Cost Inflation Index : Indexation is a process by which Cost of acquisition is adjusted against inflationary rise. Every year Govt notifies Cost Inflation Index which is used for calculating Long term capital gains. When investor sells its property then CII index is used to determine current indexed value. Govt have recently notified CII for…
Mahindra & Mahindra Financial Services Subordinated NCD Issue May 2016:
Noted Non-banking finance company – Mahindra Finance which is promoted by Mahindra & Mahindra will soon come up with an issue of subordinated , unsecured NCDs. Issue Size: Mahindra Finance will raise Rs.250 crore through this issue with an option to retain over subscription up to Rs.1000 crore.Company may issue one or more tranche of…
Is Your Mutual Fund Record Up To Date:
Ramesh has some very old mutual fund investment made decade ago.As at that time, even pan number was not compulsory , there were no mobile phones, signatures are changed over a period of time. so now when he need some money, he is running to prove his identity to asset management company.This happens as he…