After 19 days of fierce bidding, the government raked in a record bounty of nearly Rs 1.1 lakh crore in the country's biggest auction of telecom spectrum that ended on Wednesday, triggering fears of hike in call and data rate. This is highest ever in history of India. The spectrum auction conducted in 2010 brought about Rs 106,000 crore which included Rs 30,000 crore payments.
In a fiercely-contested spectrum sale, which lasted 115 rounds and was spread over 19 days as telecom heavyweights such as Bharti Airtel, Vodafone and Idea Cellular bid aggressively to protect their businesses as new players like Reliance Jio too participated in the auction.
Of the total 470.75 Mhz of spectrum put up for sale, about 11% remained unsold which also included 800 Mhz, 1800 Mhz and 2100 Mhz (3G) band. Maximum bids worth Rs 72,964.54 crore came in for spectrum in 900 Mhz band. At base price fixed by government the value of 900 Mhz frequency that attracted bids was about Rs 37,841 crore. The 800 Mhz spectrum worth Rs 9,710 crore at base price got sold at premium price of Rs 17,158.79 crore. The 3G spectrum and 1800 Mhz spectrum contributed Rs 10,115.41 crore and Rs 9,636.17 crore respectively against their value of Rs 9,620 crore and Rs 8,292.4 crore.
With the spectrum finally concluding, victorious bidders need to pay a quarter to a third of the winning price initially, and the rest by 2027. Spectrum revenue is key for the government to plug its fiscal deficit. However, the government's payday could be delayed as the final allocations to operators will take place after Thursday, when the Supreme Court issues its ruling on multiple cases questioning the auction guidelines and criteria.
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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