ICICI Prudential Mutual Fund has launched ICICI Prudential Value Fund, Series 16 -

ICICI Prudential Mutual Fund has launched ICICI Prudential Value Fund, Series 16 - NFO

ICICI Prudential Mutual Fund has launched ICICI Prudential Value Fund, Series 16.

The small-cap equity fund will invest in a well-diversified portfolio of stocks.

The minimum investment is Rs. 5,000

The issue closes on 7 August, 2017

Mutual fund fact sheet information..!

Mutual fund fact sheet information..!

1. The fact sheet covers basic information, such as the fund objective, nature of fund, fund manager's name, fund's inception date, benchmark index, corpus size, current NAV, among other details.

2. The next detail it showcases is the portfolio strategy of the fund through investment style, fund portfolio with top holdings, and allocation across sectors and issuers.

3. Volatility measures pertaining to ratios, such as Standard Deviation and Sharpe Ratio, are also mentioned to gauge the inherent risk of the fund.

4. Fund fact sheet also has details about charges in terms of expense ratio and loads.

5.  The fact sheet carries returns of the fund, and the representative benchmark index to enable comparison of the fund's performance with its benchmark.

Courtesy : Centre for Investment Education and Learning (CIEL).

Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

Rectifying income tax returns..!

Rectifying income tax returns..!

After an income tax return is filed, it is processed by the CPC, Income Tax Department.

However, after processing, if an assessee realises that some income was not reported, or some deduction was not availed of in the return computation, it is possible to file a rectification request.

After the filing of the revised return, the Income Tax authorities may revise the intimation or order (if already passed), if they find merit in the revision.

1. Prerequisite..!

To file for a rectification, the assessment of the original return should have been processed at the CPC, Bengaluru.

2. Online portal..!
Rectification of the return can be carried out online on the income tax portal https: incometaxindiaefiling.gov.in.

The assessee should log in using his login name and password and go to `Rectification' option under the tab `E-File'.

3. Details..!

The type of return you are filing (income tax or wealth tax), and the assessment year pertaining to the rectification needs to be added. Latest communication reference number needs to be mentioned.

This is the number of the last communication received from the Income Tax Department.

4. Rectification request..!

After validating the details, the assessee should enter the rectification request type and enter the required details. 

Once the details to be rectified are entered and submitted, an acknowledgement number is generated for future reference.

5. Verification

Once the rectification request is filed, it needs to be verified either through the assessee's Net banking portal or using the Aadhaar OTP income tax verification mechanism.

The filed revised return is sent by e-mail to the assessee's registered email ID.

Points to note

* It is also possible to file rectification application through the physical mode.

* The IT Department has allowed rectifi cation of returns filed after the due date.

Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

Systematic Investment Plans - Do not be swayed by what Mutual Fund Agents and distributors say..!

Systematic Investment Plans - SIPs - 
Do not be swayed by what Mutual Fund Agents 
and distributors say..!

Systematic Investment Plans (SIPs) work wonderfully in helping investors get great returns from equity based mutual funds.

However, a major threat to investors being able to use this method of investment is the attempt by mutual funds to fine-tune and optimise SIPs. It sounds strange, but it's true. Let's see how.

Earlier in this series of articles, I had written about how SIPs were the best feature of mutual fund investing.

Through an SIP, you can invest a regular amount in a fund. It is typically, an equity fund, although SIPs are available for practically every fund. That's all you have to do, maths and psychology take care of the rest.
I had pointed out two important ways in which SIPs help you save more and get higher returns.

First, there's the math. When you invest a fixed sum regularly you are allocated more units when the markets are low. It's like buying anything else you will get more for the same amount of money when the price is low.
However, when you eventually sell it, each unit gets you the same price. This enhances your returns.

Second, there's the psychology. When the markets turn downwards, many investors don't invest, even though that is the best time to do so.They are wary of further drops and choose to wait to invest after the markets have reached the bottom.

The reverse is also true. When the markets are too high, they don't invest, waiting instead for the markets to dip. The recent months have seen a lot of such behaviour.

Obviously, these people are now torn between regret and stubbornly waiting for that dip to occur.

SIP investors tend to be immune to such impulses. Whether the markets rise or fall, the SIPs continue, simply because they are automatic and it takes some effort to stop them.

Sooner or later, as the markets go through their usual cycles, pushing up the value of investments, SIP investors start making good money. This teaches them the value of continuing with their SIPs in response to market conditions.

This is the beginning of a virtuous cycle, creating a new generation of investors who understand the value of regular investing.

The combined impact of the maths and psychology is amazing. Here are some numbers from a little experiment that I quoted earlier. I selected four equity funds that are old enough and calculated what would have happened if an in vestor continued investing a small SIP amount of Rs. 5,000 in these each month for 20 years.

The four funds yielded Rs. 1.29 crore, Rs. 1.85 crore, Rs. 1.21 crore and Rs.  2.05 crore respectively.

Keep in mind, that the total investment made in each case was a mere Rs. 12 lakh .

However, it's very easy to sabotage this, and that's exactly what many mutual funds are actively trying to do. They are promoting the idea that a plain and simple SIP is not good enough and that investors must do something more.

They suggest adding various embellishments to the SIP to make it better.
Generally speaking, these `enhanced' (in reality, degraded) SIPs engage in a form of market timing by modulating the investment based on market conditions.

These tricks are offered by many asset management companies (AMC) and even some distributors. One common trick is to increase or / decrease the SIP based on index levels or valuation of the markets.

Another tactic is to have an SIP, which flows into a debt fund when the market conditions are supposedly more suitable for such funds. At a later such funds.

At a later date, based on a predetermined set of rules, the money flow is shifted from the debt fund to an equity fund. There are other plans that vary the date of the investment based on similar rules.
 Mr. Dhirendra Kumar,

Each of these is offered by an AMC or distributor to enhance returns. They are sold by showing the investor some sort of a back calculation to prove that it's a superior way of investing. However, they miss the point entirely.

The real value of SIPs lies in the simplicity they bring to the table, and the handoff approach that they teach the investor. The message behind these supposedly enhanced SIPs is exactly the opposite.

They promote the idea that investing in mutual funds is a complex activity that requires constant attention and adjustment.

The only adjustment that one should make to an SIP is to increase the amount of the monthly investments as their income increases.

That's a natural increase, and the only one that makes sense. An SIP is a wonderful investment technique, which is based on the principle of keeping things simple.Avoiding complexity is an important goal, and one that you, as an investor, should never lose sight of.


Filed your Income tax Return? Do not forget to verify it..!

Filed your Income tax Return? Do not forget to verify it..!


Filing your tax return is not enough. You also need to verify it to complete the process.

Here's how to do it.

Though the tax filing deadline is still a week away, many taxpayers have al ready filed their returns. However, many of them have not completed the entire process.

After filing the tax return, the taxpayer also needs to verify the return. If this is not done within the stipulated time, the return will be deemed invalid and the taxpayer will have to file it again.

Taxpayers who e-file have the option to e-verify their returns.This can be done at the time of uploading or even after uploading.

They also have the option to take the physical route by sending the signed verification to the Centralised Processing Centre (CPC) at Bengaluru.



Can be used only if the Aadhaar is linked to your registered mobile number. An OTP is sent to your mobile number. Enter the OTP and click on submit to verify the return.


If gross income after deductions is below Rs. 5 lakh and or the refund or demand is less than Rs. 100, the taxpayer can e-verify using an OTP from the tax department's e-filing portal.

This OTP is sent to mobile phone and e-mail.


Log in to Netbanking and click on tax filing to go to e-filing website.
Then generate the EVC. An EVC will be sent to your email and mobile number. Use it to verify return.


Taxpayer must first pre-validate his bank account using the profile settings of the e-filing account.

Possible only if PAN and name match with bank records. Enter the registered mobile number.After it is validated by the bank, generate EVC. Only 12 banks offer this facility.


