Oct 1, 2010

IDFC Long Term Infrastructure Bonds October 2010

Long term infrastructure Bonds
 
What are infrastructure bonds?
In 2010, the government introduced a new section 80CCF under the income tax act to provide for income tax deductions for subscription in long-term Infrastructure Bonds. These bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly.

Long term infrastructure Bonds by IDFC

The issue of Infrastructure bonds by IDFC is the first public issue of Long-term infrastructure bonds. These bonds have got a very high rating of LAAA by rating agency ICRA.


Series
1
2
3
4
Face Value
Rs 5000 per Bond
Minimum number of Bonds per application* Two Bonds and in multiples of one Bond thereafter.
For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series. 
Interest payment
Annual
Cumulative
Annual
Cumulative
Interest  Rate
8.00% p.a.
N.A.
7.50% p.a.
N.A.
Maturity Amount per Bond
Rs. 5,000
Rs. 10,800
Rs. 5,000
Rs. 10,310
Maturity
10 years from the Deemed Date of Allotment
Yield on  Maturity
8.0%
8.0% compounded annually
7.50%
7.50% compounded annually
Buyback Facility
N.A.
N.A.
Yes
Yes
Yield on Buyback
N.A.
N.A.
7.50%
7.50% compounded annually
Buyback Amount
N.A.
N.A.
Rs. 5,000 per Bond Rs. 7,180 per Bond

Tax adjusted yield to investors

Investment Amount Tax Slabs
20000
Series 1 Series 2 Series 3* Series 4*
30.90% 13.89 12.06 17.19 15.74
20.60% 11.57 10.52 13.41 12.57
10.30% 9.64 9.18 10.23 9.86

Invest in IDFC Bonds Today
  • The bonds don't attract any TDS
  • The interest accrued on the bonds will be credited to the respective bank registered with the demat account through ECS on the due date for interest payment
  • The bonds will be listed on NSE and BSE and can be traded after the 5 year lock-in period
  • Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
  • An investor would need a demat account and pan card to invest in these bonds.
  • The bonds will be issued only to Resident Indian individuals (major) and HUF
  • An applicant may subscribe to all the four options but the minimum application under each option shall be one bond i.e., Rs. 5,000
  • Interest on the bonds shall be payable on annual or cumulative basis depending on the series selected by the bond holders

To Apply for above Schemes, Call: 0-991-000-9312, 0-9873-016-716 | Email: info@safeinvestindia.com

Contact Us

Email: info@safeinvestindia.com | Phone: 0-981-826-9396 | Fill Inquiry Form Click Here

Invest Online

For Quick Navigation

54EC Bonds AA Rated AA+ BONDS AA+ FD AAA RATED Allotment Status Asset Allocation Assured Return Project Bhiwadi Real Estate Bonds BSLI Capital Gain Bonds Capital Protection Funds Commercial Property Company FD News corporate fd Corporates Debenture Debt Funds Delhi Real Estate DHFL Dwarka Expressway Economy Updates Faridabad Real Estate FD Schemes Financial Planning FIXED DEPOSIT RATES Fixed Maturity Plans FMP Fund Manager Speaks Ghaziabad Real Estate GOLD Government Saving Schemes Greater Noida Real Estate Guest Article Gurgaon Real Estate HDFC Health Insurance Health Policy home loans IIB Inflation Indexed Bonds Infrastructure Bonds Investor Guide IPO Updates Jaiprakash Fixed Deposit Latest FD Schemes Life Insurance Plans Liquid Fund Ludhiana Real Estate Mahindra Finance FD Manufacturing Companies FD Market Updates Mediclaim Policy MF ELSS MF Schemes Mutual Funds NABARD Bonds NBFC Fixed Deposits NCD NCD Issue NCD Listing New Launch NFO's Noida Extn Noida Real Estate Non Rated FD NRI Fixed Deposits NRI Investments online mutualfunds PAN Card Procedure PE Fund Plots PMS PNB Housing Post Office Schemes Private Equity Fund Private Placement PSU Bonds Public Issue Rated FD Schemes RBI Bonds Real Estate Fixed Deposits Real Estate Fund Reality Retirement Planning RGESS Secured Bonds Secured NCD Shriram Transport Deposits SIP SIP Recommendation Small Saving Sohna Real Estate STFC Deposits Tax Free Bonds Tax Saving Schemes Tax Saving Tips Union Budget 2013 Unitech Fixed Deposits Updates in FD Rates Yamuna Expressway

Post your Queries with Name, Contact Number & Scheme interested in.

Click Here - Contact Us We will give you a call back.

For Fixed Deposits

Disclaimer

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

Followers