Category: Blog
NFO: ICICI Pru Multiple Yield Fund-Series 2(Plan F)
ICICI Prudential Mutual Fund has launching a new fund (NFO) in the name as ICICI Prudential Multiple Yield Fund – Series 2-Plan F on April 10, 2012 with fund tenure of 1100 days with main objective under the scheme to generate returns by investing in a portfolio of fixed income securities/ debt instruments (65% – [...]
What is e-Gold and e-Silver ?
First you heard Gold futures, then someone told you about Gold ETF and then you read somewhere about the Gold Fund. Now, these days, it is possible that you hear financial planners recommending you to invest in gold through e-Gold route. Yes, E-Gold and E-Silver are good ways to invest in those precious metals ,and [...]
Best Savings Bank Account Interest rates India
As you might be aware that India’s central bank – RBI – has deregulated saving accounts interest rates. This means that RBI no longer forces interest rates to be offered to clients. Instead, banks can decide their own interest rates on saving accounts to attract more customers. This obviously leads to competition among banks and, [...]
Post Office Small Saving Schemes-New Interest Rates
On March 26, 2012, the Finance Ministry has provided a ‘pleasant gift’ to small investor by providing increased rate of interest in Post Office ‘Small saving Schemes’, such as NSC, PPF, SCSS -04 schemes which also help in saving income tax. Also, the ministry has increased on other ongoing schemes such as 1/2/3/5 yr TD, [...]
IPO: MT Educare Limited
MT Educare Limited, formed in 2006, is coming out with initial public offer (IPO) from March 27, 2012 to collect 35 Crore for funding new education centres. MT Educare, an education coaching services provider for students in the secondary/higher secondary schools. They also provide coaching services for students pursuing graduation degree in commerce, for various [...]
NFO: Reliance Dual Advantage Fixed Tenure Fund II-Plan B
Reliance Mutual Fund has launched a new fund (NFO) in the name as Reliance Dual Advantage Fixed Tenure Fund II – Plan B, with tenore of 36 Months period. The objective of the Plan under the scheme is to generate returns and reduce interest rate volatility by investing a portion of the portfolio in good [...]
NFO: ICICI Prudential Capital Protection Oriented Fund II–Series VIII (24 Months)
ICICI Prudential Mutual Fund has launched a new fund (NFO) in the name as ICICI Prudential Capital Protection Oriented Fund II – Series VIII (24 Months period). The objective of the Plan under the scheme is to protect capital by investing a portion of the portfolio in good quality debt securities & money market instruments(88% [...]
IDFC Infrastructure bonds Tranche 3
IDFC (Infrastructure Development Finance Company Ltd) has brought yet another bonds under section 80CCF from March 19, 2012 till March 30, 2012 for the investors still could not save tax under this section. The details of the bonds are as under : Download Application Form Check Allotment Status Issue Details: Issue Opens: 19-Mar-2012 Issue Closes: [...]
India Budget 2012-13 Key Points
Hon’ble Finance Minister of India, Mr. Pranab Mukherjee, announced the general budget for FY 2012-2013. Following are the main points. Business Standard newspaper compiled the following important points from it: Income tax exemption limit raised to Rs 2 lakh from Rs 1.8 lakh No tax pp to Rs 2 lakh income Rs 2-5 lakh taxed [...]
IPO: National Buildings Construction Corporation Limited (NBCC)
National Buildings Construction Corporation Limited (NBCC), incorporated in 1960 as a wholly owned Government undertaking under Ministry of Urban Development (MoUD) given PSU status on October 14, 2008. NBCC is engaged in the in the business of providing : (i) Project Management Consultancy (PMC) services for Civil Construction Projects for Central and State Governments (formed [...]
