Our recommendation Indiabulls Securities has jumped from Rs 12 to Rs 17.40 ..up 45%!!! Buy 20+ before Diwali
22 October 2013
PFC, NHPC, IIFCL Subscription Figures for Ongoing Issues as at 1pm on 22nd Oct 2013
Subscription Figures for Ongoing Issues as at 1 pm on 22nd Oct 2013
NHPC Tax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option
| |||||
Sr. No
|
Category
|
Issue Size
(Rs. In Crs) |
No of times subscribed
|
Total Amt Bided
(Rs. In Crs) |
Unsubscribed Amt
(Rs. In Crs) |
1
|
Category I (QIB)
|
150.00
|
2.80
|
420.00
|
(270.00)
|
2
|
Category II (Corporate)
|
200.00
|
3.16
|
632.24
|
(432.24)
|
3
|
Category III (HNI)
|
250.00
|
1.61
|
401.81
|
(151.81)
|
4
|
Category IV (Retail)
|
400.00
|
1.03
|
413.95
|
(13.95)
|
Total
|
1,000.00
|
1.87
|
1,868.00
|
(868.00)
| |
Updated as on 22nd Oct 2013 at 1 pm
| |||||
PFC Tax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option
| |||||
Sr. No
|
Category
|
Issue Size
(Rs. In Crs) |
No of times subscribed
|
Total Amt Bided
(Rs. In Crs) |
Unsubscribed Amt
(Rs. In Crs) |
1
|
Category I (QIB)
|
581.38
|
0.62
|
360.00
|
221.38
|
2
|
Category II (Corporate)
|
775.18
|
1.57
|
1,218.74
|
(443.56)
|
3
|
Category III (HNI)
|
968.97
|
1.02
|
991.73
|
(22.76)
|
4
|
Category IV (Retail)
|
1,550.36
|
0.55
|
860.36
|
690.00
|
Total
|
3,875.89
|
0.89
|
3,430.83
|
445.06
| |
Updated as on 22nd Oct 2013 at 1 pm
| |||||
IIFCLTax Free Bond FY 13-14 - Subscription Figures with Green Shoe Option
| |||||
Sr. No
|
Category
|
Issue Size
(Rs. In Crs) |
No of times subscribed
|
Total Amt Bided
(Rs. In Crs) |
Unsubscribed Amt
(Rs. In Crs) |
1
|
Category I (QIB)
|
375.00
|
0.05
|
20.00
|
355.00
|
2
|
Category II (Corporate)
|
500.00
|
0.33
|
163.95
|
336.05
|
3
|
Category III (HNI)
|
625.00
|
0.46
|
290.50
|
334.50
|
4
|
Category IV (Retail)
|
1,000.00
|
0.45
|
452.72
|
547.28
|
Total
|
2,500.00
|
0.37
|
927.17
|
1,572.83
| |
Updated as on 22nd Oct 2013 at 1 pm
| |||||
Kind Regards,
__--
Anger can hurt your finances:: Business Line
Anger can sometimes push you to sell in haste and make unhealthy investment decisions.
Picture this. You are angry at yourself or with your co-workers. This makes you emotionally stressed. Can this stress drive you to take decisions that can hurt your financial health?
The answer depends on how your brain is wired.
It turns out, how you react to anger depends on two neurotransmitters called dopamine and serotonin. Neurotransmitters are chemicals that communicate information through your brain. High level of dopamine keeps you positive and happy, and high level of serotonin provides emotional stability and reduces aggression. The flip side is that low levels of both dopamine and serotonin make you frustrated, negative and upset.
Your adrenalin has a role to play in anger-causing events. High level of adrenalin is associated with excitement. But in the case of anger, it generates a flight or fight response; you either retaliate to your anger-causing event or get over it quickly.
Whether you fight or flight depends on the levels of dopamine and serotonin in your brain. Low levels of these neurotransmitters could typically force you to get upset and retaliate. Whereas high levels of these chemicals in your brain could help you overcome your negative emotions.
Hold equity funds for 7-10 years:: Business Line
For a short investment horizon, put your money in balanced schemes.
I have been investing Rs 70,000 in the following mutual funds every month through the Systematic Investment Plan route: UTI Opportunities – Rs 15,000; Quantum Long Term Equity – Rs 15,000; ICICI Pru Focused Bluechip – Rs 10,000; IDFC Premier Equity – Rs 10,000; HDFC Midcap Opportunities – Rs 10,000; ICICI Pru Discovery – Rs 10,000.
My time horizon is 7 years and I would like to accumulate Rs 1 crore in this period. Is the target achievable? Do I need to modify my portfolio?
David C. A.
You have not stated when you started investing in these funds. Assuming you started recently, you can achieve your target if your portfolio manages to deliver a little less than 15 per cent returns annually for the next seven years.
The target is not unreasonable and can be achieved with an aggressive portfolio, of the type that you now hold. The allocation that you have made across schemes is quite appropriate. You have chosen a set of proven high-quality schemes. But with three mid-cap funds in your portfolio, there is a risk of high volatility.
Therefore, you will need to monitor your portfolio closely and book profits at regular intervals or when there is a sharp rally in the markets.
With such a large sum allocated for mutual fund SIPs alone, we hope you are left with sufficient surplus to invest in other avenues, such as debt (FDs, RDs, FMPs, NSC), gold and real estate so that you are able to build a balanced portfolio.
