Indian Railway Finance Corporation (IRFC) Tax Free Bonds
IRFC have come up with tax free bonds for investors in India. The issue starts from 28th Feb, 2014 to 7th March, 2014. IRFC is a fully owned subsidiary of Government of India which means that it is highly secured bonds & so it has got AAA rating. The issue size is of 1500 cr which can be oversubscribed 2916 cr. Interest earned is fully tax free which gives an extra boost to your investor. This also means that gross returns are as high as 13% (considering you are in highest tax bracket). Net interest is approx 8.5%. Tenure is 10 & 15 Years. Interest paid on annual basis.
Free Express Tips Review: I recommend people to buy this bond as the returns are attractive and tax free with full guarantee. Also Interest rate may come down in coming years and investing in this bonds gives you long term safety of interest.
No comments:
Post a Comment