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NFO: BNP Paribas Income & Gold Fund

admin — Thu, 17 May 2012 19:07:32 +0000

BNPParibas Mutual Fund has launched a new fund offer (NFO) today , May 17, 2012 with the name as BNP Paribas Income & Gold Fund (An open-ended debt fund) and objective of the investment in the scheme generating income from a portfolio constituted of debt and money market securities (65% – 90%), along with investments in Gold Exchange Traded Funds (ETFs) [10% - 35%]. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.

Download Application Form

Scheme Details:

Fund Opens: 17-May-2012
Fund Closes: 31-May-2012
Scheme Type: Open Ended
Scheme Category: Income
Entry Load: Nil
Exit Load: 1%, if redeemed /switched-out upto 12 months from date of allotment, 0.50 %, if redeemed /switched-out upto 12 – 18 months from date of allotment. Nil, if redeemed /switched-out after 18 months from date of allotment of Units.
Unit Price for NFO: Rs. 10/-
Minimum Subscription: Rs. 5,000/- and in multiple of Rs. 1/- thereafter
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IPO: Speciality Restaurants Ltd.

admin — Wed, 16 May 2012 03:54:51 +0000

Speciality Restaurants Ltd., a 1992 establishment, has come out with an initial public offer (IPO) with a price band of Rs. 146/- to Rs 155/- per equity share of Rs. 10/-. SRL is a dining operator in India having 62 restaurants and 11 confectionaries as per records available, to provide affordable dining experience to their customers.
Speciality Restaurants have launched many brands as Mainland China Haka, Machaan, Mostly Kababs, Oh! Calcutta, Sigree, Just Biryani and Sweet Bengal.

Issue Detail:

Issue Open: 16- May-2012
Issue Closes: 18- May-2012
Issue Size: 11,739,415 Equity Shares of Rs. 10/-
Issue Size: Rs. 171.40 – 181.96 Crore , on lower & upper band.
Issue Price: Rs. 146 – Rs. 155 Per Equity Share
Market Lot: 40 Shares and in multiple of 40 Shares thereafter
Listing At: BSE, NSE
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IPO Grading:
CRISIL has assigned Speciality Restaurants Ltd IPO a Grade 4/5, means company has ‘Above Average Fundamentals’.

IPO: Plastene India Limited

admin — Wed, 09 May 2012 18:45:34 +0000

Plastene India Limited, incorporated in 1998, a Gujrat based plastics packaging manufacturing company is coming out with an IPO .
Plastene India is manufactures a variety of transport and storage containers (Jumbo bags/FIBCs) for both dry and liquid (bulk) goods, variety of laminates (solvent less / solvent based) structures for food and non-food applications, woven sack product (used in Chemicals, fertilizers, cement, urea, minerals, resin, polymers and rubber industry), and wide range of high tenacity Polypropylene Multifilament yarn – dope dyed. The company has four manufacturing facilities in India located at Gandhidham, Rajpur and Rakanpur in Gujrat.

Issue Details:

Issue Open: 09-May-2012
Issue Closes: 15-May-2012
Issue Size: 9,255,290 Equity Shares of Rs. 10/-
Value Size: Rs. 74.97 – 77.74 Crore
Issue Price: Rs. 81/- – Rs. 84/- Per Equity Share
Market Lot: 75 Shares and in multiple of 75 Shares thereafter
Listing : BSE, NSE

Plastene India Limited IPO Grading
ICRA has alloted IPO Grade 3/5 to Plastene India Ltd IPO. This means as per ICRA, company has ‘Average Fundamentals‘.

NFO: DSP BlackRock Dual Advantage Fund-(Series 3)-36M

admin — Tue, 01 May 2012 19:27:31 +0000

DSP BlackRock Mutual Fund is launching a new fund in the name & style of DSP BlackRock Dual Advantage Fund – Series 3 – 36M from May 02, 2012 with the main investment objective under the Schemes for generating returns and seeking capital appreciation by investing in a portfolio of debt (0% – 50%) and money market securities (0% – 15%), and for capital appreciation, to invest a portion of the portfolio in equity & equity related securities (0% – 35%). As far as investments in debt and money market securities are concerned, the Schemes will invest only in securities which mature on or before the date of maturity of the Schemes.

