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Showing posts from February, 2008

Reliance Power offers bonus shares 3 for 5 shares

The Biggie Reliance Power IPO was subscribed 72 times and had received nearly 31 lakh applications which is a new record for most applications received. But when Reliance Power shares listed on 11th February the scenario changed and the market started coming down making Reliance Power shares plunging 17.22% below the issue price of Rs.450. Making most of the investors losing millions of money with no hope to get the invested amount with a good return. It was a black Monday as many investors had taken loan from banks to invest in Reliance Power IPO and got stucked in between of the falling market situation. But on Sunday 24th February, Anil Ambani gave up Rs 5,000 crore ($1.2 billion) of his personal wealth to enable Reliance Power shareholders to make up for their losses caused by bad listing of the stock. And announced a bonus plan for investors, where investor will get 3 shares on his each 5 owned shares. Which will bring the cost of Reliance Power shares down to Rs 269 each for reta

Indian Mutual Funds

Today Indian economy is showing the growth graph upwards with many investment opportunities for a normal person. One of this kind of investment is investing in Mutual Funds. Indian stock market has reached to a new height giving the investors a good option to make money. Investing in mutual fund gives one a vast options to select different mutual funds from different companies and fields. There are many fields to select from, for example one can select mutual funds from different sectors such as tax saver fund, opportunity fund, log term benefit term, real estate fund, etc. But investor should give time to invested funds, mutual fund investment is not like stocks where you buy and sell the stocks immediately, in case of mutual funds you need to give some time so that when you sell the fund you get a good returns.