OFS

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

Decoding the OFSPopular

What is OFS?

OFS or offer for sale was originally mooted as a window provided by stock exchanges to promoters of listed entities to help them dilute holdings in a transparent way. This exchange- based bidding platform came into being in July 2012 following a circular from the stock market regulator. It is faster and more cost- effective than other available routes for a promoter.

What has changed?

Not only promoters but also non- promoters having 10 per cent holding in the company are now eligible to take this route to offload their stake. Further, to encourage retail participation in OFS ( which has been missing), a minimum 10 per cent of the issue size has to be reserved for retail investors.

Who is a retail investor?

Investors who are bidding with amounts less than ₹ 2 lakh will be eligible to be called retail investors.

What happens if this reserved 10 per cent remains under- utilised?

In that case, the unutilised portion may be offered to other investors.

Will there be any discount for retail investors in OFS?

According to the regulator, the seller of shares may offer a discount to retail investors in accordance with the framework specified from time to time. The degree of discount is likely to be left to the company to decide upon.

Which non- promoters can now sell shares through OFS?

Only those non- promoter shareholders having more than 10 per cent or such percentage as specified by the Sebi from time to time shall be eligible to use the route. Financial institutions and private equity firms will get an exit route through OFS.

Which companies fall under the OFS route?

Shareholders of India's top 200 companies by market capitalisation

The Securities and Exchange Board of India ( Sebi) has revamped the offer- for- sale ( OFS) route. It has expanded eligibility criteria for companies that can tap the route, as well as moved to allow greater participation by retail investors.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Franklin India Bluechip
4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
4. Birla Sun Life Front Line Equity Fund
5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
5. Birla Sun Life Dividend Yield Plus
6. SBI Emerging Businesses Fund
7. HDFC Mid-Cap Opportunities Fund
8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
2. Franklin India Smaller Companies

E. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund
4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF