Even then, we have to consider that it is an election year, and if the crude goes up, the govt. With regards to the 3 OMC’s, unless crude comes down to less than $60/bbl, it doesn’t make any sense. has used all the public sector institutions to gather money, for spending on welfare schemes and others, which has resulted in depleted balance sheets for most of these companies.A simple look at the situation post recapitalization of PSB’s will tell you that all that money given to those banks is gone already and hence, the govt is making LIC and others buy these companies to keep them afloat.I reiterate my stand that, it doesn’t make any sense to buy into govt. Also, such commodity based companies should be invested when the raw material is at its low, which was 3 years ago.The answer for BPCL: Gopal Kavalireddi's answer to What's Gopal Kavalireddi's long term view on accumulating BPCL at CMP?Conclusion: I have written my opinion on investing in govt owned companies while addressing the query on NBCC and it remains the same. Indian Oil topped the dividend list with a total interim dividend payout of Rs 184 billion, more than twice its full-year dividend in 2016-17.When the crude oil is high and the dividend is squeezed, it leaves no room for investor interest. 16,000 cr.Oil and gas PSUs such as Indian Oil, ONGC, BPCL, HPCL and GAIL (India) have paid Rs 328 billion as interim dividend during the first 11 months of 2017-18, 22 per cent higher than their full-year dividend in 2016-17. asked the 3 companies to double the dividend in 2017–18 and pay close to Rs. These are strong movements and the fortunes of IOCL, HPCL, BPCL etc vary very much based on where the price stands and also on their masters - the govt.With the govt on the hunt for money from all sources, investing in any public sector company will not make sense at all, as the govt keeps using them, either for their own purposes or for squeezing dividend out of them.In 2016–17, the govt had instructed every public sector company to pay a minimum dividend of 30% of its net profit or 5% of net worth, whichever is higher. From $65/bbl to $30/bbl to rising at $80/bbl. It is a near impossibility to predict the movement of the crude prices with certainty in the long term and even the best of commodities experts will have difficulty in predicting the short term movement.This is the last 18 year chart of crude and I am sure many experts and companies would have been caught off-guard with the sudden spikes and drops at times.Even in the short term, over the last 3 years, the crude oil price movement has halved and doubled, which makes it really difficult to assess the long term options.

What is Gopal Kavalireddi’s view on Indian Oil Corporation(IOC) for long term investment?

Also, the newer the house is, the better the facilities are. This investment should double my salary after 2 years.Final savings: 36K, not considering the PF/MF/LIC/FDsThis does not include school fees of my daughter, which is about 1.25L per year.I don’t want to buy another house in next 2–3 years because the real estate in India is stalled for now and it would make more sense to build up a corpus and have a minimum loan. I picked EMIs because the money in bank will rather pay me cash in terms of interest. I bought car in cash hence no auto loan.Extra monthly earnings:Quora Partner Program: 3–5KFD monthly returns: Rs 18.5KTotal: 62.5K saved in cashI have recently enrolled in a Masters Program (Masters in Data Science), which would cost 4L in 18 months, which I am paying in EMIs.

Rest of 40K is saved in cash.We have no EMI as my home loan of my 2.5BHK in Pune was for 10 years, which we finished off in 6 years, thanks to some stay abroad. Daughter’s FD: 5K per month (I have to start for my son now)Phone+TV: Rs 1KMaids: About 6–8 K (Cleaner, Cook, baby massage)Grocery: Rs 15-20KPetrol: 4KMisc shopping: 1–5K per month.Total: 108.5K spent.

I use excel sheet for tracking my expenses.My gross salary is 185K with taxes of about 35K.My EPF + VPF is about 26K per month.LIC is of 8.4K per month.Four Mutual funds of 5K each.

Data sheets for excel practice