Welcome to my new Journey
For long, I had a desire to pen my thoughts on various issues which impacts my country. I had been writing for various newspapers in different columns related to public opinion since 1993. However, the journey took a halt in 1996 when I chose to opt for doing Chartered Accountancy course. However after doing my CA, I joined a publishing company where I contributed to the bi-weekly newspaper, but again the content was focused on matters relating to economy, corporate world, Tax, Currency etc.
I had been writing on Invetments since the launch of Investment Guru Blog in May 2005 and exactly 3 years later I am here with another journey in the field of journalism...I have written an inaugural post on my new blog which will carry my thoughts on various issues except stock markets ( which I would anyway continue to cover through Investment Guru Blog).
My new blog named "Rajesh Soni" is basically focused on my thoughts on various events and happening that go on to revolutionise India and issues that are a roadblock in India's progress. So join me in my journey to discover and revolutionise India and I encourage you to post your comments so that we can make meaningful impact through our readers.
Click here to read my new blog
Read More!
Top 5 Tax saving Mutual Fund Schemes
Invest in these Schemes for best of Safety and Returns
Most of us have received emails from our HR/Admin asking us to submit the proof of Investments for the purpose of Tax Savings before a specified date and I am sure a lot of us are still in thinking mode as to where to invest for Tax savings. I had written a post last year (How to Invest for Tax Savings?) on the various avenues of tax savings and one more post on Top 5 tax saving funds. Well things have changed from last year in terms of stock market performance and it's right time to review which tax saving or ELSS (Equity linked saving schemes) should we invest in. Well, when I compared the tax saving schemes last year, I concentrated on the Top performing funds over a 5 year and 3 Year timeframe. We are currently going through such a phase in the stock markets which makes us think of saftey of our investments too. Hence I have introduced one more filter in terms of Risk profile of each fund (based on Standard deviation) and Yes, there are new entrants this time and postions have shuffled. Though we normally look at a Three year reutrn for determining which fund to invest in for tax saving purposes, I would suggest that we give some weightage to 1 year return also this time around. Why ? Because, this year had a good mix in terms of both sharp upside moves and sharp downside moves. So position as of 5th February would give an idea of how successful was the fund to manage this situation. we will have an idea of how the fund was able to withstand bouts of volatility. So let's have a look on the top 5 tax saving funds worth investing for purpose of claiming tax benefit under Sec. 80C of Income tax Act.
No. 5 Franklin India Taxshield
NAV : Rs. 174.1
Risk Rating : 3
Overall rating : 5
This is a new entrant in our Top 5 pipping Sundaram BNP on acount of excellent Risk Rating.
The fund has above 35,000 crore Avg. Mkt. capitalisation and equity exposure is more tha 97& of the assets. Top holdings include Reliance Industries, HDFC, L&T, ICICI Bank and Bharti Airtel. Financial Services, Technology and Energy are the top sectors where the fund is invested.
No. 4 Birla Equity
NAV : Rs. 76.47
Risk Rating : 5
Overall rating : 4
Another new entrant in our list of Top 5 tax saving schemes. Birla Equity offers excellent returns from all parameters,but standard deviation of 24.42 , this growth comes with comparatively high risk. The fund has 9394 crorr of AMC with high exposure in Engineering, Services and Financial service sectors. Top holdings include ABB, TRF, Gammon India, Welspun Gujarat and Goodyear India. Top 5 holdings constitutes 20% of its portfolio.
No. 3 HDFC Tax Saver
NAV : Rs. 179.05
Risk Rating : 4
Overall rating : 3
This fund was at No. 2 in the last year Top 5 funds ranking of Investment Guru. But has slipped to No. 3 this year. Well, the fund is second best in terms of 5 year return but scores poorly on 1 year return. Moreover, the Risk rating at 4 is the major reason for it slipping to No. 3 slot. So new filters had a impact on its ratings.
With Avg. market capitalisation of Rs. 23204 crore, the fund has top holdings in Basic Engineering, Financial Services and Energy sectors. Top 5 holdings include ICICI bank, L&T, ITC, Crompton greaves and Reliance Industries.
No. 2 HDFC Long term Advantage Fund
NAV : Rs. 114.99
Risk Rating : 1
Overall rating : 2
Well this chap has overshdowed its elder brother " HDFC Tax saver funds" and has emerged as the star performer from the HDFC stable. Top holdings include ICICI Bank, Reliance Industries, Blue Star, SBI and Crompton Greaves. But why, HDFC Tax saver fund has better 5 Year, 3 year and 1 Year retrun than this scheme, so why Long term Advantage fund at No. 2 ? Well in the year when investors are realising that saftey of investmnet is as important as the return, why would a fund that has got "THE BEST" risk rating should not stand at No. 2 in our rankings. With standard deviation of 19.84 this scheme has outperformed all the others in Top 5 by a big margin. So for those of us, who places safety as the utmost important factor, HDFC Long term Advantage fund offers the best place to invest. But wait, what if you are OK with second best in Safety and No. 1 in returns ......read on
No. 1 SBI Magnum Taxgain
NAV : Rs. 61.65
Risk Rating : 2
Overall rating : 1
The True leader in its class, SBI Magnum Taxgain has managed to remain at No. 1 even this year. With Standard deviation of 22.13 it has managed to be second best in terms of satefy of returns. In terms of performance it has beaten its nearest rival HDFC or any of the Other 4 Top picks by a big margin.
With Avg. mkt. cap of above 27000 crore and with equity to debt mix of 88:12, the fund has Reliance Industries, JP Associates, Welspun Gujarat, Reliance Communications and L&T as its major holdings. The Top Three sector in which the fund has exposure are Energy, Financial Services and Diversified.
My advice would be to go for SBI Magnum tax gain for claiming tax benefits under sec. 80 C of the Income Tax Act. The fund not only provides excellent safety in terms of "Low" risk but also offers highest return on all parameters among the Top 5 schemes.
For those who want capital appreciation can go for Growth option. Those like me who are willing to get regular liquidity in form of tax free dividends, opt for Dividend Payment option. Read More!
Most of us have received emails from our HR/Admin asking us to submit the proof of Investments for the purpose of Tax Savings before a specified date and I am sure a lot of us are still in thinking mode as to where to invest for Tax savings. I had written a post last year (How to Invest for Tax Savings?) on the various avenues of tax savings and one more post on Top 5 tax saving funds. Well things have changed from last year in terms of stock market performance and it's right time to review which tax saving or ELSS (Equity linked saving schemes) should we invest in. Well, when I compared the tax saving schemes last year, I concentrated on the Top performing funds over a 5 year and 3 Year timeframe. We are currently going through such a phase in the stock markets which makes us think of saftey of our investments too. Hence I have introduced one more filter in terms of Risk profile of each fund (based on Standard deviation) and Yes, there are new entrants this time and postions have shuffled. Though we normally look at a Three year reutrn for determining which fund to invest in for tax saving purposes, I would suggest that we give some weightage to 1 year return also this time around. Why ? Because, this year had a good mix in terms of both sharp upside moves and sharp downside moves. So position as of 5th February would give an idea of how successful was the fund to manage this situation. we will have an idea of how the fund was able to withstand bouts of volatility. So let's have a look on the top 5 tax saving funds worth investing for purpose of claiming tax benefit under Sec. 80C of Income tax Act.No. 5 Franklin India Taxshield
NAV : Rs. 174.1
Risk Rating : 3
Overall rating : 5
This is a new entrant in our Top 5 pipping Sundaram BNP on acount of excellent Risk Rating.
The fund has above 35,000 crore Avg. Mkt. capitalisation and equity exposure is more tha 97& of the assets. Top holdings include Reliance Industries, HDFC, L&T, ICICI Bank and Bharti Airtel. Financial Services, Technology and Energy are the top sectors where the fund is invested.
No. 4 Birla Equity
NAV : Rs. 76.47Risk Rating : 5
Overall rating : 4
Another new entrant in our list of Top 5 tax saving schemes. Birla Equity offers excellent returns from all parameters,but standard deviation of 24.42 , this growth comes with comparatively high risk. The fund has 9394 crorr of AMC with high exposure in Engineering, Services and Financial service sectors. Top holdings include ABB, TRF, Gammon India, Welspun Gujarat and Goodyear India. Top 5 holdings constitutes 20% of its portfolio.
