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@528VivekG Please note there is no way you can retain retain your security purchased earlier and sell one you bought later what your broker advise is correct,besause .FIFO is in built in software .

@518 KT IN past(OCT 11) at sr no 393 I have recommended two bonds of Shri ram transport company N3 and NF which are very promising.

@487 Saharanpuri
Why 15 year IRFC bond is at par while 10 year one @ 1017-18 ?

It is globally observed that 10 year bonds remain in high demand and most of the institutional investors & big investors invest in 10 year bonds. That is the reason they primarily go for 10 year bonds and not 15 year bonds. They dont apply in these bonds just for listing gains and hold on to their investments for a long term.I think it is primarily because of the fact that Retail Investors mostly apply for 15 year bonds with higher interest rates and start selling them as soon as they list and This increse supply reduces the prise.

@487 Saharanpuri
Taking OD of 13.5 percent to apply REC bond plus cost of trasction when you sell these bonds, does not make wise sence,particularly when in March liquidity is very tight and there is doubt that the issue will fully subscribe,and if this comes true you imagine the price at which these bond will list. The current CRR cut will improve the liquidity and this will reduce the yeild and it will have posative impact on bond prices again it is to be seen how much will be impact. As far as rate cut what you are hoping will again depend on inflation if it does not comes down RBI is not going to cut the rate. If one has surplus money one can take chance but not by taking OD.

@Vishal Investment
You have sold the secureity( IRFC Bonds) which was not in your DEMAT account,though Karvy may have made mistake in alloting you(IRFC Bonds) of different option But before selling it is the duty of invester to check and satisfy himself that what security he is selling for which he has delievery,Mistake made by Karvy does not give you privelase to sale the security which not held by you and therefor consiquences of your mistake have to be borne by you.

396 Terun Patel
You have asked about short term NCD of Mannapuran Finance Ltd, IN case of NCD you must be very clear that what you expecting,is it interest income or liquidity at reasonable rate? In case of mannapuram knowing companys track record and its balance sheet company is not likely to default in the payment of interest in time, But before maturity if there is requirement to sell your NCDs in market there is no surity that you will get the actual prise I.e (Face value + accurued interest),so if you are reddy to wait till maturity for your interest income Mannapuram is OK.

Mannapuram NCD ,On maturity you will get face value irrrespectively what ever price you may have paid while purchased the NCD from market. On maturity company can not issue you shares unless it is given as one of the condition at the time of allotment of NCD.

Dear Raj
your question is very valid one and reason for the difference is also very logical,it is besacuse how strong is the companys balance sheet and the second factor you must take into account about STFC NCD is how much intrest has been accrued and what is the perodicity of intrest payment, in case of STFC Listed NCDs are having quarterly intrest payment, half yearly intrest payment and yearly intrest payment as well as commulative that to again compounded quarterly,half yearly& annualy. when you compair two instrument along with companys financial sound ness,atteractiveness of intrest payment option will decide the market rate.

Forgate about 5 and 10 rupees on listing you should be happy if it lists on par.

320Ashish furia
It is correct that in the market there are different bond which will give you return more than 13% In the list of STFC there is bond known as double bond which on maturity will give you Rs 1000+R1000 The maturity date is 01/12/2016. When same was mention by me some one had commented that it is unsecured bond .It is correct that this is unsecured bond, but one must know following facts :
The STFC came out a public issue in june 2010 the issue size was Rs 250 cror plus permission to retain the over subscription of Rs 250 cror .Total Rs 500 cror was the issue size divided into the 5 different option and further each option divided into three category. Out of 5 option three option were secured one and two option were unsecured one. For two unsecured option one Rs 200cror were reserved. The issue was oversubscribed on first day and this particular option was subscribed by mostly HNIS and companies. The STFC is one of the oldest NBFC and having more than 25 years of track record ,The promoters are known as TATAs of south and balance sheet of STFC is of the order of Rs 30000(thirty thousand cror). Now in this situation if some one thinks that STFC will default on Rs 200 cror NCDs because these are unsecured is unsound thinking. It is also important to know that the unsecured portion of NCDs was rated by CARE as AA and By CRISIL as AA/Stable. It also relevant that STFC is one of the strongest candidate for new banking license .One can also draw the comfort from the fact that STFC is part of MSCI.The only problem is long wafting period and poor liquidity because these bond are held by strong hands. During last one year the trading volume has hardly on few days had touched four figure mark on NSE and three figure mark on BSE If one is willing to wait for five years then at present current prize 1070-1080 It will give yield more than 13% .