IL&FS Transportation Networks Limited, an established ISO 9000:2001 surface transportation infrastructure company and one of the largest private sector BOT road operators in India, has launched IPO with price band of Rs.242 - 258 per share.
IPO Summary:
Issue Open: Mar 11, 2010 - Mar 15, 2010 Issue Size (Rs Crore):Rs. 700.00 Crore Face Value: Rs 10 Per Equity Share Issue Price: Rs 242 -258 Per Equity Share Market Lot: 25 Shares Minimum Order Quantity: 25 Shares Issue Type: 100% Book Built Issue IPO Listing At: BSE, NSE
Birla Sun Life Mutual Fund has decided to give away dividends in 5 of its schemes, including both the tax saving plans - Birla Tax Relief 96 Fund and Birla SL Tax Plan. The record date of all funds have been set to 12-March-2010. Following are the complete details-
All NAVs mentioned are as on 04-March-2010. Check latest NAV of mutual fund here
To Invest in Mutual Funds - Email at mf@moneyvriksh.com or Download form and send to any of the all india address given in the forms. You may also courier it to our address
If you are existing investor of Birla Sun Life Mutual Fund, you can invest online by clicking here
Note: Mutual Funds are subjected to market risks. Please read SID before investing.
NMDC Limited, the fully GOI owned enterprise, is the country’s largest iron ore producer and exporter. Its stock is already listed on both the major stock exchanges of India. It is now coming with FPO with price band of Rs.300 - 350 per share.
FPO Summary:
Issue Open: Mar 10, 2010 - Mar 12, 2010 Issue Size (Rs Crore): 9967.29 crores - 1162.85 crores Face Value: Re 1 Per Equity Share Issue Price: Rs 300 - 350 Per Equity Share Market Lot: 20 Issue Size: 332,243,200 Equity Shares of Re. 1 Issue Type: 100% Book Built Issue FPO Listing At: BSE, NSE
The dividend payout quantum is approximately 22% of NAV as on 5th March 2010. So, Investors can save tax while getting approx. 22% of the amount back within few days. For eg., A person invested Rs 10,000/- in this scheme before 12th March will get back approximately Rs. 2200 as dividend payout, while saving tax on complete Rs. 10,000. The exact dividend amount will depend on numbers of units allotted calculated by NAV of the day of investment.
The fund has great dividend history
Record Date
Rate of Dividend
(Bonus/Rights)
Mar 28, 2008
75.0000 %
NA
Mar 24, 2006
25.0000 %
NA
Aug 29, 2005
0.0000 %
3:1
Mar 23, 2005
200.0000 %
NA
Jan 19, 2005
100.0000 %
NA
The fund has shown remarkable performance in past few years. Following is its performance chart
IDFC Mutual Fund has launched IDFC Capital Protection Oriented Fund - Series I (IDFC - CPOF). The scheme endeavours to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective.
NFO Launch Date: 24 Feb 2010
NFO Close Date: 24 March 2010
Entry Load : Nil
Exit Load: Nil
Offer Price: Rs. 10.00 per unit
Minimum Subscription: Rs.5000/- per application and in multiples of Rs10
Available in both Physical and Dematerialised form
Birla Mutual Fund has launched Birla Sun Life Capital Protection Oriented Fund - Series 1. The objective of the scheme is to seek capital protection by investing in high quality fixed income securities maturing in line with the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.
NFO End Date: 10-Mar-2010
Offer Price: Rs. 10.00
Entry Load : Nil
Exit Load : Nil
Type: Close Ended
Asset Allocation: Debt securities and Money Market Instruments: 80%-100%, Equities and Equity related instruments: 0%-20%.
The fund offers high liquidity as it will list on NSE. So, investors can anytime encash it by selling it from Demat A/C. Though, investor has the option to keep it in DEMAT or Physical form. So, DP account number is not necessary.
LIC of India has launched new ULIP plan - LIC WEALTH PLUS. It is a unit linked plan that safeguards your investment from market fluctuations, so that your investments are protected in financially volatile times. This plan offers payment of Fund Value at the end of policy term, based on highest Net Asset Value (NAV) over the first 7 years of the policy, or the NAV as applicable at the end of the policy term, whichever is higher. NAV of the fund will be subject to a minimum of Rs. 10/-. The policy term is 8 years with an extended life cover for 2 years after the completion of policy term.
Guaranteed NAV: In this product there is a guarantee of the highest NAV recorded on a daily basis, in the first 7 years of the policy, subject to a minimum of Rs. 10. This means the payment at the end of the policy term will be based on highest Net Asset Value (NAV) recorded over the first 7 years of the policy, or the NAV as applicable on the end of the policy term, whichever is higher. The period of 7 years starts from the date of commencement of policy.
Following are the main plan features:
Policy Term - 8 years
Minimum Entry Age - 10 years
Maximum Entry Age - 65 Years
Life Cover - 10 years (Extended cover of 2 years after maturity)
Partial Withdrawal - Available after 3 years of commencement of policy.
Premium Payment - Single premium / 3 annual premium / Monthly through ECS
Availability - Plan is available till 09-May-2010
Main features of single premium policy-
Minimum premium of Rs. 40,000/-
Sum Assured is 5 times the Single premium if age at entry is upto 40 years.
Sum Assured is 2.5 times the Single premium if age at entry is 41 to 50 years.
Sum Assured is 1.25 times the Single premium if age at entry is 51 years and above.
Main features of Annual premium policy (3 yrs)-
Minimum annual premium of Rs. 20,000/-
Minimum monthly premium through ECS is Rs. 2,000/-
Sum Assured is 10 times the annualized premium if age at entry is upto 50 years.
Sum Assured is 5 times the annualized premium if age at entry is more than 50 years.
Single Premium Band
Allocation Charge
Up to 4,00,000
5.00%
4,00,001 and above
4.50%
Premium Band (per annum)
Allocation charge
First year
Thereafter
20,000 to 2,00,000
12.00%
2.50%
2,00,001 to 4,00,000
11.75%
2.50%
4,00,001 to 7,00,000
11.50%
2.50%
7,00,001 and above
11.25%
2.50%
To read more about other benefits and charges like policy admin charge, fund management charge, risk cover charge, guarantee charge,click here
To get personalized report of wealth plus plan with all the details, email your name, age and annual budget at lic@moneyvriksh.com. Check Sample report here
How To Invest in LIC Wealth Plus -
Click here to submit your details OR follow the process-
IPO | admin | March 11, 2010 | 
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