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Monday, November 28, 2011

Now PPF limit is Rs. 1 Lac & Interest rate 8.60% from 1 Dec 2011

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From 1 Dec 2011 PPF (Public Provident Fund) Interest Rate increase
and also raise annual  investment limit

  • PPF investment limit raise to Rs. 1 lac  from 70000
  • Interest rate also raise  8.60% from 8%
 Investment in PPF is deducted from depositor’s income under Section 80C.

Loans against your PPF saving will get costlier. To get an advance against your PPF you will have to pay 10.6%.

Silent Feature of PPF
  • Investing in PPF is absolute safe as it is offered by Government of India.
  • Tax deduction under 80C Limit upto 1 lac
  •  Minimum Investment every year 500.
  • Loan available after 3 yr
  • PPF account can not be attached any court order
Interest Rate of Small Saving Scheme 
Rates for current financial year effective from 1 Dec 2011


Scheme

Interest
Rate

Saving Deposit

   4 %

1 yr. Time Deposit

  7.7  %

2 yr. Time Deposit   7.8 %

3 yr. Time Deposit    8  %

5 yr. Time Deposit    8.3 %

5 yr Recurring Deposit

   8 % 
5 yr MIS

   8.2 %

5 yr NSC

  8.4 % 
 PPF   8.6 % 
Read More ->>

Friday, November 25, 2011

Which Infrastructure Bond is Good for investment

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 How can choose a Infrastructure Bond ?
   You can choose bonds base on  Issuer's Credit Rating, Rate of Interest they offer & financial credentials of the Company 


You can invest in any of the following best infrastructure bonds.

Company Rating
IDFC Infrastructure Bond AAA
L&T Infrastructure Bond AA+
IFCI Infra Bond AA-
REC Infra Bond AAA
PFC Infra Bond AAA
SREI Infra Bond AA-
***   AAA means    Highest degree of safety with regard to timely payment of financial obligations
***   AA     means   High     degree of safety with regard to timely payment of financial obligations  



Two major factor to choose good Infra Bond

 Rating: Find out the rating assigned to the bond by rating agencies such as CARE, CRISIL, ICRA, or Fitch India. Rating measures the credibility and financial stability of the company to pay its obligation. If everything is constant, a higher rating bond should be more preferable.
 Interest Rate: Currntly all Infra Bonds pay 8.70% to 9.09% interest rate . If any difference you can use this option to select Infra fund. For this (Jan 2012) month L&T Infra Bond & IDFC Infra Bond open for subscription  both are paying same 8.70% interest rate.
 IFCI Infra Bond paying higher 9.09% & REC Infrastructure Bond 8.95%
AVOID  SREI Infra Bond 8.90%

All Bond  issuer are sound financial safety for your money. No need to analysis which one is better.  These bonds give you tax exemption under Sec 80CCF for investments upto Rs 20K.



Feel free to add your suggestions in the comments below.

 Pune Investor Call for Investment & Query  Purpose : Rajendra  800775 09 04

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


You might also like this :

Read More ->>

Thursday, November 24, 2011

Buy Tax saving L&T -Long Term Infrastructure Bonds 2011B Series (Tranche-1)

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L&T Infrastructure Finance Company Ltd-Long Term 
Infrastructure Bonds 2011B Series (Tranche-1)


opens for subscription from 25st Nov, 2011
 
Close on December 24, 2011

L & T Infra Bond - Key Highlights:
1. Investment upto Rs. 20,000 in L&T Infrastructure Bonds – Tranche 1 will be eligible for exemption under section 80CCF of the Income Tax Act, 1961
2. Interest rate under both the options is 
9% per annum. Interest under option 1 will be payable
annually and interest under option 2 will be payable cumulatively (compounded annually)
3. Buyback facility is offered under  the options  
Rs.1,538.62 at the end of 5 years /Rs. 1,828.04 at the end of 7 years
4. Maturity will be at the end of 10 years( Rs 2367.36)
from the Deemed Date of Allotment Maturity 
5. Minimum Investment required in L&T Infra Bond Tranche 1 Issue is Rs. 1,000.
6. Investors will be having an option to hold the Bonds in physical form or demat form.
7. ICRA has assigned (ICRA)AA+ rating and Fitch has assigned Care AA+(ind) rating to the bonds proposed to be issued. These are the highest credit ratings awarded by these rating agencies




SPECIFIC TERMS FOR EACH SERIES OF BONDS



Series
1
Series
2
Frequency
of Interest Payment
Annual Cumulative
BuyBack
Facility
Yes
after 5 & 7 yrs
Yes
after 5 & 7 yrs
Buy
Back Amount
After
5 & 7  yrs 1000
After
5 yrs 1538.62

After 7 yrs  1828.04
Maturity 10
yrs
10
yrs
Maturity
Amt
1000 2367.36
Interest
Rate
 9% 9%




How Much Interest rate in this Bond 
Interest rate under both the options is 9% per annum 



Tax Benefit adjusted rate of returns (pre-tax) to Investors on Buyback (5year) Series 1 for Annual Interest paid  & series 2 for Cumulative 
Series1

2  
Tax Slab - 30.90%19.1%17.4%
Tax Slab - 20.60%15.2%14.2%
Tax Slab - 10.30%11.8%11.4%
Tax Benefit adjusted rate of returns (pre-tax) to Investors on Maturity
Series12
Tax Slab - 30.90%15.2%13.1%
Tax Slab - 20.60%12.8%11.5%
Tax Slab - 10.30%10.7%10.2%
L&T Infrastructure bonds now avialable for new purchase 
 For further information, please contact:
Pune base investor call 800 775 0904 
mail me : rajendra@puneinvest.com 
                bonanza42a@yahoo.in




You might also like this :

IDFC INFRASTRUCTURE BONDS Details --open as on 21 Nov 2011
L&T -Long Term Infrastructure Bonds 2011B Series (Tranche-1)  Open 25 Nov 2011

Infrastructure-bonds-80ccf-2011-12-take additional Tax benefit
Infrastructure-bonds- FAQ

Read More ->>

Wednesday, November 16, 2011

IDFC INFRASTRUCTURE BONDS Details --open as on 21 Nov 2011

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               IDFC  INFRASTRUCTURE  BONDS-
Tranche 1 series

opens for subscription from 21st Nov, 2011
 
Close on December 16, 2011

IDFC Ltd. was incorporated in 1997 and got listed in August 2005. It is one of the leading knowledge driven financial services company in India and plays a central role in advancing infrastructure development in the country. Company has been classified by RBI as an Infrastructure Finance Company.

Key Highlights:

1. Investment upto Rs. 20,000 in IDFC Infrastructure Bonds – Tranche 1 will be eligible for exemption under section 80CCF of the Income Tax Act, 1961
2. Interest rate under both the options is
9% per annum. Interest under option 1 will be payable
annually and interest under option 2 will be payable cumulatively (compounded annually)
3. Buyback facility is offered under both the options at the end of 5 years and one day from the
Deemed Date of Allotment
4. Maturity will be at the end of 10 years from the Deemed Date of Allotment
5. Minimum Investment required in IDFC Tranche 1 Issue is Rs. 10,000.
6. Investors will be having an option to hold the Bonds in physical form or demat form.
7. ICRA has assigned (ICRA)AAA rating and Fitch has assigned Fitch AAA(ind) rating to the bonds proposed to be issued. These are the highest credit ratings awarded by these rating agencies


How Much Interest rate in this Bond 
Interest rate under both the options is 9% per annum



Tax Benefit adjusted rate of returns (pre-tax) to Investors on Buyback (5year)
Series12
Tax Slab - 30.90%19.1%17.4%
Tax Slab - 20.60%15.2%14.2%
Tax Slab - 10.30%11.8%11.4%
Tax Benefit adjusted rate of returns (pre-tax) to Investors on Maturity
Series12
Tax Slab - 30.90%15.2%13.1%
Tax Slab - 20.60%12.8%11.5%
Tax Slab - 10.30%10.7%10.2%

COMMON TERMS FOR ALL SERIES OF THE TRANCHE 1 BOND 




Issuer Infrastructure Development Finance Company  Limited ("the Issuer") 
Issue of Tranche 1 Bonds
Public issue of first tranche of long term infrastructure bonds of face value of Rs.
5,000  each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80CCF of the Income Tax act, 1961 (the “Tranche 1 Bonds”), not exceeding Rs.50,000.0 million, to be issued at par on the terms contained in the Shelf Prospectus and this Prospectus – Tranche 1 
Eligible
Investors
Resident Indian Individuals (Major) and HUFs through Karta of the HUF 
Rating (ICRA)AAA” from ICRA
“Fitch AAA(ind)” from Fitch 
Face Value Rs. 5,000/- per bond 
Minimum Application Rs. 10,000/- (i.e. 2 Bond) 
Application in multiples of Rs. 5,000/- (i.e. 1 Bond) 
Series 
1
Frequency of Interest Payment
Annual Cumulative
Coupon
(% p.a.)

