29 October 2017 - Wealth18.com

Oct292017 by wealth18.comNo Comments

Bharat 22 exchange traded fund (ETF) Review & Details – Should you invest?

Stocks

Bharat 22 exchange traded fund (ETF) is all set to open for public subscription. The NFO will start on 15th Nov and closes on 17th Nov. The ETF will mirror the S&P BSE Bharat 22 Index that comprises of selected companies from CPSE universe, stakes held under SUTTI and public sector banks. This include: For portfolio diversification, weighting of individual index constituent is capped at 15 per cent while weighting of each BSE sector is capped at 20 per cent. As part of the NFO, an upfront discount of 3 per cent would be offered to all categories of investors. The initiative is a part of the government's disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance and the government of India The government intends t...

Oct292017 by wealth18.comNo Comments

How to link mobile phone number to Aadhaar

Featured, How to Series

As per the recent government directive, all the existing customers have to link Aadhaar with their mobile numbers. Aadhaar-based e-KYC is essential for subscribers going for new SIMs. Further, the government has asked mobile operators to re-verify existing prepaid and postpaid customers, with the help of the 12-digit number. The re-verification exercise is scheduled to be completed by early 2018. In case you don’t complete the process before Feb 2018, services on your mobile will be disconnected as per the directive from Government of India. So, if you have to link your airtel mobile number to Aadhaar or your idea number to Aadhaar, you need to follow the steps mentioned in this post. Linking your mobile number to Aadhaar for the first time: To link your mobile number with Aadhaar, you ...

Oct292017 by wealth18.comNo Comments

How to buy / invest in diamonds through SIP

How to Series

Now , you can invest in Diamonds by investing small amount through SIP option. Like mutual funds and gold funds, you can now buy diamonds in SIP format through ICEX. Indian Commodity Exchange (ICEX) is the world's first diamond trading exchange. Key Features: The ICEX is starting trading in diamond contracts of three different sizes -30 cents, 50 cents and 100 cents (1 carat). The diamond is of HVS2 quality, which is one of the largest-traded quality of diamonds. HVS2 quality, which is one of the largest-traded quality of diamonds. Also, the diamond that investors will receive will be DeBeers certified. You can invest in SIP mode for certain period and take delivery of diamond at the end of term. How to Invest in diamonds at ICEX You need to open an account with broker on the ...

Oct292017 by wealth18.comNo Comments

HDFC Standard Life Insurance IPO – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Stocks

HDFC Life is one of the leading life insurer in India, offering a range of individual and group insurance solutions. Its portfolio comprises various insurance and investment products such as Protection, Pension, Savings, Income and Health. Issue Details of HDFC Life Insurance IPO: IPO Open: 7th Nov - 9th Nov 2017 Issue Price band: Rs 275 - Rs 290 Issue Size: Rs 8700 crore Market lot: shares Minimum Investment: (Rs per share) Max Investment for Retail Investor - xx shares Book Running Lead Managers: Edelweiss Registrar: Karvy Listing: BSE/NSE Download - HDFC Life Insurance IPO Red Herring Prospectus HDFC Life Insurance IPO Grey market Premium : 22.10.2017 GMP Rs per equity share IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of ...