Bonds

Edelweiss Housing Finance Limited (EHFL) is opening its first public issue of NCDs on 8th July 2016 &  it closes on 27th July 2016. This NCD issue is offering  yield upto 10% and have 7  different investment options. In this post, I am trying to put details around how good Edelweiss Housing Finance NCD is ? What are the postive and negative factors of Edelweiss Housing Finance NCD? Who should invest in Edelweiss Housing Finance NCD?   Key Features of Edelweiss Housing Finance NCD NCD Issue Open: 8th July 2016 NCD Issue Closing date: 22nd July 2016 Type of Instrument: Secured redeemable non-convertible debentures (NCD) Size of Issue:  Rs. 250 crores with a green-shoe option of another Rs 250 crores Minimum & Maximum Investment: minimum 10 NCD of Rs 1000 each = Rs 100...

Indian Railways Finance Corporation  (IRFC)  is offering tax-free bonds to raise Rs 2450 crore at the rate of 7.29% (10 years) and 7.64% (15 years) to retail investors. The rural focused development lender has already raised Rs 1500 crore via private placement. The issue will open on March 10 on First-come-first serve basis.  Closing date March 14, 2016. Size of the Issue – IRFC is authorized to raise Rs. 2450 crore from tax free bonds this financial year.   Other open TAX FREE Bond - NABARD 7.64% Tax free bond (9-14 March 2016) IRFC issue will be open from 10-March-2016 to 14-Mar-2016. IRFC Tax Free Bonds  (Retail Investors upto Rs 10 Lakhs) Details Series I Series II Tenor 10 Years 15 years Interest Paid Annual Annual Coupon Rate 7.29% 7.64% Effective Pre-Tax Yield (30% ...

Sovereign Gold Bonds- 2016 Series-II (3rd Tranche) The investment in Sovereign Gold Bonds, 2016  is now open for subscription from March 8, 2016 to March 14, 2016. (Government of India vide its Notification F.No. 4(19)-W&M/2014 dated March 04, 2016).  The bonds will be issued on March 29, 2016. The issuance of Sovereign Gold Bonds in this tranche will be done at Rs 2,916 /gm of gold. This is the 3rd time, the subscription is open for Sovereign Gold Bonds (SGB).  Previous subscription:   In Nov 2015 (Issue price - Rs 2684 / gm)  - got subscription for 915.95 kg of gold worth Rs 246 crore In Jan 2016 (Issue price - Rs 2600 / gm)  - received subscription for 3,071 kg gold amounting to Rs 798 crore.  In my previous post, I have provided more details around Sovereign Gold Bonds 0 its...

 Sovereign Gold Bond (SGBs) are government securities denominated in grams of gold that also provides interest of 2.75% p.a. on top of price of gold. They are substitutes for holding physical gold. The Bond is issued by Reserve Bank on behalf of Government of India.   How the Sovereign Gold Bond Scheme works? For each gram of gold, you can buy 1 unit of SGB. The rate is fixed by the government at the time of issuing the bond You will get interest @ 2.75% p.a. Interest is paid every six months. On maturity, you will get the price of gold at that point of time You can purchase a minimum of 2 gms (2 units) and a maximum of 500 gms (500 units) of Gold bonds every financial year The bonds will mature in 8 years. However, the investors have an option to exit after the 5th This means, aft...

NABARD is offering tax-free bonds to raise Rs 3500 crore at the rate of 7.29% (10 years) and 7.64% (15 years) to retail investors. The rural focused development lender has already raised Rs 1500 crore via private placement. The issue will open on March 9 on First-come-first serve basis. Size of the Issue – NABARD is authorized to raise Rs. 5,000 crore from tax free bonds this financial year.  The company has already raised Rs. 1500 crore through private placement. The company will raise Rs. 3500 crore in this issue. The issue will be open during 09-March-2016. Other open TAX FREE Bond - IRFC 7.64% Tax free bond (10-14 March 2016) NABARD Tax Free Bonds  Details Series I Series II Tenor 10 Years 15 years Interest Paid Annual Annual Coupon Rate 7.29% 7.64% Effective Pre-Tax ...

National Highways Authority of India’s (NHAI) is offering tax-free secured redeemable non convertible bonds to raise Rs 1500 crore, with an option to retain oversubscription upto Rs 8663 crore. It is the fifth tax-free bond issue in the current financial year after NTPC, PFC, REC and IRFC. For retail investors, the annualised coupon offered is 7.39% , 7.60% for tenure of 10 and 15 years, respectively. Size of the Issue – NHAI is authorized to raise Rs. 24,000 crore from tax free bonds this financial year.  The company has already raised Rs. 3,872 crore through private placement. Out of the remaining Rs. 20,128 crore, the company will raise Rs. 10,000 crore in this issue. The issue will be open during 17-Dec-2015 to 31-Dec-2015  17-Dec-2015 - As per latest exchange data, bids for 21.2 cror...

Modi Government has announced one more yojana - Pradhan Mantri Sneha Bandhan Yojana on the occasion of of Raksha Bandhan. Three specially designed gifts products are announced under the umbrella of “Pradhan Mantri Sneha Bandhan Yojana” and will be available from 1st August, 2015 in all the designated banks. What is Pradhan Mantri Sneha Bandhan Yojana? Pradhan Mantri Sneha Bandhan Yojana is an Insurance Linked Fixed Deposit Scheme which will reap interest at the prevailing rate. It comes in a form of Gift Card or Banker’s Cheque which you can buy from the designated banks and give it to your loved ones. The receiver can either visit to his/her existing bank account or open a new zero balance bank account to deposit the Gift Card or Banker’s Cheque. 1. Pradhan Mantri Sneha Bandhan Yojana g...

In this post, I am explaining about the alternatives to open Sukanya Samriddhi Yojana if you donot have the child's birth certificate. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post -Sukanya Samriddhi Account – Features & Review) Features of Sukanya Samriddhi Account The account can be opened when your girl child is born till she attains 10 years of age, Minimum deposit per year – Rs 1000 & Maximum deposit per year – Rs 150000 Interest rate applicable on this account – 9.2% compounded on a yearly basis Tax Benefit under Section 80C and Interest is tax free You can open SSA account either in a Post Office or any public sector bank. Documents required to open this Sukanya Samriddhi ...

Many of our members are finding challenges in opening Sukanya Samriddhi Account with Banks as the bank officials are not aware of the formalities to open account in SBI. In this post, I am going to explain how to open SSY Account in SBI. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post -Sukanya Samriddhi Account – Features & Review) Currently Sukanya Samriddhi account can be opened from Post office. RBI has notified 28 banks which are authorized to open Sukanya Samriddhi Scheme Account . (See Sukanya Samriddhi Yojna – List of 28 banks to open this Account) Documents required to open Sukanya Samriddhi Yojana Account in SBI? As mentioned earlier, SSA account can be opened in the Post office and ...

Gold monetization scheme (GMS) is announced by Finance Minister Arun Jaitley in the Union Budget 2015-2016. Now the Government has release the Draft guidelines for implementing this gold monetisation scheme. According to the government, gold deposit accounts will utilise the 20,000 tonnes available within the country and help in cutting down the 800-1,000 tonnes of gold the country ships every year. What is Gold monetisation scheme? In simple terms, it is a scheme that allows people to deposit the gold / jewellery and earn Interest on their Gold Account. A.  Key Features of Gold monetization scheme TAX FREE: Gold Monetization Scheme is proposed to be tax-free No Income tax on the Interest earned on Gold Account No Capital Gains Tax on the appreciation in the value of deposited gold N...