HDFC Mutual fund New Fund Offer – NFO for Fixed maturity plan for 384 days.FMPs invest in debt / money market instruments & Govt securities maturing on or before maturity of the plan.Performance is benchmarked against CRISIL short term Bond fund. Fixed Maturity Plans are always of Closed Ended nature & can not be sold…
CRR,Repo Rate,Reverse Repo Rate,Comparison Of Rates With Other Asian Countries:
Today Reserve Bank Of India reduced repo rates by 0.25% to 7.50% from 7.75%. What is CRR,Repo Rate & Reverse Repo Rate: CRR – Cash Reserve Ratio: As name indicates Banks need to keep certain ratio of deposits with Reserve Bank Of India which is called as Cash Reserve Ratio.Current CRR is 4% which means…
Compare Fixed Deposits & Debt Mutual Funds:
Today’s post is the repeat telecast of posts already written on this blog about debt funds & fixed deposits.Though we have already write on this topic earlier,we will have some focus on difference in fixed deposits & comparable debt mutual funds. Return Comparison Of Debt Funds & Fixed Deposits: Interest Rate of fixed deposits is…