your's Nivesh Mantra: 2011

Wednesday, 28 December 2011

NHAI TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BOND

PFC TAX FREE SECURERE REEDEEMABLE NCD

"PFC Tax Free Secured Redeemable Non Convertible Debentures"

(Term Sheet)

ISSUER	Power Finance Corporation Ltd.
Issue Structure	Tax Free, Secured, Redeemable, Non Convertible Debentures
Allotment	On First Cum First Serve Basis
Issue Opens	30^th December 2011
Issue Closes	16^th January 2012
Tenure	10 Years	15 Years
Coupon	8.20% p.a.	8.30% p.a.
Issue Size	Shelf Limit of Rs.4033.12 crores
Credit Rating	"AAA" by CRISIL & ICRA
Face Value	Rs.1000/- per bond
Minimum Application	10 Bonds i.e. Rs.10,000/- and in Multiples of Rs.5000
Interest on Refund	5 % p.a.
Interest on application money on successful application	Coupon Rate
Issuance	Both in physical as well as in demat mode
Listing	Proposed to be listed on BSE
Trading	Compulsorily in Demat Mode
Trading Lot	One Bond
Loan Against Bond	Can be Pledged or Hypothecated

HIGHLIGHTS OF TAX BENEFITS

In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961) the Central Government authorizes PFC to issue during the FY 2011-12, Tax Free, Secured, Redeemable, Non-convertible Bonds.
The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961.
There will 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.
Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957.

Features

The interest on the bonds would be tax exempt
Tenor shall be 10 & 15 years.
Issue Size: Rs. 4033.12 Cr
PAN is mandatory
No Lock In period
NRIs can also invest

Who Can Apply

Category I

Public Financial Institutions, Statutory Corporations, Scheduled Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds;
Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest in the Bonds;

Insurance companies registered with the IRDA;
National Investment Fund;
Mutual Funds;
Foreign Institutional Investors (including sub-accounts)
- Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the Bonds;
- Public/private charitable/religious trusts which are authorised to invest in the Bonds;
- Scientific and/or industrial research organisations, which are authorised to invest in the Bonds;
- Partnership firms in the name of the partners; and Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)

Category II

The following investors applying for an amount aggregating to above `5 lakhs across all Series in each tranche

Resident Indian individuals;
- Hindu Undivided Families through the Karta; and Non Resident Indians on repatriation as well as non-repatriation basis.

Category III

The following investors applying for an amount aggregating to upto and including `5 lakhs across all Series in each tranche

Resident Indian individuals;
- Hindu Undivided Families through the Karta; and Non Resident Indians on repatriation as well as non-repatriation basis.

Category Wise Breakup of the issue

Category I	Category II	Category III
Upto 50% of Overall Issue Size	Upto 25% of Overall Issue Size	Upto 25% of Overall Issue Size

Sunday, 18 December 2011

Apollo Munich has launched a Unbelievable Health Plan- Optima RESTORE.

Apollo Munich has launched a Unbelievable Health Plan- Optima RESTORE.

UNBELIEVABLE HEATLH PLAN ‘’OPTIMA RESTORE’’

Optima RESTORE, The new Health Plan from Apollo Munich , restores your entire insurance amount without a change if you exhaust it in the middle of the year and in case you have a claim free year it increase your insurance cover by 50% the first year and double it the year after, at no extra change

Optima RESTORE.. The Unbelievable Health Plan….

· Apollo Munich introduce a first of it’s kind unique restore benefit that automatically reinstate the basis sum insured in case you exhaust you coverage amount in a policy year at no extra charge.
· The restored sum insured can be utilized to cover you against any other illness or in case anyone in your family incase of family floater falls ill later.

Unbelievable-----------------------------------------------------------------------------------------------------------------------

MULTIPLIERT BENEFIT

· The amazing restore benefit also comes with a never before renewal incentive. If you’ve had any claim free year , we will increase you basic sum insured by 50% as a no claim bonus. If you don’t claim in the second year we will double your basis sum insured as a no claim bonus in the third year i.e. 100% of the basis sum insured.

Unbelievable-----------------------------------------------------------------------------------------------------------------------

COVERAGE BENEFITS

· Inpatient hospitalization with no room rent capping
· Pre-Hospitalization coverage for 60 days
· Post-Hospitalization coverage for 180 days
· Day care cover for 140 Procedures
· Domiciliary treatment
· Organ donor
· Emergency ambulance

Unbelievable-----------------------------------------------------------------------------------------------------------------------

OTHERS BENEFITS

· Life long renewal
· No co payment sublimit
· No additional loading at renewals
· Cashless transaction at over 4000 network hospitals
· Health line for any time health assistance
· Online health risk assessment tools
· Tax benefit under section 80D of the income tax act

BASIC SUM INSURED – 3 LAKH, 5 LAKH , 10 LAKH, 15 LAKH

DISCOUNT:---

· Family discount of 10 % if two or more family member are covered under optima restore individual sum insured plan
· An additional 7.5 % discount is offered on the payment if you chose a 2 year policy.
for more details call 09810232830

Sunday, 27 November 2011

IDFC INFRA BOND TRANCHE 1 2011

TERM SHEET –“IDFC INFRASTRCUTURE BONDS TRANCHE I” U/S 80 CC F

Issuer Infrastructure Development Finance Company Limited

Face Value 5,000

Minimum Application Rs.10000 & in multiple of Rs.5000 there after.

Rating “(ICRA)AAA” from ICRA &“Fitch AAA(ind)” from Fitch

Security First pari passu floating charge over the Secured Assets and first fixed pari passu

charge over specified immovable properties of the Company

Security Cover 1.0 time the outstanding Tranche 1 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

Registrar Karvy Computershare Private Limited

Mode of Payment Electronic Clearing Services , At par cheques & Demand drafts

Issuance Dematerialized form or Physical form* as specified by an Applicant in the Application

Form.

Lock-in Period 5 years from the Deemed Date of Allotment

Trading Dematerialized form only following expiry of the Lock-in Period

Issue Opening Date November 21, 2011

Issue Closing Date December 16, 2011

Maturity Date 10 years from the Deemed Date of Allotment

Buyback Date Date falling 5 years and one day from the Deemed Date of Allotment

Put/Call Option None

SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 1 BONDS

Series	1	2
Frequency of interest payment	Annual	Cumulative
Face value per tranche 1 bond	Rs 5000	Rs 5000
Buyback facilities	Yes	Yes
Buyback amount	Rs 5000 per tranche 1 bond	Rs 7695 per tranche 1 bond
Tenor	120 months from the deemed date of allotment	120 months from the deemed date of allotment
Interest date	9%	NA
Yield on maturity	9%	9% compounded annually
Yield on buyback	9%	9% compounded annually

L&T INFRA BOND TRANCHE 1

TERM SHEET –"L & T INFRASTRCUTURE BONDS TRANCHE I" U/S 80 CC F

Issuer Larsen & Turbo Infrastructure Finance Company Limited

Face Value Rs. 1,000

Minimum Application Rs.5000 & in multiple of Rs.1000 there after.

Rating AA+ by CARE & ICRA

Security Exclusive 1st charge on receivables of the company being one time of the

issue size along with mortgage of an immovable property.

Listing BSE

Debenture Trustee Bank of Maharashtra

Depositories National Securities Depository Limited and Central Depository Services

(India) Limited

Registrar Sharepro Services Private Limited

Mode of Payment Electronic Clearing Services , At par cheques & Demand drafts

Issuance Dematerialized form or Physical form* as specified by an Applicant in the

Application Form.

Lock-in Period 5 years from the Deemed Date of Allotment

Trading Dematerialized form only following expiry of the Lock-in Period

Issue Opening Date November 25, 2011

Issue Closing Date December 24, 2011

Maturity Date 10 years from the Deemed Date of Allotment

Buyback Date Date falling 5 /7 years and one day from the Deemed Date of Allotment

Put/Call Option None

SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 1 BONDS

Series	1	2
Frequency of Interest payment	Annual	Cumulative
Face Value per Tranche 1 Bond	Rs. 1,000	Rs. 1,000
Buyback Facility	Yes	Yes
Buyback Amount	Rs. 1,000 per Tranche 1 Bond	1,538.62 at the end of 5 years / 1,828.04 at the end of 7 years
Buyback Intimation Period	The period commencing from 6 months preceding the relevant Buyback Date and ending 3 months prior to such Buyback Date	The period commencing from 6 months preceding the relevant Buyback Date and ending 3 months prior to such Buyback Date
Interest Rate	9% p.a	9% p.a. compounded annually
Maturity Amount	Rs. 1,000 per Tranche 1	Bond Rs. 2,367.36 per Tranche 1 Bond
Yield on Maturity	9%	9% compounded annually
Yield on Buyback	9%	9% compounded annually

FORM

Thursday, 24 November 2011

ICARE

Saturday, 12 November 2011

Changes in small saving wef from 1 dec11

The finance ministry has approved the Thirteenth Finance Commission recommendations to make NSSF more flexible and market linked so that investor earns better returns. Also, the ministry has made some major restructuring in the commissions paid to the agents. It will be effective following the issue of the notification from the government.

According to the decisions on the recommendations of the committee for comprehensive review of NSSF, payment of commission on Public Provident Fund (PPF) schemes (1%) and Senior Citizens Savings Scheme (0.5%) will be discontinued whereas agency commission under all other schemes will be reduced to 0.5% from existing 1%. However, commission at existing rate of 4% will continue for Mahila Pradhan Kshetriya Bachat Yojana agents. Also the incentives, if any, paid by the state/UT governments will be reduced from the commission paid by the central government.

Furthermore, the annual ceiling on investment under PPF will be increased from Rs. 70, 000 to Rs. 1 lakh and the interest on loans obtained from PPF will be increased to 2% p.a. from existing 1% p.a. while Kisan Vikas Patras will be discontinued. Liquidity on post office time deposits will be improved allowing pre-mature withdrawal at a rate of interest 1% less than the time deposits of comparable maturity. Pre-mature withdrawals between 6-12 months of investment, will be paid at the rate of interest applicable on post office savings account.

Following are the rate of interest on various small savings schemes for current financial year on the basis of the interest compounding/ payment built in the schemes, assuming the date of implementation as 1 December, 2011:

Instrument	Current Rate (%)	Proposed Rate (%)
Savings Deposit	3.5	4
1 Year Time Deposit	6.25	7.7
2 Year Time Deposit	6.5	7.8
3 Year Time Deposit	7.25	8
5 Year Time Deposit	7.5	8.3
5 Year Recurring Deposit	7.5	8
5-Year SCSS	9	9
5 Year MIS	8.00 (6 year MIS)	8.2
5 Year NSC	8.00 (6 year NSC)	8.4
10 Year NSC	New Instrument	8.7
PPF	8	8.6
Payment of 5% bonus on maturity of MIS will be discontinued.

Wednesday, 9 November 2011

Reliance Any Time Money Card

Reliance Any Time Money Card

Key Features of Reliance Any Time Money Card

• The card offers investors the benefit of Mutual Fund Investments along with the convenience of debit cards.

• Allows cash withdrawal and transaction in Point of Sales (PoS) terminals in Visa-powered ATM /PoS terminals

• Allows Balance Enquiry in Visa-powered ATMs

• Investors have the choice to withdraw from any scheme linked to the card in HDFC Bank ATMs

• In non-HDFC Bank ATMs and PoS terminals, transaction will happen only through PrimaryAccount.

• Card will offer instant liquidity to the unitholder up to a permissible limit as fixed/ determined by the Bank for ATM cash withdrawals or 50% of the balance in the scheme or Rs. 50,000 (whichever is lower) as set by RMF, per day, from time-to-time, whichever is lower.

• Investors will be able to spend up to 50% of the balance in the primary account or Rs. 100,000

per day (whichever is lower) at PoS terminals.

Primary Scheme Account

Primary scheme account on the card can only be either Reliance Liquid Fund – Treasury Plan or

Reliance Money Manager Fund. It is mandatory to have one of these schemes as the primary scheme

account in order to apply for the card.

Type of Transactions

3 type of transactions* are allowed through the card.

- ATM Cash withdrawal

- ATM Balance enquiry

- Purchase at merchant establishments

*Not valid for payment in foreign exchange in Nepal & Bhutan.

Card is accepted at over 1.8 million Visa-enabled ATMs and over 30 million merchant establishments that

accept visa.

(Source www.visa.com as on 19- September 2011)

Transactions at HDFC Bank ATM

At HDFC Bank ATMs, unit holders get the flexibility to withdraw cash / do balance enquiry from any of the

mutual fund scheme linked to the card.

a. Withdrawal:

1) Corresponding Scheme and plan associated with the card are displayed in case of cash withdrawal.

2) Post selecting the scheme and a plan, amount needs to be entered. If the withdrawal amount is within

the limit, transaction is honoured and processed.

Current schedule of Charges

	PARTICULARS	CHARGES
	Cash Withdrawal(Upto 50% of the Balance* or Rs 50,000, whichever is lower)	Nil
	Spending in PoS Terminals(Upto 50% of the Balance or Rs. 100,000*)	Nil
	Annual Fee Balance Enquiry	Nil
	Hotlisting of Card	Nil
	Card Issuance Fee,reissuance	Nil
	International Cash Withdrawal	Rs. 69 + ST##
	International Balance Enquiry	Rs. 21 + ST##