Jul 30, 2010

KHAN ACADEMY

The Khan Academy is a non-profit organization.

The  real king, 33 year old Mr.Salman Khan is taking FREE Maths classes for more than 1000 people in a day thro web.

Almost 10 lac people are being benefitted every month from his class.

He is B.S in mathematics, B.S in Electrical Engineering,B.S in Computer Science, M.S in Electrical Engineering, M.S in Computer Science and M.B.A from Harvard Business School. 

Salman Academy 

all the very best

SKS MICROFINANCE IPO – To apply or not . .

SKS Microfinance is the largest microfinance institution (MFI) in India in terms of total value of loans outstanding, number of borrowers and number of branches as per the Oct ‘09 CRISIL report.

The issue is for 1,67,91,579 shares.Face value Rs 10.

50,37,474 shares reserved for retail investors.

The Price Band is 850 – 985. Minimum quantity is 7 shares and there after in multiples of 7 shares.

The most important thing is , there is a discount of Rs 50/- for retail investors.

There is great support from QIBs.(20.38 times subscribed). Issue closed on 30th for QIBs.

The issue closes on 2nd August for retail investors.

Apply. you may apply for 98 shares at the maximum as retail investor.

Jul 16, 2010

Gold ETF

Invest now in gold ETF.

ICICI Pru Mutual Fund and HDFC Mutual Fund launched Gold ETF.

NFO is open now. you need Demat account to invest.

Use this opportunity.

There are already 7 Gold ETFs in the Indian Exchanges.

  • GOLDBEES
  • GOLDSHARE
  • KOTAKGOLD
  • RELGOLD
  • QUANTUMGOLD
  • SBIGETS
  • RELIGAREGOLD
  • Happy Investing

    Jun 17, 2010

    DTC – Revised Direct Tax Code

    Finance Ministry has published the Revised Discussion Paper on Direct Tax Code.

    This is available on the following websites

    Fin Min and IT Dept

    you may post your comments.

    Responses are solicited upto 30th June2010

    Paragraph 1 in each Chapter describes the proposals in the DTC and Discussion Paper,

    paragraph 2 highlights the issues and concerns raised

    and paragraph 3 details the revised proposals in response to these concerns.

    you may send your comments thro email also to

    directtaxescode-rev@nic.in

    Click here to view and post comments

    Jun 15, 2010

    Pension Plans

    There will be changes in pension plans from 1st July 2010.

    Minimum Lock in period 5years. (Presently 3 years in some plans).

    Compulsory Insurance cover.(now you may opt 0 life cover).

    No Full surrender. (now you may withdraw fully and close it after 5 years).

    Investors, above age 50, don't want to pay higher mortality charge may invest now without life cover.