Skip to main content

Shriram City Union NCD issue 2013 offers 11.5%

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)
 

Shriram City Union Finance NCD issue opens on Nov 25

 

NBFC Shriram City Union Finance proposes to open its public issue of non-convertible debentures (NCDs) of Rs 100 crore (with an option to retain oversubscription to the extent of another Rs 100 crore) on November 25.

 

Options of investment tenors are three, four and five years, with coupons of 11 percent p.a., 11.25 percent p.a. and 11.50 percent p.a. respectively for individual investors. Interest payment options comprise both annual and cumulative, with the latter providing effective yields of 12.27 percent p.a., 13.30 percent p.a. and 14.46 percent p.a. over three, four and five years respectively. Also on offer is a five-year structured NCD carrying a coupon of 11.50 percent p.a. with an annual interest payout.

 

Of the issue size, 80 percent of the issue is reserved for individuals; 40 percent being earmarked for retail investors (those investing in less than Rs. 5 Lacs) and 40 percent for high networth individuals (HNIs).

 

The NCDs are proposed to be listed on BSE and NSE, and hence may be traded.

RETAIL financing NBFC Shriram City Union Finance's Rs 200 crore nonconvertible debenture (NCD) issue is opening on November 25. The funds will be utilised for onward lending purposes.

The public issue aggregating to Rs 100 crore has an option to retain oversubscription of another Rs 100 crore.

Options of investment tenures are three, four and five years, with coupons of 11 per cent, 11.25 per cent and 11.50 per cent, respectively, for individual investors. Interest payment options comprise both annual and cumulative and the latter provides effective yields of 12.27 per cent, 13.30 per cent and 14.46 per cent over three, four and five years, respectively.

A five-year structured NCD carrying a coupon of 11.50 per cent with an annual interest payout is also offered.

Of the total issue size, 80 per cent is reserved for individuals, of which, 40 per cent is for retail investors investing less than Rs 5 lakh and 40 per cent for high net worth individuals.

The NCDs will be listed on BSE and NSE.

Shriram City Union Finance had earlier issued NCDs in 2011 and 2012.

"Shriram City's NCD issues in the years 2011 and 2012 performed exceedingly well. The proceeds of the current issue will be utilised for onward lending, with particular emphasis

on the MSME segment," Subhasri Sriram, executive director and CFO, Shriram City Union Finance.

A deposit-accepting NBFC, Sriram City Union Finance is a prominent player in the small loan segment of Rs 1 lakh to Rs 10 lakh. It also provides loans against gold, financing for two wheelers, preowned and new vehicle loans, personal loans and housing loans.

Shriram City has a presence in 1,021 branches and as of September 30 had an asset under management of Rs 15,118 crore.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

ICICI Prudential Dynamic Plan Invest Online

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   ICICI Prudential Dynamic Plan             Invest Online This fund does remarkably well during falling markets, but fails to show the same prowess during a rising market. The fund sticks to its mandate to adapt to the dynamic nature of the market by shuttling between debt and equity. It takes aggressive asset calls in equity when the market surges by investing in quality mid-cap stocks. At the same time, it adopts a defensive strategy by investing in debt and cash when markets get overvalued, making it a good long-term choice.     For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call     Leave a missed Call on 94 8300 8300   Leave your comment with mail ID and we will ...
Read more

Lump Sum or SIP?

Invest Mutual Fund Online     You have a lump sum in hand and you wish to invest in equity funds. However, you have heard a lot of talk about investing in equity funds through Systematic Investment Plans (SIPs) because they help average costs, ensure you do not ill-time the market, and help you invest in small sums, besides giving you many other advantages. So, should you invest the money you have in hand in one go, or let it remain in your bank account and then do an SIP? There is no harm in investing a lump sum amount. For all you know, compounding, over the long term, could work better with lump sum. However, make sure you fulfill all of these three criteria if you want to invest in one go. Else, SIP is the way to go. #1: You invest for the long term According to past data, ideally, if you have a time frame of 12 years or more, you can consider lump sum investing (provided you satisfy the other two conditions that follow). So, what is the sanctity behind 12 years? Is it because only...
Read more

Birla Sun Life MIP II Savings 5

  Birla Sun Life MIP II Savings 5 - Invest Online   Have you traditionally been a debt investor but now wish to test waters in equities? Then, debt-oriented funds such as Birla Sun Life MIP II Savings 5 (Birla Savings 5), which have limited exposure to equities, may fit your requirement. With a five year return of 10.5 per cent compounded annually, the fund managed a good 3-3.5 percentage points more than its benchmark Crisil MIP Blended Index, as well as its category average. The fund appears well poised to capitalise on a falling interest rate scenario and has increased the average portfolio duration of its debt instruments in recent times. Suitability Birla Savings 5 is suitable only for conservative investors. If you want to make a beginning in equities and cannot take any short-term declines in your stride, then this fund will suit you. If you are already an equity investor and want to use a debt-oriented fund merely as a diversifier, then you may prefer peers from the HDFC and Re...
Read more

Index funds / Exchange Traded Funds

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Index funds / Exchange Traded Funds Index funds are those funds which replicate a particular stock market index like Nifty, Nifty Junior, Sensex etc. The fund's composition is a mirror image of the index. As there is no active management involved and the fund is expected to generate what a particular index is generating, the fund management charges are very low in these funds. Though over a long period of time good active management does play its part, but many times it has been seen that due to wrong calls of fund manager mutual fund returns suffer very badly. It is then we repent paying heavy charges for fund management. So, to diversify fund manager risk one may look at index funds too. Exchange traded funds also come under this category. As they can on...
Read more

Why credit history is critical?

Will you need a loan to buy a car or a house? Do you know why some people get their loans sanctioned quickly without any hassle, whereas others find that their approval is delayed or their application is rejected? If you want a loan, you will need to work to build a solid credit history because this can have a bearing on the ease with which you get loans. Read on to learn more about what is a credit history and how to build a good credit score. What is a credit history? Your credit history is a way of tracking your credit behaviour and habits — basically it shows how disciplined and regular you are when it comes to repaying your dues on loans that you have taken. It will show a complete record of your past borrowing and repayment record including details about any late payments or if you have defaulted on a loan. This track record is readily accessible to lenders and is used by them to when reviewing your loan application. Borrowers who have historically had a bad record of managing...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now