IFAs can suggest “SREI Infrastructure Long Term Infrastructure Bond-Tranche 1” to their clients who are looking to generate secured income along with tax benefits.
SREI Infrastructure Long Term Infrastructure Bond - Tranche 1 will be open till January 31, 2012. Bond holders can take an additional advantage of Rs. 20,000 deduction under section 80CCF of the Income Tax Act (apart from the Rs.1, 00,000 deduction under section 80C).
Who can apply: Resident Indian individuals (minors not eligible) and HUFs.
Application size: Minimum of one bond and in multiples of one bond thereafter; each bond has a face value of Rs. 1,000 per bond.
Availability: In dematerialized form and in physical form on request.
Who can sell the product?
Registered stock-brokers with any Stock Exchange along with their respective sub-broker, banks and brokers selected by the issuing company.
How can an IFA get registered to sell the product?
An IFA has to sign the sub-broker agreement with a stock-broker to sell the product.
Tentative Brokerage structure:
On allotment amount, a minimum brokerage of 1% is offered upfront. Also, a minimum of Rs. 100 is offered per application.
Bond Features:
Registrars: Link Intime India Private Limited
Depositories: NSDL and CDSL
Listing: Bonds proposed to be listed on BSE
Lead Brokers: Almondz Global Securities, AUM Capital Market, Bajaj Capital Investor Services, Eastern Financiers, Edelweiss Broking, Enam Securities, HDFC Securities, ICICI Securities, Integrated Enterprises (India), JM Financial Services, Karvy Stock Broking, Kotak Securities, RR Equity Brokers, SHCIL Services, SMC Global Securities, SPA Securities
