SMC offers distribution services of Mutual Funds, Public Issues, Company Fixed Deposits, Capital Gain Bonds, NCD’s , 7.75 % GOI Taxable Bonds through its network of branches across India. We assure you a hassle free transaction experience through us. Our focus is to offer integrated solutions for your all investment needs.
Bonds
Capital Gain Bonds – Under section 54EC of income tax act, an investor need not pay tax on any Long-Term Capital Gains arising from sale of any capital assets. If the entire Capital Gain realized is invested within 6 Months of the date of sale, in eligible bonds. Currently, following are permitted to issue Capital Gain Bonds Under Section 54EC:-
• Rural Electrification Corporation Limited (REC)
• National Highway Authority of India (NHAI)
• Power Finance Corporation Limited (PFC)
• Indian Railway Finance Corporation (IRFC)
7.75% GOI Bonds – These are like any other Govt. Bonds with specified Rate of Interest. The rate is fixed at 7.75% per annum paid Half Yearly, Yearly, or you can opt for cumulative payment of interest at the end of the tenure. These Bonds are issued by the Government with a maturity of 6 Years.
Being one of the well known distribution houses, we aim at helping you in financial planning and achieving long-term goals through our widespread network and team of financial advisors.