RURAL Electrification Corporation, the state-run lender for utilities, plans to raise 50 crore from sale of bonds that carry tax-benefits under the program to promote infrastructure building. The company follows many such as Infrastructure Development Finance Co and IFCI that have been raising funds using the tax benefit status. REC bonds are rated triple A. REC, which began the private placement from Thursday, is offering an interest rate of 8% per annum where bonds have a buyback option after five years. And 8.1% a year without the buyback option that will be redeemed after 10 years.
Franklin India High Growth Companies Fund Online One of the key developments that the Street is keenly waiting for is a cut in interest rates by Reserve Bank of India . With demand rising gradually, a rate cut is expected to boost earnings growth for companies. In such a situation, schemes which invest in high growth companies are best suited, especially when seen from a long-term perspective. One such scheme is Franklin India High Growth Companies Fund. Fund managers Anand Radhakrishnan, Roshi Jain and Srikesh Nair strictly follow valuation parameters when it comes to choosing stocks.Valuation parameters, such as enterprise value, price-to-earnings growth ratio, forward price-to-sales ratio and discounted earnings per share, play a critical role in selecting companies for investments. Taking into account these parameters, the fund managers invest in companies which are poised for high growth in their respective sectors. This approach has been in favour of the scheme and it has perform...
