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trade-unlisted · 1 year

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National Stock Exchange (NSE) Unlisted Shares

Overview:

India’s leading exchange; the National Stock Exchange of India Limited (NSE) was incorporated in 1992 and has had the highest turnover every year since 1995.

NSE enjoys a leading market share (by total turnover) of 93% in the Equity Cash market, 100% in Equity Futures, 100% in Equity Options, 70% in Currency Futures, and 95% in Currency Options for the fiscal year 2022, based on the premium value.

NSE is the first exchange in the country to provide a modern, fully automated screen-based electronic trading system. For more than two decades, NSE has spearheaded the digital transformation of India’s capital market.

NSE continues to be the world’s Largest Derivatives Exchange for the 3rd consecutive year.

Indian investors can now trade US Equities through NSE IFSC.

Top Shareholders as on March 31, 2022

Life Insurance Corporation of India (LIC)

Aranda Investments (Mauritius) Pte Limited

Stock Holding Corporation of India Limited

SBI Capital Markets Limited

Veracity Investments Limited

State Bank of India

Crown Capital Limited

MS Strategic (Mauritius) Limited

Acacia Banyan Partners

Buy NSE Unlisted Shares

If you are looking to buy NSE Unlisted Shares, then TradeUnlisted is the best platform for you. TradeUnlisted is the leading platform for buying and selling of Unlisted & Pre-IPO stocks. You can simply login and view the top unlisted shares of Indian companies at the best prices. Visit TradeUnlisted and access:

NSE Company Overview

NSE Consolidated Results

NSE Research Report

NSE Latest News

FAQs to resolve most of your common enquiries related to NSE Shares

Track your Unlisted Portfolio

Manage your Transactions

Visit TradeUnlisted to invest or place your interest in NSE Unlisted Shares. You may also call us on +91 8958 212121 or write to us at [email protected].

Disclaimer: TradeUnlisted is a transactional platform. We are not a stock exchange or an advisory platform. Investments in unlisted products carry a risk and may not provide the anticipated returns and there is a possibility of losing the entire capital as well. There is no assurance of exit and listing date and no clarity whether the IPO will come or not. Unlisted shares go in a lock-in for 6 months close to the date of listing. No one should rely solely on the information published or presented herein and should perform personal due diligence or consult with an independent third-party advisor prior to making any investment decisions.The information is obtained from secondary sources, we do not assure the accuracy of the same. The estimates and information is based on past performance, which cannot be regarded as an accurate indicator of future performance and results.This is for informational purposes only and does not constitute, and shall not be interpreted as an offer for sale, advice to buy or sell any unlisted shares. Investors should seek their own independent investment, legal or other advice as required prior to investing.

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tradingnew01 · 2 years

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Best Indian bank stocks to invest in 2022

The banking sector is one of the favourite investment choices for fund managers and expert investors. The industry is one of the most reliable sectors for steady growth and stability. The Indian banking industry has been a part of the Indian economy for a long time and is likely to play a critical role in the coming years. These stocks can serve as a great way to diversify your portfolio.

The Indian banking segment is thriving, with many banks posting double-digit returns on equities. They have a strong influence on the economy.

Best Indian bank shares to buy

Indian banks are doing pretty well despite the pandemic and rising economic crisis. The PSU players once dominated the sector. But the scenario has changed now, with many private players being prominent. Here are some banking shares to buy.

HDFC Bank

HDFC is the second largest Indian private lender by asset and market capitalization of Rs 8,42,175 crores. It has a network of 6342 branches and 18,130 ATMs.

HDFC Bank offers a diverse portfolio of personal banking, corporate banking, asset management, life insurance, and mutual funds.

Follow live updates of HDFC Bank share price on Angel One.

ICICI Bank

ICICI, a leading private lender established in 1994, offers various financial products and services to individuals, small businesses and large corporations. The company has a presence across Indian states and abroad.

ICICI Bank has a market capitalization of Rs 6,33,028 crores.

Buy ICICI Bank stocks. Follow ICICI Bank share price live updates on Angel One.

SBI

SBI is a dominant player in the Indian banking segment with a market capitalization of Rs 4,97,993 crores. It is the largest state-owned banking and financial service company. In 1955, the government nationalised the Imperial Bank of India, with the RBI claiming a 60 percent stake in it.

Invest in SBI stocks. Follow live SBI share price on Angel One’s website.

Kotak Mahindra

Kotak Mahindra Bank is based in Mumbai. It offers retail, corporate, and investment banking services.

Some of the products and services offered by Kotak Bank include personal and business loans, asset finance loans, credit cards, mortgages, asset management, etc. As of June 30, 2022, Kotak Mahindra Bank had a market capitalization of Rs 381,878 crores.

Buy stocks of Indian banks. Follow Angel One’s website for live updates on Kotak Mahindra share price.

Axis Bank

Axis is one of the largest private lenders in the country. The bank offers a diverse product range and lending services to individuals, small and medium businesses (SMEs), large corporations, non-resident Indians (NRIs), other financial institutions, and High Net Worth Individuals. Besides, the company also offers services like deposits, loans, insurance, asset management, mutual funds, wealth management, credit cards, Forex trading etc.

Axis Bank has a market capitalisation of Rs 2,47,419 crore.

Track live Axis Bank share price updates on Angel One.

Yes Bank

Yes Bank is an Indian private lender that offers corporate and institutional banking, investment banking, corporate finance, branch banking, wealth management and more. Yes Bank shares are suitable for long-term investment and have generated good returns for investors.

The bank has a market capitalization of Rs 43,720.94 crore.

Track Yes Bank share price on Angel One’s mobile app.

Banking sector stocks perform in line with the economy. These stocks are a great way to bolster your portfolio. But you must know what you are doing. The Indian banking sector has outperformed most other industries in the past years. If you are looking to diversify your portfolio and add growth, invest in Indian banking shares. Open a free Angel One Demat and start investing.

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.

#yes bank #sbi share price

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acchento-blog · 4 years

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Real Estate to Attract More Investors Post COVID-19

The Coronavirus pandemic has significantly impacted various businesses and has hit the realty sector as well. The lockdown made everybody consider their financial planning strategies and expense management skills.

The restricted flow of liquidity has also made people reconsider how they are investing their hard-earned money. The current crisis also compelled the Government of India to announce various measures to boost the Indian economy.

Slashed Repo Rates Offer Ray of Hope.

The realty sector has a prominent role to play in building the economy of our country. The announcement by the Reserve Bank of India to cut down Repo Rates has further compelled home buyers to take a plunge in investing in the real estate segment.

The changes in the structure of loans and interest rates have always profoundly impacted the property market. The reduced repo rate will lower home loan interest rates to 7.2 percent. This is certainly going to give a massive boost to the real estate sector.

The leading financial institution in our country SBI has lowered its interest rate on home loans to 7.15%. LIC housing has also slashed interest rates to 7.40%.

The Repo Rate was close to 4.5% in the year 2004. This was the period when the realty sector experienced a massive boom. However, as the Repo Rates increased, the growth in the segment declined. Now, once again the Repo Rate has come down to 4 percent indicating clearly that the realty sector is ready to scale up!

The lowered rates pave way for lower-income groups to realize their dreams of owning a home. Reduction in interest rates will encourage people to invest in properties over a longer term to earn better gains. Furthermore, lowered interest rates will compel people to switch from conventional investment modes like a fixed deposit to other safe investment options such as real estate.

A Safe Investment Option. A survey was jointly conducted by Housing.com and NAREDCO (National Real Estate Development Council) in the Indian Real Estate Consumer report for the months of April – May 2020.

As per the report, 35% of surveyed respondents still believed that Real estate was the best mode of investment. 28% said Gold; 22% said Fixed Deposits and 16% believed Stocks was the better investment.Currently, the property prices are low and the builders are offering various lucrative freebies and incentives to home buyers. Investments in the real estate sector further yield stable returns.

If financial firms come forward and pass on the benefits to customers during the current crisis, then the realty market can witness a boom that it experienced in the years when the interest rates were significantly low.

The residential market will always be in demand as it takes care of the housing needs of individuals. With a growing economy and an increase in population, the sector will fare well and attract investors who have realized the importance of investing in real estate assets.

The segment will now witness an influx of investors who will eagerly invest in smaller units to make their first investment. Innovative ideas by the developers and the government can offer more options to prospective investors and buyers.

Lucrative Schemes from the government.

Government schemes like CLSS under the Pradhan Mantri Awas Yojana Urban further have the potential to boost the growth of the segment. The deadline of the CLSS scheme has been pushed to March 2021 and those who have never invested in any property can claim significant benefits under the scheme.

Low-income families and middle-income groups can grab this opportunity and propel the sales in the residential market segment. The lower property rates, slashing of Repo Rates, incentives from builders and schemes from the government will surely push the growth of the real estate segment post the COVID-19 crisis.

The announcement made by the apex bank to infuse Rs. 1 lakh crore in Microfinance institutions will further prove to be a boon to the segment. With tenants being harassed by landlords during the coronavirus pandemic to pay rents despite pay cuts have compelled more individuals to consider investing in small units. Low pricing at this juncture is already acting as a trigger. Whoever is going to invest in properties now is going to receive it at 20 percent cheaper rates.

Eagerness to Invest in Properties Post COVID-19.

Another survey conducted by Magicbricks.com has revealed that despite the coronavirus outbreak, homebuyers want to go ahead and purchase a property with a reduced budget.

67% survey responders reported that they want to invest in a property while the prices are affordable and the interest rates are lower. Pune and Bengaluru markets have performed exceedingly well in the past six months. These will witness a tremendous surge in the months to come.

Consumers in these cities are keen on investing in Ready-to-move properties and pay EMIs over a home loan instead of rent. The property prices in Bangalore have dropped by 5 percent and in Pune, it is 2 percent cheaper. These markets have witnessed the least reduction in prices when compared to the price drop in Ahmedabad (9%) and Hyderabad (7%).

The majority of home buyers are keen on buying a property soon after COVID-19 to avail discounts and benefit from slashed interest rates. Those who don’t own any property can benefit from applying for the CLSS scheme.

Property developers have started offering a virtual tour of properties so that interested individuals can consider their options and make an informed move. Minimal site visits, online documentation, minimized purchase efforts, online registry, and relaxed down payment financial terms would further attract more buyers to invest in the real estate market segment.

In Summary

It is no wonder that the real estate market is going to witness a massive boom post the current crisis. The reduced property rates, lucrative deals, lowered interest rates, and incentives from builders have compelled individuals to think about investing in safe investment options. There has been a sense of eagerness in individuals to own a property of their own instead of paying rental charges that are constantly rising.

#pradhan mantri awas yojana #home loan #housing loan

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fewous-blog · 5 years

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Buying Bitcoin in Japan

Coincheck A Bitcoin change primarily based in Japan, customers can buy Bitcoins on this exchange and buy and sell them the use of financial institution transfers or credit playing cards. It is personal for jap residents buying much less than $500 really worth of bitcoin which means that that there is no need for identity verification and it also supports a couple of altcoins. There's no set price for credit card deposits and so it varies based totally on conditions. Furthermore, the alternate may be a little tough to apply for new Bitcoin users seeing that it's miles mostly geared towards digital foreign money investors.

Bitflyer

Bitflyer is the biggest Bitcoin broker and exchange in Japan when one takes into account the variety of customers, common each day extent and investment capital. To unlock higher month-to-month limits one wishes to go through identity verification and guide in this internet site is to be had simplest from 9AM to 7PM on weekdays. Despite the fact that it could be a bit more difficult to use this bitcoin alternate, it has extremely low costs charged which involves around simply 0.15% and reduces even similarly more down with more common buying and selling.

Bitbank Japan’s fastest growing virtual currency trading, Bitbank additionally gives its customers and clients exceedingly correct and dependable marketplace insights for the buying and selling of Bitcoin and Litecoin. This web site also features a digital wallet service. An internet primarily based trading platform, it's miles thoroughly well suited with all forms of computer systems and cellular phones. Bitbank fees neither deposit nor trading charges for this reason making it a unique digital currency platform in its own. The simplest expenses users are required to pay is on their withdrawals which stands at round 0.0001 BTC or 0.001 LTC per withdrawal. Virtual foreign money is hung on this website online in bloodless storage. It helps handiest japanese Yen and it is very easy to apply and navigate.

Fisco digital forex Fisco digital forex is a eastern Bitcoin and different crypto assets trading corporation. It has a totally low trading fees and its users are best charged a withdrawal prices, nothing else. Its internet platform is geared up with all its basic gear and is a completely clean platform to use. It calls for you to undergo identification verification and it's miles hence obligatory so that it will maintain a japanese passport or Visa. It trades in most effective 3 virtual currencies specifically Bitcoin, Manacoin and Bitcoin cash and also has no pockets service so you are required to set up a pockets on some other website online that provides digital pockets services.

SBI digital Currencies SBI Holdings is one of Japan’s financial giants. It is active best for a limited variety of customers and helps handiest one virtual foreign money up to now that's Bitcoin. It's miles anticipated to trade in Bitcoin coins, Ripple and Ethereum as soon as it is completely launched. A very reliable and recognized name, this makes it secure and at ease for users to make investments their cash in. They have a complete of 8.5 million accounts across financial carrier subsidiaries.

Bitocean

Primarily based in Tokyo, Japan, Bitocean is every other famous digital currency trading in Japan. They make Bitcoin computerized Teller Machines (ATMs). Presently, they're running on putting in a brand new O2O Bitcoin trading platform solution. It has a solid and secure embedded software program created by a professional ATM manufacturer with a zero licensing prices for all transactions. It can be used in several languages – English, chinese and of course japanese and it additionally generates a paper wallet. It supports no longer simply eastern Yen but a couple of currencies and helps verification via numerous mediums which include electronic mail, SMS and cellphone.It requires 15 seconds for transaction processing and has a financial institution stage hardware gadget for efficient and cozy provider.

Zaif

Zaif is one of the essential players within the eastern virtual currency trading market. Owned by using Tech Bureau, it has a low trading rate of zero% and a every day rate of zero.039% of the total position amount per day. It has true law, plenty of tools and instruments and offers an instant alternate carrier. Smooth to apply for all styles of traders, it offers excellent safety.

GMO Coin Based in 2016, GMO Coin is any other well known virtual currency exchange in Japan. It offers advanced danger control and makes common traits inside the digital forex space. Available as each an android and ios app, it trades in four primary digital currencies specifically Bitcoin, Ethereum, Litecoin and Ripple.

If You Want to Buy Bitcoin in South Africa

Bitarg alternate

Bitarg alternate is a cryptocurrency trading platform based in Tokyo, Japan. Yahoo! Japan has sold forty% stocks of the Bitarg trade. Which means the Yahoo! Japan exchange might be newly constructed by means of its builders and engineers however could be closely primarily based upon the structures of Bitarg.

Xtheta employer Any other popular digital forex in Japan and the ultimate one on this listing, it's far one of the exchanges in Japan which has been given the right to facilitate trading of digital currencies. Especially cozy and reliable, Xtheta is an smooth to use net platform with low fees.

Disclaimer: Coinnounce's perspectives are not necessarily reflected in the articles published, and they're the sole representation of the writer's critiques. Article's facts must not be taken as funding recommendation. Dangers are concerned in cryptocurrency investments and buying and selling. Readers are entreated to perform big studies before making a decision.

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imperialmoney01 · 2 years

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Imperial Money Offers the Simple, Free, and Most Convenient Way of Investing In Mutual Funds

It’s all just on fingertips, No paperwork, No hassles, Invest in the best mutual funds using Imperial Money. All Indian mutual funds are available in one single app. In Imperial money, you can start SIP, lump-sum investment for free. Switching of the funds from one fund to another fund and Systematic withdrawal plan or funds from liquid to equity or equity to liquid while re-balancing the portfolio you can just do it here anytime anywhere you are.

Investing becomes easy with your fingertips

· Get Sign up in minutes,

· One time KYC process within the app

· Buy, Sell, Shift mutual funds within the fund family.

· Buying a Systematic investment plan or doing the STP or SWP is just simple and easy.

Invest in all mutual funds online for free

· You do not require paying any additional cost for buying funds from Imperial money!!

· Most researched Mutual funds baskets are available.

· Sell anytime – Money comes to your bank account directly

· Learn to invest in mutual funds with as low as Amount of Rs.500/- concerning your objective and planning of life the portfolio are the builder for giving one the states of art experience

Mutual Fund Investing for You:-

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· Financial planning you can do it here itself Invest in the researched and ready-made basket of mutual funds recommended by experts with years together experience bringing for you.

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Steps After Imperial Money App Install:

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Need of KYC for mutual funds as per the process of the Government of India for making a Tax saving funds (ELSS mutual funds):

Invest in tax-saving mutual funds to get tax exemption under section 80c. The total exempt limit is 1.5 Lakhs. Invest in equity mutual funds – small-cap, large-cap, mid-cap, multi-cap – for the long term and higher returns. Check out SIP Calculator to know how many returns you can make.

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IMPERIAL MONEY is secure and does not store any information on your device or SIM card. Download and stay connected to your Mutual Fund investments always. Imperial Money uses NSE (National Stock Exchange) for transactions. We support all RTAs – CAMS, Karvy, and Franklin.

Following AMC’s are supported on IMPERIAL MONEY Mutual Fund App:

SBI Mutual Fund, NIPPON Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Franklin Templeton Mutual Fund DSP Mutual Fund, Kotak Mutual Fund, Mirae Asset Mutual Fund, Axis Mutual Fund Motilal Oswal Mutual Fund, L&T Mutual Fund, IDFC Mutual Fund, INVESCO Mutual Fund UTI Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, ITI MUTUAL FUND, BNP PARIBAS MUTUAL FUNDS, EDELWEISS MUTUAL FUND, HSBC MUTUAL FUND MAHINDRA MUTUAL FUND, PGIM MUTUAL FUND, PRINCIPLE MUTUAL FUND UNION MUTUAL FUND

IMPERIAL MONEY – KEY FEATURES

Access your investments across multiple Mutual Funds through a Single Gateway; No more managing multiple PINs, Folios numbers, log in ids,

Mobile PIN & Pattern login– Simplified your Imperial Money App login process now. Just pick your preferred login methods – Mobile PIN, Pattern or Password right away

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#mutualfunds #investment #mutualfundadvisorinnagpur

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basanseo · 2 years

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5 Mistakes which can end your trading career in share market and best trading website india

Making mistakes is an inevitable part of the learning process. When it comes to trading or investing, making mistakes is a necessary part. Investing is a term that is used to describe something that is done for a longer length of time. Traders purchase and sell futures, options, and shares for short periods of time, which can range from one minute to two months. Traders always see best trading website india

TYPES OF TRADING -

1. Scalping is a trading method that focuses on benefitting from small price movements and reselling for a quick profit. Scalping is a phrase used in day trading to describe a technique that focuses on generating large volumes from tiny profits.

2. Day trading is a type of securities speculation in which a trader buys and sells a financial instrument on the same trading day, closing all positions before the market closes for the day to prevent unmanageable risks and negative price gaps between one day's close and the following day's open price.

3. Momentum investing is a trading method in which investors purchase rising stocks and sell them when they appear to have reached their top. The idea is to work with volatility by looking for purchasing opportunities in short-term uptrends and selling when the stocks lose their momentum.

4. Swing Trading is a trading method that focuses on taking smaller gains in short-term trends and eliminating losses faster. The benefits may be modest, but when compounded over time, they can add up to significant annual returns. Swing Trading positions are often held for a few days to a few weeks, but they can be held for longer periods of time.

5. Position trading is a long-term trading method that allows traders to purchase an asset and hold it for a longer period of time. It stays in trades for weeks to months. Common trading mistakes that can end your trading career -

Mistake 1 – Trading is a Get Quick Rich Scheme.

