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Ans: When a mutual fund company shutdown or get sold to other company, it can indeed be concerning for investors, but there are regulations and procedures in place to protect investors' interests, at least to some extent. Let me try to explain the same in best of my knowledge:

Segregation of Assets: Mutual funds are set up as trusts, and they have a clear separation between the assets of the mutual fund and the assets of the asset management company (AMC) managing the fund. This means that even if the AMC goes bankrupt or shuts down operation, the assets of the mutual fund are typically kept separate and should not be affected.

Appointment of a New Fund Manager or AMC: In the event of a mutual fund company going bankrupt or shutdown operations, the regulator, Securities and Exchange Board of India (SEBI), usually steps in to ensure that investors' interests are protected. SEBI may appoint a new fund manager or a different AMC to take over the management of the affected mutual funds. This ensures continuity in managing the investments and reduces disruptions for investors.

Liquidation or Transfer of Assets: If a mutual fund company is unable to continue operating, SEBI may initiate the process of liquidating the assets of the affected mutual funds. The proceeds from the liquidation are then distributed to the investors.
Alternatively, SEBI may facilitate the transfer of the management of the mutual funds to another AMC. This transfer ensures that investors' investments are still managed, and they have the option to continue with the new fund manager or redeem their investments.

Investor Communication: Throughout this process, SEBI and the new fund manager or AMC appointed will communicate with investors to keep them informed about the situation and any steps they need to take. This communication is crucial for maintaining trust and transparency in the investment process.

Investor Rights: Investors have certain rights protected by SEBI regulations. They can choose to redeem their investments if they are not comfortable with the new management or if they believe it's in their best interest to exit the fund. However, it's important to note that redeeming investments in such situations may come with certain costs or tax implications, depending on the specific circumstances and the terms of the mutual fund schemes.

It's essential for investors to stay informed about the financial health and regulatory compliance of the mutual funds they invest in. Diversifying investments across different mutual funds and asset classes can also help mitigate risks associated with the bankruptcy of a mutual fund company. Additionally, consulting with a financial advisor can provide personalized guidance based on individual investment goals and risk tolerance.

Ans: Hello Kalyan,

If the recent price increase in the Nippon India Vision Fund has significantly altered your asset allocation or if you're uncomfortable with the level of risk, consider selling some units to rebalance your portfolio.

If the fund's performance aligns with your financial goals, risk tolerance, and investment objectives, and you have a long-term investment horizon, holding onto the units may be appropriate.

Regularly review your investment portfolio and make adjustments as needed to stay on track with your financial goals and risk management strategy.

However, please note that this is general guidance, and it's essential to consult with a SEBI registered investment advisor who can provide personalized advice tailored to your specific financial situation, goals, and risk profile.

Ans: Hello,

Your portfolio seems to be well-diversified across different sectors and market caps, which is generally a good approach for long-term investing. Here are a few things to consider:

Performance History: Look at the historical performance of each mutual fund scheme over various time frames (1 year, 3 years, 5 years, and since inception). Compare it with relevant benchmarks and peer group averages to assess how well the fund has performed.

Fund Manager Experience: Evaluate the experience and track record of the fund manager. A skilled and experienced fund manager can significantly impact the performance of the fund.

Expense Ratio: Consider the expense ratio of each mutual fund scheme. Lower expense ratios mean more of your investment returns stay with you rather than being eaten up by fees.

Investment Strategy: Understand the investment strategy of each mutual fund scheme. Make sure it aligns with your risk tolerance, investment goals, and time horizon. For example, small-cap funds tend to be riskier but offer higher growth potential, while flexi-cap funds offer more flexibility in asset allocation.

Asset Allocation: Ensure that your overall portfolio is well-diversified across different asset classes, sectors, and market caps. Avoid overconcentration in any single fund or sector.

Risk Management: Assess the risk management practices of each mutual fund scheme. Look for funds with a disciplined approach to risk management and a focus on preserving capital during market downturns.
Fund House Reputation: Consider the reputation and credibility of the mutual fund house managing the scheme. A well-established and reputable fund house is more likely to have robust investment processes and governance standards.

Regular Review: Regularly review the performance and portfolio composition of each mutual fund scheme. Make adjustments to your portfolio as needed based on changes in your investment objectives, market conditions, and fund performance.
It's also a good idea to consult with a SEBI registered investment advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance. They can help you build a well-structured investment portfolio tailored to your needs.

It's also a good idea to consult with a SEBI registeredinvestment advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance. They can help you build a well-structured investment portfolio tailored to your needs.

Ans: Hello,

Continuing to invest through SIPs (Systematic Investment Plans) in a volatile market can be a prudent strategy for several reasons, especially in the context of the Indian stock market:

Rupee Cost Averaging: SIPs allow investors to buy more units when prices are low and fewer units when prices are high. This averaging effect can potentially reduce the overall cost of investment over time, mitigating the impact of market volatility.
Disciplined Approach: SIPs encourage a disciplined approach to investing by automating the investment process. Investors commit to investing a fixed amount regularly, regardless of market conditions, which can help avoid emotional decision-making during periods of volatility.
Long-Term Focus: Investing through SIPs is ideal for investors with a long-term investment horizon. While short-term market fluctuations can be unsettling, they are often smoothed out over the long term. By staying invested through SIPs, investors can benefit from the compounding effect and the potential for higher returns over time.
Opportunity to Buy Low: Volatility in the market presents opportunities to buy quality stocks at discounted prices. SIP investors can take advantage of these market dips by continuing to invest regularly, potentially enhancing their portfolio's overall returns when the market rebounds.
Diversification Benefits: SIPs allow investors to spread their investments across different market segments and asset classes over time. This diversification can help reduce overall portfolio risk and enhance long-term returns, even in a volatile market environment.
However, it's essential for investors to review their investment objectives, risk tolerance, and financial goals periodically, and consult with a qualified financial advisor to ensure that SIPs align with their overall financial plan. Additionally, investors should be prepared for short-term fluctuations and exercise patience during periods of market volatility.

Ans: Hello Vaibhav,

Firstly, it's essential to assess your investment goals, risk tolerance, and the suitability of the investment in your portfolio. The Motilal Oswal Nasdaq 100 Fund offers exposure to some of the largest and most innovative companies listed on the Nasdaq Stock Market, providing an opportunity for diversification and potential growth.

Considering you've been investing in the fund for the past six months, it's a good start to evaluate its performance against your expectations and the broader market trends. While short-term fluctuations are common in the stock market, analyzing the fund's performance relative to its benchmark index and peers can offer valuable insights.

Additionally, review the fund's investment strategy, portfolio composition, and expense ratio to ensure they align with your investment objectives and risk profile. Regular monitoring of your investments is crucial to adapt to changing market conditions and make necessary adjustments to your portfolio.

Ultimately, the decision to continue with your SIP in the Motilal Oswal Nasdaq 100 Fund should be based on your long-term financial goals, investment horizon, and comfort level with market volatility. If the fund continues to meet your expectations and remains in line with your investment strategy, it may be prudent to stay invested.

However, if you have concerns about the fund's performance, changes in your financial situation, or shifts in your investment objectives, it's advisable to reassess your investment strategy and consult with a qualified financial advisor to explore alternative options.

Remember, investing is a journey that requires careful planning, patience, and periodic review. I encourage you to stay informed, stay focused on your goals, and make decisions that align with your financial aspirations.

Ans: Hold

Ans: The Company was originally incorporated as Vikas Multicorp Limited in the year 1995. The Company changed the name from 'Vikas Multicorp Limited' to 'Vikas Lifecare Limited' by passing a Special Resolution consequent upon change of name and fresh Certificate of incorporation issued by the Registrar of Companies, NCT Delhi on April 09, 2021. The Company operates in the business of recycling plastic waste and trading of polymer compounds, manufacturing of polymers compounds.

Until 2019, the business of Company was engaged in the trading of various Polymer Compounds such as Ethylene-vinyl acetate (EVA Compounds), Polyvinyl chloride resins (PVC resins), chlorinated Parrafin, Polyethylene Compound (PE Compounds) and Thermoplastic Rubber Compounds (TPR Compounds). However, subsequent to the acquisition of `Recycled and Trading Compounds Division' of group concern `Vikas Ecotech Limited' under the Scheme of Arrangement approved by National Company Law Tribunal, Principal Bench, New Delhi, the Company started manufacturing Polymer Compounds such as PE Compound, Polyvinyl Chloride Compound (PVC Compounds), V lend SOE Compound, Polypropylene Compounds (PP granules), TPR Compounds from FY 2019-20 onwards.

The Company is a del credere agent of ONGC Petro Additions Limited (OPAL). The Company has a single manufacturing plant located at Shahjahanpur, in Rajasthan. The Company business is divided into two major segments which includes recycling materials and trading of Polymer Compounds.

During the period 2021, the Company completed the acquisition of `Recycled and Trading Compounds Division' of group concern `Vikas Ecotech Limited' through demerger, thus shifting the entire manufacturing of recycled material in the Company and hence putting greater emphasis on taking this production process to greater heights. Post demerger, the Company acquired the `Recycling and Upcycling Division" from the Demerged Company i.e. Vikas Ecotech Limited, pursuant to which the Company had to incur extra expenses to carry out the new manufacturing and recycling process that came along with the acquisition of new business segment .

The Scheme of Arrangement under Section 230 to 232 Companies' Act, 2013 between the Company and Vikas Ecotech Limited (the demerged Company) and their respective Shareholders and Creditors of two companies for demerger of Trading unit Business undertaking as a going concern into the Company on the Appointed Date at the opening of business hours on 01st April 2017, has been sanctioned by the Hon'ble National Company Law Tribunal, New Delhi vide Order dated 31st October 2018. Certified copies of the Order of Hon'ble National Company Law Tribunal, New Delhi have been filed with Registrar of Companies at Delhi and the Scheme has become effective from 01st April 2017.

During the year 2019-20, pursuant to the Scheme of Arrangement, Shareholders of Vikas Ecotech Limited were allotted equity shares of the Company in the ratio of 1:1

In December 2020, the Company initiated trading in raw and finished cashew nuts to pursue one of the business strategies to venture into FMCG Industry.

The Company is venturing into a new business segment "Food protection and Personal Hygiene" segment of FMCG industry" with the total investment of approx Rs. 100 crores and have signed a definite agreement for acquisition of a portfolio or trademarks, comprising of popular and well established national brands such as S.R. Foils.

With the acquisition of the prestigious 'Brand portfolio,, the Company is initiating the process to identify and acquire an existing plant for manufacturing these items in the interim, alternate arrangements are being made to produce these products through third party contract manufacturing.

The Company is at advance stages to form partnerships through acquisition, merger or joint venture with players dealing with herbal drugs to use their marketing network and enter into retail, food protection and personal hygiene section of FMCG and to be in the retails business of consumer goods like, spices, flour, pulses, grams etc.

The Company has signed an MoU with a huge and renowned collection centre. This collection centre is a Producer Responsibility Organization formed to facilitate recycling of all kinds of packaging waste and contribute towards cleaner and greener environment. They specialize in collection and aggregation of all packaging waste in a professional and organized manner backed by technology.

Risks and negatives:
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Major fall in TTM Net Profit
High promoter stock pledges
Company has low interest coverage ratio.
Promoter holding is low: 11.4%
Company has a low return on equity of 3.28% over last 3 years.
Promoter holding has decreased over last 3 years: -43.9%

Looking at the current high valuation of the company and company making loss and also on the above risks and negatives. Its better to be away from such businesses.

Hope this will help you. Happy Investing...

Disclaimer: Information provided is only for educational purpose. Please consult your investment adviosor before making any investment decisions

Ans: G.G Automotive Gears was incorporated in Feb.'74 as a private limited company, was converted into a public limited company in 1994. The company was promoted by the Gajra family of Bombay.

The company started manufacturing gear box housing and other type of housing for automobile vehicles in 1978. Subsequently, it started manufacturing precision gears for the Indian Railways, industrial gears for cooling towers and in various process industries like cement, steel and sugar. In 1993, it started manufacturing industrial gear boxes for oil extraction plant, gears for plastic extrusion machines and material handling equipment for Port Trusts.

A project for manufacturing locomotive gears and gear pumps with an installed capacity of 3000 Pa each has been completed during 1995.

BHEL, Indian Railways, Uranium Corporation, Jawaharlal Nehru Port Trust, etc, are some of its reputed customers. The company successfully entered the export market by securing a trial order from General Electric, US.

In 2000-01 the company has PPAP (Production Part & approval Process) milestone of General Motors Corporation, USA, This will facilitate the company to compete in the international market. The company had launched Hydraulic Gear Pumps for Loaders/Earthmovers on trial basis.

Positives:
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Increasing Revenue every Quarter for the past 4 Quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Increasing profits every quarter for the past 4 quarters
Promoters increasing shareholding QoQ

Negatives:
Stock is trading at 21.4 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding is low: 32.2%
Company has a low return on equity of -0.16% over last 3 years.
Company might be capitalizing the interest cost

The company is NANO cap category with market cap of only 48 crores. If you dont understand the business and the risks involved in the same than its better to stay away and if you plan to invest than make sure you keep track of business and its perfomance on regualr basis to take informed decisions.

Hope this should help you. happy Investing

Disclaimer: Information provided is only for educational purpose. Please consult your investment adviosor before making any investment decisions

Ans: Voltas Limited was incorporated on 6th September, 1954 under TATA Group. The Company is jointly promoted by Switzerland's Volkart Brothers and India's Tata Sons Pvt Ltd. It has established itself as the undeniable leader in Cooling Products, and No. 1 Room Air Conditioner brand, in India. It is also a project specialist and provider of engineering solutions. Its wide range of offerings in the Unitary Product segment includes Room Air Conditioners, Air Coolers, Water Dispensers, Water Coolers, Commercial Refrigeration and Commercial Air-conditioning products. It is a provider of Engineering Solutions to diversified range of industries in areas of Heating, Ventilation and Air Conditioning, Refrigeration, Electro-mechanical projects, Electrification, Textile Machinery, Mining and Construction equipment, Water Management & Treatment, Cold Chain solutions, and Indoor Air Quality Management.

Voltas' operations have been organized into three independent business-specific clusters viz. Electro-Mechanical Projects & Services, Engineering Products & Services and Unitary Cooling Products. It has manufacturing units located at Pantnagar, Uttarakhand and Waghodia, Gujarat. It has presence at eight major International Locations: Dubai, Abu Dhabi, Qatar, Sultanate of Oman, Kingdom of Saudi Arabia, Mozambique, Bahrain and Republic of Singapore.

For the manufacture of machine tools, the company promoted Scottish Indian Machine Tools Ltd during the year 1963 in collaboration with Scottish Machine Tool Corporation of Glasgow. During the year 1964, the company made a collaboration agreement with Eaton Yale and Towns, U.S.A., for the manufacture of Yale forklift trucks. Also in the same year, Voltas had joined the Mine Safety Appliances Co., U.S.A., and Associated Battery Makers (Eastern) Ltd., Calcutta in the promotion of Mine Safety Appliances Ltd., Calcutta, a joint venture for the manufacture of miners' electric safety cap lamps and other types of safety and protective equipment, appliances, detection and measuring devices. A new division, the Agro-Industrial Products Division was added in the year 1966. With effect from 1st July of the year 1979, Tata-Merlin & Gerin Ltd (TMG) and the National Electrical Industries Ltd (NEI) were amalgamated with the company. Voltas had entered into an agreement with May & Christe of West Germany in the year 1982 for the manufacture of dry type transformers of cast-resin design. The machine tool division of the company made an agreement with Fanuc of Japan in the year 1988 for the technical collaboration to produce CNC drilling centres.

With effect from 1st March of the year 1989, Volrho Ltd was amalgamated with the company as per the order of BIFR. The machine tools division of the company had introduced Fanuc CNC drilling centres in the period of 1990. During the year 1991, the appliances business division of the company had launched the ductable split air-conditioner, specifically needed for shops, showrooms and general office areas. Also in the same year, an agreement was signed for updating technology and for the manufacture of new models of P&H hydraulic cranes. During the year 1992, the company restructured its operations into product group I comprising refrigerators, pharmaceuticals and consumer products and beverages while product group I (A) include textile machinery. Product group II consisted of machine tools, materials handling facility, industrial machinery, air-conditioning pumps and projects. Group III comprised of chemicals plant, chemicals division and agro-industrial products. The cooling appliances business of the company had launched four new products in the year 1993 viz., water coolers filled with purifiers ductable and slim-line 3 tonne air-conditioners, ceiling mounted split in 1.5 and 3 tonne capacities and 2 tonne room split units. Also in the same year, the pharmaceutical and consumer products division was closed and had also withdrawn from the beverages business. In the year 1994, Voltas had introduced 250 L refrigerator in the market under the home appliances division.

Voltas bagged Good Corporate Citizen Award in the year 1995 and also the company had introduced `Soft Look' models of refrigerator in 165 L. & 200 L segments. Pumps and projected business division of the company had successfully developed, manufactured and commissioned the largest sizes of horizontal and vertical pumps in its range during the year of 1996. Voltas had entered into a lease rental agreement with SIPL for lease of factory premises of WNC in the year 1997 for a period of 18 months for a total consideration of Rs 10.250 million and also in the same year, the company had finalised yet another contract as original equipment manufacturer (OEM) with one of the white goods majors, LG Electronics, to manufacture and supply direct cool refrigerators. The Company had commissioned Dadra plant in the year 1998 and in end of the same year 1998, Voltas won two of the world's biggest orders in the mining sector from Coal India Ltd (CIL), such as Rs 9180 million 2 shovels (P&H) and 160 dump trucks (Unit Rig).

During the year 2000, L. G. Electronics India and Voltas had entered into a tie-up for the 12,00,000 direct-cool refrigerators from the latter for the next three years. Voltas had entered into road construction equipment during the year 2001 under the engineering products and services segments. Also in the same year of 2001, the company had re launched air conditioners under the brand name `Verdant', a premium model targeted at the retail segment. During the year 2002, Voltas made a Joint Venture agreement with Sermo Montaigu, France for perfect moulds. Voltas entered into a distribution tie-up with the 62 million euro Italian air-conditioning major Uniflair in the year 2004, which specialises in the design, production and supply of precision air conditioning and cooling solutions for telecom and internet applications. Also in the same year, made tie-up with RBS Home Appliances Ltd for the use of 640 service centres that Voltas had across the country for after sales service. Simtools Ltd became a wholly owned subsidiary of the company from 27th August of the year 2005. The Company had launched new range of water dispensers in the saem year of 2005.

Voltas had entered into the water treatment business, had undertaken a project at Salt Lake City in Kolkata during the year 2007. The Company had launched a whole new range of Room ACs for the premium and luxury segments in March of the year 2008. Voltas had purchased 13,821,000 equity shares of Rs 10 each of Universal Comfort Products (P) (UCPL) in June of the year 2008, a 50:50 joint venture company between Voltas and Fedders International Air-conditioning (P) (FIACPL). As at August 2008, the company entered into a definitive agreement to acquire majority stake in Rohini Industrial Electricals (RIE), a Mumbai-based company engaged in undertaking large turnkey electrical and instrumentation projects for industrial and commercial sectors.

On 3 March 2009, Voltas announced that its textile machinery division has entered into an alliance with M/s Thies of Germany to offer enhanced value to customers, and support the growth of Indian textiles to the extent that it matches its potential, by selling and servicing of Thies products in India. The alliance will tap into the market potential of the processing segments, which offer unique opportunities for India to augment its share in the international textiles trade.

On 29 May 2009, Voltas announced that its electro-mechanical business has secured two orders worth Rs300 crore for electro-mechanical projects for the most prestigious and noteworthy `new generation' airports in India, namely Kolkata's Netaji Subhas Chandra Bose International (NSCBI) airport, and Chennai International airport.

On 19 March 2011, Voltas and the KION Group agreed to establish a joint venture in India for the development, manufacture, marketing, and servicing of forklift trucks and warehousing equipment. Voltas's material handling operations will be integrated into a new joint venture (JV) company, where the KION Group will hold a majority share. The JV company will be named Voltas Materials Handling (VMH). As the KION Group's sixth brand, Voltas will be used by VMH to focus on the Indian market with a product range that includes diesel/LPG and electric trucks with load capacities of 1.5 to 16 tons. VMH will have twenty-five branches and dealerships all over India.

On 28 February 2014, Voltas Limited and Dow Chemical Pacific (Singapore) Pte. Ltd., a member of the Dow Group Companies (Dow Group), agreed to establish a joint venture company in India to tap the growing Water and Waste Water treatment market in the country. The proposed new company - Voltas Water Solutions Private Limited - will be an equal partnership joint venture. The company will market and distribute standard packaged Water Treatment Systems and Waste Water Treatment Systems of capacity up to 20 m 3/hour, to residential and commercial complexes and light industrial markets in the Indian subcontinent. The entity's operations would include designing, procuring, testing, marketing, selling and servicing of such standard water treatment systems and waste water treatment systems.

On 28 August 2014, ELGi Equipments Limited, Asia's largest manufacturer of air compressors with innovative and technologically superior compressed air systems, entered into a strategic partnership with Voltas Limited for selling ELGi air compressors and accessories to the textile industry. Voltas is India's leading solutions provider for the textile industry, offering world-class products meeting diverse customer needs. Voltas has a pan-India presence through its network of 16 branches and over 300 textile engineers.

On 5 May 2015, Voltas announced its foray into air coolers business with the launch of fresh-air coolers under the Voltas brand. The new range comes with attractive features such as exclusive honeycomb cooling pads, carbonised dust filters and powerful air throw.

On 27 March 2017, Voltas Limited announced that it has fortified its leadership position in the cooling category by crossing 1.5 million units in the year 2016-17.

On 23 May 2017, Voltas Limited and Ardutch B.V. (a subsidiary of Arcelik A.S.; part of the Koc Group - Turkey's largest industrial and services group) agreed to establish a Joint Venture Company (JVC) in India, to enter the consumer durables market in the country.

On 2 February 2018, Voltas Limited launched India's first Window Air Conditioner with DC Inverter technology. It works on a unique Steady Cool Inverter compressor, which is a variable speed compressor, providing steady cooling and steady savings. With this launch, Voltas has strengthened its commitment of continuously bringing latest technology in the Indian market.

On 23 June 2018, Voltas' joint venture with Ardutch B.V. (a subsidiary of Arcelik A.S.; part of the Koc Group - Turkey's largest industrial and services group) Voltbek Home Appliances Private Limited laid ground to start construction of its first manufacturing facility, spread over 60 acres, in Sanand, an upcoming industrial hub in Gujarat. This facility will be manufacturing Home Appliances that include refrigerators and washing machines. Voltbek will leverage Arcelik's global expertise in setting up large, modern, state-of-the-art manufacturing unit, quality and R&D labs and International benchmarking processes and Voltas's strong brand presence, and country wide sales and distribution network.