***
I am a 21-year-old student, pursuing a course in chartered accountancy. I manage to build up a surplus of Rs 3,000-4,000 a month. I wish to invest Rs 1,000 a month through the SIP mode in ICICI Pru Focused Bluechip and HDFC Top 200 and also start putting money in a recurring deposit scheme.
I have an investment horizon of 3 to 5 years. Do I need to make any changes to the portfolio?
Ashwin Toshniwal
It is nice to note that you are managing to save reasonable sums even while studying to complete your CA course. You have made the right move in trying to invest the surplus in potentially high-yielding avenues, such as mutual funds.
But your time horizon is too short to take exposure to equity funds. For a relatively short investment horizon of 3 to 5 years, you would be better off putting money in balanced schemes.
Your time-frame must be 7 to 10 years if you want meaningful, inflation-accounted returns from investments in equity mutual funds. You have also not specified the goal for which you are saving.
For an investment period of 3 to 5 years, you can consider investing in Tata Balanced and HDFC Multiple Yield 2005. The former is an equity-oriented balanced fund whereas the latter is a debt-oriented one. Invest Rs 1,000 in each.
Put the rest of your savings in a recurring deposit. As you complete your course and start earning more, you can consider equity funds for longer-term goals.
***
I am 32 years old and work for a private sector company. My investments in mutual funds through the SIP route over the last one year are: Rs. 3,000 in IDFC Premier Equity; Rs 2,000 in Sundaram Select Midcap, HDFC Top 200 and ICICI Pru Discovery Fund; and Rs 1,000 in Franklin India Bluechip.
My risk appetite is medium to high, while my investment horizon is 15 years. Please let me know if my current portfolio needs to be reorganised . Also, if I have to invest another Rs 5,000 per month, which schemes should I go for?
Harsha
You have done the right thing by investing for the long term of 15 years. But you may need to make a few changes in your portfolio so that you can derive optimal benefits.
Given that you have invested in as many as three mid-cap funds, your risk appetite seems to be on the higher side, though you have sought to balance it by opting for a couple of large-cap funds. Since you already have a couple of quality mid-cap funds in IDFC Premier Equity and ICICI Pru Discovery, you can stop further investments in Sundaram Select Mid-cap. Invest Rs 3,000 each in both the schemes.
HDFC Top 200 and Franklin India Bluechip have excellent long-term track records, but have not done as well in the past couple of years. You can stop further investments in these schemes. Instead, invest Rs 2,000 each in Birla Sun Life Frontline Equity and UTI Opportunities.
If you want to invest another Rs 5,000, you can consider adding Canara Robeco Large Cap+ in your portfolio and park Rs 2,000 in the scheme. The balance Rs 3,000 can be split equally across the other four schemes mentioned earlier.
Since you have a long investment horizon, you must invest in other avenues such as debt, gold and real estate. In fact, if you do not have any surplus, apart from the additional Rs 5,000 that you mentioned, you can consider parking the sum in a PPF account. Review your portfolio once every year to take suitable corrective actions and to rebalance.
Why the dollar has to decline in the long term:: Business Line
The big joke back in 1995 was that soon there would be no US government bonds available for investment, given the country’s consistent fiscal surplus. The situation is the reverse today. The debt to GDP ratio of the US has crossed 100 per cent and is expected to continue growing.
This has resulted in weakening the fundamentals of the dollar. The greenback is currently afloat mainly with the help of the huge and growing surpluses of emerging markets, especially Russia and China, which have been flowing into US dollar reserves over the last several decades. The surpluses generated by countries such as China from their exports also flow into US Treasuries. The foreign exchange reserves of other developed countries such as Japan also are, to a great extent, invested in US Government securities.
Till the mid-nineties the current account deficit (CAD) of the US was in the range of around $100 billion with minor variations over the years. However, with the emergence of China as a low-cost manufacturing hub, manufacturing shifted out of the US and into China. As a result, the CAD ballooned from $120 billion to over $850 billion by 2006.
CAD as a percentage of GDP increased from 2 to 9 per cent. However, most of the surpluses that were being generated by the exporters also continued to be ploughed back into the US in the form of capital flows for buying its government bonds. As a result, China today holds nearly $1.28 trillion and Japan $1.13 trillion worth of US government securities.
The more shocking piece of statistic is that the total outstanding debt of the US has moved up from $8.8 trillion in 2007 to $16.7 trillion today. Of this the US Federal Reserve holds just $2.1 trillion acquired via its Quantitative Easing operations.
But the CAD and the fiscal deficit together account for 10 per cent of the GDP. This essentially implies that the US needs a funding of nearly $1.5 trillion incrementally every year. It is in this backdrop that I believe that the direction of the US dollar has changed for the worse and we will now see a continuous decline in the dollar over the next several years. The arguments for such a decline are many.
DECLINE OF FEAR
A large part of the US dollar strength since the year 2008 has been due to fear among investors caused by various events such as the financial crisis, the Euro Zone crisis, expected hard landing in China and lastly the run on the currencies of high-CAD emerging economies. However, the worst of these crises are now behind us. Euro Zone has stabilised, there is unlikely to be a severe slowdown in China and the run on EM currencies appears to have halted, too.
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