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BONDS

Bonds are debt securities in which the issuer owes a debt and is obliged to pay coupon and to repay at a later specific period.
It is like a loan.
Public authorities, Credit institutions and Companies can issue Bonds.

Tax Saving Bonds u/s 80CCF

Tax saving bond u/s 80CCF is for those investors who have taxable income even after deduction of Rs. One lakh u/s 80C. These types of bonds are designed to partially or fully release a bond holder from the burden of taxes. Investment upto Rs. 20,000/- in these bonds is exempt from tax. Besides tax saving purpose, investors are also eligible for interest

However, tax is deductible from the interest earned.

Tax Free Bonds

Tax free bonds are those in which tax is exempt for interest earned, ie; investors will get full interest payment without any tax deduction during the term of investment.

Infrastructure Bonds

In the Union Budget 2011-12, the Government retained the additional income tax benefit of Rs 20,000/- available under section 80CCF of the Income Tax Act, 1961 for investments made in long-term infrastructure bonds (as notified by the Central Government). This move is intended to provide a fillip to the infrastructure finance and provide an opportunity to individual tax payers to reduce their tax liability.

Minimum tenure of Infrastructure Bonds is 10 years. There will be a lock-in period of 5 years. After the lock-in period, the investor may exit either through the secondary market or through a buyback facility, as specified by the Issuer in the offer document at the time of the issue. The interest received in these Bonds is not tax free. The investor is liable to pay tax on the interest received.

Who can Apply

The following categories of persons are eligible to apply in the Issue:
  1. Indian nationals resident in India, who are not minors, in single or joint names (not more than three); and
  2. Hindu Undivided Families or HUFs, in the individual name of the Karta. The Applicant should specify that the Application is being made in the name of the HUF in the Application Form as follows: “Name of Sole or First Applicant: XYZ Hindu Undivided Family applying through XYZ, where XYZ is the name of the Karta”. Applications by HUFs would be considered at par with those from individuals.

For Details, contact Sales & Distribution channel at 938744082

Currently available Tax Saving Infrastructure Bonds:

1.IFCI V

TYPE :    Tax Saving
CLOSES:    27th March 2012
COUPON RATE(%):    8.50 &8.72
OPTIONS:    Annual & Cumulative
TENURE:    12 & 15 years
LOCK-IN :    5 Years
BUYBACK:    5th &7th Years
RATING:    AA+ by CARE
FACE VALUE (Rs):    5000/-
MINIMUM AMOUNT (Rs):    5,000/-
CHEQUE IN FAVOUR OF:    IFCI Limited-Infra Bond 

2.PFC Series 86

TYPE :    Tax Saving
CLOSES:    23rd March 2012
COUPON RATE(%):    8.43 & 8.72
OPTIONS:    Annual & Cumulative
TENURE:    10 & 15 years
LOCK-IN :    5 Years
BUYBACK:    after 5 years
RATING:    AAA (CRISIL)
FACE VALUE (Rs):    5000/-
MINIMUM AMOUNT (Rs):    5,000/-
CHEQUE IN FAVOUR OF:    PFC Infra Bonds Collection A/c

3.PTC

TYPE :    Tax Saving
CLOSES:    27th March 2012
COUPON RATE(%):    8.93 & 9.15
OPTIONS:    Annual & Cumulative
TENURE:    10 & 15 years
LOCK-IN :    5 Years
BUYBACK:    after 5 years
RATING:    AA+(ICRA)
FACE VALUE (Rs):    5000/-
MINIMUM AMOUNT (Rs):    5,000/-
CHEQUE IN FAVOUR OF:    PFS Infra Bond Account

4.MUTHOOT FIN

TYPE :    NonConvertible Debenture
CLOSES:    09th April 2012
COUPON RATE(%):    13/13.25/13.43
OPTIONS:    Annual / doubling option
TENURE:    24,36,60 & 66 months
LOCK-IN :    NA
BUYBACK:    NA
RATING:    AA-/stable (CRISIL)
FACE VALUE (Rs):    1000/-
MINIMUM AMOUNT (Rs):    5,000/-
CHEQUE IN FAVOUR OF:    Muthoot Finance Ltd

5.MUTHOOT FINCORP

TYPE :    Non Convertible Deb
CLOSES:    31st March 2012
COUPON RATE(%):  13.25
OPTIONS:    Annual
TENURE:    18 & 36 months
LOCK-IN :    NA
BUYBACK:    NA
RATING:    A+ (CRISIL)
FACE VALUE (Rs):    10,000/-
MINIMUM AMOUNT (Rs):    10,000/-
CHEQUE IN FAVOUR OF:    Muthoot Fincorp Ltd

6.IDFC Tranche 3

TYPE :    Tax Saving
CLOSES:    30th March 2012
COUPON RATE(%):    8.43%
OPTIONS:    Annual & Cumulative
TENURE:    10 years
LOCK-IN :    5 Years
BUYBACK:    after 5 years
RATING:    AAA (ICRA and FITCH)
FACE VALUE (Rs):    5000/-
MINIMUM AMOUNT (Rs):    5,000/-
CHEQUE IN FAVOUR OF:    IDFC InfraBonds-Tranche 3

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