Bonds & IPOs

Tax Saving Bonds

Section 80CCF allows Non Banking Financial Companies (NBFCs) to issue infrastructure bonds, and investors who invest in these bonds can get an additional tax benefit.

• Investors can deduct up to Rs. 20,000 in infrastructure bond investments, reducing taxable income.
• This is separate from the Rs. 1,00,000 deduction under Section 80C.
• Tax benefits apply only in the investment year.
• Interest earned is taxable.

IPO's

An Initial Public Offer (IPO) is a means of collecting money from the public by a company for the first time in the market to fund its projects.

• Minimum application amounts vary by issue.
• Lead managers set pricing for normal issues.
• Book building issues use price ranges.
• Maximum retail application is Rs. 3,00,000.
• Shares become freely tradable after listing.

We are one of prominent domestic stock brokers, we offers our clients the entire range of products on the stock markets: trading facilities. We service the entire spectrum of investors including Institutions, Banks, Mutual Funds, High Networth Individuals, Corporates and Non-Residents Indians.