Recent Posts

31

Indian Economy, Macro, RBI Policies / Cost Inflation Index - Long Term Capital Gain

« Last post by resh on September 16, 2021, 08:57:04 AM »

Here is the Historical Cost Inflation Index - CII to calculate Long Term Capital Gains - LTCG under the Indian Income Tax Act.

Financial Year 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

Cost Inflation Index 100 105 109 113 117 122 129 137 148 167 184 200 220 240 254 264 272 280 289 301 317

Inflation in %ge - 5.000 3.810 3.670 3.540 4.274 5.738 6.202 8.029 12.838 10.180 8.696 10.000 9.091 5.833 3.937 3.030 2.941 3.214 4.152 5.316

The 20 Year Average Inflation in India is 5.97%

32

India Stocks and Shares / Rare Equity Pvt Ltd - Rakesh Jhunjhunwala Company

« Last post by resh on September 14, 2021, 02:28:39 PM »

Rakesh Jhunjhunwala has his Equity investments in his name and the Partnership Firm's Name as detailed here.

He also has a company Rare Equity Pvt Ltd. The earlier name of this company is Marganta Textiles Pvt Ltd which was acquired and name changed to Rare Equity in the year 2009.

This entity has a subsidiary Rare Worldwide Holdings PTE LTD registered in Mauritius (Tax Heaven of Billionaires) with address as follows - Les Cascades Building, Edith Cavell Street, Port Louis, Mauritius.
and the Share Capital of Mauritius entity is Rs 22 Crore.

What was the Net Profit of Rare Equity Pvt Ltd ?
For FY 2019-20, the Net Profit was Rs 4.9 Core.

Hillcroft Investment Company Pvt Ltd and Clue Leasing and Finance Company Pvt Ltd were merged into Rare Equity Pvt Ltd in 2019 led by Mr. Rakesh R. Jhunjhunwala.

33

Mutual Funds in India / HDFC AMC Manager Remeuneration 2020-21

« Last post by resh on September 07, 2021, 12:41:04 PM »

Here is the Salary / Remuneration of HDFC Mutual Fund Managers & Executives in FY 2020-21

ABHISHEK PODDAR   Senior Equity Analyst   117.12
ALOK SHEOPURKAR   Head - Human Resources   132.32
AMIT BHUPENDRA GANATRA   Senior Fund Manager   175.69
AMIT DOSHI   Deputy Vice President - Mumbai - Retail   58.76
AMIT SINHA   Senior Equity Analyst   81.88
ANAND A. LADDHA   Senior Equity Analyst   102.21
ANIL BAMBOLI   Senior Fund Manager   233.23
ANUPAM JOSHI   Fund Manager - Fixed Income   173.88
ASHOK KANAWALA   Vice President - Products and Distributor Alliances   104.91
BHAVYESH M DIVECHA   Credit Analyst   52.62
CHIRAG SETALVAD   Senior Fund Manager   342.64
DIPALI SHETH   Chief Manager - Secretarial   41.2
G SRIKANTH   Vice President and Zonal Head - South   110.1
GOPAL LAXMINARAYAN AGRAWAL   Senior Fund Manager   148.48
JASMIN MEHTA   Vice President and Zonal Head - West   106.36
KIRAN KAUSHIK   Head - Sales   96.73
KRISHAN KUMAR DAGA   Senior Fund Manager   145.31
MANISH SHAH   Deputy Vice President - Equities   111.58
MILIND BARVE   Managing Director   643.92
MUDEITA PATRAO   Senior Vice President and Head - Digitization   127.22
NAVEEN GOGIA   Co - Head - Sales & Distribution   182.08
NAVNEET MUNOT   Managing Director and Chief Executive Officer   325.31
PIYUSH SURANA   Chief Financial Officer   150.94
PRASHANT JAIN   Executive Director & Chief Investment Officer   690.06
PRAVEEN JAIN   Credit Analyst and Fixed Income Dealer   86.98
R. K. TRIVEDI   Vice President and Zonal Head - Corporate Sales   75.93
RAJIV MANIAR   Co - Head - Sales & Distribution   174.81
RAKESH SETHIA   Senior Equity Analyst   90.63
RAKESH VYAS   Fund Manager - Equities & Senior Equity Analyst   125.65
SANKALP BAID   Macroeconomic Analyst and Fund Manager for Overseas Investments   51.22
SAURABH PATWA   Chief Manager - Investment Process Control, Equity Analyst & Equity Dealer (Back-up)   64.32
SAURABH SHYAM   Chief Manager - Human Resources   33.44
SHAILESH BANTWAL   Vice President - Corporate Client Services   73.16
SHOBHIT MEHROTRA   Senior Fund Manager & Head of Credit   235.19
SHYAMALI BASU   Head - Products & Marketing   119.65
SIMAL KANUGA   Head - PMS Sales & New Initiatives and Chief Investor Relations Officer (AMC)   179.42
SRINIVASAN RAMAMURTHY   Portfolio Manager - Client Funds   44.76
SUPRIYA HEMANT SAPRE   Chief Compliance Officer   153.26
V SURESH BABU   Head - Operations   167.49
VARIKKAVELIL JOHN MATHEW   Head - Corporate Client Services   158.26
VIKASH AGARWAL   Dealer - Fixed Income   85
VINAY KULKARNI   Senior Portfolio Manager- Client Funds   83.93

