FIXED INCOME


Moneylife Digital Team 27 September 2012
If you are an HDFC Bank customer, you may have been approached to buy equity-linked debenture of Reliance Capital. Should you?   Reliance Capital, which has investments in broking, insurance and asset management and investments through private equity and investment banking, has...

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Nidhi Jain  and   Piyush Sinha 27 September 2012
It is good that the benefit of investment in infrastructure bonds is being extended to charitable/religious trusts. However, a clarification from CBDT is expected as to why the benefit u/s 80CCF is not extended to the current fiscal for individuals and HUF For attracting investment in...

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Harjot Kaur 27 September 2012
The risky business environment does not make it good enough Muthoot Finance, a non-banking finance company (NBFC) primarily providing gold loans to individuals is looking at raising a corpus of Rs2,500 million through an issue of non-convertible debentures (NCDs). The NCD issue offers...

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RBI seems to be ignoring the massive systemic risks of non-banking financial companies. Retail investors must stay away from them The Reserve Bank of India (RBI) seems to have developed a marked preference for non-banking financial companies (NBFCs). There are laws that allow NBFCs to...

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As trading in bonds catches up in India, you should gear up for gaining by focusing on the following important elements of the game   Bond markets have always been shallow for retail investors in India. In spite of the fact that bond (debt) markets globally are two-thirds of total...

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Moneylife Digital Team 13 September 2012
Rising bad loans and negative cash flows of the past three years do not inspire confidence   Religare Finvest, a subsidiary of Religare Enterprises with its focus on SME financing and retail capital market financing, is looking at raising a corpus of Rs500 crore through an issue of...

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With debt issues becoming more opaque with each passing day, is it wise enough to invest? The answer lies in the fact that it is good to do some ground work before deciding whether or not to invest   A few days ago, my banker sent me a flyer about a non convertible debenture (NCD)...

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Moneylife Digital Team 30 August 2012
Premature withdrawal by the survivor from joint fixed deposits is now possible, in case of death of the primary holder, although subject to conditions. Investors need to be aware of the facility and take charge.   RBI issued a much-needed clarification with regard to premature...

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Under the RBI ordained “call option”, finance companies are officially allowed to return deposits anytime after three months of raising funds. Is this fair to the investors? Anil Agashe, a professor of finance and a very aware investor, was surprised when First Leasing Company of India,...

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MDT/PTI 07 August 2012
SBI revised its interest rates on NRE/NRO deposits for tenors of 5 years and above to 8.50% per annum from 7th August    Mumbai: State Bank of India said it has reduced interest rates in non-resident-external (NRE) and non-resident ordinary (NRO) deposits of five years and more...

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Moneylife Digital Team 06 August 2012
IDBI Samriddhi CD portal offers investors an facility to easily purchase certificate of deposits issued by the Bank    Mumbai: State-run IDBI Bank said it launched a new portal, a kind of first in India for certificate of deposit (CD). The portal IDBI Samriddhi CD was launched by...

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MDT/PTI 02 August 2012
While SBI cut interest rate on deposits by 0.25% to 8.5%, other state-run lender PNB has increased its deposit rates to 9% from 8.75% Mumbai: State Bank of India (SBI) on Thursday lowered interest rates on domestic term deposits of maturity of five years and more by 0.25% to 8.5%,...

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MDT/PTI 31 July 2012
The bank is opening its 1000th branch on 17th August and to celebrate the landmark is offering special interest rate of 10% deposits for 1,000 days   Mumbai: Kerala-based private sector lender Federal Bank is offering an interest rate of 10% for resident and non-resident deposits for...

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Recently both Times of India and Economic Times had claimed that fixed deposits trumped Sensex returns over the last 20 years. There are at least five flaws in the argument making the data, while correct, completely irrelevant in practical terms On 9 April 2012 Times of India (TOI) and...

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Fortunately, there are lots of options available other than the deflated equity market The ideal situation for investors would be one in which their savings ‘grow’ in real terms. If we can invest our money without too much risk and, simultaneously, protect its purchasing power, it would...

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If you missed the recent NHAI and PFC tax-free bonds issues, IRFC and Hudco bonds are here to entice investors. But, the step-down feature will incentivise real investor rather than someone trying to make a quick buck by swiftly selling it in the secondary market   IRFC (Indian...

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IDFC and L&T Infra have dropped interest rates for tranche2 bonds to 8.7% as against 9% which they offered till December 2011. IFCI which offers 9.09% and 9.16% for 10 and 15 years consequently emerges as a good bet, but the subscription closes 16 January 2012 Those who missed IDFC or...

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Moneylife Digital Team 04 January 2012
Muthoot Finance’s business model is based on the premise of gold and gold prices. However, the stability and level of gold prices after five years is anybody’s guess. This very fact that the company is dependent on one variable, makes us very uncomfortable in addition to its already high...

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Moneylife Digital Team 11 August 2011
These NCDs are attractive for investors who have been keeping money in bank FDs, but even the best non-banking finance companies can be shaken if there is continued economic slowdown. The slightly higher yield may be a cause for regret then We have recently seen several non-banking...

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Moneylife Digital Team 14 July 2011
Fixed-income investors have never had it so good in a long time To control rising inflation, the Reserve Bank of India (RBI) has been tightening money supply and interest rates have been going up. This has led to a bonanza for those who want to invest money in fixed-income instruments....

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