Prajna Capital |
- Retail cap in REC Bond issue raised to Rs 5 lakh
- L&T Infrastructure Bond is the only one open now till 12 Mar 2012
- How to Muthoot Finance NCDs ?
- REC Bonds
- REC Tax Free Bond Application Form
- REC Tax Free Bond Issue
- How to apply to REC Tax Free Bonds ?
- Investors can exit without load when a fund house changes hands
| Retail cap in REC Bond issue raised to Rs 5 lakh Posted: 08 Mar 2012 02:04 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form The government has taken a U-turn on its decision to reduce the retail investor limit to ~1 lakh in the ~3,000-crore, tax-free, bond issue of Rural Electrification Corporation (REC), which opened for subscription today. The Central Board of Direct Taxes (CBDT), part of the Department of Revenue in the Ministry of Finance, in a notification has enhanced the retail limit to ~5 lakh. The new notification comes less than a month after it had classified investors investing over ~1 lakh as high net worth individuals (HNIs) All previous taxfree bond issues — National Highways Authority of India (NHAI), Power Finance Corporation, Housing and Urban Development Corporation and Indian Railway Finance Corporation — allowed retail investors to invest up to ~5 lakh. Bond market experts were surprised by the governments move to cap retail investment at ~1 lakh and expressed concern over garnering more retail applicants. The REC issue, the last tax-free bond issue in the current financial year, will close on Monday. The company is aiming to complete the allotment before March 31. REC is also the first issue to shut out foreign institutional investors, non-resident Indians and overseas corporate bodies from participating. With so many new restrictions, there were concerns the company wont be able to raise the desired ~3,000 crore. Maybe that is what made the CBDT take a U-turn. The decision to reduce the retail investment limit was aimed at reducing the misuse of retail quota by HNIs. Media reports had talked about a grey market in the NHAI bond issue, in which portions reserved for institutional investors and HNIs were oversubscribed in the first few days. Typically, the retail quota has remained undersubscribed for most of the recent bond issues. Many wealthy investors have used this as an opportunity and routed their applications through the retail quota.------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| L&T Infrastructure Bond is the only one open now till 12 Mar 2012 Posted: 08 Mar 2012 01:26 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 07 Mar 2012 08:20 PM PST
Muthoot Finance NCDs Application Forms Apply for Muthoot Finance NCDs forms below Download Muthoot Finance NCD Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 07 Mar 2012 08:15 PM PST Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| REC Tax Free Bond Application Form Posted: 07 Mar 2012 08:15 PM PST How to apply to REC Bonds ? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 07 Mar 2012 08:11 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form Download REC Tax Free Bond Application Forms When you buy 80CCF infrastructure bonds, the amount you invest in those bonds get reduced from your taxable income but in these bonds that's not going to be the case. The interest on these bonds will be tax free and they are similar to the other tax free bonds like the HUDCO, NHAI and PFC issues. For the two of you interested in knowing this – these bonds are tax free under Section 10(15)(iv)(h) of the Income Tax Act. Now on to the issue itself and let's start with the high credit rating that the issue has got. The REC tax free bond issue has been given the highest rating by all issuers since the government owns the majority stake (66.8%) in REC, it has been consistently profit making, this is a secured issue, and it has also been granted the Navratna status by the government. The issue is rated "CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE, "Fitch AAA(ind)" by FITCH and "[ICRA]AAA" by ICRA. This is a Rs. 30 billion or Rs. 3,000 crore issue and the minimum application size is Rs. 5,000 with each bond having a face value of Rs. 1,000. There are two series which will pay interest every year and the maturity on one series is 10 years while the other one is 15 years. The interest rate is slightly higher for retail investors and retail investors are defined as resident investors who invest less than Rs. 1 lakh in the bond issue. Unfortunately for NRIs, they can't invest in this bond issue – the prospectus doesn't explain why NRIs are barred from investing in these bonds. These bonds will list on the BSE and will only be issued in dematerialized form. Here are the details on these bonds. ------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| How to apply to REC Tax Free Bonds ? Posted: 07 Mar 2012 06:52 PM PST Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Investors can exit without load when a fund house changes hands Posted: 07 Mar 2012 06:12 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form
Sebi gives one month window to move out but transaction costs, capital gains tax have to be paid Investors in Fidelity India Fund Management must be a worried lot. With recent reports suggesting the fund house may sell its India business, almost a million customers (according to folios, Amfi data, as on September 2011) will have to take a call on whether or not to continue with the new management. In the interim, till/if the sale happens, the main question is whether to continue their systematic investment plans (SIPs) or not. Investors in mutual funds have faced such a situation several times in recent years. A number of fund houses have seen change in managements –such as Lotus Mutual Fund (buyer Religare), DBS Chola (buyer L&T) and Benchmark (buyer Goldman Sachs). Some of these, in fact, have happened within just a few days, without giving investors time to understand the ramifications. In such times, investors are provided with an exit option by the Securities and Exchange Board of India (Sebi). The investors will be intimated by a letter from your fund house, explaining the changes that will happen after the takeover, the managerial changes, ownership and so on. The letter will include details of the exit window, wherein investors who wish to redeem their units could do so without any exit load For instance, when Goldman Sachs took over Benchmark, investors who wanted to redeem their units were given time between July 11 and August 10, 2011. In an open-ended fund, you can exit schemes even after the window is closed. This available exit window, according to Sebi guidelines, is a month. Once the formal announcement is made by the fund house, one could look at the structural changes being made. One should look at how the current schemes get integrated with those of the new fund house and how this would affect current portfolios. And, most of all, they should see who is taking over the fund house. The pedigree of the acquirer, the fund managers, etc, should also be considered. In case the fund house is taken over by a company with no background in the business, as it happened in the case of L&T or Religare, one should look at the group's performance. In the interim, till the announcement comes, financial advisors advise a wait-and watch policy. There is no need for investors to press the panic button and redeem their units. In case one is investing through SIPs, the decision could be tough. Financial planners say, if the scheme is doing very well, there is no reason to exit or stop putting in money, because once the change in management takes place, there would be a free exit route. However, if the scheme's performance has been poor, taking a call on SIPs becomes simpler – just stop further investments. If one is unsure of the circumstances, one should avoid buying fresh units of the fund house till there is clarity. Putting fresh money is a strict no-no. Even as there is no exit load, there would be some costs. Sebi guidelines ensure investors do not have to shell out anything on account of exit load, but there would be a securities transaction tax of about 0.25 per cent. If an investor is exiting in less than a year, there would also be a 15 per cent short-term capital gains tax. In case of debt schemes, long-term capital gains are taxed at 10 per cent with indexation and 20 per cent without it. In the short term, the gains are added to your income and taxed in line with the applicable slab. Once management change is announced by the fund house, one should look at how the current schemes get integrated with those of the new fund house and how this would affect current portfolios --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
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