Monday, December 26, 2011

Prajna Capital

Prajna Capital


REC Long Term Infrastructure Bonds Series 2012

Posted: 26 Dec 2011 03:53 AM PST

 

REC Long Term Infrastructure Bonds-Series (2011-12)
 

Issuer REC Limited ("the issuer")

Offering 2,00,000 Nos. Redeemable, Non-Convertible REC Long Term Infrastructure Unsecured

Bonds – Series of Rs. 5,000/- each aggregating to Rs. 100 crore with a green-shoe option

to retain over-subscription

Type Private Placement basis

Instrument Redeemable, Non-Convertible REC Long Term Infrastructure Unsecured Bonds having

benefits under section 80 CCF of the Income Tax Act, 1961 for investment up to Rs.

20,000/-

Eligible Investors Resident Indian Individuals (Major) and HUF through Karta of the HUF

Face Value Rs. 5,000/- per bond

Minimum Application Rs. 5,000/- (i.e. 1 Bond)

Maximum Application No limit

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

 

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Application form for Applying for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

---------------------------------------------

Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes

Mutual Funds Online

 

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:

Download Mutual Fund Applications

Keeping goals as the focal point of any investment

Posted: 25 Dec 2011 11:17 PM PST

 

A RECENT development in the mutual fund space has been the concentration by mutual funds on providing solutions for investors. Here, the fund tries to ensure that there is an achievement of the goals of individual or the family by providing various funds that can be used for this purpose. This is a different approach that is being adopted by the mutual funds for the purpose of connecting with the investor.

While considering this situation there are a few things that the investor needs to know to evaluate the options in front of them.


Financial planning approach: One of the first points to understand for the investor is that the goal-oriented approach is exactly what is undertaken when the process of financial planning is adopted. Under the financial planning approach the starting point is to consider the financial position of the investor and then setting the different goals.

The goals have to be achieved over a period of time and there are various ways and routes in which planning is undertaken. The important thing for investors is that they concentrate on the goals and formulate a plan that will help in attaining these goals over a period of time.

Asset classes: Just as an individual will look towards different asset classes like equity, debt and gold for achieving their goals, these mutual fund offerings also follow the same approach. Usually the goals would require the usage of multiple asset classes and hence they will form the possible investment route for various funds that are launched under this.

The main thing to consider here is the allocation that will be given to different asset classes.

Different risk:

The other feature of the goal-oriented approach of mutual funds that are launched is that they will provide various investment options for the investor.

These options will meet the differing risk criteria that are faced by the investor and hence they can adopt the route that matches with their risk taking needs.

In some cases the choice can be simple like conservative, moderate and aggressive while some funds might offer an additional choice in the form of ultra conservative or ultra aggressive. The presence of a higher choice is not necessarily a good thing because this can make the decision making process difficult.


Own approach:

The main question that the investor should ask is whether they should adopt one of these funds for the purpose of their requirements or should they follow their own approach. If the investor is already using the financial planning route where they are setting their own goals and then making use of various investment alternatives to achieve these goals then they need not go in for specific funds that try and achieve the same objective.

This is important because of the fact that it would lead to a situation where there is a duplication of the effort that is taking place. If an approach is suited to requirement and this is working fine then they should stick to it and ensure that they continue with it.
Even when they have adopted financial planning on their own it is likely that they will be using different mutual funds as part of the process.

 

NHAI Tax Fee Bonds

Posted: 26 Dec 2011 01:20 AM PST






















Submit filled up application http://www.thefinapolis.com/v2/locateus.asp



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Application form for Applying for Tax Saving Long Term Infrastructure Bond




Current open Long Term Infra Bond Application form





Submit filled up application Collection canter near you





---------------------------------------------



Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes








Download Tax Saving Mutual Fund Applications / Forms from all AMCs:



NHAI tax free bonds opens on 28 December 2011 and Issue closes on 11 Jan 2012

Posted: 25 Dec 2011 08:41 PM PST

UNFAZED by uncertainty in the capital markets, the National Highways Authority of India (NHAI) will launch its first ever tax-free bonds issue of Rs 10,000 crore on December 28.

The issue will close on 11 Jan 2012, a senior road transport ministry official said.

The official further said the interest (coupon) rate of the bonds issue will be between 8 and 8.5 per cent, while refusing to disclose the exact number.

"A formal announcement will be made by road transport minister CP Joshi and you should wait for that," the official said, adding that the money raised from it will be used to partly finance various national highways projects under different government schemes.

"Some money will also be used for viability gap funding for BOT (build-operate transfer) road contracts," the official added.

As per the prospectus filed by NHAI with the market regulator, the Securities and Exchange Board of India (Sebi), the bonds will have two maturity periods of 10 and 15 years, and would get listed on the BSE and the National Stock Exchange.

In this year's budget, the government had allowed NHAI to raise Rs 10,000 crore from the tax-free bonds, an instrument never used by it earlier. Till now, it used to raise funds through issue of 54EC bonds, under which subscribers can claim exemption of capital gains tax.

Citing the provisions of income tax rules, the NHAI prospectus has, however, clarified that only the interest earned on the new bonds will be tax-free, not the actual investments.

Moreover, investors will be liable to pay capital gains tax as applicable, it further said.

According to the NHAI prospectus, the bonds issue will worsen its debt-to-capital ratio from 0.11 to 0.29 if it raises Rs 10,000 crore from the markets. The debt-to capital ratio reflects the financing strengths of a firm.

Higher the ratio, the more debt the company has, compared to its equity.

As of June 30, the NHAI's total debt (including secured loans) stood at Rs 6,636.21 crore.

The bond issue has got AAA (stable) rating from the three agencies — Crisil, CARE and Fitch.

SBI Caps, ICICI Securities, Kotal Mahindra Capital and AK Capital Services have been appointed as the lead managers by the NHAI for the bonds issue.
 

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Application form for Applying for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

---------------------------------------------

Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes

Mutual Funds Online

 

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:

Download Mutual Fund Applications

 

 

DSP BlackRock Tax Saver Fund

Posted: 25 Dec 2011 07:26 PM PST


 

Fund Size as on

Jan 10, 2012

Fund Size ( Rs. in crores)

838.19

Asset Allocation as on

Jan 10, 2012

Equity

97.91%

Debt

0.08%

Others

2.01%

 

DEBT

Company Name

Instrument

Rating

Market Value (Rs. in crores)

Percentage of Net Assets

Britannia Industries Ltd 

Debentures

AAA 

0.66 

0.1

 

EQUITY
Company Name
Instrument
No. of Shares
Market Value (Rs. in crores)
Percentage of Net Assets
Infosys Technologies Ltd
Equity
133126 
34.70 
5.07
State Bank of India
Equity
155618 
27.43 
4.01
Reliance Industries Ltd.
Equity
324246 
25.23 
3.69
Bharti Airtel Ltd
Equity
614823 
23.74 
3.47
HDFC Bank Ltd.
Equity
522248 
23.11 
3.38
ICICI BANK LTD.
Equity
318480 
22.69 
3.32
Tata Consultancy Services Ltd.
Equity
182597 
20.37 
2.98
Nestle India Ltd
Equity
47025 
19.82 
2.9
Larsen & Toubro Limited
Equity
148109 
18.84 
2.75
Credit Rating Information Services Of India Ltd
Equity
193860 
17.22 
2.52
 
 
---------------------------------------------

Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes

Mutual Funds Online

 

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:

Download Mutual Fund Applications

 

---------------------------------------------

 

Application form for Applying for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you




DSP BlackRock Tax Saver Fund

Posted: 25 Dec 2011 07:23 PM PST

 

Fund Size as on

Jan 10, 2012

Fund Size ( Rs. in crores)

838.19

Asset Allocation as on

Jan 10, 2012

Equity

97.91%

Debt

0.08%

Others

2.01%

 

DEBT

Company Name

Instrument

Rating

Market Value (Rs. in crores)

Percentage of Net Assets

Britannia Industries Ltd 

Debentures

AAA 

0.66 

0.1

 

EQUITY
Company Name
Instrument
No. of Shares
Market Value (Rs. in crores)
Percentage of Net Assets
Infosys Technologies Ltd
Equity
133126 
34.70 
5.07
State Bank of India
Equity
155618 
27.43 
4.01
Reliance Industries Ltd.
Equity
324246 
25.23 
3.69
Bharti Airtel Ltd
Equity
614823 
23.74 
3.47
HDFC Bank Ltd.
Equity
522248 
23.11 
3.38
ICICI BANK LTD.
Equity
318480 
22.69 
3.32
Tata Consultancy Services Ltd.
Equity
182597 
20.37 
2.98
Nestle India Ltd
Equity
47025 
19.82 
2.9
Larsen & Toubro Limited
Equity
148109 
18.84 
2.75
Credit Rating Information Services Of India Ltd
Equity
193860 
17.22 
2.52
 
 
---------------------------------------------

Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes

Mutual Funds Online

 

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:

Download Mutual Fund Applications

 

---------------------------------------------

 

Application form for Applying for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

DSP BlackRock Tax Saver Fund

Posted: 26 Dec 2011 03:42 AM PST






















Fund Size as on


Jan 10, 2012


Fund Size ( Rs. in crores)


838.19


Asset Allocation as on


Jan 10, 2012


Equity


97.91%


Debt


0.08%


Others


2.01%



















DEBT


Company Name


Instrument


Rating


Market Value (Rs. in crores)


Percentage of Net Assets


Britannia Industries Ltd


Debentures


AAA


0.66


0.1









































































EQUITY


Company Name


Instrument


No. of Shares


Market Value (Rs. in crores)


Percentage of Net Assets


Infosys Technologies Ltd


Equity


133126


34.70


5.07


State Bank of India


Equity


155618


27.43


4.01


Reliance Industries Ltd.


Equity


324246


25.23


3.69


Bharti Airtel Ltd


Equity


614823


23.74


3.47


HDFC Bank Ltd.


Equity


522248


23.11


3.38


ICICI BANK LTD.


Equity


318480


22.69


3.32


Tata Consultancy Services Ltd.


Equity


182597


20.37


2.98


Nestle India Ltd


Equity


47025


19.82


2.9


Larsen & Toubro Limited


Equity


148109


18.84


2.75


Credit Rating Information Services Of India Ltd


Equity


193860


17.22


2.52






Application form for Applying for Tax Saving Long Term Infrastructure Bond

Current open Long Term Infra Bond Application form


Submit filled up application <<---- Collection canter near you

---------------------------------------------
Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes
Mutual Funds Online

Download Tax Saving Mutual Fund Applications / Forms from all AMCs:
Download Mutual Fund Applications

DSP BlackRock Tax Saver Fund

Posted: 25 Dec 2011 06:52 PM PST

 

Fund Size as on

Jan 10, 2012

Fund Size ( Rs. in crores)

838.19

Asset Allocation as on

Jan 10, 2012

Equity

97.91%

Debt

0.08%

Others

2.01%

 

DEBT

Company Name

Instrument

Rating

Market Value (Rs. in crores)

Percentage of Net Assets

Britannia Industries Ltd 

Debentures

AAA 

0.66 

0.1

 

EQUITY

Company Name

Instrument

No. of Shares

Market Value (Rs. in crores)

Percentage of Net Assets

Infosys Technologies Ltd

Equity

133126 

34.70 

5.07

State Bank of India

Equity

155618 

27.43 

4.01

Reliance Industries Ltd.

Equity

324246 

25.23 

3.69

Bharti Airtel Ltd

Equity

614823 

23.74 

3.47

HDFC Bank Ltd.

Equity

522248 

23.11 

3.38

ICICI BANK LTD.

Equity

318480 

22.69 

3.32

Tata Consultancy Services Ltd.

Equity

182597 

20.37 

2.98

Nestle India Ltd

Equity

47025 

19.82 

2.9

Larsen & Toubro Limited

Equity

148109 

18.84 

2.75

Credit Rating Information Services Of India Ltd

Equity

193860 

17.22 

2.52

 

 

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