Dewan Housing Aashray Fixed Deposits II

Dear Investor,

 

 

We are pleased to offer you an opportunity to invest in the Fixed Deposits (FD) scheme of Dewan Housing . The scheme offers attractive returns of 9.50% p.a (non - cumulative) for 3 years and is rated AA+ by CARE and FAAA by BWR indicating high degree of safety and credit quality

 Company Overview:

 Over 25 years have passed since the company's inception, today  DHFL arguably stands strong as the third largest housing finance company & the second largest housing finance company in the private sector, and is still profitably doing what its Founder intended it to do. It has got a purpose driven team of enthusiastic people who are willing to carry on the founder's vision & transform the housing scenario in India by providing affordable housing finance

Today, DHFL with its Corporate Office at Mumbai & 6 Zonal offices strives continually to reach out to its customers through its extensive network of  93 Branches, 70 Services Centers, 30 Camps managed by 7 Regional Processing offices spread across the length and breadth of the country. DHFL has also a tie – up leading Public Sector Banks such as Punjab & Sind Bank, United Bank of India, Central Bank of India to provide home loans to customers through a Joint Venture. DHFL has also setup up its representative offices at London & Dubai to serve the increasing NRI population in these regions. It has also tied – up with UAE Exchange to offer its home loan products through the various UAE Exchange centers in the GEC countries

A Gross Income of INR 99254.63 lacs, Profit After Tax (PAT) of INR 15069.23 lacs with disbursements recorded over INR 386556 lacs and Asset size of INR 980437.70 lacs (as on 31.03.2010), it can be confidently said that DHFL and its vision did make good business sense and has contributed to changing the lives of more than 300000 customers

DHFL is listed on BSE & NSE and has been rated CARE AA+, BWR FAAA & CRISIL P1 indicating high standards of business management

 

Scheme Details:

• Minimum Investment: Rs.2,000 and in multiples of Rs.1,000 thereafter
• Scheme Options: Cumulative, Non-Cumulative, Certificate and Small Savings
• 0.25% extra interest for Senior Citizens, Widows, Armed Forces Personnel, Home loan borrowers and Share holders of Dewan Housing

 

Rate of Interest:

 

Cumulative Scheme*
Period (Months)	< Rs.25 Lakh		Rs.25 Lakh & above
	Interest Rate (%)	Annual Yield %	Interest Rate (%)	Annual Yield %
12	9.00	9.20	9.25	9.45
24	9.10	9.75	9.35	10.03
36	9.25	10.38	9.50	10.70
48	9.00	10.55	9.25	10.90
60	9.00	11.06	9.25	11.43
72	9.00	11.60	9.25	12.01
84	9.00	12.17	9.25	12.61

 

Non Cumulative Scheme*
Period (Months)	Deposit < Rs.25 Lakh				Rs.25 Lakh & above
	Interest (%) payable yearly	Interest (%) payable half yearly	Interest (%) payable quarterly	Interest (%) payable monthly	Interest (%) payable yearly	Interest (%) payable half yearly	Interest (%) payable quarterly	Interest (%) payable monthly
12 to 23	9.20	9.00	8.90	8.83	9.45	9.25	9.15	9.08
24 to 35	9.31	9.10	9.00	8.93	9.56	9.35	9.25	9.18
36	9.46	9.25	9.14	9.08	9.71	9.50	9.39	9.32
37 to 84	9.20	9.00	8.90	8.83	9.45	9.25	9.15	9.08

 

* Interest rates are subject to change. Kindly check the rates before investing

 

Company Financials:

 

Financial Year Ended	Profit Before Tax	Profit After Tax	Dividend (%)
31-Mar-09	12411.49	9176.49	25.00
31-Mar-08	10572.74	8257.74	25.00
31-Mar-07	5945.53	4840.17	25.00

 

Who Can Apply?

Resident/Non-Resident Individuals, HUF, Trusts, Co-Operative Societies and Minors through guardians

 

 Kindly communicate your request for application forms by calling our Toll-Free Number 1800 425 0123 between 9.30 am to 6.30 pm 

Regards, 

Abhijit Singh| Branch Head | Sprism Investment Services Pvt Ltd
#4 | 2nd Floor | Khaitan Chambers | Modi Street |Mumbai.
(022 – 30268502 | Mobile: (+91) 9769733071 | 7 Fax 022- 30268500
* abhijit@sprism.in | website: www.sprisminvest.com

Fwd: Reliance Blended Debt Plus - Hybrid Option (XVII)

Dear Investor,

 

