17 March 2012

Multiple investment opportunities

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1.   Muthoot Finance NCD - Demat account compulsory
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  • 13.25% interest for 36/60 Months & 13% for 24 Months. 
  • No TDS irrespective of investment amount. 
  • "AA-/Stable" rating by CRISIL/ICRA. 
  • Issue closes on 17/03/2012.  
2.  SBI Tax Advantage Fund - Series 2  - Can be held in Demat account also
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  • Invest up to Rs.1 Lac & enjoy Income Tax benefit up to Rs.30,900/- u/s.80-C. 
  • Issue closes on 21/03/2012.   
  • Minimum lock in period of 3 years among all tax saving schemes.  
3.  IDFC Long Term Infrastructure Bonds - Can be held in Demat account also    
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  • Invest Rs.20,000/- and avail additional tax benefit of  Rs.6,180/- u/s 80-CCF.
  • This is over and above Income Tax benefit u/s.80-C.
  • 8.43% interest - Annual & cumulative options available.
  • AAA rated by ICRA & FITCH.
  • Issue opens on 19/03/2012. 

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