Monet Ispat, GIC Housing & Lanco Infra Stock Tips with Market News

The Meeting of allotment committee to approve the conversion of loan of Monet Ispat into equity will be held today. Monet Ispat Shares have already started the movements, but nothing is sure until the approval arrives. 

GIC Housing Finance has got approval from board to buy 16% stake of LIC Nomura AMC in 23 crore rupees. Expert Advice to keep eyes on GIC Housing stocks. 

The company board of Lanco Infratech has approved the CCD of 350 Crore Rupees to IDFC Bank. However, its shares doesn't look much active but there are possibilities to receive big hike today. Adani Port Land Cement has requested to SEBI for Rights Issue. Companies like Jet Airways, Godrej Consumer, Concor and Torrent Pharma will join F&O tomorrow. 

Expert Recommend to Buy Monet Ispat & Energy for target 35.86 & Buy GIC Housing Finance for target 240.13.

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Must Utilize Rights for Mutual Fund Investors

In present time, there is no hold of Share Market. Any moment we can see a sudden change, high jumps and big drops. In such situation, Mutual fund is the safest way left to invest in the market. If you are investing in mutual funds, then there are some rights given to you by the market regulator SEBI and you should properly utilize them.

• Scheme documents - Before investing in any mutual fund, it's important to check all the documents related to the scheme. The document will help you to analyze the current and past performance of the scheme. 
• Distributor Fees – Either you have invested directly or through authorized distributors, you have right to ask about the distribution commission and other transaction information. 
• All updates – You will be receiving an email or SMS regarding the updates of your investment and if you are not getting updates, then you should contact your fund house with having your pan card details. 
• Interest on Redemption amount - If you have withdrawn your mutual fund, but haven't received your money within 10 days, then fund house will give you the interest money with the rate of 15% per year.

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Riskometer for Mutual Funds

From 1 July 2015 Mutual fund investors can check risk in Mutual fund through Riskometer instead of color coding. MF Riskometer is a risk level meter showing risks up to 5 levels, fund houses can apply it immediately. It will be easier for investors to understand.

Now AMC would enter every advertisement or notice in Riskometer. SEBI believes that color coding creates confusion and many different types of funds were came in same category which was not correct.

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