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Author Archives: wealth18

Stock that can deliver over 25% returns – Espirito Santo

Last updated : 24th February, 2014 20-Feb-2014 Following are the brokerage’s views on the companies that can deliver over 25 % returns. ING Vysya Bank: Target price Rs 711   ( CMP 553  – Upside 28% ) Strong Tier 1 (14.5%) and higher PCR% (88%) stock currently trading at 1.3x FY15 P/B potential M&A option   Bajaj Auto: Target price Rs 2,355 (CMP  1825  – Upside 29%) Trading at  13.5x FY15E  earnings   ( ubstantial discount despite visibility of 18- 20 per cent CAGR growth till FY16 13% discount to Hero Motocorp Read More »

Ennore Port Tax Free Bonds – Feb 2014 – Details

Last updated : 8th April, 2014 Ennore Port  is targeting to raise up to Rs 500 crore with an option to retain over-subscription up to Rs.750 crore.  It has AA Credit Rating. The issue is open from 18-Feb-2014  to 14-Mar-2014 . However, it may close early, depending on response.    Ennore Port  Tax Free Bonds  Details Series I Series II Series II Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.61% 9.00% 9.00% Effective Pre-Tax Yield (30% tax slab) 12.46% 13.02% 13.02% Effective Pre-Tax Yield (20% tax slab) 10.84% 11.34% 11.34% Effective Pre-Tax Yield ... Read More »

IREDA Tax Free Bonds – Feb 2014 – Details

Last updated : 8th April, 2014 Indian Renewable Energy Development Agency (IREDA)  is targeting to raise up to Rs 500 crore with an option to retain over-subscription up to Rs.1000 crore.  It has AAA credit Rating. The issue is open from 17-Feb-2014  to 10-Mar-2014 . However, it may close early, depending on response.   IREDA  Tax Free Bonds  Details Series I Series II Series II Tenor 10 Years 15 years 20 years Interest Paid Annual Annual   Coupon Rate 8.41% 8.80% 8.80% Effective Pre-Tax Yield (30% tax slab) 12.17% 12.74% 12.74% Effective Pre-Tax Yield (20% tax slab) 10.59% 11.08% 11.08% ... Read More »

IIFCL Tax Free Bonds Tranche 3 – Feb 2014 – Details

Last updated : 8th April, 2014 Review of –  IIFCL Tax Free Bonds – Tranche III – February 2014 India Infrastructure Finance Company proposes to raise upto Rs 2823 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche III) The tax free bonds issue would open from 17-Feb-2014 and closes on 14-Mar-2014 (May close early. Last tranche oversubscribed on Day 1) Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds  – Tranche 3 Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.41% 8.80% 8.80% ... Read More »

Check your current Cheque book – Is it valid (new CTS) ?

Last updated : 23rd April, 2014RBI has implemented the new Cheque Truncating system (CTS) and from 1st January 2013, only the new CTS complaint cheques will be honored. Update: The timeline has been extended mnay times from 31-Mar-2013 to 31-Jul-2013 to 31-Dec-2013 Received the following SMS from bank, “Dear Customer, please deposit CTS compliant cheques(i.e cheques with CTS India watermark) for your credit card repayments from 31 December, 2013 to avoid delayed clearance and late payment fees. Non CTS compliant cheques ( cheques not compliant to the cheque truncation system(CTS) 2010 standards) will be cleared thrice a week only, until 30 ... Read More »

8.75% Interest on PF for 2013-2014

Last updated : 7th October, 2016 The Employees’ Provident Fund Organisation’s apex decision making body – Central Board of Trustees (CBT) – met on Monday to decide on the PF interest rate for this fiscal. Labour and employment minister Oscar Fernandes said – Retirement fund body EPFO on Monday raised the PF interest rate from 8.5 percent to 8.75 per cent for 2013-14. The EPFO’s Central Board of Trustees met on Monday and approved the interest rate that will now be forwarded to the finance ministry for notification. The EPFO, which is estimated to have an income of Rs 20,796.96 ... Read More »

Rules to check before making annual Tax / Investment Declaration to employer

Last updated : 25th April, 2014 In January, most employers ask their employees to submit the investment declaration along with the proof every year.  If you do not submit this declaration, the employer may deduct higher TDS amount. What needs to be declared? Employees should declare the tax saving investments and other deductions which they intend to claim in current financial year.   What will happen if the declaration & proofs are not submitted? If you fail to submit the investment details & proof, the employer will not give you tax benefit for such investments and will deduct higher TDS ... Read More »

IRFC Tax Free Bonds – Jan 2014 – Details

Last updated : 8th April, 2014 IRFC is offering tax-free secured redeemable non convertible bonds to raise Rs 1500 crore, with an option to retain oversubscription upto Rs 8663 crore. The issue will be open during 06-Jan-2014 to 20-Jan-2014 (extended to 7-Feb-2014) Indian Railway Finance Corporation  (IRFC)  Tax Free Bonds  Details Series I Series II Tenor 10 Years 15 years Interest Paid Annual Annual Coupon Rate 8.48% 8.65% Effective Pre-Tax Yield (30% tax slab) 12.27% 12.52% Effective Pre-Tax Yield (20% tax slab) 10.68% 10.89% Effective Pre-Tax Yield (10% tax slab) 9.45% 9.64% Minimum Application Rs 5000 Maximum Application Rs 10 ... Read More »

Where should I invest my money?

Last updated : 28th April, 2014  There is a famous saying in financial world that you will become rich by “Investing” not only “Saving”. Well, Isn’t Investing & Saving is the same thing? Actually No, when you save money, you put it in extremely safe, liquid option like Bank Account, Fixed deposit etc. Saving is mainly to keep pace with Inflation or short term goals or for emergency. When you want to invest, you look around for various available options which can grow your wealth. Based on the goal horizon & risk appetite, you can invest your money in options ... Read More »

Personal Finance resolutions for New Year

Last updated : 23rd April, 2014 Happy New Year !!! January is the month of resolutions. Most people make New Year’s resolutions focussing on physical fitness. At the same time, keeping eye on your financial health is very important. So here are financial resolutions you should make for this new year. 1. I will prepare a master list of all my financial assets Prepare a list of all your investments (shares, mutual funds, NSCs, bank FDs, bonds etc), DMAT accounts, insurance (LIC policies, ULIP, health insurance etc), loans, etc. To start with, write down all these data into an excel ... Read More »

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