Mutual Fund /Stock Market News

Virtually flagging off the government’s disinvestment effort, the empowered group of ministers (eGoM) on Friday met to finalise the price band for NHPC’s initial public offering (IPO), which will happen simultaneously with the disinvestment process. The eGoM has suggested a price band of Rs 30 to Rs 36. The lead managers for the offer — Enam Securities Private, Kotak Mahindra Capital Company and SBI Capital Markets — had suggested a price band of Rs 25 to Rs 30. The disinvestment by the government will piggyback on the IPO, as was the case with NTPC several years ago. The response to this entry into the capital markets will be closely watched as the government’s future disinvestment plans will be determined by it. The public sector infrastructure company will issue 10% of its new equity shares in the public offer while the government will divest its 5% stake in the company. NHPC plans to raise Rs 1,670 crore fresh equity through the IPO and plans to bring 167 crore shares of face value

Home Loan rates are more or less stable as of now. In that case is prepaying the home loan better idea?? I think one should put aside 1000 or multiple of 1000 Rs in some good aggressive mutual fund schemes like Reliance Growth /Prima plus rather than prepaying interest.Donot dissolve your PPF etc for prepaying unless it is for keeping the number of years fixed. Anyway the inflation will decrease the value of money down the line so why to prepay Other option can be choosing SBI Maxgain Home loan/ICICI Home Saver , where we can put surplus money and can use the Home Loan account as Saving account.