GOI Bonds – Jas Business Services

GOI Bonds

ITEM	7.15% SAVINGS (TAXABLE) BONDS
Who Can Invest?	Individual, HUF, University & Charitable Trust
Minimum/Maximum Investment	Rs.1000/-& in multiples thereof. No upper limit.
Period of investments	6 years
Interest payable	Non Cumulative, payable Half Yearly – on 1stFebruary & 1st August. In case of Cumulative option, interest payable on maturity.
Tax Benefit	Wealth Tax is exempted. Income Tax will be deducted at source while interest is paid.
Forms of Bonds	Bond Ledger Account (BAL).
Date of Issue of Bonds	Date of receipt of subscription in Cash or date of realization of cheque/draft.
Bank Mandate	It is mandatory for the investors to provide Bank account details to facilitate payment of interest/maturity value.
Nomination Facility	Available – can nominate one or more person as nominee. NRI can be also nominated. However, remittance of the interest/maturity proceeds will be subject to Foreign Exchange regulations prevailing at the time of remittance. Minor also can be nominated.
Transferability	The Bonds are not tradable/transferable. However, the Bonds shall be eligible as collateral for loans, to creat pledge, hypothecation or lien in favour of scheduled bank for loans against the security of the bonds.
Option of schemes	Non cumulative/ Cumulative. Change of option is not permitted.

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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

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