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Author Archives: wealth18

BSE IPO Details & Review – Price Band, Issue Price, Opening date

Last updated : 16th January, 2017BSE Limited is the owner and operator of BSE Exchange (Bombay Stock Exchange), India largest stock exchange by number of companies listed. Issue Details IPO Open :  23 Jan to 25 Jan 2017 Issue Price band:  Rs 800 – 850 Issue Size:  approx Rs 1311 crore Market lot : 17 Max Shares for Retail – 221 IPO Issue Allocation Qualified institutional buyers (QIBs) –  50% per cent of the total issue size. Non-institutional investors (NIIs) –  15% per cent of the issue size. The retail quota limit in the issue = 35%    Objective of the issue: The ... Read More »

How NRIs can exchange old Rs 500 / 1000 notes or convert / deposit them?

Last updated : 17th January, 2017   Latest Update: RBI has extended the facility for NRI to deposit old notes at designated RBI offices by June 30 2017. Under new facility, NRI can carry upto Rs 25000 (as per relevant FEMA regulation) via declaring them to customs and deposit it into RBI offices at in Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. NRI travelling to India should go through the “red channel” at the airport, fill one page declaration form. A stamped document will be issued by Customs detailing the number of notes, date etc. Documents required to be submitted at ... Read More »

How to open Airtel Payment Bank Account- 7.25% Savings Account Interest

Last updated : 17th January, 2017 Jan 2017 Airtel has now rolled out its payment bank across India.  If you want to earn its attractive 7.25% interest, you can open an account.  You donot need to submit any kind of documents as it is a paperless approach, using Aadhaar-based e-KYC.  Anybody who is an Airtel user, having an Aadhaar card, PAN card and carrying a smartphone with Internet connectivity can become a member of Airtel’s Payments Bank and earn an interest of 7.25% p.a by depositing a maximum of Rs.1 lakh. Here are the steps for you to open an ... Read More »

Pradhan Mantri Awas Yojana 2017 – New Home Loan Intetest Subsidy

Last updated : 4th January, 2017  Prime Minister Modi has now enhanced the scope and benefit under Pradhan Mantri Awas Yojana (PMAY) in 2017. This is done to boost the affordable housing and middle income category of the housing sector. The scheme was initially launched in June 2015 to provide ‘Housing for All by 2022’, offered beneficiaries an interest subsidy at the rate of 6.5% for a loan amount of up to Rs 6 lakh. Now the scope and benefit of this scheme is now enhanced as follows: In Urban Areas – Loans of up to Rs 9 lakh taken ... Read More »

Porinju Veliyath Stock Recommendations Multibaggers for 2017

Last updated : 3rd January, 2017 Porinju Veliyath, MD & Portfolio Manager of Equity Intelligence India is a prominent Indian investor and he believes that 2017 will provide good returns in the stock market. Porinju Veliyath has recommended 10 potential mutlibagger stocks for investment in 2017      Stocks CMP (3-Jan-2017) 52 week High 52 week low Other recent recommendations J Kumar Infra 217 399 106 Axis Direct – 300 Prabhudas – 253, 285 Edelweiss – 372 Sunil Hitech 12.88 23 7.75   Texmaco 116 170 90   Titagarh Wagons 131 166 84   Saksoft 290 452 143   RS ... Read More »

9.75% SREI Equipment Finance NCD Issue Jan 2017 – Details & Review

Last updated : 3rd January, 2017 SREI Equipment Finance will open its public issue of NCDs on 3rd Jan 2017 &  it closes on 20th Jan 2017. This NCD issue is offering  yield upto 9.7% and have 7 different investment options. Latest NCD issue of Reliance Home Finance (22nd Dec 2016) was over-subscribed 3 times the issue size on day one itself. In this post, I am trying to put details around how good this SREI Equipment Finance NCD is ? What are the postive and negative factors of SREI Equipment Finance NCD? Who should invest in SREI Equipment Finance ... Read More »

BHIM App – How to Setup, Use, Transfer Money – Step by step guide

Last updated : 2nd January, 2017 Prime Minister Narendra Modi launched BHIM app on last Friday for promoting cashless transactions. BHIM (Bharat Interface for Money) is a mobile payment app and an aggregator for all UPI Based services offered by banks.  BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). It is not a mobile wallet like Paytm or Mobikwik as you can send money to anyone with or without BHIM App as long as they have bank account. It uses UPI through which all the major banks ... Read More »

80C Tax Saving Options & deductions (FY 2016-2017)

Last updated : 2nd January, 2017 In the month of March, most tax payers rush to invest their money in tax saving instruments. Though it is better to do the tax planning at the start of year & plan your investments over the whole year. Many salaried taxpayers has to submit the investment proofs etc to their employer in Jan.  Section 80C of the Income tax Act 1961 provides list of Investments / expenses which is allowed as Deduction from your taxable Salary. 80c tax exemption limit from FY 2016-17 is Rs 1.5 Lakh. Under 80C, you can claim maximum deduction ... Read More »

5 Multibagger stocks to invest in 2017 – Kotak Secuties

Last updated : 1st January, 2017Kotak Securities CEO – Kamlesh Rao has provided their top 5 recommendations that can be multibagger in next 2-3 years: NIIT Limited Engineers India Limited Mold-Tek  Packaging Natco Pharma PNC Infra   NIIT Limited The initiatives taken by the new management have led to consistent improvement in revenue growth and earlier-than-expected benefits on margins over the past six quarters. We remain optimistic about the future prospects of NIIT. NIIT has launched new programs in S&C business and added new clients in CLS, which should support future growth. Engineers India Limited Engineers India enjoys healthy market ... Read More »

Top 10 multibagger stocks for 2017

Last updated : 1st January, 2017 Here is the list of top 10 stocks that can potentially deliver multibagger returns over next 2-3 years.  Summary – These stocks are:  Pidilite, UPL, BEL, KNR, Bharat Forge, NTPC, Reliance Industries, Power Grid, Gujarat Industries Power, PI Industries.   CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendations Pidilite Industries 587 521 770 ICICI Direct (Target 775)  Prabhudas  (Target 770) UPL 628 342 730 KR Choksey (842) Yes Securities (800) Bharat Electronic (BEL) 1384 1009 1540 Axis (1290) ICICI Sec (1560) Motilal (1450) KNR 155       Bharat Forge 912 686 ... Read More »

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