On 9 October 2018, Voltas announced the launch of Smart ACs that can be controlled using simple voice commands with Amazon Alexa. This new range including the Voltas Inverter Split AC and Voltas Split AC is available exclusively on Amazon India website.

In FY18-19, the Company launched a wide range of white goods products under the Voltas Beko brand. It launched five new SKUs of Front Load Washing Machines with AutoDose Technology (first in the Industry), 12 SKUs of Top Load Washing Machines with Dual Power Rain and a
Table Top Dishwasher suited for Indian kitchens.

During 2018-19, the Company participated in Tata Innovista with company innovations being assessed by panel of Subject Matter Experts from within and outside the Tata Group. It has set up a manufacturing plant for higher tonnage cooling products such as VRF (Variable Refrigerant Flow) products and Chillers in Waghodia, Gujarat. It acquired land admeasuring 65 acres approx. near Tirupati for manufacture and assembly of air conditioners and other related cooling products.

In 2019-20, Company launched two greenfield manufacturing plants for its Commercial Products Business and Home Appliances
(Voltas Beko) business. The Commercial Products facility was launched in Waghodia, Gujarat. Equipped with technologically advanced R&D
and testing facilities, the factory has been instrumental in introducing differentiated and competitive products in the market. It launched innovative UV products and solutions to help stop the spread of the coronavirus. In collaboration with Arçelik, it commissioned a manufacturing facility in Sanand, Gujarat, to boost the production and capture a larger market share in the white goods segment.

In FY'21, the Company launched 46 SKUs of Fresh Air Coolers under various sub-categories such as Personal, Window, Tower and Desert Air Coolers. It also strengthened its overall portfolio by introducing 43 SKUs of Commercial Refrigeration products, including Convertible Freezer, Freezer on Wheel and Curved Glass Freezer. It launched 18 SKUs of Water Dispensers and 28 SKUs of Water Coolers. The Company strengthened the electrical business with its credentials in solar EPC business with Azure Power and S.B. Energy, Rajasthan orders. Further, it
bagged most orders under the MEP business from the healthcare and building segments. It also supported construction and upgradation of COVID-19 medical facilities at various locations across India through MEP project services during the pandemic. It commissioned two sewage treatment plants for the water business in Patna at Beur (43 MLD) and Karmalichak (37 MLD), as part of the Namami Gange
Mission, inaugurated by Prime Minister Narendra Modi on 15 September, 2020. The Company additionally implemented some key initiatives, including Digital Project Monitoring, Vendor Portal, Monitoring of Sites through web cameras for safety and centralised bidding and estimation for risk mitigation. It streamlined the focus towards gaining profitable orders in healthcare, data centres, water treatment & supply, sub-stations, State Discoms and solar EPC segments.

In FY'22, the Company launched PureAir 6 Stage Adjustable Inverter AC, India's first AC with HEPA Filter technology. It strengthened product offerings under commercial refrigerators by launching 60 SKUs. It launched 32 SKUs under Maha-adjustable inverter air conditioners. It received license from Bureau of Indian Standards (BIS) for Air Cooled Ducted and Packaged Air Conditioner. It commissioned project Gandhinagar Railway and Urban Development Corporation Ltd (GARUD) in Gandhinagar, Gujarat, inaugurated by Hon'ble Prime Minister, Mr. Narendra Modi, It commissioned one project of 300 MW AC & 225 MW DC under Solar EPC for Azure Power and second project for SB Energy, later renamed as Adani, for 71 MW AC & 104 MWp DC. It gained tier 1 status in Solar EPC business. Besides these, it launched 74 new SKUs in 2021-22 to further strengthen product portfolio and new products with new and upgraded technologies under all categories.`

Revenues grew by 11.8% YoY; Reported loss of Rs1.1bn: Sales grew 11.8% YoY to ~Rs20.1bn, led by growth in UCP (11.2% YoY) and EMPS (17.1% YoY). EPS business revenue declined by 5.4% YoY. Gross margin declined by 290bps YoY to 24.1%. EBITDA declined 50.9% YoY to Rs764mn, while EBITDA margins contracted by 490bps YoY to 3.8%. In terms of segmental EBIT margin, UCP segment margin came at 7.4% (-190bps YoY) whereas EMPS reported loss of Rs461mn. PBT declined by 47.7% YoY to Rs895mn. Adj. PAT declined 71.9% YoY
to Rs270mn. Voltas reported net loss of Rs1.1bn due to provision of Rs1.4bn on account of cancellation of overseas contract by main contractor and encashment of bank guarantee.

CONCALL TAKEAWAYS:
1)VOLT’s inverter category increased its contribution to 82%, mainly with tactical pricing and improved features,
2)Management expects good demand in Q4FY23, with softening of rural inflation and buying across sales
channels on forecast of hot weather,
3)Commercial refrigerators continued growth momentum, mainly from OEM and retail chain,
4) Market share for Air Cooler was 9.2% with new SKUs and targeted distribution,
5)The carry forward order book for domestic projects stood at Rs45.4bn related to Water, HVAC, Rural Electrification and Urban Infrastructure,
6)One-off losses in EMPS related delayed collection in Q2FY23/Q3FY23 for two overseas projects, out of which one is halfway in timeline and another one almost completed,
7) EPS segment continued its healthy traction with delivery of textile machinery and focus on after sales service, 8)Voltbek brand has sold over 3mn units since its launch, while demand for appliances was muted in Q3FY23 resulting in volume drop. It is expected to pick up with introduction of new SKUs.

If you are a long term investor then do hold Voltas but for short term period the price will have fluctuation due to market condition and valuation.

Disclaimer: Information provided is only for educational purpose. Please consult your investment adviosor before making any investment decisions

Ans: Not a good to own in a portfolio as a prudent investor.

Decline in Net Profit with falling Profit Margin (QoQ)
Declining profits every quarter for the past 3 quarters
The company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -3.32%
The company has delivered a poor sales growth of -25.6% over past five years.
Promoter holding is low: 0.08%
Company has a low return on equity of -74.8% over last 3 years.
Company has high debtors of 187 days.
Inefficient use of assets to generate profits - ROA declining in the last 2 years

These factors are sufficient enough to look at the company whether it makes sense to be holding this company in long term or not.

Disclaimer: Information provided is only for educational purpose. Please consult your investment adviosor before making any investment decisions.

Ans: Ideally you should have only one demat account.

But if you want, Yes you can open multiple demat accounts.

ideally you should have demat holding with 2 service provider for administration, tax reports.

Ans: Hold

Ans: Kindly let us knwo following information

1) Time Horizon
2) Risk profile
3) You want to invest for which financial goal

Once you mention this above information, i will be able to give you any suggestions.

Ans: Indian Energy Exchange Limited (IEX) is the first and largest power exchange in India. It has a dominant market share of over 98% of traded volume in electricity and diverse registered participants base of more than 6300. Providing an automated trading platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in electricity contracts, Renewable Energy Certificates (RECs) and ESCerts (Energy Saving Certificates). The exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 27 June 2008. The Exchange is a professionally managed company.

Indian Energy Exchange is one of two exchanges in India that offer an electronic platform for the trading of electricity products and has a substantial majority market share among the power exchanges in India. The DAM constitutes the substantial majority of the energy contracts that are traded on the Exchange. The Exchange is an online platform which is accessible to registered participants throughout India. The Exchange increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. In addition to trade execution, the exchange offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality.

Indian Energy Exchange Limited was incorporated as a public limited company on March 26, 2007 in Maharashtra. The Company obtained a certificate of commencement of business on April 17, 2007.

In 2009, trading on its exchange commenced in day-ahead-market (DAM).

In 2010, the company registered first industrial consumer on its exchange. During the year under review, trading on its exchange commenced in term-ahead- market (TAM). During the year under review, the average monthly cleared volume on its exchange crossed 500 million units (MU). In 2011, trading on its exchange commenced in renewable energy certificates (RECs).

In 2014, the daily average cleared volume on its exchange touched 79 MU/day and highest cleared volume in a day crossed over 117 MUs. In 2015, highest cleared volume in a day on its exchange crossed over 131 MUs.

In 2016, daily average cleared volume on its exchange touched 93 MU/day and highest cleared volume in a day crossed over 136 MUs. In August 2016, the Exchange received three ISO Certifications: ISO 9001:2008 for quality management, ISO 27001:2013 for information security management and ISO 14001:2004 for environment management.

In 2017, daily average cleared volume on its exchange touched 109 MU/day and highest cleared volume in a day crossed over 147 MUs. Trading of energy saving certificates (ESCerts) on its exchange commenced on 26 September 2017.

The company came out with an initial public offer (IPO) during the period from 9 October 2017 to 11October 2017. The IPO comprised of offer for sale of 60.65 lakh shares by selling shareholders. There was no fresh issue of shares from the company. The stock debuted at Rs 1,500 on BSE on 23 October 2017, a discount of 9.09% compared to the IPO price of Rs 1,650 per share.

On 28 March 2018, Indian Energy Exchange (IEX) and Japan Electric Power Exchange (JEPX) signed a Memorandum of Understanding (MoU) for jointly exploring the opportunities of cooperation in electricity market. The intent of the MoU is to share experience and cooperate with each other in respect of technology and in energy market products development. The scope of MoU includes opportunities for training to augment the electricity trading through competitive market platforms by organizing knowledge sharing programs.

The Board of Directors of Indian Energy Exchange Limited (IEX) at its meeting held on 26 April 2018, decided not to go ahead with the buyback of Equity Shares of the company.

The Board of Directors of Indian Energy Exchange Limited (IEX) at its meeting held on 9 August 2018 recommended Sub-Division of 1 (one) Equity Share of face value of Rs. 10/- (ten) each fully paid up into 1 (one) Equity Shares of Rs. 1/- (one) each fully paid up, resulting in issuance 10 (ten) Equity Shares of Rs. 1/- (one) each fully paid up, thereby keeping the paid up capital intact, subject to the approval of the Members in the ensuing 12th Annual General Meeting. Additionally, the Board approved increase in limit of total shareholding of all Registered Foreign Portfolio Investors (FPIs)/Registered Foreign Institutional Investors (FIIs) put together from 24% up to 49% (which is present sectorial cap under existing FDI Policy) of the paid-up equity share capital of the company, which shall be subject to approval of shareholders in the ensuing Annual General Meeting and other regulatory approvals/limitations.

On 29 September 2018, the highest volume traded on its exchange in Day-Ahead Market (DAM) touched 306 MU. This is all time high record volume.

During the year 2019, the Company initiated the Buyback proposal for buy-back of up to 3,729,729 fully paid-up equity shares of Rs. 1/- each of the Company (representing 1.23% of the total number of equity shares in the paid-up share capital of the Company) at a maximum price of Rs. 185/- per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 690,000,000/- (excluding transaction costs viz. brokerage, securities transaction tax, service tax, stamp duty, etc.). The Record Date for determining the eligibility of the shareholders to participate in the Buyback was set as February 15, 2019. The Company completed the Buyback on April 11, 2019 that is within 12 months from the date of Special Resolution passed for approving the proposed buy back which is January 28, 2020.

In FY19, India achieved an installed power capacity of 356 GW and generation of about 1371 billion units with diverse generation mix comprising coal, gas, hydro, renewable and nuclear energy. During the year 2019-20, Company incorporated a wholly-owned subsidiary Company,"M/s Indian Gas Exchange Limited (IGX) on November 6, 2019. The Company started the Indian Gas Exchange in FY 2020. The Real-Time market was launched on 01 June 2020. The Green Term-Ahead Market commenced trading in August 2020 while the Green Day-Ahead Market commenced in October 2021. It signed a Memorandum of Understanding (MOU) with Power Ledger, an Australian company for peer to peer trading in India.

In FY 2021, Company launched Real Time Market which requires very high technological expertise. It helped market participants dynamically balance their power demand-supply portfolio real time in a structured way through the market platform. It upgraded the systems allowing this market to operate with nearly 100% availability. It introduced a Mixed-Integer Linear Programming (MILP) based trading algorithm, which makes it easy to introduce complex bids on the Exchange platform to meet the requirements of a changing market scenario. On April 19, 2021, it commenced Cross-border Electricity Trade with Nepal, Bangladesh, and Bhutan to build a regional power market.

In FY 2022, IGX, which was the subsidiary of IEX (the Company) became an associate of the Company on account of divestment of 4.93% stake in IGX to Indian Oil Corporation Limited, effective from 17 January 2022. It launched Hydro-power contracts in Green Term-Ahead market segment in FY 2022. It commenced the trading platform for PAT Cycle- II in financial year 2022.

In FY24, the government has set a coal production target of 1 Bn Tonnes (BT), representing a notable 12% growth compared to FY23. Simultaneously, there has been a decline in imported coal prices, which is expected to reduce eauction coal prices. Consequently, the increased availability of coal at a more affordable rate will result in a decline in clearing prices, thereby facilitating higher trading volumes on the exchange.

In order to adapt to the dynamic needs of consumers, IEX has consistently demonstrated its dedication to broadening its range of offerings. In FY23, the Company introduced several new products to cater to evolving demands. Notable additions include the High-Price Day-Ahead Market (HP DAM), which aims to increase spot market capacity during periods of high demand. Additionally, IEX launched Term-Ahead Market (TAM) contracts up to 90 days, as well as introduced Green Monthly and Green Hydro contracts to promote
environment-friendly energy. Furthermore, IEX has plans to inaugurate an Ancillary market, set to commence operations on the 1st of June.

Looking beyond current headwinds, we expect FY24E to be better as the decrease in clearing prices will lead to higher volumes, and new product launches to yield returns. Therefore, based on our revised estimates, we
maintain a BUY on IEX Ltd with a target price of Rs. 186.

Disclaimer: Information shared is only for Education purpose and not an investment advise. Kindly contact your advisor for comprehensive advise.

Ans: There are lot of development happening in Renewable energy space. So currently you can hold Suzlon with very high level of tracking on the performance of the company and stock price movement. One thing you need to note is that PROMOTOR is being selling their stake since 2 years on continuous basis which is not good sign. Secondly Institutions are also selling their stake on continuos basis and only Retail is increasing their stake and that may be trap also.

There are other good businesses to hold in renewable space rather than Suzlon. If you are already holding Suzlon than its better to evaluate on regular basis and think of exiting it in future.

Disclaimer: Information shared is only for Education purpose and not an investment advise. Kindly contact your advisor for comprehensive advise.

Ans: Based on your Risk Profile, you should not be investing in Small Cap Funds. You should have investment in Large Cap Fund, large and Midcap Fund, Flexicap funds and Midcap Funds. Your Midcap allocation also should not exceed more than 25 percent. You should also have Debt allocation in the portfolio looking at your risk profile. if you have FD or Bonds than you can consider that as pert of debt allocation and see that you have around 30 to 35% debt allocation also and remaining 65% should be Equity Funds.

I hope this helps.

Disclaimer: Information shared is only for Education purpose and not an investment advise. Kindly contact your advisor for comprehensive advise.

Ans: Kindly ask your question on what you are expecting me to solve your query

Ans: Hello,

Being a senior citizen and if you are not able to track the stock market on regular basis, i would advise to sell the equity portfolio as you are in distribution of wealth phase rather than wealth creation phase.

If you are looking for regular income from this money than you can eithert buy a HDFC limited bonds which are offering 8% interest to senior citizen and take annual payout option.

if you are looking for moderate portfolio than invest in Balanced advantage fund and start having SWP after one year to the 6% of the current value.

It better to have word with any financial advisor to design your retirement plan properly which will help you to enjoy you wealth in these golden years of your life.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Ans: You have bought this company at expensive valuation and growth is subdued in last 6 months.

SUMICHEM reported modest revenue growth of 7% YoY at Rs7.5bn (PLe Rs8.6bn), primarily on the back of domestic and exports business growth of 4% YoY and 13% YoY. Domestic business was under pressure due to a) adverse weather conditions; b) higher channel inventory; c) lower demand and d) steep decline in revenues
of fungicide segment (Tebuconazole- contributing ~10% to revenues) that impacted volume growth. However, lower demand was partially offset by better realizations (Glyphosate- Volumes under pressure; still, prices remained strong). Exports, however, continued to post double digit revenue growth (up 13% YoY) primarily driven by superior growth from Europe, Asia and Africa up 113%/60%/30% YoY in 3QFY23. Further higher channel inventory in LATAM markets have resulted in 5% YoY revenue decline during 3Q’23.

SUMICHEM launched 9 new products in the domestic market in 9MFY23 (4 insecticides, 1 fungicide, 1 metal
phosphide, and 3 PGRs). The Company launched 3 new unique proprietary 9(3) products such as Sumi Blue Diamond, Pyclome and Danitol NXT in the domestic market. Additionally, the company has recently received registrations for 2 more unique proprietary 9(3) products and is in process of commercially launching them in the market. This in-turn would support revenues and margins, in the near term.

As you have bought this company at expensive valuation and if you ready hold this company for long term than it makes sense to hold this company. Until this company will see growth in sales and profit due to new product launches, the price will remian in this range only.

Disclaimer: This information is only for educational purpose and not a buy or sell recommendation.

Ans: Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 2,000+ retail stores as of December 2022. The current weakness in demand is expected to normalise as the inflation recedes. We believe, BIL has the capability to revive its revenue growth trajectory given its strong brand recall & distribution reach and strong balance sheet. The company had paid a special dividend of Rs.50.5 in FY22 apart from the normal dividend of Rs.4 (dividend yield of ~3.8%), which will improve the return ratios going forward.

If you are a long term investor and believes in india consumption story for next 5 to 7 years plus than keep holding Bata India.

Ans: General insurance as a sector is growing at good rate but PSU companies are not showing good growth due to many issues.

You can switch your company from general insurance company to any private insurance company like ICICI Lombard etc which is growing at good rates as compared to general insuance company.

Disclaimer: This information is only for education purpose and not a recommendation to buy or sell. Please contact your financial advisor.

Ans: Kindly hold if you have long term horizon

Ans: Hello,

First of all as an investor and also managing your family finances, you need to answer following questions before deciding on which instrument you want to invest

1) Goal or financial goal or purpose of doing investment. This will matter a lot as a goal of child education and retirement needs to see with different perspective and also should have asset allocation and market cap exposure accordingly.

2) Time Horizon of your goals- this is very important as it will help you to select the asset class and it's allocation based on your time period of financial goals. This is where investor makes biggest mistake of misalignment of asset time cycle and goals time period. If you allign this properly, your journey will be quite smooth.

3) Optimum Return expectations on your capital invested-
If you are saving and investing for some better future to fulfill your goals offcourse you will ask something in return which should be respectable higher returns than inflation for long term period( more than 7 years). If you are investing in India than equity return assumptions and calculations should be based on 12% return expectations and debt it should be 6.5%. Remember that you should assume practical return assumptions ( not the highest or what your friend says) as you can put any number in the excel sheet for your mental satisfaction😃

4) Risk taken on your capital-
Risk is a very negative word being taken in india but actually it's the risk appetite and risk acceptance of an investor which makes his outcome/ returns favourable. Understand one thing that if you want high returns you have to assume high risk and there is no option for it or an investor has to be happy with sub optimal returns if he is not ready to take risk.

Risk according to me is the capacity of a person until where and when he will not have any palpation in his stomach and he can absorb the downside easily( both realised and majority of time unrealised).

After looking at all these parameters you can think of taking allocations to mutual funds and decide how much allocation to Large cap, midcap or smalll cap funds.

And after all that, i would say it's your behaviour and emotions management which will help you create wealth in the equity market.

Please share your perspective based on the above so that i can guide you with funds

I hope this helps. Happy investing

Ans: Investing Rs 5 lacs in single stock provided your total allocation to this single stock dont exceed more than 3 to 5 percent of total Equity portfolio than its fine otherwise you are taking excessive risk on the same and should move towards diversified Equity mutual funds to take exposure. But if you have existing portfolio and you want to allocate 3 to 5 % in single stock than you can look at defence & aerospace sector theme and select market leader from the same.

I hope this will help

Disclaimer: This information is just for educational purpose and not a buy or sell recommendation.

Ans: Fundamentally looks good for long term

Ans: Hello,

Glad to know that our names are same. Secondly, you also have your financial goals mentioned which is really a good sign to more forward with structured investment and tracking of your investments.

Looking at your requirement, please find the below solution from my side.

1) I am supposing that both your goals are maturing in the same year after 15 years.

2) I am assuming the returns of 12% and i am assuming that the figure which you have mentioned is already inflation adjusted which is Rs 5 crore.

Based on this information and assumption, you should have SIP of Rs 1,07,000.

I would recommend to invest in following funds:

1) large & Midcap Fund- 25%
2) Midcap Fund- 25%
3) Flexicap Fund- 25%
4) First Small Cap Fund- 13%
5) Second Small Cap Fund- 12%

You can select any good fund in these categories and stick to it for long term until and unless there are not any major changes to the fund.

Remember one thing, investment is not about selecting the best funds but 95% success in fulfilling your financial goal is managing your emotions and behavior in your journey of wealth creation.

I hope this will help you... Happy Investing...

Disclaimer: This information is only for educational purpose and it should not be taken as buy or sell recommendation. I may or may not have any position in these mutual funds or stocks while answering this question.

Ans: Hello Vasudev,

BEL has a strong business model and hold this company for long term with long term appreciation.

You can note following points:

1) Order inflow guidance intact.
2) Revenue growth likely to be boosted from new facilities.

Revenue growth for FY23 likely at 15% and 15-20% thereafter. Gross margin for FY23 is expected to remain at similar level to that in 9MFY23 i.e. at ~42%. Expect a turnover of Rs170bn in FY23.

Capex: To incur Rs6bn of capex in FY23 and Rs6bn-8bn in FY24.

Expect an order inflow of Rs155bn in Q4FY23 as discussions are almost concluded for Rs120bn worth of orders – while an additional Rs35bn is in various stages of approval. The inflow of Rs155bn assumes ordering of: 1)
Himshakti programme of Rs33bn, ii) Atulya medium-power radar of ~Rs20bn-30bn, iii) ~Rs100bn expected from naval shipyards for radars and SONAR.

New facilities to take care of growth: Company is pursuing new facilities at: 1) Nagpur, for ammunition at capex of Rs2bn; 2) Ibrahimpatnam, for land-based EW systems; 3) Nimmaluru, for advanced night vision equipment; 4) Hyderabad, for super components at an investment of Rs1bn; and 5) Anantapur, for manufacturing and integration of big systems for defence and paramilitary segments. These facilities will be commissioned in next 2-3 years.

Export orderbook is at Rs20bn.

Please hold this company for long term for decent wealth creation.

I hope this will help you. Happy Investing...

Disclaimer: This information is only for educational purpose and it should not be taken as buy or sell recommendation. I may or may not have any position in this business while answering this question.

