Review, Price, Listing

Last updated : 2nd April, 2017 M K Proteins Limited engages in manufacturing and trading of edible oils. The company offers refine rice bran, sunflower, cotton seed, soya bean, palm, canola, and rice bran bleached oils.  Issue Details of MK Proteins SME IPO Issue Open :  31st March to 7th April 2017 Issue Price / Floor Price : Rs 70 per share Issue Size: Rs 10.234 crores (14,62,000 Equity Shares) Application per share :  Rs 70 Minimum No of shares bid:  2000 shares / Rs 140,000 Maximum Retail investment – 2000 shares Book Running Lead Managers : Sarthi Capital Advisors Registrar – Bigshare Services Pvt Ltd ... Read More »

Income Tax Return ITR forms for FY 2016-2017 (AY 2017-2018)

Last updated : 1st April, 2017 The Income Tax Department has released the  ITR (Income Tax Return) Forms for Financial Year 2016-2017 (i.e. Assessment Year 2017-2018). These ITR forms will be applicable for income tax returns for income earned from 1st April 2016 to 31st March 2017 i.e. FY 2016-17 (AY 2017-18).  The due date of submission of these ITR Forms will be 31st July 2017. The Government has made changes to the ITR forms and tried to make it simple. The number of ITR Forms have been reduced from the existing nine to seven forms.  Some changes to IT Forms ... Read More »

Rakesh Jhunjhunwala Latest Portfolio Holdings – April 2017

Last updated : 1st April, 2017 Rakesh Jhunjhunwala, 53, India’s most distinctive investor with a net worth of more than USD 1 billion.  He is one of the most famous and respected equity investors in India and manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Son of an income tax officer, he started trading in stocks while in Sydenham college and plunged into investing as a full time profession soon after completing his education. He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his first big ... Read More »

D-Mart IPO (Avenue Supermarts IPO) Allotment Status – Details, Review

Last updated : 26th March, 2017 The shares for D-Mart / Avenue Supermarts is allocated now. You can check the allotment status for D-Mart IPO (Avenue Supermarts IPO at the registrar link (Link Intime) below: http://www.linkintime.co.in/publicissues/default.aspx I applied for 100 shares and was allocated 50 shares. See screenshot.  Avenue Supermarts has opened its IPO on 8th March 2017.  It is the operator company of D-Mart supermarkets. The retail chain’s IPO is also significant on the back of its strong promoter entity, Radhakishan Damani. He is considered among the major names in the markets as a trader and value investor and ... Read More »

Music Broadcast IPO (Radio City IPO) Allotment Status – MBL IPO Details & Review

Last updated : 26th March, 2017   The Shares are expected to be listed on Friday. You can check the allotment status for Music Broadcast IPO (Radio City IPO) at the link below: http://kosmic.karvy.com:81/ipotrack/     Update: 7th March (Day 2) –  The IPO issue is over-subscribed 2.1 times retail investors was subscribed 3.6 times,  high net-worth individuals’ category was subscribed 24%. institutional investor category saw a subscription of 1 times, Music Broadcast, the operator of FM channel Radio City has kicked off its Rs 500 crore IPO on Monday 6th March 2017. Issue Details IPO Open :  6th – 8th ... Read More »

How to transfer balance from EPF to NPS – Should you transfer?

Last updated : 14th March, 2017 PFRDA has now notified the procedures (on 6th March 2017) through which EPF members can transfer their PF balance to NPS (New Pension System). In Budget 2016, one of the proposals  was to provide one time portability or transfer option from EPF to NPS. In this post, we will focus on procedures to transfer balance from EPF to NPS, current hurdles and whether it makes sesnse to transfer?  Requirements and Process for transferring EPF to NPS You need to have a NPS Tier 1 Account. You can open NPS account through employer, banks/entities registered as PoPs, ... Read More »

New Unified EPF UAN Portal – access PF passbook, UAN, KYC etc

Last updated : 14th March, 2017 EPFO launched new unified UAN portal for Employees and EPF employers in Dec 2016. In this post, we will see the features and benefits of New Unified EPF UAN Portal. New Unified EPF UAN Portal will provides features as follows: Download and Print your updated EPF Passbook anytime Download and Print your UAN Card Check and Update your KYC Status Change your Mobile Number and E-mail ID You can login to the new unified UAN portal on https://unifiedportal-mem.epfindia.gov.in/memberinterface/  using UAN number and password. Sometimes, you might get error as the website is sometime encounter technical ... Read More »

[How to] Invest in Mutual funds in India – online / offline options

Last updated : 15th March, 2017 Mutual funds are one of the best options for Retail investors to invest their money in different asset classes. It gives benefit of professional management of your money, offers liquidity, allow diversification and tax benefits. A.   Quick overview of process to Invest in Mutual funds 1) Submit KYC Form – KYC is must for the first time investors and need to be done ONLY ONCE and valid for all Mutual fund houses. You need to submit KYC form along with the Proof of ID & Address. You can submit it to your nearest ... Read More »

Top Stock Picks for medium to long term investment

Last updated : 15th February, 2017Top Stock Picks for medium to long term investment  by Prabhudas Liladher, Anand Rathi,    Amisha Vora, Prabhudas Lilladher  (Link) State Bank of India Jindal Steel & Power Thyrocare Parag Milk   Siddharth Sedani, Anand Rathi (Link) LT Foods  (Target Rs 79) Escorts (Target – Rs 450)   Mahantesh Sabarad, SBI Cap Securities (Link) Consumer durable names or consumer financing companies and consumer discretionary companies Two wheeler space Read More »

Cost Inflation Index for Capital Gain – Base changed in Budget 2017

Last updated : 16th February, 2017 In Budget 2017, the base for Cost Inflation Index is changed. lets see what the change is and how it wil impact the investors. Currently, for cost inflation index, the base year is 1981. which means if you have any property acquired before 1981, you need to get the fair market value in 1981 and then apply indexation. Now, with the proposed changed, the base year will become 2001. This means, if you have any property acquired before 2001, you need to get the fair market value in 2001 and then apply indexation. In ... Read More »

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