{"id":5761,"date":"2014-08-06T03:27:05","date_gmt":"2014-08-06T03:27:05","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=5761"},"modified":"2014-08-05T19:04:37","modified_gmt":"2014-08-05T19:04:37","slug":"13-d-s-kulkarni-secured-ncd-august-2014-should-you-invest","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/13-d-s-kulkarni-secured-ncd-august-2014-should-you-invest\/","title":{"rendered":"13% D S Kulkarni Secured NCD &#8211; August 2014 &#8211; Should you Invest?"},"content":{"rendered":"<figure id=\"attachment_5762\" aria-describedby=\"caption-attachment-5762\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-5762\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest-300x174.png\" alt=\"D S Kulkarni NCD - August 2014 - Should you Invest\" width=\"300\" height=\"174\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest-300x174.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png 571w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-5762\" class=\"wp-caption-text\"><strong>D S Kulkarni NCD &#8211; August 2014 &#8211; Should you Invest?<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">D S Kulkarni Developers is Pune based real estate developer with interests in Mumbai, Bengaluru, Nasik, etc has come out with Secured NCD (non convertible debentures) to raise Rs 200 Crores.<br \/>\nThe company plans to use the proceeds of the issue to finance its DSK Dream City, an integrated township spread across more than 200 acres on the Pune-Sholapur road near Pune and few other projects under development and general corporate purpose.<\/p>\n<h2 style=\"text-align: justify;\">D S Kulkarni NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>Offer Period:<\/strong> August 4 \u2013 August 26, 2014<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Annual Interest Rates for Retail Investors: 12.50% to 13.00% depending on tenure<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>Additional 0.25% Interest<\/strong> to Senior Citizens, Women, Serviceman, Ex-Serviceman, Employees and Shareholders<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">There is also an option where the money doubles in 6 Years 6 Months (66 Months)<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Price of each bond: Rs 5,000<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>Minimum Investment:<\/strong> 5 Bonds (Rs 25,000)<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>Max Investment Limit for Retail Investor:<\/strong> Rs 5 Lakhs<\/span><\/li>\n<li><strong><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Credit Rating: CARE BBB+<\/span><\/strong><\/li>\n<li><strong><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">All NCD option are Secured<\/span><\/strong><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The security is land bank valued at 1.5 times the amount raised by NCD<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Allotment: First Come First Serve<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Listing: <strong>Bonds would be listed on BSE<\/strong> and will entail capital gains tax on exit through secondary market<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\"><strong>NRIs cannot invest<\/strong> in the issue<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">You can subscribe both in Demat and Physical form<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">There is no TDS if the subscription is in Demat form while TDS @ 10% would be deducted on interest received on Physical forms.<\/span><\/li>\n<\/ul>\n<blockquote><p><span style=\"background-color: #ffcc00;\"><strong>Also Read<\/strong> &#8211; <span style=\"background-color: #ffffff;\"><a href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\"><span style=\"background-color: #ffffff;\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/span><\/a><\/span><\/span><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">D S Kulkarni NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 4 options of investment in DS Kulkarni NCD.<\/p>\n<figure id=\"attachment_5763\" aria-describedby=\"caption-attachment-5763\" style=\"width: 661px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-5763\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-Investment-Options-for-August-2014-Issue-1024x524.png\" alt=\"D S Kulkarni NCD - Investment Options for August 2014 Issue\" width=\"661\" height=\"338\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-Investment-Options-for-August-2014-Issue-1024x524.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-Investment-Options-for-August-2014-Issue-300x153.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-Investment-Options-for-August-2014-Issue.png 1048w\" sizes=\"(max-width: 661px) 100vw, 661px\" \/><figcaption id=\"caption-attachment-5763\" class=\"wp-caption-text\"><strong>D S Kulkarni NCD &#8211; Investment Options for August 2014 Issue<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">The Option III has Staggered Payment every year as follows:<\/p>\n<figure id=\"attachment_5764\" aria-describedby=\"caption-attachment-5764\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5764 size-full\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-Staggered-Payment-for-Option-3-e1407264492963.png\" alt=\"D S Kulkarni NCD - Staggered Payment for Option 3\" width=\"600\" height=\"529\" title=\"\"><figcaption id=\"caption-attachment-5764\" class=\"wp-caption-text\"><strong>D S Kulkarni NCD &#8211; Staggered Payment for Option 3<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Following are the classification of Investors:<\/strong><\/p>\n<ol style=\"text-align: justify;\">\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Category I is Institutional Investors<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Category II is Non-Institutional Investors<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Category III is Individual Investors<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\">80% of the Issue is reserved for Category III i.e, Retail Individual Investors<\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>interest offered<\/strong> is best among all the recent and listed NCDs or fixed income options<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">It\u2019s a <strong>well know listed company i<\/strong>n Real Estate space<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>NCD is secured<\/strong>. So in case of default by the company the land bank may be liquidated and investors might be paid back.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>rating is BBB+<\/strong> which indicates moderate credit risk.\u00a0<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The <strong>company operates in real estate<\/strong> and things have not been great for them from past several years. With over priced real estate the slowdown may continue leading to downgrading of credit rating.<\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial;\"><span style=\"-webkit-text-stroke-width: 0.15px;\">The <\/span><strong style=\"-webkit-text-stroke-width: 0.15px;\">profits have been declining<\/strong><span style=\"-webkit-text-stroke-width: 0.15px;\"> like most of real estate players. If the trend\u00a0<\/span>continues<span style=\"-webkit-text-stroke-width: 0.15px;\">\u00a0there may be\u00a0further credit risk.<\/span><\/span><\/li>\n<li><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Though NCDs are listed on stock exchange, <strong>the liquidity is very low<\/strong>. So it might be difficult to exit anytime you want. You might have to sell at discount to exit<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">If you have Demat account apply through that. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work<br \/>\nIn case you don&#8217;t have Demat Account, you can download the application form from company site or Financial Institutions and submit to collection centers.<\/p>\n<h2 style=\"text-align: justify;\">Conclusion:<\/h2>\n<ol>\n<li style=\"text-align: justify;\"><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">The DS Kulkarni NCD is <strong>high risk high return<\/strong> kind of investment. Its on you if you want to take that risk for fixed income investments.<\/span><\/li>\n<li style=\"text-align: justify;\"><strong><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">If you are too tempted with the interest offered, you might invest only a small percentage of your fixed income portfolio in this NCD<\/span><\/strong><\/li>\n<li style=\"text-align: justify;\"><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">You should always have diversified portfolio be it fixed deposit, NCD or equity investment<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"-webkit-text-stroke-color: initial; -webkit-text-stroke-width: 0.15px;\">Its good idea to remain invested till maturity because liquidity on exchanges are low and hence you would get lower than market value<\/span><\/li>\n<\/ol>\n<h2>D S Kulkarni Secured NCD Advertisement:<\/h2>\n<figure id=\"attachment_5765\" aria-describedby=\"caption-attachment-5765\" style=\"width: 655px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-5765\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-Secured-NCD-Advertisement-August-2014-655x1024.jpg\" alt=\"D S Kulkarni Secured NCD Advertisement - August 2014\" width=\"655\" height=\"1024\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-Secured-NCD-Advertisement-August-2014-655x1024.jpg 655w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-Secured-NCD-Advertisement-August-2014-192x300.jpg 192w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-Secured-NCD-Advertisement-August-2014.jpg 696w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><figcaption id=\"caption-attachment-5765\" class=\"wp-caption-text\"><strong>D S Kulkarni Secured NCD Advertisement &#8211; August 2014<\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>D S Kulkarni Developers is Pune based real estate developer with interests in Mumbai, Bengaluru, Nasik, etc has come out with Secured NCD (non convertible debentures) to raise Rs 200 Crores. The company plans to use the proceeds of the issue to finance its DSK Dream City, an integrated township spread across more than 200 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,194],"tags":[2610,2608,2609,231],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",571,332,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest-300x174.png",300,174,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",571,332,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",571,332,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",571,332,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",571,332,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2014\/08\/D-S-Kulkarni-NCD-August-2014-Should-you-Invest.png",120,70,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":5,"uagb_excerpt":"D S Kulkarni Developers is Pune based real estate developer with interests in Mumbai, Bengaluru, Nasik, etc has come out with Secured NCD (non convertible debentures) to raise Rs 200 Crores. The company plans to use the proceeds of the issue to finance its DSK Dream City, an integrated township spread across more than 200&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/5761"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=5761"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/5761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/5762"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=5761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=5761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=5761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}