Categories: BondsFixed IncomeInfrastructure BondTax SavingTaxes

Infrastructure Bonds available in March 2012 – IFCI, L&T, PFS & IDFC Infrastructure Bond

Infrastructure Bonds - Invest to Save Tax

If you have still not invested in infrastructure bonds and still looking for investing for saving income tax , you have four options:

IFCI Infrastructure Bond – Series V
L&T Infrastructure Bond
PFS Infrastructure Bond
IDFC Infrastructure Bond – Tranche III

Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window to save tax upto Rs 20,000, over and above the Rs One lakh limit already available.

The table below summarizes the options available.

Infrastructure Bonds	Minimum Amount	Interest Rate	Maturity Date	Maturity Amount*	Close Date
IFCI Infrastructure Bond – Series V	5,000	8.72%	15 Years	70,093	27-March-12
IFCI Infrastructure Bond – Series V	5,000	8.50%	12 Years	53,234	27-March-12
L&T Infrastructure Bond	5,000	8.70%	10 Years	46,060	12-March-12
PFS Infrastructure Bond	5,000	8.93%	15 Years	74,368	23-March-12
PFS Infrastructure Bond	5,000	9.15%	10 Years	46,684	23-March-12
IDFC Infrastructure Bond	10,000	8.43%	10 Years	44,928	30-March-12

* Maturity Amount is assuming investment of Rs 20,000 in cumulative scheme till Maturity period of the scheme.

IFCI Infrastructure Bond – Series V Details:

Options for Subscription	I	II	III	IV
Frequency of Interest Payment	Cumulative	Annual	Cumulative	Annual
Coupon (% p.a.)	8.50%	8.50%	8.72%	8.72%
Tenor	12 years	12 years	15 years	15 years
Maturity Date	31-Mar-24	31-Mar-24	31-Mar-27	31-Mar-27

Credit Rating:

‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited
CARE’A+’ by CARE Ratings (Credit Analysis & Research Ltd.)
‘(ICRA)A’ by ICRA Limited

Other Details:

Face value: Rs. 5,000 per bond
Minimum Application Rs. 5,000/- (i.e. 1 Bond)
Application in multiples of Rs. 5,000/- (i.e. 1 Bond)
Lock-in period 5 years from the Deemed Date of Allotment
Deemed Date of Allotment: March 31, 2012
Proposed to be listed on Bombay Stock Exchange (BSE)

Download Application form here.

L&T Infrastructure Bond Details:

Options for Subscription	I	II
Frequency of Interest Payment	Annual	Cumulative
Coupon (% p.a.)	8.70%	8.70%
Tenor	10 years	10 years
Maturity Date	31-Mar-24	31-Mar-24
Buyback Amount (Rs. / Bond)	Rs. 1,000 at the end of 5 years / Rs. 1,000 at the end of 7 years	Rs. 1,517.57 at the end of 5 years / Rs. 1,793.11 at the end of 7 years

Credit Rating:

CARE’AA+’ by CARE Ratings (Credit Analysis & Research Ltd.)
‘(ICRA)AA+’ by ICRA Limited

Other Details:

Face value: Rs. 1,000 per bond
Minimum Application Rs. 5,000/- (i.e. 5 Bond)
Lock-in period 5 years from the Deemed Date of Allotment

Download Application form here.

You might want to look here for calculating effective yield and knowing more details of these bonds.

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.