Wednesday, June 29, 2011
Saturday, June 25, 2011
Latest Fixed Maturity Plans & New Fund Offer List
Please find attached FMP Forms for your reference.
“LATEST FMP LIST” | ||||||
Sr. No | ONGOING FMP | OPENS | CLOSES | TENURE | MIN AMOUNT | |
1 | UTI Fixed Term Income Fund Series IX - VI | 20.06.2011 | 30.06.2011 | 368 Days | 5000 | |
2 | Kotak FMP Series 52 | 24.06.2011 | 28.06.2011 | 370 Days | 5000 | |
3 | ICICI Prudential FMP Series 58 - 2 year Plan A | 20.06.2011 | 30.06.2011 | 745 DAYS | 5000 | |
4 | Daiwa Fixed Maturity Plan – 3 M - Series 1 | 27.06.2011 | 28.06.2011 | 3 Months | 5000 | |
5 | TATA FIXED MATURITY PLAN - Series 32 | 27.06.2011 | 11.07.2011 | 736 Days | 10000 | |
6 | Axis Fixed Term Plan - Series 14 | 22.06.2011 | 28.06.2011 | 368 Days | 5000 | |
7 | JPMorgan India Fixed Maturity Plan Series 3 | 23.06.2011 | 27.06.2011 | 370 Days | 5000 | |
8 | HDFC FMP 370D June 2011 (4) | 23.06.2011 | 27.06.2011 | 370 Days | 5000 | |
9 | HDFC FMP 92D June 2011 (3) | 23.06.2011 | 28.06.2011 | 92 Days | 5000 | |
10 | Kotak FMP Series 53 | 28.06.2011 | 29.06.2011 | 245 Days | 5000 | |
11 | DSP BlackRock FMP- 12M-Series-24 | 21.06.2011 | 28.06.2011 | 12 Months | 5000 | |
Latest NFO List | ||||||
Sr No | AMC | Scheme Name | Opens on | Closes on | Type | |
1 | Birla SL Mutual Fund | Birla Sun Life Nifty ETF | 04.07.2011 | 18.07.2011 | Open Ended | |
2 | ICICI Pru Mutual Fund | ICICI Prudential Multiple Yield Fund - 3 Years Plan B | 15.06.2011 | 29.06.2011 | Close Ended | |
3 | TATA Mutual Fund | Tata Fixed Tenure Fund Series 2 Scheme A | 27.06.2011 | 11.07.2011 | Close Ended | |
Friday, June 24, 2011
Shriram NCD in Todays Economic Times
Shriram Transport Finance NCDs
Having tasted success through a couple of bond issuances earlier that were oversubscribed,Shriram Transport Finance has come up with another NCD (nonconvertible debenture) issue.The company plans to offer NCDs aggregating.500 crore with an option to retain another.500 crore.NCDs are becoming popular among investors due to higher coupon rates and high liquidity as they are listed on the stock exchanges.
THE PRODUCT:
As with the earlier issues,the debentures will be offered on a first-come,first-serve basis.The issue opens on June 27 and closes on July 9.However,the company has the option to close the issue earlier.There are two options in the NCDs: the first option comes with a five-year tenure,and the second has a term of three years.Under the first option,the interest rate is 11.60% for investments of.5 lakh and below and the interest rate payable will be 11.35% if the investment is above.5 lakh.The second option offers an interest of 11.35% for investments of.5 lakh and below and 11.10 % for investments above.5 lakh.For QIBs or NIIs,the interest payable is lesser at 11.10% for 5 years and 11% for a period of three years.The NCDs have a face value of.1,000 and one can apply for a minimum of.10,000.The secured NCD issue is rated AA/Stable by CRISIL and CARE AA by CARE.The rating of the NCDs by CRISIL indicates high degree of safety with regard to timely payment of interest and principal on the NCDs,while the rating of NCDs by CARE indicates high safety for timely servicing of debt obligations.The interest payable would be taxable,though there is no tax deduction at source (TDS).The NCDs would be listed on the National Stock Exchange (NSE) and would be available only in the demat form.
WHY TO APPLY:
The coupon rate is attractive for retail investors especially in the fiveyear category at 11.6%.Even if you are in the highest tax bracket,post tax returns are decent at 8.06%.
WHY NOT TO APPLY:
Though NCDs are listed on the stock exchange,hardly any trading takes place.Some earlier NCD issues of Shriram Transport (Series NF and Series NG) are available in the secondary market,with a yield ranging between 12% to 12.8%,which is slightly higher than the current yield.
Revised Rate of Interest in Essix Bioscience Ltd w.e.f 01 July'11
Essix Biosciences Ltd. has decided to increase the rates of interest on Fixed Deposits by 0.50% p.a. over and above the existing rates. We give the interest rate chart effective from 01.07.2011 for your kind information.
Scheme A (Quarterly Interest) | ||
Period | Minimum Amount (Rs.) | ROI (%) |
1 Yr | 10000 | 11.00 |
2 Yr | 11.50 | |
3 Yr | 12.00 | |
Scheme B (Cumulative) | |||
Period | Minimum Amount | Maturity Amount (Rs.) | Effective Yield (%) |
1 Yr | 10000 | 11,146 | 11.46 |
2 Yr | 12,545 | 12.72 | |
3 Yr | 14,257 | 14.16 | |
0.50% extra to Senior citizens having age 60 yrs & above
Please note that no application/renewal will be accepted without a copy of valid PAN CARD.
Download Shriram Transport NCD Form
You Can Download the Shriram NCD by clicking on below given link
http://www.smctradeonline.com/SavingBonds.aspx
Re-open Ind-Swift Laboratories Ltd. w.e.f 01 July'11
Ind-Swift Laboratories Ltd. has decided to re-open the Fixed Deposit scheme w.e.f 01.07.2011. Interest Rate chart for your kind information as follows:
Scheme A (Quarterly Interest) | ||
Period | Minimum Amount (Rs.) | ROI (%) |
1 Yr | 10000 | 11.00 |
2 Yr | 11.50 | |
3 Yr | 12.00 | |
Scheme B (Cumulative) | |||
Period | Minimum Amount | Maturity Amount (Rs.) | Effective Yield (%) |
1 Yr | 10000 | 11,146 | 11.46 |
2 Yr | 12,545 | 12.72 | |
3 Yr | 14,257 | 14.16 | |
0.50% extra to Senior citizens having age 60 yrs & above
Please note that no application/renewal will be accepted without a copy of valid PAN CARD.
Thursday, June 16, 2011
Most Attractive Fixed Deposits
MOST ATTRACTIVE FIXED DEPOSIT SCHEMES-BROKERAGE SLAB | ||||||
COMPANY NAME | RATE OF INTEREST ( %) p.a | REMARKS | MINIMUM INVESTMENT | |||
PERIOD | 6M | 12M | 24M | 36M | ||
ANSAL PROPERTIES & INFRASTRUCTURE LTD | 11.50 | 12.00 | 12.25 | 12.50 | Pan Copy Mandatory , Scheme B only | A & C=100000/-,B=50000/- |
ANSAL HOUSING & CONSTRUCTION LTD | 10.00 | 11.00 | 11.00 | 11.50 | No Add. Interest, Pan Mandatory | A & C-20000/- ,B-10000 |
BIRLA POWER SOLUTION LTD | - | 10.50 | 11.00 | 11.50 | 0.50% Add ROI to shareholder & 0.25% Add ROI if application amount >100000 | 10000/- |
DEWAN HOUSING FINANCE CORPORATION LTD | 400days=10.25% | 0.25% Extra for senior citizen,widow, armed, personnel, Existing DHFL home borrowers & DHFL share holders,0.25% for Deposit 25lac and above | 10000/- | |||
HDFC PLATINUM SCHEME | 15M=9.75% | 22M=9.55% | 33M=9.75% | - | 0.25% Add. ROI To Sr Citizen, These rates as per cumulative scheme | 20,000/- |
HELIOS & MATHESON LTD | - | 12.00 | 12.00 | 12.00 | | 25000/- |
JAI PRAKASH ASSOCIATES LTD w.e.f 22Sep | 10.50 | 10.50 | 11.00 | 11.50 | Accept only Individual & HUF, corporate deposit not accept, 6M not accepted by company in case of Scheme A | 20000/- |
JAPYEE INFRATECH LTD w.e.f 01Oct | 10.50 | 10.50 | 11.00 | 11.50 | 20000/- | |
KERALA TRANSPORT DEV. FINANCE CORP LTD | - | 9.75 | 9.75 | 9.75 | 48-60M=9.50% & brkrg=0.80%, 0.25 % extra to Sr. Citizen & on above Rs. 25lakh | |
LYKA LABS LTD w.e.f 16 Nov | 10.00 | 10.50 | 11.00 | 12.00 | Min. 1 Share, 0.50% extra for Sr. Citizen | |
NEESA LEISURE LTD | 11.00 | 11.25 | 11.75 | 12.00 | 0.50% Add. ROI to Sr. Citizen, Employees of the company & Appl. amount >=500000 | 25000/- |
SEJAL GLASS LTD | - | 11.50 | 11.75 | 12.00 | 0.50% ADD TO SR CITIZEN,SHAREHOLDER | 10000/- |
SHRIRAM UNNATI | - | 9.25 | 9.75 | - | - | 25000/- |
SHRIRAM TRANSPORT STRAIGHT BOND & SUBHIKSHA BOND | 78M=11.50 | 9.75 | 10.25 | 10.75 | 0.25% Add. ROI to Sr. Citizen, rate as per Yearly scheme, 78m Scheme is Subhiksha Bond, 48 & 60M: ROI=10.75%: Payout=2.60% | 10000/- |
UNITED SPIRITS LTD | - | 11.00 | 11.50 | - | | 25000/- |
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