Ans: Hello,

First of all as an investor and also managing your family finances, you need to answer following questions before deciding on which instrument you want to invest

1) Goal or financial goal or purpose of doing investment. This will matter a lot as a goal of child education and retirement needs to see with different perspective and also should have asset allocation and market cap exposure accordingly.

2) Time Horizon of your goals- this is very important as it will help you to select the asset class and it's allocation based on your time period of financial goals. This is where investor makes biggest mistake of misalignment of asset time cycle and goals time period. If you allign this properly, your journey will be quite smooth.

3) Optimum Return expectations on your capital invested-
If you are saving and investing for some better future to fulfill your goals offcourse you will ask something in return which should be respectable higher returns than inflation for long term period( more than 7 years). If you are investing in India than equity return assumptions and calculations should be based on 12% return expectations and debt it should be 6.5%. Remember that you should assume practical return assumptions ( not the highest or what your friend says) as you can put any number in the excel sheet for your mental satisfaction😃

4) Risk taken on your capital-
Risk is a very negative word being taken in india but actually it's the risk appetite and risk acceptance of an investor which makes his outcome/ returns favourable. Understand one thing that if you want high returns you have to assume high risk and there is no option for it or an investor has to be happy with sub optimal returns if he is not ready to take risk.

Risk according to me is the capacity of a person until where and when he will not have any palpation in his stomach and he can absorb the downside easily( both realised and majority of time unrealised).

After looking at all these parameters you can think of taking allocations to mutual funds and decide how much allocation to Large cap, midcap or smalll cap funds.

And after all that, i would say it's your behaviour and emotions management which will help you create wealth in the equity market.

I hope this helps. Happy investing

Ans: Hello,

There were multiple chances given to you to exit this business and the quarterly results, court order, delisting news and announcement, insolvency proceedings etc.

We dont know whether the company would have any future now. I would recommend to move on in life and focus on investing in quality businesses to create your wealth. If you are not an expert to invest in stocks than i would sincerely recommend to go through Mutual Funds route or if you want to invest in direct equities than hire some registered advisor to provide you better advise based on your goal and risk profile.

I hope this will help you

Disclaimer: This information is only for educational purpose and not a buy or sell recommendation.

Ans: Hello Suresh,

Being a fundamental investor, i would recommend you to stay away from YES BANK. There are many other good banks and companies available which an investor should focus. Value buying with quality & growth is important for long term wealth creation.

I hope this will help you.

Disclaimer: This information is only for educational purpose and not a buy or sell recommendation.

Ans: You can hold for long term.

Ans: Hi Prasanjit,

Looking at 5 years time horizon and moderate risk profile, i would suggest you to invest in Balanced Advantage funds category which will give you less volatility and smooth ride towards your goal of accumulating for school admission.

I hope this will help you.

Disclaimer: This information is only for educational purpose and not a buy or sell recommendation.

Ans: Hello Banibrata,

First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: I would request you to sell the company as business is doing really bad. As an investor, its better to move out of businesses which are not performing or have very less probability of reviving looking at current business scenario.

Happy Investing...

Disclaimer: This is only for educational purpose and not a buy or sell recommendation.

Ans: Hello Lakshmi,

In order to create the long term portfolio, you can look at following sectors for wealth creation:

1) Defence
2) Banks and Financial Services
3) Speciality Chemical and Agro Chemical
4) Industrial machinery manufactiring
5) Power Sector
6) Railway Theme
7) Infrasturcture

You can find the companies in leadership position from these sectors to invest for long term.

Happy Investing...

Disclaimer: This information is just for educational purpose and not a buy or sell recommendation.

Ans: if you are a long-term investor then hold on with ITC.

Disclaimer: This information is only for educational purpose and not a buy or sell recommendation.

Ans: Hello Gopal,

In order to create the long term portfolio, you can look at following sectors for wealth creation:

1) Defence
2) Banks and Financial Services
3) Speciality Chemical and Agro Chemical
4) Industrial machinery manufactiring
5) Power Sector
6) Railway Theme
7) Infrasturcture

You can find the companies in leadership position from these sectors to invest for long term.

Happy Investing...

Disclaimer: This information is just for educational purpose and not a buy or sell recommendation.

Ans: If you are holding Alembic Pharma than wait.

Ans: Hello Sashi,

First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: Hello Raman,

Please find the below details on Tata Communications. Business model is very good for long term holding. One should look at holding this business for long term ( 5 to 7 years) for wealth creation.

Tata Communications GlobalRapide powers enterprises with intelligent, automated, cloudfirst unified communications A single partner to drive end-to-end UCaaS business needs - An end to end managed unified communications as a service (UCaaS) to enable enterprises deliver digitally advanced, sophisticated, and intelligent collaboration experiences to employees.

With this new service, Tata Communications becomes a one-stop-shop to address all digital-first, cloud-first unified communications requirements of global businesses. Tata Communications GlobalRapide helps enterprises with identifying the right collaboration platforms, simplified migration, robust enterprise-grade communications management, and endto-end visibility, monitoring, and reporting of the collaboration solutions.

Augmented with SaaS (Software as a Service) platform-based strategy, training, and insights capabilities, the service provides businesses with usage analysis of their collaboration tools, maximising the service adoption. With this addition, Tata Communications suite of cloud-based, secure collaboration solutions now enables enterprises to unlock the full potential of their digital collaboration strategy with better visibility and control of their unified communications infrastructure.

Tata Communications and Cisco Systems expand global strategic partnership - Tata Communications, a global digital ecosystem enabler, and Cisco Systems, the worldwide leader in technology that powers the Internet, announced the expansion of their two-decades-long strategic global partnership. This new agreement is between Tata Communications and Cisco Meraki to empower enterprises with simple and easy to deploy, manage, and analyse IT infrastructure for delivering anywhere, anytime access. Cisco Meraki is on boarded within the Tata Communications ecosystem to offer a world-class suite of next-generation cloud-managed Wi-Fi services based on the latest Wi-Fi 6 technology and SD-WAN (Software-Defined Wide Area Network) services across various industries. The combined expertise ensures smoother lifecycle management and superior user experience to the enterprises’ stakeholders with greater security, efficiency, and agility.

Tata Communications offers pay-as-you-go feature on Ethernet network services in India - Tata Communications, offers ‘Bandwidth-on-Demand’ (BoD) feature on Ethernet services, delivering flexibility, improving end-user experience, and bringing cost efficiency. This enables enterprises to self provision additional capacity on a pay-as-you-go model to meet short term bandwidth needs conveniently through a self-service customer portal. With this feature, Tata Communications powers enterprises to move closer to achieving their digital-first ambitions. The new BoD feature helps customers dynamically manage, scalable and resilient Data Center (DC) connectivity. Ethernet network is built upon the strong foundation of Tata Communications DC ecosystem infrastructure, providing seamless connectivity and maximum coverage across the DC clusters in India with multiple diverse routes. Tata Communications Bandwidth-on-Demand feature on Ethernet services cater to industries such as

1) IT, ITES and the Service sectors get the flexibility which increases capacity to handle cloud backups and data replication services.
2) BFSI during scheduled data migrations and back-ups.
3) eCommerce and retail which benefits by managing network performance during annual or periodic ‘big’ sales days campaigns.
4) Media services to enhance their workflows for efficient event-based remote production

TM and Tata Communications join forces for IP Transit Services in ASEAN - Kuala Lumpur, MALAYSIA and SINGAPORE, Telekom Malaysia Berhad (TM), Malaysia’s national connectivity and digital infrastructure provider through its global and wholesale arm, TM WHOLESALE and Tata Communications, Tata Communications International Pte Ltd., join forces to offer stable, high-speed and reliable connectivity in the ASEAN region and open access to global enterprises. This collaboration will enable service providers, mobile network operators and internet service providers in the region to address their customers’ growing data connectivity needs by providing access to a global Tier 1 Internet Protocol (IP) network. This will help deliver reliable, stable Tier-1 IP Transit (IPT) service, an internet connectivity service that enables end-users to access all websites and content on the internet. This will further boost sectors such as e-commerce, online entertainment, retail, online banking and delivery services that have accelerated in recent times.

