Report on Gold Imports and Gold Loans

The Reserve Bank of India has today placed on its website the final Report of the Working Group to Study the Issues Related to Gold Imports and Gold Loan NBFCs (non-banking finance companies) in India.

Key Recommendations of the Working Group:

a. Macro Issues

There is a need to moderate the demand for gold imports considering its impact on the current account deficit. A combination of demand reduction measures, supply management measures and measures to increase monetisation of idle stocks of gold need to be put in place.

i. Demand Reduction Measures:

·         Fiscal measures to reduce the gold imports may be revisited;

·         Better documentation of gold deals and ensuring a better tax treatment of gold is important;

·         There is a need to design innovative financial instruments that can provide real returns to investors, i.e., inflation indexed bonds;

·         Need to convert both rural and urban demand for gold into investment in gold-backed financial instruments through dematerialisation of gold;

·         There is a need to consider introducing new gold-backed financial products to unlock the hidden economic value in the idle gold in the economy;

·         Introduction of products like Gold Accumulation Plan, Gold Linked Account, Modified Gold Deposit and Gold Pension Product may be considered;

·         Careful evaluation of regulatory issues in introducing the proposed gold-backed products is critical;

·         Differential pricing of banking services and finance for gold imports may be considered;

·         Bank finance to purchases of gold bullion may be prohibited;

·         Preferential treatment accorded to gold imports in the procedures, etc., may be reviewed;

·         There is no strong case to exempt Metal Gold Loans from the Base Rate stipulations;

ii. Supply Management Measures:

·         There is a need to recycle considerable domestic scrap gold;

·         Banks may continue their role as nominated agencies in gold imports;

·         But, limits on the volume and value of gold to be imported by banks may be considered, if required under extreme situation;

·         Consider imposing export obligation on bulk gold importers;

·         Idle gold reserves of gold exchange traded funds (ETFs) may be put to productive use;

·         Introduction of tax incentives on instruments that can impound idle gold may be considered like introduction of gold bonds;

·         Authorities may consider setting up of a Gold Bank. This institution can pool the idle stocks of gold besides undertaking several other functions including providing refinance. In this regard, a Concept Paper on Bullion Corporation of India is also enclosed;

iii. Measures to expand monetisation of gold:

·         Banks may expand their gold jewellery loan portfolio to monetise the stocks of idle gold;

·         There should not be any curb or limits on advances against gold jewellery and gold coins by individuals;

b. Institutional and Micro Issues

·         The rapid growth of the assets, borrowings and branch network of gold loan NBFCs need to be monitored continuously;

·         Need to reduce the gold loan NBFCs' heavy borrowings from the banking system so as to reduce their interconnectedness with the formal financial system gradually;

·         Declining capital adequacy ratio – Need to improve the capital of gold loan NBFCs;

·         Need to review the current stipulations pertaining to raising of resources through non-convertible debentures (NCDs) by gold loan NBFCs;

·         The exemption available to secured debentures from the definition of "deposit" may be reviewed;

·         There is a need for monitoring transactions between gold loan NBFCs and unincorporated bodies;

·         Though leverage of the gold loan NBFCs is not a cause for concern at the present juncture, going forward, there is a need for improving owned funds of the NBFCs;

·         There is a need to thoroughly review the operational practices followed by gold loans NBFCs;

·         There is a need to ensure transparent communication of loan terms by gold loans NBFCs;

·         Institution of a customer complaints and grievances redressal system by gold loans NBFCs is important;

·         Need to review the auction procedures followed by gold loans NBFCs;

·         Location of auctions should be the same Taluka where the borrower is located;

·         Post-auction safeguards should be followed by gold loans NBFCs;

·         Better disclosure standards need to be followed by gold loans NBFCs;

·         Monitoring the implementation of the Fair Practices Code is necessary;

·         Standard documentation to be followed by gold loans NBFCs needs to be ensured;

·         Use of PAN Card for large gold loan transactions is advised;

·         Payment through cheque for large gold loan transactions may be tried;

·         As of now, there is no case for conceding level playing field for the gold loan NBFCs with the banks;

·         There is a case for reviewing the extant 'loan to value ratio'; however, a well-defined and standardised concept of the term 'value' is necessary;

·         Unbridled growth of branches by large gold loan NBFCs needs to be moderated;

·         There is a need for an ombudsman to address the grievances of gold loan borrowers;

·         Rationalisation of interest rate structure by gold loans NBFCs is advised;

·         Some gold loan NBFCs have been raising public deposits surreptitiously through unincorporated bodies raising concerns;

III. Major Findings from Technical Work

·         Gold loans have a causal impact on gold imports substantiating the emergence of a liquidity motive for holding gold;

·         International gold prices and exchange rates significantly and positively affect the gold price in India;

·         Increase in gold price appears to be a main factor in increasing the gold loans outstanding;

·         Increase in gold loans extended by NBFCs and banks does not impact significantly the gold price in India;

·         Going by the past trends, a sharp and sudden drop in gold price by 30 to 40 per cent is a remote possibility causing financial distress to the gold loan NBFCs;

·         The extant loan to value ratio (LTV) ratio should provide a reasonable risk cover in case the gold prices fall by 10 per cent;

·         NPAs as per cent of total credit exposure and Capital adequacy of gold loan NBFCs are not a cause for concern at present;

·         Banking sector's existing exposure in the form of their individual gold loans appears small and may not have any significant repercussions for the stability of the banking sector at present;

·         Gold loan NBFCs are doing a socially useful function and that provides a strong rationale for careful regulation of the activities of these NBFCs;

·         The recent slew of regulatory measures taken by the Reserve Bank on the functioning of the gold loan NBFCs may be continued to ensure a healthy growth of the sector in the medium and long term;

The Reserve Bank would examine the recommendations of the Working Group and take a view.

Background

The motivation for the study of gold related issues stemmed from macroeconomic issues, namely, impact of large gold imports on external sector stability and also domestic financial stability due to strong interconnectedness between gold loan NBFCs and the banking system. Large rise in the gold loan business, rapid expansion of branch network of gold loan NBFCs in a short span of time, quantum jump in bank borrowings by NBFCs raised certain regulatory concerns. Accordingly, the Monetary Policy Statement 2012-13 announced on April 17, 2012, stated that a Working Group to Study the Issues Related to Gold Imports and Gold Loan NBFCs in India would be constituted. The Working Group was later constituted with Shri K.U.B. Rao, Adviser, Department of Economic and Policy Research, Reserve Bank of India as its Chairman. Members for the Working Group were drawn from various Reserve Bank departments, such as, Department of Economic and Policy Research, Department of Non-Banking Supervision, Department of Banking Operations and Development, Department of Statistics and Information Management, Department of External Investments and Operations and Financial Stability Unit. The draft report of the Working Group was placed on the RBI website for public comments on January 2, 2013. After incorporating comments and suggestions received from experts, stakeholders and general public, the Working Group submitted its final report to the Reserve Bank on January 31, 2013.

Credits : Wellwishers :for more details www.rbi.org.in
Sent on my BlackBerry® from Vodafone

NTPC Offer for Sale OFS

 NTPC Limited - Offer for Sale of equity shares of NTPC Limited by its Promoter, the President of India, acting through the Ministry of Power, Government of India, through the stock exchange mechanism Selling shareholder: President of India acting through and represented by the Ministry of Power, Government of India Name of the Company: NTPC Limited ("NTPC") Offer Type: Offer for Sale through Stock Exchange Mechanism pursuant to SEBI Circular CIR/MRD/DP18/2012 dated July 18,2012, as amended by Circular CIR/MRD/DP/04/2013 dated January 25, 2013 ("SEBI OFS Circulars") Distribution: Section 4 (1-1/2) / Reg S Category 1 Securities Offered: NTPC equity shares of face value Rs. 10 each  Floor Price: To be announced on 06th February 2013 after trading hours and not later than 6:00 p.m. Offering Size: Up to 783,262,880 equity shares (the "Sale Shares") Allocation Methodology: Price priority method at multiple clearing prices

Exchange / Ticker: National Stock Exchange of India Limited & BSE Limited/ NTPC       SBICAP SECURITIES LTD's Role: Joint Seller's Broker

