M&M Financial Services NCD – A WorthyFixed Income Opportunity?

M&M Financial Services NCD – A WorthyFixed Income Opportunity? After the IPO frenzy of Parag Milk Foods, Ujjivan, Thyrocare, Equitas, & flurry of tax-free bonds – IRFC, PFC, comes a fixed income opportunity launched by Mahindra & Mahindra Financial Services (MMFSL). Read on to know more. Details of MMFSL NCD Tranche I Issue This NCD issue is being offered for a tenor of 10, 7 & 5.5 yrs with corresponding coupon rates of 9%, 8.8% & 8.7% respectively for retail/HNI inv...
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NHAI Tax Free Bonds Tranche I – Should You Invest?

 NHAI Tax Free Bonds Tranche I – Should You Invest? The tax-free bonds bonanza continues! After IRFC Tax-free Bonds’ & PFC Tax-free Bonds’ blockbuster issue in Dec & Oct 2015, comes another Govt backed company with its tax free bonds issue. National Highways Authority of India (NHAI) is an autonomous authority of the Govt. of India, responsible for development, maintenance & management of National Highways. It will open its tax-free public issue of bonds of a mammoth Rs. 10,000 cr...
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IRFC Tax Free Bonds – Should You Invest?

 IRFC Tax Free Bonds – Should You Invest? The tax-free bonds party continues! After NTPC Tax-free Bonds’ & PFC Tax-free Bonds’ blockbuster issue in Sep & Oct 2015, comes another Govt backed company with its tax free bonds issue. IRFC is the dedicated financing arm of the Ministry of Railways. It will open its tax-free public issue of bonds of ~Rs. 4,500 crores for subscription. IRFC was among seven state-run entities which was given permission to raise Rs. 40,000 crores in the current fiscal ...
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PFC Tax Free Bonds – Should You Invest?

PFC Tax Free Bonds – Should You Invest? The tax-free bonds party continues! After NTPC Tax-free Bonds blockbuster issue in Sep, 2015, comes another Govt backed company with its tax free bonds issue. Power Finance Corporation (PFC) is India’s leading NBFC providing funding to power projects. It will open its tax-free public issue of bonds of Rs. 700 crores for subscription. PFC was among seven state-run entities which was given permission to raise Rs. 40,000 crores in the current fiscal year thr...
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Hawkins Cookers Fixed Deposit – A Good Fixed Income Opportunity

Hawkins Cookers Fixed Deposit – A Good Fixed Income Opportunity Most of us have a chunk of our investments in financial assets in Bank Fixed Deposits. However, it’s a well known fact that tax-adjusted returns from Bank Fixed Deposits fail to beat the inflation or may actually give negative real returns after adjusting for tax and inflation. Hawkins Cookers, the company which is a household name, courtesy of its iconic Hawkins cookers and cookw­are, has come out with an attractive Fixed Deposi...
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Massive Market Tumble – Get Your Stock Shopping Bags Ready

Massive Market Tumble – Get Your Stock Shopping Bags Ready Get Your Stock Shopping Bags Ready After yesterday’s unprecedented market crash, we received several frantic and panicky phone calls and queries from umpteen investors as well as non-investors in the stock market. But what surprised us the most was the pace of information dissemination in the “whatsapp era”. There were queries from housewives, professionals and others whose daily routine has little to do with stock markets and yet ...
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The Confidence Effect in Money Matters

The Confidence Effect in Money Matters The sharp fall in stock prices of companies laden with some debt had its latest victims – We happened to get distress calls from several investor with little more than two years of investing history, complaining “Is stock market less safe a place than it used to be?” Again, we searched for answers through teachings of some of the greatest all time investors and reverted to the distressed investor that probably, stock markets were never a safe place in...
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How Much Should I Invest in Equities?

How Much Should I Invest in Equities? “How much should I invest in Fixed Deposits (FDs), Stocks, Gold & Real estate?” We encounter this elementary question almost daily while interacting with several salaried and self-employed individuals. Well, if this question has haunted you at some point of time or even worse, if you’ve never thought about your investments in this fashion, then it’s time for you to take charge and read on. In case you are not convinced about investing in equities for ...
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Why Should You Invest in Stocks?

Why Should You Invest in Stocks? In India, individuals are generally ‘under-invested’ in stocks and ‘over-invested’ in gold & real estate. Stomach this – A whopping ~67% of an Indian households’ wealth is concentrated in gold and real estate. The merits of investing in gold and real estate are so deeply ingrained in our psyche that we tend to turn a blind eye even to the returns generated by these asset classes vis-à-vis stocks. The fact that only ~2% of Indians invest in stock markets un...
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Aspirational Inflation – The Silent Wealth Eroding Machine

Aspirational Inflation – The Silent Wealth Eroding Machine We have all learnt about demand side and supply side inflation in our college days. But none of the teachers, books or courses taught us about aspirational inflation. It’s pretty simple to understand – our desire for better lifestyle, better gadgets, and better travel keeps on getting better with every passing year. A simple back-of-the envelope calculation suggests that inflation levels for our generation, more so for the ’empowered,...
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