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Sunday, 11 September 2011

Religare Finvest Limited-Public Issue of Secured Non-Convertible Debentures. September 2011

Sep 6, 2011

Religare Finvest Limited-Public Issue of Secured Non-Convertible Debentures. September 2011

Religare Finvest Limited-Public Issue of Secured Non-Convertible Debentures.
Issue Size: Rs. 400 Crores with option to retain oversubscription up to Rs. 400 Crores, aggregating to Rs. 800 Crores

Credit Rating: AA- by CARE & 'AA-(Stable)' by ICRA
Issuance and Trading: Compulsorily in Demat Form

Who Can Apply:
Category III - Indian Residents, NRI, HUF's,(<= Rs. 5 lakh)
Category II - Corporates(Any Amount) & Individuals/HUF(more than 5 Lakhs) 
Category I - QIB



Allocations on First cum first serve basis 
 
NCD Options
I
II
Tenor (in Months)
60 M
36 M
Issuance and Trading
Compulsorily in Dematerlized form, to be listed in BSE
  Coupon (%) p.a.

QIB
12.10%
12.00%
NII /HNI – Individuals applying more than Rs. 5 lakhs
12.25%
12.15%
Individuals applying upto Rs. 5 lakhs
12.50%
12.25%
Redemption Date
60 months from the Deemed Date of Allotment
36 months from the Deemed Date of Allotment
Redemption Amount
Repayment of the Face Value + any interest that may have accrued at the Redemption date
Repayment of the Face Value + any interest that may have accrued at the Redemption date


To Invest: Email: shaguninvestment@gmail.com | Phone: 0-8872727282

Mutual Fund Update: Scheme Re-Name

Sep 8, 2011

Mutual Fund Update: Scheme Re-Name

18 schemes are set to be renamed by 12 different fund houses so that the scheme's name truly reflects the fund's investment mandate.
Mumbai: After scheme mergers, AMCs are going all out to rename their schemes.
Fund houses say the new scheme names reflect the scheme objective and the underlying portfolio better. Around 18 funds are proposed to be renamed by 12 fund houses. 
Earlier Name
New Name
Axis Tax Saver
Axis Long Term Equity
BNP Paribas Future Leaders Fund
BNP Paribas Mid Cap Fund
DSP BR Savings Manager Fund–Conservative Plan & Moderate Plan
DSP BR Savings Manager Fund-Aggressive Plan
DWS Ultra Short Term Fund -Auto Sweep Plan
DWS Ultra Short Term Fund -Premium Plus Plan
Edelweiss Income Advantage
Edelweiss Monthly Income Plan
Edelweiss Monthly Interval Fund – Series I
Edelweiss Short Term Income Fund
ICICI Prudential Equity and Derivatives Fund-Wealth Optimiser Plan
ICICI Prudential Equity and Derivatives Fund-Volatility Advantage Plan
ICICI Prudential Growth Plan
ICICI Prudential Top 100 Fund
ICICI Prudential Power Plan
ICICI Prudential Top 200 Fund
IDFC Saving Advantage Fund
IDFC Liquid Fund
ING Nifty Fund
ING Large Cap Equity Fund
Kotak Income Plus
Kotak Monthly Income Plan
Reliance Equity Advantage Fund
Reliance Top 200 Fund
Religare Active Income Fund – Institutional Plan
Religare Active Income Fund – Plan B
Religare Active Income Fund – Regular Plan
Religare Active Income Fund – Plan A
Religare Short Term Plan – Institutional Plan
Religare Short Term Plan – Plan B
Religare Short Term Plan– Regular Plan
Religare Short Term Plan – Plan A
Tata Floating Rate Fund – Short Term
Tata Money Market Fund
"The objective of changing the scheme name is to provide better clarity and linkage between the scheme's nomenclature and its key investment strategy and portfolio construct. For instance, ICICI Prudential Focused Equity was renamed ICICI Prudential Focused Bluechip Equity to bring to fore the fact that it invests only in around 20 blue chip stocks selected from the NSE top 100 stocks by market cap," says Aashish Somaiyaa, Head-Retail Business, ICICI Prudential Mutual Fund.
Himanshu Vyapak of Reliance Mutual Fund offers the same rationale for remaining one of its equity schemes. "The objective is to offer an enhanced investment universe to the existing investors of Reliance Equity Advantage Fund which is being renamed as Reliance Top 200 Fund. While maintaining the same positioning of a conservative large cap fund, it will be benchmarked to BSE 200" says Himanshu.
Another rationale behind renaming schemes is to provide a broader investment scope for the existing investors of a scheme which is being rebranded.  Axis Mutual Fund wants to widen the appeal of its Axis Tax Saver by renaming it Axis Long term Equity. "The universe of investors looking for tax saving is smaller than the universe of people looking for diversified funds. By changing the scheme's name, I think it will open up a bigger market. There are no changes in the scheme except the name," says Rajiv Anand, Axis Mutual Fund.
In the past, AMCs had given imaginative names to their schemes which often confused the investors and advisors. The erstwhile Executive Director of SEBI, K N Vaidyanathan had complained that schemes with fancy names made it difficult for investors to understand their objectives.
Few AMCs are offering an exit option to investors if they disagree with the proposed change.
Do you think this move will help investors and advisors? Let us know.

Monday, 29 August 2011

Tuesday, 23 August 2011

Listing of Secured Redeemable Non-Convertible Debentures of India Infoline

CIRCULAR

Download Ref no. NSE/CML/18675
Ref. No. NSE/LIST/C/2011/0830                                                     Date: August 22, 2011                             
To all Members,

Sub: Listing of Secured Redeemable Non-Convertible Debentures of India Infoline Investment Services Limited

In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from August 24, 2011 and the designated security codes thereof shall be as specified in Annexure.

In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.

For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.

This circular shall be effective from August 24, 2011.

For and on behalf of
National Stock Exchange of India Limited



Johnson Joseph
Chief Manager


Annexure

India Infoline Investment Services Limited
Symbol
IIISL
Name of the Company
India Infoline Investment Services Limited
Face value of NCDs (Rs. /NCD)
Rs. 1000/-
Paid up value (Rs.)
Rs. 1000/-
Issue Price (Rs. / NCD)
Rs. 1000/-
Series
N1
N2
N3
N4
ISIN
INE866I07206
INE866I07214
INE866I07222
INE866I07230
Security Description
Secured Redeemable Non-Convertible Debentures – Option I: 11.7% Per Annum.
Secured Redeemable Non-Convertible Debentures - Option II: 11.7% Per Annum.
Secured Redeemable Non-Convertible Debentures - Option III – All Other NCD Holders: 11.7% Per Annum.
Secured Redeemable Non-Convertible Debentures - Option III – Reserved & Un Reserved: 11.9% Per Annum.
No. of Securities
3643901
345548
202408
3308143
Distinctive number range
1-3643901
1-345548
1-202408
1-3308143
Coupon (%)
11.70% Per Annum
Zero Coupon Bond
11.70% Per Annum
11.90% Per Annum
Date of Allotment
18-Aug-2011
Redemption date
18-Aug-2014
18-Dec-2014
18-Aug-2016
18-Aug-2016
First Interest payment date
01-Apr-2012
N.A.
01-Apr-2012
01-Apr-2012
Credit Rating
“CARE AA-” by CARE and “[ICRA] AA- (Stable)” by ICRA
Market lot
1
Note: For more details refer Annexure I enclosed.

The Bonds of India Infoline Investment Services Limited (Symbol: IIISL) shall be traded in the Normal Market segment (Rolling Settlement) in compulsory demat for all investors.

Address of Registered Office of the Company:
The Company Secretary
India Infoline Investment Services Limited,
IIFL House, Sun Infotech Park,
Road No 16V, Plot No.B-2,
Thane Industrial Area,
Wagle Estate, Thane,
Mumbai – 400 604

Tel: 022 – 25806650
Fax: 022 - 25806654


Address of Corporate Office of the Company:
The Company Secretary
India Infoline Investment Services Limited,
IIFL Center, Kamala City,
Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013

Tel: 022 – 42499000
Fax: 022 - 24954313

Company Secretary:  Mr. Binoy Parikh
Web Site: www.iiflinvestments.com
Email id: binoy.parikh@indiainfoline.com
Financial Year: April to March
Address of Registrar:
Link Intime India Private Limited
C - 13, Pannalal Silk Mills Compound,
LBS Marg, Bhandup (West),
 Mumbai - 400078

Tel: 022- 25960320
Fax: 022-25960329