HUDCO NCD (Tax Free Bonds) with CARE AA+ and IRRPL AA+ Ratings, Delhi September 17, 2013

Housing and Urban Development Corporation (HUDCO) launched its public issue of tax- free bonds from which you can get Interest Free Income up to Rs. 87600/- P.A With HUDCO Tax Free Bonds.

Face value & Issue price of each bond is Rs 1,000. The bonds will be listed on the BSE. You can invest with a minimum application of Rs. 5000 & In Multiples of Rs. 1000 for further.

HUDCO has launched its tax-free bond with a Issue Size - Rs. 750 cr (Base Issue Size) with option to retain oversubscription upto the shelf limit (being Rs. 4809.20 cr)

The coupon rate for qualified institutional buyers (QIB), corporate, high-net worth individuals has been fixed at   8.14 % per annum for 10 years, 8.51% per annum for 15 years and  8.49 % per annum for 20 years.

For Retail Investor – 8.39% per annum for 10 years, 8.76% per annum for 15 years and 8.74% per annum for 20 years.

Foreign institutional investors and Non-resident Indians can also invest in the tax free bond issue.

HUDCO NCDs are not subjected to TDS. HUDCO NCDs are safer than other investments. HUDCO NCDs are in both physical and demat forms. You can avail Tax free bonds from Elite Wealth Advisors Ltd.

For more information you can mail us at marcom@elitewealth.in or you can call us 011-40000919/09650901058

Why Investment is Important?

                           Do you know why you do investment and why you do savings? You should save for short terms goals and you have to Invest for long term goals. Saving is basically you just reduce your expenditure and save your money. Passbook accounts, short term certificates of deposits (CDs) are the good place to save for short-term needs such as family vacations, a new car or emergencies.

                          For long-term goals such as marriage, college education and retirement, you have to consider investing in that historically have earned higher rates of return, such as stocks and bonds. However, there is no guarantee that these higher risk investments will perform well in the future as they have in the past. That’s why Financial Planning recommends diversifying your investment money in different types of investments in order to reduce the risk.

IS INVESTING AND FINANCIAL PLANNING THE SAME THING? 

Absolutely not. Investing is only one interlinked component of financial planning, but an important one. The financial planning process first involves gathering and objectively analyzing data on your overall financial situation. A financial planner will examine your estate plan, tax situation, insurance needs, and income and expenses in the context of your short and long-term needs and goals, such as saving for a home, college or retirement. The planner will help you improve your cash flow (and make sure that cash flow is protected) so you will have extra money to save and invest. You’ll need to establish an emergency fund if you don’t already have one.

WHAT’S AN INVESTMENT PORTFOLIO?

It is the combination of more than one investment asset, such as stocks, bonds, cash, real estate, precious metals and international investments. How you and your financial planner construct a portfolio is important because different types of investments do better in different economic conditions. By diversifying your investments in a portfolio, you are more likely to reduce risk and enhance potential return. Elite Wealth Advisors will make you investment portfolio for you and build your wealth.