IDFC Infrastructure Bonds - Correction

In my earlier post on IDFC Infrastructure Bonds, the tax adjusted yield was incorrectly calculated.

The effective yield for an individual in 30.90% tax slab is as follows:

Series	Coupon Rate	Tax Adjusted Yield
Series 1	8.00%	13.90%
Series 2	8.00%	12.07%
Series 3	7.50%	17.85%
Series 4	7.50%	15.75%

HTML Tables

Tax adjusted yield for Series 3 & 4 is assuming buyback at the end of 5th year.