Prajna Capital

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• Sundaram Tax Saver Online
• ELSS Fund
• IDFC Infrastructure Bond
• Best ELSS Funds
• Tata Mid Cap Fund and Tata Capital Builder Fund are Merged with Tata Growth Fund
• Indian Railway Finance Corporation Tax Free Bond
• Download HUDCO Tax Free Bond Application Form
• Tax Saving Investment
• Principal Emerging Bluechip Fund - Change in Fundamental Attribute
• ELSS Mutual Funds 2012 Online Invest
• Infra Bonds
• Hudco will raise Rs 5,850 cr through tax free bonds

Sundaram Tax Saver Online Posted: 01 Feb 2012 05:02 AM PST Invest in Tax Saving Mutual Funds from Sundaram ( Sundaram ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Sundaram Tax Saving Mutual Funds Online Sundaram Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Sundaram Tax Saving Mutual Fund Application Forms from all AMCs Download Sundaram Tax Saving Mutual Fund Application Forms   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver   --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you     Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ELSS Fund Posted: 01 Feb 2012 03:35 AM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IDFC Infrastructure Bond Posted: 01 Feb 2012 12:44 AM PST Invest in IDFC 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. These long term infrastructure bonds offer an additional window of tax deduction of investments up to 20,000 for the financial year 2011-12. This deduction is over and above the 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Download IDFC Infra Bond Application form below. IDFC Infra Bond Application form   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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Best ELSS Funds Posted: 31 Jan 2012 11:23 PM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tata Mid Cap Fund and Tata Capital Builder Fund are Merged with Tata Growth Fund Posted: 31 Jan 2012 09:34 PM PST   Tata Mutual Fund has announced the merger of Tata Mid Cap & Tata Capital Builder Fund with Tata Growth Fund effective from February 24, 2012. After the merger, the investment focus of Tata Growth Fund will be towards mid cap stocks.   Investors may exit the fund without paying any exit load till February 24, 2012.   --------------------------------------------- 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Indian Railway Finance Corporation Tax Free Bond Posted: 31 Jan 2012 06:45 PM PST Download IRFC Tax Free Bond Application Forms Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   Brief Introduction of the company   Ø        Financing arm of the Indian Railways, notified as a Public Financial Institution under Section 4A of the Companies Act, 1956.   Ø        Registered as a NBFC-ND-IFC (Infrastructure Finance Company) with Reserve Bank of India. 100% shareholding held by Government of India. Consistently profit making Public Sector Undertaking. Consistently rated 'AAA' by CRISIL, ICRA and CARE   Ø        Impeccable track record of funding rolling stock asset creation worth Rs. 60,163 crore (5,060 locomotives, 32,115 passenger coaches and 1,39,659 freight cars) for Indian Railways so far, besides providing funding support of Rs. 2,294 crore to other Railway entities such as Rail Vikas Nigam Ltd., Rail Tel Corporation of India Ltd. Etc   Ø        Networth as on September 30, 2011 is Rs 4487.49 crores. Net Profit after Tax as on September 30, 2011 is 201.52 crores and it stood at Rs.485.20 crores for year ended March 31, 2011 compared to Rs 442.69 crore in March 31, 2010.     Issue details:   Issuer Indian Railway Finance Corporation Limited Issue of Bonds Secured, Redeemable, Non-Convertible bonds in the nature of debentures, having benefits under section 10(15)(iv)(h) of the Income Tax Act, 1961 Issue Size Rs 3,000 crores with an option to retain oversubscription up to ` 6,300 crores (Shelf-limit) Issue Open Date 27th January, 2012 Issue Closing Date 10th February, 2012 Face Value (Rs.) ` 1,000 per Bond Minimum Application ` 10000 (10 Bonds) & in multiples of ` 5000 (5 Bonds) Tenor/Redemption Date 10 Years and 15 Years from the deemed date of allotment Ratings "CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE & "ICRA AAA" by ICRA Security Charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches by way of first/ pari passu charge, present and future, as may be agreed between IRFC and the Trustee, pursuant to the terms of the Debenture Trust Deed Trading Compulsorily in dematerialized form Issuance In dematerialized form as well as physical form, at the option of Applicants. Lead Managers A. K. Capital Services Ltd., SBI Capital Markets Ltd. & ICICI Securities Ltd. Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd Trustee Indian Bank Allocation Category I (QIB+ Corporate)- up to 45% Category II (Individual above 5 Lakhs)- up to 25% Category III (Individual below 5 Lakhs)- up to 30% Listing Proposed to be listed on BSE & NSE Interest on Application Money used towards allotment of bonds @ 8.00% p.a. on the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment Interest on Application Money which is liable to be refunded @ 4.00% p.a. on application money that is liable to be refunded to the Applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/ demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later, upto one day prior to the Deemed Date of Allotment. Provided that IRFC shall not be liable to pay any interest on monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn by the applicant.     