ORIGINS by Mahindra World City, North Chennai signs Japanese conglomerate Yanmar Group as its first customer

ORIGINS by Mahindra World City, North Chennai signs Japanese conglomerate Yanmar Group as its first customer

~ Yanmar Group to establish its first manufacturing facility at ORIGINS, North Chennai

Chennai, 25 January 2019: Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, today announced the signing of Yanmar Group as its anchor customer atORIGINS by Mahindra World City, North Chennai.  Yanmar Group, an over 100-year-old business group from Japan, will establish a diesel engine manufacturing facility in ORIGINS, North Chennai, to cater to original equipment manufacturers (OEM) in the Indian construction and agriculture sectors.  The facility is expected to be operational by 2020.

ORIGINS by Mahindra World City comprises industrial clusters of international standards, spanning 250 – 600 acres and located in high growth corridors across India.  Located on NH16, Phase 1 of ORIGINS by Mahindra World City, North Chennai spans 264 acres and is currently at advanced stages of development, with all approvals in place.  The project is expected to generate direct employment for 7000 persons when fully completed.  Companies based out of ORIGINS, North Chennai can go to market faster and avail all the benefits of clear land titles; plug-and-play infrastructure; in-house expertise in operations and security; and a range of business support services.  ORIGINS, North Chennai incorporates environment-friendly and smart monitoring systems for operations & maintenance.

Ms. Sangeeta Prasad, Managing Director and CEO, Mahindra Lifespace Developers Ltd., said, “We are delighted to welcome Yanmar Co., Ltd, one of Japan’s most respected companies and a global leader in diesel engine manufacturing, to ORIGINS by Mahindra World City, North Chennai.  We remain committed in our endeavour to create efficient industrial ecosystems which enable employment and investment.”

Mr. Hajime Hirai, Director and General Manager, Yanmar Engine Manufacturing India Pvt. Ltd., said, “India is a high-potential growth market for the Yanmar Group and for our first manufacturing facility in the country, we were seeking an ideal blend of modern infrastructure, strategic connectivity and supporting social amenities.  The self-sufficient ecosystem at ORIGINS, North Chennai will help us rapidly scale our operations and attract the right talent. Yanmar is proud to be the first partner for the ORIGINS growth story in India.”

Mr. Yasushi Fukuda, Executive Officer and General Manager, Logistics Infrastructure Business Division, Sumitomo Corporation, said, “Tamil Nadu is one of the most preferred destinations for Japanese investment in India and the presence of ORIGINS by Mahindra World City, North Chennai will strengthen the state’s attractiveness as an innovation and manufacturing hub.  Yanmar Group’s presence here will accelerate job creation opportunities and local community development.”

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, and a pioneer of sustainable urbanisation in India.  The Company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Happinest’ brands; and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘ORIGINS by Mahindra World City’ brands.

Mahindra Lifespaces delivers innovative customer-focused solutions that are rooted in a legacy of trust and transparency.  The Company’s development footprint spans 23.8 million sq. ft. (2.2 million sq. m.) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments/ industrial clusters in four cities. 

A pioneer of the green homes movement in India, Mahindra Lifespaces has been ranked 4th in Asia in its category, in the ‘2017 GRESB Real Estate ESG (Environmental, Social and Governance) Assessment’.  The Company has also been ranked 22nd amongst India’s great mid-size workplaces – 2018, by the Great Places To Work Institute.

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume.  It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

For further enquiries please contact:
Pramuch Goel
General Manager, Group Communications, Mahindra Group
Tel: +91 22 2490 5943

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Aditya Birla Sun Life Mutual Fund: Bal Bhavishya Yojna NFO

Aditya Birla Sun Life Mutual Fund: Bal Bhavishya Yojna NFO

Aditya Birla Sun Life Mutual Fund has announced a New Fund Offer (NFO) for Bal Bhavishya Yojna which is an open-ended investment plan through which a parent or a guardian can make an investment on behalf of a minor child. 

The NFO period begins on January 22, 2019 and will end on February 05, 2019. 


The scheme will reopen for subscriptions within 5 business days from date of allotment. 

The investment in the scheme remains locked-in for a period of 5 years or till the child attains majority (18 years of age), whichever is earlier.


Aditya Birla Sun Life Bal Bhavishya Yojna has two variants – Wealth Plan and Savings Plan. While the Wealth Plan will invest predominantly in equity and equity related securities, the Savings Plan will invest predominantly in debt and money market instruments.

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Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter



Kotak Mahindra Bank : Net Profit Rs. Rs. 1,291 crore for the December quarter

Kotak Mahindra Bank on reported a 23% year-on-year (YOY) jump in standalone profit-after-tax  at Rs. 1,291 crore for the December quarter, slightly better than Rs. 1,273 crore anticipated by analysts in an ET Now poll.

The Kotak Mahindra Bank had reported Rs 1,053 crore profit in the corresponding quarter, last year

Net Interest Income (NII) for the quarter rose to Rs. 2,939 crore for the quarter under review from Rs. 2,394 crore in the same quarter last year. Net Interest Margin (NIM) for the quarter came in at 4.33%, the bank said in a BSE filing.
NIM stood at 4.27% in the year-ago quarter.

Gross non-performing assets (NPAs) eased to 2.07% in December quarter from 2.15%  in September quarter and 2.31% in the year-ago quarter. 

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TVS Motor Company profit rose the most in 3 quarters



TVS Motor Company profit rose the most in 3 quarters

Chennai based TVS Motor Company Ltd.’s profit rose the most in three quarters, beating analysts' estimates. The net profit rose 15.5 % year-on-year to Rs 178.4 crore in the December quarter. That compares with Rs 170-crore consensus estimate of analysts tracked by Bloomberg.

Revenues rose 26.1 % on a yearly basis to Rs 4,664 crore, led by higher volume. That too was higher than the Rs 4,555 crore forecast. The company sold 9.5 lakh units of two-wheelers between October and December.
 An increase of 19 % from the corresponding quarter last year.

Tvs's three-wheeler sales rose 47 % on a yearly basis to nearly 40,000 units. The operating income or the earnings before interest, tax, depreciation, and amortisation rose 25 % on a yearly basis to Rs 375.7 crore—the consensus estimate was Rs 360 crore. The company’s operating margin remained flat at 8.1 % during the period—analysts had forecast 7.9 %.

Shares of the automaker TVS parred losses and rose as much as 2.6 % to Rs 552 apiece after the results announcement. That compares with a 1.9 % decline in the NSE Nifty Auto Index


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ITC: Cigarette business contributed 40% to total revenue..!


 ITC Ltd, India's biggest cigarette maker, posted  a 3.85% rise in December-quarter profit, boosted by higher cigarette sales. Profit came in at Rs. 3,209 crore for the three months ended December 31, 2018, compared with Rs. 3,090 crore a year ago. Profit was largely driven by other income that increased 30% YoY to Rs 836.4 crore in Q3.

ITC's Cigarette business, which contributed over 40% to total revenue, increased 9.6 % to Rs 5,074 crore in Q3FY19 with its EBIT (earnings before interest and tax) rising 8.8 % YoY but margin contracted to 70.1 % against 70.6 % in same period last year.

 EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 11.2% to Rs 4,325.8 crore YoY, but margin dipped to 38.5 % against 39.8 % year-ago that was also below the CNBC-TV18 poll estimates of 40 % due to higher expenses. Revenue from operations in Q3 grew by 15 % year-on-year to Rs 11,227.66 crore, driven by growth across segments.


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Even the intelligent investor is likely to need - Benjamin Graham


Even the 
intelligent investor 
is likely to need..! - Benjamin Graham

"Even the intelligent investor is likely to need considerable willpower to keep from following the CROWD"
- Benjamin Graham

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SBI Life Insurance : 1, 74, 651 trained insurance professionals

SBI Life Insurance registers New Business Premium collection of Rs. 9470 crore for the nine months ended December 31, 2018, growing a healthy 32% vis-à-vis the same period last year

 
SBI Life Insurance, one of the leading life insurers in the country registered an increase of 32% in its New Business Premium; to Rs. 9470 crore for the nine month ended December 2018 via-a-vis Rs 7200 crore for the similar period last year.
 
Establishing a clear focus on protection, SBI Life’s protection new business premium collection stood at Rs. 1060 crore for the nine months ended December 2018 registering a 170% increase over the Rs 390 crore for the same period last year.  Individual New Business Premium collection increased by 14% to Rs 6600 crore from Rs 5790 crore over the corresponding period, a year ago.
 
SBI Life’s profit after tax has increased by 13% to Rs. 870 crore for the nine months ended December 2018, over Rs 770 crore in the similar period last year.
 
The company’s solvency ratio continues to remain robust at 2.23 as of December 2018 as against the regulatory requirement of 1.50.
 
SBI Life’s AUM also continued to grow at 20.2% to Rs 1,34,150 crore from Rs. 1,11,630 crore as of December 2018, with the debt-equity mix of 78:22. 90% of the debt investments are in AAA and Sovereign instruments.
 
