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Dec242016 by wealth18.comNo Comments

5 stocks to invest in 2017 for Multibagger returns

Stocks

Finding stocks that can deliver multibagger returns is not easy where there are 5000+ companies listed. According to the Rule of 72, a stock that delivers around 24 per cent return annually can double your wealth in three years. Over the past five years, stocks like Ajanta Pharma (up 4,294 %), Symphony (965 %), Eicher Motors (1,350 %), Bajaj Finance= (1,170 %) and Avanti Feeds (1,830%) have multiplied investors' wealth several folds. Now, based on various brokerage recommendations, here is a list of five stocks from several sectors that have the potential to generate multi-fold returns over time. CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendaion TVS Motor 372 256 418 Voltas 315 211 406 Axis - 320 ICICI Sec - 355 Multi Commodity Exchange 1253 726 1420 HDFC Sec ...

Dec202016 by wealth18.comNo Comments

9.4 % Reliance Home Finance NCD Issue Dec 2016 – Details & Review

Bonds

Update: Reliance Home Finance NCD is oversubscribed 3 times on the opening day. Seeing the overwhelming response, the issue will be closed on Friday instead of the scheduled date of January 6. Reliance Home Finance will open its public issue of NCDs on 22nd Dec 2016 & it closes on 6th Jan 2017. This NCD issue is offering yield upto 9.4% and have 4 different investment options. In this post, I am trying to put details around how good this Reliance Home Finance NCD is ? What are the postive and negative factors of Reliance Home Finance NCD? Who should invest in Reliance Home Finance NCD? Key Features of Reliance Home Finance NCD NCD Issue Open: 22 Dec 2016 NCD Issue Closing date: 6 Jan 2017 (now closed on 23-Dec because fo oversubscription) Type of Instrument: Se...

Dec182016 by wealth18.comNo Comments

Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 – Undisclosed Income declaration deposit scheme

How to Series

Pradhan Mantri Garib Kalyan Yojana (PMGKY) - Undisclosed Income declaration deposit scheme Government has brought in second income disclosure income called Pradhan Mantri Garib Kalyan Yojana. The new IDS has been notified along with other provisions of the Taxation Laws (Second Amendment) Act, 2016, on 16th December and has come into effect from 17th December, 2016. You can declare your unaccounted income under this scheme from 17th December 2016 to 31st March, 2017. Key Features of Pradhan Mantri Garib Kalyan Yojana People can declare their undisclosed or black money under PMGKY Scheme till 31st March, 2017 Under this scheme, a declarant of undisclosed income needs to pay a Tax of 30%, a Penalty of 10% and a Pradhan Mantri Garib Kalyan Cess of 33% on the tax, all of which add up...

Nov272016 by wealth18.comNo Comments

Sheela Foam IPO Review – Sleepwell Mattress IPO Details, Opening Date

Stocks

Sheela Foam's (Sleepwell Mattress) has announced its IPO which will open on 29th Nov. Issue Details of Sheela Foam / Sleepwell Mattress IPO: IPO Open : 29th Nov to 1st Dec Issue Price band: Rs 680 - 730 per share Issue Size: Rs 510 crores Market lot : 20 shares Minimum Investment: Rs 14600 (Upper band) Book Running Lead Managers : Edelweiss Sec & ICICI Sec Registrar – Listing: BSE/NSE IPO Issue Allocation Qualified institutional buyers (QIBs) – 50% of the total issue size. Non-institutional investors (NIIs) – 15% of the issue size. The retail quota limit in the issue = 35% of the issue size. Background: Sheela Foam is the leading manufacturer of mattresses (incorporated in 1971) marketed under "SleepWell" brand. It also manufactures foam-based ho...

Nov232016 by wealth18.comNo Comments

Demonetisation- Latest rules on withdrawal and exchange of old notes

News

Over the past few days, government has been changing the rules for withdrawal and exchange mostly every day. In this post, I am trying to capture the latest rules: Updated 23-Nov-2016 1) Now you can withdraw upto Rs 2000 from Big Bazaar stores - From Nov 24, You can get Rs 2000 by using your debit / ATM card. The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country. Big Bazaar has tied up with State Bank of India and enabled mini ATMs across all 260 stores to help consumers withdraw cash while they shop. [xyz-ihs snippet="ad1"] Also Read: How to convert black money into white money How to use Paytm for making cashless payment to Kirana stores 1) You can get upto Rs 2000 cash from selected petrol pumps: Now you can swipe your de...

Nov212016 by wealth18.comNo Comments

GST slab rates fixed – Check the impact

News

GST Council has fixed four-tier GST structure in Nov 2016 and it is expected to be rolled out from April 2017. The rate structure is 5%, 12%, 18% and 28% with lower rates for essential items and highest for luxury items. GST 0% Tax - Some essential items including food grains, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate. GST 5% Tax - mass consumption items such as edible spices, tea, coffee, mustard oil will fall under this tax slab. GST 12% Tax - Process food items such as bread, cheese, readymade meals, milk, Computers will fall under this tax slab. GST 18% Tax - Soaps, Oils, shaving sticks, toothpaste, refrigerators, smart phones GST 28% Tax - Most white goods, like washing machines, air conditioners, will be taxed at 28 perce...

Nov202016 by wealth18.comNo Comments

List of petrol pumps giving Cash

News

Government has now allowed selected petrol pumps to give cash upto Rs 2000 on swiping of your debit card. At present this facility is available to state run petrol pumps which has SBI POS Machine only. This will be extended to other pumps within few days to other bank's machine (ICICI, HDFC,Citibank) Here is the list of 700 petrol pumps that are dispensing cash - petrol-pumps [xyz-ihs snippet="ad1"] Note that the daily limit for petrol pump is Rs 1 lakhs., which means they can only serve 50 customers in a day. In many petrol pumps bank staff has not setup machines or provided cash yet. See the latest rules for the exchange , or deposit or convert the old currency notes. Government are changing rules frequently. Check the latest update here.

Nov202016 by wealth18.comNo Comments

How to convert black money into white money

How to Series

Government has banned Rs 500 / Rs 1000 notes to tackle the problem of black money, corruption, fake currency. Many people are now searching for " How to convert black money into white money". It is one of the leading search term on Google. I do not encourage black money or methods mentioned below to convert black money to white money. Now people may be reaching you to get their black money converted or giving you lucrative offers. The intention of this post is to raise awareness that some of these methods are common in India. Also, income tax department are also aware of such loopholes and will be keeping eye on these. 1a) Declare the black money as this current year's income and pay normal tax as advance tax. 1b) Dealing with God - You will be surprised that some people are not even sp...

Nov202016 by wealth18.comNo Comments

What is Benami Property – All you need to know

NRI

You must be hearing this word a lot now a days - "Benami property". Government is taking actions to remove corruption and black money. After demonetisation of Rs 500 / 1000 notes, government is now starting to take action against benami properties. What is Benami property - As the name suggest, it means property without a name. In such transaction, the person doesnot buy the property in his / her name but buys in some other name. Exclusions for benami transactions: If the property purchased in name of spouse or child if the joint property with brother, sister etc for which amount is paid out on known source of income charitable or religious properties are excluded Benami Transactions (Prohibition) Act - Aug 2016 In order to tackle this issue, parliament has passed the Benami Transacti...

Nov192016 by wealth18.comNo Comments

What is Paytm? How to use Paytm to pay / receive money ?

News

When the whole country is struggling to exchange old currency notes & depositing cash into Bank, mobile payment wallets are coming handy. You can use these wallets to make payment for grocey, shopping , cab booking etc. Even your local kirana store man can use it for receiving payment. One of the most popular mobile wallet in India is Paytm. In this post, I am providing more details on paytm, how you can use it and get benefits now. What is Paytm? Paytm is the largest online payment platform in the country claiming to have 15 crore users. It is a digital platform that allows you to transfer money into an integrated wallet. You can transfer money to the wallet using online banking, debit card or credit card, deposit cash via select banks / partners. Using the paytm wallet, you can m...