Tamilnadu Sub Registrar Office Kollidam, MAYILADUTHURAI


Contact Details
Tamilnadu Sub Registrar Office
Kollidam, MAYILADUTHURAI

Zone :
TANJORE


District :
MAYILADUTHURAI

Sub Registrar Office :
Kollidam



Address :
Anaikkaran Chathiram,
Kollidam post - 609 102
Sirkazhi Tk.

Telephone :
04364 - 273 230

E - Mail :

sroKollidam@tnreginet.net
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Shanmuga Realtors : New Year Discount Sale Plots Starting From Rs. 10,000..


Name of Promoter: Shanmuga Realtors

Type: Plots of Land

Location: Near Vandavasi and Near Dindivanam

New Year Discount Sale..

Plots Starting From Rs. 10,000

450 Square feet Rs. 10,000

600 Square feet Rs. 13,500



For More details
93829 97703
Shanmuga Realtors
90, Rajaji Salai, (Very Near National Theatre and Hot Ships),
 West Tambaram,
Chennai - 600 045
E- Mail:shanmugarealtors@yahoo.in

Web Site: http://www.shanmugarealtors.com

Landline: 044- 2226 3901,


Cell : 93829 97701, 93829 97702, 93829 97703, 93829 97704, 93829 97705 
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ICICI Bank cuts housing loan rates after SBI and HDFC..


The ICICI bank has introduced two slabs for home loans: upto Rs. 75 lakh at 10.25%, reduced from 10.40% and above it at 10.50% against 10.65% previously. This offer will be valid till January 31, 2013

Ahead of the year-end (2013) festivities, lenders have waged a housing loan rate war.

 India's second largest lender ICICI Bank on Saturday has decided to cut interest rates by 0.15% (15 basis points) designing a special scheme, which is only available to the new customers.

The ICICI bank has introduced two slabs for home loans: upto Rs. 75 lakh at 10.25%, reduced from 10.40% and above it at 10.50% against 10.65% previously. This offer will be valid till January 31, 2014. ICICI Bank spokesperson was not immediately available for comments.


Earlier in the week, India's largest lender the State Bank of India (SBI) lowered its home loan rates by 0.15% to 0.25% while raising the borrowing limits. It offered a special discount of 0.05% for women borrowers.

This was immediately followed by the another home loan major - Housing Development Finance Corp. (HDFC) which now charges 10.25% for loans up to Rs. 75 lakh, down from 10.75% earlier. These rates are applicable for applications submitted up to January 31, 2014.


On December 18, 2013 the Reserve Bank of India (RBI) announced its mid quarter monetary policy where it decided to keep the policy rates unchanged. The repo or the rate at which banks borrow from RBI is currently at 7.75 %.
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Relaxes Land Rules for Issuing Title Deeds..


In a relief to settlers in highland areas, the Congress - led UDF Government in Kerala has decided to waive restrictions on transaction of farmland held by them as part of the condition for issuing title deeds..

A meeting of the state cabinet yesterday decided to take away the restrictive provision in this regard by amending the rules under the Kerala Land Assignment Act.

Speaking to reporters after a cabinet meeting, Information Minister Mr. K. C Joseph said the ceiling set on such land held by each title holder would also be increased to 4 (four) acres from the present 1 (one) acre.

Scores of settler farmers holding lands in upland areas such as Idukki and Wayanad and other high range areas prior to January 1, 1977, which was earlier set as the cut-off date for assigning title deeds, would benefit from the decision. The first phase of issuing title deeds would begin at Idukki later this December (2013) month, the minister said.

Significantly, the settler farmers in the highland areas had been on warpath in recent times against the Centre's move to implement the Kasturirangan report on the Western Ghats conservation, which imposed severe restrictions on land use in the ecologically sensitive areas.
The decision was shelved last week, apparently under pressure from states such as Kerala.


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CS Realtors Chennai Contact Details


CS Realtors, Chennai

Address:

15, 62nd Street,
7th Avenue,
Ashok Nagar,
Chennai - 600 083


Email:
mukesh.sigaram@gmail.com

Sigaram Associates

73730 99978
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CS Realtors: Plots Near Padappai, Chennai


Name of the promoter: CS Realtors

Property Type: Plots of Land

Name of the Project: CS Sai Nagar

Location: Near Padappai, Chennai



Raod : 23 feet

20 Minutes from Tambaram
5  Minutes from Vandalur New Bus Stand
 
Approved Plots

Ready to Construct

Price Starts from Rs. 4.8 lac (600 Square feet)

Contact
Sigaram Associates
73730 99978

CS Realtors
15, 62nd Street,
7th Avenue,
Ashok Nagar,
Chennai - 600 083

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Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 Effective From January 1, 2014..

SECTION 1 OF THE RIGHT TO FAIR COMPENSATION AND TRANSPARENCY IN LAND ACQUISITION, REHABILITATION AND RESETTLEMENT ACT, 2013 - ENFORCEMENT OF ACT - NOTIFIED DATE OF ENFORCEMENT OF SAID ACT

NOTIFICATION NO. SO 3729(E) [FILE NO.13011/01/2013-LRD], DATED 19-12-2013

From 1st day of January, 2014..

In exercise of the powers conferred by sub-section (3) of section 1 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (30 of 2013), the Central Government hereby appoints the 1st day of January, 2014 as the date on which the said Act shall come into force.


Salient Features of the New Land Acquisition Act:

The Land Acquisition bill has been renamed as the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill , 2013.

 * The new act concerns only such cases where the land will be acquired by Central or State Authorities for any public purpose.

 * The new act replaces a about 120 year-old law enacted during British rule in 1894. It lays emphasis on Rehabilitation & Resettlement
   
* The Act  calls for taking the consent of 80 % of land owners for acquiring land for private projects and of 70 % landowners for public-private projects.(PPP)
   
* It also tries to lay down a transparent process for land acquisition for industrialization, development of essential infrastructural facilities and urbanization by giving adequate financial compensation to the affected people.

* It gives priority to the interests of the farmers, landless labourers, dalits & tribals.

* Multi-crop irrigated land will not be acquired except as a demonstrably last resort measure. Wherever multi-crop irrigated land is acquired an equivalent area of culturable wasteland shall be developed for agricultural purposes. States are also required to set a limit on the area of agricultural land that can be acquired in any given district.

  *  It also provides for leasing of land to developers / promoters, instead of sale, so that the ownership will remain with the original land holders and they can also have a regular income by way of lease rent; the terms of lease to be laid down by the State Government according to type of land, location, market rates etc.

*  The Act clearly enunciates the issues relating to acquisition, award, compensation & rehabilitation and also curtails the discretionary powers of the District Magistrates.

* Central Acts which are outside the purview of the new Act have to conform to the provisions of compensation and Rehabilitation and Resettlement package within one year of the coming into force of the legislation.
 
*  Where land is acquired for urbanisation, 20 % of the developed land will be reserved and offered to land owning project affected families, in proportion to their land acquired & at a price equal to cost of acquisition and the cost of development.
   
* The Consent of Gram Sabha is mandatory for acquisitions in Scheduled Areas under the 5th Schedule referred to in the Constitution.


See full presentation on the act at following link



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HCL Shiv Nadar Added Most Wealth in 2013..


Nine Indians on Bloomberg list of the world's 300 richest people; Mukesh Ambani drops from 18th in 2012 to 35th..

In general, India’s billionaires would like to forget 2013 in a hurry. But, there are a few exceptions.

At least 4 of the 9 Indian billionaires in Bloomberg’s list of the world’s 300 richest individuals made more money and added a combined $1,070 Crore to their wealth during the year (2013).

Not surprisingly, 3 of them belong to the information technology & healthcare sectors, while the 4th - Mr. Pallonji Mistry, a major stakeholder in Tata Sons - has benefited largely from a robust 68% rise in Tata Consultancy Services’ (TCS’) stock price. A sharp fluctuation in the value of the rupee also contributed to the swinging fortunes of India’s billionaires during the year.
 
Mr. Shiv Nadar
Mr. Shiv Nadar, founder and chairman of India’s 3rd-largest software exporter, HCL Technologies, topped among the Indian billionaires going to end 2013 richer. His wealth has gone up by as much as $ 390 crore billion since January, 2013 with HCL’s share price doubling during the period to close at Rs. 1,246 apiece on December 26, 2013..

Close second was Sun Pharmaceutical Founder & Managing Director Mr. Dilip Shanghvi, now among the world’s 100 richest individuals, added $320 crore to his wealth in 2013.

Mr. Pallonji Mistry, father of Tata group chairman Cyrus Mistry, added $260 Crore to his wealth this year.

Wipro Chairman Mr. Azim Premji was the 4th biggest gainer, adding $ 94.10 Crore to his fortune.

But things have not been that rosy for the other 5 billionaires in the list -  they have lost acombined $ 620 Crore. Mr. Mukesh Ambani, India’s richest man, dropped from his global ranking of 18th  richest in 2012 to 35 th in 2013, with his wealth eroding by $100 crore during the year.

Anil Ambani lost $ 81.30 Crore of his wealth, despite a spectacular 78% surge in Reliance Communications’ share price.


Globally, the world’s biggest wealth creator in 2013 was Microsoft Chairman Mr. Bill Gates, who added $ 1,480 Crore during the year to take his wealth to $ 7,750 Crore. Microsoft’s shares rose 39% during the period.
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SBI Cuts Rates 0.15 to 0.25% for New Home Loans; May Offer Sops to Women


State Bank of India (SBI)  lower housing loan rates for new borrowers &  offer a special discount to women, in moves prompted by the RBI keeping policy rates unchanged on Wednesday contrary to expectations.

The SBI bank lower rates by 0.15% to 0.25% and raised the borrowing limit for loans at the lowest rate.

The reduction in risk weightage and poor demand for loans have been the key reasons for SBI to reduce rates, said a senior SBI official.


SBI charge 10.15 % on loans up to.75 lakh and 10.30 % on loan amounts higher than that. Women borrowers will get a further  0.05% off.

Earlier, the bank charged 10.30 % for loans up to.30 lakh and 10.50 % for loans above that. The aim is to attract customers and improve market share, said an SBI official.

The decision to reduce rates had been taken at a meeting of the high-level asset liability committee. SBI has a home loan book of Rs. 1,30,034 crore that comprises 13.6 % of the banks loan book.


The move to raise borrowing limit at the minimum rate to Rs. 75 lakh from Rs. 30 lakh comes after RBI changed its policy on risk weightage.
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Chennai Realty Property Show 2014 : 24 to 26 January - 2014 at Anna Nagar, Chennai


Over the years, Chennai Realty has become synonymous with the image of credibility and innovation in the real estate market in Chennai.

Property Expo at Chennai..

Date: 24th, 25th & 26th January 2014

Venue: Chinnaswamy Marriage Hall,
Anna Nagar, Chennai 

Meet and network with a number of people that will be landlords in their own right who own between 1 to 3 homes and also HNI's who have liquid cash to invest

Interact first hand and be able to generate new qualified leads face to face

Network and be able to offer professional advice on property matters, current trends & also be able to seek any new opportunities in the market place

Survey how the Property Market is responding to all the news and media about real estate industry in Chennai



Fresh ideas and be pro-active to penetrate new markets

Be amongst the leading real estate brands in Chennai

Meet your competitors and find out what new concepts they are offering

Build a key strategy to make your business a profitable and efficient business by being ahead

Add loyalty and offer added value to your client

Why Chennai Realty Property Mela 2014?

Most Trusted and Unique Concept 3-Dimensional Campaign

Extensive Media Coverage

Quality Footfalls of More Than 2,000+ Audiences

Timing – Perfect for New Year Home Buying Plans

15 Day Post Event Virtual Property Expo

Mammoth Hub of Serious Property Seekers

Location of The Mela:

Hub for Anna Nagar, Mogappair, Ambattur, Avadi, Ayanambakkam, Kolathur, Ayapakkam, Villivakkam

Ample Parking Space at the venue
 Chennai Realty Events
Ergonomically Planned Layout to ensure Quality Foot fall and Good Branding Opportunity

Integrated with popular networking sites such as Facebook, Twitter, Youtube and many more

For More Details
 
Chennai Realty,
No : 1, 2nd Floor, Swathi Complex,
Venkatnarayana Road,T Nagar,
Chennai - 600 035.
Tele : +91 044-42920011, 87545 93011


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ICICI Lombard releases Motor Insurance trends for 2013 and implications for 2014


 ICICI Lombard General Insurance, India’s largest private sector insurance company, has released the key trends for 2013 and its outlook for 2014 for the Motor insurance segments. 