I hope this information will help you to take informed decision in Tata Communications.

Happy Investing...

Disclaimer: This information is only for educational purposes and should be taken as buy or sell recommendation.

Ans: Hello Manoj,

First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there are few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows.

Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.

Out of all Adani Companies, Adani Ports have the most comfortable position.

Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: Yes. The new tax regime introduced in Budget 2023 will be applicable to Individual and HUF

Ans: First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: Hello,

Bajaj Finance and Bajaj Finserv both are very business model in NBFC space. But you have to be careful about valuation factor. You can accumulate this business via SIP route or value averaging where you will accumulate this business over a period of time.

Make sure you are diversifying and not allocating more than 5 to 7% in any one company which will help you for smooth journey for wealth creation over a period of 10 years plus.

I hope this information will help you in taking informed decision.

Happy Investing...

Disclaimer: This information is just for educational purpose and not a buy or sell recommendation.

Ans: Hello Yogesh,

Please find my below comments on Sudarshan Chemical Limited:

1) SCIL is yet to capitalise Rs1.3bn of capex, which should be complete by end-FY23. It has capitalised Rs6.2bn by Dec’22. New capacity utilisation is low despite product approvals from clients due to underlying demand challenges.

2) SCIL expects new capacity to achieve peak utilisation in 3-4 years with incremental revenue potential of Rs15bn.

3) SCIL’s market share in India was stable due to decline in the ink segment; it has improved its market share in coatings. New players entering the coating market also add to the opportunity for SCIL to cement its position;

4) Pune land sale will help deleverage the balance sheet. FY24 will have only maintenance capex of Rs400mn. Debt repayment of Rs1.5bn is likely in FY24.

5) SCIL’s gross profit margin expanded by 210bps QoQ to 40.8% on softening raw material prices, but the benefit was restricted due to 1) high-cost inventory, and 2) the company’s cautious approach to price correction to avoid demand disruption. Gross profit declined 11.7% YoY (rose 5.2% QoQ) to Rs2.2bn, EBITDA dipped 43.6% YoY to Rs416mn, and EBITDA margin was just 7.9%. Forex loss was Rs100mn. SCIL anticipates EBITDA margin to improve with rise in revenues (operating leverage), reducing power and freight costs, and more cost optimisation measures to reduce fixed costs. Net profit fell 98.4% YoY to Rs6mn.

I hope this will help you to take informed decision in Sudarshan Chemicals Limited.

Happy Investing...

Disclaimer: This is just for educational purpose and should not be taken as buy or sell recommendation.

Ans: Hello Darsh,

As a retail investor, you should wait for sometime untill all the investigations and clarity is done on Adani group companies. As an investor there are many other good businesses in indian stock market which can give you wealth creation option.

You should invest your hard earned in more stable businesses, cash flow rich companies as peaceful investing is more important than chasing recency bias which may land up in trouble for your money and wealth creation journey.

Ans: Hello Mr Nikhil,

Following are the list of good dividend paying stocks for your reference:

1) REC Limited
2) Coal India Limited
3) Banco Products Limited
4) HUDCO
5) CESC
6) Oracle Financial Services
7) OIL India
8) Tide Water Oil
9) Powergrid Corporation
10) Shree Digvijay Cements
11) RITES
12) IRFC
13) NHPC Limited

I hope this list will help you to find good companies for your portfolio

Happy Investing...

Ans: Hello Mr Venkataswamy,

First of all we need to understand the questions being asked by Hindenberg and try to evaluate whether the allegation made by them makes any sense. If anyone goes through the Hindenberg report than the allegations and questions asked can be bifurcated into below broad categories:

1) Violations of Exchange and listed rules
2) Dubious Intra- Party Transactions
3) Use of Shell companies outside india ( Mauritius) to manuipulate the stock price
4) Money laundering through private Adani companies in listed companies of Adani inorder to look Balance sheet good.
5) Inexperienced Chartered accountants to audit the companies.
6) Using stocks as collateral for debt.

Looking at this points and also the allegations done by Hindenberg, i am fine to believe that there few acts which they taken for granted and manipulate the exchange and listing rules but calling Adani company as CON or Fraud is not what i would call this company. Companies margin are very low as compared to their cost of capital but being an infrastructure led company its takes long gestation period to realise the cash flows. Adani is playing important role in building infrasturcture in India with ports, power, airports etc and even though company is highly levered to build the assets and cash flow, the company has good physical assets in the balance sheet. Even though it may not a investible company for a retail invstor with the sort of volatility and margins they are earning.

Valuations are very much stretch with last 2 years price going to the roof. As a retail investor, one should avoid this company due to many uncertainties going forward.


Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.

Ans: Hello Mr Rohit,

First of all as an investor and also managing your family finances, you need to answer following questions before deciding on additional investments in equity markets:

1) Goal or financial goal or purpose of doing investment.
This will matter a lot as a goal of child education and retirement needs to see with different perspective and also should have asset allocation and market cap exposure accordingly.

2) Time Horizon of your goals- this is very important as it will help you to select the asset class and it's allocation based on your time period of financial goals. This is where investor makes biggest mistake of misalignment of asset time cycle and goals time period. If you allign this properly, your journey will be quite smooth.

3) Optimum Return expectations on your capital invested-
If you are saving and investing for some better future to fulfill your goals offcourse you will ask something in return which should be respectable higher returns than inflation for long term period( more than 7 years). If you are investing in India than equity return assumptions and calculations should be based on 12% return expectations and debt it should be 6.5%. Remember that you should assume practical return assumptions ( not the highest or what your friend says) as you can put any number in the excel sheet for your mental satisfaction😃

4) Risk taken on your capital-
Risk is a very negative word being taken in india but actually it's the risk appetite and risk acceptance of an investor which makes his outcome/ returns favourable. Understand one thing that if you want high returns you have to assume high risk and there is no option for it or an investor has to be happy with sub optimal returns if he is not ready to take risk.

Risk according to me is the capacity of a person until where and when he will not have any palpation in his stomach and he can absorb the downside easily( both realised and majority of time unrealised).

You should remember one thing that after deciding on above parameters, TIME IN THE MARKET IS MORE IMPORTANT RATHER THAN TIMING THE MARKET. As an investor, wealth is created over a period of DECADE and have your allocation to equity accordingly and enjoy the journey of markets which is going to be up and down.
After looking at all these parameters you can think of taking allocations to equity stocks or equity mutual funds and decide how much additional allocation to equity stocks or equity mutual funds is comfortable to you. If you dont have any prior expertise in investing in mutual funds or equity markets, its better to hire an advisor to help you do that or start with allocation in Equity Diversified mutual funds which will help you to take exposure in stocks.
Both Banking and Defence sector stocks are being allocated in various mutual fund schemes and also there are sector schemes for Banking and Financial services.
Regarding defence stocks, please find the below stocks which are considered to be having maximum benefit of Defence sector growth in india.
1) Hindustan Aeronautics Limited
2) Bharat Forge Limited
3) MTAR Technologies
4) Bharat Electronics Limited
5) Bharat Dynamics Limited
6) Rossell India Limited
7) Mishra Dhatu Nigam Limited
8) Paras Defence Space
9) Mazagaon Dock Shipbuilders
10) Solar Industries.

And after all that, i would say it's your behaviour and emotions management which will help you create wealth in the equity market.

As a retail investor, one should do the due diligence based on the above points and then one must consider the decision of investing in the company.

I hope this helps. Happy investing

Disclaimer: This is just for educational purpose and this should not be taken as advise for buy or sell.