Prajna Capital |
- Review of ICICI Prudential Tax Plan
- Review of Taurus Tax Shield
- IIFCL Tax Free Bond Issue offers 7.90% returns
| Review of ICICI Prudential Tax Plan Posted: 31 Dec 2012 04:10 AM PST
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 31 Dec 2012 04:00 AM PST Aim: Invest in medium and large sized high growth companies with competitive advantages and financial strength Performance Driver: Why Invest? Flipside: The fund's few contrarian bets may impact short-term performance Invest if: You are looking for tax deductions on investments with equity exposure but low risk tolerance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IIFCL Tax Free Bond Issue offers 7.90% returns Posted: 31 Dec 2012 03:52 AM PST STATE-owned India Infrastructure Finance (IIFCL) on Monday said it plans to raise up to Rs 9,215 cr through tax-free bonds to fund infrastructure projects in the country. "We plan to raise Rs 1,500 crore with greenshoe option up to the shelf limit of Rs 9,215 crore on firstcome first-serve basis," IIFCL chairman and managing director S K Goel said here. "These funds will be utilised to provide longterm funding to PPP projects in the sectors like power and infrastructure," he said. There will not be any tax implication at the time of investment in these bonds, while interest earned from the bonds is tax free. Investors have an option to invest for 10 years, 15 years and 20 years and the bonds with no-lock in period would be listed at the BSE. The minimum amount of application is Rs 5,000 with face value of Rs 1,000 per bond. Giving details of the bonds, Goel said retail investors will get 50 basis points higher return compared with other categories like qualified institutional buyer (QIB), high net worth individuals (HNI) and companies. For retail investors, the bonds carry a coupon rate of 7.69 per cent for 10 years, 7.86 per cent for 15 years and 7.90 per cent for 20 years, he said. The coupon rate applicable for the other categories of investors shall be lower by 50 basis points 7.19 per cent for 10 years and 7.36 per cent for 15 years and 7.40 per cent for 20 years. The issue will open on December 26 and closes on January 11. As per the Budget proposal, IIFCL was allowed to raise Rs 10,000 crore from the tax-free bonds during 2012-13. Of this, it has raised Rs 785 crore from private placement. Asked if IIFCL has requested government for allowing infrastructure financing institutions to raise funds through taxsaving bonds, he said, it is always our wishlist to get access to cheaper sources of funds. It is up to the government to allow or not. IIFCL has set a target of Rs 30,000 crore loan disbursement for this financial year. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- 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 )
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment