Career Search

Tuesday, February 26, 2013

Hudco tax free bonds issue offers up to 7.69%

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

STATE-OWNED Housing and Urban Development Corporation (Hudco) on Wednesday said it is targeting to raise up to Rs 2,805 crore through the second tranche of its public issue of tax-free bonds.

In the first tranche, which was launched On January 9 and closed on February 7, the company had raised Rs 2,195 crore.

The second tranche would open from Thursday and close on March 15.

"We are launching the second tranche of our tax free bonds from Thursday.

The issue size is Rs 500 crore with an option to retain oversubscription up to Rs 2,805 crore," Hudco chairman and managing director V P Baligar said.

Hudco would utilise the issue proceeds for lending purposes, working capital requirements, augmenting resource base of the company and other operational requirements.

It would offer a higher coupon rate of 7.69 per cent for 15 years maturity period and 7.53 per cent for 10 years to retail investors.

An investment up to Rs 10 lakh qualifies under retail category. For others, the coupon rates are 7.19 per cent for 15 years and 7.03 per cent for 10 years.

The coupon rates for retail investors are lowerthan the first tranche as interest rates have gone down, he added.

Hudco, a mini-ratna firm, is a financial institution that provides long term finance for housing and urban infrastructure projects.

The company is expecting to achieve the sanctioning and disbursal targets for this financial year at Rs 22,000 crore and over Rs 6,000 crore, respectively.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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

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 PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: