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Reliance Industries’ telecom arm -- Reliance Jio Infocomm (Jio) has deposited the highest earnest money deposit (EMD) of Rs 3,000 crore for the upcoming spectrum auction, which gives the company the potential to bid for maximum radiowaves.
Companies get points based on the EMD amount they have deposited, which enables them to bid for the number of circles and quantity of spectrum they want. Higher points mean a higher capability to place bids.
The government has scheduled an auction of eight spectrum bands for mobile phone services at a base price of about Rs 96,317 crore from June 6. All the available spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands are part of the auction.
The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments. The DoT has provided an option to surrender the spectrum acquired through the upcoming auction after a minimum period of 10 years.
Reliance Industries (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2859.60 |
| Indian Oil Corp. | 162.40 |
| BPCL | 627.60 |
| HPCL | 537.05 |
| MRPL | 203.15 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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