Thursday, January 5, 2012

Prajna Capital

Prajna Capital


PFC Tax Free Bonds

Posted: 05 Jan 2012 03:53 AM PST

Download PFC Tax Free Bond Application Form

Download PFC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

 

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Application form for Applying for Tax
 

 

Tax Saving Mutual Fund Application Forms from all AMCs

Download Mutual Fund Applications

 

 

 

How to Apply for NHAI Tax Free Bonds

Posted: 05 Jan 2012 03:20 AM PST

How to apply to NHAI Bonds?

You can download the NHAI Tax Free Bonds forms below

Download NHAI Tax Free bond Application Forms

Submit the filled up form to Collection canter near you

 
How to apply to PFC Bonds?

Apply for PFC Tax Free Bonds forms below

Download PFC TAX Free Bond Application Forms

Submit the filled up form to Collection canter near you


 

 

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Application form for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

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Invest Tax Saving Mutual Funds Online

Mutual Funds Online

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

ICICI Prudential Mutual Fund New FMP - ICICI Prudential Fixed Maturity Plan Series 61 18 Months Plan B

Posted: 05 Jan 2012 01:29 AM PST

 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan Series 61 18 Months Plan B.

The new issue will be open from January 3.
 

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Invest ICICI Prudential Mutual Funds Online

Mutual Funds Online

 

Download any Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

Download SREI Infrastructure Bond Application Form

Posted: 05 Jan 2012 01:12 AM PST

 

Download SREI Infrastructure Bond Application Form
 

SREI Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

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Invest in Tax Saving Mutual Funds Online

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Mutual Fund Applications

 

 

 

 

PFC Tax Free bonds subscribed 2.4 times

Posted: 04 Jan 2012 11:46 PM PST

The success of the tax-free bond issue by the National Highways Authority of India (NHAI) has been repeated by Power Finance Corporation (PFC)'s tax-free bond issue of ~4,033 crore, which has been subscribed 2.4 times. The power sector lender received subscriptions worth ~9,791 crore within three days since the opening of the issue.

The qualified institutional investor and high net worth individual (HNI) categories have been over subscribed. However, there is alot of scope to accommodate retail investors.

The government-controlled nonbanking financial company received applications worth ~7,118 crore, against ~2,016 crore reserved for the qualified institutional placement category. The issue was also oversubscribed in the HNI segment and the applications received stood at ~2,397 crore, against ~1,008 crore reserved for the category.

The bonds issued by PFC carry a coupon of 8.3 per cent and 8.4 per cent for maturity periods of 10 and 15 years, respectively. NHAI had offered 8.2 per cent and 8.3 per cent for similar tenures.

However, applications received in the retail segment amounted to ~277 crore, against ~1,008 crore reserved for retail investors. Fifty per cent of the issue is reserved for institutional investors and 25 per cent each for HNIs and retail investors. The bonds are rated 'AAA' by ICRA and Crisil.

The second tranche of PFC's tax free bond issue opened on December 30. The size of the issue is ~1,000 crore, with an option to allot shares worth ~3,033 crore in case of oversubscription, taking the issue size to ~4,033 crore. In the first tranche, the power sector lender raised ~967 crore. The company has been allowed to raise up to ~5,000 crore by the government in 2011-12.

Commenting on the lukewarm response by retail investors, Despite advertising, the awareness among retail investors about the product remains low. We can close the issue after three days by giving a notice a day before….But we may keep the issue open till January 16 to allow more retail investors to subscribe. Tax-free bonds are those in which the interest income from the instruments is not taxed. Infrastructure related firms are able to garner much-needed capital for on-lending and project execution through such issues.

Other infrastructure companies that have secured the government's approval to raise money include Indian Railways Finance Corporation (IRFC) and Housing Urban Development Corporation (Hudco). The total amount to be raised by these companies is ~30,000 crore. Hudco and PFC are allowed to raise up to ~5,000 crore each, while NHAI and IRFC can raise up to ~10,000 crore each.
 

How to apply to PFC Bonds?

Apply for PFC Tax Free Bonds forms below

Download PFC TAX Free Bond Application Forms

Submit the filled up form to Collection canter near you


How to apply to NHAI Bonds?

You can download the NHAI Tax Free Bonds forms below

Download NHAI Tax Free bond Application Forms

Submit the filled up form to Collection canter near you

 

 

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

 

Application form for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

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

Invest Tax Saving Mutual Funds Online

Mutual Funds Online

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

ELSS Mutual Funds Online

Posted: 04 Jan 2012 08:05 PM PST

Invest Tax Saving Mutual Funds Online

Mutual Funds Online

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

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

 

Application form for Tax Saving Long Term Infrastructure Bond  

 

Current open Long Term Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

 

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

 
How to apply to PFC Bonds?

Apply for PFC Tax Free Bonds forms below

Download PFC TAX Free Bond Application Forms

Submit the filled up form to Collection canter near you


How to apply to NHAI Bonds?

You can download the NHAI Tax Free Bonds forms below

Download NHAI Tax Free bond Application Forms

Submit the filled up form to Collection canter near you

 

 

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