Many people feel that trading is a get-rich-quick gimmick. Consider this: if it were, everyone who traded would be a millionaire by now. Trading is a talent that must be learned through time. This is a field where skilled traders may and do make money. Success, like any other profession or job, does not happen overnight. As a result, trading without the necessary information, skills, experience, and practise leads to losses.

Mistake 2 – Not having a Trading Plan

Day trading is difficult to benefit from, and while every day trader feels they can make money, the majority of people who try it lose money due to bad money management principles, a lack of discipline, poor risk management, and emotions.

A well-defined plan is used by experienced traders when they enter a deal. They know exactly where they want to enter and leave the trade, how much money they want to invest, and how much risk they're willing to accept.

Beginners lose money because they don't have a trading plan, and not using stop-loss orders is a big sign that you don't have one.

Mistake 3 – Poor Money management skills

Money management appears to be easy, but it encompasses a wide range of issues. Money management encompasses a variety of tasks.

- Know how much you're willing to risk on each trade.

- Always utilise a stop-loss order.

- Before you enter any trade, think about the risk/reward ratio.

- Make good use of broker leverage.

- Fear and Greed Management

- Keep a trading journal and keep track of the lessons you've learned and the mistakes you've made with each trade.

Following the above-mentioned money management abilities will result in increasing losses and the termination of your trading career.

Mistake 4 – Never gamble on events

Gambling on events is not always a good idea.

Budget 2020 created lots of expectations around the country. However, the event didn't go as expected and had adverse effect on the market. SBI Life insurance crashed 10% in minutes just because it was expected that the limit of deduction u/s.80C will be increased and insurance companies will benefit from it.

Mistake -5 Tip based trading

Tip-based trading is becoming increasingly popular these days. There are several share markets tips channels on Telegram, and many newbies who want to get into the stock market follow these suggestions. There might be a few good counsellors as well. Following free advice from experts without using your thinking and placing total trust in some advisors, on the other hand, can simply deplete your capital over time. Because there is a widespread notion that these advices come from someone with more experience than us, when we follow them. Furthermore, late or no responses from advisors can result in significant losses.

Conclusion:

We must recognise our mistakes and learn from them; else, we will quickly lose money. It is claimed that it is worthwhile to make a mistake if you learn from it.

#best trading website india #free trading account

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swedna · 4 years

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Shares of SBI Cards & Payment Services (SBI Cards) listed at Rs 661, 12.45 per cent below its issue price of Rs 755 on the National Stock Exchange (NSE) on Monday. On the BSE, it opened at Rs 658, 13 per cent lower against issue price.

However, at 10:09 am, the stock was trading at Rs 751, after hitting a high of Rs 754 on the BSE. A combined around 26 million shares have changed hands on the counter on both the exchanges so far.

The stock saw a weak debut due to prevailing market condition as the uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check. The benchmark indices Nifty50 and S&P BSE Sensex have declined 16.6 per cent since the SBI Card initial public offer (IPO) opened for subscription on March 2, 2020. The indices have tanked nearly 21 per cent, since the credit card arm of the State Bank of India (SBI) filed Draft Red Herring Prospectus (DRHP) for its IPO with Sebi on February 26.

Almost all brokerages were positive on the initial public offer (IPO) and some had predicted up to 60 per cent upside from the IPO price range of Rs 750-755, given its dominant position in the credit card market and strong parentage, SBI Cards is well placed to benefit from the rising trend of digital payments and e-commerce.

SBI Card’s IPO had managed to attract bids worth Rs 2 trillion, in spite of challenging market conditions. The 100-million share offering generated close to 2.7 billion bids (26 times). The qualified institutional buyers (QIBs) portion of the IPO was subscribed 57 times, followed by high networth individual (HNI) (44 times) and shareholders (25.4 times). The employee segment registered 4.7 times subscription, while the retail portion being subscribed 2.5 times.

SBI Cards is the second largest credit card issuer in India, with 18.1 per cent market share in terms of the number of credit cards outstanding as of November 30, 2019. SBI Cards offers various types of credit cards considering the need of retail clients (viz. Lifestyle Cards, Rewards, Shopping, Travel and Fuel). It also offers corporate cards and is the largest co-brand credit card issuer in India. It also issue card in partnership with smaller or regional banks.

“SBI Cards offers investment opportunity in a unique business model with strong profitability. Sustainability of higher business growth and strong return ratios justifies premium valuation for the business,” ICICI Securities said in an IPO note.

Although the valuations are a bit on the higher side, we are positive on the future outlook of the company given favorable industry scenario, large untapped SBI Bank customers and strong financial track record, Angel Broking said.

According to Emkay Global Financial Services, the Indian credit card industry remains significantly underpenetrated (4 cards/100 people vs. >30 cards/100 people in developed economies) and the brokerage firm believe that SBI Cards, being the second-largest pure-play credit card player with a strong parental lineage (SBI), is well-positioned to maintain strong growth trajectory and sustainably superior return ratios, thereby commanding premium valuations.

What should investors do now? Most analysts say that investors who have a long-term investment horizon should stay put. "Normally, if an issue fails on listing, it takes, at least, 6 months to 1 year to stabilise. Hence, if one has 3-5 years of investment horizon, holding the stock will be a wise decision, but those investors who were looking for listing gains should sell the stock," suggests AK Prabhakar, head of research at IDBI Capital. Siddhartha Khemka, Head of retail research at Motilal Oswal Financial Services (MOFSL), too, believes that long-term investors shouldn't be worried about the tepid listing of the stock. The market conditions, Khemka says, has changed completely since the issue was launched. So, at a time when bluest of the blue chip companies and solid businesses have corrected up to 40 per cent, how can SBI Cards won't get affected. "Investors who didn't get the allotment should utilise this opportunity to start accumulating the shares but they should not put their entire money at one go. "Buy on dips" strategy is the best approach to follow," Khemka advises.

#SBI

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jimmiejcrochet · 4 years

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Buy Blue Chips–You will never Lose Money–10 Blue Chips with zero return for a decade.

When I entered the market in 2004-2007 heard following things

Pharma is a defensive sector will not give a lot of returns.

FMCG are slow moving stocks best meant for retired investors who own from 1970-1990.

Real Estate Stocks have lot of hidden Land Value , India needs Infrastructure so look at Infra and Cap Goods– Why buy Paints, Home Building Materials etc.

Buy Blue Chip Large Companies – Reliance, Telco, Tisco, ONGC, BHEL , L&T , SBIN etc

Pharma, FMCG did not do well in the rally of 2005-2007. Real Estate, Infra, Cap goods were multi-baggers. In the Bear Market or low Economic Growth Phase of 2009-2013 – Pharma, FMCG did really well. Seeing a similar clean move in a lot of Large Quality Companies. Its become a Consensus – Buy Quality Companies – You will Never Lose Money. High ROCE , High ROIC, Sustainable Cash Flows and etc. ( Back in 2007 flavor was High ROE , SOTP )

Everyone has forgotten the old Blue Chips some of them were even considered top Quality Companies a decade back.

Nobody knows what will be the fate of Quality companies 5-10 years out. Lot of them quote at 8-10x Sales and 50-100 times PE. A joke is people will be using Paints to paint the floor and windows also soon.

The last such big Consensus was Large Blue Chips in Infra , Oil and Gas, Capital Goods,Telecom etc in 2007, Pharma in 2015, Smallcaps in 2017. Next few years did not end well. Will some of the Quality Companies go through same fate by 2022-2025 ?

Lets look at Some of the Blue Chip Companies which are now at almost zero return even after 8-14 years.

Nifty has doubled from 6000 in 2008 to 12000 but a lot of companies which were part of Nifty then are still lower than 2008.

Can they be interesting again or its End of the World. Like for example Reliance did nothing for 10 years but post that a 3x in 2 years.

Not considering dividends.

1) Bharti Airtel

Still below 2008 highs. 3rd largest weight in Nifty in 2008. 12 years of zero return.

But now it looks pretty interesting for a long term breakout.

2) GAIL India

10% higher than 2008 highs.

3) Grasim

Came back to 2008 highs after a good rally in 2017. Looks bottomed out at 650-700. Could this be the turning point for a long term entry.

4) Hero MotoCorp

HERO MOTOCORP --- Back to major support. Highs of 2011-2014 and bottoms of 2015-2018. Stoploss of 2200. Trend reversal if crosses 2500-2550

Trend Reversal if crosses 2500-2550. If you believe in this blue chip a stoploss at 2200.

5) Indian Oil Corporation

Back to the highs of 2006/2008 and also of 2010/2015/2016 and bottoms of 2018-2020. A contra bet or end of the world. Stoploss better be kept at 90 if you believe in it.

6) ITC Limited

The Quality favorite of last bear market. Went 4x from lows of 2009. Was 3x the highs of 2008 in 2011. Largest weight in the Nifty in 2012-2013.

Back to the lows of 2012-2016. Without considering dividends its almost zero return now for 6-8 years now

Contra Bet or end of the world?

7) Larsen & Toubro

30-50 bagger in 2003-2007 and now just 30% in the next 12 years !!

8) NTPC Limited

4th largest weight in Nifty in 2008.

Down 50% from the highs of 2007.

Not far from the lows made in 2006-2016.

A good contra bet with div yield ?

9) ONGC

Down 50% from highs of 2007-2008 and 60% from highs of 2014

ONGC - Back to the lows of 2006/2008

End of the World or a Contra Bet ? . Stoploss at 90.

10) SBIN

SBI - 10-20% higher than 2008 highs but struggling at highs of 2010-2018. Can 2020-2022 be the rally of SBI ?

The reason to look at some of the larger names is what if someone does a move like Reliance Inds. Even BPCL was at zero return from 2003-2014 and then 5x. Hindustan Unilever 10-12 years zero return and then 8x in next 8 years.

Reliance Inds

In 2016-2017 was similarly placed like some of the blue chips now. Then a 3x in next 2-3 years.

Conclusion -

Maybe 5-10 years down the line a lot of Quality Companies will end up giving zero to low single digit returns over a decade. Just like in 2006-2010 everyone thought over 10 years Blue Chips will make money !!

Some of the last 10 year terrible names could surprise in next 5 years. If you have some such ideas mail to [email protected] ( will cover on the blog.)

Personally find Bharti Airtel, SBIN , Grasim very interesting and maybe a smaller trade on PSUs like IOC , NTPC, Gail India and Hero MotoCorp.

Please do your own research and risk management.

DISCLOSURE Nooresh Merani

Securities covered above: All mentioned in the above post

SEBI Registration disclosure - Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

Buy Blue Chips–You will never Lose Money–10 Blue Chips with zero return for a decade. published first on your-t1-blog-url

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ripplesad-blog · 5 years

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Local equity benchmarks are trading in green in the morning session, with Sensex and Nifty garnering gains of over quarter a percent. Barring FMCG and Power stocks, there was buying across all sectoral indices. Buoyant Mid-caps and Small-caps also elevated over half a percent gains on their respective front line stocks. Traders took some support with a report that Reserve Bank of India’s (RBI) decision to lower benchmark interest rate will boost investment and buttress consumer spending amid ‘growth concerns’, provided banks transmit the reduction. Some optimism also came with Finance minister Arun Jaitley’s statement that the NDA will stick to fiscal discipline and trim tax rates if re-elected. He asserted that the GST Council will next look at lowering the rate on cement from the highest slab of 28%. Meanwhile, Finance Secretary Subhash Chandra Garg stated that the government is close to meeting the fiscal deficit target of 3.4% for 2018-19. The government in the interim Budget in February revised upward the fiscal deficit target to 3.4% from 3.3% of GDP estimated earlier for the financial year ended March 31.

On the global front, Asian market was trading mostly in green, as investors watched for more details about a potential trade deal between China and the US. Back home, RBI has provided an additional 2% liquidity window within the mandatory statutory liquidity ratio (SLR) requirement to the lenders by tweaking liquidity coverage ratio (LCR) norms.

The BSE Sensex is currently trading at 38792.25, up by 107.53 points or 0.28% after trading in a range of 38763.12 and 38908.95. There were 18 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid-cap index gained 0.47%, while the Small-cap index was up by 0.57%.

The top gaining sectoral indices on the BSE were Realty up by 1.32%, Capital Goods up by 1.00%, IT up by 0.85%, Telecom up by 0.79% and TECK was up by 0.79%, while FMCG down by 0.38% and Power was down by 0.03% were the only losing indices on BSE.

The top gainers on the Sensex were Yes Bank up by 1.81%, Larsen & Toubro up by 1.54%, Infosys up by 1.18%, Bajaj Finance up by 1.12% and IndusInd Bank was up by 0.99%. On the flip side, Tata Motors down by 1.09%, Hindustan Unilever down by 0.87%, SBI down by 0.81%, Asian Paints down by 0.66% and Power Grid down by 0.58% were the top losers.

Meanwhile, the Central Board of Direct Taxes (CBDT) has said that it added 1.07 crore new taxpayers in the financial year 2018 (FY18) as compared to 86.16 lakh new ITR filers added during the financial year 2017 (FY17), showing the positive impact of demonetization. CBDT stated that demonetization had a phenomenally positive impact on the widening of tax base and direct tax collections.

It further stated that dropped filers, which is defined as a person who was earlier in the filer base but has not filed the return in any of the last three financial years, declined in FY18 to 25.22 lakh from 28.34 lakh in FY17. Moreover, CBDT mentioned that 6.87 crore Income Tax Returns (ITRs) were filed during FY18 as compared to 5.48 crore ITRs filed during FY17, translating into a growth of 25%.