Similar to the val idation using the bank account.

Taxpayer must first validate his demat account.

Once validated by the depository, generate the EVC.

If you are not able to e-verify your return because of any reason or are not comfortable with e-verification procedures, download the ITR-V (also known as the acknowledgement receipt), sign it and send it to CPC at the following address:

CPC, Post Box No 1,
Electronic City Post Office,
Bangalore - 560100, Karnataka, India.

Here are a few things to keep in mind when you do so.

The ITR-V should reach the CPC within 120 days from the date of e-fil ing the return.

Sign in blue ink and send via ordinary post or speed post. Do not use a courier to send the ITR-V.

ITR-V is auto-generated and is emailed to you after you successfully uploade-file your income tax return.

It can also be downloaded from the e-filing website under the 'View ReturnsForm' on the 'Dashboard'.

You are not required to send any supporting document along with the ITR-V. Just send the one page signed ITR-V.

When your ITR-V is received at the CPC, you will receive an email and an SMS alert. Processing of your return will only start after verification.


HUFs and individuals using ITR 3 for the financial year 2016-17 (ITR 4 for 2015-16) to file their tax returns and whose accounts are required to be audited under section 44AB have to mandatorily verify their returns using the digital signature certificates.

Returns filed using the digital signature method are not required to be verified further.


Though fully taxable, some interest often gets ignored when filing returns, says  PRAGATI KAPOOR

Customers seeking lockers in a bank are often pushed to invest in FDs. The income from these deposits often goes unnoticed by the investor.
In most cases, the fixed deposit is linked to the locker and the interest earned is adjusted against the annual locker rent. If the fixed deposit is cumulative, there is no periodic interest entry in the savings account.

As a result, the taxpayer forgets to include this inter est even though it is fully taxable.


The year 2016-17 witnessed several public issues, many of which were oversubscribed. Oversubscription means that a large number of appli cants get partial allotment and the balance application money is refund ed to them with interest.

Since this interest is not a very large sum, it is often overlooked by individuals. How ever, this interest has to be included in the tax return.


Some power and telecom companies ask subscribers to make a one-time security deposit at the time of apply ing for a connection. Many suppliers pay interest on these deposits to the subscribers.

Mostly, the interest is adjusted in the last bill of the finan cial year instead of being actually paid out. This interest is also fully taxable and has to be reported.


NSCs offer cumulative interest which is paid on maturity after five years.

The interest earned every year is reinvested and therefore qualifies for deduction under Section 80C. Howev er, interest accrued on the NSC in the last year is paid on maturity and not reinvested. So, it cannot be claimed as a deduction.


Interest on the PPF is tax free, but has to be declared as `Income claimed exempt from tax' on an year ly basis in one's tax returns.


Axis Mutual Fund - Axis Equity Advantage Fund Series 2 NFO

Axis Mutual Fund  - Axis Equity Advantage Fund Series 2 - NFO

Axis Mutual Fund has launched Axis Equity Advantage Fund Series 2 - NFO

The scheme will invest in a diversified portfolio of equity and equity related instruments.

The minimum investment is Rs. 5,000.

The scheme closes on 28 July, 2017.

NSE’s NIFTY 10000 - Time taken to achieve 1000 level milestones

NSE’s NIFTY 10000 -
Time taken to achieve 1000 level milestones

From its base value of 1000 in November 1995, the NIFTY 50 reached the 2000 mark in December 2004, taking 9.1 years to double.

Thereafter, the journey of NIFTY 50 was swift wherein it reached the 6000 mark in only 2.9 years.

It took another  6.4 years to reach the 7000 mark in May 2014 from 6000 in December 2007.

The 9000 level was achieved in March 2017 which was relatively faster from 7000 level taking only 2.8 years.
For Larger Click on Image 

The flagship index ‘NIFTY 50’ hit the 10,000 mark on July 25, 2017 taking only 4.3 months to move from 9000 to10000.

Performance of NIFTY 50 & India GDP Growth Rate..!

