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Jul192016 by wealth18.comNo Comments

L&T Infotech IPO – Oversubscribe Details, Grey Market premium, Allotment Status & Date, Listing Date & Price, Unblocking of funds, Credit of shares, Review

Stocks

Check Allotment Status for L&T Infotech IPO You can check the allotment status for L&T Infotech IPO at the registrar website (LinkIntime) below. As per the site, the allotment can be checked after 9 pm on 19th July . https://www.linkintime.co.in/PublicIssues/ Update 13th July - Day 3 - L&T IPO is oversubscribed 11.67 times on its last day. QIB - 19.90 times oversubscribed HNI - 10.75 times oversubscribed Retail: 7.3 times oversubscribed L&T Infotech has attracted 10.58 lakh applications, the largest number of applications in IPOs since 2011. Grey Market Premium (GMP) for L&T Infotech is going @ Rs 75-77 (estimated). Expected Listing Price is Rs 770 - 800 Update 11th July - Day 1 - L&T IPO is oversubscribed 1.23 times on Monday. Larsen & Toubro Info...

Jul82016 by wealth18.comNo Comments

Quess Corp IPO – Allotment Status and Date, Listing Date, Price, Unblocking of funds, Credit of shares

Stocks

Allotment Status & Date : Quess Corp IPO allotment is done now today 8th July & listing is expected on 9th July 2016. Allotment for Quess Corp IPO can be checked on its Registrar's website Link InTime - https://eipo.linkintime.co.in/PublicIssues/default.aspx https://eipo.linkintime.co.in/ipo/ As the retail portion is oversubscribed 32 times, they will get very limited shares. I have checked with two of my friends. they applied for minimum lot and have not got any allotment. So don't be very hopeful of getting allotment. Also Read: L&T Infotech IPO opening on July 11. See Details & Review. 01-July-2016 (Day 3) - Quess Corp IPO Oversubscribed 147 times on Day 3 closing date. Qualified institutional buyers (QIBs) is oversubscribed 2.8 times and Retail investor...

Jul62016 by wealth18.comNo Comments

10% Edelweiss Housing Finance NCD Issue July 2016 – Details & Review

Bonds

Edelweiss Housing Finance Limited (EHFL) is opening its first public issue of NCDs on 8th July 2016 & it closes on 27th July 2016. This NCD issue is offering yield upto 10% and have 7 different investment options. In this post, I am trying to put details around how good Edelweiss Housing Finance NCD is ? What are the postive and negative factors of Edelweiss Housing Finance NCD? Who should invest in Edelweiss Housing Finance NCD? Key Features of Edelweiss Housing Finance NCD NCD Issue Open: 8th July 2016 NCD Issue Closing date: 22nd July 2016 Type of Instrument: Secured redeemable non-convertible debentures (NCD) Size of Issue: Rs. 250 crores with a green-shoe option of another Rs 250 crores Minimum & Maximum Investment: minimum 10 NCD of Rs 1000 each = Rs 100...

Jun302016 by wealth18.comNo Comments

Mahanagar Gas Limited (MGL) IPO – Allotment status, Listing date and price

Stocks

Check MGL IPO Allotment Status, Listing date and price - 30th June - MGL IPO shares are allotted now. The listing date is 1st July. You can check the allotment status at the link - Direct link - https://mglipo.linkintime.co.in https://www.linkintime.co.in/publicissues/default.aspx Many retail investors who have applied for full Rs 2 Lakh, they have not got any allotment. The allotment is done on a lottery basis. So dont be surprised if you have not received any allotment. Also Read: Quess Corp IPO has opened on 29th June 2016, closing on July 1. See details & review. L&T Infotech IPO opening on July 11 2016. See details & review. [xyz-ihs snippet="ad1"] ------------------------------------------------------ MGL IPO Subscription Update - 23-June 2016 (Day 3 Last day...

Jun262016 by wealth18.comNo Comments

LIC Bonus Rates for 2015-2016

Insurance

Reversionary Bonus is declared per thousand of the Sum Assured Amount in each financial year by LIC. It will be be paid at the end of maturity period or on the death of the policyholder, whichever is earlier. Reversionary Bonus Rates declared as a result of valuation as at 31st March 2015 Reversionary Bonus Rates declared as a result of valuation as at 31st March 2015 Sl No. Plan Term* Bonus Rates (Per ` 1000/- Sum Assured)** 2015 1 Whole Life Type Plans (2,5,6,8,10,28 – before conversion,35,36,37,38,49,77,78,85 & 86) 70 2 Endowment Type Plans (14,17,27 – after conversion, 28 -after conversion,34,39,40,41,42,50,54,79,80,81,84,8 7,90,91,92,95,101,102,103,109,110 & 121) < 11 34 11 to 15 38 16 to 20 42 > 20 48 3 N...

