Monday , 21 May 2018
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Author Archives: wealth18

9.1% Dewan Housing Finance (DHFL) NCD Issue May 2018 – Details & Review

Last updated : 21st May, 2018 Dewan Housing Finance is opening its public issue of NCDs on 22nd May 2018. This NCD issue is offering  yield upto 9.10% and have 7 different investment options. Last 2 issues from DHFL in 2016 were over-subscribed on the first day itself. In this post, I am trying to put details around how good this DHFL NCD is ? What are the postive and negative factors of Dewan Housing Finance NCD? Who should invest in Dewan Housing Finance NCD?     Key Features of Dewan Housing Finance (DHFL)  NCD NCD Issue Open: 22- May-2018 NCD ... Read More »

Rakesh Jhunjhunwala Latest Portfolio Holdings – May 2018

Last updated : 21st May, 2018 Rakesh Jhunjhunwala, 53, India’s most distinctive investor with a net worth of more than USD 1 billion.  He is one of the most famous and respected equity investors in India and manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Son of an income tax officer, he started trading in stocks while in Sydenham college and plunged into investing as a full time profession soon after completing his education. He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his first big ... Read More »

Pradhan Mantri Vaya Vandana Yojana (PMVVY) – LIC Senior Citizen 8% Assured Pension Scheme Review – Should you invest?

Last updated : 25th March, 2018 LIC or Life Insurance Corporation operates the government’s 8% pension scheme for senior citizens, which is called Pradhan Mantri Vaya Vandana Yojana (PMVVY).  It is a pension scheme meant for senior citizens, offers a guaranteed interest rate of 8%. Minimum Age of Entry: 60 years Maximum Age: No Limit Key Features of this scheme  (LIC Plan No, 842   UIN – 512G311V01) Assured return of 8% per annum payable monthly (equivalent to 8.30% per annum) for 10 years Duration – 10 years Can be purchased online or offline Maximum Investment amount is Rs 15 lacs ... Read More »

Lemon Tree Hotels IPO – Analysis, Details, Review, Opening Date, Issue Price, Allotment Status, Listing

Last updated : 24th March, 2018   Lemon Tree Hotels (LTH) is India’s largest chain in the mid-priced hotels sector and third largest overall, on the basis of controlling interest in owned and leased rooms. Issue Details of Lemon Tree Hotels IPO:    IPO Open:  26th Mar – 28th March 2018 Issue Price band: Rs 54 – Rs 56 Issue Size:  Rs 1000 crore Market lot:   shares Minimum Investment: 265 shares (Rs 56 bper share) Max Investment for Retail Investor – 3445 shares Book Running Lead Managers:   CLSA Registrar: Karvy Listing: BSE/NSE Download – Lemon Tree Hotels Red Herring Prospectus ... Read More »

Notice received from Income tax department re Compliance – What to do ?

Last updated : 24th March, 2018 Many people are now receiving notice from Income tax department regarding non filing of income tax returns for last few years ( 2012-2013, 2011-2012, 2010-2011, 2009-2010.) . Income tax department asks them to reply within 10 days . Income tax department is collating information from various sources and sending notices to non-filers. they are requested to submit the Compliance Form on efiling website. Also Read News – Income Tax Dept to send notices to further 21.75 lakh “non-filers” There is no need to Panic just because you have received the notice. A notice does ... Read More »

[How to] check PF balance online in India via UAN, SMS, Missed Call, App

Last updated : 17th February, 2018 EPFO (Employees Provident Fund Organisation) provides option to check you PF balance online. Once you enter your details, you will get your balance via SMS on your mobile number. Whether you want to check your PF balance for Delhi,  Gurgaon,  Noida, Hyderabad, Bangalore, Chennai, Gujarat, Mumbai, Andhra pradesh, Pune, Karnataka, Kolkata etc,  you can use the steps below to get your balance via SMS. Please note that some big organizations have their own PF trust and they do not keep money with EPFO. In such cases, you cannot check the balance online by using ... Read More »

Porinju Veliyath Stock Recommendations Multibaggers for 2018

Last updated : 16th February, 2018 Porinju Veliyath, MD & Portfolio Manager of Equity Intelligence India is a prominent Indian investor and he believes that 2017 will provide good returns in the stock market.   Porinju Veliyath Latest Portfolio (where he holds more than 1% of the company) Company No of Shares (in Lakhs) Rs Crore VEDAVAAG Systems 1.5 1 Balkrishna Paper Mills 1.1 1 JITF Infralogistics 2.75 1 Palash Securities 1.01 1 Raunaq EPC International 0.5 1 Parnax Lab 1.05 1 BCL Industries & Infrastructures 2 3 Sarda Plywood Industries 1.59 3 Emkay Global Financial Services 2.6 6 IZMO ... Read More »

Budget 2018 : Long Term Capital Gains (LTCG) Tax – 10% on Shares, Equity Funds

Last updated : 17th February, 2018   In Budget 2018, Finance Minister Arun Jaitley has re-introduced the Long Term Capital Gains (LTCG) tax on Stocks / Shares. What has changed? Since 2001-2005, LTCG was exempt from tax. If the investor is selling stick after 1 year (long term) , then no tax is payable on the profits made from such investment . But now, the LTCG tax on shares has been re-introduced – Investors will have to pay 10% tax on profit exceeding Rs 1 lakh made from the sale of shares or equity mutual fund schemes held for over ... Read More »

Indian Union Budget 2018- 2019 – Highlights, Impact

Last updated : 2nd February, 2018  Arun Jaitley presented the Budget for 2018-19 in Parliament on 1st Feb 2018.  Following are the highlights of his speech: Income Tax No change in personal income tax slabs and rates; Surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr, 15% on income above Rs 1 cr to continue; Standard Deduction returns after a decade; Rs 40,000 to be allowed in lieu of transport allowance and medical expenses; Growth in direct taxes up to Jan 15, 2018 is 18.7%; Corporate tax reduced to 25% for firms with turnover ... Read More »

Best Performing Sector Funds, International Funds & Arbitrage Funds – 2018

Last updated : 27th January, 2018In my previous post, I have listed the best Performing Equity Funds ( Large Cap , Midcap/ Small Cap, Diversified Funds), balanced Funds, Debt Funds & Gold Funds. Now ion this post, we are mainly looking for best performing Equity Sector Funds, International Funds as well as Arbitrage funds. Read my post – Best Mutual Funds to invest – Top performing Mutual Funds in India Equity Mutual Funds – Sector / Thematic Please note that Sector Funds invest in particular sector and involves higher risk as compared to Diversified funds. Sector specific risks exist in ... Read More »

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