Posted: 01 Apr 2015 03:21 AM PDT

Public Issue by Srei Equipment Finance Limited of Secured Redeemable Non-Convertible Debentures

Issue Structure:

Issuer	Srei Equipment Finance Limited
Type of Instrument	Secured redeemable non-convertible debentures
Seniority	The claims of the NCD Holders shall be superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of other creditors of the Company having the same security.
Listing	The NCDs are proposed to be listed on BSE and NSE. The NCDs shall be listed within 12 Working Days from the date of Issue Closure. For more information, see "Other Regulatory And Statutory Disclosures – Listing on page no. 196 of this Prospectus.
Rating of the Instrument	The NCDs have been rated 'CARE AA (Double AA)'by CARE pursuant to letters dated March 11, 2015 and March 30, 2015 136 and "BWR AA" (BWR Double A) (Outlook Stable) by BRICKWORK pursuant to letters dated June 20, 2014 and revalidation letter dated March 11, 2015. Instruments with a rating of of 'CARE AA (Double AA)' by CARE and 'BWR AA" (BWR Double A) (Outlook Stable) are considered to have high degree of safety regarding timely servicing of financial obligations. The rating provided by CARE and BRICKWORK may be suspended, withdrawn or revised at any time by the assigning rating agency on the basis of new information etc., and should be evaluated independently of any other rating. The rating is not a recommendation to buy, sell or hold securities and investors should take their own investment decisions.
Issue	Public Issue by our Company of Secured Redeemable NCDs aggregating up to Rs 250 Crores with an option to retain over-subscription up to Rs 250 Crores aggregating to a total of up to Rs 500 Crores.
Total Issue Size	Base Issue as mentioned in the respective Tranche Prospectus(es) with an option to retain oversubscription upto the rated size, as specified in the Prospectus
Interest on Application Amount received, which are used towards Allotment of NCDs	The Company shall pay interest on application money to the successful Applicants, interest at the rate of 9.75 % p.a on the Application Amount allotted, from the date of realisation of application money
Interest on Application Amounts received, which are liable to be refunded	7%
Issue Price (Rs per NCD)	Rs 1000/-
Face Value (Rs per NCD)	Rs 1000/-
Deemed Date of Allotment	The Deemed Date of Allotment for the NCDs shall be the date on which the Board of Directors or duly authorized committee thereof approves the allotment of NCDs or such date as may be determined by the Board of our Company and/or a duly authorized committee thereof and notified to the Stock Exchange. All benefits under the NCDs including payment of interest will accrue to the NCD Holders from the Deemed Date of Allotment. The actual allotment of NCDs may take place on a date other than the Deemed Date of Allotment.
Mode of Allotment	Compulsorily in dematerialized form to all categories of investors other than Individual Category Investors who have opted for allotment of NCDs in the physical form in accordance with Section 8 (1) of the Depositories Act, 1996. Only Category III Investors can apply for allotment of NCDs in the physical form. However Series I, Series IV and Series VII NCDs would be allotted compulsorily in dematerialized form to all categories of Investors.
Trading mode of the Instrument	The trading of the NCDs on the stock exchange shall be in dematerialized form only.
Depository	NSDL and CDSL
Debenture Trustee	Axis Trustee Services Limited
Lead Managers to the Public Issue	Edelweiss Financial Services Limited and Srei Capital Markets Limited
Registrar to the Issue	Karvy Computershare Private Limited

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Leave a missed Call on 94 8300 8300

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Tata FMP Series Roll Over

Posted: 01 Apr 2015 01:59 AM PDT

The Tata Mutual fund house has announced roll over of Tata FMP Series 47 Scheme E and Tata FMP Series 47 Scheme F by 1099 days. The schemes shall now mature on April 18, 2018 and April 23, 2018 as against April 15, 2015 and April 20, 2015

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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

Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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

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Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Exit Costly Ulips

Posted: 31 Mar 2015 11:26 PM PDT

If you are holding a high-cost Ulip, this could be a good time to surrender it

Imagine a situation where your investment grows by 9.5% every year but you have to pay 7% in charges. Many Ulip investors don't have to imagine. For them, this is the harsh reality of the returns that their Ulips have earned in the past five years. Data from Morningstar shows that aggressive Ulip funds that allocate up to 100% to equities have earned average annualised returns of 9.43% in the past 5 years. That's a tad better than the 9.24% delivered by the Sensex during the same period.

However, these numbers only show the rise in the NAV and don't reflect the real returns for the investors. Given the high charges of the Ulips bought before September 2010, many investors have barely earned any returns. Many charges are not taken out of the NAV but deducted by reducing the number of units.

Ulips have long been reviled for their high charges and the opaque manner in which they are levied. Before the 2010 guidelines, insurance companies used to frontload the charges on these plans, making the first few years super costly . But in some Ulips, the charges continue to be high even after the pain period of the initial years is over. In some cases, the charges are as high 6.77% a year. If you include the fund management charges, the total cost to the investor is nearly 7% a year. This means a Ulip must grow by least 18-20% to deliver meaningful returns to the policyholder.

We have not considered the mortality charges here because they are linked to the life insurance cover offered by the Ulip. If you take those into account, the total charges paid by the policyholder will be even higher.

If you are also holding such a high cost plan, it may be time to get rid of this investment. But go through the fine print of the terms and conditions before you close it. There can be surrender charges on pre-2010 Ulips. After the three-year lock-in period, the premature surrender charge is close to 3-4%. This gradually comes down over the next 3-4 years but some policies charge 1-2% even in the fifth or sixth year. Only after the seventh year onwards there is no surrender charge.

Before you surrender the policy, be clear about how the proceeds will be deployed. There is no point in withdrawing the amount if you plan to blow it away. In that case, it's better to remain invested. Those who want to redeem Ulips should have a clear perspective on how the proceeds will be utilised.

Choose an option that best suits your risk profile and investment horizon. If you are risk averse and want to save for your little daughter's education or marriage, the Sukanya Samriddhi Scheme is a good idea. If you don't have a daughter below 11 years, the PPF is your best bet. However, if you want higher returns and can digest a little risk, go for equity diversified mutual funds. The returns will be tax free after a year. For investors looking for tax-free returns as well as tax deduction under Section 80C, the new online Ulips from insurance companies can be a good option. But buy them only if you intend to remain invested for at least 10-12 years. If retirement planning is the objective, you can consider putting ` 50,000 in the NPS under the newly introduced Sec 80CCD (1b).

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds