The tax-free bond market is alive again, with NTPC hitting the street with a Rs 1,000 crore issue that opens later this week. For retail investors, the interest rates are 7.36% for 10-year bonds, 7.53% for 15-year bonds and 7.62% for 20-year bonds. These bonds are a good option for investors who want guaranteed tax-free returns. Since FD interest is taxed at marginal rates, it makes sense for investors to shift a part of their FD investments to these tax-free bonds. In the 30.9% tax bracket, the effective yield from these bonds will range from 10.65% (10-year bond) to 11.03% (20-year bond).
Investors can also gain from the fall in interest rate in the short term. Tax free bonds issued in 2013-14 at coupon rates of 8.7-9% are now trading 15-20% higher than their issue price even after paying out tax-free interest. The issue will be open from 23 to 30 September, but could close early if the response is good. As the issue size is `1,000 crore, invest on day 1 or 2
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
Invest Online
Download Application Forms
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
---------------------------------------------
Invest Mutual Funds Online
Invest Any Mutual Fund Online
Download Mutual Fund Application Forms from all AMCs
Posts
0 comments:
Post a Comment