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Friday, February 10, 2012

IDBI Bank - Infrastructure Debt Fund

 

Tax Saving Mutual Funds Online

Current open Infra Bond Application form 

 

State-run IDBI Bank will launch the country's first infrastructure debt fund (IDF) to raise $5 billion for building roads, ports and airports. Such debt funds, announced in the budget 2011-12, can be floated through non-banking finance companies (NBFC) or as trusts. They were proposed two years ago by a panel led by HDFC chairman Deepak Parekh, which had suggested an initial corpus of . 50,000 crore.


IDBI Bank has sought Reserve Bank of India's approval for an NBFC, which will have a capital base of . 1,000 crore. The bank will hold 30% stake in the NBFC and the rest will be held by some state-run banks and LIC, said a top banker involved in the process. The new entity under the relaxed norms can provide longterm debt of over . 25,000 crore in the infrastructure sector. IDBI Bank CMD RM Malla declined to comment.


According to current guidelines, IDFs can raise funds from investors, primarily domestic and offshore insurance and pension funds, trusted sources for long-term finance. The fund established under a trust will be a mutual fund that will issue units and will be regulated by Sebi while a company-based fund will be a non-banking finance company that will issue bonds and will be regulated by the RBI.

 
 

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

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Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

 

 

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How to apply to HUDCO Bonds?

Apply for HUDCO Tax Free Bonds forms below

Download HUDCO Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

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How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Download REC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

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