L&T Infra Debt Fund Limited Coupon 8.07% | NBFC Corporate Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 6M 22Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

L&T Infra Debt Fund Limited

L&T Infra Debt Fund Limited (L&T IDFL) was founded in the year 2013. its parent company L&T Finance Holdings. L&T Infra Debt Fund Limited has its registered office in Mumbai. It is actively working as a financial intermediary. It has made a presence in 22 states in India with 207 branches and 1446 microloan meeting centers. L&T IDFL employs more than 22 thousand people. According to 2019, AGM L&T IDFL holds 200 Crores of share market capital and 81 crores of paid-up capital. Long term debt instruments of L&T IDFL are AAA rated by CRISIL, ICRA, and CARE.

Total Annual Revenue

754.81 Cr (FY 2019)

Year of Inception

2013

Industry

NBFC Corporate

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. Dinanath Dubhashi

Credit Rating / Outlook

AAA STABLE

CRISIL

AAA

ICRA

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

L&T Infra Debt Fund Limited

Security Name

ISIN

Copy

INE235P07795

Face Value

₹ 25,00,000

Coupon Rate

8.07%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

14-Jun-2024

Clean Price

₹ 103.42

Dirty Price

Current Yield

Mode of Issue

Private Placement

Date of Issue

16-Jun-2017

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

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Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

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FAQs about L&T Infra Debt Fund Limited bonds

How to buy this L&T Infra Debt Fund Limited bond online?

You can invest in bonds online in under 5 minutes. To buy L&T Infra Debt Fund Limited bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this L&T Infra Debt Fund Limited bond?

0% is the current yield of this L&T Infra Debt Fund Limited bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this L&T Infra Debt Fund Limited bond is 0%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this L&T Infra Debt Fund Limited bond?

To redeem this L&T Infra Debt Fund Limited bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this L&T Infra Debt Fund Limited bond is generally simple and straightforward. Contact our support team for more information.

Is this L&T Infra Debt Fund Limited bond tax-free?

No, this L&T Infra Debt Fund Limited bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this L&T Infra Debt Fund Limited bond before the maturity date?

Yes, it is possible to sell this L&T Infra Debt Fund Limited bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

L&T Infra Debt Fund Limited

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this L&T Infra Debt Fund Limited bond online?

What is the yield of this L&T Infra Debt Fund Limited bond?

Is it safe to invest in bonds?

How to redeem this L&T Infra Debt Fund Limited bond?

Is this L&T Infra Debt Fund Limited bond tax-free?

Can I sell this L&T Infra Debt Fund Limited bond before the maturity date?

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Note to Investors

Filling complaints on SMARTODR & SCORES - Easy & Quick

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