This is not a prospectus trade 
Indicative Timeline Announcement of Notice (T-2): Tuesday, 05th February 2013Announcement of Floor Price (T-1): Wednesday, 06th February 2013 after trading hours and not later than 6:00 p.mBooks Open (T): 9.15 AM IST, Thursday, 07th February 2013Books Close: 3.30 PM IST, Thursday, 07th February 2013Trade Date: Thursday, 07th February 2013 (Institutional investors have the option to pay 0% or 100% margin on T date for each order entered)Confirmation of Allocation: Thursday, 07th February 2013 (Confirmation will be in form of contract note) Refund of Excess Margin for bids with 100% margin (T+1): Friday, 08th February 2013Settlement for bids with 100% margin (Credit of Shares) (T+1): Friday, 08th February 2013Payment for bids with 0% margin (as per prevailing secondary market practices) (T+2): [Monday, 11th February 2013 Settlement for bids with 0% margin (Credit of Shares, as per prevailing secondary market practices) (T+2): Monday, 11th February 2013 
Note:
 Bids may be modified / cancelled as under:
 For bids with 100% margin, modification/cancellation allowed throughout the bidding period
 Bids with 0% margin can only be modified upward in terms of price and / or quantity throughout the bidding period
 Clients to be advised that the bids with 100% margin will be valid only when they are accepted by the custodians on the Stock Exchange and they should check with the custodians for their respective cut-off time lines.
 In case of any default pay-in, an amount equal to 10% of the order value shall be forfeited as penalty and shall be credited to the Investor Protection Fund.
This material is confidential and is for your information only and is not intended to be used by anyone other than you.  This information is subject to change and does not purport to be a complete description of these securities or the offering. 
The Sale is personal to each prospective purchaser (including individuals, funds, or otherwise) registered with the brokers of the Stock Exchanges who makes a bid (each a "Bidder") and neither the Sale nor this message constitutes an offer or invitation or solicitation of an offer to the public or to any other person or class of persons requiring any prospectus or offer document to be issued, submitted to or filed with any regulatory authority or to any other person or class of person within or outside India. The buyers' commitments should be made solely on the basis of publicly available information and previously published information by the Company available with the SEBI or the Stock Exchanges, Company's website or any other information available in public domain, together with the information contained in the notices filed with the Stock Exchanges, and shall be subject to the terms set forth in the contract note to be provided to the successful buyers.
The offer for sale is being carried out in accordance with SEBI OFS Circulars and subject to the circulars, guidelines rules and regulations of the Stock Exchanges. There will be no public offer of the shares in India under the Companies Act, 1956, as amended (the "Companies Act") or any other jurisdiction. Therefore, no documents have been or will be prepared as an "offer document" or a "prospectus" under the Companies Act, and/or SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, and/or submitted to or registered with the Registrar of Companies, SEBI, the Stock Exchanges or any other regulatory or listing authority in India or any other jurisdiction and no such document will be circulated or distributed to any person in India or any other jurisdiction. This communication is being distributed in the United States solely to certain Qualified Institutional Buyers, as defined in Rule 144A under the Securities Act, and outside the United States solely to non-U.S. persons as defined under Regulation S.
Credits : Wellwishers
Sent on my BlackBerry® from Vodafone

Fwd: Rajiv Gandhi Equity Scheme

Rajiv Gandhi Equity Saving Scheme
 
Background :
 
The Rajiv Gandhi Equity Savings Scheme is a new equity tax advantage savings scheme for equity investors in India. In the last Union Budget 2012-13, a new section 80 CCG has been introduced in the IT Act for extension of income tax benefits under the Rajiv Gandhi Equity Savings Scheme (RGESS) The scheme offers tax benefit over and above the tax benefit offered under Section 80 C of the IT Act which is available for savings/investment up to Rs 1
lakh. The investment has to be made in eligible Equity shares and/ or eligible Equity
Mutual Funds.
 
The benefit is available to first time investors, for investment through their demat accounts opened on or after November 23, 2012, or demat accounts which have not yet been used for equity investment. Investment made up to Rs 50,000/- qualify for tax benefit under the scheme. A maximum of 50% of the invested amount, i.e. up to Rs 25,000/- will be deducted from the taxable income. The actual tax saving would depend on the applicable income tax slab of the investor.
 
FAQs :
 
1. What is Rajiv Gandhi Equity Saving Scheme 2012 (RGESS) and its       
    objective?
     A tax-saving scheme launched by the Government of India in the last Union Budget 2012-
    13. The motive behind it is to attract retail investors into the equity loop. The Scheme also
    aims to encourage the savings of the small investors in domestic capital market.
 
2. Under which section of IT Act 1961, the income tax rebate is allowed for
    RGESS ?
    Income tax rebate is allowed for RGESS under 80CCG of IT act 1961.
   
3. What is the income tax benefit allowed?
    Individual income tax assesses having gross total annual income less than or equal to Rs.
    10 lakhs are allowed deduction in the computation of total income of 50% of total amount
    invested in RGESS eligible securities subject to a maximum deduction of Rs.25, 000. The
    maximum investment eligible for the purpose of deduction under Section 80CCG is Rs.     
    50,000.
 
