Prajna Capital - An Investment Guide

  Issuer IFCI Limited ("the Issuer") Offering 2,00,000 Nos. Unsecured, Redeemable, Non-Convertible Bonds Series – IV of Rs.5,000/- each aggregating to Rs.100 crore with a green-shoe option to retain over-subscription. Type Private Placement basis Instrument Unsecured, Redeemable, Non-Convertible Long Term Infrastructure Bonds - Series IV, having benefits under section 80 CCF of the Income Tax Act, 1961 for investment upto Rs.20,000/- Eligible Investors Resident Indian Individuals (Major) and HUFs through Karta of the HUF Rating 'BWR AA-' by Brickwork Ratings India Pvt. Limited CARE 'A+' by CARE Ratings (Credit Analysis & Research Ltd.) 'LA' by ICRA Limited Face Value Rs.5,000/- per bond Minimum Application Rs.5,000/- (i.e. 1 Bond) Application in multiples of Rs.5,000/- (i.e. 1 Bond) Options for Subscription I II III IV   Frequency of Int...

High returns accompanied by a high-risk level   Download Muthoot Finance Application Forms Muthoot Finance's second non-convertible debenture ( NCD ) issue this year opened last week and would be available till January 7. Several others like L&T Finance, Shriram Transport and Tata Capital plan to follow soon. The investment tenure here varies from two to five and a half years and requires a minimum investment of ~5,000. The annual returns range from 13-13.43 per cent, varying across tenures. The returns, this time, are up from those offered during the previous issue (12 per cent) that opened earlier this year, and is possibly the highest being offered by any debt instrument in the market right now. An NCD is a type of loan issued by a company that cannot be converted into stock. They offer high returns, but are risky instruments and may not suit all investors. Liquidity is another issue. In a rising interest regime, getting out of a bank deposit may be easier than liqu...

Download PFC Tax Free Bond Application Forms Download PFC Tax Free Bond Application Forms   IT IS raining tax-free bonds in India. Following the launch of Rs 10,000 crore tax-free bond issue by the National Highway Authority of India ( NHAI ), three more state-owned firms are lining up to issue around Rs 20,000 crore worth of tax-free bonds in the next quarter. While the Indian Railway Finance Corporation ( IRFC ) is in the final stages of launching a Rs 10,000 crore tax-free bond issue, Power Finance Corporation ( PFC ) is coming out with a Rs 5,000 crore tax-free bond issue. Public sector firm, Housing and Urban Development Corporation (Hudco), will launch a Rs 5,000 crore bond issue as early as January 2012. PFC and Hudco have already made private placements in October worth Rs 900 crore and Rs 400 crore, respectively, at interest linked to government securities yields on similar tenure securities in September. Hudco, the company would launch the bonds by the middle of Ja...

The public issue of tax-free bonds by the National highways Authority of India (NHAI) has been subscribed by almost two times on the first day, according to merchant bankers. The subscription for ~10,000 crore of tax-free bonds, which opened today, may close by Friday, instead of the scheduled closure on January 11. SBI Capital Markets, A KCapital, Kotak Mahindra Bank, and ICICI Securities are the lead managers for the issue. The bonds have been rated 'AAA' by Crisil, CARE and Fitch. NHAI had the option of either closing the issue after a minimum of three days, or extend it by 30 days. NHAI received ~12,000 crore against ~4,000 crore reserved for qualified institutional investors, ~6,000 crore against ~3,000 crore reserved for high net worth individuals and ~1,000 crore against ~3,000 crore reserved for the retail segment. JN Singh, member (finance), NHAI, said the response for the issue was overwhelming. "The issue may be closed before schedule, if it is oversubsc...

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan Series 60-27 months Plan I. The new issue will be close for subscription January 9. How to apply to NHAI Bonds? You can download the forms below Download Application Forms Submit the filled up form to Collection canter near you     ---------------------------------------------   Application form for Applying for Tax Saving Long Term Infrastructure Bond     Current open Long Term Infra Bond Application form     Submit filled up application     Collection canter near you     --------------------------------------------- Buy Tax Saving Mutual Funds Online by selecting the Mutual Fund Schemes Mutual Funds Online   Download Tax Saving Mutual Fund Applications / Forms from all AMCs: Download Mutual Fund Applications  

Download Application Forms UNFAZED by uncertainty in the capital markets, the National Highways Authority of India ( NHAI ) will launch its first ever tax-free bonds issue of Rs 10,000 crore on December 28. The issue will close on December 30, a senior road transport ministry official said. The official further said the interest (coupon) rate of the bonds issue will be between 8 and 8.5 per cent, while refusing to disclose the exact number. "A formal announcement will be made by road transport minister CP Joshi and you should wait for that," the official said, adding that the money raised from it will be used to partly finance various national highways projects under different government schemes. "Some money will also be used for viability gap funding for BOT (build-operate transfer) road contracts," the official added. As per the prospectus filed by NHAI with the market regulator, the Securities and Exchange Board of India ( Sebi ), the bonds will have tw...

National Highways Authority of India's ongoing tax-free bond issuance may be a befitting end to this year of debt. Sources involved with the issuesay it has been subscribed to the tune of more than ~20,000 crore. Tomorrow may, therefore, be the last chance for retail investors to partake in the issue. Investors who missed this issue can take heart, though. For, Power Finance Company ( PFC ) is opening its issue on Friday. PFC is offering similar rates as NHAI: Annual taxfree returns of 8.2 and 8.3 per cent for 10 and 15 years, respectively. The minimum investment will, however, be lower at ~10,000, as against NHAIs ~50,000. Do not confuse these issues with tax-saving bond by the likes of IDFC and L&T. The taxsaving bonds allow investors to claim a deduction of up to ~20,000 under Section 80CCF. But the interest earned thereon is taxable. In the case of NHAI bonds, there is no deduction on the principal available. However, the interest earned will be completely tax-free un...

  THE first issue of tax-free bonds to the general public in over five years has received a good response with bids for the issue crossing the greenshoe mark as well. National Highways Authority of India's ( NHAI ) Rs 5,000 crore issue of tax-free bonds with a greenshoe option of another Rs 5,000 crore has been oversubscribed twice over. Till the end of Wednesday, we received total application money of Rs 23,000 crore, however, the retail investor bucket was still trailing at around Rs 628 crore out of the total limit of Rs 3,000 crore. "We want to keep the window open for the retail investors so that they can benefit out of this golden opportunity of stable return for the next 10 to 15 years," said AJ Singh, director finance at NHAI. The success is attributed to the huge interest shown by high net worth investors and companies in investing in a quasi-sovereign body that offers very good post-tax returns without much credit risk. The last public issue of such tax-fr...

Kotak Mutual Fund today said it will launch a new fund offer (NFO) tomorrow that aims to generate income by investing in debt, equity and money markets. The minimum investment in Kotak Hybrid Fixed Term Plan Series-I will be . 10,000 and the fund will close on January 12. The close-ended scheme has a maturity period of 24 months. Hybrid schemes offer low risks as the income earned from debt instruments helps to alleviate the risk associated with equity and equity-related instruments. Investors who aim to seek returns which are potentially higher than traditional deposit instruments and are tax-efficient should allocate some of their funds to such hybrid schemes.   Download to NHAI Bonds Application Form You can download the forms below Download Application Forms Submit the filled up form to Collection canter near you     ---------------------------------------------   Application form for Applying for Tax Saving Long Term Infrastructure Bond     Current open Long Term In...