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1st prize and second prize bond of rs 7500 on 1-11-2012

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What is the minimum initial investment for a mutual fund?

It depends from fund to fund. However, in India the most commonly used numbers are: Rs. 5000/- for first time investment & Rs. 1000/- for subsequent purchaces Rs. 500/- per month for SIP's Note: There are funds that expect a minimum Rs. 1000/- for SIP and even Rs. 25,000/- for first time investment


A Rs.100 par value bond bearing a coupon rate of 10 will mature after 6 years If the discount rate is 15 what is the value of the bond?

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What is tax saving IFCI Infrastructure Bond?

IFCI Infrastructure Bond Series II are tax free bonds. Investment in IFCI infra bond is tax exempt upto a maximum limit of Rs 20,000 under section 80CCF of Income Tax Act. This exemption is over and above Rs One Lakh exemption under section 80C of Income Tax Act.This bond is just like a bank FD. The interest rate is 8.25%. If you add the benefit of tax exemption the effective interest rate becomes 14.25% (If you are in 30% tax slab). This is also a good investment to diversify your portfolio.The issue is closing on 31st December. Investors with DMAT account can buy online. Investors who do not have DMAT account can invest by first downloading the application form from ifciltd.com

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