Company/ Issuer Infrastructure Development Finance Company Limited Scheme/ Issue IDFC Infra Bonds-Tranche1 (Note: Cheque / DD should be drawn in favour of “IDFC Infra Bonds – Tranche 1” by all applicants) Interest Rate/ Yield 9% p.a. and 9% compounded annually Issue Opens on 21-Nov-11 Issue Closes on 16-Dec-11 Face Value & Issue Price Rs. 5000 […]
Company Religare Asset Management Company Limited Scheme Religare Gold Fund NFO Opens on 15-Nov-11 NFO Closes on 29-Nov-11 Minimum Investment Rs. 5000 Initial Offer Price Rs.10 About An Open Ended Fund of Funds Scheme 95-100% Units of Religare Gold ETF 0-5% Debt & Money Market Instruments Objective To provide returns that closely corresponds to […]
Mutual fund investors will now get a monthly consolidated statement of all of their transactions in different fund houses, Association of Mutual Funds in India (AMFI) said today. The mutual fund industry has decided to issue Consolidated Accounts Statement (CAS) on monthly basis for transaction starting October, AMFI said in a statement. “This is an […]
Slump after 5 quarters amid high prices, rupee depreciation. India, the world’s largest importer of gold, saw a sharp decline in demand for the first time in five quarters in July-September. The demand fell 23 per cent year-on-year from 263.9 tonnes to 203.3 tonnes. This was in variance with the global demand, which went up […]
In yet another customer-friendly move, the Reserve Bank of India has said signatures of both depositors are not needed for repayment of fixed or term deposits on maturity if such accounts are opened with instructions “either or survivor”. In a recent notification, the RBI said that some banks insist on the signatures of both the […]
For investors battered by high inflation and flat returns from stocks and mutual funds, the hike in interest rate on small saving schemes is a bonanza of sorts. The biggest gainers will be account holders of public provident fund (PPF), which now comes with the double benefit of higher interest rate (8.6%) and higher annual […]
India is home to as many as 8,200 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $945 billion, says a study. According to the study by Wealth X, a global wealth intelligence and prospecting company, India has 8,200 UHNW individuals, of which 115 are billionaires. The combined wealth figure of […]
As low as 15 per cent of employees in the private sector have started investments for retirement so that they can maintain the level of living standard post the work period, says a study by Metlife International. “Though retirement looms as a source of financial worry, few Indian employees are taking steps to prepare for […]
Soon, you may be able to buy mutual fund units, shares, insurance policies, bank deposits and other such financial products with a single Know Your Customer (KYC) compliance. Financial Intelligence Unit-India (FIU-Ind), the national agency monitoring suspect financial transactions, has initiated discussions with different financial sector regulators to build a common database, which could be […]
Post office savings bank deposits without any fixed maturity will now earn interest of 4 per cent, up from 3.5 per cent now. And interest rates on other small saving instruments such as National Saving Certificate, will be indirectly linked to the market. The new rates could be notified from July 1, 2011 for the […]
