FIXED INCOME


Debt mutual fund schemes are expected to perform well in periods of declining interest rates. Over the past year or so, the Reserve Bank of India (RBI) cut interest rates by 150 basis points (bps), to 6.50% as on 31 May 2016, from 8% at the beginning of January 2015. This should have been a...

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Public provident fund (PPF) has now become flexible. The government has allowed premature withdrawal after five years, subject to requirement of funds for treatment of serious ailment or life-threatening disease to the account-holder, spouse or dependent children. Supporting documents from...

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Reliance Jio Infocomm Limited (RJIL) on Thursday said its Rs2,000 crore Non-Convertible Debentures (NCDs) issue was oversubscribed with a total book size in excess of Rs3,500 crore.   The subsidiary of Reliance Industries Limited (RIL) on Thursday issued NCDs of five year tenure...

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Abhirup Ghosh  and   Saurabh Dugar 06 July 2016
The regulators in India continue to make changes to streamline the regulatory regime surrounding the Indian bond market. Lately, there has been a number of changes which is likely to cause a positive impact, which otherwise has been performing well during the last one year. There seems to be...

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Those using the saving instrument of bank fixed deposits (FDs) face the pinch of taxation on interest, especially if they are in the 20% or more tax bracket. One of the investment options to reduce the taxation burden is fixed maturity plans (FMPs) offered by asset management companies (AMCs)...

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Moneylife Digital Team 10 June 2016
Market regulator SEBI (Securities and Exchange Board of India) ordered Neesa Technologies and seven of its officials to refund the money which it had raised illegally from investors and also barred them from the securities market for four years. These entities had raised Rs5.96 crore through...

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The new rules for Sukanya Samriddhi Yojana (SSY) issued by the finance ministry in March 2016 exclude non-resident Indians (NRI) and overseas citizen of India (OCI). SSY will allow investment only if the girl child is a resident Indian citizen. It is possible that the SSY account was opened...

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Tax-free bonds issues in FY15-16 in primary market got a tremendous response from investors. Several issues got oversubscribed on the first day itself. The coupon offered was around 7.30% for a 10-year term and 7.60% for a 15-year term. With no new tax-free bonds issues in sight for the...

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Every now and then, we come across cases involving public limited companies failing in their obligation to repay the deposits taken from investors. Presently, well-known companies like Helios & Matheson, Jaypee Associates and several others have badly let down thousands of small investors...

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Sucheta Dalal Sucheta Dalal 26 April 2016
Depositors continue to struggle to get their money back from certain companies   The bad news for those who invest their life’s savings in unsecured corporate fixed deposits (FDs) is that the government doesn’t really care about their plight. On 10 February 2016, Moneylife Foundation...

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The recent rate cuts are in line with declining G-Sec yields   PPF (public provident fund) interest rates have been reduced from 8.7% to 8.1%, effective 1 April 2016. PPF is in the EEE (exempt, exempt, exempt) category and, hence, the steep cut should not change the investment...

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New Delhi : In a decision that evoked immediate uproar by the salaried and self-employed class, the government on Friday slashed the interest rates on public provident fund (PPF) from 8.7 percent to 8.1 percent, soon after retracting the unpopular proposal to partially tax...

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Both NABARD and IRFC are offering 7.64% for 15-year tax-free bonds. NABARD bonds opened today, while IRFC will open on 10th March. The trend in recent issues may see both the issues being oversubscribed on the first day itself   The National Bank for Agriculture and Rural Development...

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More tax-free bonds are coming.   There will be a few opportunities to buy tax-free bonds till the end of FY15-16. National Bank for Agriculture and Rural Development (Nabard) is expected to raise Rs3,500 crore; it should be an interesting opportunity especially since Nabard has not...

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Moneylife Digital Team 17 February 2016
Moneylife Foundation has sent a memorandum to Arun Jaitley, highlighting how high profile companies like Helios Matheson and Jayprakash Associates have left their FD holders in a lurch   Tens of thousands of investors, including senior citizens, are stuck with fixed deposits in...

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RAJ PRADHAN RAJ PRADHAN 23 January 2016
Make use of the flexibility of the product to earn higher returns   Bank interest rates are on a decline. It means that interest on fixed deposits (FDs) and recurring deposits (RDs) is lower than what was offered a year ago. RDs give the same interest rate as FDs, for the same period....

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Raj Pradhan Raj Pradhan 08 January 2016
Top Bollywood celebrities opt for this investment route   Tax-free bonds, which took time to get fully subscribed two-three years ago despite higher rates than what they offer now, are getting oversubscribed on the first day of the issue, thanks to awareness of tax savings by...

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Raj Pradhan Raj Pradhan 08 January 2016
Bank FD is the most popular savings option, even when interest rates are on a decline. It is a safe and simple product. But you can get more out of your FDs?   A fixed deposit (FD) in a bank is an evergreen product. For your debt portfolio, there are options galore, such as tax-free...

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Raj Pradhan Raj Pradhan 06 January 2016
Tax-free offer of 7.53% to 7.74% may attract retail investors based on recent trends. HNIs have been much more aggressive even though they are offered 0.25% lower coupon. Find out why IREDA coupon is better than the previous issues   Indian Renewable Energy Development Agency...

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Raj Pradhan Raj Pradhan 24 December 2015
Make use of better interest rates while they last   Bank fixed deposit (FD) rates have been on a decline in the past year, after the Reserve Bank of India (RBI) started cutting rates. You can expect to get 7.25%-7.75%pa (per annum) for a five- to 10-year term. One year ago, FD rates...

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