National Highways Authority of India NHAI Tax-free Bond Issue Investment Opportunity: Interest rates are at peak level; best time to invest in fixed income tax free instruments. National Highways Authority of India NHAI Tax-free Bond Interest rate cycle has peaked out given the sharp slowdown in the industrial activity and softening of the food inflation, the […]
Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC)
November 13, 2011 By 6 Comments
Infrastructure Bonds issued by Indian Railway Finance Corporation (IRFC). The interest income earned on such bonds is tax free (u/s 10 clause 15 of Income Tax Act). The bonds are issued by a Government Owned Undertaking and therefore carry a very high credit rating. The issue has been rated ‘AAA/Stable by CRISIL’, ‘LAAA by ICRA’ and […]