wealth18.com - Wealth18.com

May62014 by wealth18.comNo Comments

[How to] improve your Credit History & CIBIL Credit Score

CIBIL

Credit history is playing an increasingly important role in financial transactions. Almost all credit institutions today check the applicants credit report from CIBIL before deciding on loan and credit card applications. In addition to your credit report and credit score, lenders weigh a number of factors to determine if you are able and likely to repay the debt. CIBIL Credit report is a snapshot of your past and current credit relationships. It is now mandatory to maintain a good credit score for getting all types of borrowings from banks, whether it is a home loan, car loan, personal loan or business loan. What affects the Credit score? Following are some points that can affect your credit score: Irregularity in Loan repayment Default in repayment of Credit card bill Cheque bounce...

May32014 by wealth18.comNo Comments

[How to] correct or rectify errors in CIBIL report

CIBIL, How to Series

In my earlier post, I explained – How to check your CIBIL report & score online. Once you have downloaded the report, you should check whether the information mentioned is correct and belongs to you. Have you noticed any entry which does not belongs to you ? Are there any errors ? Are you in CIBIL defaulter list because of wrong data? In this article, I will explain How to rectify such errors in your CIBIL report 1) Get a copy of your CIBIL report: Read my post - How to get CIBIL report / score online 2) Identify the discrepancies: Once you get the report, you should go through the report carefully. Check Basic details like Name, DoB, Address, Transactions etc are correct. Errors / Mistakes can fall in any of the 4 categories On your personal information Account details Own...

Apr302014 by wealth18.comNo Comments

Piramal to acquire 10% stake in Shriram City for Rs 790 cr

Stocks

Piramal Enterprises, promoted by Ajay Piramal, today proposed to acquire 9.99% stake in NBFC firm Shriram City Union Finance for about Rs 790 crore.Piramal Enterprises has agreed to acquire 65.8 lakh shares for cash on preferential basis at a price of Rs 1,200 per share of Shriram City Union Finance. This represents 9.99% of the post-diluted equity share capital, Shriram City Union Finance said in filing to the BSE. Shares of Shriram City Union Finance closed at Rs 1,183.05 per unit, up 5.11% on the BSE. It has been decided to hold an extraordinary general meeting of shareholders on May 30 to seek approval for selling 10 per cent stake, the filing said. Shriram City Union Finance is a deposit-accepting non-banking financial company (NBFC) specialising in retail finance. With assets u...

Apr252014 by wealth18.comNo Comments

10 midcap Stocks that can give upto 36% return in a year

Stocks

As per analysts, market volumes have improved with the small and midcaps beginning to see volumes and performance. They were laggards in the calendar year 2013. We have collated a list of 10 midcap stocks which have good operating ROEs and hold potential of an earnings recovery in 12 months. The companies are reducing debt and sales growth has been positive: Brokerage: JPMorgan 1. Indian Hotels: Peak supply in the domestic market in our view is over and a large part of the company's capex is coming to an end. Any improvement in beaten down ADRs in the domestic market could improve EBITDA significantly given operating leverage. Incremental growth is mostly via management contracts. 2. Cox and Kings: The company has become free cash positive and the UK business is now throwing up ...

Apr242014 by wealth18.comNo Comments

Rakesh JhunJhunwala further buys 1% in Prakash Industries

Stocks

On 23-April-2014 , Rakesh jhunJhunwala again picked up 1% stake in Prakash Industries @ 68.15 / share. he picked up 7.5 lakh shares. Earlier on 4th of April 2014 , he picked up 1.85% stake ( 25 lakh shares ) @ Rs 59 . Read News Trailing 12-month (TTM) EPS - Rs 11.13 per share. (December, 2013). The stock’s price-to-earnings (P/E) ratio was 6.17. The latest book value of the company is Rs 155.67 per share. At current value, the price-to-book value of the company was 0.44. The dividend yield of the company was 1.46 percent. See Portfolio Holding of Rakesh JhunJhunwala

