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Vested > INR Bonds > India Grid Trust 27 Jun 2031
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India Grid Trust 27 Jun 2031

India Grid Trust 27 Jun 2031

ISIN: INE219X07298

Yield

8.00%

Matures in

6y 7m

Min. Investment

₹9,74,577

Interest Payment

Quarterly

-

Know Your Returns

Earn - in - at - p.a

You Invest

-

You Receive

-

Average. Interest Payout

-

Earn - in - at - p.a

Potential Returns

You Invest

₹21,150

Bank FD*

₹22,150

Bond

₹24,150
*FD rate data sourced from State Bank of India.

View cash flow details

You Invest

10 May ‘24

₹21,150

Principal Amount(Last traded price) info-icon
Principal amount is the price at which the bond was last bought or sold in the market.

₹20,150

Accrued Interest info-icon
Accrued interest is the interest that has built up on the bond since the last payment, but hasn’t been paid yet.

₹1,000

Interest Payment (Monthly)

Note: The interest shown is after deducting 10% tds

10 Jun ‘24

₹850

10 Jun ‘24

₹850

10 Nov ‘25

₹850

10 Dec ‘25

₹850

Total Returns on

10 Dec ‘25

₹24,550

Principal Payout info-icon
Principal payout is the amount of money you get back when the bond reaches its maturity date.

₹21,150

Total Interest Earned info-icon
Total interest earned is the total amount of interest you’ve received from the bond over its lifetime.

₹3,400

Ratings

Rated on 11 Sep '24 by ICRA

Key Metrics

Face Value info-icon
Face value is the nominal amount that will be repaid to the bondholder at maturity. Also referred to as “par value”.
₹10,00,000
Coupon info-icon
Coupon is the fixed interest rate paid annually or semi-annually to bondholders, expressed as a percentage of the face value.
7.32% FIXED
Security info-icon
Security indicates whether the bond is backed by specific assets (secured) or not (unsecured).
SECURED
Seniority info-icon
Seniority is the order of priority in which bondholders are repaid in case of the issuer's bankruptcy, with senior bonds being repaid before junior ones.
NA
Mode of Issue info-icon
Mode of issue refers to the method of issuing bonds, such as through public offerings or private placements.
Private
Tax Status info-icon
Tax status is the tax treatment of bond interest payments, with some bonds offering tax-exempt interest under specific conditions.
Taxable
Information Memorandum View

About INDIA GRID TRUST

Incorporated in 2016, India Grid Trust (IGT) is a power transmission company initially sponsored by Sterlite Power Grid Ventures Ltd. As of September 2020, KKR has joined as a co-sponsor. The investment manager, India Grid Investment Managers Ltd., oversees decisions regarding the acquisition, divestment, or enhancement of India Grid’s assets. IGT completed its initial public offering and listing in May and June of 2017, respectively. IGT focuses on owning and operating power transmission assets, contributing to the efficient delivery of electricity across India. The trust has established a robust framework for managing and expanding its asset base, ensuring sustainable growth and reliable power transmission infrastructure.

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FAQs

How to buy India Grid Trust 27 Jun 2031 bond online?

Investing in India Grid Trust 27 Jun 2031 bond online is a simple process that can be completed in under 5 minutes. Follow these steps:

  • Login/signup at Vested and navigate to INR Bonds.
  • Complete your KYC by providing the necessary information.
  • Make a payment to receive bond units in your demat account.
What is the yield of India Grid Trust 27 Jun 2031 bond?

The yield of India Grid Trust 27 Jun 2031 bond is approximately 8%. Yield to Maturity or the IRR of the Bond is the total yield earned if the bond is held to maturity. It includes earning from coupon payments and capital appreciation.

What is the credit rating of India Grid Trust 27 Jun 2031 bond?

The credit rating of India Grid Trust 27 Jun 2031 bond indicates the issuer's creditworthiness and ability to meet its financial obligations. This is an independent opinion provided by rating agencies. It indicates the likeliness of a company to default. Rating scale ranges from AAA(being the highest) to D (lowest). A higher rating generally suggests lower risk.

How to redeem India Grid Trust 27 Jun 2031 bond?

Upon reaching the maturity date, the funds are automatically credited to your linked bank account.

Is India Grid Trust 27 Jun 2031 bond tax-free?

No, the interest income from India Grid Trust 27 Jun 2031 bonds is not tax-free. It is categorised as "income from other sources," and the applicable tax will be calculated based on your income tax slab.

How can I sell India Grid Trust 27 Jun 2031 bond before the maturity date?

To sell India Grid Trust 27 Jun 2031 bond before its maturity date, please contact us at help-inrbonds@vestedfinance.co. Our dedicated support team will guide you through the process and assist you with selling your bond.

What are the benefits of investing in India Grid Trust 27 Jun 2031 bond?

Bond investments offer the below compelling benefits, making them a valuable addition to an investment portfolio.

  • Principal Protection: Bonds ensure your initial investment remains safe, and you receive fixed annual returns based on the coupon rate, making them a secure place to park extra income.
  • Stable Returns: Bonds provide a stable and predictable source of income, which is beneficial for those seeking regular earnings during career breaks or financial instability.
  • Predictable Growth: Unlike stocks, bonds offer steady financial growth without the volatility associated with market fluctuations. You can plan and achieve specific financial goals based on the known returns.
  • Safety and Performance: Bonds are generally safer than equity investments and can outperform certain debt mutual funds. In times of crisis, bondholders are prioritized for repayment, enhancing their security.
  • Tax Efficiency: Bonds often offer tax advantages over debt mutual funds, and their fixed returns till maturity are backed by regulations and law, providing a reliable income stream.
What are the risks associated with investing in India Grid Trust 27 Jun 2031 bond?

Bonds are usually low-risk, similar to Fixed Deposits. But it's good to know about the risks involved:

  • Default Risk: This happens when the bond issuer can't repay the principal or interest. It could mean losses for us as investors.
  • Liquidity Risk: Selling bonds before maturity might be tough if no buyers are there. We might have to sell at a discount, leading to potential losses.
  • Interest-Rate Risk: Bond prices can change with interest rates. If rates go up, the bond value may decrease, and we might face losses if sold early. On the flip side, falling rates can mean higher bond prices and potential gains if sold at a premium to the purchase price.
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