Amit was looking for the purchase of his new house but unfortunately nothing was in his budget. Then one fine day he heard an advertisement on the local FM channel about a project which seemed to fit his budget. So he called up the builders advertised phone number and the builder confirmed the price for [...]
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Fixed maturity plans (FMP) are closed ended debt mutual funds which are very similar to fixed deposit by banks. These are of varying tenures like three months, six months, one and two years and rarely for three years. These schemes portfolio consists of debt securities such as Government Securities, certificate of deposit and commercial papers of [...]
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Samvardhana Motherson Finance Limited (SMFL) IPO is open for subscription from May 2 to May 4, 2012. This post would cover the subscription status of the same on a daily basis. Update: May 04, 2012 SMFL has withdrawn its IPO due to poor demand. It was only able to subscribe 23% till 4:00 PM the end [...]
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The IPO of Samvardhana Motherson Finance (SMFL) opens on May 2, 2012 with a price band of Rs. 113 – 118. This post is to collect all the recommendations by experts which might help you to take a decision to invest in SMFL IPO. Brokers Recommendation Download Report SMC Investor who has high risk appetite [...]
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Samvardhana Motherson Finance Ltd (SMFL), component supplier to auto industry is coming out with its Initial Public Offering (IPO) of Rs 1,665 crore. The issue, which consists of a fresh issue of Rs 1,344 crore and an offer for sale of Rs 321 crore by Radha Rani Holdings Pvt. Limited, will open for subscription during [...]
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IDBI Mutual Fund has launched its second equity fund – IDBI India Top 100 Equity Fund which has opened for subscription on April 25, 2012. Investment Objective: To provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments. The investment universe [...]
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There were reports of heavy buying of Gold everywhere on the auspicious occasion of Akshay Tritiya on April 24, 2012. I thought of checking how did the new channels of buying Gold - Gold ETF and e-Gold performed. Below is the graph showing turnover of Gold ETFs on Bombay Stock Exchange (BSE) on April 24, 2012. Also [...]
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There is good news for six crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.6% for FY 2012-13. This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had [...]
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Here is an opportunity to unleash the creative side of you and win Rs. 50,000. You need to create tagline of 3 – 4 words for Delhi which captures its rich History, Culture, Diversity & Modernity. The tagline should inspires travelers to visit the city. This is an initiative by Delhi Tourism to publicize its tourism [...]
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India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates from April 24, 2012. Below are the revised rates. Premature withdrawal of SBI Term Deposits: Domestic Term and NRO Deposits should remain for a minimum period of 7 days and NRE Deposits should remain for a minimum period [...]
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Tribhovandas Bhimji Zaveri Limited (TBZ) IPO is open for subscription from April 24 to April 26, 2012. This post would cover the subscription status of the same on a daily basis. TBZ IPO Subscription Day 3: TBZ IPO subscribed 1.15 times on final & third day of issue (April 26) Qualified Institutional Buyers (QIB) – 1.29 [...]
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Gold has always fascinated us Indians. Traditionally the only way to own gold was in form of Jewelry which was passed from generation to generation. These jewelries are commonly made of 22 Karat gold which means 91.6% gold. Next, the fascination for pure gold lead to a market for 99.9% pure Gold coins and bars. [...]
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Talk to anyone and you would find them inadvertently talking about “Inflation” and how the power of rupee is depreciating rapidly. How the household budget is going for a toss with ever increasing prices. Economic times came out with a nice info graphic showing What a rupee can buy now and what it used to buy [...]
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With staggering returns of more than 20% per annum for last 5 years, Gold has become a hot investment opportunity. Mutual funds in a bid to en-cash this opportunity have launched gold ETFs and gold mutual fund schemes one after the other. On the last count there are 12 gold ETFs trading on exchanges and [...]
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Income Tax Calculator for FY 2012-13 (Excel Download)
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Disadvantages of Systematic Investment Plan (SIP) and the way out
Life Insurance - Term Plan details
Cheapest Online Term Life Insurance Plans in India - April 2012
Motilal Oswal MOSt Shares Gold ETF NFO – should you invest?
Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument - FY 2012-13
LIC Jeevan Vriddhi: New Advertisement
Employee Pension Scheme (EPS) – How good?
Which is the best Demat Account?
Most expensive Tata Nano launched
Pre-Launch of SKM Cambrian Forest in Sector 95 Gurgaon
Personal Income Tax - Common Rules & Regulations in India
SBI Tax Saving Deposit Scheme 2012 - Interest & Annual Yield
Infrastructure Bonds available in February 2012
