IRFC bond issue closes today

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

 

After raising money successfully, Indian Railway Finance Corporation (IRFC) will close its issue of tax-free bonds on Friday, a week earlier than the scheduled closing on February 10. Subscription to the institutional and high net worth individual (HNI) portion closed on Wednesday, garnering ~17,000 crore. The retail portion generated ~1,890 crore, of which ~1,700 crore came till Wednesday. On an average, IRFC got ~250 crore a day for the retail portion. The bond size was ~3,000 crore, with an over-allotment option of ~3,300 crore.

Said a well placed source, "The issue is being closed as there was over-subscription from corporate and HNIs on the first day itself. Allotments are yet to be made, which will be on a first-come, first-serve basis, except for those who applied on the first day. The latter will be allotted bonds on a pro-rata basis." Rated AAA by Fitch, the issue has 30 per cent reserved for retail investors, 25 per cent for HNIs and 45 per cent for corporate and qualified institutional buyers (QIBs). IRFC is offering 8.15 per cent for 10 years and 8.30 per cent for 15 years to retail investors. QIBs and HNIs had been offered 8 per cent and 8.10 per cent for 10 and 15 years, respectively.

 

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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 IRFC Bonds?

Apply for IRFC Tax Free Bonds forms below

Download IRFC Tax Free Bond Application Forms

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How to apply to HUDCO Bonds?

Apply for HUDCO Tax Free Bonds forms below

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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

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