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Overview of "SIP"

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"SIP" here means (Systematic Investment Plans), a fixed amount of money is debited by the investors in bank accounts periodically and invested in a specified mutual fund. The investor is allocated a number of units according to the current Net asset value. Every time a sum is invested, more units are added to the investors account.   The strategy claims to free the investors from speculating in volatile markets by Dollar cost averaging. As the investor is getting more units when the price is low and less units when the price is high, in the long run, the average cost per unit is supposed to be lower.  SIP claims to encourage disciplined investment. SIP's are flexible, the investors may stop investing a plan anytime or may choose to increase or decrease the investment amount. SIP is usually recommended to retail investors who do not have the resources to pursue active investment.   SIP investment is a good choice for those investors who do not possess en...

Visesh Infotecnics - A Multibagger Story

Visesh Infotecincs (Now name changed to MPS infotecnics) was founded by CA Peeyush Agarwal , who co funded the founder (& longtime friend ) of One97 , (holding company of PayTM) Mr Vijay Shekhar Sharma ...who later sold that 8 lakh investment stake in One97 for 87 crore. It is the only listed company in the stock market having E recharge payment , wallet, app & site. About Chairman & founding Director Peeyush Agarwal - Mr. Peeyush Kumar Aggarwal serves as the Managing Director of OMKAM Capital Markets Pvt. Ltd. Mr. Aggarwal has over 22 years of experience and has over 14 years as a practicing CA in the field of Corporate Laws, Finance & Taxation, Project Management, Import & Exports, IT Consultancy etc. He is a first generation Entrepreneur having a clear business vision and practicing a hands- off approach, he has mastered the art of Mergers & Acquisitions. His business interests are in the areas of Information Technology (controlling stakes in Visesh Info...

Applicability of Companies (Auditor’s Report) Order, 2016 (CARO 2016)

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Applicability of Companies (Auditor’s Report) Order, 2016 The Central Government, after consultation with the, committee constituted under proviso to sub-section (11) of section 143 of the Companies Act, 2013 hereby makes the following Order, namely:  Companies (Auditor’s Report) Order, 2016 Every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act) except (i)       a Banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); (ii)      an insurance company as defined under the Insurance Act 1938 (4 of 1938); (iii)     a company licensed to operate under section 8 of the Companies Act; and (iv)     a One Person Company as defined under clause (62) of section 2 of the Companies Act and a Small Company as defined under clause (85) of section 2 of the ...