Download Application Form

Scheme Details:

Fund Opens: 02-May-2012
Fund Closes: 15-May-2012
Scheme Type: Close Ended
Scheme Category: Income
Entry Load : NIL
Exit Load : Not Applicable (The Units under the Schemes cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchange/s.)
Offer Price: Rs. 10/-
Minimum Subscription: Rs. 5,000/– and in multiples of Re. 1/- thereafter
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NFO: Taurus Banking & Financial Services Fund

admin — Mon, 30 Apr 2012 03:52:16 +0000

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 that form a part of the BFSI Sector. However, there is no assurance or guarantee that the objectives ofthe scheme will be realized and the scheme does not assure or guarantee any returns.

The scheme is an open-ended scheme and will offer units for sale and repurchase at NAV based prices on all business days on an ongoing basis, commencing not later than 5 business days from the date of allotment of units.

Download Application Form

Compliance with KYC requirements has been made mandatory for Resident Individuals, Non Resident Individuals/PIOs/OCIs.

Scheme Details:

Scheme Opens: 02-May-2012
Scheme Closes: 16-May-2012
Scheme: An open-ended sectoral equity scheme
Benchmark: BSE Bankex-index
Face Value: Rs. 10/- for cash at parEntry Load: Not Applicable.
Exit Load(For NFO & Ongoing basis): 1% for exit (repurchase/switch-out/SWP) on or before 1 year from the date of allotment.
For SIP: 1% for exit (repurchase/switch-out) on or before 1 year from the date of allotment of each installment of withdrawal.
Plan & Options: Growth / Dividend (payout only).
Minimum Investment: Rs. 5000 and in multiples of Re. 1/- thereafter.
Additional Purchase: Rs. 1000 and in multiples of Re. 1/- thereafter.
Systematic Investment Plan (SIP):
Monthly Option: Rs. 500 and in multiples of Re. 1/- thereafter, per month, for atleast 12 months or Rs. 1000 and in multiples of Re. 1/- thereafter, per month, for a minimum period of six months.
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IPO: Samvardhana Motherson Finance Ltd.

admin — Fri, 27 Apr 2012 19:21:08 +0000

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 metal products, cutting tools, IT services, engineering & design, vehicle air conditioning systems, CAE services, lighting systems, cabins for off-highway vehicles, cutting tools etc. SMFL has multinational business in manufacturing & design capabilities for providing system solutions to industries.

Issue Details:

Issue Open: 02-May, 2012
Issue Closes: 04-May-2012
Issue Size: Rs. 1,413 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 113/- Rs. 118/- Per Equity Share
Market Lot: 50 Shares and in multiple of 50 shares thereafter
Listing At: BSE, NSE
Invest Now

NFO: IDBI India Top 100 Equity Fund

admin — Tue, 24 Apr 2012 17:49:28 +0000

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 the scheme will be restricted to equity stocks and equity related instruments of companies that are constituents of the S&P CNX Nifty Index (Nifty 50) and the CNX Nifty Junior Index comprising a total of 100 stocks. These two indices are collectively referred to as the CNX 100 Index. The equity portfolio will be well-diversified and actively managed to realize the Scheme objective.

Download Application Form

Scheme Details:

Scheme Opens: 25-April-2012
Scheme Closes: 09-May-2012
Scheme: An open-ended growth scheme
Benchmark: CNX 100 Index
Face Value: Rs. 10/- for cash at par
Entry Load: Not Applicable.
Exit Load(For NFO & Ongoing basis): 1% for exit (repurchase/switch-out/SWP) on or before 1 year from the date of allotment.
For SIP: 1% for exit (repurchase/switch-out) on or before 1 year from the date of allotment of each installment of withdrawal.
Plan & Options: Growth • Dividend ( -Payout Option/-Reinvestment Option / – Sweep)
Minimum Investment: Rs. 5000 and in multiples of Re. 1/- thereafter.
Additional Purchase: Rs. 1000 and in multiples of Re. 1/- thereafter.
Systematic Investment Plan (SIP): Monthly Option: Rs. 500 and in multiples of Re. 1/- thereafter, per month, for atleast 12 months or Rs. 1000 and in multiples of Re. 1/- thereafter, per month, for a minimum period of six months.
Quarterly Option: Rs. 1500 and in multiples of Re. 1/- thereafter, per quarter, for a minimum period of four quarters.
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IPO: Tribhovandas Bhimji Zaveri Ltd.(TBZ)

admin — Mon, 23 Apr 2012 19:02:32 +0000

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 and meet working capital needs. TBZ plans to open nine new large format high street showrooms in eight cities this financial year. The company plans to open nine showrooms, one each in Aurangabad, Gandhidham, Hyderabad, Nagpur, Vadodara, Valsad, Visakhapatnam and two in Kolkata, by deploying approximately Rs 19.20 crore in this financial year. TBZ has 14 retail stores in 10 cities.

IPO Details:

Issue Open: 24-April-2012
Issue Closes: 26-April-2012
Issue Size: Rs. 200- 210 Crore on lower & upper band
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 120 – Rs. 126 Per Equity Share
Market Lot: 45 Share and in multiple of 45 shares thereafter. Maximum 35 lots by retail investors amounting Rs. 1,98,450/-
Listing At: BSE, NSE
Invest Now

NFO: Reliance Dual Advantage Fixed Tenure Fund II–Plan C

admin — Wed, 18 Apr 2012 16:09:57 +0000

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 quality debt securities (35% – 95%) & money market instruments(0% – 60%) and also to provide capital appreciation by investing the balance in equity and equity related securities(5% – 20%). The securities would mature on or before the maturity of the Plan under the scheme.

First time investors in any Mutual Fund should ask for KYC Form

Download Application Form

Scheme Details:

New Fund Opens: 16-April-2012
New Fund Closes: 30- April -2012
Period of Scheme: 36 months
Scheme Type: Close Ended
Scheme Category: Income
Entry Load: Nil
Exit Load: Being a listed scheme, no exit load will be applicable. Investors shall note that the brokerage on sales of the units of the Schemes on the stock exchanges shall be borne by the investors Offer Price: Rs. 10/-
Minimum Subscription: Rs 5000/- and in multiple of Rs. 1 thereafter
Invest Now

Tax Reckoner 2012-13 (Snapshot)

admin — Mon, 16 Apr 2012 19:49:46 +0000

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 as dividend in hands of investors is tax free.

Income Tax Rates

For Individuals, Hindu Undivided Family, Association of Persons, Body of Individuals and Artificial juridical persons.

Total Income	Tax Rates
Up to Rs. 2,00,000 (1)(2)	NIL
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Rs. 10,00,001 and above	30%

(*1) In the case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs. 2,50,000.
(*2) In case of a resident individual of age of 80 years or above, the basic exemption limit is Rs. 5,00,000.
(3) Surcharge is not applicable.
(4) Education cess is applicable @ 3% on income tax.

Personal Tax Scenarios (Amount in Rupees)

Individual	Income Level
Income Table >>>>>>	5,00,000	10,00,000	15,00,000
Tax in FY 2011-12	329.60	156,560.00	311,060.00
Tax in FY 2012-13	30,900.00	133,900.00	288,400.00
Effective Tax Savings	2,060.00	22,660.00	22,060.00

Resident senior citizen (age of 60 years but below 80 years)	Income Level
Tax in FY 2011-12	25,750.00	149,350.00	303,850.00
Tax in FY 2012-13	25,750.00	128,750.00	283,250.00
Effective Tax Savings	Nil	20,600.00	20,600.00

Resident women below 60 years	Income Level
Tax in FY 2011-12	31,930.00	155,530.00	310,030.00
Tax in FY 2012-13	30,900.00	133,900.00	288,400.00
Effective Tax Savings	1,030.00	21,630.00	21,630.00

