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Sunday, October 23, 2011

IFCI TAX SAVING LONG TERM INFRASTRUCTURE BONDS–SERIES III

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IFCI TAX SAVING LONG TERM INFRASTRUCTURE
BONDS–SERIES III
 
PRIVATE PLACEMENT
 

Issuer IFCI Limited ("the Issuer")
Offering
2,00,000 Nos. Unsecured, Redeemable, Non-Convertible Bonds Series – III
of Rs. 5,000/- each aggregating to Rs.100 crore with a green-shoe
option to retain over-subscription.
Type
Private Placement basis
Instrument
Unsecured, Redeemable, Non-Convertible Long Term Infrastructure Bonds -
Series III, having benefits under section 80 CCF of the Income Tax Act,
1961 for investment upto Rs. 20,000/-
Eligible
Investors

Resident Indian Individuals (Major) and HUFs through Karta of the HUF
Rating
'BWR AA-' by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE
Ratings (Credit Analysis & Research Ltd.) 'LA' by ICRA Limited
Face
Value

Rs. 5,000/- per bond
Minimum
Application

Rs. 5,000/- (i.e. 1 Bond)
Application
in multiples of

Rs. 5,000/- (i.e. 1 Bond)
Options
for Subscription

I II III
IV
Frequency
of Interest Payment

Cumulative Annual Cumulative
Annual
Coupon
(% p.a.)

8.50 % p.a.

(Annual compounding)
8.50 % p.a. 8.75 % p.a.

(Annual compounding)

8.75% p.a.
Tenor

10 (Ten) years 10 (Ten) years 15 (Fifteen) years
15 (Fifteen) years
Maturity
Date

December 12, 2021 December 12, 2021 December 12, 2026
December 12, 2026
Buyback
option

Yes                         Yes Yes
Yes
Buyback
Dates

At the end of 5th and 7th
years from Deemed Date of Allotment i.e. on December 12 of calendar
years 2016 and 2018

At the end of 7th, 10th and 12th year from Deemed date of Allotment
i.e. on December 12 of calendar years 2018, 2021 and 2023
Lock-in
period
5 years from the deemed date of Allotment
Deemed Date of Allotment
December 12,2011
Security
Unsecured
Trustee
IDBI Trusteeship Services Limited
Listing

Proposed to be listed on Bombay Stock Exchange
Depositories

National Securities Depository Ltd. and Central Depository Services
(India) Ltd.
Registrars
Karvy Computershare Pvt. Ltd.
Issuance
& Trading

Bonds shall be issued both in dematerialised form and physical form.
However, trading allowed only in dematerialised mode after the expiry
of Lock-in Period of 5 years
Mode
of Interest Payment / Redemption

NECS/At Par Cheques/Demand Drafts
Issue
Schedule

Issue Open Date : September 21,2011

Issue Close Date : November 14, 2011

The issuer would have the right to pre-close the issue or extend the
closing date by giving 1 day notice to the Arrangers
Interest on Application Money shall be paid at the respective coupon from the date of realisation of
subscription amount to the date immediately preceding the deemed date of allotment.


You May also Like this :
Infrastructure bonds 80ccf 2011-12

Details overview about infrastructure bonds, 

How to select good one

major criteria for selecting Infra bonds- Rating, Interest Rate

Differance between Tax Free Bonds & Infrastructure Bonds
Benefit under I.T. act , lock in period, interest is tax free ?
Product Note - L&T Infra Bond- Tranche 2

L&T Infra Bond Interest rate, closing dt. & other details

Product Note - IDFC Infra Bond- Tranche 2

IDFC Infra Bond Interest rate, closing dt. & other details

Feel free to add your suggestions in the comments below.

 Pune Investor Call for Investment  Purpose : Rajendra  800 775 09 04

 Or Mail Me :  rajendra@puneinvest.com  or  bonanza42a@yahoo.in 

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How to Buy Mutual Fund???

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Todays Market condition people confuse how to Buy & where to buy Mutual Fund?

There are Two Category for Buying Mutual Fund

1. Online
2. Offline

If you want to purchase Online then you have 3 Options avialable

1. Direct Mutual Fund Website

2. Broking House ICICI Direct, Reliance Money, Sharekhan etc... (fee base)

3. Some website trying to sell Mutual Funds. ( Fee Base)


Offline it means involving paper forms and sign.

Two Option avialable

1. Direct Mutual Fund Office.
2. Advisor or Agents - Advisor/agents also 2 category
Fee base advisor
Free service advisor/agent -

which route is good depends upon your need.



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Thursday, October 13, 2011

HDFC Gold Fund

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HDFC Mutual Fund is launching gold fund called HDFC Gold Fund. HDFC Gold Fund (HGF), an open ended Fund-of-Funds scheme, would enable investors to invest systematically in gold, hedge their risks against market volatility and to effectively diversify their portfolio. 
A Fund-of-Funds (FoF) scheme usually invests in other schemes of the mutual fund. Gold FoFs enables the investors to invest through a single investment or through Systematic Investment Plan (SIP).


The new fund offer (NFO) opens on 7 October and closes on 21 October, 2011. 


