Monday, December 23News That Matters

Author: wealth18.com

How to use Sweep-in facility in HDFC bank via netbanking?

How to Series
In my other post,I explained How you can earn upto 9% on your savings bank account using Auto sweep / sweep-in facility (Read Full Post). In this post, I have provided step-by-step guide to use the sweep-in facility in your HDFC Bank Account via NetBanking. HDFC Bank provides this facility to all its customers who have NetBanking facility. (holding pattern should be SINGLE & not Joint). I have savings account with HDFC bank and it is very simple to use this facility. Step 1:  Go to “Fixed Deposit” Section – Open Fixed deposit Enter – Nature of Deposit – Reinvestment of Interest Step 2:  Activate Sweep-in on this FD Once the FD is made online, then go to Option – “Fixed Deposit Sweep-in” and enable the Sweep-in on that FD. It will allow sweep-in the amount from this FD to Sa...

2013 – Top Large Cap, Mid Cap & Small Cap Stock Recommendations (for Medium to Long term)

Stocks
In this post, I am trying to compile shares recommendations by reputed brokerage houses for medium to long term investment. These includes Large Cap , Midcap & small cap shares. I will be updating this post periodically to include new recommendations. DISCLAIMER: These stocks are recommended by Brokerage houses and compiled from popular websites like MoneyControl, ET etc for benefit of members. These are NOT our views.   11-Feb-2014 ET Apollo Hospitals (Target 1150) Yes Bank  (Nomura Buy - Target 550) Bank of Baroda (KR Choksey, Target 650) Cadila Healthcare   (Kotak, target 920) Kotak Mahindra  (HdfcSec , Target 729)    Top 10 midcap stocks which can return over 20% in 9-12 months  (ET 12 Feb 2014)     Here is a list of top ten midcap ideas to hold for a period ...

NHB Tax Free Bonds – Dec 2013 to Jan 2014 – Details

Bonds
National Housing Bank (NHB) is targeting to raise up to Rs 1,000 crore with an option to retain over-subscription up to Rs.2,100 crore. The issue is open from 30-Dec-2013 to 31-Jan-2014   On 1st day of issue itself, it is oversubscribed by 2.08 times the issue size National Housing Bank  (NHB) Tax Free Bonds  Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.51% 8.88% 9.01% Effective Pre-Tax Yield (30% tax slab) 12.32% 12.85% 13.04% Effective Pre-Tax Yield (20% tax slab) 10.72% 11.18% 11.35% Effective Pre-Tax Yield (10% tax slab) 9.49% 9.90% 10.04% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens on 30-Dec-13 Issue Closes on 31-Jan-14 About the Com...

New Rule for HRA exemption – Landlord’s PAN must when rent paid per annum is Rs 1 lakh

Taxation
Till now, employees were required to submit the rent agreement / stamped rent receipts etc, to their employer to get HRA exemption. In FY 2011-2012, Landlord’s PAN was made mandatory if rent paid was more than Rs 180000 per annum (Rs 15000/ month). But now from FY 2013-2014, if annual rent paid is more than Rs.1 lakh per annum (i.e. Rs 8333 per month) , it is mandatory for the employee to give PAN of the landlord. What is this new circular ? “”   In a recent circular from Central Board of Direct Taxes (CBDT) NO 08 2013 F No 275 192 2013 IT B; if annual rent paid by the employee exceeds Rs. 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along ...

India Infoline Housing Finance (IIHFL) NCD – IIFL Home Bonds – Dec 2013 – Details & Review

Bonds
India Infoline Housing Finance Limited (IIHFL), the housing finance arm of India Infoline Limited, plans to open  public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each.  - IIFL Home Bonds Recently. India Infoline Finance Limited, parent company of IIHFL, raised Rs 1,050 crores,through NCDs. Issue open & Close :  12 Dec 2013 to 20 Dec 2013 Type of Instruments – Secured Redeemable & non-Convertible Debentures -  NCDs Size of Issue - Rs 250 crore through this issue, with an option to retain oversubscription upto Rs 250 crore, aggregating to a total of upto Rs 500 crore. Listing – Both DMAT & Phyical Form -   Proposed to be listed on BSE / NSE Credit Rating –  CRISIL AA-/Stable’ and ‘CARE AA-'  (denotes high degree of safety) Invest...