We are pleased to provide you an opportunity to invest in Blended Debt Plus – Hybrid Option (XVII) – an Equity Linked Debenture Scheme launched by Reliance PMS. This product is ideally suited for investors who would like to capture the potential upside of equity markets to an extent while limiting the downside risk. It actively seeks to generate superior risk adjusted returns and capital appreciation for the in

 

Product Overview:

 

The investors are offered an opportunity to participate on the upside of NIFTY, while limiting them from a potential downside. The portfolio will consist of Non Convertible Debentures (NCDs), where the return will be calculated as the participation of positive differential between the NIFTY levels on the deployment data and the average of ending NIFTY levels on the index return observation dates. The benchmark performance on the upside will be capped at a knockout barrier of 145%, which if triggered would have a knockout barrier payoff of 24% (Absolute returns) only. If the differential is negative, that is, the initial level is higher than the NIFTY level arrived by averaging the index return observation dates, then the investor will get only the principal invested. The NCDs will be issued by entity / entities, which have a reputed standing in the capital markets.

 

Product Features:

 

 

Particulars	Details
Rating	AA+
Tenor	24/27 months
Minimum Investment (Rs)	20,00,000
In Multiples of (Rs)	10,00,000
Issue opening date	27th October 2010
Issue closing date	22nd November 2010
Face Value of Debenture (Rs)	1,00,000
Issue Price of Debenture (Rs)	97,500
Reference Index	S&P CNX Nifty
Barrier Observation Dates	Futures expiry date of each month starting from the end of 1st month – typically last Thursday of every month
Index Return Observation Dates	Closing level of barrier observation dates from 19th to 24th month
Participation Ratio (PR)	100%
Knockout Barrier	145% of the Start Index Level
Knockout Barrier Payoff	24% (Absolute Returns)
Index Linked Return (%)	Max (0, (Closing Index Level/Start Index Level - 1)*100)
Structure Payoff (%)	(Principal + (Knockout Barrier Payoff, if Knockout Barrier Triggered; Else, Index Linked Return)
Start Index Level	Official closing level of S&P CNX Nifty on the deployment date
Closing Index Level	Average of closing levels of S&P CNX Nifty on the Index Return Observation Dates from 19th to 24thMonth

 

 

Kindly contact our Relationship Managers for more details on the product. The issue closes on November 22, 2010 

Regards,

 Abhijit Singh| Branch Head | Sprism Investment Services Pvt Ltd
#4 | 2nd Floor | Khaitan Chambers | Modi Street |Mumbai.
(022 – 30268502 | Mobile: (+91) 9769733071 | 7 Fax 022- 30268500
* abhijit@sprism.in | website: www.sprisminvest.com

IDFC Savings Scheme Series I

Dear Investor,

 

We are pleased to provide you investment opportunity in IDFC Savings Scheme Series I which is a Close ended debt scheme with a tenor of 36 months. The scheme endeavors to generate returns by investing in high quality fixed income securities with a maturity profile matching the maturity of the scheme and generate capital appreciation by investing in equity and equity related instruments.

 

IDFC Savings Scheme will initially deploy at least 75% of the funds collected during the New Fund Offer in high quality debt securities with an intention to generate income. The scheme will invest in a portfolio predominantly of fixed income securities that are generally maturing in line with the duration of the scheme. The scheme shall follow a predominantly passive investment strategy for the fixed income component of the Scheme. The fund will seek to generate capital appreciation by investing in equities. The equity allocation will be benchmarked to Nifty Index and will be invested in either high quality large cap companies or in equity mutual funds offering such portfolios. Depending on overall portfolio considerations and depending on market conditions, the fund manager may also have allocations to equity derivatives. The derivative portfolio will comprise of futures and options on the Nifty Index and will be actively managed by the fund manager within the overall asset allocation of the fund. The allocation to equity derivatives along with cash equity and equity mutual funds will be within the overall equity allocation as per the asset allocation of the scheme.

 

 

Scheme Features:

 

Minimum Investment amount: Rs. 5000 / -

 

NFO Closing: 29^th Oct, 2010

 

Maturity: 3 years, maturity date-7th Nov 2013

 

Liquidity: Close Ended debt scheme listed on NSE.

 

The debt portfolio will be allocated to good quality AAA and AA+ rated entities

 

The equity allocation will be managed passively and will be benchmarked against Nifty

 

Current 3 year AAA yields (~8.25%) and the expected equity allocation is 25%

 

Benchmark: CRISIL MIP Blended Index

 

Scheme will allot units before 8th Nov 2010, investors will get benefit of 3 indexations

 

The fund is suitable for all those conservative investors who are looking for additional returns over and above current fixed income options available without taking risk on capital.