Issue Closing date - 10 Feb 2012    The bonds will be listed on the BSE. Options I II Tenor 10 Years 15 Years Face Value(Rs./Bond) `1,000.00 `1,000.00 Minimum Application Size ` 10000 or 10 Bonds ` 10000 or 10 Bonds In Multiples of ` 5000 or 5 Bonds ` 5000 or 5 Bonds Coupon Rate (%)p.a. Retail (Category III) 8.15%* 8.30%* Others (Category I & II) 8.00% 8.10% Interest Payment Annually Annually Interest Payment Date October 15, every year October 15, every year Redemption Date 10 Years from the Deemed Date of Allotment 15 Years from the Deemed Date of Allotment Maturity Amount Face Value + Interest Accrued at the Redemption Date Face Value + Interest Accrued at the Redemption Date   Highlights of Tax Benefits   Ø       The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act.   Ø       There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors.   Ø       Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.     --------------------------------------------- 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you       Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Download HUDCO Tax Free Bond Application Form Posted: 31 Jan 2012 09:06 AM PST How to apply for HUDCO Bonds ? HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tax Saving Investment Posted: 31 Jan 2012 08:58 AM PST 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Principal Emerging Bluechip Fund - Change in Fundamental Attribute Posted: 31 Jan 2012 08:29 AM PST   Principal Mutual Fund has revised the definition of small cap stocks for Principal Emerging Bluechip Fund. Now, the small cap stocks will be identified as bottom five stocks of CNX Midcap Index in respect of market capitalization on the last trading day of the preceding calendar quarter. Then, the average market cap for the last five trading days will be computed. Therefore, the market cap of a small cap stock should be less than the average market cap computed above   --------------------------------------------- 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ELSS Mutual Funds 2012 Online Invest Posted: 31 Jan 2012 07:48 AM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Infra Bonds Posted: 31 Jan 2012 07:27 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 with some of them earn returns in excess of 9% over long period of time 10 to 15 years. These long term infrastructure bonds offer an additional window of tax deduction of investments up to 20,000 for the financial year 2011-12. This deduction is over and above the 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Download Infra Bond Application form below. Current open Infra Bond Application form   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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Hudco will raise Rs 5,850 cr through tax free bonds Posted: 31 Jan 2012 07:20 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   Housing and Urban Development Corp (Hudco), the state-run techno- financial institution catering to housing and urban infrastructure requirements, may be allowed to issue tax-free bonds for funding core infrastructure projects. It may need to raise Rs 5,850 crore over the next seven years to fund the projects.   A high-powered committee headed by former finance secretary Ashok Jha to rejuvenate Hudco has recommended that the government-owned enterprise should be permitted to raise funds under the purview of municipal tax-free bonds. This will enable Hudco to sanction more loans for housing and core infrastructure projects. The government is considering the recommendations and an appropriate decision will be taken soon. At present, municipal bonds are raised only by urban local bodies for capital investment in setting up of urban infrastructure projects in areas such as urban transport, roads, bridges, portable water supply, sanitation and solid waste management. The committee said the government has already provided for a significant tax waiver under this scheme, which has not been availed fully by urban local bodies, "and thus the projected amount of bond issues remains unutilised". Hudco is expected to utilise the funds more efficiently compared to local bodies, where the money mostly lies idle as it is raised upfront, while the requirement for projects is in stages. Local bodies will be able to avail loans from Hudco as and when required, depending upon the progress of the project. The bonds are likely to be at a coupon rate of 8.25 per cent, which will result in savings of Rs 512 crore over seven years, assuming bonds will be redeemed in equal installments. This will enable Hudco to reduce the cost of funds for the sector and reduce the negative net interest margin of Rs 1,176 crore over the next seven years. The panel has also suggested that Hudco should be allowed to raise cheaper funds by issuing 54 (EC) bonds, which are marketed at 7.5 per cent, compared with Hudco's present borrowing cost of 12 per cent. Permission to issue these bonds may result in savings of Rs 608 crore in three years and address the asset-liability mismatch. The committee said that Hudco should be regulated by the Reserve Bank of India and not by National Housing Bank (its present regulator) because its portfolio comprises 65 per cent of infrastructure projects and only 35 per cent of housing projects. It has also supported restoration of equity support of Rs 100 crore per year to Hudco, which was discontinued in 2004 after the enterprise got 'miniratna' status.   --------------------------------------------- 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 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 Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

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