Wednesday, 11 April 2012

Rs 10,000 becomes Rs 413 crores in 29 Years - Must Read


Suppose You Bought Wipro 100 share value Rs. 100 in 1980
1981 ,1:1 Bonus =200 shares
1985,1:1 Bonus =400 shares
1986 split to  Rs 10 =4000 shares
1987,1 :1 Bonus =8000
1989, 1:1 Bonus =16000
1992 ,1:1 Bonus =32000
1995 ,1:1 Bonus =64000
1997 ,2:1 Bonus =1,92,000
1999 Split to Rs 2 =9,60,000
2004 2:1 Bonus =28,80,000
2005 1:1 Bonus =57,60,000
2010 3:2 Bonus =96,00,000
Today’s Rate  Rs 431
You Earn Rs 413 Crore !!
      If a business does well, the stock eventually follows-Warren Buffett

Wednesday, 4 April 2012

Save tax and create wealth

Do you just handover your hard earned money as Taxes?

The Government of India through the Income Tax Act, 1961 allows you to save upto Rs. 33,990 as taxes if you make specific investments. Investment in Equity Linked Savings Scheme (ELSS) is one such avenue. 
ELSS do not just provide you with Tax Savings but also ensure that your investment is managed by Financial Experts who manage your money with an intention to provide you with wealth creation in the long term.