Apr242014 by wealth18.comNo Comments

Kosamattam Finance NCD April 2014 – Details & Review

Bonds

Kosamattam Finance Limited has opened its public issue of NCDs on 23 April 2014 and it closes on 22 May 2014 ( Closed early on 6-May-2014) Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 100 crores Listing – Proposed to be listed on BSE Credit Rating - BB by CARE Investment option – Monthly/ Cumulative Interest for 390 days, 18 months, 36 months, 66 months About Company Kosamattam Finance Ltd, headquartered in the southern Indian state of Kerala, is a NBFC lending money against pedge of used household gold jewellery “Gold Loans” in the state of Kerala, TamilNadu, Karnataka Andra Pradesh, Delhi and in the Union Territory of Poducherry. The Kosamattam group was originally founded by Mr. Chacko Varkey. His grandson, Mr. Mathew K. Cherian, the present Chairman and managi...

Apr232014 by wealth18.comNo Comments

Can NRIs invest in Public Provident Fund (PPF) in India?

NRI

Public Provident Fund (PPF) is one the best investment options in India which provides risk free & tax free returns (8-10%). But, Can NRIs take benefit of this investment option? Let’s discuss in detail. 1. I am an NRI. Can I open NEW PPF Account? No, an NRI can’t open a new PPF Account in India. However, he can maintain the existing PPF Account opened when he/she was resident. 2. I opened PPF account when I was in India but now I am working outside India. Can I continue with this PPF account? Yes. If the PPF account was opened when you were resident, then you can continue with this PPF account even after you become an NRI. Till 2003, NRIs were not allowed to contribute amount into existing PPF accounts opened when they were resident. However, in 2003, government allowed NRIs to con...

Apr222014 by wealth18.comNo Comments

Earn more with DIRECT plan of Mutual Funds

Mutual Funds

From Jan 2013, Direct Plan for Mutual funds are in the market. In the first month, people were sceptical if there is going to be much difference in returns on Standard Plan & Direct Plans of Mutual Funds. Here is the NAV Comparison of some MF under Standard Plan & DIRECT Plan over last 1 year So, fromt the table you can see that you can see the Savings made by DIRECT Plan of Funds over last 1 year. A. What is Direct Plan of Mutual Funds? From 01-Jan-2013, Investors have the option of investment in the Direct Plan option of mutual funds. DIRECT Plan STANDARD Plan you invest directly with Mutual Fund Company (AMC you invest through mutual fund agent (individual / bank / online) The DIRECT PLAN of mutual fund scheme has lower expense ratio as compare to STANDARD Plan as...

Apr172014 by wealth18.comNo Comments

Shriram City Union Finance NCD April 2014 – Details & Review

Bonds

Shriram City Union Finance has opened its public issue of NCDs on 16th April 2014 and it closes on 16-May-2014 ( Closed early on 21-April-2014) Type of Instruments – Secured Redeemable NCDs Size of Issue - Rs 200 crores Listing – Proposed to be listed on BSE & NSE Credit Rating - AA by CARE Investment option – Annually / Cumulative Interest for 3 yrs, 4 yrs, 5 yrs About Company Shriram City Union Finance Limited (SCUF) is a part of the Chennai based Shriram group of companies and the sister concern of Shriram Transport Finance. They are entering the debt market second time. SCUF is incorporated in 1986 and is registered with the Reserve Bank of India as a deposit-taking non-banking finance company (NBFC) with its presence in gold loans, small business finance loans, auto loans, two-...

Apr172014 by wealth18.comNo Comments

FIIs raise holdings in mid-cap companies in March 2014 quarter

Stocks

Foreign institutional investors (FIIs) have traditionally remained skeptical about mid-caps because of corporate governance concerns and lack of liquidity in the stocks, but they have increased their stakes in the counters in the March 2014 quarter. Brokers said the difference in valuations between large-caps and midcaps had widened significantly in January, resulting to FIIs' interest in them. The list shows these investors bought shares of companies with strong growth prospects or cheap valuations. Increase in FII Holdings Decrease in FII Holdings Source: ET