If you would have thought of Infrastructure bonds that give you addl 20,000 deduction beyond the 1,00,000 under Income Tax Act 1961 Sec 80 c, you got it wrong.
These are MF schemes exclusively for funding Infrastructure projects. Infrastructure debt fund (IDF) will invest 90% of its assets in debt securities of the sector companies. With a minimum size of Rs 1 crore and minimum investors of 5, the minimum investment is tied at Rs 10 lakhs.
The unitholder gets locked in for 5 years with the new product.
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