L&T Mutual Fund has announced a dividend of Rs.5 per unit in L&T Tax Advantage Fund – Series 1.
L&T Tax Advantage Fund – Series 1, is a 10 year close ended Equity Linked Saving Scheme, subject to a lock in a period of three years from date of allotment. The investment objective of the scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity related securities and also enabling investors to get income tax rebate as per the prevailing tax laws and subject to applicable conditions.
To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.
Larsen and Toubro (L&T) Finance Limited has announced the public issue of secured listed redeemable Non Convertible Debentures (2010 A Series). L&T Finance will issue NCDs aggregating Rs. 250 Crores with an option to retain over-subscription up to Rs. 250 Crores for issuance of additional NCDs, aggregating to a total of up to Rs. 500 Crores. Following are the main details of the issue-
- Start Date: 09-Feb-2010
- End Date: 22-Feb-2010
- Rate: Rs. 1,000/-
- Stock Exchange: NSE, BSE
- Depository: CDSL and NSDL
- Ratings: ‘CARE AA+’ by CARE and ‘LAA+’ by ICRA
- Security: Security will be created for the purpose of this Issue as per the Debenture Trust - cum - Mortgage Deed
- Trading: In Demat form only
- Trading Lot: 1 NCD
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Option
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I
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II
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Interest Payment
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Semi-annual
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Annual
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Face Value (Rs.)
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1,000/-
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1,000/-
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Coupon Rate
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8.40% p.a.
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8.50% p.a.
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Yield on Redemption
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8.58%
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8.50%
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Tenor
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36 months
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36 months
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Redemption Date / Maturity Period
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36 months from the date of allotment
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36 months from the date of allotment
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Redemption Amount
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Face value plus any interest that may have accrued payable on redemption.
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Face value plus any interest that may have accrued payable on redemption
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Interest on refunds
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2.50% p.a.
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2.50% p.a.
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Interest on application money on which allotments are made
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7.00% p.a.
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7.00% p.a.
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To invest in L & T Finance company NCD, mail at contactus@moneyvriksh.com or visit www.moneyvriksh.com/investnow . To order Forms, email us at given email-id.
Discuss with other investors or tell your opinion on our Investment Discussion Forum
UPDATE: The Scheme has been relaunched on 08-Feb-2010. To check the new details, CLICK HERE
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L & T Finance company is offering NCD (Non Convertible Debentures) public issue. The issue is open for purchase from 18th August- 4th September, 2009. Investors can get interest yield from 9.85% to 10.50% depending upon the tenure and other variables. The NCD will be listed on National Stock Exchange.
Public Issue of Secured Non Convertible Debentures Offering Summary
Size : Aggregating upto Rs. 500 crs with an option to retain oversubscription upto Rs 500 crs
Investment options: Four options
Credit Rating: “CARE AA+” by CARE and “LAA +” by ICRA
Yield on redemption: 9.85% to 10.50% Per annum
Subscription period: Issue Opening date : 18th August 2009 - Issue Closing date : 4th September 2009
Security: Security will be created for the purpose of this issue as per the Debenture Trust - cum- Mortgage Deed
Listing: The NCDs to be listed on National Stock Exchange (“NSE”)
To invest in L & T Finance company NCD, mail at contactus@moneyvriksh.com or visit www.moneyvriksh.com/investnow
You can also order forms. Just mail your request at given mail ID.
Dividends, Mutual Fund, Tax Saving Scheme | admin | March 22, 2010 | 
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