SBI Card IPO – Date, Price Band and Other Details
Country’s largest lender State Bank of India is coming up with the IPO of SBI Cards opening on 2nd March, 2020. The company has fixed the price band of Rs 750-755 per share for its IPO with the face value of Rs 10 to be listed on NSE and BSE. Out of the total issue of...
Typical Tax Saving Avenues that you must know
I have actually seen people frowning while paying taxes. I still remember a businessman who approached me many years ago and said “I don’t want to pay tax, please draft my financial statements accordingly.” He also wanted all the bills to be arranged to support his windrow dressed financial statements. There is also a large...
ITI FPO – Date, Price Band, Details & Reviews
ITI is coming up with an FPO opening on 24th of January, 2020. The company has fixed a price band of Rs 72-77 a share for its FPO which is approx. 20% discount from the closing price of its share at NSE on 23rd of January, 2020. The FPO will be closed on 28th of...
How to Link Aadhaar to Mutual Funds folios online
The introduction of linking Aadhaar has been made mandatory by the government of India for all kinds of monetary transactions. Even so, it has been made mandatory to link Aadhaar to the Mutual funds folios and other Demat accounts as well. Mutual funds have become a preferred choice for small investors who aim to get...
Fixed Deposit – Simplified
Our Indian masses love to keep their surplus funds in fixed deposit for a very simple reason – it offers security as well as fixed return. A Tax Saving Fixed Deposit has an additional benefit, it aids in saving your income tax as well. There are several ways of investments through which you can save...
Infrastructure Bond – Simplified
Bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity. A bond is a formal contract to repay borrowed money with interest at fixed...
Sovereign Gold Bond – Simplified
Gold Bonds are securities issued by the government whose value is expressed in denominations of gold in grams. These are replacements for the impression of holding physical gold. These securities are generated by the Reserve bank of India on behalf of the government of India to be made available to the people from various financial...
Fixed Maturity Plan (FMP) – Simplified
Fixed maturity plan is an immensely popular plan among the investors who invests a lot in the market to increase their wealth. The reason behind this is that a fixed maturity plan provides investors with triple indexation at the end of the year, which brings down their tax liability. What is the Fixed Maturity Plan?...
Mutual Funds – Simplified
There are numerous Mutual Funds currently active in India. With over 40 Asset Management Companies and over 10,000 active schemes, the retail investor is left confused as to which one is the right fund for him and where to park his money. But let’s focus on the size of the Mutual Fund Industry First. The...
Indiamart IPO-Price, Date, Details, Allotment Status, Basis, Subscription, GMP, Reviews
Indiamart is coming out with an IPO with issue dates from June 24, 2019 to June 26, 2019 and Price band of Rs.970 to Rs.973 per share against the face value of Rs.10 per share. The minimum lot size will be 15 shares and thus minimum investment at the upper band will be Rs.14595 per...
