FRESH JUICE with FRESHTROP FRUITS LTD....

Recommended our premium clients in Jan 2013 Rs.18

CMP Rs 70...

We are still buyers in the company.....

ENJOY!!!!!

How to draft your will online in india

Anything that doesn't exist in the virtual world today seems not only outdated but almost unreal. You can earn, shop, save, insure and invest online. And now, you can also make a will on the Web.

The launch of two e-will writing services last month, joint ventures of NSDL e-Governance Infrastructure with Mumbai-based Warmond Trustees and Executors, andHDFC Securities with Legal Jini, help complete the last leg of one's financial planning—succession planning— online. While NSDL is offering the service via a new website, EzeeWill.com, HDFC Securities's e-will service is an addition to the bouquet of online services that the firm offers.

The e-will service aims at simplifying the will writing process. "Just as online trading has made investing inequities much simpler, an ewill service makes the will writing process easier and seamless," says Aseem Dhru, MD and CEO of HDFC Securities. Since its launch, the firm has seen 600 e-will registrations and has set an annual target of one lakh.

How to draft an e-will?

To draft an e-will, the customer needs to login to the service provider's website and furnish the necessary information in the prescribed format. This information is then sent to a legal expert, who drafts the will, which is then delivered to you via an email or at your doorstep, as per your preference.

Since it is online, you can complete the entire process at your convenience—save drafts, make multiple attempts, do it from anywhere you like. However, there is a broad time frame. For instance, HDFC Securities gives you 60 days from the date of payment to fill in all the details.

Will writing requirements and laws may differ from case to case and from community to community. The e-will service providers take into account the succession act that applies to a customer's religion and community. In fact, they have specialised lawyers to take care of customers from different religious backgrounds.

Keeping in mind the changing global scenario, apart from physical assets, the e-will service allows you to mention your digital and intellectual properties as well. "The whole process takes about two weeks to complete from the date of submission of the data to Warmond," says Gokul Das, managing director, Warmond Trustees and Executors.

Once you have submitted all the information, the service provider sends you a rough draft to review. This is to ensure that interests of all concerned are covered without any ambiguities and reduces the scope for misunderstanding at a later stage. "The customer must go through the wording carefully and make sure that it reflects his/her wishes correctly," says Das.

In case there are mistakes, even in the final copy, or you want to make changes at a later date, you'll simply have to upload and resend the document to the company with your corrections and they will draft a fresh copy. However, if you misplace the original draft, you'll have to re-fill the form and repeat the whole process again.

There are a few add-on services—not mandatory—as well, such as registration of the will and appointment of an executor, that make its implementation smooth.

Is it secure?

Both the companies have a track record of handling large-scale sensitive data and assure confidentiality. "The e-will writing process is just as secure as our online trading transactions," says Dhru. "The information given by clients will be completely secure and encrypted in our databases. The information submitted by the clients will be deleted immediately once the will is delivered to the client," assures Warmond's Das.

How much does it cost?

These e-will services have been launched to promote the concept of making a will online, one can always opt for the traditional way. If you get a will made by a lawyer, however, you will incur a minimum cost of Rs 20,000. "This option is suitable for clients who require extremely complex legal assistance and would prefer a direct face-to-face interaction. Pricing for the same would vary based on the complexities that need to be addressed," says Das.

An e-will will cost you just Rs 4,000. Additional reviews are done at a nominal fee— Rs 250 per review. "Subsequent modifications will be at a discount of 40 per cent from the original pricing," says Das. If you want a hard copy delivered at your place, NDSL will charge you an additional Rs 500. However, as of now, the delivery of the hard copy is restricted to a few cities.

Make an e-will in five steps

1. Register and create a login ID

2. Pay the fee online using net banking, credit or debit cards

3. Select your category: Gender, religion, residential status—Indian or NRI—your occupation

4. Fill in all the details: Family members, assets you own, and how you wish to bequeath and distribute your assets

5. Click on submit /generate will: You'll receive a rough draft. Review it and ask for corrections, if any.

A final draft will be sent to you through an email or a hard copy will be delivered at your doorstep along with a document on guidelines on signing the will. Signing the document in the presence of witnesses will make your will legitimate.

BUY USD.....

BUY OCTOBER USD-INR 

@ 61.70- 61.60- 61.50

STOPLOSS 61.2

Impact on banks ( especially PSU)

Negative for banks (especially PSUs with higher power exposure). Though It is difficult to calculate the impact on each bank as bank’s do not provide project wise lending details, as a thumb rule, bank with higher power exposure should have a higher impact. Below table gives us the power exposure for each PSU banks.

Power as % of total exposure

UCO BANK  17-18%

ANDHRA BANK 15-16%

IDBI BANK 15-16%

ORIENTAL BANK 12-13%

VIJAYA BANK 11-12%

ALLAHABAD BANK 10-11%

BANK OF INDIA  I9-10%

SYNDICATE BANK 9-10%

UNION BANK 9-10%

INDIAN BANK 8-9%

INDIAN OVERSEAS BANK 8-9%

PUNJAB NATIONAL BANK 8-9%

STATE BANK OF INDIA 6-7%

BANK OF BARODA 4-5%

Dividend Distribution Tax(DDT)

There has been a change in the method of calculation of dividends, which will result in lowering of dividends received by the investor, though the dividends continue to remain tax-free in the hands of the investor. Earlier the AMC used to pay DDT on the income distributed net of tax. Now the AMC will have to pay tax on the total distributable income.

The formula for calculation of DDT was (x+0.2833x=1) where x represented the amount of dividend to be paid. This worked out to 0.7793 paisa dividend+0.2207 paisa DDT=1. Hence the effective rate of DDT was 22.07%. Now with the change in method of calculation this 28.33% will be charged to the total distributable income, so dividend will be 1-0.2833=0.7167

Thus, due to the change in calculation method, the investor will lose out 6.26% of their dividend income. This will be effective 01 October, 2014.

