Preferential Allotment
Recently, Sebi banned several entities from the market for using the preferential allotment route and the stock market to make illegal gains aggregating to over Rs 450 crore. As the name suggests, preferential allotment is a process of share allotment in which only a select few are allotted shares. This is done mostly as it may not always be possible -for a company in need of money -to go to the public at large and mobilize money through the public offer route. This is because public offers take substantial time and money to complete. Hence, shares are offered to a select group of people. The pricing of the shares allotted through this process is governed by Sebi rules and they have a lock-in period of a year.
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
1. ICICI Prudential Tax Plan
2. Reliance Tax Saver (ELSS) Fund
3. HDFC TaxSaver
4. DSP BlackRock Tax Saver Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. Canara Robeco Equity Tax Saver
8. IDFC Tax Advantage (ELSS) Fund
9. Axis Tax Saver Fund
10. BNP Paribas Long Term Equity Fund
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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