The company has a diversified distribution network of 1, 74, 651 trained insurance professionals and wide presence in 859 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, micro agents, common service centers, insurance marketing forms, web aggregators and direct business.
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Mr. John Bogle - Father of Index Funds : 5 Books


Mr. John Bogle  - Father of Index Funds : 5 Books

Vanguard founder John C. Bogle, who changed investing forever for ordinary Americans, wrote a dozen books over his lifetime, selling over 1.1 million copies worldwide.

 The 5  are some of the best books he authored

1.Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor

2.The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

3.The Battle for the Soul of Capitalism

4.John Bogle on Investing: The First 50 Years

5.Stay the Course: The Story of Vanguard and the Index Revolution 



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Father of index funds - John Bogle is no more..!

Father of index funds - Mr. John Bogle is no more..!

Father of index funds, astute investor, a campaigner of investor interests - Mr. John. C. Bogle was all that and much more.

A trailblazer in the global mutual fund industry John. C. Bogle revolutionised investing for the common man. By popularising index funds, he provided ordinary investors with a low cost alternative to participate in equity markets. His relentless focus to reduce costs saw him structuring Vanguard as a mutual company (where unit holders are shareholders of the company). Competitive forces meant that his actions led to lower fees in the entire US MF industry. A strong believer in safeguarding investor interests, he was an outspoken critic of unethical practices in the industry.


While, Jack is no longer with us, his mantra of ‘common sense investing’ and ‘buy and hold strategy’ will guide millions of investors going forward too.

An avid follower of Mr. John Bogle, Mr. Prashant Jain, CIO, HDFC Mutual Fund said that he has tremendous respect for him. In fact, reading John Bogle’s book helped him develop a deeper understanding in his initial days. Jain said, “John’s message is simple yet powerful. He taught us beating index is not easy and odds are always against you. These learnings helped us understand that you have to take a balanced approach and respect the index to generate alpha.”

Mr. Vetri Subramaniam, Group President, Head of Equity, UTI Mutual Fund fondly recollects John’s powerful investing mantras. 

Mr. Vetri Subramaniam said, “He was a strong believer of ‘revision to mean’.  

He extended this philosophy to both asset class returns and sectoral returns, a principle, which resonates with value investing.”

Mr. Vetri  Subramaniam salutes John’s entrepreneurial spirit, which disrupted the asset management industry and made passive funds popular among masses.


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Top 10 Mutual Funds as per HNI Investment Share

Top 10 Mutual Funds as per HNI Investment Share

ICICI Prudential MF (17.5%) leads the pack in terms of HNI assets. HDFC MF comes a close second at 17% as per the report.


Overall, top five fund houses hold 62.3% market share of HNI assets.

HDFC Securities report.
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Top 10 Mutual Funds as per retail Investment Share

Top 10 Mutual Funds as per retail Investment Share


Reliance Mutual Fund leads in retail Investments 

Overall, top 5 mutual fund houses account for 55.6% of the retail Assets Under Management (AUM) in October 2018



Reliance Mutual Fund  held 13.9% of the industry’s retail assets as on October 2018.  HDFC Mutual Fund and UTI Mutual Fund follow Reliance in the second and third place, respectively.

Source: HDFC Securities 
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BEST WAYS TO SAVE TAX for 2018-19

BEST WAYS TO SAVE TAX  for 2018-19
ET Wealth Ratings.
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Financial snakes & ladders

Financial snakes & ladders

For larger Image Click on Image 
FINANCIAL LITERACY
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10 things to know about Non-Convertible Debentures - NCDs


10 things to know about Non-Convertible Debentures - NCDs

By Mr. Meenakshi sundaram Kannan, https://radhaconsultancy.blogspot.com/

10 things to know about NCD:

Fixed Deposit (FD) is nothing new to us, literally everyone has invested some of their savings in Bank Fixed Deposit during some point of time.

But at the same time, we love those investments that give us more returns than Fixed Deposits. It has already been talked about that, Debt based Mutual Funds are a better investment than Fixed Deposits.

A lot of people are aware about it, but not many have actually made an investment in it. One of the reason could be, the returns from Mutual Funds is not fixed.

There have been cases where the returns from mutual funds have been lesser than Fixed Deposits.


To keep receiving stable higher returns than Fixed Deposits, we can invest in Non-Convertible Debentures (NCDs)

So, what is NCDs ? Let us take a look at 10 things about Non-Convertible Debentures:
1. Fixed interest rate for a specific time period
Investors get a specified return interest for a fixed time. The interest is not going to fluctuate like it does in some Mutual Funds.
Hence, investing in Non-Convertible Debentures means, you will get your specified interest at the opted intervals.
2. The way you receive interest
There are different options for investors to get their returns.
It could be once a month, or once a year, or during the end of its term.
3. Investment Time period
There are different options for Investment Time Period too, like 3 years, 5 years or 10 years.
The investor can choose their preferred time periods.
4. Transferable Instruments
Fixed Deposits cannot be transferred from one person to another.
However, Non-Convertible Debentures can be transferred from one person to another and hence can be sold and bought in the market.
5. Getting money before Maturity
You can break a Fixed Deposit and take your money back with a reduced interest rate.
However, in terms of Non-Convertible Debentures, the institution will not allow you to break before its maturity. As indicated in point 4, you can sell it in the market and receive the proceedings.
6. Secured Non-Convertible Debentures
Most of the NCD’s are Secured NCD’s. In a situation where the institution is not able to return the investors’ money, there is a provision where trustees must sell underlying assets secured for the NCD and distribute the proceedings to the investors.
This provision is not available in Fixed Deposits. Its one of the highlights of Non-Convertible Debentures.
7. Interest Rate and Credit Rating

An important feature to keep a close eye out for is the Credit Ratings.
If an NCD has a high rating (AAA), then its return percentage would be less. If an NCD has a low rating (A), then its interest rate is high.
8. DMAT & Non-Convertible Debenture

NCD’s are obtained in the form of DMAT.
Meenakshi sundaram Kannan

9. Interest rate scenario

The interest rate outlook has changed from a rising trend to a stable or otherwise.
The crude oil prices have gone down and the inflationary pressures are less, and in this scenario, the interest rates will not increase again. Because of this, the opportunity to invest in high interest rate instruments are less.
Hence, we should use this opportunity to get 9+ % interest rate by investing in NCDs and it may turn out to be a good option.
10. Opportune time

After ILFS episode, Non-banking finance companies are finding it difficult to meet their cash requirements to grow their business. In this backdrop, they are trying to woo the investor with higher interest NCD options.
Investor can use this opportune time and invest in good company NCD with attractive interest rates.

NCD’s currently open for subscription
Institutions Name
Mahindra
Sriram Transport
Credit Rating
AAA
AA+
Minimum Monthly Time Period
39 Months
36 Months
Interest Type
Once a Year
Once a Year
Interest Rate
9.05%
9.4%
Buying NCD Deadline Day #
25-01-2019
31-01-2019


# The buying deadline day can be earlier than the date mentioned above. This is decided by the institution and once they receive the funds they estimated, they will decide. Hence, if you have decided to invest in NCD’s, then without any delay, invest quickly on them.


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Aadhar Housing Finance receives fresh CLSS subsidy of Rs. 176 Crore from NHB

Aadhar Housing Finance receives fresh CLSS subsidy of Rs. 176 Crore from NHB

Aadhar Housing Finance, one of the largest affordable housing finance companies in India, has received fresh CLSS subsidy of Rs. 175.56 crores from National Housing Bank (NHB). The received amount was for 7592 customers in the Economically Weaker Section (EWS) and Low Income Group (LIG) who were eligible under Pradhan Mantri Awas Yojana(PMAY). The received subsidy is being passed on to the customers’ loan account and will reduce their monthly payable EMI. As on 31st Dec 2018, Aadhar has received and passed on Govt. CLSS subsidy to close to 10,000 families.

Mr. Deo Shankar Tripathi, MD & CEO of Aadhar housing finance said “Aadhar is dedicated to enable home ownership to the low income (LIG) and economically weaker sections (EWS) of the country and PMAY is a great boost to this vision. Our teams create extensive awareness on PMAY through various awareness drives at the ground level and provide full assistance to the eligible customers to receive the credit linked subsidy to support the govt’s vision of Housing for all by 2022”.

Aadhar Housing

 Finance Limited 

(www.aadharhousing.com)

Aadhar Housing Finance Limited (Aadhar), erstwhile DHFL Vysya Housing Finance Ltd, a subsidiary of Wadhawan Global Capital (WGC), is one of the largest affordable housing finance companies in India servicing the home financing needs of the low-income and economically weaker segments of the society.


Aadhar is backed by the World Bank through the equity participation of International Finance Corporation (IFC). Today, its 330 branches across 20 states and union territories covering more than 2200 locations help to reach more than 90% of the country’s low income population and provide credit solutions that make home-ownership accessible to everyone.
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