 Mr. Sanjay Datta, Chief – Underwriting and Claims, ICICI Lombard General Insurance told : ‘Being the largest private sector General insurance company, we believe it is imperative for ICICI Lombard to be ahead of the industry curve in terms of identifying consumer trends and imbibing the same in our product and customer service proposition. The year 2013 saw the industry take initiatives across the product portfolio that resulted in the sector registering sizeable growth despite prevailing macro headwinds.”
Motor Insurance 


·    Turn-around in Petrol: Diesel car sales in Small  and Mid size cars. Petrol cars witnessed positive shift of 7 % in Q1 – FY 2013-14
·    Amid slowdown, Two wheelers (3  % to  4 %) and Pre-owned cars (20 %) witnessed high growth this year
·    Motor Insurance bucked the industry decline trend led by increase in liability premium and launch of new add-on covers
·    Add-on covers gained traction in 2013 (50 % new cars sold with Add-on covers)
o Zero depreciation, Road Side Assistance, Return to Invoice witnessed high consumer demand
Among the key trends likely to emerge/ strengthen in 2014 include:

·    SUV, High end Two wheelers and LCV will drive growth in the Auto segment in 2014
·    Industry focus will persist on specific Add-on covers
Road Side Assistance, Engine Protect, Voluntary Deductible
·    Improvement in claims settlement process time: 87% cases settled within one month (FY 2012-13) compared to 90% in FY 2013-14 (Apr – Sept)

Mr. Sanjay Datta, Chief – Underwriting and Claims, ICICI Lombard General Insurance
Commenting on the outlook for 2014, Mr. Sanjay Datta said “We believe that the year 2014 would be better in terms of growth across the health and motor insurance segment. Apart from macro economic factors, the industry is poised to enhance its value proposition across the product and service spectrum. It should be an exciting year for Health and Motor insurance customers.”

About ICICI Lombard General Insurance Company Ltd.
ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest bank with total assets of over USD 99 billion at March 31, 2013 and Fairfax Financial Holdings Limited, a Canada based USD 37 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs 64.20 billion for the year ended March 31, 2013. The company issued over 9.18 million policies and settled over 5.07 million claims as on March 31, 2013.

ICICI Lombard received the highest rating in terms of overall customer satisfaction as well as ‘The most Recommended Company’ in a 2013 survey to assess Customer satisfaction and Quality of Health insurance in India, commissioned by Dept. of Consumer Affairs, Ministry of Consumer Affairs. The company has also been conferred the "ASTD BEST Award 2012" for Learning and Development, "Porter Prize 2012" for creating Shared Value, "Golden Peacock Award 2012" for Corporate Social Responsibility and "Golden Peacock Innovation Award-2010" for Rashtriya Swasthya Bima Yojana. It also received the "Product of the Year" award in the General Insurance category for FY2012-13 and was voted the No 1 Health Insurance Product in a survey of 18,000 people over 23 cities in India, a study done by Nielsen. The company has been conferred with 'Celent Asia Insurance Technology Award 2012' under the category Best Mobile Applications. More details are available on the website www.icicilombard.com

ICICI Lombard General Insurance Company Ltd.
 ICICI Lombard House,
414, Veer Savarkar Marg,
Prabhadevi,
Mumbai 400025
Tel: (022) 61961000

 www.icicilombard.com
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ICICI Lombard releases Health Insurance trends for 2013 and implications for 2014..

ICICI Lombard General Insurance, India’s largest private sector insurance company, has released the key trends for 2013 and its outlook for 2014 for the Health insurance segment. 

Commenting on the occasion, Mr. Sanjay Datta, Chief – Underwriting and Claims, ICICI Lombard General Insurance said: ‘Being the largest private sector General insurance company, we believe it is imperative for ICICI Lombard to be ahead of the industry curve in terms of identifying consumer trends & imbibing the same in our product and customer service proposition. The year 2013 saw the industry take initiatives across the product portfolio that resulted in the sector registering sizeable growth despite prevailing macro headwinds.”

Some of the key insights & outlook shared include:
 
Sanjay Datta, Chief – Underwriting and Claims,
ICICI Lombard General Insurance
Health Insurance

·    Disease pattern is shifting towards non-communicable diseases e.g.  Neoplasms (Cancer), 11 % in 2013-14 compared to 8 % in 2009-10
·    Higher growth in medical inflation related to reimbursement cases (12 % in 2012-13 compared to 10.2 % in 2011-12).
Cashless cases witnessed limited rise in costs due to efficient network management
·    Cashless route adopted by customers for high cost treatments
·    30 % Medical Cases treated at Tertiary hospitals – resulting in higher treatment costs
Among the key trends likely to emerge/ strengthen in 2014 include:
 
·    Employer sponsored health insurance cover will continue to rise
·    Focus on OPD in line with changing customer trends and emergence of shorter duration treatments (one day stay/ same day discharge)
·    Preferred Provider Network to gain prominence

About ICICI Lombard General Insurance Company Ltd.
ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India's second largest bank with total assets of over USD 99 billion at March 31, 2013 and Fairfax Financial Holdings Limited, a Canada based USD 37 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs 64.20 billion for the year ended March 31, 2013. The company issued over 9.18 million policies and settled over 5.07 million claims as on March 31, 2013.

ICICI Lombard received the highest rating in terms of overall customer satisfaction as well as ‘The most Recommended Company’ in a 2013 survey to assess Customer satisfaction and Quality of Health insurance in India, commissioned by Dept. of Consumer Affairs, Ministry of Consumer Affairs. The company has also been conferred the "ASTD BEST Award 2012" for Learning and Development, "Porter Prize 2012" for creating Shared Value, "Golden Peacock Award 2012" for Corporate Social Responsibility and "Golden Peacock Innovation Award-2010" for Rashtriya Swasthya Bima Yojana. It also received the "Product of the Year" award in the General Insurance category for FY2012-13 and was voted the No 1 Health Insurance Product in a survey of 18,000 people over 23 cities in India, a study done by Nielsen. The company has been conferred with 'Celent Asia Insurance Technology Award 2012' under the category Best Mobile Applications. More details are available on the website www.icicilombard.com

ICICI Lombard General Insurance Company Ltd.
 ICICI Lombard House,
414, Veer Savarkar Marg,
Prabhadevi,
Mumbai 400025
Tel: (022) 61961000

 www.icicilombard.com
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Share Market in 2014 by Mr. G.CHOKKALINGAM


Recently Share market has gone up mainly due to improvement in perception &  confidence that the outcome from the forthcoming election will be positive.

However, the fact is that the ground reality of the economy is a cause of worry:

** Overall GDP (Gross Domestic Production) growth is still at  ten year low and industrial economy is stagnating.

** Collections from excise duty are down year on year in absolute term, which indicates serious concern for manufacturing sales.

** Fiscal deficit during the first 7 months of current fiscal is 84 % of total budgeted deficit for 2013-14 , tax collections are far below budge target;
 
CHOKKALINGAM G Market Analyst Mumbai
**  Inflation is set to tighten further to double digit

** Non Performing Assets (NPAs) of PSU banks is too high, no hope for any steep fall in next  two quarters;

** Despite CAD (Current Acconut Deficit falling steeply in Q2 FY2014,  the  central government was forced to withdraw about  $1100 Crore  from forex reserves to finance CAD;

** Export growth again slipped down to single digit in Nov 2013;

**  Despite Indian rupee crashing by about 35 % against USD over past two years, FDI (Forigen Direct Investment) inflows are down 38 % year on year in September 2013 and for first half of FY 2014, down by 11 %;

In this environment market has moved up mainly due to increase in confidence level on election outcome.

However,  formation of successful alliances with regional parties in 7 states is very crucial for the markets. States such as Tamilnadu, AP, UP, Bihar, WB, Orissa and Maharasra account for  60 per cent of total Lok Sabha seats - so formation of successful alliances with the regional parties in these states very crucial for the further recovery in the equity markets.

In case both BJP & Congress fail on this front & both of them put together get less than 300 seats, then the confidence level of investors USP the FIIs will be hit badly - in such scenario, the Sensex would range within 20000  to 21000 by end of 2014.

On the other hand, either BJP or / Congress gets about 220 seats, then the confidence in market will increase substantially - the PE for the market will increase to 15 x FY 2015E Sensex  EPS of  Rs.1670 - that is market will rise by close to 20 % in 2014.

Any National Party getting this number will also increase the scope for improving the economic conditions as the new government can focus solely on further positive measures and improved sentiments will also boost the economy in terms of accelerated investments.

