10% Dividend in IDFC Tax Advantage Fund

March 22nd, 2010 by User | No Comments | Filed in Financial News

IDFC Mutual Fund has announced a dividend of Re.1 per unit in IDFC Tax Advantage (ELSS) Fund.

  • Dividend: Re. 1.00 per unit
  • NAV : Rs. 15.442 per unit ( as on 19/03/2010)
  • Record Date: 23-March-2010
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To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.

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50% Dividend in L&T Tax Advantage Fund

March 21st, 2010 by User | No Comments | Filed in Financial News

L&T Mutual Fund has announced a dividend of Rs.5 per unit in L&T Tax Advantage Fund Series 1.

L&T Tax Advantage Fund Series 1, is a 10 year close ended Equity Linked Saving Scheme, subject to a lock in a period of three years from date of allotment. The investment objective of the scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity related securities and also enabling investors to get income tax rebate as per the prevailing tax laws and subject to applicable conditions.

To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.

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IPO: Shree Ganesh Jewellery House Ltd.

March 18th, 2010 by User | No Comments | Filed in Financial News, SMS

Shree Ganesh Jewellery House Limited, one of the largest manufacturers and exporters of handcrafted gold jewellery in India, has launched IPO with price band of Rs 260 to Rs 270 per share.

IPO Summary: shree_ganesh_jewellery_logo

Issue Open: Mar 19, 2010 – Mar 23, 2010
Issue Size (Rs Crore): Rs. 371.02 – 385.29 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 260 -270 Per Equity Share
Market Lot: 25 Shares
Minimum Order Quantity: 25 Shares
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE

IPO Review:

  • SPA Securitites : Neutral
  • SMC : Neutral
  • Kredent Brokerage: Subscribe

For more details of IPO,allotment status and company details visit www.crawlindia.com/ipo

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Dividends by ELSS Funds: ICICI, Can Robeco & Sundaram

March 17th, 2010 by User | No Comments | Filed in Financial News

Only few days are left to invest for saving tax under section 80C -Income Tax Act for the financial year 2009-2010. The ELSS mutual funds are declaring dividends to lure investors.

ICICI Tax Plan

  • Dividend: Rs. 1.00 per unit
  • NAV : Rs. 18.77 per unit ( as on 17/03/2010)
  • Record Date: 19-March-2010
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Canara Robeco Canequity Tax Saver Fund –

  • Dividend: Rs. 2.00 per unit
  • NAV : Rs. 20.70 per unit ( as on 17/03/2010)
  • Record Date: 19-March-2010
  • Download form

Sundaram BNP Paribas Tax Saver Fund –

  • Dividend: Rs. 1.00 per unit
  • NAV : Rs. 12.03 per unit ( as on 17/03/2010)
  • Record Date: 19-March-2010
  • Download form

To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.

Mutual Funds are subjected to market risks. Please read scheme information document carefully before investing.

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IPO: Persistent Systems Limited

March 16th, 2010 by User | No Comments | Filed in Financial News, SMS

Persistent Systems Limited has launched IPO with price band of Rs.290 – 310 per share. The company is in the business of outsourced software product development (OPD) services.

IPO Summary: persistent_systems_logo

Issue Open: Mar 17, 2010 – Mar 19, 2010
Issue Size (Rs Crore): Rs. 157.17 – 168.01 Crores
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 290 -310 Per Equity Share
Market Lot: 20 Shares
Minimum Order Quantity: 20 Shares
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE

IPO Review:

  • Aditya Birla Money: Subscribe
  • RR Financial: Subscribe for long term
  • Hem Securities: Subscribe
  • Way2Wealth: Subscribe for listing gains
  • Swastika: Subscribe for medium term target of Rs. 350/-

For more details of IPO,allotment status and company details visit www.crawlindia.com/ipo

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30% Dividend in Bharti AXA Tax Advantage Fund

March 12th, 2010 by User | No Comments | Filed in Financial News

Bharti AXA Mutual Fund has approved the declaration of dividend in Eco and Regular plan under dividend option of Bharti AXA Tax Advantage Fund. The record date for the declaration of dividend is 16 March 2010.

The quantum of dividend will be 30% (Rs 3 per unit) on the record date on face value of Rs 10 per unit.

NAV as on 11th March-

  • Bharti Axa Tax Advantage Fund – Regular Plan – Dividend : Rs 15.38
  • Bharti Axa Tax Advantage Fund – ECO Plan – Dividend : Rs. 15.39
  • Check latest NAV from here

Download Application form of Bharti AXA Tax Advantage Fund from here

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IPO: IL&FS Transportation Networks Limited

March 11th, 2010 by User | No Comments | Filed in Financial News, SMS

IL&FS Transportation Networks Limited, an established ISO 9000:2001 surface transportation infrastructure company and one of the largest private sector BOT road operators in India, has launched IPO with price band of Rs.242 – 258 per share.

IPO Summary: itnl_logo

Issue Open: Mar 11, 2010 – Mar 15, 2010
Issue Size (Rs Crore):Rs. 700.00 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 242 -258 Per Equity Share
Market Lot: 25 Shares
Minimum Order Quantity: 25 Shares
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE

For more details of IPO,allotment status and company details visit www.crawlindia.com/ipo

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IPO: Pradip Overseas Limited

March 10th, 2010 by User | No Comments | Filed in Financial News, SMS

Pradip Overseas Limited has launched IPO with price band of Rs.100 – 110 per share.

IPO Summary:pradip_overseas_logo

Issue Open: Mar 11, 2010 – Mar 15, 2010
Issue Size (Rs Crore):Rs. 106.00 – 116.60 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 100 -110 Per Equity Share
Market Lot: 60 Shares
Minimum Order Quantity: 60 Shares
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE

Broker’s / Experts Recommendations and Views:

  • Hindu Business Line: Avoid
  • SPA Securities:Avoid

For more details of IPO,allotment status and company details visit www.crawlindia.com/ipo

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Indian FM Companies To Celebrate With Greater Financial Flexibility

September 12th, 2008 by User | No Comments | Filed in Financial News

In a major move to give Indian FM companies more autonomy, the Union Cabinet has finally approved much awaited ownership norms for private FM radio.

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West Bengal May Lose Future Investment Owing To Singur Issue

September 11th, 2008 by User | No Comments | Filed in Financial News

The ongoing crisis at Singur, West Bengal over industrialization of agricultural land may gift the already problem-ridden state with zero investment for the next two-three decades, market analysts observed. The issue is no more limited within the boundaries of Tata Motors and people of West Bengal, the level of agitation has already shaken root of all investments. (more…)

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