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Wednesday, November 28, 2012

REC Tax Free Bond Issue Open 3 Dec 12

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REC has come out  with a Tax Free issue of Rs. 1000 Cr. with an option to retain over subscription upto Rs. 4500 Cr.



REC Tax Free Bond ISSUE Product DETAILS

Issue Opens
Monday, December 03, 2012
Issue Closes
Monday, December 10, 2012*
Issuer
Rural Electrification Corporation Limited
Issue Size
Public Issue of Rs. 1000 crores with right to retain oversubscription upto the Shelf Limit (i.e. upto Rs 4,500 crores)
Mimnimum Application Size
Face value of each Bond shall be Rs. 1,000/- and the minimum application size shall be for 5 bonds and in multiples of 1 Bond thereafter
Listing
BSE and NSE
Rating
“CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE, “IND AAA” by IRRPL
“[ICRA]AAA” by ICRA
Coupon Rates for Category-I, II, III & IV Applicants (% p.a)
7.22%
7.38%
Additional Coupon Rates for Category-IV Applicants (% p.a.)**
0.50%
0.50%
Aggregate Coupon Rates for Category-IV Applicants (% p.a.)**
7.72%
7.88%
Interest payment date
December 01, of every year.
Tenor
10 years
15 years
Face Value per Bond
Rs. 1,000/-
Frequency of Interest payment
Annual
Annual
Registrar
Karvy Computershare Private Limited
Mode of allotment
In dematerialised form as well as in physical form, at the option of Applicants.

*ALLOTMENT IS ON FIRST COME FIRST SERVE BASIS AND BIDDING OF THE FORM IS MANDATORY. 


Cheque/DD should be drawn in favour of   " REC Tax Free Bond 2012-13 Escrow Account - Tranche I"   & cross A/c Payee


Tax Benefits of the Bonds :

  •  No TDS deduction from the Interest
  • The Income by way of Interest on these Bonds is fully exempt from Income Tax
  • No Wealth Tax
  • No deduction from the total Income will be available for Invested Amount.


Document required for Physical Copy of NCD Certificate  (KYC):
  1. Self attested copy of Pan Card,
  2. Self attested copy of residence valid proof,
  3. Self attested copy of Cancelled cheque of the bank account to which the amount pertaining to payment of refunds, interest & redemption, as applicable, should be credited.

Call for Investment : Rajendra 8007750904 (Pune )
                                   rajendra@puneinvest.com

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Saturday, November 24, 2012

My view -Birla Sun Life Capital Protection Orientation Fund Series-14 NFO 26 Nov to 10 Dec.12

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Birla Sun Life Capital Protection Orientation Fund Series-14 a close ended capital protection oriented scheme that seeks to provide capital appreciation linked to equity market with downside protection at the end of tenure.

NFO Opens                                         26 November 2012 
 closes on                                            10 December 2012. 

 Tenure                                                 1093 days.


Asset Allocation                               80% to 100% Debt Securities
                                                                 0%  to 20% Option Premium

Option/ Plan                                       Growth

Min Investment Amt                       5000   

Load Structure                                    Entry Load - Nil   Exit Load - Nil


An Illustration for Capital Protection

Capital Protection :  Assume an initial investment  of Rs.100 for 1093 days. Assuming interest rate of similar tenure AAA rated paper  as 8-85%, one would need to deploy about Rs. 84.83 in a  AAA rated debt & money market instrument so that is grow to Rs. 100 at the end of 1093 days.

Balance amount  Rs. 15 invested in Option

Now your invested is protected If you invested Rs.100 then you get back Rs.100 & what is profit / interest received in this scheme

Situation 1 :

Nifty at the time of expiry above 5000 say  at 7000
(market appriciate 40%)

      Debt amount                         Rs. 100 
    (capital protected)

     Option profit                          Rs.  30
                                                       -----------
After 1093 day                                   130
your valuation                           



Situation 2 :


Nifty at the time of expiry is below or equal to 5000 

      Debt amount                         Rs. 100 
    (capital protected)

     Option profit                          Rs.  000
                                                       -----------
After 1093 day                                   100
your valuation                           



This product yield around 9.50% if sensex  close +21000 @ time of maturity.

Capital protection fund delivery return      in the range of 0% to 10%

No way to invest in this type of fund. It's not for retail investor product.


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Wednesday, November 21, 2012

IPO Tara Jewels Ltd Issue dt 21 Nov to 23 Nov

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Jewellery manufacturer and exporter Tara Jewels is coming out with an IPO starting on the 21st of November,2012. The issue, which will close on November 23, it comprises of fresh equity shares worth Rs 179.5 crore and an offer for sale of Rs 70 crore worth of shares by Fabrikant H K Trading.
Issue Details:

Issue Opens:
21/11/2012
Issue Closes:
23/11/2012
Issue Size:
Rs. 179.50 - 183.49 Crore
Or
7,977,778 Equity Shares of Rs. 10
Face Value:
Rs. 10 per Equity Share
Issue Price:
Rs. 225 to Rs. 230 per Equity Share
Market Lot:
50 Shares
Listing on:
BSE & NSE
Cheque for Resident Retail Individuals in favour of:
“TJL IPO – R”
BRLM:
Enam Securities Private and ICICI Securities
Registrar to the issue:
Link Intime India

About Tara Jewels:
·         The company conducts jewellery retail operations in the domestic market under the brand 'Tara Jewellers' and currently has 30 existing stores spread mainly in west, central and the north. 
·         The company primarily exports to Australia, China, Canada, European Union, South Africa, UAE, the UK, and US. Going forward, the company will explore export opportunities in South and Central America.
·         The company has four manufacturing units, three in Mumbai and one in China.
·         They are planning an additional 20 retail stores by the end of this financial year mostly in the north and the central region. These stores will be in tier I, II, III and IV cities catering to the middle class.
·         Net profit of the company rose 33 per cent year-on-year to Rs 54.13 crore and total revenue increased 22.5 per cent to Rs 1,401.05 crore in FY'12. 

 Retail Applicant’s Application Matrix:

Upper Price Band (in Rs.)
Lot Size (No. of Shares)
Amount (in Rs.)
230
50
11500
230
100
23000
230
150
34500
230
200
46000
230
250
57500
230
300
69000
230
350
80500
230
400
92000
230
450
103500
230
500
115000
230
550
126500
230
600
138000
230
650
149500
230
700
161000
230
750
172500
230
800
184000
230
850
195500

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Birla Sunlife Fixed Term Plan - Series GA (518 days)

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Birla Sunlife Fixed Term Plan - Series GA (518 days)
(A Close ended Income Scheme)

 
Birla Sun Life Fixed Term Plan - Series GA (518 days)
NFO OpensNovember 22, 2012
NFO ClosesNovember 26, 2012
Scheme Duration518 days from and including date of allotment
Minimum Investment Amount5000/- and in multiples of 10/- thereafter
NFO Price10/- per unit
Tax Benefits: The scheme can also give your investor the benefit of tax efficiency by enjoying the advantage of double indexation or a lower tax rate of 10.3%. 

Tax liability of 10.3% is calculated assuming Long Term Capital Gains Tax for Individual investor of 10% and applicable cess without taking into account the indexed cost of acquisition for determining capital gains. These are based on prevailing taxation laws. Further, Investors are requested to note that fiscal laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. In case of individual nature of tax implications, investors are further advised to consult their tax advisor before making investments.
 
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