 Performance of NIFTY 50 & India GDP Growth Rate..!

NIFTY 50 & GDP growth rate

Growth rate of India’s GDP is fairly captured in the growth story of NIFTY 50. Over the years, In-dia has been one of the fastest growing large economies of the world which is also reflected in the rise of NIFTY 50 Index.

NIFTY 50 values as on financial year end & on days of reaching multiples of 1000 levels and GDP growth rate for respective financial year.

Beginning FY 2003-04, Indian economy was in a boom phase driven mainly by investments until it was disrupted by the global financial crisis of 2008. 

Large fiscal stimulus helped spur the growth process and so India began to recover much before most economies of the world.
For Larger Click on Image 
Recovery had been hampered by temporary shock in  2016-2017, while since beginning of 2017-18, market has picked momentum primarily on back of introduction of GST & many other reforms introduced by the Government of India (GIO).

The 10000 milestone that  NIFTY 50 has reached is a faithful representation of India’s growth prospects.

NIFTY 50 Terminology - Share Market

NIFTY 50 Terminology - Share Market

NIFTY 50 is a broad based index consisting of 50 large and liquid companies listed on National Stock Exchange of India (NSE).

NIFTY 50 is the benchmark index of India, reflecting the overall conditions of Indian equity market as well as Indian economy.

Over the years, NIFTY 50 has be-come the most widely used benchmark for exchange traded products in Indian equity market.

Rakesh Jhunjhunwala, the Warren Buffet of India- His journey from Rs. 5,000 to Rs. 8,000 Crore

“Mr. Rakesh Jhunjhunwala, the name that needs no introduction. The legendary investor who is known as the Warren Buffet of India". 

Let us check out the success story of Rakesh Jhunjhunwala and his journey from Rs. 5,000 to Rs. 8,000 Crore.

Mr. Rakesh Jhunjhunwala was born on 5th July 1960. His father was an Income tax officer. His father was interested in stocks and used to discuss the stock market with his friends. 

Mr. Rakesh as a child would listen to them. Once he asked his father why the price fluctuate. He told him to check the news, it makes the price to fluctuates. This was his first lesson of stocks market. 

He got fascinated by stocks and found it interesting. He expressed his wish to get into the stock market to his father. He told him to do whatever he wanted in life but at least get professionally qualified. Rakesh then took up chartered accountancy and completed his CA in 1985.

After completing the CA he told his father that he wanted to go in the stock market. His father reacted by telling not to ask him or any of his friends for money. Earn and trade with your money. 

He started his career in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs. 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs. 143 which he had purchased for Rs. 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20–2.5 million. 

His first major successful bet was iron mining company Sesa Goa (now Sesa Sterlite).

 He bought 4,00,000 shares of Sesa Goa in forward trading, worth Rs 10 million and sold about 2-250,000 shares at Rs. 60–65 and another 1,00,000 at Rs. 150–175. The price rose to Rs. 2,200 and he sold some shares.

Mr. Jhunjhunwala bought 6 crore shares of Titan in 2002-03 at an average price of about Rs. 3. The stock is currently trading at 390 Rs level and his investment value is now Rs. 2,100 crore, which made around 35 lac per hour for him. 
In 2006 he bought Lupin about 150 Rs which is now trading at 1100 levels. He bought crisil about 200-300 levels which is now at 1,800. 

Likewise, there are so many stocks in his portfolio that made huge money for him.

His philosophy

Mr. Rakesh Jhunjhunwala believes in the power of mistakes. He says it’s the mistakes that made him learn and become a better investor. he says. “If you do not believe the markets are supreme, you will never admit that it was your mistake. If you do not admit that it is your mistake, you will never learn. 

To succeed in the stock market, not only is the ability to learn from one’s mistakes vital, he says, but also to blame only oneself for it. “I don’t blame the promoters of companies. I blame myself. The promoter is what he is. I have to recognise that. He is not what I expect him to be.”