Besides, CBDT stated that the net direct tax collections for FY18 amounted to Rs 10.03 lakh crore, which is 18% higher than the collections for FY17. The growth rate of 18% for FY18 is the highest in the last seven financial years. A substantial part of this growth is attributed to the impact of demonetization. The government had in November 2016 demonetized high-value currency notes of 500 and 1000 denominations to crack down on black money.

The CNX Nifty is currently trading at 11635.70, up by 37.70 points or 0.33% after trading in a range of 11626.40 and 11666.40. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Cipla up by 2.45%, Indiabulls Housing Finance up by 1.85%, Yes Bank up by 1.77%, Indian Oil Corporation up by 1.68% and Ultratech Cement was up by 1.63%. On the flip side, Britannia Industries down by 1.34%, Tata Motors down by 1.19%, SBI down by 0.95%, Zee Entertainment down by 0.93% and Dr. Reddy’s Lab was down by 0.79% were the top losers.

Asian market was trading mostly in green; Nikkei 225 surged 69.13 points or 0.32% to 21,794.08, Straits Times advanced 6.03 points or 0.18% to 3,322.24, KOSPI rose 0.85 points or 0.04% to 2,207.38 and Jakarta Composite was down by 3.21 points or -0.05% to 6,491.42.

For New business plans related new Ideas we provide best Indian Stock Market Tips, visit now- Ripples Advisory Pvt. Ltd. Watch Now our best Stock Cash Service.

#Ripples Advisory #Stock Cash Tips #Stock Tips #Stock Cash

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itsways2capital · 6 years

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Nifty Above 10,500 Mark; BPCL, SBI Stock Decline

Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 12 February 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 12…

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#Nifty Tips #NIFTY WEEKLY TREND #NSE Tips #Ways2Capital #WAYS2CAPITAL REVIEWS #WAYS2CASTOCK FUTURE

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radhikaschauhan · 3 years

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Why Shouldnt We Save A Huge Amount In Savings Bank Account?

We don’t know what situation will come at what time so, it is good to save money. But saving a lot is also too dangerous when we consider some of the facts. Why bank employees remind you about the savings in your account? Have you ever excited to get an answer to this? And many times it is said Why Shouldn’t We Save A Huge Amount In Savings Bank? !! Don’t worry in this article you will get an answer to this question. So don’t wait and let’s dig our research!

Why Shouldn’t We Save A Huge Amount In Savings Bank?

Following are the reasons for why would we not keep too much money in the saving bank account

Generally, every person wishes to save a huge amount for his/her future expenses and also for medical expenses. So make sure that you save money for that could cover your expenses for over 6 or 7 months. Saving more than this limit will become a problem. To say more precisely, you may end up with some loss. There are two main reasons why you end-up with loss. One is the psychological behaviour of a human while other is because of less interest rate claim on your savings. Let’s check them in detail.

1. Psychological Behaviour:

You may think that this reason is very silly, but this is the actual reason why most of the people end up with less money. For example, you will get your salary every first week of the month, but why you will end-up with less amount at the end of the month? There are many reasons why you get into that situation. Let us discuss them;

After receiving your money you cover all your bills like electricity bill, phone bill, gas bill, etc. You have to pay your monthly EMIs (if any). As our today’s world consists of multiple options and lot more entertainments, with the remaining money brain starts to manipulate us to upgrade the things around us, to buy accessories in the online portal with discounts, to crave for our favourite food, Opting to give good and fancier gifts for marriage functions becomes our choice and finally vacation trips if possible.

So, these all are the reasons why you end up with less money at the end of the month. This reason not only works for monthly salaries but also for a large amount of savings. If you save more money than required then this behaviour hooks up and at last this psychological behaviour wins the battle.

But this reason is only for some people who can’t resist themselves from buying. But the other reason is a very practical one and it is better to not neglect the second reason.

2. Interest Rates On Savings Account:

The interest rate on a savings account is fixed by the Ministry of Finance, the minimum interest rate is 3.5% per annum and it’s a part of RBI circular.

The upper limit of the interest rate is arbitrarily decided by each bank.

State Bank of India (SBI) Account establishes an average interest rate of 3.5% for savings accounts with a minimum balance of 1 lakh and an average rate of 2.75% for all accounts with a balance of less than 1 lakh.

Do you think saving in Fixed Deposits gives you the good profit you can get?

The answer is No, because if you have interested the same amount in mutual funds or fixed deposits then you might have ended with more profit. It is true that business fluctuates every minute but know that things take time and start to invest at least when you have saved the necessary amount for 6 to 7 months. Over a particular period, you will get good results when compared to results from a savings account. To understand this better let us take an example.

Let Us See An Example:

A person named ‘X’ is depositing a principal amount of 50,00,000 in his account and after 4 years his interest amount is 7,00,000(with a 3.4% interest rate per annum). Do you think he has got a good profit? The answer is “No”, with an inflation rate of 8% he has got a negative profit. If he had invested in mutual funds or any other investment options, he would earn a profit rate of approximately 15,00,000(which is double of the obtained interest amount). When the waiting period is more than 30 years then you can see a very good difference in between saving the money and investing the money.

Why there is a lot of difference between saving and investing in stocks? What factors change the interest rate in a savings account? Let’s check them.

Factor Reducing The Saving Account Interest Rates:

Inflation:

Inflation refers to the rate at which the price level of goods and services increases over a while. The period for inflation depends on the surplus or demand of the goods in the market. When a product has less consumption than the previous time, the price of that product decreases, and if the product has more demand the price rises.

The inflation is with an average rate of 7-8% while the interest from a savings account is 3.5% on average. This shows that you will get negative returns. Also as many think that it is better to save money instead of investing them in stocks, banks provide fewer interest rates on your savings. So that bank will never go in debts.

So, we have seen what interest rate we can claim while saving in a savings account, and do you think it is better to save rather than investing? No, right! It’s okay if you have saved the minimum amount that covers your expenses for 6 to 7 months as I have already said. But it’s not quite suggestable to save more in the account. So, let’s check for an alternate solution.

A Solution To Balance Funds:

You can save the excess money apart from your monthly expenses in a short-term mutual fund (that has around 8% interest) and has better taxation than FD (Fixed Deposit).

Invest your money in stocks which could roughly give an annual interest of 7%, but note this long-term investment requires no manual intervention for a specified period so save your emergency fund in a savings bank account and invest only the excess amount in stocks.

The period between a savings account and FD (or other long-term investment options) is wide and so is the interest rate.

Make sure that you use liquid cash instead of too many online transactions.

Maintain savings which cover expenses up to 7 months.

Make the wise decision of investing a part of your income in any long-term investment option to never miss the profit.

Rule Of Pandemic Covid-19 Over 2020:

Yes, this pandemic situation has created poverty, unemployment, destruction of lives, loss of wealth, etc., people are looking for various means to the sail through this tough time.

According to a survey, 32.2% people have invested in personal savings account between February to June 2020, which is 16% more than the previous year, but this might not be a very good idea to yield a profit, because owing to the inflation even banking sectors are struggling to give high-interest rate accounts.

The price level of bitcoins, golds shows this current inflation is considered to be the highest in the past 9 years (since 2011).

What Is The Best Option To Invest Money Now?

i. Try investing a part in stocks, mutual funds to earn more profit.

ii. Try investing a part in a savings account for secure and steady income.

But apart from loss while saving huge money in the bank what benefits can we avail from them? Let’s check them.

Benefits Of Savings Account:

1. Security Blanket:

A Savings Account is found to be a safe approach for funds. The funds in the account remain in there until it’s withdrawn, often this is regarded as the reason why the savings account has a low-interest rate. The amount present in the account is considered to be liquid, the term is used to refer the liberty of the account holders to withdraw an amount up to a minimum required balance anytime anywhere.

2. Make Hay While The Sun Shines:

Being a savings account holder allows you to enjoy discounts, reward points on purchase using the ATM card of either credit or debit card. Medical insurance, foreign travel insurance, and other insurances for opening the account are provided. Also, passbooks, net banking, and cheque book facility are a bonus to the account holders.

3. Close Fisted Or Generous:

The account is suitable for close-fisted people who choose to save money instead of spending and also generous people who wish to spend more money. There are no restrictions on cheques deposited or issued or any other payments made.

Difference Between Savings Account And Current Account:

Basically, both are similar to each other. In a savings account, you will save the money to fund you in later times or during emergency conditions, whereas in a current/ checking account the funds which you save are primarily used for daily expenses or it is preferred by people who require the frequent withdrawal of funds.

A savings account does not encourage more than 6 withdrawals a month, but the checking account does encourage. The Savings account has more rate of interest (minimum of 3.5%) then checking account (minimum of 0.25%).

The main reason for us to discuss between a savings and a current account is that most often people use a checking account as savings account just to facilitate their easy access and frequent withdrawals. But there is a high risk, if a bank collapses, it promises its customers to settle back their amount fully but in the worst conditions at least a protected amount specified by the bank is settled to the savings account holders but in a current account you cannot specify or expect so.

Tip: Never Give Culprit An Opportunity!

Our very small flaw/ignorance could make us repent for years, yes, heaping or saving all the hard-earned money in a single place could provide high chances for victimizers to easily loot the money. Getting track of an individual’s account details is not as tough as Rocket sciences, so distributing our funds across different trustworthy banking and financial sectors could give a ray of hope and a good backup even if situations turn out to be bad.

Frequently Asked Questions (FAQs):

1. What is the maximum amount to save in a savings account?

There is no maximum amount restriction but when you deposit or withdraw an amount more than 10 lakhs, you should fill a form to process the request.

2. What is the tax imposed on a Savings account?

Under “Income from Sources”, a savings account is supposed with a minimum of 4% tax and increase in the tax rate is added on bases of the individual’s income sources, and balance amount in the account.

3. What is the tax imposed on mutual funds?

If the return from the mutual fund is more than 1 lakh per annum then it’s subjectable to 10% of the returns as tax. Else no tax is imposed.

4. What does Bitcoin mean?

Bitcoin is a computer file it is generally stored in a digital wallet app on either smartphone or PC.

People can share bitcoins to others. The transactions made are recorded in the block chain, it’s a public list. It prevents the misuse of bitcoins. It is valuable as goods and services are provided in exchange for bitcoins.

Bottom Line:

Thus, I conclude by saying instead of saving a hefty amount in savings account invest funds in mutual funds or long-term investment options which could give considerable profit, and provide an opportunity to become a big buck.

Via http://invested.in/why-shouldnt-we-save-huge-amount-in-savings-bank-account/

source https://investedin.weebly.com/blog/why-shouldnt-we-save-a-huge-amount-in-savings-bank-account

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investedin · 3 years

Text

Why Shouldn’t We Save A Huge Amount In Savings Bank Account?

Why Shouldn’t We Save A Huge Amount In Savings Bank?

Following are the reasons for why would we not keep too much money in the saving bank account

1. Psychological Behaviour:

But this reason is only for some people who can’t resist themselves from buying. But the other reason is a very practical one and it is better to not neglect the second reason.

2. Interest Rates On Savings Account:

The interest rate on a savings account is fixed by the Ministry of Finance, the minimum interest rate is 3.5% per annum and it’s a part of RBI circular.

The upper limit of the interest rate is arbitrarily decided by each bank.

Do you think saving in Fixed Deposits gives you the good profit you can get?

Let Us See An Example:

Why there is a lot of difference between saving and investing in stocks? What factors change the interest rate in a savings account? Let’s check them.

Factor Reducing The Saving Account Interest Rates:

Inflation:

A Solution To Balance Funds:

You can save the excess money apart from your monthly expenses in a short-term mutual fund (that has around 8% interest) and has better taxation than FD (Fixed Deposit).

The period between a savings account and FD (or other long-term investment options) is wide and so is the interest rate.

Make sure that you use liquid cash instead of too many online transactions.

Maintain savings which cover expenses up to 7 months.

Make the wise decision of investing a part of your income in any long-term investment option to never miss the profit.

Rule Of Pandemic Covid-19 Over 2020:

Yes, this pandemic situation has created poverty, unemployment, destruction of lives, loss of wealth, etc., people are looking for various means to the sail through this tough time.

The price level of bitcoins, golds shows this current inflation is considered to be the highest in the past 9 years (since 2011).

What Is The Best Option To Invest Money Now?

i. Try investing a part in stocks, mutual funds to earn more profit.

ii. Try investing a part in a savings account for secure and steady income.

But apart from loss while saving huge money in the bank what benefits can we avail from them? Let’s check them.

Benefits Of Savings Account:

1. Security Blanket:

2. Make Hay While The Sun Shines:

3. Close Fisted Or Generous:

Difference Between Savings Account And Current Account:

Tip: Never Give Culprit An Opportunity!

Frequently Asked Questions (FAQs):

1. What is the maximum amount to save in a savings account?

There is no maximum amount restriction but when you deposit or withdraw an amount more than 10 lakhs, you should fill a form to process the request.

2. What is the tax imposed on a Savings account?

3. What is the tax imposed on mutual funds?

If the return from the mutual fund is more than 1 lakh per annum then it’s subjectable to 10% of the returns as tax. Else no tax is imposed.