Private Equity Markets

Ratnakar Bank Ltd (RBL) has appointed four investment banks for its Rs.1,200 crore initial public offer (IPO), which is expected to hit the market before March 2015.

The bank is expected to file its documents with the market regulator as early as October.

Alibaba IPO ranks as world's biggest

Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.

Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent in its debut on Friday. .

Under the option, Alibaba agreed to sell 26.1 million additional shares and  Yahoo Inc 18.3 million, netting the two companies an extra $1.8 billion and $1.2 billion respectively.

Alibaba's Jack Ma agreed to sell an extra 2.7 million shares and company co-founder Joe Tsai agreed to sell 902,782 additional shares, according to the prospectus.

Happy Hours for Yahoo and Alibaba Investors.....

CHEERS!!!

GOLD AND SILVER>>>>

GOLD

Was asked to sell at 27600...now 26800...

 

Fall of Rs.800 (1 contract= Profit Rs 80,000)

 

Trail your stoploss to 27000...

(minimum profits booked will be Rs.60,000)

 

 

SILVER

Was asked to sell at 44100 now Rs. 40800...

 

Fall of Rs 3300 (1 contract= Profit Rs 99,000)

 

Trail you stoploss to 41100

(minimum profits booked will be Rs.90,000)

 



BOOK PROFITS

NATCO PHARMA @1500...

Once take profits of Rs 335.

Recommended on 26th August @1165

US interest rate changes

What can happen if the US interest rate goes up?


From the US perspective:

I. If US interest rate go up, it is usually seen bonds with the lowest coupons and longest maturities will most certainly decline in value. These bonds are most susceptible to price declines, as the principal won't be repaid for a long time and the low coupon does little to offset the rise in rates.

II. Higher yields will push up long-term borrowing cost for U.S. consumers and businesses. Mortgage rates will rise.

III. One should also think from the perspective of interest repayments on the national debt the US will have to make if they raise the interest rate and how in turn it can affect the growth of the economy.

IV. Usually it has been seen that investors in shares and bonds don’t like it when interest rates are raised. It increases the attractiveness of government bonds and suppresses demand for corporate stocks and bonds. In addition, a return to rising interest rates could hurt a number of publicly-traded companies and affect their ability to borrow money and increase their financing costs.

V. Rising rates would particularly hurt highly-leveraged companies that rely on regular credit and could also harm the real estate sector, including developers and construction firms. But not all companies are created equal. Just as increased interest rates hurt businesses that rely on credit, it could help companies that provide credit, first and foremost the banks.

 From the Global perspective:

I. It can lead to capital outflows from emerging markets and in turn put pressure on emerging market currencies. So, it can lead to rupee depreciation.

II. Unhedged dollar liability by the corporates in the emerging markets can increase due to increase in LIBOR rates and also due to possible depreciation in their respective currencies.

III. US Dollar being the global currency as well as a currency with low borrowing cost (interest rates), global fund managers have borrowed in the US Dollar to invest overseas. Incase interest rate rises in the US, and the US Dollar prices move higher, it will be unremunerated for the money managers to borrow further in Dollar to invest overseas. This reduction in demand for borrowing is known as the reversal of carry trade.

A Behemoth of an IPO

Alibaba has increased its price range to make the offering at $25bln, its market cap on listing is likely to be $250bln.

And, what an investment for Yahoo!  just 9 years back Yahoo! had put in 1 billion dollars to Jack Ma for Alibaba startup.

Yahoo!s stake 40%. On IPO it shall be making a clear $60bln and know what......Yahoo! own market cap is $41bln

They are making more than their entire companys market capitalisation.

Now, that's an investment. 

Cheers!!!!!

MONEY MAKING MONDAY

GIVEN A MONEY MAKING IDEA TO OUR SUBSCRIBERS

ENJOY!!!!

UPDATE

TRAIL YOUR STOPLOSS

Lupin to 1350

Gold to 27450

Silver 41850

60% Return

Snowman listing @ Rs 75.... 

Gold,Silver, falling.....

Enjoyed Lupin and Biocon?

(emailed the next round of strategy to our subscribers)

MELTING>>>>

GOLD MELTING......

SILVER MELTING......

TRAIL YOUR STOP LOSS TO 27800 AND 42000 RESPECTIVELY....

HOLD ONTO THE SHORTS

GOLDEN TOUCH

Sell Mcx Gold December contract

@27600-27750

Target: 27200-26800-26300

Stoploss: 27950 (close basis)

(RS.1 MOVE= RS 100 PROFITS)

UPDATE

We recommended to Sell Mcx Silver @ Rs.44100 on 7th Aug....

Cmp Rs.41800

Fall of Rs 2300  (Rs. 1 Fall = Rs 30 profits)

Trail your Stoploss to Rs.42400 and hold the shorts...

OUR NEXT TARGETS ARE: 41500-41100-40600

Enjoying the ride of lupin and biocon?

Trail your stoploss to 1309 and 498 respectively..

GANESHA'S BLESSING

GIFT BY GANESHA

GIFT GIVEN BY GANESHA TODAY WHICH IS SPECIALLY FOR YOU. BUY TRANSPORT CORPORATION OF INDIA LTD- 532349 CMP- 215 BUY AND HOLD TILL RS 400

ITS A PHARMA WAVE.....

Buy Lupin (cmp 1300) sell at Rs.1800

Buy Biocon (cmp 485) sell at Rs.750

Our Subscribers holding Novartis ltd and Natco Pharma ltd..... 

See the prices today.....

ENJOYING??????