Shriram Transport Finance NCD
Opens 2nd July, 2014
COUPON RATE »
Individuals (Retail and HNI):
11.00% p. a. for 3 years,
11.25% p. a. for 5years
11.50% p.a. for 7 years
Monthly interest payout option available for 5 years and 7 years,
Coupon for Others »
9.85% p. a. for 3 years,
10.00% p. a. for 5 years
10.15% p.a. for 7years.
Senior Citizens (only first Allottee) shall be entitled to get an additional
yield at the rate of 0.25% p.a.
NCDs are proposed to be listed on NSE and BSE.
Allotment will be on a First Come First Serve Basis,
For more info please call.
Thanking you
Regards,
Rajesh Kumar Kathpalia ¤ SMC Global
17,Netaji Subhash Marg,Daryaganj,
New Delhi-110002 Mobile No 9891645052
Email Id: rajesh.ipo@smcindiaonline.com
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NEW DELHI: One of Finance Minister Arun Jaitley's budget initiatives seems to have killed an asset class, or at least a substantial portion of it. Stunned by the change in tax rules for non-equity funds, fund houses are deferring forthcoming issues of fixed maturity plans (FMPs). At least four fund houses have confirmed that their FMPs have been deferred. Two have even returned money collected from investors for issues that closed last week. "The budget has killed one-two year FMPs," said a fund manager.
Before Jaitley's budget, FMPs were a popular investment option for many. Eight new FMP issues were scheduled to open this week and another nine that opened last week will close this week.
The measure is aimed at nixing the tax arbitrage that rewarded short-term investors in such plans compared with other investment avenues such as deposits. Life doesn't change much for longer term investors though.
While interest on fixed deposits is taxed as normal incom...
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