 Mr. Jhunjhunwala says what he has learnt in life is to try and earn money in trading and to invest it in stocks.

His believe in India’s Growth story

Mr. Jhunjhunwala says he is bullish on the country growth since he entered the stock market. He insists the Indian economy will grow by 9-10 percent, though that may need a transition of two to three years. 

Mr. Jhunjhunwala’s thesis is that Indians will save $1 trillion a year, and even if 10% of that money $100 billion flows into the markets, there will be a tsunami on the bourses. “So I remain bullish that, for the next 20 years, we could see a bull run like the one Wall Street had from 1987.”

Source-Economic Times.


NIFTY 50 INDEX Every 1000 point milestone from 1000 to 10000


Every 1000 point milestone 

from 1000 to 10000

As on JULY 2017

Nifty 50 Index 1000 points to 10000 land mark Dates

Nifty 50 Index

1000 points to 10000 

land mark Dates 

July 2017



10000 Points 


JULY 2017

NIFTY'S Journey 1000 Points To 10000 Points



1000 Points 

To 10000 Points 

As on JULY 2017.

Indian Real Estate - Office Projects New Favourites of Developers ..!

Indian Real Estate - Office Projects New Favourites of Developers..!

Soaring capital values, rentals and imminent REITs launch induce visible focus realignment

 by Mr. Santhosh Kumar, JLL India

For many years, most Indian developers’ portfolios were dominated by residential projects, and many dedicated only a miniscule percentage to the office asset class. Reasons for this preference included:

·         The larger investments needed in office projects for as long as the developer wanted to lease them out compared to residential projects, where regular sales generated the required cash flow.
·         Reduced office demand due to a slower economy until a few years ago
·         The relatively-easy availability of funding for residential projects thanks to investors

Given the above circumstances, developers naturally preferred residential projects over commercial. However, in the last few years as the economy picked up pace and companies went bullish on their commercial real estate demand as well as expansion plans, capital values of commercial spaces appreciated faster than residential.

As the Real Estate Regulation & Development Act (RERA) kicks in, many developers are now shifting their strategy towards building more office projects. Also, with real estate investment trusts (REITs) set to launch in India this year, developers realize that this asset class can also continue to give them better dividends in the future, and that they can capitalize on capital value appreciation when they exit.

Resultantly, the focus is changing to either having more office projects in portfolios – or, as is the case with a select few developers, change focus from residential to commercial. For example, recent media reports pointed out how a Bengaluru-based developer that had focused largely on residential projects so far is moving heavily into commercial real estate development with plans to develop Grade A office space of about 5 mn sft in the next couple of years.

Given the low office supply vis-à-vis demand in the IT and technology hubs of Bengaluru, Hyderabad and Pune, developers are finding these markets very lucrative. In Delhi-NCR too, a couple of developers who are better known for their residential projects have now ventured into commercial realty. The financial capital of Mumbai is not left behind in this trend, and several developers have shifted their sights to building and leasing out office space in order to cater to the soaring demand.

Premium developers in Mumbai’s crowded residential space have been reportedly drawing up big expansion plans to increase their office footprints. Even the largest developer (by sales) in India is planning to develop a significantly high volume of office space – apart from a retail development in Mumbai and a big warehousing/ logistics facility (factoring in the post-GST demand surge) over the next five years.

The trend is also visible by looking at the forecast office space supply through 2019 and then through 2021. At a pan-India level, total stock of the country is forecast to reach about 600 mn sft by end-2019 from 480 mn sft (as of 1Q2017). It is expected to reach about 660 mn sft through 2021. This number could see a further hike as a lot of new office projects are announced during 2017-18 and get constructed through 2021.

About the author..

Mr. Santhosh Kumar, CEO – Operations & International Director, JLL India

For media Contact


Mutual fund FREE meeting Kovai July 29 2017

Mutual fund FREE meeting 

Kovai July 29 2017

Guest Speaker Mr. A K Narayan , Investment Consulatant

A K Narayan , Investment Consultant

Time 5.30 pm to 8.30 pm 




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