Invest In Tax Saving Mutual Funds Online
After the first tranche, bonds will be issued on last Tuesday of every month
THE government will launch first tranche of inflation-linked bonds totalling Rs 1,000 crore on June 4 to give an option to investors to guard savings against inflation and dissuade them from investing in gold.
The Government of India has announced the sale of new Inflation Indexed Government Stock 2023 for a notified amount of Rs 1,000 crore through yield-based auction ...
(scheduled for) June 4, the finance ministry said in a statement.
The proposed inflation indexed bonds (IIBs) would form part of the government's borrowing programme for the first half of the current financial year, it said.
The auctions will be conducted using uniform price method, the statement added.
For these bonds, the non-competitive bidding segment of 20 per cent has been extended to retail and mid-segment investors to achieve greater participation of investors.
In case of other government securities, the noncompetitive segment for retail investors is 5 per cent.
The result of the auc
tions will be announced on June 4 and successful bidders have to make the payments on June 5, the statement added.
Earlier this month, the government had announced plans to issue IIBs worth Rs 12,000-15,000 crore this financial year.
The maturity period of these bonds will be 10 years.
After the first tranche, bonds will be issued on last Tuesday of every month.
While the first series of the bonds will be open for all class of investors, the second series issue beginning October will be reserved exclusively for retail investors.
In the budget, finance minister P Chidambaram had announced issuance of IIBs to protect savings of poor and middle classes from inflation and provide incentives to households to encourage them to save in financial instruments rather than buy gold.
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 )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
0 comments:
Post a Comment