Prajna Capital |
- Rajiv Gandhi Equity Savings Scheme - Lock in may be reduced
- LIC Jeevan Vriddhi
- NHAI to again float Rs 10,000 Crore bonds towards the end of 2012 - 2013
- Choose the insurance you want on need basis
- Advantages of Investing in debt instruments
- ICICI Prudential Mutual Fund - ICICI Prudential FMP Series
- Dividend Yield Funds
- Infra tax free bond issuance doubled
- IDFC infrastructure bonds 2012 third tranche
- Income fund – Mutual Fund
- JM Financial Mutual Fund New Fund FMP Series
Rajiv Gandhi Equity Savings Scheme - Lock in may be reduced Posted: 22 Mar 2012 02:45 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form
THE finance ministry is considering to reduce the lock-in period for Rajiv Gandhi Equity Savings Scheme to one year from the proposed three years to make it more attractive to retail investors.
"The investors can put money in top 100 companies listed in BSE and NSE (under the scheme). We are looking at reducing the lock-in period requirement," said an official source.
Sources said, however, that investors will not be allowed to shuffle equity portfolio before the end of the year of investment.
In order to encourage savings and improve investment in capital markets, finance minister Pranab Mukherjee in his 2012-13 budget had announced Rajiv Gandhi Equity Scheme, under which 50 per cent tax deduction would be allowed to retail investors with annual income less than Rs 10 lakh, for investment up to Rs 50,000, with a lock-in period of three years.
Sources said this type of scheme was first introduced in Belgium, followed by France and some eastern European nations.
The scheme was highly successful in France and had helped in increasing retail participation in equity market from 7 per cent to 17 per cent, a source said, adding it was also appreciated by IMF chief Christine Lagarde in her recent meeting with Mukherjee.
Finance secretary RS Gujral had earlier said that a formal guideline on the scheme, aimed at channelising savings into the stock markets, will be issued within a month. Besides introducing this scheme, the government has also proposed to make stock market investment more attractive by lowering the securities transaction tax (STT) by 20 per cent from 0.125 per cent to 0.1 per cent on cash delivery transactions. Strategic move Lock-in may be reduced to one year from the proposed three years to make it more attractive Investors will not be allowed to shuffle equity portfolio before the end of the year of investment This type of scheme was successful in France and had helped in increasing retail participation --------------------------------------------- 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 )
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Posted: 22 Mar 2012 02:22 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form
LIC's Jeevan Vriddhi is a single premium policy with a 10-year term that offers guaranteed returns on maturity. The guaranteed additions are determined by the age of the policyholder and the amount of single premium paid. The death benefit in this scheme is equivalent to five times the amount of premium paid
--------------------------------------------- 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 |
NHAI to again float Rs 10,000 Crore bonds towards the end of 2012 - 2013 Posted: 22 Mar 2012 01:52 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form If you could not get a share of ~10,000-crore bond issue of the National Highways Authority of India (NHAI) this financial year, you will have to wait for the fourth quarter of 2012-13 for a second chance, as the highways authority plans to again hit the bond market around that time. "The finance minister's announcement allowing us to raise ~10,000 crore through tax-free bonds is beneficial for us, as this will ensure cheap and long-term borrowings. Since we do not need the money immediately this year, we plan to launch our bonds by the fourth quarter of next financial year," J N Singh, member (finance), NHAI told Business Standard. According to the current financial plan, the highways authority will require ~24,000 crore till the end of 2012-13. Of the total requirement, ~14,000 will come from the government in the form of cess and toll income, while the rest will come from money raised through the earlier bond issue. NHAI had come out with a bond issue in December last. The issue was oversubscribed in the HNI and QIB category on the first day itself. Though the highway authority proposed to issue ~5,000-crore bonds, it ended up raising ~10,000 crore with a greenshoe option as it got oversubscribed to the extent of ~25000 crore despite shaky market conditions. Around 70 per cent of the ~10,000 crore will go in acquiring land for various projects, including expressways. The remaining will go for funding projects. The authority has also allocated funds for arbitration cases, to be soon taken to a committee. Around ~10,000 crore is estimated to be stuck in various disputes with contractors. For the second consecutive year, finance minister Pranab Mukherjee allowed NHAI to raise ~10,000 crore through tax-free fbonds. The Budget also announced to double the kitty of tax-free bonds for the infrastructure sector by increasing it to ~60,000 crore for 2012-13. This ~60,000-crore bond window includes ~10,000 crore for IRFC, ~10,000 crore for IIFCL, ~5,000 crore for HUDCO, ~5,000 crore for National Housing Bank, ~5,000 crore for SIDBI, ~5,000 crore for ports and ~10,000 crore for the power sector. The Budget also annou-nced an increase in road award target to 8,800 km for next financial year, an increase from 7,300 km this financial year. The allocation of the road transport ministry has been enhanced by 14 per cent to ~25,360 crore in 2012-13. Apart from tax-free bonds, NHAI raises money through short-term (three years) 54EC bonds. Any capital gains from sale of long-term capital assets, such as real estate or gold, can get tax exemption by investing in the 54-EC infrastructure bonds. Under Roads Transport Minister C P Joshi, the current financial year has been a good year for NHAI and it awarded a record 7,300 km. For the first time ever, NHAI awarded 21 projects on a premium. The premium income from these 21 projects will come to around ~3,000 crore per year, and will increase by five per cent every year till the concession period ends. A company offering a premium means it is committing to an annual payment to the government over a period of time, instead of seeking a grant for building a road. A substantial increase in premium income has brought down NHAI_s borrowing requirement by half. The B K Chaturvedi committee had said the highway authority will need to raise ~191,000 crore by 2030-31, but now the requirement stands reduced by ~1 lakh crore to ~83,000 crore. NHAI had come out with a bond issue in December that was oversubscribed on the first day.--------------------------------------------- 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 )
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Choose the insurance you want on need basis Posted: 22 Mar 2012 12:39 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form Buying a car? Your dealer will choose your auto insurer. Going on a holiday? The price includes the cost of travel insurance. For several years now, Indians have been sold insurance bundled with other products or services. Even home loan customers are sometimes forced to take a loan protection term cover. But the insurance regulator is not happy with this combo selling. In a discussion paper released this month, the Insurance Regulatory and Development Authority (Irda) has expressed concerns that this bundling forces consumers to buy products they don't want and allows dealers to push policies that earn them better commissions even though they might not suit the buyer.
--------------------------------------------- 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 )
|
Advantages of Investing in debt instruments Posted: 21 Mar 2012 11:58 PM PDT 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 )
|
ICICI Prudential Mutual Fund - ICICI Prudential FMP Series Posted: 21 Mar 2012 10:14 PM PDT ICICI Prudential MF has announced the preponement of new fund offer (NFO) of ICICI Pru FMP Series 63 1 Year Plan C. Now, the NFO will close on March 24, instead of March 26 --------------------------------------------- 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 )
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Posted: 21 Mar 2012 09:34 PM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form
Around 125 companies rewarded their shareholders with dividends, in some cases interim dividends, since the beginning of this year. Prominent names in the list include public sector units such as Oil India, NMDC, ONGC and some multinational companies like Abbott India, Aventis, and Bosch. Naturally, some people are once again waking up to the charm of dividend paying stocks and dividend yield strategy to build wealth. Regular cash payouts in the form of dividends always had takers in the market, especially those who were looking for regular income as well as capital appreciation over a long period of time.
What is Dividend Yield ? For the uninitiated, dividend yield can be calculated by dividing the dividend per share by the prevailing price of the stock. In a bad market, dividend yield goes up as the stock prices fall, making such an attractive bet. The fund manager tries to cash in on the opportunity to buy under-priced stocks. Fund managers can buy a stock when it is cheap on the dividend yield basis and can sell it as it turns dear if dividend yield falls with rising prices, thus capturing profits for investors. Such a fund will have companies with sound financials and consistent dividend paying record. That means, apart of the regular dividends, you can also be reasonably sure of the capital appreciation over the long-run. Sure, if you have the stock picking skills, you can replicate the same strategy to build your own portfolio. Otherwise, stick to a good mutual fund scheme.
--------------------------------------------- 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 )
|
Infra tax free bond issuance doubled Posted: 21 Mar 2012 08:55 PM PDT
Tax Saving Mutual Funds Online Current open Infra Bond Application form
Reiterating the government's focus on providing an impetus to the infrastructure sector, finance minister Pranab Mukherjee on Friday doubled the amount to be raised through tax-free bonds to ~60,000 crore for 2012-13. He also widened the ambit of the viability gap funding (VGF) to a host of other sectors. VGF is provided to make public-private partnership projects viable. "I propose to double the amount to be raised through tax-free infrastructure bonds to ~60,000 cr in 2012-13. This includes ~10,000 cr for NHAI (National Highways Authority of India), ~10,000 cr for IRFC (Indian Railway Finance Corporation), ~10,000 cr for IIFCL (India Infrastructure Finance Co Ltd), ~5,000 cr for Hudco, ~5,000 cr for National Housing Bank, ~5,000 crore for SIDBI, ~5,000 cr for ports and ~10,000 cr for the power sector," he said. Irrigation, terminal markets, common infrastructure in agriculture markets, soil testing laboratories and capital investment in the fertiliser sector will be eligible for VGF under this scheme, he said. Oil and gas/LNG storage facilities and oil and gas pipelines, fixed network for telecommunication and telecommunication towers will also be made eligible sectors for VGF. Lauding the performance of the ministry of road transport and highways, he said allocation for the ministry will be increased by 14 per cent to ~25,360 crore in 2012-13. He also proposed covering 8,800 km under the National Highways Development Programme next year. The ministry is set to achieve its target of awarding projects covering 7,300 km during 2011-12. This would be 44 per cent higher than the best-ever length of 5,082 km awarded in 2010-11. The minister has focused on getting private money to the sector, strengthening the implementation and also provided more avenues of raising funds with measures such as relaxing external commercial borrowings' guidelines. All this will provide an impetus to the sector. Recapitalisation of banks will also make them cash-rich and help in funding the infrastructure projects. INFRASTRUCTURE Analysts say the government expects a major part of the ~60,000 cr to come from the private sector |Tax-free bonds of ~60,000 cr to be allowed for financial infrastructure projects, from ~30,000 cr in 2011-12 |Allocation to road transport and highways ministry enhanced by 14 per cent to ~25,360 crore |Projects covering 8,800 km to be awarded under NHDP, against 7,300 km in 2011-12 |Irrigation, terminal markets, common infrastructure in agriculture markets, soil testing laboratories and capital investment in fertiliser sector, oil and gas/LNG storage facilities and oil and gas pipelines, fixed network for telecommunication and telecommunication towers made eligible for VGF--------------------------------------------- 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 )
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IDFC infrastructure bonds 2012 third tranche Posted: 21 Mar 2012 09:54 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form Infrastructure Development Finance Company (IDFC) has announced the public issue of the third tranche of long term infrastructure bonds of face value of Rs 5,000, in the nature of secured, redeemable, non-convertible debentures, having benefits under Section 80CCF of the Income Tax Act, 1961, for an aggregate amount not exceeding Rs 3700 crore. This is the issue of the third tranche of long term infrastructure bonds having benefits under Section 80CCF of the Income Tax Act, 1961, by the company within the overall aggregate limit of Rs 5000 crore for the financial year 2011-12. The issue of tranche 3 bonds opened for subscription on March 19, 2012, and will close on March 30, 2012, or earlier, as may be decided by the board of the company. 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 prospective investors through newspaper advertisements on or before such earlier or extended date of issue closure. Ratings: The tranche 3 bonds have been rated as (ICRA)AAA by ICRA and Fitch AAA(Ind) by Fitch. While the ICRA rating indicates stable outlook and the highest degree of safety for timely servicing of financial obligations, the Fitch rating indicates a long term stable outlook. Issue structure: The tranche 3 bonds will be issued in two series - Series 1 tranche 3 bonds and series 2 tranche 3 bonds and will carry an interest rate of 8.43% per annum. The tranche 3 bonds will carry a minimum lock-in period of five years from the deemed date of allotment and can be redeemed after 10 years from the deemed date of allotment. The tranche 3 bonds also have a buy back option at the end of five years. The minimum subscription will be two tranche 3 bonds and in multiples of one tranche 3 bond thereafter. For the purpose of fulfilling the requirement of minimum subscription of two tranche 3 bonds, an applicant may choose to apply for two tranche 3 bonds of the same series or two tranche 3 bonds across different series. Security: The tranche 3 bonds are fully secured with first floating paripassu charge over certain receivables of the company and first fixed paripassu charge over specified immoveable properties of the company. The security cover is 1.0 times of the outstanding tranche 3 bonds at any point in time. 80CCF benefit: The bonds have been classified as long term infrastructure bonds and are being issued in terms of Section 80CCF of the Income Tax Act, 1961. In accordance with Section 80CCF, an amount, not exceeding Rs 20,000 per annum in the year of investment, paid or deposited as subscription to long term infrastructure bonds during the previous year relevant to the assessment year beginning April 01, 2012, shall be deducted in computing the taxable income of a resident individual or hindu undivided family (HUF). In the event that any applicant applies for tranche 3 bonds exceeding Rs 20,000 per annum in the year of the investment, the aforesaid tax benefit shall be available to such applicant only to the extent of Rs 20,000 per annum in the year of the investment. The company has raised approximately Rs 1200 crore in the first two tranches of infra bonds. The funds raised through the public issue of tranche 1 bonds, tranche 2 and tranche 3 bonds will be utilized towards infrastructure lending as defined by Reserve Bank of India (RBI) in the Regulations issued by it from time to time, after meeting the expenditures of, and related to the issue. The lead managers to the bond issue are Karvy Investor Services Limited, HDFC Bank Limited -Investment Banking Division, ICICI Securities Limited, JM Financial Consultants Private Limited and IDFC Capital Limited. The co-lead managers to the issue are Bajaj Capital Limited, RR Investors Capital Services Private Limited and SMC Capitals Limited. The registrar to the issue is Karvy Computershare Private Limited.
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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
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Posted: 21 Mar 2012 09:11 AM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form In such a situation, theoretically, dynamic bond funds are best suited. Interest rates and bond prices are inversely related. When the interest rate is rising, bond prices fall and the fund manager should be able to decrease the duration of the bond; short-term bonds face a lower impact. And when the interest rate is falling he should be able to increase the duration of the bond. The fund manager can dynamically move from a fully invested situation to a cash position and various stages in between depending on his reading of the market. Generally, a long-term fund may run a passive exposure to long rates at all points in time. On the other hand, a dynamic fund would take tactical positions and run a combination of long and short end views.
But the critics out there are numerous. One argument levied against such funds is that the underlying assumption is that the fund manager will get his call right every single time. "It's like throwing a dart," says one fund manager. It is different when the fund manager goes long or short depending on a certain formula, but here it is a subjective call and he has to get it right every single time. Not a possible task.
Another grouse up against dynamic bond funds is that these funds are run pretty much like income funds. Even in a regular income fund, the average maturities can fluctuate widely, just as they do in dynamic funds.
How should an investor decide which fund to go for? One parameter is the direction of interest rates. There are way too many variables that go into determining the direction of interest rates - domestic and international. It is difficult for an experienced debt fund manager to make such a call, so one cannot even expect a retail investor to venture into that zone. Cycles are getting shorter. Markets are getting more volatile. If the days of easy predictability of bond prices and interest rates are over, how should an investor decide where to invest?
The second is the tenure of the investment. If an investor is looking to park his spare cash for three months, he would be making a big mistake in putting it in a medium-term gilt fund. He should pick a debt fund whose average maturity matches his investment horizon. But if he has money to spare for a year, he can consider a dynamic bond fund. Even today, Fixed Maturity Plans (FMPs) are good bets but there is a reinvestment risk. If the rate cycle turns by the time the FMP matures, the investor could lose out on an opportunity even if he then puts the money in a long-term bond fund. It would be wise to invest a portion of your debt allocation in an actively managed income fund.
Income fund - The risks
Credit risk
Liquidity risk
--------------------------------------------- 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 )
|
JM Financial Mutual Fund New Fund FMP Series Posted: 21 Mar 2012 08:10 AM PDT
JM Financial Mutual Fund has announced the launch of JM FMP Series XXII Plan A & Plan B. The NFO will be open for subscription from March 26, 2012 to March 27, 2012 for Plan A and March 28, 2012 to March 29, 2012 for Plan B. --------------------------------------------- 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
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