9 % p.a. N/A.
Tenor
10 (Ten) years 10 (Ten) years
Maturity Amount
5000 11840
Buyback option
Yes Yes
Buyback Intimation  Period
The period  beginning  not  before
nine months  prior  to  the Buyback  Date  and ending not later than six months prior to the Buyback Date 
The period  beginning  not  before
nine months  prior  to  the Buyback  Date  and ending not later than six months prior to the Buyback Date 
Lock-in
period
5 years from the deemed date of Allotment 
Security
First pari passu floating charge over the Secured Assets and first fixed pari passu charge  over specified immovable properties of the Company more particularly as detailed in the section entitled “Terms of Issue -Security” on page 117. 
Trustee IDBI Trusteeship Services Limited 
Listing
Proposed to be listed on NSE and BSE 
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 Payment 
1. Electronic Clearing Services 2. At par cheques 3. Demand drafts 
Issue
Schedule
Issue Open Date : November  21,2011

Issue Close Date :  December 16, 2011


The Issue shall remain open for subscription during banking hours for the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided by the Board subject to necessary approvals. In the event of an early closure or extension of the Issue, the Company shall ensure that notice of the same is provided to the
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.
 For further information, please contact:
Pune base investor call 8007750904 
mail me : rajendra@puneinvest.com


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 
Read More ->>

Monday, November 14, 2011

IFCI INFRASTRUCTURE BOND UPDATE

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Read More ->>

Monday, November 7, 2011

HELIOS & MATHESON INFO TECH LTD - Fixed Deposit Interest rate 12%

1 comments
Company Profile -

  THE HELIOS and MATHESON INFORMATION TECHNOLOGY LTD is a leading health care focused IT Services Company. It provides consulting and IT services to clients globally.


The company delivers high quality and cost effective services to its clients through mature delivery process, scalable infrastructure and skilled global resource base. The service offerings are delivered through a mix of onsite resources located in the client geography and offshore resources at the company’s world class infrastructure facilities in Chennai and Bangalore.
  Business segments; Custom Application Development, Application Value Management and Support, Technology Infrastructure Management, Independent Validation Services, & System Integration.

Scheme Highlight
  • No TDS for Interest up to 5000 for a financial year
  • Post dated Interest warrants payable at par at the branches of the company's bank sent in advance for full tenure of the deposit
  • Deposits can be made by local cheque at the branch of HDFC banks
Rates Update for Feb 2012
MONEY BACK (CUMULATIVE)

PERIOD (MONTH)MIN AMTEVERY 25,000 BECOMESINTEREST RATE (%)YIELD (%)
1225,00028,17012.0012.68
2425,00031,74512.0013.49
3625,00035,77012.0014.36

EXPRESS EARNING (NON - CUMULATIVE
PERIOD (MONTH)MIN AMTINTEREST PAYBLEINTEREST RATE (%)YIELD (%)
121,00,000MONTHLY12.0012.00
1240,000QUARTERLY12.0012.12
241,00,000MONTHLY12.0012.00
2440,000QUARTERLY12.0012.12
361,00,000MONTHLY12.0012.00
3640,000QUARTERLY12.0012.12
***  Interest rate may be revise time to time. Pls confirm Interest rate before submitting the applicationContact for Investor in Pune for Investment
Rajendra 8007750904

Read More ->>

Wednesday, November 2, 2011

Online Mutual Fund House Portal

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Online
 Wish to Invest Online ?

Mutual Fund houses introduces Invest online, an investment facility wherein one can invest in any of the Mutual Fund scheme instantaneously with a click of the mouse.




The features of this facility are:

  • Wherever you are, the online investment facility is available 24 x 7 x 365.
  • All you need is a valid PAN, KYC compliance, Bank Account with Net banking facility for making online investment in Reliance, UTI and ICICI Prudential Mutual Fund.
  • For making online investment in all other mutual fund houses you must be existing investor with valid Folio Number, PAN, KYC compliance, Bank Account with Net banking facility.
  • You have to make compliance of documentation only at the time of making first investment, there after you can make online investment without any paper work.
  • While making online investment various payments options are available viz., net banking, cheuqe and debit/credit card.
  • In same folio number you can invest in various schemes of the same mutual fund house.
  • You can make maximum use of market conditions by investing on every fall in the market, which will give you handsome returns in bullish conditions.
  • For making all future transaction online you receive PIN from the AMC.
  • By using the same pin you can switch your amount from one scheme to another scheme of the same mutual fund house depending on market conditions to get maximum benefit.
  • By using the same pin you can make additional investment any time.
  • By using the same pin you can withdraw (redeem) your money any time.
  • By using the same pin you can make changes in your personal details, bank details etc.
Here is Link of Mutual Fund House provide  Invest Online facility.

  1 .   Reliance Mutual Fund


  2     UTI Mutual Fund 


  3      HDFC Mutual Fund


  4      SBI Mutual Fund


  5      DSP BlackRock Mutual Fund


  6      Tata Mutual Fund


  7      Kotak Mutual Fund


 8       ICICI Mutual Fund


 9       Birla Mutual Fund


10       Fidelity Mutual Fund




Read More ->>
 

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