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CONTENTS
Equity & Debt Market Roundup Ongoing and Upcoming NFOs Synopsis & Infra bonds Tax free bonds & ELSS schemes FD schemes Equity Funds Performance Debt Funds Performance Indices Watch :1 :2 :3 :4 :5 :6 :7 :8
MF Activity:
Equity Date 02-Sep-11 to 30-Sep-11 Gross Purchase (Cr.) 9649.2000 Gross Sale (Cr.) 10426.5000 Net (Cr.) -777.1000 Gross Purchase (Cr.) 86020.8000 Debt Gross Sale (Cr.) 62815.3000 Net(Cr.) 23205.8000
FII Activity:
Equity Date 02-Sep-11 to 30-Sep-11 Gross Purchase (Cr.) 47722.0000 Gross Sale (Cr.) 47880.5000 Net (Cr.) -158.3000 Gross Purchase (Cr.) 17146.2000 Debt Gross Sale (Cr.) 18854.0000 Net (Cr.) -1707.4000
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IDBI Gold Exchange Traded Fund: NFO Opens 19-Oct-2011 NFO Closes 02-Nov-2011 Fund Type: An open-ended Exchange Traded Fund Fund Class: Gold Minimum Investment: Rs.10,000 Objective: To invest in physical Gold with the objective to replicate the performance of Gold in domestic prices. The ETF will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Fund and the underlying asset.
HDFC Gold Fund: NFO Opens 07-Oct-2011 NFO Closes 21-Oct-2011 Fund Type: An Open-ended Fund of Fund Scheme Fund Class: Gold Minimum Investment: Rs.5,000 Investors without Demat Account can apply. Objective: To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HDFC GETF).
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SYNOPSIS-TOPIC FOR THE MONTH Save Tax and earn attractive returns as well:
It is that time of a year when people start looking for the investments for tax saving purpose. It does make sense to start early to plan allocation of the one lakh which can be saved in variety of instruments depending on the anticipated risk and returns. There are various tax saving instruments apart from traditional PPF, NSC, KVP which fall in Low risk low return criteria. ELSS, Equity Linked Savings Scheme funds as name suggests is tax saving product linked to the equity markets. This gives better returns but is riskier when compared to the traditional instruments. Thus, it may not be advisable to invest entire one lakh into ELSS funds but can be a part of everybodys portfolio. One assuming higher risk can have 50% and one with conservative outlook may go for 10-20% of ELSS funds in their tax saving portfolio. Given the tax saving feature these funds have a lock-in period. It is advisable to consult your financial advisor or do a thorough study of the funds before choosing from the universe of funds available. When investing in an ELSS funds, one more factor which can be looked at is the Dividend part. Since these funds have lock-in, if dividend option is chosen one can get tax free dividends prior to the lock-in as well. Apart from the one lakh savings, Government has introduced Long term infrastructure bonds wherein one can invest and save additional tax on Rs.20,000. A Rs.20,000 investment in Infra Bonds can save Rs.2,060, Rs.4,120 and Rs.6,180 in taxes for those falling in the 10%, 20% and 30% tax slab, respectively. Currently there are two issues running by IFCI Ltd and PFC ltd, both Government of India Undertaking companies and thus are rated highly as well. Besides saving an additional amount from Tax, they also pay you annual coupons up to 8.75%, which deems it an attractive investment avenue. Listed here are the key features of these issues. Power Finance Corporation Long Term Infra Bonds: Issue Opens 29-Sep-2011, Issue Closes 04-Nov-2011. Public issue of bonds by an infrastructure company under Sec 80 CCF. The bonds are rated AAA /Stable by CRISIL, AAA-Stable by ICRA, indicating highest safety Minimum Application: Rs.5,000 or 1 Bond Coupon: 8.50% to 8.75% These bonds will be issued only to Resident Indian Individuals (Major) and HUF The bonds will be listed on BSE and can be traded after the 5 year lock-in period.
IFCI Long Term Infra Bonds Series III: Issue Opens 21-Sep-2011, Issue Closes 14-Nov-2011. Public issue of bonds by an infrastructure company under Sec 80 CCF. BWR AA- by Brickwork Ratings India Pvt. Limited CAREA+ by CARE Ratings (Credit Analysis & Research Ltd.) LA by ICRA Limited. Minimum Application: Rs.5,000 or 1 Bond Coupon: 8.50% to 8.75% Resident Indian Individuals (Major) and HUF through Karta of the HUF Proposed to be listed on BSE Bonds shall be issued both in dematerialized form and physical form. However, trading allowed only in dematerialized mode after the expiry of lock-in Period of 5 years.
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Indian Railway Finance Corporation: IRFC is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the market to part finance the plan outlay of Indian Railways. Instrument: Secured, Redeemable, Non-Convertible, Non-cumulative, Tax free Bonds in the nature of Debentures Series 79 Face Value: Rs.1,00,000 (Rupees One Lacs only) per Bond Minimum Application: Rs.1,00,000 or one bond Rating: 'AAA' by CRISIL and 'LAAA' by ICRA Maturity: Series 79: 10 years from the deemed date of allotment Series 79-A: 15 years from the deemed date of allotment Coupon Rate: Series 79: 7.55% p.a. payable annually Series 79-A: 7.77% p.a. payable annually Issue Opening Date: October 10, 2011 Issue Closing Date: October 21, 2011 Cheque/DD in Favour of: IRFC Tax-Free Bond Issue October-2011 and crossed Account Payee only Form of Issuance: Demat form only
ELSS schemes which can be considered for Tax Saving purpose with benefits u/s 80C: Scheme Name Category: Equity Linked Savings Scheme Canara Robeco Equity Tax Saver (D) Taurus Tax Shield (D) Fidelity Tax Advt (D) Franklin India Taxshield (D) HDFC TaxSaver (D) Reliance Tax Saver (ELSS) (D) ICICI Pru Tax Plan (D) Principal Personal Tax Saver (D) Birla SL Tax Relief '96 (D) DSPBR Tax Saver (D) *Arranged on the basis of 5 year performance 302.1400 68.3507 1147.0807 790.3864 3032.1048 2027.0000 1259.3453 519.4791 1417.2900 722.5156 17.3700 15.1700 17.2360 29.6395 53.8760 13.7623 17.6000 84.8300 70.1300 10.7970 30.1805 22.8935 24.9982 24.1707 24.1282 22.5656 28.1573 16.5690 19.7948 20.6105 16.2014 13.6878 12.4741 10.6817 9.1045 8.3907 7.7676 7.2397 5.8788 14.3446 11.0704 13.6094 17.7345 30.0023 11.7053 23.6342 23.0427 28.1983 9.1326 AUM Latest NAV(Rs) CAGR 3 Years 5 Years SINCE INCEPTION
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Shivram Yedithi, Email: shivram.y@karvy.com For private circulation only Neelima Bajaj, Email: neelima.bajaj@karvy.com : +91 40 4467 7542, Production: Raju A
Tata Grow Economies Infra-A(G) 11.3075 (Funds has been arranged on basis of 3 years performance)
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Birla SL MIP II-Wealth 25(G) 18.0672 (Funds has been arranged on basis of 3 years performance)
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Global Indices:
Index Name Bovespa CAC 40 DAX Dow Jones FTSE 100 Hang Seng Nasdaq Nikkei 225 S&P 500 Opening Price 56495 3256.76 5784.85 11613.53 5394.5 20534.85 2579.46 8955.2 1218.89 Closing Price 52324 2981.96 5502.02 10913.38 5128.5 17592.41 2415.4 8700.29 1131.42 %age Change -7.38 -8.44 -4.89 -6.03 -4.93 -14.33 -6.36 -2.85 -7.18
Key Indicators:
Indicators 10 year BM G-Sec 1 Year MIBOR OIS 5 Year MIBOR OIS Call Repo CBLO USD Euro Brent Crude Opening 8.34 7.86 7 8.09 7.99 7.7 45.9 65.41 114.76 Closing 8.42 7.92 7.07 8.28 8.27 8.08 48.93 66.65 107.17
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