4. What does Bitcoin mean?

Bitcoin is a computer file it is generally stored in a digital wallet app on either smartphone or PC.

Bottom Line:

source http://invested.in/why-shouldnt-we-save-huge-amount-in-savings-bank-account/

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phaseinked · 7 years

Text

Liked on YouTube: Gold Coin Investment In Sbi

Gold Coin Investment In Sbi Gold Coin Investment In Sbi Click the link to find out more https://goo.gl/29irzJ

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You invest in precious metals almost the same way that you would invest into another kind of stock. In case you are interested in finding out about how you can buy gold to benefit from price upswings, but don’t know which method is best for you, click the link above.

Bullion maintains a particular status in the market which has many tax allowances. As soon as you’ve decided to invest into precious metals, you will need to find a good broker.

Gold does not have earnings and, in fact, if you want to own physical bullion there is potentially a cost to hold and insure it. Learn if you are able to invest in gold with IRA today and look forward to a more secure tomorrow. Physical bullion will survive any Presidental blunders.

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#Uncategorized #IFTTT #YouTube

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swedna · 5 years

Link

A news website on Tuesday claimed that primary promoters of DHFL, a housing finance institution, siphoned off over Rs 31,000 crore of public money through loans and advances to shell companies and other means to create private wealth for themselves.

Calling it the "biggest banking scam in Indian history", the Cobrapost website, known for journalistic sting operations, alleged that Dewan Housing Finance Corp Ltd's (DHFL) promoters routed money through dubious companies and parked it outside India to acquire assets.

The probe alleged that the company under-reported Rs 20 crore donation to the Bharatiya Janata Party (BJP).

"The scam has been pulled off mainly by sanctioning and disbursing astronomical amounts in secured and unsecured loans to dubious shell/pass-through companies related to DHFL's own primary stakeholders Kapil Wadhawan, Aruna Wadhawan and Dheeraj Wadhawan through their proxies and associates, which have in turn passed the money on to companies controlled by the Wadhawans," Cobrapost editor Aniruddha Bahal told a press conference here.

In a panel discussion that followed the press conference, former Finance Minister Yashwant Sinha demanded a multi-disciplinary SIT probe into the alleged scam. He said if even after all this a probe was not ordered, then it would prove that people at the top were "party to it".

Recollecting that Prime Minister Narendra Modi used to say that neither would he indulge in corruption nor would allow anyone else to do so, Sinha said first it was IL&FS where Rs 95,000 crore "will not come back" and now it was DHFL where Rs 31,000 will not be recovered.

Alleging complicity of regulatory institutions like RBI, SEBI, Company Law Board, credit rating agencies and the Income Tax department, activist lawyer Prashant Bhushan said a "nexus of holy cows" had been created in the financial system.

Bahal alleged that the money had been used to buy shares and other private assets in India and abroad, including in countries like the UK, Dubai, Sri Lanka and Mauritius.

"By lending to shell or pass-through companies without due diligence, DHFL has ensured that the recovery of such dubious loans is impossible since the companies or their directors themselves don't own any assets," he said, adding the private assets acquired by Wadhawans and their associates using the siphoned off funds were completely "ring-fenced" from any recovery process.

Bahal said the scam was exposed by closely scrutinizing public records available with the government authorities and information available in public domain.

He said that with net worth of Rs 8,795 crore, DHFL had taken loans from banks and financial institutions to the tune of Rs 96,880 crore and had disbursed Rs 84,982 crore in loans and advances to other entities.

"Thus the only losers in the process would be the public sector banks, such as the SBI and Bank of Baroda, with an exposure of over Rs 11,000 crore and Rs 4,000 crore respectively, foreign banks and shareholders from among the public or investors of DHFL," he said.

He said there had been serious violations of several civil and criminal laws and regulations and a massive deviation both from the industry practice on the lending policy and from good corporate governance norms of the company.

"Surprisingly, all these violations have taken place right under the nose of the RBI, SEBI, Finance Ministry, auditing agencies, Income Tax Department and the rating agencies."

"It is a clear case of complete connivance amongst public and private figures," he said.

In its investigation, Cobrapost identified 45 companies allegedly used by Wadhawans as vehicles to siphon off funds from DHFL which were given loans in excess of Rs 14,282 crore.

"Out of these, 34 companies are so dubious that most of them have no business of income. More often than not, they are audited by the same accounting agencies, helping them hide all the fraudulent transactions," Bahal said, adding that many of those companies operate from same addresses and are run by the same group of initial directors.

"Given the debt of exposure of the company to the tune of Rs 96,880 crore, what Cobrapost has unearthed may just be the tip of the iceberg. The true scale of the scam can be arrived at only after investigative agencies conduct a thorough forensic audit of the money trail," he said. DHFL's statement: DHFL is a publicly listed Housing Finance Company and is regulated by the National Housing Bank and the Securities and Exchange Board of India, amongst other regulators. This mischievous misadventure by CobraPost appears to have been done with a mala fide intent to cause damage to the goodwill and reputation of DHFL and resulting in erosion in shareholder value. DHFL today received an email at 8.44 a.m. in the morning, with a follow-up reminder one hour later, seeking answers to 64 questions from Cobra Post, many of which were laced with political innuendos. We are shocked and surprised to receive this inquiry this morning, although Cobra Post had announced its press conference last Friday, i.e. 25 January 2019, to disclose an alleged financial scam. One would have expected as a responsible media house CobraPost would have asked these questions during their investigations and not on the day of the press conference. Their entire approach raises serious concerns about the motivation of this so-called expose. It is necessary in public interest that if they believed in the genuineness of their issues to have given DHFL an opportunity to explain the facts that are in any case available in the public domain. DHFL is one of the leading and most respected housing finance companies in India with over Rs.1,11,000 crores of assets under management and a large customer based across the country. Despite the recent liquidity regime, DHFL as a responsible corporate has met all its obligations to the lenders and has paid back to them in excess of Rs.17,000 crores in the last three months. DHFL has a strong corporate governance regime and has received AAA credit rating from leading credit agencies. The company is fully tax compliant and its books are audited by global auditors. We understand, for the last several weeks, an anonymous note has been making the rounds with similar defamatory and scurrilous allegations. The real intent of this exercise appears to be to destabilize the company and the market equilibrium besides hampering our meeting the on-going obligations. We are also concerned about the timing and the holding of the press conference before the stock market close and days before the interim budget. DHFL is a responsible and law-abiding corporate citizen and all loans are disbursed in the normal course of business in accordance with industry best practices and in compliance with all regulatory norms. The company’s financial statements are submitted to the Stock Exchanges and are in the public domain. DHFL and its group companies are confident of meeting any scrutiny on any aspect of our operations and will pursue these frivolous allegations to its logical conclusion.

#DHFL

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