Thursday, September 30, 2010

IDFC Long Term Infrastructure Bonds


Issue Opens: September 30th 2010

Issue Closes: October 18th 2010

Bond Face Value & Issue Price: ` 5,000 per Bond

Minimum Subscription: ` 10,000 or 2 Bonds across different series (Available 4 series)

Maturity/Redemption:10 years from the deemed date of allottment

Lock in Period: 5 years from the deemed date of allottment

* PAN Card and Demat Account required


-ICRA Rating of "LAAA" , the highest credit quality rating

-Tax Benefit

-Listing at NSE & BSE

1 comment:

Vishal Sharma said...

IDFC's long-term infrastructure bonds, appears enticing only from a tax planning perspective, as an investment upto Rs 20,000 will be eligible for an additional (over and above Rs 1,00,000 benefit limit available under section 80C, 80CCC and 80 CCD of the Income Tax Act, 1961) tax benefit.
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