Certified Personal Financial Planners Money Investment Advisors and TAX Saving ELSS Planning Chennai Bengaluru India

Sensex’2015

Posted by VRIDHI on 15/12/2014

Mr.Vivek Karwa, Chairman of the Expert Committee on “Investment, Capital Markets and Insurance” welcomes you all for the above programme Sensex 2015.

Request you to call the mentioned numbers and confirm your participation.

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GlobalVRIDHI

Posted by VRIDHI on 24/06/2014

VRIDHI services Indians residing across the world!

You need not worry about Geographical Location to avail our services

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Plan Today

Posted by VRIDHI on 18/06/2014

Want to fulfil all your Dreams? Love your Family?

Want your Family to be Happy With u & After u?

is what you require! Click Here

*Kindly ignore, in case you don’t Love your Family!

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Invest Confidently

Posted by VRIDHI on 05/06/2014

Small Investor? Don’t Worry!

 

With MFF service, even a Small Investor can get the Right Advice and invest in Stock Market. Click on the MFF Logo for all info

Large Investors can avail PortfolioVRIDHI and InvestorsARCADE service. Look at Section-3 on right side of your screen.

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Stay Connected with VRIDHI

Posted by VRIDHI on 15/07/2013

E-Mail Alerts Subscription: See on Left of your Screen

     

75% of the postings on each of the above networks are unique. Hence u can Like all.

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SEBI clarifies on Research Analysts Regulations

Posted by VRIDHI on 10/12/2014

Sebi addresses analysts’ concerns, clarifies regulations

The move follows representations made by brokerages, asset management companies and law firms, seeking clarity on the applicability of the new guidelines.

by Ashish Rukhaiyar, Anirudh Laskar 10/12/14, Mint

source: http://www.livemint.com/Money/91mldAdjjRe7nLbUzkgDWO/Sebi-addresses-analysts-concerns-clarifies-regulations.html

The Securities and Exchange Board of India (Sebi) has clarified that individual research analysts associated with registered brokerages and fund managers of mutual fund houses would not require a separate registration under the latest guidelines regulating research analysts.

The move follows representations made by brokerages, asset management companies and law firms, seeking clarity on the applicability of the new guidelines.

The new norms called Securities and Exchange Board of India (Research Analysts) Regulations, 2014 took effect on 1 December.

Among other things, it states that entities and individuals wanting to recommend stocks as research analysts need to get registered after meeting the prescribed criteria regarding qualifications, capital adequacy, establishment of internal policies and procedures, firewalls against conflict of interest, sufficient and timely disclosures, among others. In a list of frequently-asked questions (FAQs) it released on Tuesday, the regulator said individuals employed as research analysts with a registered entity are not required to obtain a separate registration certificate.

The research entity which employs individuals as research analysts is, however, required to get a registration under the new regulations.

Sebi has given six months time for entities to get registered. An email sent to Sebi remained unanswered till the time of going to press, though it clarified most of the issues through the FAQs.

Prior to the clarifications, market participants and intermediaries had raised concerns about the need for individual analysts to register before issuing any stock recommendation.

Naresh Tejwani, president of the Association of National Exchanges Members of India (ANMI), an umbrella body of brokerages, felt that the guidelines should be made applicable only to individual analysts who are not associated with any registered intermediary.

“Brokers are already registered with Sebi and are subject to internal audits along with inspection by Sebi. During the consultation phase, we had requested Sebi to keep brokers out of the purview of this regulation. It can be made mandatory for the many so-called freelance analysts. Brokers have been kept out of regulations for investment advisors as well,” said Tejwani.

Further, Sebi has clarified that the definition of research report in the latest norms does not include comments on general market trends, broad-based indices, economic, political and market conditions.

Periodic reports or other communications prepared for unit holders of mutual funds or alternative investment funds, or clients of portfolio managers also will not fall under the category.

Statistical summaries of financial data of a company or technical analyses on demand and supply in a particular sector or index too are exempted from the scope of definition of research reports.

The new regulations would not be applicable on investment advisors, credit rating agencies, portfolio managers, asset management companies, fund managers of alternative investment funds or venture capital funds, Sebi clarified.

Amit Tandon, the founder and managing director of Institutional Investor Advisory Services (IiAS), a proxy advisory firm, said the capital market regulator seems to be ensuring that there is no discrimination in the treatment of investors.

“A wealth manager cannot suggest one investor to buy a particular stock and another investor to sell the same stock or asset. Similarly, for managers handling a fund-raising mandate for a particular company, Sebi wants to ensure that there is no foul play before the float, so that investors can take an informed and fair decision,” said Tandon.

Taking a strict view, Sebi has also clarified that the regulator can take penal action against erring research analysts in the form of cancellation of registration or debarment.

Sandeep Parekh of Finsec Law Advisors, a corporate law firm, is of the view that the regulations would impact the free flow of information and that Sebi could have just laid down a code of conduct rather than full-fledged regulations.

As per the guidelines, a research analyst or his associate cannot trade in a stock within 30 days before and five days after the publication of a research report on that particular stock.

While the intent of Sebi is believed to be to safeguard the interest of investors from any kind of biased or manipulative research reports, market intermediaries say the vast definition of analysts along with the other requirements could make it difficult for brokerages to carry out the routine advisory functions.

In a recent blog, Jayanth R. Varma, professor of finance and accounting at the Indian Institute of Management-Ahmedabad (IIM-A), said the regulations use a “very expansive definition” of a research analyst.

Regulations of this kind are a form of regulatory overreach that must be prevented by narrowly circumscribing the powers of regulators in the statute itself, said Varma, who has earlier worked with Sebi as an executive director.

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VRIDHI Muthalitaalargal Kootam

Posted by VRIDHI on 02/12/2014

Announcing, Interactive Investors Meeting “VRIDHI Muthalitaalargal Kootam

on Sunday, 7/12/2014 10 a.m. to 12 Noon

*Confirmations on First Come First Serve Basis only. Click Here for details.

~No Fee~

Post program update – 7/12/2014

We had a houseful session and had good interaction. Most of the investors were with less than 3 yrs experience in the market and some had even lost money! We all tried to find out the reasons for losing money in the markets and wish they make money in future.

The most unique part was that majority of those present where young and were keen to learn more. We didn’t have discussions on what to buy or sell but the session was fruitful since most of the discussions revolved around Fundamentals which is the key to make money!

Below is a picture of the meeting. Those who were present are free to comment and give your opinions. Others are also welcome with comments.

You can subscribe for email alerts (look at your left side of the screen) and stay posted for future meetings.

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SEBI Research Analysts Regulations

Posted by VRIDHI on 01/12/2014

#SEBI has announced that the new Research Analysts Regulations will come into force from today (1/12/2014) onwards.

Hence, all analysts will have to refrain from giving Stock Specific advice on platforms which can be accessed by public, like Websites, TV, Radio, Print, SMS, Whatsapp, Facebook, etc,. Analysts cannot talk stock specific until they are Exempt or until they Register under the new regulations. Registration will cost Individuals Rs.15000/- totally and companies like VRIDHI Rs.5.5 Lacs totally!

We however can continue talking on Market Outlook and Sector Outlook.

News Link: http://www.thehindubusinessline.com/markets/from-dec-1-only-registered-analysts-can-give-recommendations-sebi/article6643934.ece

News Link: http://www.business-standard.com/article/markets/some-research-analysts-might-stay-away-from-media-114120100040_1.html

Download the Regulations file: http://www.sebi.gov.in/cms/sebi_data/commondocs/RESEARCHANALYSTS-regulations_p.pdf

Mr.Vivek Karwa will be doing his first show on 2/12/2014 at 9.30am Live on Sun News, as per the New Regulations! Do Watch.

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Certified SEBI Registered Personal Investment Advisers Planners in Chennai India Rakesh Jhunjhunwala Portfolio, Financial Planning Presentations, Stock Market Tips, MarketFastFood Market Fast Food Money Advisors In Chennai India Financial Planners in Chennai India Financial Planning Companies in Chennai India Money Advisers in Chennai India Mutual Funds Advisors in Chennai India Investment Advisory Chennai Bengaluru India Systematic Investment Plan Mutual Fund SIP Mutual Fund ELSS Tax Saving Scheme

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Few Words on Market…

Posted by VRIDHI on 22/11/2014

by Vivek Karwa, CPFA., CFPCM

141121 – In the previous article we were waiting for the state election results of Maharashtra and Haryana as they were seen as referendum on the present govt. The Prime Minister has only got stronger with the results and we as a country do need decisive leadership to take on to the world at this juncture.

The Prime Minister after assuming office had asked every minister to prepare a power point presentation on what they would do in the next six months. The ministers were evaluated during the cabinet expansion recently and those who fell short in performance, were replaced with other people. This is a typical corporate style evaluation, where the CEO just terminates the underperformers! If this method is benefiting the country then let the same continue.

A leader’s job is to lead and show the way, the present government is coming up with various innovative ideas which have started making people think! The market is taking all these very positively and all the investors are just hoping that the momentum of the same continues. The Make In India campaign will surely encourage many to start manufacturing in the country and the government soon may ease the policies so that this campaign becomes a reality.

There are many more such programs which have already been announced by the government which over the period of time will surely benefit the country. It should be every Indians dream that we see a strong Bharat, a Bharat which can show the way to the world, how long should we continue to be slaves?

Even in stock market we are still slaves! More than majority shareholding in both Sensex and Nifty are held by foreign funds! We use their products day in and day out and think we are buying products of Hindustani company! Just because a company has Hindustan as a name doesn’t mean they are Hindustani..!

The government and SEBI should come out with ideas which can lead to real financial inclusion! With just four odd percent of population investing in equities and rest all investing in depreciating assets (depreciating net off inflation) will never make our population rich. Whenever the market goes up we see retail investors going out and the foreign investors buying our businesses! This has to change and this cannot happen without the government and the regulators taking up the matter serious.

With inflation, crude and most likely the interest rates coming down soon, we may see markets continue doing well. The earnings expectations have started rising and every fund manager of foreign research houses and brokerages are bullish on India with the present government moving slow but steadily on the right track.

Even at this point of time one should avoid buying debt ridden companies and the real estate companies, though they benefit when the interest rates start coming down. Even the gold financing companies should be avoided. One would most probably make real positive returns if they are betting on the market with a three to five year investment horizon.

This Article will be Printed in the Investors Digest Magazine of TamilNadu Investors Association (SEBI Recognized)

Disclosure:- It is safe to assume that the author may have interest in the sectors recommended in this news letter. Seeking personal advice from your Financial Advisor is recommended before acting on any of the substance given herein. The numbers, figures, etc., presented may have been taken from various sources.

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