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THERE seems to be a mad rush from companies to tap the bond market, as attractive interest rates is being used as a tool to lure investors for raising funds in the light of uncertain equity markets.

On Wednesday, IDFC launched its second tranche of tax-saving infrastructure bonds, looking to raise funds from the maximum limit of Rs 5,000 crore, after mopping up Rs 533 crore from its first tranche of bond issuances in December.

It is learnt that after a big-bang fund mop-up by the government-controlled NHAI and PFC, another government firm Housing and Urban Development Corporation (Hudco) will soon look to raise up to Rs 4,685 crore through taxfree bonds.

IDFC, after having raised Rs 533 crore from the first installment last year, can now raise up to Rs 4,400 crore through issuance of a secured, redeemable, non-convertible debentures, officials told reporters.

This product is relatively well understood by people now. We certainly believe IDFC is well-placed to raise funds and deploy it in the country's infrastructure projects. From retail investors' perspective, they are buying debt into highest credit quality rating organisation. IDFC, an integrated infrastructure finance company, is offering bonds at an interest rate of 8.70 per cent per annum, which is payable annually or compounded annually. In its first tranche, the company was offering 9 per cent, but with 10-year bond rate easing in December, the rate of interest also softened marginally.

Credit rating firms, Icra and Fitch, have assigned 'AAA' rating for the company's bonds, indicating stable outlook.

The bonds, which are open for subscription from January 11, will close on February 25. Earlier this week, L&T Infrastructure Finance said it would look to mop up Rs 300 crore through tax-saving bonds at 8.70 per cent per annum.

The second tranche of long-term infrastructure bonds will provide tax benefits to salaried employees under Section 80CCF of the Income Tax Act, 1961.

The bonds can be redeemed after 10 years from the date of allotment, while it have a buy-back option at the end of five years, the release said.

The funds raised through the issue of bonds will be utilised towards infrastructure lending in accordance with statutory and regulatory requirements of the Reserve Bank of India and ministry of finance.

The lead managers to the bond issue are Karvy Investor Services, HDFC Bank (investment banking division), ICICI Securities, JM Financial Consultants and IDFC Capital.

While tax-saving bonds are being pushed aggressively to woo the salaried class ahead of the financial year end, companies are also issuing tax-free bonds, probably riding on the investors' sentiment which are looking to find safe haven in debt-related instruments.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Change in the Maximum Investment Amount HDFC Gold Fund

These Application Forms can be used for buying regular mutual funds also

Posted: 17 Jan 2012 03:17 AM PST

HDFC Mutual Fund has revised the maximum investment amount under the HDFC Gold Fund, with effect from January 13, 2012.

All applications for purchase of units of HDFC Gold Fund including additional purchase for an amount equal to or more than Rs.10 lakh will be accepted with payment mode only as RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), Funds Transfer Letter, Transfer Cheque of a bank where the scheme has a collection account. Presently, the maximum limit is Rs. 2 Lakh.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

UTI Mutual Fund New FMP

Posted: 17 Jan 2012 02:49 AM PST

Buy Tax Saving Mutual Funds Online

UTI Mutual Fund has announced the launch of new fund offer (NFO) of UTI FMP Yearly Series 01-12. The scheme will open for subscription from January 16.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

Infra bonds 2012

Posted: 17 Jan 2012 01:29 AM PST

Invest in Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100 and earn returns in excess of 9% over long period of time 10 to 15 years.

Download Infra Bond Application form below.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

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Invest in Tax Saving Mutual Funds (ELSS Mutual Funds) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

IFCI Long Term Infrastructure bonds Series IV Close is extended till 8th February 2012

These Application Forms can be used for buying regular mutual funds also

Submit filled up application Collection canter near you

Posted: 16 Jan 2012 11:32 PM PST

IFCI Long Term Infrastructure bonds - Series IV Issue that was earlier scheduled to close today have been extended till February 8th, 2012.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Income Tax Benefits under Section 80D

These Application Forms can be used for buying regular mutual funds also

Posted: 16 Jan 2012 11:15 PM PST

Buy Tax Saving Mutual Funds Online

Here is Complete information on income tax deductions under sections 80D which relate to medical expenses and health insurance / mediclaim. Good understanding will help you in substantial tax savings.

Every family has regular medical expenses. This may be towards a health insurance premium, or expenditure related to a family member's disability/critical illness. The Income Tax Act of 1961 has made provisions to reduce this burden through tax deductions under Income Tax section 80D, section 80DD, section 80DDB. Read on to understand how to use these sections to your benefit.

Section 80D in Respect to Health Insurance Premiums

Investments made towards payment of health insurance premiums, qualify for a tax deduction under section 80D.

Available Deduction - For individuals less than 65 years of age, amount of health insurance premium paid or Rs. 15,000, whichever is lesser. For senior citizens above 65 years, amount of health insurance premium paid or Rs. 20,000, whichever is lesser.

A further deduction of Rs 15,000 could be claimed, for buying health insurance policy for your parents (Rs 20,000 if either of your parents is a senior citizen). This is irrespective of whether they're dependent on you or not. No deductions can be claimed for in-laws.

Scope of Deduction - Individual assesses can claim deduction for premiums paid towards health insurance of self, spouse, parents and children.

For HUF assesses, premium paid for insuring the health of any member of the HUF, can be used for deduction.

Key Factors to keep in mind

The premium may be paid by any mode of payment, other than cash.
The health insurance premium that you pay must be from the taxable income applicable for the year you claim. Premiums should not be from gifts received by you.
Part payment of premium is allowed. For example, suppose your parents contribute 50% of their health insurance premium and you pay the balance 50% of their premium. In such a case, you could avail the deduction for the amount contributed by you and your parents too could avail deduction for their contribution.

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

DSP BlackRock New Fixed Maturity Plan

These Application Forms can be used for buying regular mutual funds also

Posted: 16 Jan 2012 09:54 PM PST

Current open Infra Bond Application form

Buy Tax Saving Mutual Funds Online

Date of Opening Jan 17, 2012 (Tuesday)

Date of Closing Jan 18, 2012 (Wednesday) – All switches needed to submitted before 3:00 p.m. on the closing date– All applications need to be submitted before 4.00 p.m. on the closing date

Options Growth (Default option) and Div Payout

Min Application Rs.5,000/- and multiples of Rs.1/-thereafter

Date of Maturity April 18, 2012 (Wednesday)

Date of payout April 19, 2012 (Thursday)

Listing The units are proposed to be listed on BSE or any other recognized Stock Exchange as may be approved by the Trustee, within 5 business days from the date of allotment

Loads Entry Load – NIL

Exit Load – Not Applicable (The Units under the schemes cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchange/s)

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

These Application Forms can be used for buying regular mutual funds also

---------------------------------------------

Application form for Tax Saving Infrastructure Bond and more information