Muthoot Finance IPO, Kotak FMP (0% equity) & Reliance Dual Advantage FTF

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The Initial Public Offer (IPO) from gold loan provider, Muthoot Finance Ltd. (Muthoot).  Exceptional growth in gold loan disbursements (loans against gold jewellery) in recent years, the under-penetrated nature of this market and the high yields from these loans, despite being secured, make the gold lending business attractive within the banking/NBFC space

Issue Details:

  »»  Issue Open: Apr 18, 2011 - Apr 21, 2011 
  »»  Issue Type: 100% Book Built Issue IPO 
  »»  Issue Size: 51,500,000 Equity Shares of Rs. 10 
  »»  Issue Size: Rs. 824.00 - 901.25 Crore 
  »»  Face Value: Rs. 10 Per Equity Share 
  »»  Issue Price: Rs. 160 - Rs. 175 Per Equity Share 
  »»  Market Lot: 40 Shares

Enjoy Low (sometimes Nil) taxation (MAXIMUM 10% tax even if applicant is in 30% tax bracket) on appreciation from Mutual Fund having portfolio of safe Debt Funds – Kotak FMPs (one FMP of duration 18 months & the other FMP of 370 days) investing only in debt, money market & Govt. securities opened on 18^th April and closes on 25^thApril, 2011.  Avail lower of the two taxations - 20% after indexation or 10% without indexation whichever is lower.  (last year’s actual indexation was 9%).  Units of Rs.10 available at par at Rs.10/-.  Units allotted for full investment amount, without any entry/exit load.  Units will also be listed on NSE, giving liquidity.

Reliance Dual Advantage Fixed Tenure Fund I, a close ended scheme which intends to invest 80% 95% of its assets in debt securities and money market instruments and 5% to 20% in equities.  The issue opened on 11^th April and closes on 25^th April, 2011.  Avail lower of the two taxations - 20% after indexation or 10% without indexation whichever is lower (MEANS MAX. TAXATION OF 10%).  (last year’s actual indexation was 9%).  Units of Rs.10 available at par at Rs.10/-.  Units allotted for full investment amount, without any entry/exit load. 

400 days Fixed Deposit scheme from Dewan Housing & Finance Ltd. (DHFL) with High Safety Rating CARE AA+ & BWR FAAA – Get 10.25% p.a. on Cumulative,  10.51% p.a. on Annual,  10% on Half Yearly, 9.90% on Quarterly & 9.80% on Monthly Payout Interest Options.  Additional interest of 0.25% will be paid to  ARMED FORCED PERSONNEL, Senior Citizens, Widows, Existing DHFL Home Loan Borrowers & DHFL Share Holders.  LIMITED PERIOD OFFER.  Timely ECS payment facility for interest payments.  Other corporate fixed deposit options mentioned in this mail below.

PPF Account - 8% Tax Free Interest & Tax Exemption u/s 80C at the time time of investment.  Every Indian is entitled for one PPF A/c. (whether minor, housewife, aged parents, Govt. employee, Defence employee, Private sector employee or businessman), even those having EPF / GPF / DSOP accounts are also eligible to maintain one PPF account also.  So exercise your right to have PPF account in own and other family members' names.  Why loose such opportunity of getting liquidity + attractive interest + tax advantages + safety in single scheme.  15 years account with partial withdrawal allowed after a gap of 5 clear Financial Years (this gives liquidity while simultaneously enjoying 8% tax free interest).    Services for transfer of PPF account from other stations to Delhi available.  ALSO AVAIL AGENT SERVICE ON ALREADY OPENED PPF ACCOUNTS.

TAX-FREE PENSION FROM LIC OF INDIA for young professionals / enterpreneurs.

EXTRA Income Tax Saving Long Term Infrastructure Bonds from Rural Electrification Corporation - Invest Rs.20,000/- under section 80CCF and take your total investment upto Rs.1,20,000/- which is exempted from income tax.  Bonds with lock-in period of 5 years - Interest rates around 8.25%.  WITHOUT DEMAT ACCOUNT ALSO.   Presently no bonds are available, but shortly the same is likely to be floated.

MEDICLAIM

AVAIL CASHLESS MEDICLAIM IN PROMINENT HOSPITALS - MEDICLAIM (optional OPD cover at extra premium which will cover OPD consultations, diagnostic tests, pharmacy bills, outpatient dental treatment, spectacles, contact lenses and annual health check-up (including Master Health Check-up from Apollo) with unique features - No sub-limits / cap on room rent, nursing, etc.  Cashless facility in 4,000+ network hospitals, with wider coverage and features including donor expenses, daily cash allowance, ambulance charges, and health check-ups.  10% No Claim Bonus for every claim free year upto 50%.  MEDICLAIM POLICY HOLDER FROM OTHER INSURANCE COMPANIES ARE ENTITLED TO TRANSFER NO CLAIM BONUS.  10% family discount for covering 3 or more family members.  In situation of claim NCB to be reduced by 20% only.  Family Floater Option available.  Optional Maternity Benefits.  Optional Critical Illness benefit.  Pre-existing diseases covered after 4 years.  Reduce your Income Taxunder section 80D (over & above Rs.1.20 Lac 80C & 80CCF savings) by upto 30.6% of the mediclaim premium paid.  Subscribe in April & save yourself from increase in premium from May, 2011.

Separate Mediclaim scheme of National Insurance through a special tie-up, which can cover person upto age of 80 years entry age (individual & family floater).

Senior Citizen schemes from National Insurance and Star Health Insurance.

CAR INSURANCE

Check our low premiums - comprehensive insurance plans.  Also get "No Claim Bonus" on renewal of previous car insurance policy from any company.  Also transfer of "No Claim Bonus" of old car to new car.

GOVERNMENT SAVING SCHEMES

·  9% p.a. Senior Citizens Savings Scheme - Avail benefit u/s 80C I.T. Act.  Receive quarterly interest in your Saving Account automatically.  Pre-mature at low penalty.  Minimum age 60 years.  Retiring Govt. employees above 55 years can also invest.  Retiring Defence employees (of any age) can also invest.

·  MIS - Monthly interest @ 8% p.a. + 5% maturity bonus after 6 years.  (Max. deposit of Rs.4.5 lac for individual and Rs.9 Lac for joint).

·  Transfer of monthly interest from MIS Scheme / Senior Citizen Scheme to R.D. Account (Recurring Deposit Account) @ 8% p.a.

·  NSC (8.15% with tax exemption u/s 80C)

·  KVP (Double in 8 years 7 months @ 8.4% p.a.)  Pre-mature encashment  with liquidity after two & half years).  No TDS.

·  Fixed Deposits from Govt. of India (6.25% on 1 year FD, 6.5% on 2 years FD, 7.25% on 3 years FD & 7.5% on 5 years FD).  Annual interest payout.  Interest compounded quarterly.  No TDS.

·  8% Taxable Bonds.  Six years scheme.  Interest payout six monthly or cumulative.  TDS & Income Tax apply. 

SHARES through Portfolio Management Professionals

MUTUAL FUND - EQUITY, DEBIT & FMP

CORPORATE FIXED DEPOSITS

Fixed Deposit of PARSVANATH Ltd (India’s leading estate developer for two decades) (6 months - 10% p.a.; 1 year – 11.5 %, 2 years – 11.75% & 3 year @ 12% p.a. ) Monthly & Quarterly payout for non-cumulative - Interest compounded quarterly.  Additional 0.50% p.a. is paid to senior citizens above 65 years of age and Parsvanath shareholders, holding minimum 100 shares.

Fixed Depot from HDFC ( Highest safety rating AAA) - Get upto 9.25% p.a. interest (+ 0.25% for senior citizens) in Cumulative & Annual Interest Options.  (Monthly, quarterly & half-yearly interest options also available at slightly lower rate of interest).    High convenience level as FDRs, etc. despatched very fast.

