Archive for April, 2012
NFO: Taurus Banking & Financial Services Fund
Taurus mutual fund is launching a new fund (NFO) on May 02, 2012 in name and style as Taurus Banking & Financial Services Fund. The main objective under the Scheme is to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies [...]
IPO: Samvardhana Motherson Finance Ltd.
Samvardhana Motherson Finance (SMFL), 2004 incorporated company dealing in components of automotive industry is coming out with Initial Public Offer (IPO) on May 02, 2012 with price band of Rs 113-118 per share. SMFL deals in automotive rearview mirrors, electrical distribution systems (wiring harnesses), polymer processing, elastomer processing, modules and systems, injection molding tools, machined [...]
NFO: IDBI India Top 100 Equity Fund
IDBI Mutual Fund is launching a new fund (NFO) on April 25, 2012 in the name and style as IDBI India Top 100 Equity Fund to provide investors the opportunities for long-term growth in capital through diversified basket of equity stocks (70% – 100%), debt and money market instruments (0% – 30%). The investment under [...]
IPO: Tribhovandas Bhimji Zaveri Ltd.(TBZ)
Tribhovandas Bhimji Zaveri (TBZ) is coming out with an IPO issuing 1.66 Crore equity shares of Rs 10/- with premium. The price band has been fixed at Rs 120-126 per share for its Rs 210-crore initial public offering on the upper band of the issue. The IPO proceeds will be used to fund expansion plans [...]
NFO: Reliance Dual Advantage Fixed Tenure Fund II–Plan C
Reliance Mutual Fund has launched a new fund (NFO) in the name as Reliance Dual Advantage Fixed Tenure Fund II – Plan C, with tenure of 36 Months period. The objective of the Plan under the scheme is to generate returns and reduce interest rate volatility by investing a portion of the portfolio in good [...]
Tax Reckoner 2012-13 (Snapshot)
A brief snapshot for tax rates applicable for the financial year 2012-13 with effect from April 01, 2012 covering Individual, women, senior citizen, very senior citizen (above age of 80), special rates for non-resident, capital gain tax, Security Transaction Tax (STT) on share/mutual funds, tax slab on mutual fund dividends paid by the fund, where [...]
NFO: ICICI Pru Multiple Yield Fund-Series 2(Plan F)
ICICI Prudential Mutual Fund has launching a new fund (NFO) in the name as ICICI Prudential Multiple Yield Fund – Series 2-Plan F on April 10, 2012 with fund tenure of 1100 days with main objective under the scheme to generate returns by investing in a portfolio of fixed income securities/ debt instruments (65% – [...]
CNBC TV-18 and Network-18 FD Rates 2012
Both CNBC TV-18 (formerly IBN 18) and Network 18 Ltd offer their FD intermittently. Since CNBC is a known name, many of our site visitors show interest in them. So, we decided to put this one post where you can check the current interest rate of CNBC FDs. We’ll also regularly update the current status [...]
What is e-Gold and e-Silver ?
First you heard Gold futures, then someone told you about Gold ETF and then you read somewhere about the Gold Fund. Now, these days, it is possible that you hear financial planners recommending you to invest in gold through e-Gold route. Yes, E-Gold and E-Silver are good ways to invest in those precious metals ,and [...]
Best Savings Bank Account Interest rates India
As you might be aware that India’s central bank – RBI – has deregulated saving accounts interest rates. This means that RBI no longer forces interest rates to be offered to clients. Instead, banks can decide their own interest rates on saving accounts to attract more customers. This obviously leads to competition among banks and, [...]
