Invest in NHAI – National Highways Authority of India Tax Free Bonds
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Options |
Series – I |
Series – II |
| Face Value | Rs.1000/- | Rs.1000/- |
| Coupon Rate | 8.2% | 8.3% |
| Tenor | 10 Yrs | 15 Yrs |
| Interest Payment | Annual | Annual |
*Minimum Investment Rs.50000/- *Rated Highest by Crisil and Care *Will get listed on BSE and NSE *Issue open currently will close on 11/Jan/2012 (last date for us 10th)
VRIDHI’s point of view: The Post-Tax Yield from these Bonds will be higher for the Investors in the 20% and 30% Tax Bracket & wanting to invest in fixed deposits.
Finance Minister has presented the Direct Tax Code Bill, 2010, which is proposed to be effective from April 1, 2012. The DTC Bill is likely to be presented before the Indian Parliament thereafter. Accordingly, it is currently unclear what effect the Direct Tax Code would have on the investors.
Visit us for investing.
Click Here for our address. Email us on contactVRIDHI@gmail.com in case you require soft copy of the form which you can fill and send it to us later.
Posted on 30/12/2011: The NHAI bonds have been oversubscribed on day 1 itself. Other bonds are now open.
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