April, 2012 | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

Samvardhana Motherson Finance (SMFL) IPO: Price Band and Details

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 [...]

IDBI India Top 100 Equity Fund – Should you Invest?

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 [...]

Gold ETF and e-Gold Turnover on Akshay Tritiya

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 [...]

Create a tagline for Delhi and win Rs. 50000

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 [...]

SBI NRE/NRO, Senior Citizen, Domestic Term Deposit Rates – April 2012

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 [...]

Tribhovandas Bhimji Zaveri Limited (TBZ) Daily Subscription Status

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 [...]

Five Ways to Invest in Gold

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. [...]

What a Rupee can Buy?

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 [...]

Best Gold ETF (Exchange Traded Fund) in India

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 [...]

SBI NRE Term Deposit Rate – April 2012

SBI (State Bank of India) recently advertised its rates for NRE Term Deposit Rates in leading newspapers. The advantage of NRE Term deposit is that the interest paid is tax free in India and both principal and interest is fully Repatriable. The interest rate is 9.25% across tenures. The other thing to note is No [...]

Fixed Deposits: Power of Compounding, Interest Rate Frequency and Yield

Fixed deposits are considered to be one of the most simple investments – easy to understand and not may complicated terms and conditions. But as all other investment products have increased in complexity with time, so have fixed deposits. There are few terms which you should know and this will help you to calculate your [...]

What does Mutual Fund Name tells You?

Whats in the name! said Shakespeare… but we differ here. Mutual fund names can tell you a lot more. The names tell you the broad strategy is the fund is going to follow for investment. This helps them differentiate from the plain vanilla equity mutual fund schemes. Growth Funds: This is the most common fund [...]

NBCC hits Lower Circuit while MT Educare touches Upper Circuit

Two IPOs (Initial Public offer) – NBCC and MT Educare listed on stock exchanges today. State owned NBCC (National Buildings Construction Corporation) disappointed investors as it fell more than 10% from its issue price of Rs. 106 to Rs. 95.05 and hit its lower circuit. The equilibrium price for the stock has fixed at Rs [...]

E-filing of Tax Return compulsory for Income above 10 Lakhs

It is now mandatory for individuals or Hindu Undivided Family (HUF) with income of over Rs 10 lakhs to file their tax returns for 2011-12 electronically. This is good news for lot of websites which help people for e-filing of Tax returns. Also e-filing has a lot of advantages than traditional way of filing returns by paper. [...]

Birla Sunlife Century SIP: Free Life Insurance with Mutual Fund

Mutual Funds (MF) are one of the best investment vehicles to create wealth in the long run. And Systematic Investment Plan (SIP) the best way to invest in them. What if the Mutual Fund companies start offering free insurance with MF SIPs in their schemes! According to me it’s an excellent opportunity to start doing [...]

Parking Short Term Money – Bank Fixed Deposit or Liquid Fund or Savings bank Account?

There are times when you are very close to your financial goal and want to park your money for short term somewhere where it’s safe, it can easily be withdrawn and in the meantime get some reasonable returns. Here I am considering short term as less than 1 year investment horizon. There are three options [...]

What does Digits in PAN Number Mean?

I am sure majority of readers of this blog would have PAN Number (Permanent Account Number) issued by the Income Tax Department. But do you know what does the digits in PAN Number mean? Below is a sample of PAN Number. It is a 10 digit alpha numeric number, where first five characters are letters, the [...]

Gold Saving Scheme List From Jewelers – Tanishq, P C Jeweller, GRT, Gitanjali, TBZ

I have compiled a list of Gold Saving Schemes from different jewelers in India. Tanishq: The Golden Harvest Scheme Tanishq from the house of Tata Group is one of the biggest jewelers in India with country wide network. Also its Golden harvest Scheme is one of the most advertised. There are two options: The 11+1 Plan [...]

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