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image courtesy: worldwithoutus If you are going to buy your first  house property whose value is not more than Rs.40 lakh and for this if you desire to avail a home loan up to Rs. 25 lakh, then wait deferring your home loan by just 1 month could give you an additional income tax deduction up to Rs. 1 lakh. How this became possible?  Thanks to today's budget, Mr. FM introduced a new section 80EE and according to it, home loan up to Rs. 25 lakh shall give you additional tax deduction up to Rs. 1 lakh (in addition to earlier Rs. 1.5 lakh {under section 24} thus making it Rs. 2.5 lakh). So deferring your home loan just by a month make sense but the question is-Is there any property  below Rs. 40 lakh in in decent areas of metros like Mumbai, Delhi and Bangalore?

Mr. Chidambaram started narrating the budget on the note of falling global economy and its languishing impact on our domestic economy,  then profusely started doling money for the social sector. Social-sector allocations (for Scheduled and backward classes, old people, minorities etc ) were expected in perspective of the oncoming 2014 general election. To fare well in the elections sops were necessary but sinking economy was another concern. Rising inflation and twin deficits along with the fear of the downgrade by rating agencies constrained the FM from delivering a populist budget and as a result a insipid budget got delivered which is supposed to boost the economy in coming future. Economy FM expects India has got a potential to become a $ 5 trillion economy by 2025. Fiscal deficit and revenue deficit target for FY 14 has been set up at 4.8 % and 3.3% respectively. An amount of Rs. 14,000 crore shall be infused in PSU banks. Taxation ·          There has been no change in the tax

As expected, V-mart shares were listed a tad above its issue price and ended 3% down.This IPO was reviewed  here . This blog had categorically warned its readers to stay away from this issue and advised no to get tempted even in the case of any price rise which may be operator driven. On the last day,this issue saw over-subscription in FII and DII category while retail portion was subscribed around 80 %. By the end of the day only 5.5 lakh shars were traded. 

In the last budget a new provision was introduced in the union budget (under section 80 TTA) which exempts interest earned up to Rs. 10,000 Rs. from saving bank accounts for individuals and HUFs. A few banks like Yes bank, Kotak Mahindra bank and Indusind bank are giving interest on saving accounts in a range of 6-7 % on saving accounts for an account balance above Rs. 1 lakh. Let’s see how one can be benefitted from this provision? Mr. Verma and Mr. Sharma both worked for the same firm where both of them got a performance reward of Rs. 1.4 lakh.  Mr. Verma opened a saving account with a private bank which offered a coupon rate of 7% to deposit the amount while Mr. Sharma opened an FD account with the reward-amount which offered him a coupon rate of 9 %. Mr. Sharma jeered Mr. Verma boasting how his is earning 2 % higher return. What do you think, who played smart? Prima-facie, it appears Mr. Sharma played it smart as he is getting a higher return. But wait, post-tax things changed dra

Sai Silks (Kalamandir) IPO Review Sai Silks (Kalamandir) IPO  Subscription Status as on 13/2/2013 Overall 87 % Issue Subscription QIB (Qualified Institutional Investors ): 0 Subscription  NII (Non Institutional Investors): 43 % Subscription RII (Retail Institutional Investors):1.31 times Subscription Sai Silks (Kalamandir) IPO  Subscription Status as on 12/2/2013 Overall 60% Issue Subscription QIB (Qualified Institutional Investors ):0 Subscription  NII (Non Institutional Investors): 1% Subscription RII (Retail Institutional Investors):1.08 times Subscription Sai Silks (Kalamandir) IPO  Subscription Status as on 11/2/2013 Overall 32 % Issue Subscription QIB (Qualified Institutional Investors ):0 Subscription  NII (Non Institutional Investors): 0 Subscription RII (Retail Institutional Investors):91 % Subscription

Issue Highlights : Price band Rs. 70-75 Lot Size 200 equity shares Maximum Retail Subscription Rs. 1,95,000 or 13 lots Issue Period 11/2/2013-13/2/2013 Issue Type 100 % Book Building Face Value Rs. 10 Issue Size 89 crore Registrar Bigshare services Pvt. Ltd. Company Profile ‘Sai silks’ was originally started as a partnership firm and was later converted into a public limited company. The company is involved in the retailing of sarees  (under the brand names- Kalamandir, Mandir and Varmahalakshmi),women’s dress material, men’s wear, kid’s wear and gold jewellery. The company is also involved in electricity generation using wind power project with a capacity of 2 MW in Kurnool district of Andhra Pradesh. Safety Net Feature of this issue:  S imply put, if  market value of Kalamandir shares fall below the issue price within six months of the allotment, promoters shall buy originally allotted shares from  the re

  Nifty above 7,700 ! Surprised ? The Total Returns Index, not known to many, is nothing but Nifty plus the total dividends announced by Nifty companies, which are assumed to be reinvested. Though not many are interested in dividends and are concerned about only in the rise in share prices, this is a surprise for them. The Total Returns Index is currently above 7,700 (7,713 to be precise as on 1st Feb 2013), while the Nifty is below 6357, the all time high which it achieved in Jan 2008. There is also Total Returns Index for Sensex which is currently at 26,230 and last time when we wrote about this index it was around 22,000. So what does this mean for a retail investor?  Index investing better and that too investing in index ETFs like Nifty Bees , for a longer period of time, generates good returns along with the dividends announced. Dividends play an important role in calculating your returns and hence before calculating your stock returns, check out how much dividends you hav

V-Mart Retail IPO review V-Mart reatil IPO Subscription Status as on 5/2/2013 Overall 1.2 times Issue Subscription QIB (Qualified Institutional Investors ):1.52 times Subscription  NII (Non Institutional Investors): 1.39 times Subscription RII (Retail Institutional Investors):79 % Subscription V-Mart reatil IPO Subscription Status as on 4/2/2013 Overall 7 % Issue Subscription QIB (Qualified Institutional Investors ):0 Subscription  NII (Non Institutional Investors): 8 % Subscription RII (Retail Institutional Investors):13 % Subscription V-Mart reatil IPO Subscription Status as on 1/2/2013 Overall 2% Issue Subscription QIB (Qualified Institutional Investors ):0 Subscription  NII (Non Institutional Investors): 8 % Subscription RII (Retail Institutional Investors): 2 % Subscription

Issue Highlights Issue Period 1/2/2013-5/2/2013 Price Band Rs 195-215 Issue Type 100% Book Building Issue Issue Size 44,96,000 shares/96  crore Face Value Rs. 10 Market Lot 66 Listing BSE,NSE Industry Retail Maximum Retail Subscription 14 lots/Rs. 1,98,660 Registrar Karvy Computershare Issue details: ·          Offer for sale by shareholders: 17,35,000 shares ·          Fresh issue : 27,61,000 shares Industry Profile: The structure of Indian retail industry The rising apparel segment Indian apparel industry is growing at a CAGR of 9.7 % and  FY 12  figure is supposed to touch Rs. 2,000 billion mark. Factors like rising per capita disposable income, urbanization and rising consumer awareness have contributed to this growth . Indian apparel industry comprises of two segments-       (1)     RTS (ready to stitch) : 30 %      (2)      RTW(ready to wear): 70 % The continuous decline seen in