Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Tuesday, February 7, 2012

NHAI bonds to list well on Exchanges

 

Optimism is building ahead of the listing of National Highways Authority of India (NHAI) ~10,000-crore bond issue. Market players are expecting a repeat of the bumper profits seen last year when State Bank of India (SBI) bonds were listed.

High net worth individuals (HNIs) who'd failed to get their desired quantity of bonds due to the huge oversubscription are still trying off-market deals. The HNI saw demand worth ~8,120 crore against ~3,000 crore of bonds on sale. The institutional category saw demand for ~24,533 crore against ~4,000 crore for sale.

The grey market premium for NHAI bonds, ~5 when the issue closed for subscription on January 6, has now jumped to ~22. This means punters expect the bond to list at least ~22 above its face value of ~1,000, with considerable volumes in the market.

Similarly, the grey market premium for the ~5,000-crore Power Finance Corporation (PFC) bond has also rallied from ~5 to ~17- 18, dealers from broking firms here said. The NHAI listing will be followed with PFC's in mid-February.

Both had closed well before the last subscription date, due to heavy over-subscription.

The markets are excited about NHAI bonds, expected to list next Monday or Tuesday. It should be a repeat of the SBI bond listing. Also, bond holders are likely to get more money, as the cut-off date of interest payment, March 31, is near. HNIs do not want to let go of this opportunity.

The premium being offered in the grey market for SBI bonds then was ~320 per bond with a face value of ~10,000. The SBI Bond 'N' series was listed at a premium of ~365 on the National Stock Exchange against the face value of ~10,000. During the day, the counter also touched a high of ~10,385 before it closed at ~10,250.

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

---------------------------------------------

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

 

 

------------------------------------------------
How to apply to IRFC Bonds?

Apply for IRFC Tax Free Bonds forms below

Download IRFC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

------------------------------------------------
How to apply to HUDCO Bonds?

Apply for HUDCO Tax Free Bonds forms below

Download HUDCO Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Download REC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

 

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts