WWW.INVESTCHIPS.COM: June 2011

Thursday, June 23, 2011

Shriram Transport Finance Co. NCD @ 11.60 % p.a.

Shriram Transport Finance Co – NCD Issue
If High returns from a top rated debt instruments is what you are looking for… NCDs from Shriram Transport finance is what you should surely look into…..
The Company is a part of Shriram Group of Companies and was incorporated on June 30; 1979.It is one of the largest asset financing NBFC’s in India
Terms of Issue
Issue opens : 27^th June 2011 Issue closes: 09^th July 2011*
Options	I			II
Issue Size	Rs.500 crores and Rs.500 crores greenshoe option
Interest Payment	Annual			Annual
Minimum Application	Rs.10,000/-			Rs.10,000/-
In Multiples of	Rs.1,000/-			Rs.1,000/-
Face Value (FV) of NCDs (Rs./NCD)	Rs.1,000/-			Rs.1,000/-
Credit Rating	‘AA/Stable’ by CRISIL and ‘AA+’ by CARE
Listing	NSE
Who can Apply	Resident Individual or HUF
Category of Investors	QIB/NII	Individual Investor & HUF		QIB/NII	Individual Investor & HUF
		>5 Lakhs	=< 5 lakhs		> 5 Lakhs	=< 5 lakhs
Coupon (%) p.a.	11.10%	11.35%	11.60%	11.00%	11.10%	11.35%
Put and Call option	Exercisable at the end of 48 months from the Deemed Date of Allotment.			N/A
Tenor	60 Months			36 Months
Redemption Amount	Repayment of the Face Value + any interest that may have accrued at the Redemption Date or at the date of early redemption if any Put Option or Call Option is exercised.			Repayment of the Face Value + any interest that may have accrued.
Nature of Indebtedness	Pari Passu with other secured Creditors and priority over unsecured creditors			Pari Passu with other Secured creditors and priority over unsecured creditors
*The Company has the option of closing the Issue on an earlier date, once it receives the amount it has targeted.

Launch Intimation: ICICI Prudential Multiple Yield Fund - 3 Years Plan B

ICICI Prudential Multiple Yield Fund - 3 Years Plan B with following features:

Tenure	1100 days
NFO Period	15th June to 29th June 2011
MICR cheques	29th June 2011 MICR cheques
RTGS and transfer cheques	Till end of business day on 29th June 2011
Switches	Till cut off time(specified for switch outs in the source scheme) 29th June 2011
Tentative Date of Allotment	07/04/11
Date of Maturity	07/08/14
Option to be launched	Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load	Nil
Minimum Application Amount	Rs.5000 and in multiples of Re.10 thereafter
Liquidity	To be listed
Benchmark	CRISIL Composite MIP Blended Index.

Asset Allocation Pattern of the scheme
Risk Profile
Money Market instruments, Short term and medium term debt securities/ debt instruments and securitised debt	70-100%	Low to medium
Equity or Equity related Securities	0 – 30%	Medium to high

Please find the enclosed attachment of the KIM and Product note of the Same.

KIM-Multiple Yield_Fund_PlanB.pdf Download this file

ICICI Prudential Multiple Yield Fund - Product Note Plan B.pdf Download this file

CRISIL Fund Services: Liquid funds – An alternative to savings bank deposits

Please find attached the latest Fund Insight article from Crisil on 'Liquid Funds - an alternative to savings bank deposits'. We can forward this article. I have also attached our recent Liquid Product note.

Please Feel Free to call for any query.

Liquid funds – an alternative to savings bank deposits-Article.pdf Download this file

Liquid_Plan_Product note_June11.pdf Download this file

Monday, June 20, 2011

Secured NCD Issue- Shriram Transport Finance Co Ltd

Shirram Transport Finance Ltd - NCD Issue - Product Note.pdf Download this file

Issue is opening on 27^th June 2011 and closing on 9^th July 2011.

Note: Allotment will be done on 1st come and 1st serve basis.

