Bollywood Celebrities Prefer to Invest in Tax Free Bonds

Legends of Bollywood have been fuelled by the overwhelming star power of celebrities such as; Akshay Kumar, Kareena Kapoor, Aishwarya Rai, Ranbir Kapoor and Amir Khan. Few of us know that Indian bond market is fully or partly fuelled by a generous smattering of investment by these superstars. It is reported that Akshay Kumar with age 48 years have earnings of Rs 128 crore in the year 2015 and due to that he is one of the big and most regular  investor in fixed income instruments as recently he has invested huge amount in IRFCs (Indian Railway Finance Corporation) tax-free bonds. When IRFC issued its bonds with Rs 4,532-crore and it was offerings 25 percent reservation for high net worth individuals and this category was used twice on Day One of the opening of IRFCs bond issue. As Aamir Khan and Akshay Kumar with earnings of Rs 104 crore and Kareena Kapoor Khan with earnings of Rs 53 crore have also also put their money into IRFC bonds, as per the sources.

According to Hiten Shah, Director at SK Capital Advisors, “Now Bollywood celebrities have realized that fixed return instruments are more secure and attractive as they offer them tax-free way to invest more money for long term such as; for 15 to 20 years, whereas; if they will go for fixed deposits, so it will be taxable and are for shorter tenure”. The more he added that most of the celebrities believe that on the time of liquidity requirement, they can use these instruments by selling them into the market and it will help them to generate additional profit through capital appreciation over and above the interest rate if the interest rate falls. These days even young celebrities such as; Ranbir Kapoor (Age 33) have the earnings of Rs 85 crore and currently he is investing in the bonds, former Miss World has invested in tax-free instruments such as;  in the recent issue of NHAI (National Highway Authroity of India).

Apart from that on the other side, for most of the celebrities real estate is the most preferred investment as some of them have bought living pads in Dubai, New York and London. Now they prefer to invest in the stocks, bonds, private equity funds and in mutual funds, as per the reports. However; some of the celebrities such as; Salman Khan and Amitabh Bachchan have invested in the stocks of listed and unlisted companies. These cine stars prefer to make their investments after the consideration of CA and other professional and they also invest through wealth managers and relationship managers of big banks and financial firms.

In the latest offering of IRFC, now even single investment of more than Rs. 10 lakhs will categorized as non-retail. And in this category¸ the investments of 10 year tenure will provide the interest rate of 7.07 percent per annum, whereas; for 15 years and 20 years tenure the interest rates are; 7.28 percent and 7.25 percent respectively. Whereas; FDs for the duration of 5 years in SBI provides 7 percent interest rate, after paying 30 percent tax, which means you will get 5 percent less net income.

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Mumbai’s burgeoning Central Business District, Bandra-Kurla Complex is fast becoming a promising destination for many super wealthy who have begun purchasing luxury flats here. The area is emerging as an enclave that is already a home to many industrialists and celebrities.

Industrialists like Gautam Adani, Vikram Pandit and Kishore Lulla already own property here. And the  the latest HNI to join the party is Aishwarya Rai Bachchan. The B-town  actress has recently purchased a 5,500 five bedroom premium apartment in one of the high end projects at Bandra Kurla Complex.

The sprawling five bedroom home purchased at 38,000 per square feet was registered last week at a high price of INR 21 crore. Apartments in the BKC expanse are cited to cost anywhere between INR 35 crore and INR 55 crore.

Several High Net-worth Individuals are buying homes in BKC not just for investment, but also for end use. The strategic location of the area and proximity to the international airport is luring many affluent individuals to buy luxury apartments here for residential purposes. It is reported that billionaire Uday Kotak of Kotak Mahindra Bank and actress Sonam Kapoor too have purchased apartments in the same project.

The capital values of apartments here are expected to hover between INR 19,678 and INR 39,376 per square feet. While extravagant luxury flats in the BKC stretch are cited to spread over 11,000 square feet, the smaller ones are estimated to range over 7,000 square feet. The capital values of high end properties have appreciated by over 8.2%, making the neighbourhood an ideal destination for investors as well as home buyers.

Due to the soaring capital values, residential developments in BKC have a restricted clientele. However, the demand for high end projects is increasing day by day. With the affluent having a high purchasing power, real estate developers are launching capital ventures that boast of having world class specifications.

Amitabh_Bachchan

Amitabh Bachchan owns total 5 Bungalows in Juhu region which are Prateeksha, Janak, Jalsa, Vatsa and one more anonymous bungalow. Jaya Bachchan the better half of Amitabh Bachchan has declared her total assets as Rs. 91.65 crore because she is member of Rajya Sabha and due to same reason she disclosed husband Amitabh Bachchan’s total assets as Rs 402.21 crore. In simple words we can say that Amitabh Bachchan is one of the best property investor from Bollywood as he also owns Agricultural land in Lucknow and Barabanki, non agricultural land in Ahmedabad and three large flats in Gurgaon, Amitabh Bachchan is the only actor of Bollywood industry who has been awarded with a tag of “Big B” or “Actor of The Century”. He is popular in India as well as in other countries such as; UK, US, Australia, Canada and more because of his work and contribution in Indian film industry. He is the son of Late Mr. Harivansh Rai Bachchan and born on 11 October, 1942 at Allahabad, Uttar Pradesh. He married with Jaya Bahaduri and have two children, son Abhishek Bachchan and daughter Shweta Nanda. His home is famous with a name “Jalsa”.  This property has a living area of 1025 sq. feet and its dual stories house, once upon time it was shooting spot of director Ramesh Sippy.

Amitabh Bachchan has started his carrier with movie Saat Hindustani, however; he got first lead role in 1971 in movie Anand and after that he had done many blockbusters such as; Anand, Amar Akbar Anthony, Don, Agneepath, Hum, Mohabbatein, Namak Haraam, Aks, Black, Paa and more. Apart from that he has also acted in Hollywood movie The Great Gatsby in year 2013 and also acted on small screen by hosting famous TV shows such as; Kaun Banega Crorepati and Big Boss.

Born          : 11 October 1942 (age 72)

Spouse      : Jaya Bhaduri

Childrens : Abhishek Bacchan , Shweta Nanda

Big B house Jalsa :

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Prateeksha: One of the biggest landmarks of Mumbai

Amitabh Bachchan’s house Pratiksha is famous as one of the biggest landmarks of Mumbai. This house is located at 10th Road Juhu Scheme and jointly owned by Amitabh Bachchan and his wife Jaya Bachchan. Prateeksha is famous for both good as well as bad reasons because this landmark was witness for the famous wedding ceremony of Abhishek and Aishwarya. In Mumbai, Amitabh’s this house is not less than any tourist spot as this superstar has great fan following. Before few years Prateeksha was in headlines due to Maharashtra Navanirman Sena attack, however; this incident was unfortunate. Combined estimated cost of Jalsa and Pratiksha is about Rs 160 crore.

Big B Pratiksha House  :

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