Is Indian Market Rallied Due To "Modinomics"?

We all know that Indian markets have rallied around 50% in the last 3 years. Great!!. As an Indian investor and market enthusiast, I love to see my investments generate returns and I want the rally to be continued to the predicted figure of 100,000 Sensex. But I was taken aback by an article published in moneycontrol giving all credit to PM Mr. Modiji on the 55 stocks which rallied more than 10 times in the last 3 years. I did a retrospective analysis on the global market and below are the results. As we know "picture speaks a thousand words", my readers can decide whether it was a Modi Rally or India was just part of a global bull market rally.

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Economy Looks Brighter on Strong Macros: Prakash Chawla

India’s macro picture drawn on the canvas of leading economic indicators, including those affecting day-to-day life of a common household, looks far brighter and importantly more focussed than it was three years back when Narendra Modi took over as the Prime Minister, riding on his personal popularity and connect with the people.

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7 Reasons For You to Start CryptoCurrency Investment

I covered Bitcoin in this blog for the first time in Feb 2017, nearly 3 months back and hinted about  potential investment opportunities around crypto currencies, especially Bitcoin. It was trading around INR 60,000. Since then it has more than doubled and now trading at INR 130,000. I have been doing a bit of research during the last 3 months and the techie in me is compelling me to put some small amount, an amount that I can afford to lose, in Bitcoin. In the last 3 months, many positive developments happened around Bitcoins as detailed below.  These points are just a starting reference for the readers to see CryptoCurrency as an alternative way of investment. Keep in mind that India is yet to legalize Bitcoin trading or investment.

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LIC is Betting on These Five Stocks

In the last post I discussed about the top 25 stock holdings of LIC. In this post, I am discussing 5 stocks in which LIC has increased its holdings considerably in the last quarter. Though LIC has bought many stocks I have handpicked below 5 considering that fact that these are fundamentally strong companies with consistent growth opportunities.

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LIC Portfolio: Top 25 Stock Holdings of LIC

LIC holds nearly 340 stocks worth 464,250 crores. Below given are the top 25 holdings of LIC. Conservative investors who are yet to begin their investment career can simply invest in below stocks in SIP mode as all of these stocks are fundamentally strong stocks and backed up by foreign and domestic institutions.

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Promoters of This 5 Small Caps Increased Their Stakes

Below five small cap company promoters have increased their stake. I will do a review of the stock price after 1 year. These stocks are fundamentally strong stocks. Though, these are not recommendation to buy, readers can consider this post as an initial point for further analysis. Disclosure: Invested in Bhansali Engineering Polymers@Rs.40

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Look at Integrated Transport & Logistics Sector

India Integrated Transport & Logistics Summit (IITLS) 2017 was organised by the Ministry of Road Transport, Highways& Shipping and National Highways Authority of India in collaboration with Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry (FICCI) from 3rd to 5th May, 2017 at Vigyan Bhawan, New Delhi. The Minister of Road Transport and Highways Shri Nitin Gadkari inaugurated the three day Summit. The outcome of the summit was fruitful with the signing of 32 MoUs worth 2 lakh crore investment in Integrated Transport & Logistics Sector in coming years

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Value Quest India Moat Fund Portfolio 2017

Value Quest India Moat Fund Portfolio is one among the most followed portfolios in Indian stock market. Lets have a look at the team behind Value Quest India Moat Fund and its current portfolio. Value Quest India Moat Fund had few great value picks like Cera Sanitary, Eicher Motors, but now having a concentrated portfolio of less than 10 stocks mentioned below.

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How to Link Aadhaar to Pan Card In 3 Steps

Linking Adhar with Pan Card was a nightmare for citizens who have name differences in Pan Card and Aadhar. The process has been simplified and can be done via income tax website in just below 3 easy steps. Below screenshots say it all!!. Kindly note that this is mandatory for this year tax filing. So I request all fellow readers to link Aadhar with Pan Card as mentioned below

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Ashish Kacholia Scooped Up 25 Lakh Shares of Time Technoplast

As per the NSE bulk data for 3rd May 2017, our master portfolio member Ashish Kacholia has bought 25 lakhs of Time Technoplast from AMERICAN FUNDS INS SERIES GLOBAL SMALL CAPITALIZATION FUND, which is holding 5.26% percent of the company. AMERICAN FUNDS INS SERIES GLOBAL SMALL CAPITALIZATION FUND sold 55 lakh shares at 115.12 and the same was bought by Ashish Kacholia and R.B.A.FINANCE.

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The LULU Man M A Yusuffali Made a Killer Out of Federal Bank

M A Yusuff Ali does not need an introduction to business world. According to August 2016 data of Forbes, he is the 24th wealthiest Indian and the 270th richest in the world, with a personal wealth of $4.3 billion. But his Indian stock market investments might need a little bit of introduction as many of us would not be fully aware of his investments in listed and unlisted companies in India. In this post we are trying to peep into some of his investments from publically available data points. 

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Rakesh Jhunjhunwala Latest Portfolio 2017

Rakesh Jhunjhunwala, the pied piper of the Indian stock markets, started his investment career with an initial investment of Rs.5000 in 1985, when is age was 25 and BSE Sensex was at just at 150. He made his first break through in 1986 when he sold out 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 had earned Rs 20–25 million. His first major successful bet was iron mining company Sesa Goa.
Rakesh Jhunjhunwala

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Ashish Dhawan Latest Portfolio 2017

We are adding one more well known investor in our Master's Portfolio session - Mr. Ashish Dhawan, the former director of ChrysCapital,  a portfolio management company which manages $2.5 billion across six funds. Dhawan is one of India's earliest and well-known private equity investors, starting ChrysCapital before he turned 30. Over the last 20 years, he has grown into his role as one the country's top investors. In 2011, Ashish Dhawan quit ChrysCapital and took to something that he had always been passionate about, philanthropy and teaching, and started Central Square Foundation and co-founded Ashoka University in Haryana.

Founder and CEO of Central Square Foundation

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Vijay Kedia Latest Portfolio 2017

Vijay Kedia - MD of Kedia Securities, who forsees Sensex at 100,000 in 2020, is an admirable investor in Indian stock market. He is holding a whopping 2.5 lakhs shares of Cera Sanitary Wares. His biggest success story so far is Atul Auto where he bagged 5700% returns in 9 years, which means his money has compounded at an dazzling CAGR of around 57%


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Ashish Kacholia Latest Portfolio 2017

Ashish Kacholia of Lucky Securities is a darling of many of the value investors in stock market. He started his career with Prime Securities and later on moved to Edelweiss Capital. In Prime Securities he was on the research desk, researching stocks for the company's portfolio and he used to visit a lot of companies and create financial models. His focus was on small cap stocks, which they were expecting to grow much bigger and strategy work for bull market days. 

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Alchemy Capital Management PMS Review 2017

Alchemy Capital Management is one of the most reputed names in Indian portfolio management. In this post we are trying out to bring the people behind it, its client split and last 15 months monthly returns.

Founders and Portfolio Managers

Lashit Sanghvi

 Lashit’s journey with Alchemy began when he co-founded Alchemy Equity Research & Securities in 1992 and Alchemy Share & Stock Broking Pvt Ltd. He has over 20 years of experience and has featured in CNBC’s “Wizards of Dalal Street”, a showcase of India’s most successful investors. His area of expertise also involves evaluation of Private Equity investment opportunities and development of systems for dealing function and back office.

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Equity Intelligence PMS Review

Equity Intelligence was incorporated in 2002. Born with strong value-picking genes, the company has since grown into one of the leading portfolio managers in India. The company has strong clientele from various income classes from India and abroad. From a humble beginning,  now Equity Intelligence manages the portfolios of many leading businessmen, successful professionals, NRIs and even ordinary people.

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Porinju Veliyath Latest Stock Portfolio April 2017

A planter and patriot first, Porinju Veliyath has become a worth looking portfolio manager in Indian stock market investing arena. Through his company named  Equity Intelligence, he has been running a portfolio management scheme (PMS) out of Cochin, in Kerala, starting from 2002.

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Portfolio Management Service: 22 Things You Should Be Aware

Portfolio Management Service is gaining momentum during this bull market phase. It is coupled with the effect of dull real estate market and gold. Here  I am trying to collate the most common questions that comes to investors planning for PMS. 

1. What is Portfolio Management Service?

Portfolio Management Service is a professional service offered to wealthy investors to meet their investments objectives. The Investment solutions provided by PMS cater to a niche segment of elite customers. The clients are normally Individuals or Institutions entities with high net worth. Data from the Securities and Exchange Board of India (Sebi) shows that there are nearly 1880registered portfolio managers at present, down from 267 in 2012. But barely 100 firms would be active, with a large chunk of the business being concentrated in the hands of the top 8-12 fund managers. 90% of total AUM is concentrated in the hands of top 10-15 fund managers.

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Allu Arjun's Stock Pick- A Bumper Hit Awaiting?

We have not read too many stories about Indian film stars who heavily invest in stock market. Most of them take the normal route of mutual funds investment or PMS services. Amitab Bachan was an exception to this. In-fact his experiment with direct stock market investment has given a mixed response. He had few block-blusters hits like just dial, Neuland Labs, Stampede Capital etc, few of them turned to be disastrous. Examples are  Birla Pacific Medspa and Fineotex Chemicals. You can go through his current portfolio here.

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Income Tax on Share Trading

Most of the retail investors in India are salaried employees of public or private companies. Their companies take care of deducting the tax at source on a monthly basis. The only job of employees at the end of every financial year is to file the income tax return and claim for any refunds. As 99.99% of the salaried person turned retail investor belongs to salary cap below 50 lakhs, they mostly use ITR 1 and take pride of the fact that they have paid all the taxes at source itself. 

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Income Tax Filing: Who Can Use ITR-1 SAHAJ

ITR-1 SAHAJ  can  be  used  by  an  individual  whose  total  income  for  the assessment year 2017-18 includes:

(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is brought forward from previous years); or
(c) Income from Other  Sources  (excluding  winning  from lottery  and income  from  Race Horses ,  Income  taxable  under  section  115BBDA and Section 115BBE )

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No More Stock Trading Without Aadhaar

National Securities Depository Limited has made it mandatory to link Adhaar with demat account. Below is the circular(NSDL/POLICY/2017/0021) published by NSDL on this regard.

As Participants are aware, in the Union Budget 2017-18, it was announced under ‘Other measures in the Financial Sector’ that “Steps will be taken for linking of individual demat accounts with Aadhaar“. Accordingly, SEBI has instructed depositories to advise their Participants to take necessary steps for linking of demat accounts held by individual clients with their Aadhaar numbers to ensure effective implementation of the budget announcement.

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Mohnish Pabrai's Latest Portfolio 2017

A hard core fan and follower of Warren Buffet and Charlie Munger, Mohnish Pabrai is an Indian born American value investor whom we should keep a track-off. He heard about Warren Buffet in 1994 and since then he has been following Warren Buffett's investment philosophy and thought processes. The first book read by Mohnish Pabrai about Warren Buffett was "Buffett: The Making of an American Capitalist" written by Roger Lowenstein. He identified very few stock market practitioners followed Warren Buffett's idea of investment. 

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Berkshire Hathaway's Top 10 Stock Holdings 2017

Warren Buffett's holding company Berkshire Hathaway has investments in nearly 50 companies, below 10 stocks constitutes nearly 80% of the total holdings.

1. Kraft Heinz (KHC)

Kraft Heinz is one of the largest food and beverage companies in the world. Kraft Heinz sells a large range of sauces, condiments, cheese and dairy products, meals, beverages, meats and other grocery products in nearly than 180 countries. Company have been operating in the food industry for over 100 years and own famous brands such as Jell-O,   Bagel Bites, Philadelphia, Velveeta, Ore Ida, Planters, Oscar Mayer etc. Kraft Heinz is Warren Buffett’s biggest holding with nearly 19.2% allocation.

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10 Top Performing Mutual Funds of FY16-17

We did an analysis on the performance to Indian mutual funds as a whole and found the mutual funds that put their money to infrastructure and banking gave the best returns in FY16-17. Top 3 have given more than 50% returns. We believe that infrastructure and banking themes will continue to perform in this financial year as well. Below given are the top 10 mutual funds in India for 1 year time frame, with return as the parameter. Calculated Period: 01-April-2016- 31-March-2017

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Porinju Veliyath Continues his Year End Buying Streak

Seems Porinju Veliyath and his Equity Intelligence has huge cash to get deployed. In the last 10 days he has pumped huge amount personally and for his clients through Cimmco, Parnax Lab and Selan Exploration. We have published an article on Cimmco last week. The stock has rallied from Rs.69 to Rs.115 and now trading at lower circuit of Rs. 98. On 30-Mar-207 he bought 100000 Parnax Lab @Rs 55.52 and on 31-Mar-207 he bought 100000 Selan Exploration @Rs 158.

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5 Interesting Tweet Based Stories of This Financial Year

This financial year is ending with lot of cheerfulness across the market. Let us share some light moments with our readers.

Story No 1

Hongkong based investment banking company CLSA came with a sell call on SpiceJet on later half on September, when it was trading at Rs.65. CLSA has maintained "sell" rating on SpiceJet with a target price of Rs 35 siting that SpiceJet's best quarter is behind us with Q1FY17. .

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Ashish Chugh's Way of Multibagger Journey - Natco Pharma - A Case Study

1. During the early 2000s US-Israel pharma gaint Teva Pharmaceutical Industries Ltd marketed Copaxone® (a 20 milligram daily injection) for the treatment of multiple sclerosis, a disease in which the insulating covers of nerve cells in the brain and spinal cord are damaged. The active ingredient of Copaxone® is glatiramer acetate known as copolymer-1. 

To know much much money Copaxone makes, we should look at the sales figure and price of this drug. Annual sales of Copaxone® are approximately US$4.3 billon worldwide and account for more than half of Teva’s profit. Copaxone® is very expensive with many patients paying over US$40,000 (Rs. 26,00,000) per year for the drug. The product is protected by nearly 10 patents issued between 1998 and 2013.

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Why SEBI Banned Reliance Industries Ltd?

The SEBI order, published on its website on March 24, 2017, says Reliance Industries and the 12 other entities violated provisions of Section 12A of the SEBI Act, 1992 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to the securities market) Regulations, 2003.

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Porinju's EQ buys Wagon Making Cimmco

As per the BSE bulk deal on 23rd March 2017, Porijnu Veliyath managed EQUITY INTELLIGENCE INDIA PRIVATE LIMITED bought 212000 shares of Cimmco, a company into the  business of Railway Wagons and Heavy Engineering Projects / Products at Bharatpur (Rajasthan). The trade happened at Rs. 69.95 and the stock hit upper circuit of 20 percent and closed at Rs. 73.5 in BSE.  

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Radhakishan Damani Latest Portfolio

Mumbai man Radhakishan Damani is a low-profile stock market veteran who invests on his own account. Portfolio includes a string of blue-chip stocks that he has accumulated over the years. Notable holding is a 26% stake in cigarette maker VST Industries, an affiliate of British American Tobacco.  His close friend is Rakesh Jhunjhunwala, who refers to Damani as his "guru".

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Nifty PE Ratio : Current PE Ratio of Nifty

What is PE Ratio? 

The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings. For example, suppose that a company is currently trading at Rs. 100 a share and its earnings over the last 12 months were Rs. 5 per share. The P/E ratio for the stock could then be calculated as Rs.100/Rs.5, or Rs. 20. EPS is most often derived from the sum of last four quarters. While EPS of a company remains the same for a quarter or a year, the stock market price changes everyday and hence the PE ratio also changes.

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Ground Realities are Simply Ignored During Good Times: Samit Vartak

We love people who make sense and talk sense. Here we have Mr. Samit Vartak, partner and Chief Investment Officer (CIO) of SageOne - a PMS offering company with 50% annualized returns from 2010. We feel below thoughts will definitely help our readers to understand some ground realities, when the floor is now crowded with ever bulls!!!

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10 Top Performing Small & Mid Cap Mutual Funds in India

The assets under management (AUM) of the mutual fund industry reached an all-time high of Rs 16.46 trillion in December 2016, according to the data from the Association of Mutual Funds in India (AMFI) and expects to cross Rs 20 trillion this year. Below given are the top 10 mutual funds in India for 1 year time frame, with return as the parameter. Calculated Period: Feb 2017- March 2016.

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Stock Study: MosChip Semiconductor Technology

Moschip Semiconductor Technology is the first publicly-listed semiconductor design services company with over 15 years of extensive design experience across different segments such as consumer electronics, aerospace & defence, networking and telecommunications, mobile communications, IoT and semiconductor industry. The stock had a forgotten history but came to limelight after it was aquired by a company called techwave, a singapore based company managed by Indian promoters.

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5 Takeaways from Howard Mark's Recent Visit to India

Howard Marks is a renounced value investor and co-Founder of Oaktree Capital Management, USA. He has a net worth of $1.95 billion as per latest Forbes estimates. To get things clear to readers, he is considered as a guru by the one and only Warren Buffet. "The most important thing" is his famous book on value investing. published by Columbia Business School. Recently he visited India for the first time and shared his thoughts regarding value investing and his perspective about Indian economy.

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Missed Out Feeling? Put Your Money Via MF: Madhu Kela

In his recent interview to CNBC-TV18, Madhu Kela, Chief Investment Strategist of Reliance Capital advised investors to be part of India's growth story by investing in Mutual Funds. According to Madhu Kela, now the MF industry and the fund managers have matured and along with that the investors also have matured, for example now if there is a fall in the market, investors instead of panicking think it as an investment opportunity.

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Top 20 Mutual Funds In India with Highest AUM

Out of nearly 50 mutual fund houses in India, below given are the top 20 mutual fund houses with highest money allocation, which is termed as Asset Under Management(AUM). Together they cover more than 90 percent of the investment that comes to Indian mutual fund market. Indian mutual fund market reached an all time high of Rs 16.46 trillion as per December 2016 data as per IRCA.

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Warren Buffett's Berkshire Hathaway letter 2017-Be An Active Investor

Warren Buffett, in his latest letter to shareholders of Berkshire Hathaway showcases how funds managed by professionsal fund managers have underperformed the amateurs. He start with two betting stories that are still awaiting results. In 2002, entrepreneur Mitch Kapor asserted that “By 2029 no computer – or ‘machine intelligence’ – will have passed the Turing Test,” which deals with whether a computer can successfully impersonate a human being. Inventor Ray Kurzweil took the opposing view. Each backed up his opinion with $10,000. He mentions that he has now clue about who will win this bet, but will confidently wager that no computer will ever replicate Charlie (The one and only Charlie Munger!!)


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Featured IPOs - DMart-Avenue Supermarts Limited

D-Mart is an emerging national supermarket chain, with a focus on value retailing. In fiscal 2016 D-Mart was one of the largest and the most profitable F&G retailers in India. D-Mart offers a wide range of products with a focus in the Foods, Non Foods (FMCG) and General Merchandise & Apparel product categories. D-Mart  opened  its first  store  in  Mumbai,  Maharashtra  in  2002.  As  of  September  15,  2016,  we  had  112  stores  with  Retail Business Area of 3.40 million sq.ft, located across 41 cities in Maharashtra (58), Gujarat (26), Telangana (13), Karnataka (7), Andhra Pradesh (3), Madhya Pradesh (3), Chhattisgarh (1) and NCR (1). Company plan to deepen our store network in southern and western India and gradually expand our network in other parts of India pursuant to our cluster-focused expansion strategy. 

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EPS (Earnings Per Share) Explained

Earnings Per Share is one of the most important factors that investors need to keep in mind while selecting a stock for long term investment. As the name itself suggests, it is the earnings or profit allocated to each outstanding shares of a company and it servers as the prime indicator of a company's profitability. Earnings Per Share or EPS is the only indicator that directly comes in the results of every Indian company. Did you ever come across this while reading through the results sheet??

EPS of Arrow GreenTech

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Dolly Khanna Latest Portfolio 2017

While the name Dolly Khanna is well-known on Dalal Street, few in the market know about Rajiv Khanna, the real hero. A chemical engineer from IIT Madras, Rajiv Khanna worked for ICI Ltd, a pharmaceutical company as a research person in the field of industrial explosives and blasting physics. In 1986, he started his company - Kwality Milk Foods.


Rajiv Khanna, the man behind Dolly Khanna
In 1995, after selling Kwality Milk Foods to Hindustan Unilever, Rajiv Khanna, started investing in the market in 1996-97 for the first time. Now his portfolio is worth of Rs 170 crore, but he maintains that his core business remains that of milk products with stock trading being just a 'hobby'.


Initial Investment : 1 Crore in 1996-97
Current Portfolio  : Around 480 Crores

Dolly Khanna Latest Portfolio 2017


Hawkins Cookers was his first multi-bagger. Khanna started accumulating the stock in 2007 and went on accumulating it  2009 at an average price of 130-140. Recently he existed the stock @ Rs 3,500, and the company has given him at least 70% of its profits as dividends.


Then, there was the real beginning of Rajiv Khanna. He went on to identify micro-cap winners such as Wimplast (more than 7 times in two years), Cera Sanitaryware (more than 7 times in two years ), RS Software (4 times in less than two years), and Avanti Feeds (more than 4 times in less than 6 months).


Khanna's passion for picking stocks through extensive research can be traced back to his first job.  In the first decade of his investing career, gains from the market were modest. It was only after 2007 that the stakes started becoming bigger.


Khanna has held most of the stocks in his portfolio for a long time now but he has also played the momentum game. For instance, he had purchased 1% stake in Amara Raja Batteries worth Rs 13 crore in the June quarter of 2012 and sold the entire stake in less than six months for Rs 39 crore, making three times the profit. "I am just somebody who got lucky. People just see the profits we make, nobody knows the kind of hits we have taken."

Strategy of Dolly Khanna


According to his own words -
    It all depends on the underlying market condition. Like in tennis you play different games on different courts — hard court, clay court and lawn, we also study the market situation and pick our stocks accordingly. It can be either a value stock, growth stock, momentum stock or buying based on technicals.

He feels market is the most complex puzzle,
    It's not the money, it's the challenge what is exciting. Money is just the outcome. And once you start to understand the game, making money is not difficult.

Top 3 ELSS Mutual Funds in India

Equity linked Savings Schemes (ELSS) funds are the best known way to use the R.1.5 lakh limit that is there for tax saving investments under Section 80C. Since the best way to invest regularly in a fund is through an SIP, investors should just start an SIP in a carefully-chosen ELSS fund and let it run for a long duration. When comparing with other tax saving schemes like Tax saving Fixed Deposits, PPF, NSC etc, ELSS offers higher returns. However, these returns are not guaranteed and have low lock in period of 3 years. Here are the best top 3 ELSS mutual funds in India for 2017 tax savings purpose.

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Amitabh Bachchan Latest Stock Portfolio 2017

Amitabh Bachchan is turning to be the Big B for Indian stock market as well. Learning from the initial setbacks and mistakes,Bachchan is coming out as an investor we should follow. He started off his investment career in stock market in 2011 by investing in unknown penny stocks which turned out to be disastrous.

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Bitcoin - An Introduction to Indian Investors

What is a Bitcoin

Bitcoin was introduced on 31 October 2008 by an unknown group or a person named as "Satoshi Nakamoto". It is basically a   digital crypto currency asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. The identity of Nakamoto is not confirmed yet. The bitcoin transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. Since the system works without a central repository or single administrator, it is categorized as a decentralized virtual currency. 


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