L&T Infrastructure Bond 2011

L&T Infra brings you 2011A series of tax saving long term infra bonds that let you invest indirectly in infrastructure projects across the country. As per section 80CCF of income tax, you get a tax relief on maximum Rs. 20,000 investment. You also get interest upto 8.30% P.A.

Here’s a defined structure of interest rates and tax deduction under these bonds.You have 4 options you can pick and choose from as per your requirements.

Series	1	2
Frequency of Interest	Annual	Cumulative
Buyback Facility	Yes	Yes
Buyback Date	First Working Day after 7 years from the Date of Allotment	First Working Day after 7 years from the Date of Allotment
Interest Rate	8.20% p.a.	8.30% p.a. compounded annually
Maturity Date	10 years from the Date of Allotment.	10 years from the Date of Allotment.
Maturity Amount (Rs.)	1,000	2,220
Buyback Amount (Rs.)	1000 at the end of 5 yrs./1000 at the end of 7 yrs.	1490 at the end of 5 yrs./1748 at the end of 7 yrs
Buyback Intimation Period	The period commencing from 6 months preceding the corresponding Buyback Date and ending 3 months prior to the corresponding Buyback Date
Yield of the Bond on Maturity*	8.20% p.a.	8.30% p.a. compounded annually

 

* * As per 80CCF Notification, the Yield of the Bond (to be paid by the Issuer) shall not exceed the yield on government securities of corresponding residual maturity as reported by the Fixed Income Money Market and Derivatives Association of India (FIMMDA), as on the last working day of the month immediately preceding the month of the issue of the bond.

The investment made in these bonds will be eligible for tax benefits under Section 80 CCF of the Income Tax Act, 1961. The Table below provides the yield to the investors on maturity (with tax benefits) and the yield to the investors on buyback (with tax benefits) for the applicable tax rates

To Invest email at fd@moneyvriksh.com or call 9818716151

The Form will be uploaded soon. Download Prospectus from here

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Tags: Infrastructure Bonds, L&T

Category: Blog, Infrastructure Bonds, Tax Saving Scheme