Save tax and safely earn with JNPT
|March 12, 2013||Posted by vampseo under Bombay Stock Exchange, BSE SENSEX, Business and Economy|
Jawaharlal Nehru Port Trust (JNPT) is a body corporate established by Government of India under Major Port Trusts Act, 1963. Jawaharlal Nehru Port Trust has developed and operates the Jawaharlal Nehru Port (formerly known as Nhava Sheva Port).
Why you should invest
The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible debentures. Interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of Income Tax Act, 1961
Attractive tax free coupon rate of 7.32% p.a. for 10 years for investment upto and including Rs. 10 lakhs.
For investment above Rs. 10 lakhs, applicable coupon rate is 6.82% p.a. for 10 years
CRISIL Limited (“CRISIL”) has assigned a rating of “CRISIL AAA/Stable” to the Bonds. Brickwork Ratings India Private Limited (“Brickwork”) has assigned a rating of “BWR AAA” to the Bonds. Instruments with this rating are considered to have a highest degree of safety regarding timely servicing of financial obligations. Such Instruments carry lowest credit risk .
The bonds are proposed to be listed on NSE & BSE facilitating trading of these bonds.