Jun262016 by wealth18.comNo Comments

LIC Jeevan Pragati Policy (Table no. 838) – Plan Details and Review

Insurance

LIC has launched "Jeevan Pragati Policy" (Table Plan No. 838) in Feb 2016. Unique Identification number of Jeevan Pragati Plan is 512N306V01. This policy is with profit endowment (savings-cum-protection) policy non-linked (not linked to stock market) This is the third policy launched by LIC in 2016 after LIC Jeevan Labh and Jeevan Shikhar In this policy, the risk cover keeps on increasing every 5 year. This is an important feature as it provides adequate risk cover against inflation as the years passes. You can also add accidental benefit rider. Key Features Increasing Life Cover every 5 years (25% risk cover increased every 5 years) Option to add accidental rider Premium paid is eligible for deduction under 80(C) Maturity amount will be tax free under 10(10D) Optional Ri...

May312016 by wealth18.comNo Comments

MSCI Global Index Review Changes – May 2016

News

MSCI has made changes to its Global Indexes and it has an impact on shares of following Indian companies: These changes were announced on 12-May-2106 and will be effective from 31-May-2016 Additions Deletions MSCI Global Standard Index / MSCI India Index Bajaj Finance Reliance Communication Havells India REC Titan Company United Breweries Yes Bank Following changes were made to the MSCI Small cap Index Additions Deletions MSCI Small Cap Index Aditya Birla Fashion Bombay Dyeing Aegis Logistics GVK Power & Infra Ashoka Buildcon Havells india Balrampur Chini Indian Bank Bank Of India Jindal Saw Can Fin Homes Ricoh India Canara bank Trent Chennai Petroleum Corp Vaibhav Global Coffee Day Enterprises Essel Propack ...

May312016 by wealth18.comNo Comments

Tax deduction (TCS) threshold for cash purchase of gold jewellery rolled back

News, Taxation

The government has rolled back its budget decision to apply 1% tax collection at source on cash purchase of gold jewellery of Rs 2 lakh and above and raised the threshold to the earlier Rs 5 lakh with effect from June 1. Earlier, the threshold for tax collection at source (TCS) was applicable for cash jewellery purchase of above Rs 5 lakh. In the Budget, the government proposed to reduce the threshold to Rs 2 lakh. As a result, 1% TCS was applicable for cash jewellery purchase of above Rs 2 lakh. Jewellers went on 42-day strike opposing the change and it impacted the jewellery sale as well. Jewellers said that the Rs 2 lakh was a very small sum for wedding jewellery. So now, the government has rolled back its decision and Tax collection at source is only applicable for cash purchase of...

May312016 by wealth18.comNo Comments

No TDS for PF withdrawals of up to Rs 50,000

News, PF, Taxation

The government has now changed the rule on TDS deduction on PF withdrawal. Now, no tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1 2016. So no TDS if your withdrawal is upto Rs 50000. The Finance Act , 2016 has amended section 192A of Income Tax Act, 1961 to raise the threshold limit of PF withdrawal from Rs 30,000 to Rs 50,000 for Tax Deducted at Source (TDS)," the notification stated. The provision will come into effect from June 1, 2016. Earlier in the budget, the government had introduced the proposal to deduct TDS on PF withdrawals in order to discourage pre-mature withdrawal and to promote long term savings. Current Applicable provisions TDS shall not be deducted in case of 1) if employee withdraws PF after a period of five years 2) transfer o...

May252016 by wealth18.comNo Comments

Home Loan Tax Benefits – Section 24, 80C, 80EE

Featured, Taxation

Buying a house without home loan is distant dream for most of the people. But even if you have required funds to buy house, taking home loan can be tax efficient. You can save significant amount of tax on the principal repayment of home loan as well as Interest paid on home loan. In this post, I will try to explain the tax benefits associated with home loan. Section 80C – Deduction upto Rs 1.50 lakh for Principal repayment Under Section 80C, you can claim deduction upto Rs 1.50 Lakh by way of investment in eligible items – Home loan repayment is one of the eligible items. Read more on 80C deductions The deduction is only for residential house property and not for commercial property. It is available only for purchase or construction of a house and not for renovation, additions or ...