IFCI Infra Bonds open

IFCI Infra bonds series IV is now open for subscription. If you are looking for safe avenues for investment which also gives good returns, grab this opportunity!

These bonds offer an interest rate of 9.09 per cent for a 10 year tenure and a slightly higher rate of 9.16 per cent for a 15 year tenor.

While investments in the former scheme would be bought back by the company at the end of the 5th or the 7th year, investors have the flexibility to exit the 15 year investment at the end of the 5th or the 10th year through a buy back.

What's more, these investments are also tax exempt up to an investment of Rs 20,000 under Sec 80CCF.