Fixed Deposit from HDFC (Highest safety rating AAA) - Get upto 9.50% p.a. interest (+ 0.25% for senior citizens) on 33 months FD in Cumulative & Annual Interest Options.  (Monthly, quarterly & half-yearly interest options also available at slightly lower rate of interest).  LIMITED PERIOD OFFER.  High convenience level as FDRs, etc. despatched very fast.  Other corporate fixed deposit options mentioned in this mail below.

Fixed Deposit from PNB Housing Finance Ltd. (safety rating FAA+ by CRISIL) - Get upto 9% p.a. interest (+ 0.50% for senior citizens) on 36 months FD in Cumulative & Annual Interest Options.  (Monthly, quarterly & half-yearly interest options also available at slightly lower rate of interest).  LIMITED PERIOD OFFER. 

Bonds (Secured, non-convertible Debentures) from Shriram Transport Finance Co. Ltd.  MORE THAN DOUBLE THE PRINCIPAL IN 78 MONTHS (6 YEARS & 6 MONTHS).  "Shriram Transport Finance Company Limited is India's largest player in commercial vehicle finance that was established in the year 1979.The company has a network of 484 branches and service centers. The company is one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs)"

Fixed Deposit of Ansal Housing & Construction Ltd (An ISO Company) (6 months - 10% p.a.; 1 year - 11 %, 2 years - 11% & 3 year @ 11.50% p.a. ) Monthly & Quarterly payout for non-cumulative - Interest compounded monthly.

Fixed Deposit of Ansal Properties & Infrastructure Ltd (An ISO Company) (1 year - 12 %, 2 years - 12.25% & 3 year @ 12.50% p.a. ) Monthly & Quarterly payout for non-cumulative - Interest compounded monthly.

Fixed Deposit of Ceat Ltd (1 year - 8.50%, 2 years - 9% & 3 year @ 9.50% p.a. ) 0.25% extra for senior citizens and shareholders.

Fixed Deposit of SHRIRAM UNNATI LTD. (India's largest asset financing NBFC with AUM of Rs.30,000 Crores) - FDs rated "FAA+/stable" by CRISIL & "MAA+/stable" by ICRA (1 year - 9.25%, 2 years - 9.75% & 3 years onwards @ 10.75% p.a. ).  Interest payout options Cumulative, Yearly, Half Yearly & Quarterly with provision for electronic interest transfer.  (Half Yearly & Qly. interest option at marginally lower interest rates).

Fixed Deposit of Birla Power Solutions Ltd (1 year - 10.50 %, 2 years - 11% & 3 to 5 years @ 11.50% p.a. ) Half-yearly payout for non-cumulative - Cumulative FDs of more than one year compounded half yearly.

Fixed Deposit of Jaiprakash Associates Ltd (1 year - 10.50 %, 2 years - 11% & 3 year @ 11.50% p.a. ) - Quarterly payout for non-cumulative - Cumulative FDs of more than one year compounded monthly.

Fixed Deposit of Jaypee Infratech Ltd (Concessionaire constructing Taj Expressway and will receive Toll Charges) (1 year - 10.50 %, 2 years - 11% & 3 year @ 11.50% p.a. ) - Quarterly payout for non-cumulative - Cumulative FDs of more than one year compounded monthly.

Fixed Deposit of Unitech Ltd (1 year - 11%, 2 years - 11.50% & 3 year @ 12% p.a. ) (Additional 0.50% for senior citizens & shareholders holding min. 100 shares) - Quarterly payout for non-cumulative - Cumulative FDs of more than one year compounded monthly.

Fixed Deposit of Ankur Drugs & Pharma Ltd., Mumbai (company paying dividend regularly) having production facilites in Daman & Baddi (1 year - 10%, 2 years - 11% & 3 year @ 12% p.a. ) - Additional 0.25% for senior citizens

Fixed Deposit of Zenith Birla Ltd  (1 year - 9%, 2 years - 10.50% & 3 year @ 11% p.a. ) - Additional 0.25% for FD => Rs.1 Lac. Quarterly payout for non-cumulative - Cumulative FDs of more than one year compounded quarterly