Inflation-Indexed Bonds Open Today

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The RBI has finally come out with the consumer-price linked Inflation-Indexed Bonds that it had promised when Raghuram Rajan had taken over as Governor

 

Reserve Bank of India launched the Inflation Indexed National Savings Securities - Cumulative (IINSS-C). The bond scheme aims to protect your savings from inflation and allow you to earn more interest on them.

 

The issue is open for subscription from December 23, 2013 to December 31, 2013. Applicants can invest a minimum of Rs 5,000, and maximum of Rs 5 lakh annually. The tenure of the bonds has been fixed at 10 years.

 

The bond will offer returns at base rate of 1.5 per cent, in addition to inflation rate based on CPI, compounded half-yearly.

 

Individuals, HUFs, Charitable Institutions and Universities are eligible to invest in the scheme.

 

Senior citizens can opt to redeem after one year and others after three years, following certain conditions mentioned in the issue. Investors can nominate one or more persons including NRIs. The security can also be pledged as collateral for taking loans.

 

Applicants should contact bank branches of SBI & Associates, Nationalised Banks, HDFC Bank, ICICI Bank, Axis Bank and SHCIL, to invest in the scheme.

Happy Investing!!

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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

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
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3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

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2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
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1. Reliance Equity Opportunities Fund
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4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund