HUDCO Tax Free Bonds
Housing & Urban Development Corporation (HUDCO) has launched tax free bonds with interest rate 7.51% for 10 years and 7.75% for 15 years. The minimum investment is one bond which is of Rs. 1 lakh only. HUDCO is a government organization (PSU) and a premier techno financing institution of India in the field of housing & urban development. So, the deposit can be considered default risk free
Check details of HUDCO BONDS SERIES B (Tax Free) in new post.
- Start Date: 29-September-2011
- Last Date: 12-October-2011
- One Bond: Equals Rs. 1,00,000
- 10Year: 7.51%
- Tax equivalent yield with 10% tax rate = 8.33%
- Tax equivalent yield with 20% tax rate = 9.39%
- Tax equivalent yield with 30% tax rate = 10.73%
- 15 year: 7.75%
- Tax equivalent yield with 10% tax rate = 8.61%
- Tax equivalent yield with 20% tax rate = 9.69%
- Tax equivalent yield with 30% tax rate = 11.07%
- Interest is tax free
- For application form, visit www.moneyvriksh.com/investnow
Our Review : Should You Invest
We believe the growth story of India is intact. So, its better not to lock your fund in fixed rate fund for such a long time (10-15 years). In ELSS mutual fund, you may get better return if you keep you fund invested for long term. Also, you are getting better yield in corporate NCDs
The investors in 30% tax slab can consider investing if you believe in safety-first criterion. For any query, please leave comment below
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Category: Fixed Deposit, Tax Saving Scheme
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