Skip to main content

IDFC infrastructure bonds Details - open as on 21 Nov 2011


IDFC Ltd. was incorporated in 1997 and got listed in August 2005. It is one of the leading knowledge driven financial services company in India and plays a central role in advancing infrastructure development in the country. Company has been classified by RBI as an Infrastructure Finance Company.



Key Highlights:



1. Investment upto Rs. 20,000 in IDFC Infrastructure Bonds – Tranche 1 will be eligible for exemption under section 80CCF of the Income Tax Act, 1961



2. Interest rate under both the options is 9% per annum. Interest under option 1 will be payable annually and interest under option 2 will be payable cumulatively (compounded annually)


3. Buyback facility is offered under both the options at the end of 5 years and one day from the Deemed Date of Allotment

4. Maturity will be at the end of 10 years from the Deemed Date of Allotment

5. Minimum Investment required in IDFC Tranche 1 Issue is Rs. 10,000.

6. Investors will be having an option to hold the Bonds in physical form or demat form.

7. ICRA has assigned (ICRA)AAA rating and Fitch has assigned Fitch AAA(ind) rating to the bonds proposed to be issued. These are the highest credit ratings awarded by these rating agencies


How Much Interest rate in this Bond ?



Interest rate under both the options is 9% per annum.

Tax Benefit adjusted rate of returns (pre-tax) to Investors on Buyback (5year)




















Series


1


2


Tax Slab - 30.90%


19.1%


17.4%


Tax Slab - 20.60%


15.2%


14.2%


Tax Slab - 10.30%


11.8%


11.4%



Tax Benefit adjusted rate of returns (pre-tax) to Investors on Maturity




















Series


1


2


Tax Slab - 30.90%


15.2%


13.1%


Tax Slab - 20.60%


12.8%


11.5%


Tax Slab - 10.30%


10.7%


10.2%



-----------------------------------------------------------------



Also, know how to buy mutual funds online:



Invest in DSP BlackRock Mutual Funds Online



Invest in Reliance Mutual Funds Online



Invest in HDFC Mutual Funds Online



Invest in Sundaram Mutual Funds Online



Invest in Birla Sunlife Mutual Funds Online



Invest in IDFC Mutual Funds Online



Invest in UTI Mutual Funds Online



Invest in SBI Mutual Funds Online



Invest in L&T Mutual Funds Online



Invest in Edelweiss Mutual Funds Online




Labels

Labels:

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
Read more

Total Returns Index brings out real Equity Funds Performers

From February, equity mutual funds have to change their benchmarks to account for dividend payments. Until now, funds used price-based benchmarks alone. TRI or total return indices assume that dividend payouts are reinvested back into the index. What this does is lift the overall index returns, because dividends get compounded. For example, the Sensex TRI index will consider dividend payouts of its constituent companies while the Nifty50 TRI index will consider dividends of its constituents. Using TRI indices as benchmarks comes on the argument that an equity funds earn dividends on the stocks in its portfolio, which they use to buy more stocks. Therefore, using an index that also considers dividend reinvestment would be a more appropriate benchmark. Shrinking outperformance With a stiffer benchmark, it is obvious that the margin by which an equity fund outperforms the benchmark would shrink. Rolling one-year returns from 2013 onwards, the average margin by which largecap funds out...
Read more

Stock Review: Havells

HAVELLS India's stock performance has been muted in the past three months, in line with the weak broader market. But, given the turnaround in its overseas subsidiary and the launch of new products in its consumer durable business, the company's stock may undergo a re-rating.    Havells is India's leading consumer electrical goods company, with consolidated sales of . 5,527 crore in the past four quarters. Its wholly-owned subsidiary Sylvania, which makes lighting and fixtures, has established brands in European, Latin American and Asian markets. Sylvania repre sented nearly half of the company's consolidated revenues in the first half of FY11.    Sylvania's poor financials hit Havells' consolidated performance in FY10. But, this has changed in the cur rent fiscal. Havells has reduced fixed costs of Sylvania by exiting from unprofitable businesses and outsourcing manufacturing to low-cost locations such as India and China. In the September 2010 quarter, Sylv...
Read more

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...
Read more

Health for Wealth - How to buy Health Insurance ?

Tax Saving Mutual Funds Online Current open Infra Bond Application form   HEALTH insurance is a relatively new phenomenon in India. Hence, it is not on the top of the mind for most people to make a conscious commitment towards health insurance. However, it is imperative for each one of us to plan for better health for our families and ourselves. There's no better way than to start with making health your top priority this year. So, your health insurance resolution charter would look something like: ■ Invest in health for wealth: Timely investment in health insurance can help build a security net and hedge sudden dilution of another financial asset class in the event of a health emergency, making it imperative to opt for a comprehensive health insurance plan. ■ Buy a comprehensive health cover that fu lfills your health needs for life: Buy a personal health insurance cover even if you have an employee cover because 'employer provided' health insuranc...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now