You can also check out HDFC Mutual Fund Managers Pay for the FY 2019-20 here

34

Mutual Funds in India / HDFC AMC Executives / Managers Salary 2019-20

« Last post by resh on September 07, 2021, 12:35:02 PM »

Here is the Remuneration of HDFC Mutual Fund AMC Top Executives and Fund Managers Salary for FY 2019-20

ABHISHEK PODDAR #   Senior Equity Analyst   103.25
ALOK SHEOPURKAR *   Executive Vice President   123.26
AMAR KALKUNDRIKAR   Portfolio Manager - Client Funds   104.6
AMIT DOSHI   Associate Vice President and Deputy Zonal Head - Mumbai - Retail   59.06
ANIL BAMBOLI *   Senior Fund Manager   196.18
ANISH CHOPRA   Associate Vice President - Sales   51.95
ANUPAM JOSHI   Fund Manager - Fixed Income   156.33
ARVIND BHARGAVA   Joint Assistant Vice President - Sales   37.18
ASHOK KANAWALA   Vice President - Products & Business Development   91.62
BHAVYESH M DIVECHA   Credit Analyst   51.52
CHIRAG SETALVAD *   Senior Fund Manager   309.14
DILRAJ SINGH VILKHU   Assistant Vice President - Sales   40.88
DIPALI SHETH   Chief Manager - Secretarial   40.36
DISHA DHOTRE *   Senior Manager   44.35
G SRIKANTH *   Vice President and Zonal Head - South   94.98
JASMIN MEHTA   Vice President and Zonal Head - West   92.69
KIRAN KAUSHIK   Executive Vice President   121.91
KRISHAN KUMAR DAGA   Senior Fund Manager   132.34
MANISH SHAH   Deputy Vice President - Equities   103.07
MIHIR SHAH   Joint Assistant Vice President - Training   32.2
MILIND BARVE *   Managing Director   645.06
MITEN LATHIA   Fund Manager - Equities & Senior Equity Analyst   109.14
MUDEITA PATRAO   Senior Vice President and Head - Digitization   120.75
NAVEEN GOGIA   Senior Vice President and Head - Sales (North & West)   154.65
PIYUSH SURANA   Executive Vice President   133.22
PRASHANT JAIN *   Executive Director & Chief Investment Officer   619.17
PRAVEEN JAIN   Credit Analyst and Fixed Income Dealer   80.59
R ARAVIND   Joint Assistant Vice President - Sales   44.29
R. K. TRIVEDI   Vice President and Zonal Head - Corporate Sales   74.25
RAJIV MANIAR   Senior Vice President and Head - Sales (East & South)   125.09
RAKESH VYAS   Fund Manager - Equities & Senior Equity Analyst   116.76
RAMKUMAR K. M.   Associate Vice President - Products & Business Development   45.1
RAVIPRAKASH PADIYAR   Joint Assistant Vice President - Sales   34.3
SANDEEP SRIVASTAVA *   Joint Assistant Vice President - Sales   28.37
SANTOSH DEVADIGA *   Chief Manager - Risk Management   43.93
SATISH JAIN #   Senior Portfolio Manager - Client Funds   45.51
SHOBHIT MEHROTRA *   Senior Fund Manager & Head of Credit   199.97
SHREYAS RAJAN NAIR   Joint Assistant Vice President - Sales   34.91
SHYAMALI BASU   Senior Vice President and Head - Products & Marketing   101.88
SIMAL KANUGA   Head - PMS Sales & New Initiatives and Chief Investor Relations Officer (AMC)   154.25
SRINIVAS RAO RAVURI #   Senior Fund Manager   23.49
SUPRIYA HEMANT SAPRE #   Executive Vice President   72.35
V SURESH BABU   Executive Vice President   146.66
VARIKKAVELIL JOHN MATHEW   Executive Vice President   140.59
VINAY KULKARNI   Senior Fund Manager   136.84
YEZDI KHARIWALA   Executive Vice President   144.56

You can check out the HDFC AMC Fund Manager's Pay for FY 2018-19 here.

35

India Stocks and Shares / Re: Rakesh Jhunjhunwala - RaRe Enterprises - Company LLP

« Last post by resh on September 02, 2021, 11:29:17 PM »

RaRe Investments is a Partnership Firm of Billionaire Rakesh Jhunjhunwala and Family members with PAN Number AAHFR8059H.

Jhunjhunwala Rakesh Radheshyam PAN Number is ACPPJ9449M

Jhunjhunwala Rekha Rakesh PAN Number is AAEPJ2191B

36

India Stocks and Shares / Rakesh Jhunjhunwala - RaRe Enterprises - Company LLP

« Last post by resh on September 02, 2021, 11:17:41 PM »

With the SENSEX Touching New High Every Day, Many Indians are dreaming of Setting up investment Companies. They are in quest to find out if Rakesh Jhunjhunwala promoted RaRe Enterprises is a Private Limited Company or a LLP so that they can setup a similar entity and begin trading.

Well, RaRe Enterprises is a Partnership Firm with Rakesh Jhunjhunwala & Rekha Jhunjhunwala as Partners according to some trust worthy documents. In those documents we also found out that the PAN Number of this entity as AAEFR8176J.

Now Decoding this PAN Number the 4th Place "F" stands for Firm and the 5th Place "R" stands for the name of the firm.

Partnership Firm for Investments & Trading in Indian Stocks
You hold all your Trading - Future & Options Positions in the name of the Firm, becomes easy for Book Keeping, Taxation as Well. No Regulatory (SEBI, RBI, MCA etc) Compliance headache which will come into picture if you form a Pvt Ltd or LLP etc

Investments to be held in your own name.

37

Indian Economy, Macro, RBI Policies / Historical Interest Rates - Senior Citizens Savings Scheme

« Last post by resh on August 31, 2021, 03:55:19 PM »

Here is the Historical Interest Rates of Senior Citizens Savings Scheme which is a scheme mostly provided by PSU / Government Owned Banks where a Sr Citizen can invest upto Rs 15 Lakh for a period of 5 Years.

02-08-2004 to 31-03-2012    9.0
01-04-2012 to 31-03-2013    9.30
01-04-2013 to 31-03-2015    9.20
01-04-2015 31-03-2016    9.30
1.4.2016 to 30.9.2016    8.60
1.10.2016 to 31.3.2017    8.50
1.4.2017 to 30.6.2017    8.40
1.7.2017 to 30.9.2018    8.30
1.10.2018 to 30.6.2019    8.70
1.07.2019 to 31.03.2020    8.60
1.4.2020 to 30.09.2021    7.40

38

IPOs and Rights Issues / Zomato - IPO - Review + Recommendation

« Last post by resh on July 12, 2021, 08:42:20 AM »

Zomato is Loss Making and Far from profitability. We believe that we will get it at a Discount Post-IPO and hence AVOIDING investment in Zomato IPO.

Views of Edelweiss Capital,
While we concur with management on the opportunity size, we believe network effect in the food delivery space is not the strongest. Hence, execution excellence would be key to long-term value creation. At its upper band, the company is valued at USD7bn pre-money, which is a 30% premium to the last funding round by Vulture Capitalists.

While growth remains strong, valuation at 19.7x FY22E and 13x FY23E price to sales at the higher end of the price band is certainly not cheap. Global peers trade at 2–10x price to sales.

Motilal Oswal Analyst Sneha Poddar said,
The valuation also appears expensive at 25x FY21 EV/Sales compared to average of 9.6x for global peers and 11.6x for Indian QSRs. Though, valuing such early stage businesses on plain vanilla financial matrix might not give the right picture and may look distorted. Investors with high risk appetite can Subscribe for Listing Gains given fancy for unique and first of its kind listing in the food delivery business.

Vikas Jain of Reliance Research said,
Given average MAU of 61mn (Zomato + Swiggy) for online food delivery services in total internet users population of >624mn, we believe online food deliver industry can potentially see sustain double-digit growth in the coming years. Therefore, considering huge
scalability in business, duopoly market and asset light business model, we recommend SUBSCRIBE to this IPO from long-term perspective.

Kotak Securities Analyst Sumit Pokharna has NOT GIVEN RATING to IPO.

39

Sensex and Nifty Company Analysis / NIFTY EPS for FY 2022 + FY 2023

« Last post by resh on June 25, 2021, 01:56:37 PM »

According to Motilal Oswal,

Nifty EPS for FY22E/FY23E was revised 2.6%/1.4% higher to INR746/INR872 (INR726 / INR861 earlier), entirely led by Metal companies. The latter has seen earnings upgrade of 77%/41% for FY22E/FY23E. Excluding Metals, Nifty earnings would have seen cuts of 2.2%/0.4%.

Nifty EPS has grown by 14.2% in FY21, led by: a) better-than-expected pace of normalization post Covid 1.0 unlock b) sharp recovery in cyclicals like Metals, and Cement. NIFTY EPS for FY 2021 was Rs 539

40

SmallCap Stocks India / Top Share Holders in Adani Green Energy Ltd

« Last post by resh on June 14, 2021, 09:07:33 PM »

Top Share Holders in Adani Green Energy Ltd as on 31-Mar-2021

None of the Top Mutual Funds like Nippon India, HDFC, ICICI etc are seen here. So it is mostly Stock Market Operators who are rigging the price and SEBI is Sleeping

Albula investment fund ltd   19308613   1.23%
Apms investment fund limited   36616755   2.34%
asia investment corporation (mauritius) ltd   38061933   2.43
elara india opportunities fund limited   36500438   2.33
lts investment fund ltd   26288534   1.68   
universal trade and investments limited   256559285   16.4%              
vespera fund limited   20924399   1.34