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




Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...

Perpetual SIP - Its Advantages

Retail investors have taken a fancy to investing in mutual funds through systematic investment plans (SIPs). As per industry estimates, Rs 4,000 crore flows into SIPs every month. One way to take advantage of SIPs in a true long-term manner is to opt for a perpetual SIP 1. What is a perpetual SIP? In an SIP , you make periodic investments in a mutual fund scheme of your choice generally every month for a pre defined tenure. While signing up an SIP mandate , you have the option to leave the end-date column blank. If the column is blank, it means the investor has opted for a perpetual SIP . Most fund houses assume this SIP will continue till December 2099 unless you give a written communication to stop it. However, some fund houses require you to tick the `perpetual option'. 2. What are the advantages of perpetual SIPs? Registering an SIP involves a lot of paperwork and it takes time. It is observed that many investors skip their SIP instalments when they go for short-tenure option...
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