JAIN BROKER

2015-04-20T16:54:00.000+05:30

We Wish u a Very Very HAPPY NEW YEAR

2014-01-01T14:08:00.001+05:30

2013-11-03T18:52:00.000+05:30

2013-09-20T21:29:00.002+05:30

जाने अनजाने हम से कोई भूल हुई हो. हमने आपको पीड़ा पहुंचाई हो. आपकी अपेक्षा पर सही नहीं रहे हों. तो हम क्षमा प्रार्थी हैं

क्षमा करियेगा और अपना स्नेह बनाये रखियेगा.

2013-03-03T20:36:00.000+05:30

There is no change in tax slab for the financial year 2013-2014 The slabs are same as last financial year. Here is the details for your reference:

For Individual

Income Group	Tax Rate
0 Upto 2 lakh	Nill
2,00,001 to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

For Female Tax payers

Income Group	Tax Rate
0 Upto 2 lakh	Nill
2,00,001 to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

Senior citizens 60 years or more but below the age of 80 years

Income Group	Tax Rate
0 Upto 2.5 lakh	Nill
2,50,001 lakh to 5 lakh	10%
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

Senior citizens 80 years or more

Income Group	Tax Rate
0 to 5 lakh	Nill
5,00,001/- to 10,00,000	20%
Above 10 lakh	30%

Above Income tax rates are applicable for Individuals and HUFs. You will also need to pay 3% Education Cess.
Disclaimer:
All efforts are made to keep the content as accurate as possible. We take no responsibly of any errors. You are advised to consult your Chartered accountant for any query on income tax.

2013-01-01T16:51:00.002+05:30

2012-03-27T16:59:00.000+05:30

Post Office Small Saving Schemes-New Interest Rates

Posted: 26 Mar 2012 12:53 PM PDT

On March 26, 2012, the Finance Ministry has provided a ‘pleasant gift’ to small investor by providing increased rate of interest in Post Office ‘Small saving Schemes’, such as NSC, PPF, SCSS -04 schemes which also help in saving income tax.

Also, the ministry has increased on other ongoing schemes such as 1/2/3/5 yr TD, 5 yr RD and 5 yr MIS schemes as well.

The Finance Ministry announced that the new rates will be effective from April 1, 2012. The revision of rates have been on the basis of change in the rates on Government Securities (G-Sec), on the recommendations made by the Shyamala Gopinath Committee.

After a long time government has tried to bring the interest levels on small savings to match with banks, as a result there will be inflow of funds in government accounts, and their estimated figures are inflow of 1200 Crore in the year 2012-13.

The increased rates are as under, effective April 01, 2012:

SMALL SAVING DEPOSIT RATES
Scheme	Rate of Interest (Effective December 01, 2011)	Rate of Interest (Effective April 01, 2012)
Saving Account	4%	4%
PPF Account	8.60%	8.80%
5 Year National Saving Certificate (NSC)	8.40%	8.60%
10 Year National Saving Certificate (NSC)	8.70%	8.90%
5 Year Senior Citizen Saving Scheme (SCSS-04)	9.00%	9.30%
5 Year Monthly Income Scheme (MIS)	8.20%	8.50%
5 Year Recurring Deposit (RD)	8.00%	8.40%
1 Year Time Deposit	7.70%	8.20%
2 Year Time Deposit	7.80%	8.30%
3 Year Time Deposit	8.00%	8.40%
5 Year Time Deposit	8.30%	8.50%

2012-03-19T15:23:00.002+05:30

IDFC Infrastructure bonds Tranche 3

Posted: 18 Mar 2012 12:30 PM PDT

IDFC (Infrastructure Development Finance Company Ltd) has brought yet another bonds under section 80CCF from March 19, 2012 till March 30, 2012 for the investors still could not save tax under this section. The details of the bonds are as under :

For any query, mail us: jainbroker@yahoo.in

Download Application Form

Issue Details:

Issue Opens: 19-Mar-2012
Issue Closes: 30-Mar-2012
Issuence Form: Dematerialized / Physical mode (as applied)
Date of Allotment: To be intimated to Stock Exchanges later
Lock-in-period: 5 years from the deemed date of allotment
Tenore: 10 years from date of allotment
Trading: Dematerialized bonds are tradable after lock-in-period
Buy-Back: One day after lock-in-period

Specific Terms for Tranche 3 Bonds:

Series	1	2
Issuer	Infrastructure Development Finance Company Ltd. (IDFC)
Frequency of Interest payment	Annual	Cumulative
Face Value per Tranche 3 Bond	5,000/-	5,000/-
Buyback Facility	Yes	Yes
Buyback Date	Date falling five years and one day from the Deemed Date of Allotment	Date falling five years and one day from the Deemed Date of Allotment
Buyback Amount	Rs. 5,000 per Tranche 3 Bond	Rs. 7,495 per Tranche 3 Bond
Buyback Intimation Period	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date
Maturity Date	10 years from the Deemed Date of Allotment
Interest Rate	8.43%	N. A.
Maturity Amount	Rs. 5,000/- per Tranche 3	Rs. 11,230/- per Tranche 3
Yield on Maturity	8.43%	8.43% compounded annually
Yield on Buy Back	8.43%	8.43% compounded annually
Minimum Application	Two Tranche 3 Bonds and in multiples of one Tranche 3 bond thereafter.
Credit Rating	LAAA by ICRA, the highest credit quality rating assigned by ICRA, indicating a stable outlook and AAA(Ind) by Fitch, indicating a stable outlook

Note: Cheque / DD should be drawn in favour of “IDFC Infra Bonds Tranche 3”

2012-02-29T17:38:00.002+05:30

Muthoot Finance NCD

Posted: 28 Feb 2012 11:53 AM PST

Muthoot Finance Limited is coming out with public issue of Secured Non-Convertible Debentures from March 02, 2012 of face value of Rs. 1000/- each (NCD) aggregating upto Rs 250 Crore with an option to retain over subscription of Rs 250 Crore for issuance of additional NCD .

For Application Form – mail at : jainbroker@yahoo.in

Name of the Issue: Muthoot Finance NCD
Issue Open: March 02, 2012
Issue Closes: March 17, 2012
Issue size: Rs, 250 Crore + Rs 250 Crore under Green Shoe Option
Period of Holding: 2, 3 and 5 years
Interest Rates
Annual Option: 13%, 13.25% and 13.25% under 2, 3 and 5 years respectively
Cumulative Option: Double in 5 yrs and 6 months.
Minimum Investment: Rs 5,000/- and in multiple of Rs 1,000/- thereafter
Issue Format: Compulsary in dematerialized form

PUBLIC ISSUE BY MUTHOOT FINANCE LIMITED, (“COMPANY” OR “ISSUER”) OF SECURED NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs 1,000 EACH, (“NCDs”), AGGREGATING UPTO Rs 250 CRORE WITH AN OPTION TO RETAIN OVER-SUBSCRIPTION UPTO Rs 250 CRORE FOR ISSUANCE OF ADDITIONAL NCDS AGGREGATING TO A TOTAL OF UPTO Rs 500 CRORE, HEREINAFTER REFERRED TO AS THE “ISSUE”.
ISSUE OPENS ON : FRIDAY, MARCH 02, 2012
ISSUE CLOSES ON: SATURDAY, MARCH 17, 2012
NCD Options	I	II	III	IV
Tenor	24 month	36 month	60 month	66 month
Interest Payment	Annual	Annual	Annual	N/A
Face Value & Issue Price (Rs / NCD)	Rs.1,000	Rs.1,000	Rs.1,000	Rs.1,000
Minimum Application	Rs.5,000	Rs.5,000	Rs.5,000	Rs.5,000
In Multiples of	Rs.1,000(1 NCD)	Rs.1,000(1 NCD)	Rs.1,000(1 NCD)	Rs.1,000(1 NCD)
Credit Rating	ICRA ‘[ICRA] AA-/Stable’ for an amount of upto Rs 600 Crore CRISIL ‘CRISIL AA-/Stable’ for an amount of upto Rs 600 Crore
Issuance and Trading: Compulsorily in dematerialised form
Coupon (%) p.a.
Yield (%) (per annum)	13	13.25	13.25	13.43
Tenor	24 Months	36 Months	60 Months	66 Months
Redemption Amount (Per NCD)	Repayment of the Face Value plus any interest that may have accrued at the Redemption Date			Rs.2,000
Issuance and Trading	Compulsorily in Dematerlised form & BSE
Interest on Application Money / Refund	13% per Annum from the date of realization of the cheque(s)/demand draft(s) or after 3 (three) days from the date of receipt of the application, whichever is later.
Security	Security for the purpose of this Issue will be created in
Security	accordance with the terms of the Debenture Trust Deed.

2012-02-25T11:56:00.001+05:30

subscription of MCX LTD @ 6.00 PM on 24/2/2012

QIB : 49.12

HNI : 150.35

RETAIL : 23.80

Employee : 0.18

Overall : 54.00

2012-02-24T17:41:00.000+05:30

Muthoot Fincorp NCD 2012

Posted: 24 Feb 2012 05:06 PM PST

After the success of Muthoot Fincorp NCD 2011, the company has again come up with 2012 NCD offering whopping 13.25% for both 18 months and 36 months (3 years) tenure. However, this time, the size of the issue is very small – 35 crores + 35 crores – with private placement. So, if you wish to invest, do it fast!

For Application Form, Email at Jainbroker@yahoo.in

Follow on Private Placement of Secured, Redeemable, Non-Convertible Debentures of face value of Rs. 10,000/ each at par aggregating to Rs 35 Crores with a green shoe option of Rs 35 crores.

Summary Term Sheet

Particulars	Terms
Issuer/Borrower	MUTHOOT FINCORP LTD
Issue Size	Rs. 35 Crs with a green shoe option of Rs 35 Crores
Nature of Instrument	Secured, Redeemable, Non-Convertible Debentures
Credit Rating	‘A+’ By Crisil Ltd
Instrument Form	Only in Dematerialized Form
Denomination of Instrument/Face Value per NCD	Debentures shall have face value of Rs. 10,000/-
No. Of Debentures	35000
Option	Option I	Option II
Tenure	18 Months	36 Months
Put & Call Option	None	None
Coupon Rate	13.25%	13.25%
Interest Payment	Annual	Annual
Redemption	At Par, At Redemption	At Par, At Redemption
Deemed Date of Allotment	15 working days from the Issue closure date.
Interest on application money	At the Coupon rate from the date of realization of cheque(s)/RTGS upto one day prior to deemed date of allotment.
Listing	On the WDM Segment of BSE
Trustees	IL & FS Trust Company Ltd
Issue Opens on	20th February 2012
Issue Closes on	31^st March 2012

Email to Jainbroker@yahoo.in for application form

All other terms remaining the same as per the Draft Disclosure Document dated 25^thNovember 2011

2012-02-22T17:08:00.000+05:30

MCX LIMITED
	Calculation for Retail Applications
		No. of Shares	Price
			Lower Band (Rs)	Upper Band (RS.)Cut off
			860	1032
		6	5160	6192
		12	10320	12384
		18	15480	18576
		24	20640	24768
		30	25800	30960
		36	30960	37152
		42	36120	43344
		48	41280	49536
		54	46440	55728
		60	51600	61920
		66	56760	68112
		72	61920	74304
		78	67080	80496
		84	72240	86688
		90	77400	92880
		96	82560	99072
		102	87720	105264
		108	92880	111456
		114	98040	117648
		120	103200	123840
		126	108360	130032
		132	113520	136224
		138	118680	142416
		144	123840	148608
		150	129000	154800
		156	134160	160992
		162	139320	167184
		168	144480	173376
		174	149640	179568
		180	154800	185760
		186	159960	191952
		192	165120	198144
		198	170280	NA
		204	175440	NA
		210	180600	NA
		216	185760	NA
		222	190920	NA
		228	196080	NA

Issue open on 22/02/2012
Issue closes on 24/02/2012

2012-02-21T12:11:00.001+05:30

Multi Commodity Exchange (MCX) IPO

Multi Commodity Exchange Limited, better known as MCX, is launching its IPO from 22-Feb-2012 to 24-Feb-2012. MCX, which incorporated in 2003, is the largest commodity exchange of India in terms of volumes. Financial technologies Limited is one of its key stakeholder. Following are the MCX’s world ranking:

No. 1 is silver trading
No. 2 in gold, copper and natural gas
No. 3 in crude oil

MCX has also been recognized as India’s first green exchange by Priyadarshini academy and its IPO has been assigned IPO Grade 5 by CRISIL, which means that the company has strong fundamentals

For Application form: Email at JAINBROKER@YAHOO.IN

IPO Details

Issue starting: 22 Feb 2012
Issue closing: 24 Feb 2012
Listing: At BSE only (not NSE)
Face Value: Rs. 10 per equity share
Issue price: Rs 860/- to Rs 1032/-
Lot Size: 6 Shares and in multiple of 6 share thereafter
IPO Size: 6,427,378 Equity Shares of Rs. 10

2012-02-19T14:45:00.002+05:30

Multi Commodity Exchange (MCX) IPO

Posted: 15 Feb 2012 09:50 AM PST

No. 1 is silver trading
No. 2 in gold, copper and natural gas
No. 3 in crude oil

MCX IPO Application form and IPO analysis: Coming Soon

IPO Details

Issue starting: 22 Feb 2012
Issue closing: 24 Feb 2012
Listing at BSE only (not NSE)
Face Value: Rs. 10 per equity share
Issue price: (Rs 860/- to Rs 1024/-) subject to final confirmation
IPO Size: 6,427,378 Equity Shares of Rs. 10

2012-02-10T15:37:00.000+05:30

All Infra Bonds 2011-12 Allotment Status and Details

Posted: 09 Feb 2012 03:09 PM PST

So many infrastructure bonds have launched this year. For each bond, investors need to track their details, application forms and then allotment status. So, we thought, we can combine all of them at one place so that investors like you can find all of them very easily. So, here we go with the compilation of infra bond scheme launched in financial year 2012 (April 2011 to March 2012), their application form and allotment status link

Company	Status	Application Form	Allotment Status
IFCI Series 3	Closed	Email	Status
PFC Infra Bond 2011	Closed	Email	Status
IDFC Tranche-1 2011-12	Closed	Email	Status
L&T 2011-12 B Series Tranche 1	Closed	Email	Status
IFCI Series 4	Closed	Email	Not Declared
REC Series 2011-12	Open	Email	Not Declared
SREI Infra bonds Tranche 1	Open	Email	Not Declared
PTC India (PFS) Series 2	Closed	Email	Status
L&T 2012A Tranche 2	Open	Email	Not Declared
IDFC Tranche-2 2011-12	Open	Email	Not Declared

2012-02-10T15:29:00.000+05:30

Quality Company Deposits with Double Digit Return

by JAINBROKER

Company Name	Min. Amount	Rate of Interest (%)						Additional Interest	Rating
Company Name	Min. Amount	1 Year	400 Days	15 Months	2 Years	33 Months	3 Years	Additional Interest	Rating
DHFL AASHRAY Deposit - 400 Days	10000	-	10.75	-	-	-	-	0.50% additional for senior citizens	CARE (AA+) FD BWR FAAA
Gruh Finance Ltd	2000	9.50	-	-	9.75	-	10	0.25% additional for senior citizens	MAA+ (ICRA) FAA+ (CRISIL)
HDFC Ltd - Platinum Deposits	20000	-	-	10	-	10	-	0.25% additional for senior citizens	FAAA (CRISIL) MAAA (ICRA)
Mahindra Finance Samruddhi	10000	9.50	-	-	10.25	-	10.50	0.25% additional for senior citizens	FAAA (CRISIL)
Shriram Transport Unnati	25000	9.25	-	-	9.75	-	10.75	0.25% additional for senior citizens	FAA+/stable (CRISIL) MAA+/stable (ICRA)

2012-01-12T14:52:00.000+05:30

IDFC Infrastructure Bonds 2011-12 Tranche 2

Posted: 11 Jan 2012 12:08 PM PST

IDFC is launching Infrastructure Bonds on January 11, 2012 under public issue of tranche 2 bonds of long term infrastructure bonds of face value of Rs. 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80CCF of the Income Tax act, 1961, to be issued at par on the terms contained in the Shelf Prospectus and this Prospectus – Tranche 2.

Jainbroker@yahoo.in

Issue Highlight

*IDFC INFRASTRUCTURE BONDS TRANCHE 2 U/S 80 CCF**
Issue Opens On: Jan 11, 2012
Issue Closes On: Feb 25, 2012
Rating	“(ICRA)AAA” By ICRA “FITCH AAA(Ind)” By FITCH
Issuer	Infrastructure Development Finance Company Limited
Security	First pari passu floating charge over the Secured Assets and first fixed pari passu charge over specified immovable properties of the Company more particularly as detailed in the section entitled
Security Cover	1.0 time the outstanding Tranche 2 Bonds at any point of time.
Listing	NSE and BSE
Debenture Trustee	IDBI Trusteeship Services Limited
Depositories	National Securities Depository Limited and Central Depository Services (India) Limited
Maturity Date	10 years from the Deemed Date of Allotment
Lock-in Period	5 years from the Deemed Date of Allotment
Buyback Date	The date falling five years and one day from the Deemed Date of Allotment.
Trading	Dematerialized form only following expiry of the Lock-in Period

Terms of the Issue

Tranche 2 Bonds Series	1	2
Frequency of Interest payment	Annual	Cumulative
Face Value & Issue Price (Rs per Tranche 2 Bond)	Rs 5,000/-	Rs 5,000/-
Minimum Application	Two (2) Tranche 2 Bonds and in multiples of one (1) Tranche 2 Bond thereafter. For the purpose fulfilling the requirement of minimum subscription of two (2) Tranche 2 Bonds, an Applicant may choose to apply for two (2) Tranche 2 Bonds of the same series or two (2)Tranche 2 Bonds across different series.
Buyback Facility	Yes	Yes
Buyback Date	Date following five years and one day from the deemed date of allotment
Buyback Amount Per Tranche 2 Bond	Rs 5,000/-	Rs 7,590/-
Buyback Intimation Period	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date.
Maturity Date	10 Year from the deemed date of allotment
Interest Rate	8.70% p.a.	N. A.
Maturity Amount per Tranche 2 Bond	Rs 5,000/-	Rs 11,515/-
Yield of the Bond on Maturity	8.70% p.a	8.70% p.a. compounded annually
Yield of the Bond on Buyback	8.70% p.a	8.70% p.a. compounded annually

• Cheque/DD should be drawn in favour of “IDFC Infra Bonds-Tranche 2” by all applicants. It should be crossed “A/c payee only”.
• Please write the sole/First Applicant’s name, phone no. and application no. on the reverse of Cheque/DD

2012-01-10T15:56:00.001+05:30

PFS Long Term Infrastructure Bond Series 2

Posted: 08 Jan 2012 08:51 AM PST

PTC India Financial Services Ltd. (PFS) has launched infrastructure bonds in the name as, under section 80CCF of face value of Rs. 5000/- each to remain open till February 29, 2012 for subscription. The company has set up as a special purpose investment vehicle for providing total financing solutions to the energy value chain which inter-alia includes investing in equity and/or extending debt to power projects, which are working in generation, transmission, distribution, equipment manufacturers, fuel sources and EPC contractors and carbon credit finance.

For Application Form, mail at : Jainbroker@yahoo.in

Issue Details

Issue Opens: 30-Dec-2011
Issue Closes: 29-Feb-2012

PTC India Financial Services Ltd. (PFS)
Options	I	II	III	IV
Frequency of Reuest Payment	Annual	Cumulative	Annual	Cumulative
Face value of each Bond(Rs)	5000/-	5000/-	5000/-	5000/-
Minimum Application	One Bond	One Bond	One Bond	One Bond
In multiple of	One Bond	One Bond	One Bond	One Bond
Tenor (in years)	10	10	15	15
Coupon rate	8.93% per annum	8.93% p.a. annual compounding	9.15% per annum	9.15% p.a. annual compounding
Coupon payment date	March 15, Every Year	At the time of Maturity	March 15, Every Year	At the time of Maturity
Buy Back Option	Every Year After the End 5 Years and 1 day		Every Year After the End 7 Years and 1 day
Buy Back date	March 16 of 2017 to 2021		March 16 of 2019 to 2026
Maturity Date	15-Mar-22	15-Mar-22	15-Mar-27	15-Mar-27
Buy Back Intimation Period	Every year between January 1 to 31 Starting from Year 2017 – 2021		Every year between January 1 to 31 Starting from Year 2019 – 2026
Maturity/Redemption AMT (Rs. Per Bond)	5,000/-	11,977/-	5,000/-	18,592/-
Lock-in period from the deemed date of Allotment	5 years	5 years	7 years	7 years
At the end of Year 5/7	5,000/-	7,731/-	5,000/-	9,929/-
Rating	‘A+’ by CARE, ‘A+’ by ICRA, ‘AA’ by Brickwork

2012-01-10T15:52:00.000+05:30

L&T Infrastructure Bond 2012A (Tranche 2)

Posted: 08 Jan 2012 11:25 AM PST

L&T Infrastructure Finance Company Ltd has launched Public Issue of Long Term Infrastructure Bonds 2012A Tranche-2 of face value of Rs. 1,000 each, as nature of secured, redeemable, non-convertible debentures, having benefits under section 80CCF of the Income Tax act, 1961 (the “Tranche 2 Bonds”).

For Application form, mail at : Jainbroker@yahoo.in

Issue details

Prticulrs	L&T Infra Bonds Tranche 2
Issue Opening Date	10-Jan-12
Issue Closing Date	11-Feb-12
Rating	CARE AA+ and ICRA AA+
Coupon	8.70% p.a.
Tenure	10 Years
Face Value of Bond	1000
Minimum Application size	Rs.5000 and in multiple of Rs.1000 thereafter
Option	Annual as well as Cummulative
Issuance	Demat as well as physical
Listing	NSE and BSE
Cheque Favouring	L&T Infra Bonds 2012A

2012-01-06T20:03:00.000+05:30

SIFL Infrastructure Bonds 2011-12 Tranche 1

Posted: 03 Jan 2012 02:32 AM PST

Srei Infrastructure Finance Limited (‘SIFL’) was incorporated in 1985. SREI providing financial products and services to customers engaged in infrastructure development and construction, mainly focusing on power, road, telecom, port, oil and gas & SEZ sectors in India with a medium to long term perspective.
The Company was notified as a Public Financial Institution on September 26, 2011 by the Ministry of Corporate Affairs under Section 4A of the Companies Act, 1956.
The Company is coming out with a Public Issue of Long Term Infrastructure Bonds – Tranche 1 (the “Issue”) for an amount not exceeding `300 crores. The funds raised through this Issue would be utilised towards infrastructure lending.
Company will maintain an asset cover of at least 100% of the outstanding amount of the Bonds, at all times, till the Bonds are completely redeemed. Resident Individuals, who are not minors and HUFs shall be eligible to apply for this Issue.

For Application Form, mail at : Jainbroker@yahoo.in

Issue Highlights

Investment upto ` 20,000 in SIFL Infrastructure Bonds – Tranche 1 will be eligible for exemption under Section 80CCF of the Income Tax Act, 1961
Interest rate is 8.90% p.a. for Series 1 and 2 and 9.15% p.a. for Series 3 and 4. Interest under series 1 and series 3 will be payable annually and interest under series 2 and series 4 will be payable cumulatively (compounded annually)
Buyback facility is offered under all the series at the end of 5 years and one day from the Deemed Date of Allotment
Maturity will be at the end of 10 years from the Deemed Date of Allotment for Series 1 and 2 and will be at the end of 15 years from the Deemed Date of Allotment for Series 3 and 4
Minimum Investment required in SIFL Tranche 1 Issue is ` 1,000 and in multiples of ` 1,000 thereafter
Investors will be having an option to hold the Bonds in physical form or demat form.
An applicant is allowed to do multiple applications in SIFL Tranche 1, however tax benefit under Section 80CCF of the Income Tax Act, 1961 would be applicable to ` 20,000 only.
CARE has assigned CAREAA rating to the bonds proposed to be issued. The instruments with a rating of ‘CARE AA’ by CARE are considered to offer high degree of safety regarding timely servicing of financial obligations.
Issue Opens On: December 31, 2011
Issue Closes On: January 31, 2012

Srei Tranche 1 Issue Structure
Series	1	2	3	4
Face Value per Tranche 1 Bond	` 1,000	` 1,000	`1,000	` 1,000
Minimum Application	1 Bond and in multiples of 1 Bond thereafter. An Applicant may choose to apply for the Tranche 1 Bonds across the same series or different series.	1 Bond and in multiples of 1 Bond thereafter. An Applicant may choose to apply for the Tranche 1 Bonds across the same series or different series.	1 Bond and in multiples of 1 Bond thereafter. An Applicant may choose to apply for the Tranche 1 Bonds across the same series or different series.	1 Bond and in multiples of 1 Bond thereafter. An Applicant may choose to apply for the Tranche 1 Bonds across the same series or different series.
Interest Rate	8.90% p.a.	8.90% p.a., compounded annually	9.15% p.a.	9.15% p.a., compounded annually
Frequency of interest payment	Annual	Cumulative	Annual	Cumulative
Redemption/Maturity Date	One date, being the date falling ten years from the Deemed Date of Allotment	One date, being the date falling ten years from the Deemed Date of Allotment	One date, being the date falling fifteen years from the Deemed Date of Allotment	One date, being the date falling fifteen years from the Deemed Date of Allotment
Maturity Amount	1,000 per Tranche 1 Bond and accrued interest calculated from the last interest payment date to the Maturity Date	`2346.73 per Tranche 1 Bond and interest on Application Interest compounded annually at the end of ten years	`1,000 per Tranche 1 Bond and accrued interest calculated from the last interest payment date to the Maturity Date	`3718.40 per Tranche 1 Bond and interest on Application Interest compounded annually at the end of fifteen years
Buyback Date	One date, being the date falling five years and one day from the Deemed Date of Allotment
Buyback Amount	1000	1531.58	1000	1549.24
Buyback Intimation Period	The period beginning not more than nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date
Tax Rate	Tax Benefit adjusted rate of return on Maturity (with Tax Benefits upto ` 20,000 per annum) u/s 80CCF of the Income Tax Act, 1961)
@10.30%	10.62%	10.09%	10.55%	9.94%
@20.60%	12.64%	11.44%	12.21%	10.84%
@30.90%	15.07%	13.00%	14.24%	11.87%
Tax Rate	Tax Benefit adjusted rate of return on Buyback (with Tax Benefits up to ` 20,000)
@10.30%	11.74%	11.29%	12.01%	11.55%
@20.60%	15.05%	14.04%	15.35%	14.30%
@30.90%	19.01%	17.26%	19.33%	17.52%

2012-01-06T19:56:00.000+05:30

NSE BSE Trading Holidays 2012

Posted: 01 Jan 2012 10:21 AM PST

Following is the list of trading holidays for the year 2012. Only those festivals and occasions that are falling on working days are mentioned below.

Market Segment	Date	Day	Description
CM	26-Jan-12	Thursday	Republic Day
CM	20-Feb-12	Monday	Mahashivratri
CM	8-Mar-12	Thursday	Holi
CM	5-Apr-12	Thursday	Mahavir Jayanti
CM	6-Apr-12	Friday	Good Friday
CM	1-May-12	Tuesday	May Day
CM	15-Aug-12	Wednesday	Independence Day
CM	20-Aug-12	Monday	Ramzan Id
CM	19-Sep-12	Wednesday	Ganesh Chaturthi
CM	2-Oct-12	Tuesday	Gandhi Jayanti
CM	24-Oct-12	Wednesday	Dasara
CM	13-Nov-12	Tuesday	Laxmi Puja*
CM	14-Nov-12	Wednesday	Diwali-Balipratipada
CM	28-Nov-12	Wednesday	Gurunanak Jayanti
CM	25-Dec-12	Tuesday	Christmas

Muhurat Trading will be held on Tuesday, November 13, 2012 (Diwali Amavasya – Laxmi Puja)

The Exchange may alter / change any of the above Holidays, for which a separate circular will be issued in advance.

2012-01-06T19:50:00.000+05:30

Power Finance Corporation Tax Free Bonds

Posted: 27 Dec 2011 12:14 PM PST

Power Finance Corporation Ltd. (PFC), a Government of India undertaking with status of navratna PSU is launching Tax Free bonds, as per reports, from December 31, 2011 with coupon rates of 8.20% under 10 years plan and 8.30% under 15 years plan, for the value of Rs 1000 Crore with option to retain oversubscription upto the Shelf Limit of Rs 4033.13 Crore with face value of bonds of Rs 1000/- each at par value. The terms and conditions are :

For Application form mail at : Jainbroker@yahoo.in

PUBLIC ISSUE OF TAX FREE BONDS
HIGHLIGHTS OF THE BOND ISSUE
Issuer	Power Finance Corporation Ltd. (“PFC”/ “Company”/ “Corporation”)
Issue Opening Date	30/12/2011
Issue Closing Date	16/01/2012
	The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum of 3 days) or extension by such period, upto a period of 30 days from the date of opening of the Issue, as may be decided by the Board of Directors/ Committee of PFC. In the event of such early closure of the subscription list of the Issue, our company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement(s) in a leading national daily newspaper.
Instrument	Tax Free Secured Redeemable Non Convertible Bonds in the nature of Debentures
Issue Size	Rs. 1,000 crores with an option to retain an oversubscription upto the Shelf Limit of Rs. 4033.13 crores
Tax Benefits	1. The income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961; 2. There shall be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors; 3. As per section 112 of the IT Act, capital gains arising on the transfer of long term capital assets being listed securities are subject to tax at the rate of 20% of capital gains calculated after reducing indexed cost of acquisition or 10% of capital gains without indexation of the cost of acquisition; 4. Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957.
Instrument Form	At the option of investors, in dematerialized form and in physical form
Trading	Only in dematerialized form
Security	Charge on the book debts of the Issuer and/or identified immovable property by a first/ pari passu charge, as may be agreed between the Issuer and the Debenture Trustee, pursuant to the terms of the Debenture Trust Deed
Credit Rating	“CRISIL AAA/Stable” by CRISIL and “[ICRA] AAA” by ICRA
Face Value	Rs. 1,000/- per Bond
Issue Price	At par i.e. Rs. 1,000/- per Bond
Minimum Application	10 Bonds (Rs. 10,000/-) and in multiples of 5 Bonds (Rs. 5,000/-) thereafter
Tranche/ Series	Tranche-I Series-I	Tranche-I Series-II
Tenor	10 Years	15 Years
Put & Call Option	None	None
Maturity/ Redemption	At par on the expiry of 10th Year from the Deemed Date of Allotment	At par on the expiry of 15th Year from the Deemed Date of Allotment
Coupon Rate	8.20% p.a.	8.30% p.a.
Interest Payment	Annual	Annual
Interest Payment Dates	Every year on October 15, and on respective maturity
Listing	Proposed on BSE Ltd. (“BSE”)
Trustee	GDA Trustee & Consultancy Ltd.
Deemed Date of Allotment	The date on which the Directors of the Company or any committee thereof approves the Allotment of the Bonds. All benefits relating to the Bonds including interest on Bonds shall be available to the investors from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment
Record Date	15 days prior to the due date for payment of interest or repayment of principal amount on maturity. In case of redemption of Bonds, the trading in the Bonds shall remain suspended between the record date and the date of redemption
Issue Objects	The proceeds of the Issue shall be utilised towards lending purposes, debt servicing and working capital requirements of the Issuer
Interest on Application Money	At the respective coupon rate (subject to deduction of income tax under the provisions of IT Act, 1961, as applicable), to the applicants to whom Bonds are allotted pursuant to the Issue from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment. At the rate of 5% p.a. (subject to deduction of income tax under the provisions of the IT Act, 1961, as applicable) to the applicants to whom application monies are liable to be refunded the along with refund amount from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment. PFC shall not be liable to pay any interest on monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn by the applicant.
Nature of Indebtedness and Ranking	The claims of the Bondholders shall rank pari passu with other secured creditors having a charge over the on the book debts of the company and/or identified immovable property as may be agreed between the Company and the Debenture Trustee, pursuant to the terms of the Debenture Trust Deed and such claims shall be superior to the claims of any unsecured creditors
Lead Managers to the Issue	SBI Capital Markets Ltd., A.K. Capital Services Ltd. and RR Investors Capital Services (P) Ltd.
Bankers to the Issue	(i) State Bank of India, (ii) HDFC Bank Ltd., (iii) IDBI Bank Ltd., (iv) ICICI Bank Ltd. (v) Kotak Mahindra Bank Ltd., (vi) Axis Bank Ltd., (vii) Dhanlaxmi Bank Ltd., and (viii) IndusInd Bank Ltd.
Base Issue Size	Rs. 1,000 crore
Overall Issue Size	The aggregate value of Bonds decided to be allotted in the Issue (over and above the Base Issue Size, in case if PFC decides to retain any oversubscription in the Issue)
Reservation for Categories	On first-come-first-serve basis

2011-12-25T15:31:00.000+05:30

REC Long Term Infrastructure Bonds-Series (2011-12)

Posted: 20 Dec 2011 11:54 AM PST

REC Ltd (Rural Electrification Corporation Limited) has launched infrastructure bonds from December 19, 2011 with coupon rate of 8.95% for 10 year tenure and 9.15% for 15 years period under section 80CCF of the Income Tax act 1961 for investment upto Rs.20,000/-.

Issue details

Issue Opens: December 19, 2011
Issue Closes: February 10, 2012

(The issuer would have the right to pre-close the issue or extend closing date of issue by giving one day notice to the arrangers).

For Application Form mail at : Jainbroker@yahoo.in

Issuer	REC Limited (‘The issuer’)
Offering	2,00,000 Nos. Redeemable, Non-Convertible REC Long Term Infrastructure Unsecured Bonds – Series of Rs. 5,000/- each aggregating to Rs 100 crore with a green-shoe option to retain over-subscription
Type	Private Placement basis
Instrument	Redeemable, Non-Convertible REC Long Term Infrastructure Unsecured Bonds having benefits under section 80 CCF of the Income Tax Act, 1961 for investment up to Rs. 20.000/-
Eligible Investors	Resident Indian Individuals (Major) and HUF through Karta of the HUF
Face Value	Rs. 5,000/- per bond
Minimum Application	Rs. 5,000/- (i.e. 1 Bond)
Maximum Application	No limit
Application in multiples of	Rs. 5,000/- (i.e. 1 Bond)
Deemed Date of Allotment	15-Feb-12	15-Feb-12	15-Feb-12	15-Feb-12
Options	I	II	III	IV
Interest Payment Frequency	Cumulative	Annual	Cumulative	Annual
Coupon (% p.a.)	8.95% p.a. (Annual Compounding)	8.95% p.a. (payable annually)	9.15% p.a. (Annual Compounding)	9.15% p.a. (payable annually)
Tenor	10 (Ten) years	10 (Ten) years	15 (Fifteen) years	15 (Fifteen) years
Buyback option	At the end of 5 yrs+ 1 day	At the end of 5 yrs+ 1 day	At the end of 7 yrs + 1 day	At the end of 7 yrs + 1 day
Interest Payment date	At the time of maturity	15th February every year	At the time of maturity	15th February every year
Maturity amount in case of buy back option
Buyback Date	16-Feb-17	16-Feb-17	16-Feb-19	16-Feb-19
Maturity Amt. after 5 yrs + 1 day	Rs. 7,677/- *	Rs. 5,000/-	Not Applicable	Not Applicable
Maturity Amt. after 7 yrs + 1 day	Not Applicable	Not Applicable	Rs.9231/-*	Rs. 5,000/-
Maturity Date / Maturity amount in case of without buy back option
Maturity Date	15-Feb-22	15-Feb-22	15-Feb-27	15-Feb-27
Maturity Amt after 10 yrs	Rs.11783/-*	Rs. 5,000/-	Not Applicable	Not Applicable
Maturity Amt after 15 yrs	Not Applicable	Not Applicable	Rs.18592/-*	Rs. 5,000/-
Lock-in period	5 years from the deemed Date of Allotment
Security	Unsecured
Trustee	IL&FS Trust Co. Ltd.
Listing	Proposed to be listed on BSE/ NSE or both
Depositories	National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars	Beetal Financial & Computer Services Ltd.
Issuance & Trading	Bonds shall be issued both in Dematerialised as well as Physical form. However, trading allowed only in Dematerialised mode after the expiry lock-in-period of 5 years.
Mode of Interest Payment / Redemption	Through NECS/ At Par Cheques/Demand Drafts (as per mandate given by investor)

First annual interest shall be paid on 15th Feb 2013. Interest on Application Money at the above rates from the date of credit in REC Bank A/c to date immediately preceding the deemed date of allotment shall be paid with 1st Annual interest payment.
Note: REC can at its sole and absolute discretion revise the terms of the offer including coupon rate and period. The investors are advised to check the terms and conditions including coupon rate prevailing at the time of applying.

2011-12-25T15:28:00.001+05:30

REC 80CCF Infrastructure Bonds

Posted: 21 Dec 2011 01:02 PM PST

Rural Electrification Corporation (REC) which is a Navratna and has high debt ratings has come with the latest issue of 80CCF infrastructure bonds.

This issue opened on 19^th December 2011 and will close on February 10 2012, and has interest rates which are only just slightly lower than the other two issues – IDFC and IFCI that came out recently, though they are higher than the PFC issue.

Here are the four options that you can choose from the REC issue.

	Option 1	Option 2	Option 3	Option 4
Face Value	Rs. 5,000	Rs. 5,000	Rs. 5,000	Rs. 5,000
Maturity	10 years	10 years	15 years	15 years
Buyback option	5 years	5 years	7 years	7 years
Interest Rate	8.95%	8.95%	9.15%	9.15%
Interest Payment	Compounding	Annual	Compounding	Annual

There are going to be questions on which is the best infra bond among the ones that are open right now, and I think all of them are very close, and it’s just not possible for me to say definitively that one is better than the other.

The other question is between annual and compounded options, and if there is a tax benefit of opting for the compounded one because capital gains taxes are lower than tax on tax on interest payment, and the answer to that is it’s not tax efficient because even in the latter option they charge tax on interest and don’t use the capital gains calculation.

Now, you could say that I’d much rather have Rs. 30,308 after 5 years (if you invested 20K in the 5 year buyback option) instead of earning an interest of just Rs. 1,790 in a year and that’s your option but as far as tax is concerned – one is not more efficient than the other.

I don’t know if there are any other infrastructure bonds lined up but there are already quite a few open and you should pick one soon so that you get the necessary documents for tax purposes in time.

2011-12-25T15:25:00.000+05:30

NHAI Tax Free Bonds

Posted: 23 Dec 2011 12:18 PM PST

National Highways Authority of India (NHAI) running under Road Transport & Highways Government of India is launching Tax Free bonds, as per reports, from December 28, 2011 with coupon rates of 8.20% under 10 years plan and 8.30% under 15 years plan, for the value of Rs 5000 Crore with option to retain oversubscription of Rs 5000 Crore with face value of bonds of Rs 1000/- each at par value. The terms and conditions of Tax Free bonds are :

For query of application forms mail us at: Jainbroker@yahoo.in these will be posted or mailed on receiving at our end.

NATIONAL HIGHWAYS AUTHORITY OF INDIA
Issue Opening Date	28/12/2011
Issue Closing Date	11/01/2012
Issue shall remain open for subscription for a minimum of 3 days or such extended period upto a maximum period of 30 days from the date of opening of the Issue. In case of early closure, NHAI shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper

HIGHLIGHTS OF THE BOND ISSUE
Issuer	National Highways Authority of India
Nature of Instrument	Tax-Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures
Issue Size	Rs. 5,000 crore with an option to retain oversubscription of upto Rs. 5,000 crore
Tax Benefits	1. The income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961; 2. There shall be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors; 3. As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer. Under section 112 of the I.T. Act, capital gains arising on the transfer of listed Bonds shall be taxed @ 10% without indexation; 4. Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957.
Instrument Form	At the option of investors, in dematerialized as well as in physical form
Security	Pari passu charge on the immovable property situated at Ahmadabad and exclusive first charge on fixed assets of NHAI, being highway project comprising of all superstructure including highway lightings, road barriers and dividers, bridges, culverts and all other super structures constructed on national highways entrusted to NHAI
Credit Rating	“CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and “Fitch AAA(ind)” by FITCH
Face Value	Rs. 1,000/- per Bond
Issue Price	At par i.e. Rs. 1,000/- per Bond
Minimum Application	50 Bonds (Rs. 50,000/-) and in multiples of 1 Bonds (Rs. 1,000/-) thereafter
Tranche	Series-I	Series-II
Tenor	10 Years	15 Years
Put & Call Option	None	None
Maturity/ Redemption	At par on the expiry of 10th Year from the Deemed Date of Allotment	At par on the expiry of 15th Year from the Deemed Date of Allotment
Coupon Rate	8.20% p.a.	8.30% p.a.
Interest Payment	Annual	Annual
Interest Payment Dates	Every year on October 01, and on respective maturity
Listing	Proposed on BSE Ltd. (“BSE”) and National Stock Exchange of India Ltd. (“NSE”). The Designated Stock Exchange for the Issue is BSE
Trustee	SBICAP Trustee Company Ltd.
Interest on Application Money	At the respective coupon rate on Bonds (subject to deduction of tax at source, as applicable) will be paid to the eligible applicants to whom the Bonds are allotted pursuant to the Issue on the amount allotted from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one date prior to the Deemed Date of Allotment. @ 4.00% p.a. (subject to deduction of tax at source, as applicable) on application money which is liable to be refunded to the applicants from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment. Such interest shall be paid along with the monies liable to be refunded