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Author Archives: wealth18

Kotak Bank to buy 15% of MCX from FTIL for Rs 459 crore

Last updated : 21st July, 2014 Kotak Mahindra Bank has agreed to buy a 15 % stake in Multi Commodity Exchange of India (MCX ) from Financial Technologies (India) Ltd (FTIL) for Rs 459 crore.  the deal.  The deal values MCX at Rs 3060 crore (Rs 601/sh) whereas the stock closed at Rs 786.25 on Friday. It seems that deal is done at discount, but note that prices are increased only in this month. It was hovering around Rs 600 for quite some time. Kotak Bank has shown this interest, they send a non binding bid in April, it was at ... Read More »

ICICIDirect – Top 7 stocks that can give 20-30 % return

Last updated : 21st July, 2014 In a chat with ET Now, Pankaj Pandey, HoR, ICICIdirect.com, shares his views on top stock ideas.  Over the next 1 year or probably six quarters, we would like to believe that lot of stocks can give those kind of returns. So these are the kind of names we would believe that can give returns upwards of 30 % over  the next five to six quarters.   The seven stocks that  can give these returns are :    JK Cement Oil India, GAIL Taj GVK  Greaves Cotton Mahindra CIE Mahindra Lifespace. Read More »

HSBC top picks in Agri sector

Last updated : 21st July, 2014 HSBC has initiated coverage of Indian agricultural sector with following stocks Kaveri Seed Company  – seed supplier   (overweight’ ratings) PI Industries Ltd  –  agrochemical firm   (overweight’ ratings) HSBC cited their “growth profiles, favourable sector trends and attractive valuations HSBC said projections for country’s food demand could see agricultural yields improving by 1.7 per cent annually, making companies in this segment “stronger gainers in coming years.”  The investment bank also initiated UPL limited with an “overweight” rating, calling the company “India’s only genuine play on global crop protection.” But HSBC initiated Rallis India Ltd with a ... Read More »

Rakesh JhunJhunwala buys 5 lakh shares of MCX

Last updated : 20th July, 2014 On July 15, 2014. Rakesh Radheyshyam Jhunjhunwala bought 4,90,000 shares of Multi Commodity Exchange of India at Rs 734.49 on the BSE. Total deal worth approx Rs 36 crores Last week, he bought 10 Lakh shares of MCX @ Rs 664 . Read news   Also Read – Rakesh Jhunjhunwala Latest Portfolio Holdings – July 2014 In the previous trading session, the share closed at Rs 769.00, up Rs 62.25, or 8.81 percent. It has touched a 52-week high of Rs 783.40. The company’s trailing 12-month (TTM) EPS was at Rs 29.95 per share. ... Read More »

Budget 2014 : Debt Funds LTCG & holding period increased – less tax efficient now

Last updated : 13th July, 2014 In the Budget today, following changes have been proposed for Taxation of Debt Funds Long term capital gains tax is increased from 10% to 20% Withholding period for long term is changed from  12 months to 36 months These amendments would be effective from April,1 2015 and will accordingly  apply, in relation to the assessment year 2015-16 and subsequent assessment  years. ———– Confusion regarding – from when this is applicable :   Alhough the Finance Minister said that it is applicable from April, 2015 but the assessment year is 2015-16. This means such investments will be ... Read More »

Highlights of Indian Union Budget 2014-2015 – Summary of key proposals

Last updated : 6th August, 2014 Highlights of Indian Union Budget 2014-2015 – Announced on 10th July 2014 Personal taxation No change in income tax rates; personal income tax exemption limit raised from Rs 2 lakh to Rs 2.50 lakh Propose to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh Tax exemption limit for senior citizens changed from Rs 2.5 lakh to Rs. 3 lakh Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs ... Read More »

Franklin India Income Opportunities Fund – Details & Review

Last updated : 9th July, 2014Franklin India Income Opportunities Fund / Templeton India Income Opportunities Fund Category – Debt Income AUM  – Rs 3992 crores (30-6-2014) Minimum Investment – Rs 5000 Expense Ratio – 1.65% ( 31-3-2014) Exit Load – 3% for redemption within 180 days 2% for redemption between 181 – 365 days 1% for redemption between 366 – 540 days Fund’s Performance   AUM 1 year 2 year 3 Year 5 Year    Rs crore         Franklin Templeton India Income Oppor. (G)  3846 9.1 9.8 9.7   Fund’s Portfolio Company Instrument Credit Rating % Assets ... Read More »

Franklin India Corporate Bond Opportunities Fund – Details & Review

Last updated : 9th July, 2014Franklin India Corporate Bond Opportunities Fund / Templeton India Corporate Bond Opportunities Fund  Category – Debt (Income) AUM – Rs  6224 crores (30-6-2014) Minimum Investment – Rs 5000 Exit Load –  3% for redemption within 365 days  ,   2% for redemption between 366 – 720 days   ,  1% for redemption between 721 – 900 days   Fund’s Performance   AUM 1 year 2 year 3 Year 5 Year             Templeton Corporate Bond Opp. (G)  6224 9.5 10          Fund’s Portfolio – Top Holdings  Company Instrument Credit Rating % ... Read More »

Franklin Templeton India Short Term Income Plan – Retail Plan – Details & Review

Last updated : 9th July, 2014Franklin India Short Term Income Plan  is a Debt Plan ( Short Term) Launch date  Jan 31 2002 Minimum Investment – Rs 5000 Exit Load – 0.5% for redemption within 1 year Expense ration – 1.52%  (31-3-2014) AUM – Rs 9080 crore 9 as on 30-6-2014)   Performance of Franklin Templeton India Short Term Income Plan – Retail Plan over last 5 years ( as on 9/7/2014)   AUM 1 year 2 year 3 Year 5 Year   Rs in crores          Templeton (I) ST Income -Retail (G)  9080 9.1 9.8 9.7 8.7 ... Read More »

Birla Sun Life Medium Term Plan Fund – MF Review

Last updated : 9th July, 2014Birla SL Medium Term Fund is Debt fund Launch date – 25 Mar 2009 Minimum Investment Rs 5000 Exit Load – 2% for redemption within 365 days     &     1% for redemption between 366 – 730 days Expense ratio – 1.46% ( 31-3-2014)   Funds Performance over past 5 years   (updated on 9/7/2014)   AUM 1 year 2 year 3 Year 5 Year             Birla SL Medium Term – RP (G) 2223 9.9 10.9 10.7 9.1   Portfolio of this Fund Company Instrument Credit Rating % Assets DLF Debenture A 10.76 ... Read More »

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