There is nothing called a Job Guarantee

Cyrus Mistry, Financial Planning, Tata Sons, Tata Cyrus Mistry, Cyrus Mistry Fired, Cyrus Mistry Resigns

Happy Diwali


Do watch Mr.Vivek Karwa in Special Diwali Show on Sun News channel at 9.30am on 22/10/2014

Three online EPF services you should use

One can now check balance, download account statement showing contributions and track claim status

Deepti Bhaskaran, Mint 16/12/12


For a salaried employee, Employees’ Provident Fund (EPF) is one of the main investment vehicles for building a retirement corpus. Unfortunately, other than the return on investment and tax incentives that EPF offers, the system is fraught with administrative bugs that make this vehicle painful to track. But if the developments in the last couple of years are any indication, things are gradually changing for the better.

You don’t need to wait for the EPF slip that your employer hands you every year to know the status of your EPF investments anymore. Now, you can not only get the balance in your EPF account online but also generate an account statement. Not only that, you can also track the status of your claims online.

Mint Money explains the three big benefits that technology has brought to EPF.

EPF balance online

In 2011, Employees’ Provident Fund Organization (EPFO) started an online facility called “know your EPF balance”. You can access this facility through the website of EPFO, or you could access this facility directly here.

This facility tells you the contributions made by you and your employer and the interest earned on that money as on a given date. Remember you contribute 12% of your salary in EPF and your employer matches that contribution. “EPFO credits the interest only at the end of a financial year, so interest is available only of the last financial year. Contributions, however, will reflect as updated in the system,”says B.K. Panda, additional central provident fund commissioner information service.

This facility is available to active members who make regular contributions in their EPF accounts. “For employees with an inactive account where no contribution has been made for the last 36 months, this facility is not available for security reasons,” says Panda.

To know your EPF balance you need to know two things: the state in which your regional PF office is located and your account number. Once you select the state, you will be taken to the next page having regional code and office code. Check your account number that will have this information. The EPF account number is alphanumeric in which the first two entries indicate the regional office in which your company submits the PF contribution. For instance, if your company contributes in the regional office of EPF in Mumbai, the entry will look like MH/BAN. MH here stands for Maharasthra and BAN stands for Bandra.

The next entry of your account number will be in digits. First will be the establishment code or employer code followed by an extension number and then the employee’s account number. As you click on the boxes, a text will appear at the bottom of the box indicating the entries that you need to make.

After keying in your account number, enter your name and mobile number. EPF will text message you the account balance. The text will have two figures: EE and ER. EE here means the contribution made by you, the employee, and ER means the contribution made by your employer.

Downloading account statement

To take the concept of “know your balance” to the next level, EPFO launched an e-passbook service for EPF members last month. Also, unlike “know your balance” that does not give you the most recent account balance information, e-passbook gives you an up to date account statement. This has been made possible after EPFO moved the system of contributions by the employer from a manual mode to an electronic form. “Earlier employers would contribute in lump sum a few times in a year but would give the break-up of the contributions and the number of employees only at the end. And then we had to reconcile the two which took time,” says Panda. “But with the electronic system in place they need to give the break-up of contributions along with the contributions they make. Now we are able to update the accounts of EPF members immediately,” he says.

This facility is available only if your employer has uploaded contributions to your account electronically for May 2012 onwards.

For you, this means you get to download an e-passbook that will give you break up of your contributions, the contributions of your employer, contributions made to the employees’ pension scheme and the interest credited to your account. Think of it like a bank account statement which captures all the transactions in the account.

The process is simple. Go to the website and click on “member portal” or you can directly go to this webpage. You first need to register yourself. For this you need to give your name, mobile number, date of birth and the number of one identification card. You could choose from identity proofs such as permanent account number, bank account number, driving licence number, passport number, ration card number, voter identity card number, unique identification number or national population register number. Once you fill up this information, a verification number will go to your phone and you will need to verify that number on the webpage. Once this is done, you get registered as a member of the EPFO.

Once in your account, click on download e-passbook, from here on the process is pretty much similar to the process of “know your balance”. Select the state of the regional PF office with which you have an account, fill up the employer code and your code.

But in this case, another verification, personal identification number (PIN), is sent to your mobile number. Key that in and you will get your account passbook in a PDF format. “We have mapped the account numbers to mobile phones. So once an account is opened under one mobile number, it can’t be accessed by another mobile number. To ensure that the same person has access to this account a PIN is sent for verification to ensure security,” says Panda.

Also remember that you can generate multiple account statements, but if your account is inoperative for more than 36 months, you do not have access to this facility.

Track your claims online

This facility allows you to track the status of your claim online. Claim here means withdrawals from EPF or transfer of accounts. To encash your account you need to fill up Form 19 and submit it with the human resource (HR) department of your previous office. In the back end, the HR department will submit the form with the regional PF office which will then initiate a process of transferring the balance in your EPF account to you. Once your forms reach the EPF office, your claim gets registered and you can track your claim.

For transferring your account you need to fill up Form 13. You can give this form to your present employer who will facilitate the transfer. The EPF will register the claim after it reaches the EPF office. Again you need to follow the steps mentioned above. Click on “know your claim status” and give details of your account. The webpage will indicate your claim status.

But this facility is not as effective. For instance, the records are not updated. “Earlier claims were handled manually. But in the last couple of years, we have computerized the system. So claims made in the last couple of years should be easy to track,” says Panda. Also the system doesn’t give you a stipulated time frame to settle the claim. “Ideally, claims get settled in 30 days but we have such a huge backlog that there are delays. As of now, we have settled about 87% of our claims within 30 days,” says Panda. Also, you can track your claim only once it is registered with the EPF. If there are delays from the HR department, this facility is of no use.

EPFO is taking some positive steps towards making EPF more accessible. Use these facilities to keep a tab on your account.


Wealth Management, Wealth Management Companies in Chennai India, Private Wealth Management Companies in Chennai India, Wealth Management Advisors in Chennai India, wealth managers in india, list of wealth managers in india, wealth managers in Chennai, wealth management in india ppt, Certified Wealth Managers in Chennai India, Professional wealth management companies Chennai India, wealth management in india, wealth management course, Private Equity Investment Advisors Chennai India, How to Invest in Start up companies, PE Investment Advisors Chennai India, India Chennai Wealth Advisors Managers Chennai India, Rajiv Gandhi Equity Savings Scheme

Benefit from the present Ugly Scenario

The Present Economic Scenario, both within India and Globally is very Fragile and Ugly.

The Interest Rates are High, Inflation has made a Big Hole in Household Budgets, Stock Markets are moving lower by the day, No one is willing to take any Risk.

Even in these circumstances, one can Invest Sensibly and take advantage of the situation with Minimal Risk.

Investors with a Time Horizon of upto 3 yrs can get in touch with us.

VRIDHI – “Planning, for Your Financial Prosperity”

Rakesh Jhunjhunwala September 2011 Stock Holdings

Rakesh Jhunjhunwala – September 2011 Holdings

The Holdings are in the format:

Company Name, %Holding, No of Shares (in Lakhs), Value in Rs.Crores

A2Z Maintenance and Engineering Services
17.22, 127.73, 255

Viceroy Hotels
10.02, 42.50, 11

Geojit BNP Paribas Financial Services
7.88, 180.00, 34

7.75, 5.50, 460

Praj Industries
7.39, 136.54, 98

Titan Industries
7.28, 646.67, 1,466

Ion Exchange (India)
6.48, 8.75, 12

6.30, 39.40, 16

Zen Technologies
5.06, 4.50, 4

Adinath Exim Resources Ltd
4.59, 1.89, 0

Prime Focus
4.55, 63.25, 38

Agro Tech Foods
4.52, 11.01, 46

VIP Industries
4.47, 12.63, 122

Autoline Industries
4.26, 5.20, 6

Delta Corp
3.72, 75.00, 80

Rallis India
3.25, 6.31, 11

Rallis India
3.23, 6.28, 11

Titan Industries
2.49, 221.16, 501

Orchid Chemicals and Pharmaceuticals
2.48, 17.50, 34

Alphageo (India)
2.43, 1.25, 1

Reliance Broadcast Network
2.20, 17.50, 15

VIP Industries
1.96, 5.55, 54

1.95, 50.00, 33

A2Z Maintenance and Engineering Services
1.89, 14.00, 28

1.80, 12.50, 6

Prime Focus
1.80, 24.95, 15

1.73, 77.30, 366

Provogue (India)
1.66, 19.00, 6

Mcnally Bharat Engineering
1.48, 4.60, 6

Hindustan Oil Exploration Company
1.38, 18.00, 23

Pantaloon Retail (India) – B-DVR
1.32, 2.11, 4

Hindustan Oil Exploration Company
1.27, 16.60, 21

Viceroy Hotels
1.18, 5.00, 1

Orchid Chemicals and Pharmaceuticals
1.06, 7.50, 15


Rakesh Jhunjhunwala Portfolio Details September 2011, Warren Buffet Portfolio Details, Stock Holdings of Rakesh Jhunjhunwala, Stock Holdings of Warren Buffet, Recommendations of Vivek Karwa VRIDHI, VRIDHI Facebook Fan Page, VRIDHI Twitter, MarketFastFood Twitter, CFP, CFP Course, Financial Planners Chennai

Rakesh Jhunjhunwala – market view

Source: Fwd Mail (published in ET, review by first post)

No one in the market will tell you that stock prices are going to crash. To figure that out, you have to read between the lines when they talk a lot. In a recent interview published by The Economic Times, India’s ace investor Rakesh Jhunjhunwala gave his take on the direction the markets will take and his conclusions are clear: it is headed downwards for now. Nirvana—making money—is only for the long-term.

Firstpost takes a close look at some of the things intoned by Jhunjhunwala— who is considered India’s Warren Buffett — and decodes them for a wider audience. While the newspaper interview focuses a lot on Jhunjhunwala’s own investments in companies like Titan, Lupin, VIP Industries, Relish and Orchid Chemicals, the real message is in the attitude he brings to investing. His message: don’t trade, but invest in the India story.

Here’s what he said, and what his words could mean (in italics):

Jhunjhunwala: The next three months will be very difficult for the markets. Chances to break down seem greater than the chances to break up.

  • Firstpost take: The market is headed downwards, if not for a crash. No one knows how the next few months will pan out since we don’t know whether the monsoons will be good and the economy will pick up steam. By August, the market will have a clearer sense of direction. If all things work out positively, the market could pick up. So watch the monsoon and price trends.

The most important thing is inflation because it controls everything, be it interest rates or growth. The second headwind is sheer government inaction….

  • This means all depends on governance – of which there is no sign. Inflation will partly depend on the monsoon, but that could be complicated by the Food Security Act, which will need huge amounts of grain to be sold at Rs 2-3 a kg for wheat and rice. It could make inflation worse. As for governance, bureaucrats are already slowing down action for fear of the law. The granaries are full with wheat and rice, but no one is willing to take a call on exports. This means grain will rot partly in the godowns. The 2G scam and investigations are far from over, and governance will not improve till the UPA re-discovers its will to act. Net-net: even after three months, the market could continue its slide.

I am bullish in the longer period – three, five, 10 years. (The golden period for Indian equities) has not even started. The golden period is still ahead.

  • What Jhunjhunwala means is that the long-term India story does not depend on government improving things. The economy will grow on its own, given the demographic advantage India has (with a youthful population driving growth and consumption), and the fact that the population is grossly underinvested in equity. At some point, pension and provident funds have to get into equity, and foreign institutional investors have to return. At that point, equity will make a killing. But Jhunjhunwala does not know when that will happen.

The world is undoubtedly slowing. In western societies, the slowdown is due to structural and economic challenges, while in developing economies it is due to governments’ fight against inflation…. If commodity prices correct and we have a good monsoon, we will have a very good year (in 2012-13). It is difficult to predict what will happen in 2013. One worry is that the euro will break. There is no doubt that Greece will default.

  • Jhunjhunwala is essentially saying that the real growth risks are outside India, with the US facing a problem of excess debts, Greece about to default, and Japan facing a permanent slowdown due to an ageing population and the aftermath of the nuclear disaster. But in the developing world, the economies have clearly overheated – India and China are now slowing down in order to control inflation and avoid a macroeconomic crisis. Net-net: the prospects for the next one year are not too good, either globally or in India. After that, the jury is out.

I wish I could find the next Titan. I do not see any on the horizon. Titan may get expensive for six months, but that does not change the long-term prospects…

  • Jhunjhunwala made a killing by buying Titan shares and says he does not see many more Titans on the horizon for now. But this need not be taken at face value. What he means is that if he finds a Titan, he will invest in it first before he talks. Even if he has invested in it, he will not talk ill of it till he has sold it. Which is why he still says Titan is a good long-term prospect…It means chances of making big money in the short-term in this stock are weak.

I have never liked real estate stocks as they are laden with debt and there is no genuine cash flow. There is no scalability. There will be further distortion in these stocks in the next three months.

  • In other words, forget real estate stocks. They should be avoided like the plague. They will not deliver value, and they will destroy further value before they get to become good investments – if ever.

Banking will grow in India but the question is efficiency. If you look at SBI, there is growth every year, but the cost-to-income ratio just does not go down… (But) I would not say yes, I would not say no (to buying public sector bank shares). It depends on the situations…

  • Jhunjhunwala is unlikely to buy public sector banks. His own investments are in two old private sector banks – Karur Vysya and Federal Bank, based in Tamil Nadu and Kerala. Public sector banks won’t do well unless they have real autonomy, and become productive by increasing the profits per employee. In short, they have to deliver more before he considers buying them, though there may be exceptions…

I am not as bullish on commodities as other people are…

  • High commodity prices are a double-edged sword for India. If it means costlier oil, it means more inflation, and slower growth. If it means costlier steel and cement, it also means higher inflation, but with better profits for big companies like Tata Steel, Hindalco, Grasim and ACC. High commodity prices are not so good for a new oil importer like India. If he is bullish on commodities, he has to be less bullish on India’s medium term prospects.

I don’t think (interest rates in the system have peaked out). We will get further hikes.

  • Given high inflation, the RBI will keep raising rates till either (1) growth slows to a crawl, or (2) inflation falls below 5%, or (3) both. This means the short-term scenario for banks is a profit squeeze unless they can manage their costs better. One more reason not to buy public sector bank shares for now.

Equity will give me 15-25% post-tax return. I cannot do any business, any investment, which can give me a higher post-tax return on large volumes.

  • This is bad news for India Inc. If equity will always give more returns than manufacturing and services, who will invest in industries that create jobs? Everybody will become a market operator.

Don’t trade is the first thing (I would advice investors). And you should invest in monthly schemes so that you get to invest at all levels in the market. Believe in the India story and you will make money.

  • In short, buy only for the long term, and in companies that are well-run and have staying power. In the short run, there may be bad news. But in the long-term, India will deliver.


Chennai Stock Broking, Chennai Financial Planner, Certified Financial Planner Chennai, Chennai Personal Financial Advisor, Mutual Fund Advisor Chennai, Stock Tips, Portfolio Management Chennai, Stock Market Investing, Black Money in Swiss Banks

Rakesh Jhunjhunwala: ‘I don’t control, I grab the opportunity’

4/6/2011, Times of India

In 1985, when Big Bull Rakesh Jhunjhunwala entered the market with Rs 5,000 as his initial capital, his dream was to earn about Rs 1 lakh a month. Now after journeying through a little over a quarter a century, even the man himself doesn’t remember when he had crossed that dream to enter into the current realty of probably earning much more than a lakh of rupees every hour.

So when we meet the last Big Bull of his generation at his 15th floor office at Nariman Bhavan in Mumbai’s central business district of Nariman Point, naturally a good part of the conversation is about his wealth along with others like the ethics, tricks and the secrets of the trade.

Although various estimates put his total wealth above $1 billion, 51-year-old Jhunjhunwala wouldn’t reveal a specific number. Instead his answer is a rather diplomatic and prosaic; "I have far less wealth than people think but I have much more than I need". But he is candid enough to add that the first time he was listed among the country’s richest, his father, a tax man whom the junior Jhunjhunwala idolizes, was happy about his son’s achievements. "He asked me to use more of it for charity," he says adding that that is something he has been trying to do seriously.

Whatever be his net worth, the fact remains he is the most watched man on Dalal Street. People want to know what he is buying, what he thinks of the market trends. At times there is an ‘irrational exuberance’ in a counter just because it is rumoured that Jhunjhunwala is interested in the company and its business.

It was Sesa Goa and Tata Power that he started off with in the mid-1980s, Jhunjhunwala reminisces, sitting across the corner office, which surprisingly doesn’t have any TV. What it has, however, is a lovely view of the Arabian Sea.