 

 

Kindly communicate your request for application forms by calling our Toll-Free Number 1800 425 0123 between 9.30 am to 6.30 pm

 

Regards,

Abhijit Singh| Branch Head | Sprism Investment Services Pvt Ltd
#4 | 2nd Floor | Khaitan Chambers | Modi Street |Mumbai.

(022 – 30268502 | Mobile: (+91) 9769733071 | 7 Fax 022- 30268500
* abhijit@sprism.in | website: www.sprisminvest.com

Height of Financial Stupidity

---

Height of Financial Stupidity Posted: 21 Oct 2010 08:27 PM PDT Photo by purplemattfish Two things are infinite; human stupidity and the universe, but I'm not sure about the former. --Albert Einstein Tenzing on Hillary and Hillary on Mount Everest is the height of heights; peeing through key hole of a glass door is the height of stupidity. Now, what's the height of financial stupidity…there's a not one but many…most of us continue to violate some basic and simple financial truths and make stupid financial choices. It is very amazing to see how people get sucked in by the financial traps set up the financial industry; banks, stock brokers, life insurance companies, wealth management firms continue to harness the financial stupidity of people to make money. Human stupidity is the other name of irrationality, self deception and willful ignorance and is the single biggest contributor to human suffering. Let's see some of the ways in which people act stupid to ruin their financially life: Examples of Financial Stupidity Real Estate is the best form of investment 1. Investing in property thinking that just because land is in short supply, property prices can only move skywards. 2. Buying a residential house just to save on rent without considering the opportunity cost of money. 3. Going for a home loan to save tax even if one has enough of spare money to invest forgetting that like tax, interest is a cost borne by the borrower. Investing means trading stocks/ mutual funds 4. Either going 100% in stocks or 100% in bank fixed deposits. 5. Indulging in 'market timing' or 'stock picking' ignoring the fact that more than 80% returns of an investment portfolio are determined by 'asset allocation'. 6. Investing in Mutual Funds solely on the basis of returns without considering the risk undertaken to earn those returns. 7. Investing in Mutual Funds based on short term returns and / or dividend declaration. 8. Investing in IPOs by borrowing money to make listing gains. 9. Investing in PMS considering it to be a wealth management product not understanding that it is a high cost 'Portfolio Mismanagement Scheme'. 10. Getting lured by the fancy names of financial products. 11. Having an over-diversified investment portfolio with too many stocks/mutual funds leading to unnecessary duplication. 12. Buying jewellery for investing in gold instead of investing through gold ETFs. Insurance is a tax savings and investment tool 13. Investing in life insurance not knowing that it can be lethal for financial health. 14. Not buying adequate insurance coverage. 15. Investing in life insurance policies from LIC thinking that money is safe. 16. Buying life insurance just to favor a relative, family friend or a neighbor. 17. Mistaking insurance agents––peddling life insurance––for financial advisors. 18. Buying / investing in multiple insurance policies. 19. Falling for guaranteed returns schemes. Enjoy now, pay later 20. Considering fuel as the only cost of running a vehicle. 21. Buying /renting an expensive/unaffordable house by overstretching the finances. 22. Falling for zero interest rate schemes forgetting that processing charges is also a cost. 23. Spending to gain more points on loyalty cards and credit cards. 24. Not thinking twice before buying an expensive car or the latest gizmo, just to impress friends, relatives and neighbors. 25. Handing over a tip to a waiter even if not satisfied with the service…just to avoid the embarrassment. 26. Borrowing to finance a depreciating asset while own money is lying idle in bank accounts. 27. Borrowing money based on quoted 'flat rates of interest', not understanding that actual cost of borrowing is 2 to 3 times that of flat interest rates. 28. Choosing complexity over simplicity by mindlessly acquiring multiple credit cards, opening multiple bank accounts, investing in multiple mutual funds, buying multiple insurance policies. Photo by ImageLink 29. Taking a casual approach towards managing money which has been earned the hard way, not understanding that managing money is as important as earning it. Put differently, working hard for money but not allowing the money to work hard. Taxing the brains 30. At last, the height of financial stupidity: Standing in long queues to file tax return on the last date. Is there any other financial stupidity I have left out? How do you handle your money? Judge yourself whether you're a financially intelligent or a financial idiot? The only way to comprehend what mathematicians mean by infinity is to contemplate the extent of human stupidity. --Voltaire courtesy : Money Quest