15 December 2012
Tracing FII flows :: Business Line
As we approach 2013, the outlook appears to be improving on several fronts.
GDP growth at a low of 5.1 per cent, Current Account Deficit (CAD) in the high 3 per cent realm, the rupee hovering at around 54 to a dollar and stressed corporate earnings — logically speaking all these factors should make for a pretty dismal scenario. Under these circumstances, fund flow from foreign institutional investors and hence the markets should be depressed.
Why then are the Indian markets up almost 30 per cent from the lows of December last year and FII fund flow at around $22 billion in the secondary market, at a high? Do the markets and the FIIs know something that all of us are missing out on? Or are they being overly optimistic?
All about redemption transactions :: Business Line
Investors making redemption requests when accompanied with an add-on service need to ensure that they complete specific formalities so that their request is processed smoothly. We have presented here specific instances of redemption requests received from investors:
I have requested for redemption along with a request for a change in bank details. However, the bank details were not changed and the redemption cheque was sent with old bank details printed therein.
As a risk mitigation measure, Mutual Funds do not process request to change bank details that is submitted along with redemption. Redemption proceeds will be sent to the original bank account or with the original bank details printed in the cheque. Investors who have closed a bank account and are using a new bank should update the new bank account details in their folios before submitting redemption request.
In an earlier article in this series, we had mentioned that Mutual Funds now allow individual investors to register up to five bank accounts in their folios.
16 Dec -Tax Talk :: Business Line
I own a commercial shop at Vasai (E), Thane district, Maharashtra. I bought it in December 2007, and full payment was done by end of March 2008.
My queries are:
1) I wish to sell the property now. I am making a long term capital gain of Rs 8 lakh. Can I invest in a new commercial property so that I do not have to pay tax? Do I have to invest the entire sale amount or only the amount of capital gains for tax benefit?
2) Can I invest in a new residential property? Do I have to invest the entire sale amount?
3) Within how much time do I have to re-invest the amount to avoid tax?
4) Can I adjust the capital gains against losses in short-term speculation losses in equity market? Or against losses in short-term losses in sale of shares?
— Paresh Chandarana
Bharti Infratel IPO - FINAL Oversubscribe 1.3x only
| Bharti Infratel Limited | ||||
|---|---|---|---|---|
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 66115000 | 187928700 | 2.84 |
| 1(a) | Foreign Institutional Investors (FIIs) | 180232300 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 3348600 | ||
| 1(c) | Mutual Funds | 4347800 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 28335000 | 8320350 | 0.29 |
| 2(a) | Corporates | 8084400 | ||
| 2(b) | Individuals (Other than RIIs) | 218750 | ||
| 2(c) | Others | 17200 | ||
| 3 | Retail Individual Investors (RIIs) | 66115000 | 12243000 | 0.19 |
| 3(a) | Cut Off | 9529800 | ||
| 3(b) | Price Bids | 2713200 | ||
| Total | 160565000 | 208492050 | 1.30 | |
| Updated as on 14 Dec 2012 at 2015 hrs | ||||
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