No. 3 HDFC Tax Saver
NAV : Rs. 179.05Risk Rating : 4
Overall rating : 3
This fund was at No. 2 in the last year Top 5 funds ranking of Investment Guru. But has slipped to No. 3 this year. Well, the fund is second best in terms of 5 year return but scores poorly on 1 year return. Moreover, the Risk rating at 4 is the major reason for it slipping to No. 3 slot. So new filters had a impact on its ratings.
With Avg. market capitalisation of Rs. 23204 crore, the fund has top holdings in Basic Engineering, Financial Services and Energy sectors. Top 5 holdings include ICICI bank, L&T, ITC, Crompton greaves and Reliance Industries.
No. 2 HDFC Long term Advantage Fund
NAV : Rs. 114.99Risk Rating : 1
Overall rating : 2
Well this chap has overshdowed its elder brother " HDFC Tax saver funds" and has emerged as the star performer from the HDFC stable. Top holdings include ICICI Bank, Reliance Industries, Blue Star, SBI and Crompton Greaves. But why, HDFC Tax saver fund has better 5 Year, 3 year and 1 Year retrun than this scheme, so why Long term Advantage fund at No. 2 ? Well in the year when investors are realising that saftey of investmnet is as important as the return, why would a fund that has got "THE BEST" risk rating should not stand at No. 2 in our rankings. With standard deviation of 19.84 this scheme has outperformed all the others in Top 5 by a big margin. So for those of us, who places safety as the utmost important factor, HDFC Long term Advantage fund offers the best place to invest. But wait, what if you are OK with second best in Safety and No. 1 in returns ......read on
No. 1 SBI Magnum Taxgain
NAV : Rs. 61.65Risk Rating : 2
Overall rating : 1
The True leader in its class, SBI Magnum Taxgain has managed to remain at No. 1 even this year. With Standard deviation of 22.13 it has managed to be second best in terms of satefy of returns. In terms of performance it has beaten its nearest rival HDFC or any of the Other 4 Top picks by a big margin.
With Avg. mkt. cap of above 27000 crore and with equity to debt mix of 88:12, the fund has Reliance Industries, JP Associates, Welspun Gujarat, Reliance Communications and L&T as its major holdings. The Top Three sector in which the fund has exposure are Energy, Financial Services and Diversified.
My advice would be to go for SBI Magnum tax gain for claiming tax benefits under sec. 80 C of the Income Tax Act. The fund not only provides excellent safety in terms of "Low" risk but also offers highest return on all parameters among the Top 5 schemes.
For those who want capital appreciation can go for Growth option. Those like me who are willing to get regular liquidity in form of tax free dividends, opt for Dividend Payment option. Read More!
Reliance Power : Basis of Allotment
Reliance Power: Allotment Status and basis of Allotment
The wait is finally over. The allotment status of Reliance power IPO is out and you can check the same by clicking the link below or on the IPO Allotment Pane on the right hand side.
Reliance Power IPO Allotment Status
Basis of Allotment
The current Grey market premium for Reliance Power is in the range of Rs. 150-180 Read More!
The wait is finally over. The allotment status of Reliance power IPO is out and you can check the same by clicking the link below or on the IPO Allotment Pane on the right hand side.
Reliance Power IPO Allotment Status
Basis of Allotment
The current Grey market premium for Reliance Power is in the range of Rs. 150-180 Read More!
Is it the right time to buy stocks ?
Start picking Fundamentally strong stocks
Well the great Indian stock markets continued their southward journey. Today they reached Kanyakumari but realising they have gone too far returned back to settle at Bangalore. Jokes apart, today was one more day of high drama at the dalal street with trading coming to halt within minutes of opening. The street was market with scary scenes ( or do I say pleasant stock prices for those sitting on cash !) with tickers pointing losses tuning to 10 to 20% and even worse for a majority of stocks. Well, in my post "Stock Markets- New Year, New Horizons" dated 13th january, I had mentioned that the Indian markets will see profit booking in the month of January. But then hardly could I imagine that the extent of fall will be of this magnitude and speed. I was expecting the markets to correct by around 2000 points but as I write this post the markets have already corrected by more than 4000 points on sensex. Though the trigger was FII selling , the things got worse with similar downtrend in asian counterparts and margin calls getting triggered. So what does this great fall of sensex teaches us and how should we proceed further ?
As we sow, so we Reap
Well, when the markets skyrocketed from 16000 levels to 21000 levels, the reason quoted was that there is a flood of funds in the markets and the rally was driven by liquidity. Did anyone wondered what happens when liquidity drives the markets ? Yes, all of us were surprised by the sharp upward movements of the market, but were eventually caught in the momentum euphoria and started picking stocks even though it was clicking somewhere in the mind that the price is quite high. The fundamentals were forgotten, everybody wanted to make as much money as possible without realising that even the correction can be equally or even more sharp then the upward journey. Well, the lesson is while riding the momentum, don't overlook the fundamentals.
Overcome the Greed and Fear factors
I have been advising on many occasions through my posts that one should keep on booking profits at reasonable intervals. The greed to earn few more bucks often ends in loosing the handsome profit that one could have booked. On the other hand, equally important is not to fear in times of crisis like this. If one makes a informed decision while buying into a stock, this situation will not arise. I may sound to be a preacher but this is hard fact that one should imbibe in order to avoid disappointments in times of steep falls. It would be foolish to sell at current levels as we know that eventually the markets have to cover up and move ahead. We have seen such falls in the past and the lesson learnt is that such falls are accentuated with lot of factors and hence a bounce back, sooner or later is imminent. How long can Reliance hold at 2300 levels, how long can L&T hold at 3600 levels ...? So what if the FII's sold ? Will they not reinvest the money back in India? What about billions of rupees lying accumulated with various funds ? Will they keep sitting on the cash ? Think about it ? Markets are meant to be volatile...a smart Investor is one who makes use of such volatility to improve his wealth.
Where are the markets headed ?
I don't know. If I had known for sure, I would have taken a position in Nifty futures and earned handsome money. No body knows, what one says is his guess built purely on his or her imagination and nothing else. None of the experts could have foreseen today's fall. But let us understand that in view of what has happened in last seven days, it will take time for things to settle. We may or may not see more downside from current levels, but the path to recovery would not be an easy one. So what should one do in such circumstances ? Well, take stock of your stocks. For those who are fully invested wait for the recovery to happen and by that time identify fundamentally strong stocks in your portfolio and get rid off the speculative ones as when you get better prices.
Should I but at current Levels ?
For last few days, I had a tough time explaining friends and well wishers the reason for the fall in markets and which stock to buy at current levels. One of them was quite enthusiastic about buying. When I asked what he intended to buy, he told Reliance Petroleum. I asked him why ? He told me that the stock has come down from 250 levels to 125 levels so he finds a value buy (!) in the stock. I asked him if he knows why the stock ran up from 130 levels to 250 levels , he said he didn't have any idea. I asked him if he knows that RPL is yet to commence its operations, he said no he didn't knew about it. This is one of the basic mistake one often makes while taking a decision to buy or sell a particular stock. I was not against his buying the stock, but the fact that this person doesn't know why he is buying and what he is buying makes me understand that why people burn their fingers quite frequently in the markets.
Coming back to the question whether it is the right time to buy, I would say "Yes". So what should one buy ?
Stocks to buy at current levels
Now that's a tricky question. Today was a mouth-watering day if one was looking at the stock prices to decide which one to buy. It was like a big end of season discount sale happening and you wish you could have bought a lot of stuff but your pocket is not allowing you. There was also a scene where it was difficult to decide which one to buy and which one to leave. Such a scenario is also a tricky one and one may end up buying nothing at the end of the day !
Well coming back to the topic, I would suggest that investors should remain cautious and not take things lightly. It is the time to awaken and understand that things may change from good to worse in no matter and hence one should not invest in just stocks, one should invest in a business. Think of the business you are going to invest in and not just the stock prices. understand if the business can give you a stable return in term of growth rate and whether it can withstand rough weathers. Apply your mind to know if the management has the ability to drive the company to greater heights amidst all roadblocks backed by its past performance. Understand that the sector that you are investing in has the potential in terms of providing the company a room for achieving a higher growth rate. Let's look at some fundamentally good stocks which have fallen significantly and hence offer good entry points. This is not an exhaustive list . This is just a few out of the list of stocks I track. We will discuss individual stocks in forthcoming posts.
Well the great Indian stock markets continued their southward journey. Today they reached Kanyakumari but realising they have gone too far returned back to settle at Bangalore. Jokes apart, today was one more day of high drama at the dalal street with trading coming to halt within minutes of opening. The street was market with scary scenes ( or do I say pleasant stock prices for those sitting on cash !) with tickers pointing losses tuning to 10 to 20% and even worse for a majority of stocks. Well, in my post "Stock Markets- New Year, New Horizons" dated 13th january, I had mentioned that the Indian markets will see profit booking in the month of January. But then hardly could I imagine that the extent of fall will be of this magnitude and speed. I was expecting the markets to correct by around 2000 points but as I write this post the markets have already corrected by more than 4000 points on sensex. Though the trigger was FII selling , the things got worse with similar downtrend in asian counterparts and margin calls getting triggered. So what does this great fall of sensex teaches us and how should we proceed further ?As we sow, so we Reap
Well, when the markets skyrocketed from 16000 levels to 21000 levels, the reason quoted was that there is a flood of funds in the markets and the rally was driven by liquidity. Did anyone wondered what happens when liquidity drives the markets ? Yes, all of us were surprised by the sharp upward movements of the market, but were eventually caught in the momentum euphoria and started picking stocks even though it was clicking somewhere in the mind that the price is quite high. The fundamentals were forgotten, everybody wanted to make as much money as possible without realising that even the correction can be equally or even more sharp then the upward journey. Well, the lesson is while riding the momentum, don't overlook the fundamentals.
Overcome the Greed and Fear factors
I have been advising on many occasions through my posts that one should keep on booking profits at reasonable intervals. The greed to earn few more bucks often ends in loosing the handsome profit that one could have booked. On the other hand, equally important is not to fear in times of crisis like this. If one makes a informed decision while buying into a stock, this situation will not arise. I may sound to be a preacher but this is hard fact that one should imbibe in order to avoid disappointments in times of steep falls. It would be foolish to sell at current levels as we know that eventually the markets have to cover up and move ahead. We have seen such falls in the past and the lesson learnt is that such falls are accentuated with lot of factors and hence a bounce back, sooner or later is imminent. How long can Reliance hold at 2300 levels, how long can L&T hold at 3600 levels ...? So what if the FII's sold ? Will they not reinvest the money back in India? What about billions of rupees lying accumulated with various funds ? Will they keep sitting on the cash ? Think about it ? Markets are meant to be volatile...a smart Investor is one who makes use of such volatility to improve his wealth.
Where are the markets headed ?
I don't know. If I had known for sure, I would have taken a position in Nifty futures and earned handsome money. No body knows, what one says is his guess built purely on his or her imagination and nothing else. None of the experts could have foreseen today's fall. But let us understand that in view of what has happened in last seven days, it will take time for things to settle. We may or may not see more downside from current levels, but the path to recovery would not be an easy one. So what should one do in such circumstances ? Well, take stock of your stocks. For those who are fully invested wait for the recovery to happen and by that time identify fundamentally strong stocks in your portfolio and get rid off the speculative ones as when you get better prices.
Should I but at current Levels ?
For last few days, I had a tough time explaining friends and well wishers the reason for the fall in markets and which stock to buy at current levels. One of them was quite enthusiastic about buying. When I asked what he intended to buy, he told Reliance Petroleum. I asked him why ? He told me that the stock has come down from 250 levels to 125 levels so he finds a value buy (!) in the stock. I asked him if he knows why the stock ran up from 130 levels to 250 levels , he said he didn't have any idea. I asked him if he knows that RPL is yet to commence its operations, he said no he didn't knew about it. This is one of the basic mistake one often makes while taking a decision to buy or sell a particular stock. I was not against his buying the stock, but the fact that this person doesn't know why he is buying and what he is buying makes me understand that why people burn their fingers quite frequently in the markets.
Coming back to the question whether it is the right time to buy, I would say "Yes". So what should one buy ?
Stocks to buy at current levels
Now that's a tricky question. Today was a mouth-watering day if one was looking at the stock prices to decide which one to buy. It was like a big end of season discount sale happening and you wish you could have bought a lot of stuff but your pocket is not allowing you. There was also a scene where it was difficult to decide which one to buy and which one to leave. Such a scenario is also a tricky one and one may end up buying nothing at the end of the day !
Well coming back to the topic, I would suggest that investors should remain cautious and not take things lightly. It is the time to awaken and understand that things may change from good to worse in no matter and hence one should not invest in just stocks, one should invest in a business. Think of the business you are going to invest in and not just the stock prices. understand if the business can give you a stable return in term of growth rate and whether it can withstand rough weathers. Apply your mind to know if the management has the ability to drive the company to greater heights amidst all roadblocks backed by its past performance. Understand that the sector that you are investing in has the potential in terms of providing the company a room for achieving a higher growth rate. Let's look at some fundamentally good stocks which have fallen significantly and hence offer good entry points. This is not an exhaustive list . This is just a few out of the list of stocks I track. We will discuss individual stocks in forthcoming posts.
Again, a good strategy would be to do a staggered buying so that you may get better prices for the stocks.
Wish you happy shopping !
Read More!IPO Update : Reliance Power payment Options
As per the latest data available on NSE website the Reliance power IPO has been oversubscribed by 23 times by now. Money control says that the Retail portion has been subscribed 6 times. We were discussing in yesterday's post about the payment option to be chosen for applying to reliance power IPO. Now since we have more clarity on the subscription data , it looks that applying through part payment option would be a good idea as your capital investmnet would be lesser ensuring higher return on your investment.However, it is sad to say that the company has not clarified if it going to allot fully paid up shares to those applying for partly paid up shares in case of oversubscription. So the clouds of uncertainty are still there. The company reserves the right to allot you partly paid shares and call for the balance amount at a later date stipulated in the prospectus. Hence, one may not get shares before listing and may be reduced to a mere viewer seeing others booking listing gains. So if you are willing to take the risk choose the option of part payment. But if you want to be on doubly sure that you sell on listing day, paying full amount is a safe option. I am going to take a risk and apply through partly paid option. Meanwhile Grey market is qouting a premium in the range of Rs. 290-310 on the offer price of Rs. 450 with hardly any takers at that premium. Read More!
Reliance Power - In "Name" lies the Power
Dear friends, you must have heard a lot on Reliance power IPO and why not, there is an unprecedented euphoria for this IPO. Ask anybody and the reply will be – “Reliance Power- Yes, I am going to apply for it”. This is called the power of Name or say power of brand Value. You can sell a rock for a price of diamond if it is sold in the name “Reliance” and yes such brands are not created in days. It has taken late Sh. Dhiru Bhai Ambani a life time to create this brand and such is the magic of the brand that a project which is going to be up and running only in 2010 can ask a massive premium and that too with a expectation of it doubling on the listing day. So who says “Naam mein Kya rakha hai ?”
I am not going to write an IPO update sort of thing on reliance power. Why ? because I don’t think anybody would like to read me on whether they should apply for it or not! But I would like to dwelve on some questions that this IPO has raised.
Is Reliance Power going the RPL way?
Yes, the IPO of Reliance Power has something in common with that of Reliance Petroleum apart from fact that both are from “Reliance” stable. Investors have seen what happened to RPL post listing. Reliance Power is similar to RPL since it is not going to generate revenues till 2010. So, what does this convey ? This conveys that once the listing euphoria is over, the scrip will be dependent on news on the progress of its projects to move up or down and will be quite volatile with downward bias. I am not sure if you agree with me or not but Anil Ambani does not stand anywhere near the execution intelligence of big brother Mukesh Ambani and the they way the various projects of Reliance power are lined up, it would be an uphill task for Junior Ambani to withstand the trust of the investors. Let’s hope for the best.
Should One apply for fully paid or partly paid ?
This has been a bit confusing part for the investors. Company has provided two options. Option”A” where the investors can apply for fully paid up share. In this case they have to pay Rs. 430 (as Rs. 20 discount for Retail Investors) per share at the time of application.
Under Option “B” the investors can apply for partly paid shares. In this case they have to pay only 25% of the share price. The company will make a call for the balance amount post listing and the investors have to pay the balance amount at that point of time. In this case the investors will not be able to sell on the listing day since they will have only partly paid shares.
Now there is a catch. The company reserves the right to adjust the refund payable to the investors against the partly paid shares and issue fully paid up shares. In this case these investors would also get fully paid up shares and can sell them on listing.
Now the mathematics is that if the retail portion gets oversubscribed by more than 4 times (which it surely will) the partly paid investors will also be issued fully paid up shares and the refund due on their application will be adjusted towards the balance payment. In that case it would be advisable to apply for partly paid shares. If any friend has any information contrary to this please let us know by leaving a comment.
Reliance Power Website
Check Allotment Status of Reliance Power IPO Read More!