IIFCL Tax Free Bonds Tranche 2 – Dec 2013 – Details

Bonds
Review of -  IIFCL Tax Free Bonds - Tranche II - December 2013 India Infrastructure Finance Company proposes to raise upto Rs 1000 crore with an option to retain over subscription upto Rs 2,000 crore aggregating to Rs 3000 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche II) The tax free bonds issue would open from  09-Dec-2013  and closes on 10-Jan-2014   (already oversubscribed - Rs 1000 crore on 1st day of opening) Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds  - Tranche II Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.66% 8.73% 8.91% Effective Pre-Tax Yield (30% tax slab) 12.53% 12.63% 12.89% Effective Pre-Tax Yield (20% tax s...

HUDCO Tax Free Bonds Tranche 2 – Dec 2013 – Details

Bonds
Housing and Urban Development Corporation Limited (HUDCO) has come out with its 2nd tranche of tax free bonds of face value Rs 1000 each aggregating to Rs 500 crore with an option to retain oversubscription up to the shelf limit of Rs 2439.19 crore. The company had already raised R2,370 crore in the first tranche of tax-free bonds launched in September. Coupon rate in 2nd tranche of bonds are higher than those offered in 1st tranche.  The issue will open for subscription on December 2, 2013 and is scheduled to close on January 10, 2014. CARE has given credit rating of 'CARE AA+' while IRRPL has given 'IND AA+'. HUDCO Tax Free Bonds -  Dec 2013 (Tranche 2) Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rat...

NTPC Tax Free Bonds – Dec 2013 – Details

Bonds
NTPC has come out with its public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each in the nature of debentures having tax benefits, aggregating up to Rs 1,750 crore (Including option to retain oversubscription of Rs 750 crore). NTPC tax free bonds issue would open from 3-Dec-2013 and close on 16-Dec-2013  (it may close early).  UPDATE- 4 Dec - The issue is oversubscribed and will close on Wed 4-Dec 2013 The issue is AAA rated by CRISIL, ICRA, - highest safety rating NTPC Tax Free Bonds - Tranche 1 Details Series 1 Series 2 Series 3 Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.66% 8.73% 8.91% Effective Pre-Tax Yield (30% tax slab) 12.53% 12.63% 12.89% Effective Pre-Tax Yield (20% tax sla...

Comparison of Goin Coin rates in India & from where to buy them – (Gold Rates today)

Bonds
Buying precious metal (specially Gold) is considered auspicious on Diwali (3-Nov) / Dhanteras (01-Nov 2013). Gold prices are expected to run upto Rs 33000 /per 10 gram. If you are considering to buy Gold Coins this diwali, this comparison chart will help you to get the best rates Comparison Chart - Gold Coin Rates at various Banks  (as on 31-Oct-2013) ** Above Rates are exclusive of Sales Tax / VAT (which is normally 1%) ICICI Bank also offers gold in 0.5gm, 1 gm & 2.5 gm denomination NOTE:  Banks offer Gold Coins which are 24 Karat Gold with .999 finesse.  Other jewellers might offer 24K with .995 finese. Please check before buying. Bank donot offer buy back facility while jewellers may buy back coins sold by them. Alternatives 1) You can also buy Gold Coins with reputed Jewellers....

NHPC Tax Free Bonds – Oct 2013 – Details

Bonds
National Hydroelectric Power Corporation ( NHPC ) has hit the debt market with Rs 1000 crore TAx free bonds. After REC, HUDCO, IIFCL,PFC this is the another Tax free bond issue in 2013-2014. The tax free bonds issue would open from 18-Oct-2013 and close on 11-Nov-2013 The issue is AAA rated by CRISIL, ICRA, CARE highest safety rating NHPC Tax Free Bonds (Tranche 1) Details Series 1B Series 2B Series 3B Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.43% 8.79% 8.92% Effective Pre-Tax Yield (30% tax slab) 12.20% 12.72% 12.91% Effective Pre-Tax Yield (20% tax slab) 10.62% 11.07% 11.23% Effective Pre-Tax Yield (10% tax slab) 9.40% 9.80% 9.94% Minimum Application Rs 5000 Maximum Application Rs 10 lacs ( Retail) Issue Opens o...