L&T Infrastructure Finance to raise at least Rs 300 crore via Tax Saving Bonds 2012

Current open Infra Bond Application form

 

Buy Tax Saving Mutual Funds Online

 

L&T Infrastructure Finance will be looking to raise at least ~300 crore by way of issuing the second tranche of tax-saving bonds in the current financial year. After mopping up ~530 crore through these bonds in the first tranche in November 2011, the infrastructure finance company is confident to raise a total of ~1,100 crore including the amount raised during the first tranche.

Although, L&T Infra got a good response in its maiden issue of tax saving bonds in November last year, the overall limit of ~1,100 crore was not exhausted.

The tenor of the bonds is 10 years and the coupon offered stands at 8.70 per cent, both on annual and cumulative basis.

The bonds have been rated AA+ by CARE and ICRA. They also have a buyback option after 5, 7 and 10 years.

While the market for tax-saving bonds is still picking up, L&T Infra feels that the government should give more incentive to investors to put in their money in this instrument. Currently, tax-saving bonds allow a tax-rebate only up to Rs 20,000 on taxable income.

 

---------------------------------------------

Application form for Tax Saving Infrastructure Bond and more information

 

Current open Infra Bond Application form

 

 

Submit filled up application    Collection canter near you

 

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also