Newsletter dated 25th April, 2015

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THOUGHT OF THE DAY
“Success is the good fortune that comes from aspiration,
desperation, perspiration and inspiration....”
Law Updates:
 The government finally moved the long-pending Constitution
amendment Bill for the proposed national goods and services tax (GST)
for consideration. Opposition, led by Cong, largely walks out in Lok
Sabha after demand for referral to standing panel rejected by govt;
enough examination already, nothing for states to fear, avers Jaitley.
 Government has allowed retirement fund body EPFO to invest 5 per
cent of its corpus in exchange traded funds which will result into an
inflow of around Rs. 5,000 crore into the stock markets during this
fiscal.
 SEBI has issued Consultative Paper On Guidelines On Overseas
Investments And Other Issues/Clarifications For AIFs/VCFs and have
invited public comments on the same on or before May 7,2015.
PROFESSIONALS INPUTS:
 Vide Press Release issued by CBDT dated 24.04.2015, FIIs claim of
treaty benefit to be decided within one month of filing claim.
 Limit of deduction under Sec 80DD of the Income Tax Act,1961 in
respect of a person with disability has been raised from fifty thousand
rupees to seventy five thousand rupees and in respect of a person with
severe disability, from one hundred thousand rupees to one hundred
and twenty five thousand rupees.
 Clarification regarding Implementation of section 125 and section 132
of the Companies Act, 2013 has been provided. These sections are yet to
be notified. The draft Rules with regard to IEPFA and NFRA have been
prepared and placed on the website of this Ministry inviting
comments/suggestions from stakeholders. The draft Rules are expected
to be notified during the year 2015-16.
 Vide RBI Notification ref RBI/2014-15/565 DBR.No.CID.BC.89 /
20.16.001/2014-15 dated 23.04.2015, Banks to exclude non-whole time
directors from list of wilful defaulters while disseminating info to Credit
Information Companies.
MARKET WATCH:
SENSEX: 27437.94 -297 .08 NIFTY:8305.25 -93.05
SILVER:35982.00 -129.00 GOLD (MCX): 26710.00 -190.00
USD/INR: 63.55 0.23 CRUDE OIL: 3638.00 -50.00
CS Rajiv Bajaj
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Date: 25thApril, 2015

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Rakesh Jhunjhunwala,
Indian Investor And Trader,
Qualified Chartered Accountant…
“A journey which started with just Rs. 5000 has now
moved to this place, RaRe Enterprises (Ra-Rakesh
Jhunjhunwala, Re- Rekha Jhunjhunwala).”
EARLY LIFE:
Rakesh Jhunjhunwala was born on 5th July 1960. He father was an Income tax officer. His father was interested
in stocks and used to discuss about the stock market with his friends. Rakesh as a child would listen to them.
Once he asked his father why the price fluctuate. He told him to check the news, it makes the price to fluctuates.
This was his first lesson of stocks market. He got fascinated by stocks and found it interesting. He expressed his
wish to get into stock market to his father. He told him to do whatever he wanted in life but at least get
professionally qualified. Rakesh then took up chartered accountancy and completed his CA in 1985.
CAREER PROFILE:
After completing the CA he told his father that he wanted to go in the stock market. His father reacted by telling
not to ask him or any of his friends for money. Earn and trade with your money. He started his career in 1985
when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000
shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. . Between
1986 and 1989 he earned Rs 20–2.5 million.
His first major successful bet was iron mining company Sesa Goa(now Sesa Sterlite). He bought 400,000 shares
of Sesa Goa in forward trading, worth Rs 10 million and sold about 2-250,000 shares at Rs 60–65 and another
100,000 at Rs 150–175. The price rose to Rs 2200 and he sold some shares. Jhunjhunwala bought 6 crore
shares of Titan in 2002-03 at an average price of around Rs 3. The stock is currently trading at 390 Rs level and
his investment value is now 2100 crore, which made around 35 lakh per hour for him. In 2006 he bought lupin
around 150 Rs which is now trading at 1100 levels. He bought CRISIL around 200-300 levels which is now at
1800. Likewise there are so many stocks in his portfolio that made huge money for him.
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits
on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas
Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech
Limited, Innovasynth Technologies (I) Limited, Mid-Day Multimedia Limited, Nagarjuna Construction
Company Limited, Viceroy Hotels Limited and Tops Security Limited.
SUCCESS MANTRAS…!!!
 Specific knowledge and skill set to become successful.
 Be selective and have to pick right stock at right time.
 Controlling emotion and keeping patience.
 Those who dare to dream, there is a whole world to win.
 Learn from your mistakes.