Resident very senior citizen at the age of 80 years and above	Income Level
Tax in FY 2011-12	Nil	123,600.00	278,100.00
Tax in FY 2012-13	Nil	103,000.00	257,500.00
Effective Tax Savings	Nil	20,600.00	20,600.00

Special rates for non-residents

(1) The following incomes in the case of non-resident are taxed at special rates on gross basis:

Nature of Income	*Rates1**
*Dividend (2)**	20%
Interest received on loans given in foreign currency to Indian concern or Government of India.	20%
Income received in respect of units purchased in foreign currency of specifies Mutual Funds / UTI	20%
Royalty or fees for technical services	For Agreements entered into:
	- After 31 May 1997 but before 1 June 2005 –@ 20%
	- After 1 June 2005 – @ 10%
Interest income from a notified infrastructure debt fund	5%
Interest on FCCB, FCEB / Dividend on GDRs(b)	10%

(*1) These rates will further increase by surcharge and education cess.
(*2) Other than dividends on which DDT has been paid.
(3) In case the non-resident has a Permanent Establishment (PE) in India and the royalty/ fees for technical services paid is effectively connected with such, the same could be taxed at 40% (plus surcharge and education cess) on net basis.

(2) Tax on non-resident sportsmen or sports association on specified income @ 10% plus surcharge and education cess.

Capital Gains

Particulars	*Short-Term capital Gain Tax rates (a)**	*Long-Term capital Gain Tax rates (a)**
Sale transactions of equity shares / unit of an equity oriented fund which attract STT	15%	Nil
Sale transaction other than mentioned above:
Individuals (resident and non-residents)	Progressive slab rates	20% with indexation; 10% without indexation (for units/ zero coupon bonds)
Partnerships (resident and non-residents)	30%	20% with indexation; 10% without indexation (for units/ zero coupon bonds)
Resident Compaies	30%	20% with indexation; 10% without indexation (for units/ zero coupon bonds)
Overseas financial organisations specified in section 115AB	40% (corporate) 30% (non-corporate)	10%
FII	30%	10%
Other Foreign companies	40%	20% / 10%
Local authority	30%	10% without indexation (for units/zero coupon bonds) / 20% (for others)
Co-operative society rates	Progressive slab	10% without indexation (for units/zero coupon bonds) / 20% (for others)

(*a) These rates will further increase by applicable surcharge & education cess.
(2) Tax on non-resident sportsmen or sports association on specified income @ 10% plus surcharge and education cess.

Securities Transaction Tax (STT)

STT is levied on the value of taxable securities transactions as under.

Transaction	Rates	Payable By
Purchase/ Sale of equity shares, units of equity oriented mutual fund (delivery based)@	0.100%	Purchaser/Seller
Sale of equity shares, units of equity oriented mutual fund (non –delivery based)	0.025%	Seller
Sale of an option in securities	0.017%	Seller
Sale of an option in securities, where option is exercised	0.125%	Purchaser
Sale of a futures in securities	0.017%	Seller
Sale of unit of an equity oriented fund to the Mutual Fund	0.250%	Seller

@ effective 1 July 2012

MoneyVriksh.com

NFO: BNP Paribas Income & Gold Fund

Download Application Form

IPO: Speciality Restaurants Ltd.

IPO: Plastene India Limited

NFO: DSP BlackRock Dual Advantage Fund-(Series 3)-36M

Download Application Form

NFO: Taurus Banking & Financial Services Fund

Download Application Form

IPO: Samvardhana Motherson Finance Ltd.

NFO: IDBI India Top 100 Equity Fund

Download Application Form

IPO: Tribhovandas Bhimji Zaveri Ltd.(TBZ)

NFO: Reliance Dual Advantage Fixed Tenure Fund II–Plan C

Download Application Form

Tax Reckoner 2012-13 (Snapshot)

Income Tax Rates

Personal Tax Scenarios (Amount in Rupees)

Special rates for non-residents

Capital Gains

Securities Transaction Tax (STT)