 
4 What is the difference between benefit u/s 80C & benefit u/s 80CCG under IT
   Act 1961?
   Section 80C and section 80CCG are separate sections of IT Act 1961. Section 80CCG is
  created for providing tax benefits to the investors investing exclusively in RGESS eligible
  securities. The tax benefit for investment in RGESS u/s 80CCG is over and above of Rs. 1
  lakh  benefit currently available u/s 80C of IT Act 1961.
 
5.Who is eligible to get income tax benefits under Section 80CCG of IT Act
  1961?
  One is  eligible for income tax deduction benefits under Section 80CCG provided –
     i) He/She is a resident individual
   ii) He/She is  a new retail investor
  iii) His/Her gross total annual income does not exceed Rs.10 lacs
  iv) He/She has invested in RGESS eligible securities
   v)  His/Her investment is locked-in for the period of 3 years from the date of acquisition.
 
6. Who is a "New Retail Investor"?
   "New retail investor" is a resident individual:-
   (1)Who has not opened a demat account and has not made any transactions in the
       derivative segment as on the date of notification of the Scheme (23rd November 2012)
    or
   (2)who has opened a demat account before the date of notification of the Scheme
      (23rd November 2012) but has not made any transactions in the equity or the
     derivative segment thereafter.
   or
  (3) An individual who is not the first account holder of an existing joint demat account shall
       also be eligible to open a demat account for the purposes of this Scheme.
 
7. How to get confirmation for 'new retail investor' status?
    The depository will certify your new retail investor status at the time of designating your
    demat account as RGESS demat account.
 
8. What are "Eligible Securities" defined under the RGESS?
    Eligible securities as defined under RGESS are –
    i. Equity shares of companies representing "BSE-100" Index or "CNX- 100" Index including
       their Follow on Public offers (FPO)
   ii. Equity shares of Maharatna, Navratna or Miniratna public sector enterprises and their
      FPOs;
  iii. Units of Exchange Traded Funds (ETFs) or Mutual Fund (MF) schemes investing in RGESS
       eligible shares provided these units are listed and traded on stock exchange and settled
       through depository mechanism. New Fund Offers (NFOs) of these Schemes are also
       eligible.
  iv. Initial Public Offer(IPO) of a PSU wherein the government shareholding is at least 51%
      which is scheduled for getting listed in the relevant previous year and whose annual
      turnover is not less than four thousand crore rupees during each of the preceding three
      years;
 
9. Is there a maximum limit for investing in LICNMF RGESS Sr.1 ?
    There is no cap on the amount of investment in RGESS eligible securities. However,
    income tax deduction benefits under the Scheme will be available only for a maximum
    investment amount of Rs. 50,000. This deduction benefit is available only in the year of
    investment.
 
10. What is minimum eligible investment under RGESS Sr. 1 ?
      The  minimum investment is Rs. 5000/- and thereafter in multiples of Rs. 1
 
11. Will I get Tax deduction every year for investment in RGESS Sr.1?
       No. Tax benefits are allowed only in the first year of investments under RGESS. Even if
       one claims small amount deduction under RGESS in one year no further deductions can
       be claimed in subsequent years.
 
12. What is the mode of holding RGESS Sr.1 units ?
      (1) The unit holders are given an option to hold the Units by way of an account statement (physical form) or in dematerialized form (Demat).
      (2) Investors who wants to avail deduction under RGESS should hold units under Demat mode only.
      (3)Unit holders opting to hold the units in demat form must provide their Demat account details in the specified section of the application form.
 
13. What is Demat account?
       Demat account is an account where shares, debentures or units of mutual funds etc are
       held in electronic (paperless) form.
 
14. Where can I open a demat account?
      Demat account can be opened through any of the DPs linked to either the Central
      Depository Services (India) Limited (CDSL) or National Securities Depositories (NSDL)
 
15. What is the procedure for opening demat account for RGESS Sr.1?
      (1) To open a demat account you need to submit an account opening form along with           
            Form A defined under the RGESS notification and other necessary documents to the
            Depository Participant (DP).
     (2) Select Banks and Brokers offer DP services.
     (3) Permanent Account Number (PAN) is mandatory for opening the demat account.
     (4) You need to submit necessary documents required for KYC (Proof of Identity and
          Proof of Address).
 
16. What is a Form A under RGESS?
       Form A is a declaration to be submitted by the investors to DP for availing the benefits
       under the RGESS.
 
17.Can I use my existing Demat account for investments under
     RGESS Series 1 ?
    Yes, you can designate your existing demat account as RGESS designated demat account
    provided you have not made any equity or derivative transactions till the date of
    notification of the scheme. You need to submit Form A to Depository Participant (DP)
    and also need to furnish PAN for designating existing demat account as RGESS eligible
    account.
 
 
19. Is there any lock-in period for RGESS investments?
       Yes, Investments made in RGESS are subject to the two types of lock-in periods  
       occurring one after the other - Fixed lock-in and Flexible lock in.
 
 20. What is Fixed lock-in period under RGESS?
      The fixed lock-in period is the period which will commence from the date of purchase of
      RGESS units in the relevant financial year. The fixed lock-in period is for a one-year    
      period from the date of purchase of the units. In case where multiple transactions   
      (purchases during different dates in the same financial year), the lock-in period will end
      one year from the date purchase of the last tranche of RGESS eligible securities (in the
      same financial year) on which deduction is claimed under the Scheme.
 
21. What is 'Flexible Lock-in' period?
      The period of 2 years beginning immediately commencing after the end of fixed lock-in
      period.
 
22.Can I buy RGESS Eligible securities without complying with the criteria of
     lock-in period?
     To avail tax benefit under section 80CCG of IT Act 1961, the eligible securities brought
     into the demat account will be automatically locked-in (fixed and Flexible lock-in) for 3
     years. However, if you do not want certain securities (including RGESS eligible securities)
     credited to your RGESS demat account to be considered for the Sec 80CCG benefits,
     then a declaration in the prescribed format (Form B) should be submitted within one
    month from the date of credit to the DP. In this case deduction under section 80CCG of
    IT Act 1961 is not allowed for investment in the eligible securities.
 
23.Can I lose the Tax benefits availed under section 80CCG of IT Act 1961?
    Yes, you will lose tax benefits availed under section 80CCG of IT Act 1961, if you fail to
    comply with lock in period requirement or any other requirement of the scheme
    (including maintaining the amount of investment for which tax benefit is claimed under
     Sec 80CCG duly factoring in fall in market value).
 
24.What will be the consequences if I fail to comply with the requirement of
      RGESS?
      If you fail to comply with the requirement of RGESS, then the deduction already availed
      under section 80CCG will be treated as your total taxable income and you are liable to
     pay tax as per the provisions of Income Tax Act, 1961.
 
25. Where can I get information regarding my transactions in RGESS Demat  
      account?
      The depository participant (DP) will provide an annual statement of the eligible
      securities invested in or traded through the demat account
 
Courtesy : Wellwisher
Sent on my BlackBerry® from Vodafone

Einstein and Stock markets

Where markets are headed : Expert viewpoint

Albert Einstein dies and goes to heaven only to be informed that his room
is not yet ready. "I hope you will not mind waiting in a dormitory. We are
very sorry, but it's the best we can do and you will have to share the room
with others" he is told by the doorman. Einstein says that this is no
problem at all and that there is no need to make such a great fuss. So the
doorman leads him to the dorm. They enter and Albert is introduced to all of
the present inhabitants.

"See, Here is your first room mate. He has an IQ of 180!"
"Why that's wonderful!" Says Albert. "We can discuss mathematics!"

"And here is your second room mate. His IQ is 150!"
"Why that's wonderful!" Says Albert. "We can discuss physics!"

"And here is your third room mate. His IQ is 100!"
"That Wonderful! We can discuss the latest plays at the theater!"

Just then another man moves out to capture Albert's hand and shake it. "I'm
your last room mate and I'm sorry, but my IQ is only 70."

Albert smiles back at him and says, "So, where do you think the stock market
is headed?"

Courtesy: Knowledge Share

Wealth Creation for Investors

INVESTORS CONFERENCE ON "WEALTH CREATION FOR INVESTORS"

  organised by The stock exchange,Mumbai

in association with Wirc of Institute of Chartered Accountants of India

 

Highlights of Investor Conference

 

Chief Guest  : Mr. G.N. Bajpai,Chairman,Securities and Exchange Board of india

                          Keynote Address: Creating shareholder value

Subjects                                                                      Speakers

 

1.Wealth Creation as a Business Strategy -        Mr.Tejpavan Gandhok,Country Manager,Stern Stewart India Pvt. Ltd

  The EVA approach

2. Wealth Creation,the Mutual Funds Way          Mr.Mukarram Bhagat,CEO,Crisil.com

 

3. Wealth Creation-Through Asset Allocation    Mr.Rajan Mehta,ED,Benchmark AMC

 

4 Panel Discussion by Wealth Creators             Panel: Mr.Motilal Oswal,Chairman,Motilal  Oswal

-Wealth Creation through Equitiesi                         Shares & Securities Ltd, Mr.K.R.Choksey Shares &                                                                                                             Securities Pvt Ltd,Mr. Chandrakant Sampat,Investor 

                                                                                         and Mr.Manoj Alimchandani,Chartered Accountant.

5 Interactive Q& A Sessions                                  Moderator : Mr.Manoj Alimchandani,Chartered Accountant.

 

 

Date              :   Friday,May 10,2002

 

Time              :  3.30 pm to 6.00 pm

 

 Venue          :   International Convention Hall,The Stock exchange,Mumbai.

  

 

The Investors Conference was attended by over 500 participants .

Fwd: Capital Mkts Seminar 11-3-2002

 Annual Post-Budget Seminar on

UNION BUDGET & CAPITAL MARKETS-INVESTORS PERSPECTIVE

 

SEMINAR HIGHLIGHTS

 

         SUBJECTS                                                                   SPEAKERS

1. CAPITAL MARKETS-An Overview,                      Manoj Alimchandani,FCA

    Minority & Small Investors Perspective                  Chartered Accountant

2. Sectoral Analysis & Value Investing                       Chetan Parikh,MBA(Wharton)

                                                                                           Director,Capitalideasonline.com

3. Tax and Fiscal Issues                                                 Jayesh M Gandhi,FCA

                                                                                           Chartered Accountant,Partner, N.M.Raiji&co                                                                               

4. Mutual Funds-The Road Ahead                              D.Ravishankar,AIWCA

                                                                                          Director (Risk Solutions),CRISIL

5. Technical Analysis & Market Dynamics-              Saumil Trivedi,B.Tech,MS

     with case studies                                                         Vice President,envestmentz.com

6. Panel Discussion/ Q&A with Interactive                 All Speakers, Facilitator:

    Session on Investment Strategies.                            Manoj Alimchandani,FCA

 

Day & Date                      : Monday, 11^th  March, 2002

Timings                              : 5.00 p.m. to 8.00 p.m. (Fellowship 5.00 p.m. to 5.30 p.m.)

Venue                                 : M.C. Ghia Hall, Kalaghoda, Mumbai-400 001

 

  For Whom                       : Investors, Analysts, Fund Managers, Capital Market

                                              Participants, Bankers and Employees.

About the Faculty  

 

Mr. Manoj Alimchandani, FCA. Qualified as Chartered Accountant in MERIT LIST in May 1984. Has 17 years experience in various areas of Investments, Securities Management, Capital Market Operations & Corporate Finance including at senior management level experience with a Mutual Fund and a Finance Company as CEO.

 

Mr. Chetan Parikh-MBA (Wharton) is a Director of Capitalideasonline.com and a regular columnist with Business India.

 

Mr. Jayesh M Gandhi, FCA is a Chartered Accountant and a Partner of M/s. N.M.Raiji & Co., which is engaged in Audits of major companies. e.g. WIPRO,ICICI and leading asset management companies.

 

Mr. D. Ravishankar,AIWCA is currently CFO & Director (Risk Solutions)CRISIL & Advisor, Capitalmarkets, Crisil.com. He has wide experience in the mutual fund industry in CHOLAMANDALAM Mutual Fund (as CEO) and GIC Mutual Fund (as Vice-President).

 

Mr. Saumil Trivedi, B.Tech, MS  Vice President, envestmentz.com, has 28 years experience in Industry & Finance with interest in Equity Research and Technical Analysis. Earlier affiliated to DSP Meryll Lynch, he regularly appears on CNBC, India's No.1 Business Channel.

 

Investors Events- Photo Gallery

Flash Slideshow

Mission

Awareness of  -

• Investors Empowerment and Encourage views for Policy Changes for encouraging Investments in Industry.
  
• Research Insights on Industry,Capital Market, Companies and Mutual Funds
  
• Best Practices and Transparency, Disclosure and Standards of Good Governance by Companies , Mutual Funds and Regulators
  
• Investor Friendly Companies, Mutual Funds and Insurance Corporations
  
• Wealth creation and saving habits