Mutual Funds Invests Rs. 5 lac Crores in Just 10 stocks.
09 NOV 2022 | 13.33 hrs
Approximately 35% of the Equity Mutual fund AUM is invested in Just 10 stocks.
Hence Most Mutual fund Schemes will have a noticeable impact on their NAVs if these stocks Rise or Fall.
These Top 10 stocks are
ICICI Bank | HDFC Bank | Infosys |
Reliance Industries | SBI | Axis Bank |
HDFC | Bharti Airtel | L&T | and ITC.
Byju’s subsidiary Aakash plans IPO with a billion dollars by June 2024
–Byju’s acquired Aakash in April 2021. Preparing to list its subsidiary Aakash, an offline coaching chain.
–The size of the IPO could be in the range of $1 billion, valuing Aakash at $3.5 – $4 billion.
–Shares of new-age loss making companies like Zomato, Paytm, PB Fintech have been down 56% & 59% since the start.
Will that be the same story with Byju’s?
3 REASONS WHY EQUITY MARKET IS FALLING
27 JUNE 2022 | 10.19 hrs
- Rising Inflation: Fear amid Rising Inflation (presently over 7%) which normally leads to aggressive interest rate hikes, made investors re-think on their investments in equity.
- Selloff by Foreign Investors: Analysts believe that negative sentiments across global markets, speculation of aggressive rate hikes by US fed, and weaker rupee forced foreign investors towards continuous equity selloff.
- Volatile crude oil prices: various factors are affecting the global crude oil demand and supply chain. Starting from Ukraine vs. Russia crisis, to curb on the production by OPEC, latest disruption in supply chain coming amid fears of rising covid-19 cases in china.
Oil prices affects business profitability and hence an important factor affecting stock prices.
However, we believe that this negative sentiment and the related fall may not last beyond Dec 2022, and we are hopeful that the Indian stock market will show a very good recovery in 2023.
So we strongly advice to stay invested and stay updated.
LIC IPO launch on 4th may 2022
27 Apr 2022 | 10.50 hrs
The LIC IPO will be the largest public issue in the history of the Indian capital market, the IPO Opens on 4th May 2022.
Govt. of India will sell 3.5% stake in LIC to raise Rs. 21,000 Crores.
The bidding price is between Rs.902- Rs.949.
The IPO values Life Insurance Corporation at Rs 6 lakh crore
LIC has 30 crore policy holders, 14 lakh agents, assets of $500 billion, which is more than GDP of some nations,
LIC has reserved 10% of the issue size for policyholders and 5% for its employees.
LIC has reserved up to 35% of its total IPO size for retail investors.
LIC Policyholders are like to get a discount of Rs 60 per share.
Paytm in Crisis Mode
14 Mar 2022 | 12.50 hrs
Stock Price of Paytm is down over 13% to hit an all-time low of Rs 672.10 after Reserve Bank of India (RBI) asked Paytm Payments Bank to immediately stop opening new accounts amid “material supervisory concerns” observed in the bank.
Currently, the stock is trading 65 per cent down from its all-time high of Rs 1,961.05. It opened 12 per cent down at Rs 684 against the previous close of Rs 774.80 on the BSE. The market cap of the company slipped below Rs 45,000 crore on the BSE during early trade hours.
LIC IPO will likely be opened in Last week of March 2022.
22nd Feb 2022 | 14.14 hrs
10 % shares shall be reserved for LIC’s Policy holders.
Notes for Policy Holders who wish to invest in this IPO
- 10% of the Total IPO is reserved for policy holders of LIC
- ONLY LIC Policies purchased before 13th Feb 2022 shall be eligible.
- Policies should compulsorily be updated with Insured’s Pancard No.
- Last date for updating your pancard Number in your policy is 28th Feb 2022.
To Link Your pancard online click on https://linkpan.licindia.in/UIDSeedingWebApp/
You can also contact your LIC agent for doing the needful.
Don’t believe anyone who assures you to allot shares on pretext of selling a New policy, The cut-off date for becoming a LIC policy holder was 13th Feb 2022.
Finance Bill 2022 Provides Tax Relief for Covid-19
18 Feb 2022 | 11.04 hrs
Finance Bill has provided Tax Relief for Those Affected by Covid-19
- Any Sum paid by the Employer for Covid Treatment will not be treated as a taxble perquisite.
- Any Payment received by an individual from any person to treat Covid-19 will not be taxed.
- Any Sum received by the family of a Covid-19 related deceased from the victim’s employer within 12 month of his/her passing will not be taxed., max upto Rs. 10 lacs.
- Also any such payments received from any person other than the employer will also be exempted upto a Max of Rs. 10 lacs.