Salient features of the issue

l The secured NCD issue is rated “AA/stable” by CRISIL and “CARE AA+” by CARE. STFC will create appropriate security in favour of the Debenture Trustee for the secured NCD holders on the assets to ensure 100% asset cover for the secured NCDs.

l The NCDs bear an attractive coupon rate between 11 .35 % p.a. and 11. 60% p.a.

l There are 2 investment options, suiting the needs of different categories of investors.

l The NCD’S are proposed to be listed on NSE and will be available in Demat form only, facilitating trading of these debentures.

l In case of a resident debenture holder, TDS on interest will not be applicable since the debentures will be listed on the NSE.

l Under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed debenture 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

Investment Options (Secured NCD)

Options	I			II
Interest Payment	Annual			Annual
Minimum Application	Rs.10,000/-			Rs.10,000/-
In Multiples of	Rs.1000/-			Rs.1000/-
Face Value (FV) of NCDs	Rs.1,000/-			Rs.1,000/-
(Rs. / NCD)
Category of Investors	QIB/NII	Individual Investor & HUF		QIB/NII	Individual Investor & HUF
		> 5 lakhs	≤ 5 lakhs		> 5 lakhs	≤ 5 lakhs
Coupon (%) p.a.	11.1%	11.35%	11.6%	11.0%	11.1%	11.35%
Put and call option	Exercisable at the end of 48 months from the Deemed Date of Allotment			N/A
Tenor*	60 months			36 months
Redemption Amount	Repayment of the Face Value + any interest that may have accrued at the Redemption Date, or at the date of early redemption if any Put Option or Call Option is exercised			Repayment of the Face Value + any interest that may have accrued.
Nature of Indebtedness	Pari Passu with other secured creditors and priority over unsecured creditors			Pari Passu with other secured creditors and priority over unsecured creditors

*Subject to the exercise of the put / call option in the manner set out in the Prospectus;

Tuesday, June 14, 2011

60% Dividend - Product Note: Franklin India Prima Fund

Franklin India Prima Fund.pdf Download this file

Franklin Templeton is declaring 60% dividend in Franklin India Prima Fund (FIPF). It is an open end diversified equity fund focusing primarily on mid and small cap companies. FIPF was launched in 1993 as India’s first open end offering from the private sector and currently manages assets of about Rs.837 crores for around 1.07 lakh investors. Details of the dividend are:

Quantum : Rs.6.00 per unit

Record Date : June 17, 2011 (Friday)

Ex-dividend NAV Date : June 20, 2011 (Monday)

NAV as on 10^th Jun : Rs. 42.4613

Thursday, June 09, 2011

Useful Online Links

All government office related links are available....
This section provides you with information and useful links to avail various Citizen Services being provided by the Central & State/UT Governments in India .

Monday, June 06, 2011

No income-tax return is required for salaried persons whose annual taxable income including salary and interest is up to Rs5 lakh

Image by SeeMidTN.com (aka Brent) via Flickr

“No income-tax returns is required for salaried persons whose annual taxable income including salary and interest is up to Rs5 lakh. We would shortly notify this,” a Central Board of Direct Taxes (CBDT) official said.

However, he said this would not cover income from other sources like house property, capital gains and gains from profession and business.

The scheme would be applicable from assessment year 2011-12 onwards. This means that the salaried persons eligible under the scheme would not have to file returns for the financial year 2010-11 in 2011-12 (assessment year).

Under the scheme, those salaried persons who want to claim tax refund, would have have to file income tax return.

As per the memorandum to the Finance Bill 2011, the government will be issuing a notification exempting ‘classes of persons’ from the requirement of furnishing income tax returns.

Under the scheme, the salaried person wants exemption from filing I-T return, has to disclose about the incomes like dividend and interest to his employer for tax deduction.

In the scenario, the ‘Form 16’ issued to salaried employees will be treated as Income Tax Return. At present, it is obligatory for all salaried persons to file income tax return under the Income Tax Act, 1961.

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