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It is common ritual that we wish to start afresh at the beginning of a all new year. Most of investment bankers and brokers are coming out with their own list. While sifting these reports, One list published by Outlook Business magazine looks sensible. Though the stocks appears to be good, do invest in multiple chunks in dips.
Now the list
- Repco Home
- Kaveri Seeds
- Tata Global
- Yes Bank
- Aditya Birla Nuvo
- ING Vysya Bank
- ICICI Bank
- Motherson Sumi
- Inox Leisure
- Mahindra Holiday
- L& T
For rationale, please do read Outlook Business Special issue dated January 4, 2014. Stocks are listed as such not by any ranking.
Happy investing ......
Forwards Market Commission (FMC) has decided that there shall be no trading in non-agricultural commodities futures on Saturdays starting September 21st 2013.Trading in agricultural commodities presently available for trading will continue on all Saturdays between 10:00 am and 2:00 pm.
India Infoline Finance Limited is proposed to issue secured “ Non Convertible Debentures” with an option of monthly and annual interest payment and the yield works out to 12.68% p.a. for the monthly interest option.
The face value of each NCD is Rs 1,000 and minimum application is Rs 5,000 or five NCDs. The NCDs have an investment maturity tenure of three years and five years. For someone in the highest tax bracket, the 12% coupon rate works out to approximately 8.4% post-tax. The post tax return for an investor in the 20% tax bracket is around 9.6% and it is 10.8% for someone in the 10% tax bracket. It has a “Care AA” rating from CARE.
Specific Term of Issue
|Tenor||3 years||3 years||5 years||5 years|
|Coupon rate %||12||12||12||12|
|Effective yield ||12.68||12||12.68||12|
|Interest Frequency ||Monthly||Annually||Monthly||Annually|
Those wish to lock the fund for 3-5 years for a post tax yield of 8.4% per annum can invest. No TDS, if the debentures are held in demat. Minimum investment required is Rs.5000 (5 bonds).
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