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Author Archives: wealth18

HUDCO Tax free Bonds 2013 Details – Tranche II – Details & Review

Last updated : 2nd May, 2014 UPDATE – For HUDCO Tax free bonds in Sep 2013- Oct2013, please go to this link Below, post is for HUDCO bonds issue in Feb-Mar-2013 In this week, there is wave of second tranche of Tax free bonds. PFC, HUDCO, REC, IRFCare launching second round (tranche) of tax free bonds, Housing and Urban Development Corporation (Hudco) is targeting to raise up to Rs 2,805 crore through the second tranche of its public issue of tax-free bonds. In the first tranche, which was closed on February 7 2013, the company had raised Rs 2,195 crore. ... Read More »

REC Tax Free Bonds Issue 2013 – Tranche II – Details & Review

Last updated : 2nd May, 2014 In this week, there is wave of second tranche of Tax free bonds. PFC, HUDCO, REC, IRFC are launching second round (tranche) of tax free bonds, REC – Rural Electrification Corporation is targeting to raise up to Rs 2582 crore through the second tranche of its public issue of tax-free bonds. The first tranche was closed in Dec 2012. The second tranche would open from Feb 25 and close on March 15 2012. The issue size is Rs 100 crore with an option to retain oversubscription up to Rs 2,482 crore. About the Company ... Read More »

Rajiv Gandhi Equity Savings Scheme – RGESS – Tax Saving Option

Last updated : 9th April, 2014 Rajiv Gandhi Equity Savings Scheme (RGESS) – this new tax saving scheme was introduced in 2012 Budget to attract retail investors to invest in Equity, directly or indirectly.  RGESS scheme was introduced in 2012 budget, but the details of this scheme were made available only in Sep 2012. Presently, only 3-4% of Indian household savings is going into equities as compared to  42% in the US and 14% in China   How much is the Tax Benefit? Under section 80CCG of the IT act 1961, an investor will get a tax deduction of 50% ... Read More »

IRFC Tax free Bonds 2013 Issue – Details & Review

Last updated : 2nd May, 2014 (Last Date for IRFC Tax free Bonds is extended to 8-Feb-2013) Indian Railway Finance Corporation (IRFC’s) tax-free bond issue is set to hit the market between 21-29 January 2013. IRFC is offering tax-free secured redeemable non convertible bonds to raise Rs 1000 crore, with an option to retain oversubscription upto Rs 8886.40 crore. The issue is similar to previous Bonds of HUDCO, REC, PFC & IIFCL. However, HUDCO is offering better rates. Check my post on HUDCO issue. Last Date for HUDCO is also extended to 7-Feb-2013   About the Company IRFC primarily funds ... Read More »

When do you need a PAN Card?

Last updated : 23rd April, 2014 1.  What is PAN PAN is short form of “Permanent Account Number” . It is a 10 digit alpha-numeric unique number allotted by Indian Income Tax Department. It is issued in the form of a laminated card. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states. 1a. PAN Structure PAN structure is as follows: ABCPG9999K: First five characters are letters, next 4 numerals, last character letter First 3 characters – are running series – AAA to ZZZ Fourth character – depends on catergory og PAN ... Read More »

Should you invest in Gold ?

Last updated : 23rd April, 2014 With gold prices touching new highs, you must be regretting for not buying gold when it was “cheaper” 2-3 years ago. You must be thinking – “Should I buy gold now before any further increase in prices?” Government has hiked the import duty in gold from 4% to 6% to curb import of gold. (ET 21-Jan-2013).  Why government wants to restrict import of gold? In this post, I have tried to discuss these questions and various other aspects related to gold investment. ============================================================================ We, Indians, love Gold and made India – the world’s largest ... Read More »

Basics of Mutual Fund

Last updated : 2nd May, 2014 I remember, when I advised one of my friends to invest via Mutual funds, he replied – “I am afraid of share market and that’s why I don’t want to invest in Mutual Funds. “ Do you also think, investing in mutual funds means investing in share market and it is as risky as share market. Then you are not correct and need to understand the basics of Mutual Fund. It is a Myth that : Mutual Funds means Share Market. Mutual Fund by itself is not an Investment but it is a way ... Read More »

CARE Rating IPO Dec 2012 – Details & Review

Last updated : 23rd April, 2014 CARE Ratings IPO will open on 7-Dec-2012 & closes on 11-Dec-2012 with price band of Rs 700-750. Research Firm – KRChoksey advises to subscribe to CARE Ratings IPO.  See Full report link at end of this post. About the Company & Business Model Credit Analysis and Research Ltd (CARE ratings) is one of the leading credit rating agencies in India. The company was promoted by IDBI Bank, Canara Bank and State Bank of India and stands second after CRISIL in terms of rating turnover. The company has added many income generating pool of products ... Read More »

SREI Infrastructure Finance – NCD Sep 2012 – Details & Review

Last updated : 2nd May, 2014 SREI Infrastructure Finance – NCD Details & Review – Sep 2012 SREI Infrastructure Finance is the latest company to raise funds through NCDs. Secured NCD from SREI Infrastructure is offering interest upto 10.30%. The first-cum-first serve issue opens on 20th Sep. It is offering lower rates as compared to recent NCDs of Religare Finvest (12.5%),  Muthoot Finance (12%) & Shriram City Union (11.75%) About the Company :  Srei Infrastructure Finance Limited (NBFC) provides financial products and services to its customers engaged in infrastructure development and construction, with particular focus on power, road, telecom, port, ... Read More »

Religare Finvest Limited – NCD Issue Sept 2012

Last updated : 2nd May, 2014 Religare Finvest Limited – NCD Details & Review 12.50% return on 5 year secured NCD from Religare Finvest seems attractive for retail investors.  The issue is opening on 14th Sep (on first come first served basis) and offering rates better than recent NCDs of Muthoot Finance (12%) & Shriram City Union (11.75%) Religare Finvest Limited, a subsidiary of Religare Enterprises Limited intends to raise Rs 500 crore from the capital market through its public issue of Secured Redeemable Non-Convertible Debentures.  This NCD is offering yield upto 12.6%. About the Company Religare Finvest Limited is ... Read More »

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