June, 2014 - Wealth18.com

Jun302014 by wealth18.comNo Comments

Shriram Transport Finance STFC NCD July 2014 – Details & Review

Bonds

Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 02-July-2014 & it closes on 22-July-2014 offering 8 investment options with yield upto 11.75%. This is the first NCD issue of this financial year from STFC. The comapnby has few NCD issues in 2013-2014 Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 1000 crore through this issue, with an option to retain oversubscription upto Rs 1000 crore, aggregating to a total of upto Rs 2000 crore. Listing – Proposed to be listed on NSE & BSE Credit Rating - AA/stable by CRISIL and AA+ by CARE Investment options – Annually / Cumulative Interest for 36 months, 60 months , 84 months Annual Interest Payment:For Individual Investors STFC NCD July 2014 - Annual Interest Option ...

Jun302014 by wealth18.comNo Comments

Citigroup buys 40 lakh shares in HDIL

Stocks

On June 27, 2014, Citigroup Global Market Mauritus Private Limited bought 40,00,000 shares at Rs 94.05 n the NSE. Unisuper Limited as Trustee for Unisuper sold 23,01,406 shares of Housing Development and Infrastructure (HDIL) at Rs 91.46 on the NSE. Earlier in Mar-April 2014, Nomura & kotak has picked stakes in HDIL . Read News. In the previous trading session, the share closed at Rs 96.90, up Rs 5.00, or 5.44 percent. The share touched its 52-week high Rs 113.85 and 52-week low Rs 26.10 on 09 June, 2014 and 07 August, 2013, respectively. The company's trailing 12-month (TTM) EPS was at Rs 5.84 per share. (Mar, 2014). The stock's price-to-earnings (P/E) ratio was 16.59. The latest book value of the company is Rs 248.84 per share. At current value, the price-to...

Jun262014 by wealth18.comNo Comments

Fixed Maturity Plans (FMP) – Good Tax efficient option for Investors

Mutual Funds

What is FMP (Fixed Maturity Plan) An FMP is a closed-end mutual scheme that has a fixed tenure and invests in fixed-income securities. It invests in debt securities in such a way that they mature a day or two or few days before the FMP itself matures. Investments: FMPs invest in fixed income instruments like CDs, CPs, money market instruments, corporate bonds; debentures of reputed companies or in securities issued by Government of India and fixed deposits. Effective August 2011, an FMP needs to give an indication of how its portfolio would look like. It has to give upper and lower limits of instruments in which it intends to invest, as per their credit rating, under various asset classes like CDs, CPs, securitized debt and so on. FMP Returns – Now, Mutual fund companies are not allowe...

Jun252014 by wealth18.comNo Comments

Top four stocks Rakesh Jhunjhunwala likes

Stocks

Speaking at a CII conference yesterday, Jhunjhunwala of Rare Enterprise said, "One should buy companies which have strong managements and good corporate governance. Always look at opportunities with tremendous growth potential." Big bull Rakesh Jhunjhunwala is betting on four stocks - Rallis India, Titan, Colgate Palmolive and Praj Industries. Also read - Rakesh Jhunjhunwala Latest Portfolio Holdings He explains why he's betting on the above-mentioned four stocks: Colgate Palmolive: The first thing which investors should look at is 'opportunity'. Without opportunity, there can be no economic activity and without economic activity, there can be no profitability. For example, if we look at Colgate Palmolive, I look at the present demand for toothpaste in India and the potential for growth...

Jun212014 by wealth18.comNo Comments

11 stock picks by BoA-ML for 2nd half of 2014

Stocks

As we head towards the second half of 2014, here are some stock picking ideas by Bank of America Merrill Lynch for better returns.These stocks are market-agnostic ideas and are chosen based on potential target price upside as well as catalysts ahead. Here are “The Playing Eleven” by BoML Stock upside potential Bharat Electronics 13% Bharti 15% ICICI Bank 28% Lupin 22% Maruti 20% OIL 13% Prestige 18% TCS 18% Titan 25% Voltas 22% Tata Steel 34%

Jun212014 by wealth18.comNo Comments

10 stocks that will benefit from BJP’s 100 Smart cities plan

Stocks

The market is excited about the NDA government's plan to develop 100 new smart cities as it could boost demand for several other industries. For instance, Assuming a population of two lakh in each of the 100 cities and four people in each house, the smart city plan would generate demand for 50 lakh new homes. ETIG has identified 10 stocks that will likely be among those benefiting the most from a construction boom. Asian Paints and Berger Paints Asian Paints and Berger Paints together control close to 75% of India's organised retail paint market. The Indian paint industry, which was growing 1.6-1.8 times the pace of gross domestic product until a few years ago, now expands at twice the speed of GDP as consumers shift to branded products. And, both Asian Paints and Berger Paints have post...

Jun212014 by wealth18.comNo Comments

6 Shares bought by MV SCIF Mauritius

Stocks

MV SCIF Mauritius, part of US-based asset managment company Van Eck Associates Corporation, picked up over two crore shares of six companies, including Unitech , Tata Elxsi , MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore through open market route. MV SCIF Mauritius purchased Unitech ( 1.75 crore) for nearly Rs 58 crore @ Rs 33.07 apiece. MTNL (24 lakh), Gitanjali Gems (4.97 lakh), Tata Elxi (3.29 lakh), Ceat Ltd (2.18 lakh), Natco Pharma (1.74 lakh). The entity also offloaded total of 1.92 crore shares worth Rs 64.6 crore of -- Ashok Leyland , Spicejet and Punj Lloyd -- according to the bulk deal information with the stock exchanges. In separate transactions, MV SCIF Mauritius sold 1.36 crore shares of Ashok Leyland for about Rs 44.50 crore. offl...

Jun152014 by wealth18.comNo Comments

[How to] check CIBIL Credit Score & Credit Report Online in India

CIBIL, How to Series

CIBIL TransUnion Score (Including Credit Information Report) is your detailed credit history & repayment discipline. Every individual has the right to access his Credit Information Report (CIR). It is through this that a person can check and analyze whether he is in the defaulter list of the concerned bank or not. Before you apply for a Home Loan, Car Loan, Personal Loan or a Credit Card, check your Credit Score. CIBIL Credit Information Bureau (INDIA) Limited (CIBIL) is the central repository of credit information of all borrowers. It contains data of the credit history of all borrowers associated with the member banks / financial institutions. CIR is a factual report which gives an idea on the credit payment history of the borrower which has been compiled from information collected...

Jun152014 by wealth18.comNo Comments

EPF threshold raised from Rs 6500 & increased to Rs 15000 – New PF rule EPFO Notification

News, PF

As per new EPFO Notification, Employees earning upto Rs 15,000 a month will come under the Employees' Provident Fund (EPF) net. UPDATE (28-Aug) : The formal notification is issued now and it will be effective from 01-Sep-2014. Gazette Notification providing for increase in wage ceiling under EPS, 1995 from Rs. 6500/- to Rs. 15,000/- which shall come into force on and from the 1st day of Sept., 2014 - HO No. Acturial/18(2)2008/Vol. III/7738 dated 29/08/2014 Read full notification here Government has approved hike in the threshold for mandatory PF savings from Rs 6,500 a month to Rs 15,000. Though the Manmohan Singh government had approved the hike in the EPF threshold this February after years of deliberations, the change couldn't be notified before the election code of conduct kicke...

Jun132014 by wealth18.comNo Comments

Rakesh Jhunjhunwala invests Rs 55 crores in Edelweiss Financial Services,

Stocks

12/6/2014 In a block deal Rakesh Jhunjhunwala bought a 1.3% stake in homegrown financial services firm Edelweiss Financial Services on Thursday. Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE. Also read - Rakesh JhunJhunwala Portfolio Holdings - June 2014 According to bulk deal disclosures on the BSE, two funds managed by GPC Mauritius sold about 1.18 crore shares in one fund and another 1.44 crore shares in another. On June 5, the FII had sold 1.25 crore shares of Edelweiss, and as per the March 2014 shareholding data disclosed to the exchanges, GPC Mauritius holds about 1.85 lakh shares of the company. In Thursday's relatively strong market,...