That’s where Jhunjhunwala, a trained chartered accountant, tasted the smell of money. Crisil, Titan, Praj Industries are some other stocks in which he has made loads of money. So is there a common thread to his stock selection? It’s his knack to pick stocks with strong under-valuations and long-term prospects. At present, "retail and banking are the sectors to watch out for," he revealed. Rather strange for a man who is known not to reveal any of his bets.

Although considered to be a Big Bull on the Street, unlike some of the discredited players in the past who also carried the same title, Jhunjhunwala doesn’t want to control the market. To a pointed question that how he is different from them, he said; "I don’t want to control the opportunity. Rather I grab the opportunity". "Greed and immaturity are the two things to avoid… I would never manipulate a stock. I know the road to Arthur Road Jail and I would not like to take that path," was his admission about his approach to the market. And since opportunities don’t come regularly, by his own admission, wealth has come to him in spurts. "It doesn’t come when you deserve it," he says taking a deep puff on a cigarette.

So we ask him what we believe many have asked him before: How does he select a stock before investing in it? There are several parameters, Jhunjhunwala says, handing out a booklet. First is to look at the opportunity. Infosys in IT, Titan in consumption, Colgate in toothpaste are some of the examples here. Then one should look for competitive advantage, like capital, branding, location, etc. "The third thing is scalability. A friend asked me do you invest in large cap or small cap. My answer is I invest in a small cap which will become a large cap. There the scalability is the key," Jhunjhunwala said. The quality of people which is difficult to judge, and the ability to generate cash are the other considerations. "And above all, it should be available at a good price," Jhunjhunwala added.

But besides the fundamentals, what is the underlying philosophy of his investments? "We invest out of ignorance. We invest in the future which is uncertain we invest in the realms of possibility," he said. "I invest in 25 different businesses and I can’t understand them all. We go by our basic understanding. All these (investment) judgments are with half knowledge," he adds. So does luck play a part? "I believe in one thing: What I am today is because of the grace of god and blessings of my elders," he confesses.

Jhunjhunwala literally needs something to chew on while we talk. So in the middle of a couple of smokes and a round of coffee, he digs into a plate of assorted Gujarati snacks (including fafdas), followed by a plate of neatly cut apples, and rounded it up, like a good Indian meal, with a paan.

So what next for the man who made millions on Dalal Street? "(Now) the dream is to replicate internationally what I have done in India," he said. So probably, Wall Street and the City of London should prepare for the arrival of brand Jhunjhunwala.

Over the years, how many mistakes has Jhunjhunwala made? "I have made many more mistakes than people know." Some of those were while investing in unlisted stocks, currently in terms of value which constitute about 15% of his wealth. We shift the conversation on to his recent efforts to sell the A2Z Maintenance & Engineering story through its IPO, in which he was one of the investors for the last few years and offered some shares in the issue? "The market rejected what my view is." Although he has other unlisted companies to take public, he has vowed not to offer for sale any shares in any future public offers. Another mistake, he says, is not taking care of his health the way he should have.

Lately, charity is the ‘in thing’ for the world’s super-rich, thanks to Warren Buffett. What’s Jhunjhunwala’s take on this? "For me good deeds and charity are done not to bring in good luck, but they are duties." He supports a home for poor children in Bangalore.

During Buffett’s visit to India, Jhunjhunwala was among those select few who had a private meeting with the chief of Berkshire Hathaway. Was there any rub-off effect on him? "After meeting Buffett, and Bill and Melinda Gates, my charity quotient has gone up substantially". He says he intends to give ‘a good percentage’ of his wealth to charity. But how much is ‘a good percentage’? He won’t give a number, but adds, "My wife is an equal partner in our wealth and I still have to discuss this matter with her." Given that charity is a flavour of the season, it wouldn’t perhaps be too long before the man, who by his own admission has enough for himself, to loosen his purse strings.


Mutual Fund Advisor Chennai, Stock Tips, Portfolio Management Chennai, Stock Market Investing, Black Money in Swiss Banks, Rakesh Jhunjhunwala, Vivek Karwa, Sudarshan Sukhani, Ashwini Gujral, Warren Buffet,Technical Analysis