Prajna Capital |
- How to Choose the Best Infrastructure Bond
- Axis Mutual Fund NFO - Axis Fixed Term Plan Series 18
- IDFC Mutual Fund NFO - IDFC Fixed Maturity Plan Yearly Series 49
- NCD issue from Muthoot Finance
- ELSS Mutual Fund List
- ING Mutual Fund - Change in Multi Manager Schemes
- L&T Mutual Fund new fund - L & T FMP V (February 90D A)
| How to Choose the Best Infrastructure Bond Posted: 14 Feb 2012 03:41 AM PST Infra bonds can save up to Rs 6,180, If you are in 30% tax bracket Infrastructure bonds are making a splash these days just in time before the end of the tax saving season in March. Currently, issues are open for subscription from
IDFC has already raised . 533 crore through its issue of infrastructure bonds which closed for subscription in December 2011. The company is likely to come up with its next tranche of these bonds soon. You can invest up to . 20,000 in these bonds and claim tax deduction under Section 80CCF. If you are in the highest tax bracket, you can save as much as . 6,180 by investing in these bonds. The . 20,000 limit for investment in infrastructure bonds is in addition to the . 1 lakh tax deduction limit available under Section 80C and hence merits investment. You can choose an issuer of these bonds based on the credit rating, interest rates offered and the financial credentials of the company. The Common Elements All issues have tenures of 10 years and 15 years. There is a buyback option at the end of five years from the date of allotment, and liquidity will also be offered by listing the bonds on the stock exchange once the mandatory lock-in period of 5 years is over. While the buy-back facility for the 10-year bonds is after 5 years, for the 15-year option it comes after 7 years. All of them provide annual and cumulative options of interest payment for both maturity tenors. You can choose to apply for only the 10- year bonds or only the 15-year bonds or a combination of the two. If you have a demat account you can apply in the demat mode, else you can even opt for physical certificates. If you are applying in the demat mode, you need to provide details of your demat account along with a copy of your Permanent Account Number (PAN) card, along with a cheque. However, if you are looking to invest in physical form, you need to attach a copy of your residence proof as well. The face value of each bond is . 5,000 and one has to make an application of one bond and in multiples of one bond thereafter. There is no upper limit on the amount you can invest. Only in the case of SREI Infra, the face value is . 1,000 and one can apply for a minimum of one bond. Choosing One Over Other The issues on offer differ in interest rates, ratings and buy-back options after the lock-in period. IFCI pays the highest interest amongst all of them. For a 10 year period, IFCI pays 9.09% while, REC pays 8.95%, PTC India Financial pays 8.93% and SREI Infra Finance pays 8.9%. For the 15 year tenure, IFCI pays 9.16% while all others pay 9.15%. While REC and IFCI are owned by the government, PTC India Financial Services parent namely PTC, is a government promoted public private partnership and SREI Infra is a private player.
Infrastructure bonds are the only products available under Section 80CCF and hence investors would do well to take advantage of this and save tax. However, experts advise against investing more than . 20,000, as the interest income here is taxable. So if you are in the highest tax bracket, a return of 9% would translate into a post-tax return of 6.24%. As against this, tax-free bonds from public sector units like NHAI and PFC on offer would give you 8.3%. If your income is not taxable, bank FDs may offer you slightly higher returns, and with better liquidity. ---------------------------------------------
Application form for Tax Saving Long Term Infrastructure Bond
Current open Long Term Infra Bond Application form
Submit filled up application Collection canter near you
--------------------------------------------- Invest Tax Saving Mutual Funds Online
Download Tax Saving Mutual Fund Application Forms from all AMCs 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  |
| Axis Mutual Fund NFO - Axis Fixed Term Plan Series 18 Posted: 14 Feb 2012 02:56 AM PST Axis MF has announced that the NFO period of Axis Fixed Term Plan Series 18 (15 Months) under Axis Fixed Term Plan Series 17 19 has been preponded from February 27 to February 24. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ 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
------------------------------------------------ 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  |
| IDFC Mutual Fund NFO - IDFC Fixed Maturity Plan Yearly Series 49 Posted: 14 Feb 2012 02:25 AM PST IDFC Mutual Fund has announced that the closure date of new fund offer of IDFC Fixed Maturity Plan Yearly Series 49 has been extended to February 17. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ 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  |
| NCD issue from Muthoot Finance Posted: 14 Feb 2012 12:41 AM PST MUTHOOT Finance on Monday said it has filed a draft prospectus with the BSE for a public issue of secured non-convertible debentures (NCDs) of face value of Rs 1,000 each. The company plans to issue NCDs aggregating up to Rs 250 crore with an option to retain oversubscription up to Rs 250 crore for issue of additional NCDs, aggregating to a total of up to Rs 500 crore. The issue is expected to be launched in the February-March, a company statement said. ICICI Securities, HDFC Bank, JM Financial Consultants, Karvy Investor Services, RR Investors Capital Services and YES Bank are the lead managers to the issue. IDBI Trusteeship Services will act as the debenture trustee for the issue. The issue is rated by Crisil and Icra with AA-stable rating. Earlier in the months of August, 2011 and January, 2012, company raised Rs 693 crore and Rs 459 crore, respectively, through similar issues, the release said. "The objective of the issue is to diversify the resource profile of the company as well as to seek wider participation from retail investors. We expect the issue to provide an attractive investment option to retail investors, HNIs, companies and institutions," George Alexander Muthoot, managing director, Muthoot Finance said. ------------------------------------------------ Apply for Muthoot Finance NCD forms below Download Muthoot Finance 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ 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  |
| Posted: 13 Feb 2012 10:04 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. Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| ING Mutual Fund - Change in Multi Manager Schemes Posted: 13 Feb 2012 09:22 PM PST
ING Mutual Fund has announced to delete the word "OPTIMIX" from the name of all multi manager schemes with effect from March 21, 2012. Investors are being given an option of exit without paying any exit load from February 20, 2012 to March 20, 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ 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
------------------------------------------------ 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  |
| L&T Mutual Fund new fund - L & T FMP V (February 90D A) Posted: 13 Feb 2012 08:23 PM PST L&T Mutual Fund has launched a new fund named as L&T FMP V (February90D A). The new fund offer issue will be closed for subscription on February 14. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ 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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