IFCI is launching Tier-2 subordinated bonds from 1 June 2011 on private placement basis.Demat account is mandatory to apply for the bonds. Investors should not confuse it with 80-CCF infrastructure bonds.This issue do not carry 80-ccf tax benefit. The bonds have tenure of 10 Years and 15 Years with coupon rate of 10.50 and 10.75%…
Interest Rates revision of Mahindra Financial Services Fixed Deposits:
Mahindra finance has revised fixed deposits of 36 months to 10.50% CAGR from 10%. Senior citizens will get 0.25% extra interest rate. Mahindra finance fixed deposits have highest credit ratings FAA which indicates the highest safety. If interested to invest call:paresh deshpande – 9225965529. for investor outside pune cheque should be at par. Options available…
Difference between Gold ETFs & nsel e-Gold.
Investors can invest in Gold through ETFs as well through e-gold of national spot exchange.There are some minor differences in ETF and e-gold. 1.Fund managers track Gold prices through Net Asset Value(NAV).NAV of Gold ETF is net of liabilities.so NAV and returns of different ETFs are different. While in NSEL e-gold investors directly tracks gold prices. 2.NAV…