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Sovereign gold bonds scheme - 2020-21

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Dear Friends, Hope you all are staying safe with your family in these tough times of Covid-19. With ample of time in hand, I definitely suggest to sort out your finances, realign the portfolio as per your risk tolerance and future goals. You all should have heard about the current Sovereign Gold Bond (SGB) scheme going on for the current financial year 2020-21. SGB is available with tenure of 8 years with exit options available in 5 th , 6 th , 7 th  year also. With Akshay Tritiya round the corner, why not give SGB a shot ? If you need more details before making an informed decision , please read below.   Let’s discuss about this scheme in detail. What is Sovereign gold bonds (SGB) scheme? SGB is a government security issued by Reserve Bank of India on behalf of Government of India. It is denominated in grams of Gold. You can buy from a minimum of 1 gram to a maximum of 4 Kilograms. SGBs are simple and useful substitute of holding physical go
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Joint Savings account

In India, we get an option to open a joint bank account.  If I am opening a joint account with any of my family member or friend or colleague, I need to : provide a name as primary account holder, He/ She will be responsible for maintaining the account and will be considered the first owner. provide Identity and address proof for the primary owner. Similar , details and documents will be required for secondary owner as well. In case of any interest earned, investment done, capital gains earned or investment done, it will be considered to be earned or invested by Primary owner. However, Primary and secondary owners both can deposit or withdraw money from the account. In some cases, having a joint account is easier option as 2 or 3 people can operate the same account. However, it also increases the risk of fraud or mismanagement of money. So we need to be cautious in weighing pros and cons before opening a joint account.
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PNB Housing Finance IPO – complete review

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PNB Housing Finance Ltd is the fifth largest housing finance company promoted by Punjab National Bank (PNB). The company is engaged in housing loan finance business having 51:49 investments from PNB and Carlyle Group. The Company conducts operations through an operating model which included 47 branches across the northern, western and southern regions of India and 16 processing hubs. Its distribution network included over 7,110 channel partners across different locations in India. PNB Housing Finance will open its public share sale on October 25 aiming to raise Rs 3,000 crore in what will be the second largest issue in 2016. The company has set a price band at Rs 750-775 per share valuing it at close to Rs 13,000 crore. IPO Details Subscription Dates 25 th – 27 th October 2016 Price Band Rs. 750- 775/- Total IPO Size Rs. 3000 crore only Minimum bid (lot size) 19 shares Face value of s
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Unified Payment Interface (UPI) – Complete Analysis

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UPI is a payment system which is designed to transfer money between any two bank accounts by using a smartphone without the need to enter the bank account information or net banking user-id or password. National Payment Corporation of India (NPCI) has made bank applications for UPI operational and it can be used for money transfer. UPI is based on IMPS (Immediate Payment Service) which is used in Net-banking to transfer money 24*7. Why UPI? UPI can be used for peer to peer money transfer. It allows user to transfer money directly from a bank account to numerous merchants both online and offline. The benefit of UPI over IMPS is convenience. When using IMPS we need to access Net banking, add recipient using bank account details , IFS Code of bank, OTP, etc. Once added then you can send money after some time. Whereas in case of UPI, we only need to open the UPI app and enter payee ID that is simple to use. One step and money is transferred instantly.
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RBL bank IPO review

RBL bank, earlier name Ratnakar bank was established in 1943 and currently it is one of the fastest growing private banks. It provides customer centric solution for almost all segments of Indian market like large institutions, Small Entrepreneurs, Individuals, etc. RBL boasts of robust management which took charge in 2010. The current MD and CEO of RBL bank is Mr. Vishwavir Ahuja. He previously served as MD and country CEO of Bank of America for the Indian subcontinent. Under his able and creative leadership, RBL has quickly transformed from a traditional bank to new age bank with usage of latest technology. In the last six years RBL has invested heavily in building strong banking platform. RBL has a total business size of over Rs 31000 crore. It has around 201 branches and 365 ATMs across 16 States and Union Territories. Issue Details ·          Issue date: 19 th August 2016 to 23 rd August 2016 ·          Issue price: Rs 224 to Rs 225. ·          Face value
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Dilip Buildcon IPO: complete review

Dilip Buildcon is Bhopal; Madhya Pradesh based Private sector Engineering, Procurement and Construction Company with primary focus on road projects in India. Core business of Dilip Buildcon is construction projects across India in road and irrigation sectors with primary focus on Highways, city roads and bridges. Company also owns largest fleet of construction equipments in India and one of the biggest employers in Construction sector with more than 17500 employees.  In last 5 years company has completed construction of 51 road projects in Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra. Now they have presence in 14 states of India. Company Promoters Dilip Suryavanshi, Seema Suryavanshi, Devendra Jain and Suryavanshi Family trust. Issue details ·          Issue date:  August 1, 2016 to August 3,2016 ·          Issue Type: Book built issue IPO ·          Issue price: Rs 214 -  Rs 219 per Equity share ·          Market lot: 65 shares
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