As name indicates,in systematic transfer plan ,a fixed capital with fixed frequency get transferred from one scheme to another. The scheme in which lumpsum capital is invested and from which money gets transferred is “Transferor Scheme” while scheme in which money gets transferred is “Transferee Scheme”. Ideally,liquid fund of the respective fund house is transferor…
Understanding HDFC Systematic Savings Plan:
As name Systematic Saving Plan (SSP) indicates its a monthly saving plan offered by HDFC (not HDFC Bank) where one can save minimum from Rs.2000/- and accumulate a larger capital for future. Key Features: Min saving: Rs.2000/- per month. Period: 24 Months – 60 Months. Installments by ECS or auto-debit. Credit rating:”AAA” consecutively over decades…
MCX Listing Today:
Stock of multi commodity exchange of india listed today both on NSE and BSE.Earlier it was received approval only from BSE. General Statistics : Opening price:1408 High Price:1428.55. Low Price:1282.20. Close Price:1296. Issue Price:1032. Intraday movement:(3m Chart) Interesting thing is that though investors have listing gains here,chart movement is downside while overall sensex / nifty…