In this background aI suggest following 3 stocks with conservative approach - that is choose stocks which are fundamentally strong & also not moved up substantially.

by Mr. G.CHOKKALINGAM
Market Analyst, MUMBAI

Photo Source: The Hindu


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Stock Picks for New Year 2014..

Best Stock Picks for 
New Year  2014..

MOIL

Cadila Healthcare Ltd.

Tata Coffee

Tata Global Beverage

HINDALCO

WIPRO

 IL&FS Transportation Networks

 LIC Housing Finance

Aditya Birla Nuvo Ltd. (ABNUVO)

DIVISLAB


WHIRLPOOL

TNPL

Grasim Industries

RECL

MARUTI

Coal India

Coromandel International

INFOSYS

KOTAK BANK

SWARAJENGINE

BALA KRISHNA IND

Reliance Industries

 Dr. Reddy’s Laboratories

 Oil India

 UPL


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SEBI to Make IPO Grading voluntary


Nearly 7 years after introducing ratings of initial public offerings (IPO), the Securities and Exchange Board of India (SEBI) might make the concept voluntary.

“There is a unanimous view that IPO grading should not be compulsory. We will consider that,” SEBI Chairman Mr. U. K Sinha said at a conference organised by the Association of Investment Bankers of India. He added the board would make a formal announcement on the matter in a week.

SEDBI had made it mandatory for companies to secure an IPO grade from at least one credit rating agency for all offer documents filed on or after May 1, 2007.

“The IPO grading process is expected to take into account the prospects of the sector in which the company operates, the competitive strengths of the company that would allow it to address the risks inherent in the business(es) and capitalise on the opportunities available, as well as the company’s financial position,” said to a SEBI note.



IPOs are graded on a 5 point scale, with grade 1 being the lowest. The grade does not take into account the valuations or the price at which the shares are offered. ‘Mandatory IPO grading: Does it help pricing efficiency’, a recent study by Indian Institute of Management-Ahmedabad’s Joshy Jacoby and Sobhesh Kumar Agarwalla, said certification did not result in more efficient pricing of IPOs.

 “There is no evidence to support IPO pricing improvement due to the introduction of IPO grading. This is contrary to the evidence reported by some earlier studies. This suggests the failure of grading as an IPO certification,” said the report, dated December 2012.

Currently, IPO grading is voluntary for companies listing on SME platforms. Scrapping of IPO grading would not impact rating agencies, as its share in their revenue is very small.


Separately, SEBI is planning to expand the list of companies that can raise funds by filing a shelf prospectus (A type of offer where securities can be sold without a separate prospectus for each set). “We want to expand the eligibility of companies that can issue shelf prospectus,” Mr. Sinha said.
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Mutual Fund Assets Under Management Grow to Rs. 7.05 lakh Cr..


The assets under management (AUM) of portfolio managers held for investments on behalf of investors (high networth individuals or /  HNIs) have risen to Rs. 7.05 lakh crore in November this year  (2013) from the previous month’s levels.

According to latest data available with the Securities and Exchange Board of India (SEBI), the assets under management of portfolio managers increased to Rs. 7,05,505 crore at the end of November from Rs. 7,02,887 crore in the preceding month.

It had touched a record level of Rs. 9,58,121 crore in August, 2013.

The total AUM has nearly doubled since the data was first released by SEBI in December 2010.


In November, 2013 portfolio managers individually handled assets worth Rs. 5.42 lakh crore for discretionary services, Rs. 1.28 lakh crore for advisory services and another Rs. 34,677 crore for non-discretionary investments.

Of the total AUM, Rs. 5.05 lakh crore is contributed by funds from the Employees’ Provident Fund Organisation (EPFO) and Provident Funds.

The number of clients for portfolio managers has fallen to 57,987 in November from 61,510 in the preceding month.
The number of clients has significantly declined from the levels seen in December 2010. Portfolio managers accept investments of up to Rs 25 lakh or stocks worth this level.

According to SEBI data, portfolio managers handled debt assets to the tune of Rs. 5.3 lakh crore, and listed and unlisted equities worth Rs. 23,727 crore at the end of November.


In addition, portfolio managers managed AUM worth about Rs. 9,090 crore of mutual funds during the period.
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