Minimum Application Amount


Purchase ( including switch in ): ` 5000 and any amount thereafter
Additional Purchase (including switch in): `1,000 and any amount thereafter


SIP Purchase: Minimum Amount per installment


Monthly SIP : `500/- and in multiples of  `100/-
Quarterly SIP: `1500/- and in multiples of ` 100/-





HDFC Gold Fund* is suitable for the  following types of investors:



  • Investors looking for a exposure to gold as an asset class
  • Small investors who cannot approach the mutual fund directly in a Gold ETF because of the lot creation size 
  • Investors who do not have a demat account
  • Investors wanting to invest through the Systematic Investment Plan (SIP)/Systematic Transfer Plan (STP) route







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Monday, October 10, 2011

HUDCO Tax Free Bonds – Series A details

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1) Issue Details:

  • Issue opens: Thursday, 29th September, 2011
  • Issue closes: Friday, 12th November, 2011
  • Coupon:
    • Series 1 and Series 2 with 7.51% p.a. payable on Annual and Cumulative basis respectively with maturity of ten years.
    • Series 3 and Series 4 with 7.75% p.a. payable on Annual and Cumulative basis respectively with maturity of fifteen years
  • Rating: Crisil – ‘AAA/Stable’ and ICRA - ‘LAAA’
  • Face Value: Rs. 5,000 /- per bond
  • Subscription amount: One Bond and in multiples of one Bond thereafter
  • Listing: The Bonds will be listed on the BSE and can be traded only in the demat form after the 5-year lock-in period.
  • No TDS: As per the current provisions of the Income Tax Act, 1961, for Bonds held in demat form; no TDS will be deducted on interest payments. If Bonds are held in physical form, no tax may be withheld if such interest does not exceed ` 2,500 in a financial year. However, such interest is taxable income in the hands of Bondholders.
  • Investors can mortgage or pledge these Bonds to avail loans after the 5-year lock-in period.
  • The money invested in these Infrastructure Bonds will be invested in Long Term Infrastructure projects like building of Airports, power plants, roads and ports meeting the infrastructure needs of the country.


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Sunday, October 2, 2011

Axis Gold Fund NFO -

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Axis Mutual Fund launched Axis Gold Fund 


Investment Objective:


The investment objective of the Scheme is to seek to generate returns that closely corresponds to
returns generated by Axis Gold ETF.

The fund targets to raise a minimum subscription of Rs 20 lakh under the scheme during the NFO period.

Allocation of funds:


The scheme shall invest 95-100% in the units of gold ETFs (primary axis gold ETF) with medium risk profile and invest upto 5% in the money market instruments with low to medium risk profile.

Basic Details:


NFO Opens: September 30, 2011
NFO Closes: October 14, 2011
NFO Price: Rs 10 per unit
Options: Growth and Dividend (Payout and Reinvestment)
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Minimum SIP: Rs 1,000


Exit Load: 1% if units are redeemed /switched out within 1 year from the date of allotment
Benchmark: Domestic price of gold
Fund Manager: Mr. Anurag Mittal
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Power Finance Company (PFC) - Public Issue of Long Term Infrastructure Bonds

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1) Issue Details:
  • Issuer: Government of India undertaking (Nav-ratna Company)
  • Issue opens: Thursday, 29th September, 2011
  • Issue closes: Friday, 4th November, 2011
  • Coupon:
    • Series 1 and Series 2 with 8.50% p.a. payable on Annual and Cumulative basis respectively with maturity of ten years.
    • Series 3 and Series 4 with 8.75% p.a. payable on Annual and Cumulative basis respectively with maturity of fifteen years
  • Rating: Crisil – ‘AAA/Stable’ and ICRA - ‘LAAA’
  • Face Value: Rs. 5,000 /- per bond
  • Subscription amount: One Bond and in multiples of one Bond thereafter
  • Listing: The Bonds will be listed on the BSE and can be traded only in the demat form after the 5-year lock-in period.
  • No TDS: As per the current provisions of the Income Tax Act, 1961, for Bonds held in demat form; no TDS will be deducted on interest payments. If Bonds are held in physical form, no tax may be withheld if such interest does not exceed ` 2,500 in a financial year. However, such interest is taxable income in the hands of Bondholders.
  • Investors can mortgage or pledge these Bonds to avail loans after the 5-year lock-in period.
  • The money invested in these Infrastructure Bonds will be invested in Long Term Infrastructure projects like building of Airports, power plants, roads and ports meeting the infrastructure needs of the country.

2) Tax Benefit:
Under Section 80CCF of the Income Tax Act the amount, Rs. 20,000 per annum, paid or deposited as subscription to long-term infrastructure bonds shall be deducted in computing the taxable income. This is over and above the Rs 1,00,000 tax benefit available under section 80C, 80CCC & 80CCD read with section 80CCE

Benefits as per Tax slabs:
  • Slab 10.3% - Tax Benefit Rs. 2,060
  • Slab 20.6% - Tax Benefit Rs. 4,180
  • Slab 30.9% - Tax Benefit Rs. 6,180
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