Rural Electrification Corporation(REC) , a Navratna PSU company under ministry of power has come up with a issue of tax saving infrastructure bonds.Details of this issue are as follow: Issue Open date: Dec 19,2011. Issue Close date:Feb 10,2012. Interest rates for different tenor are as follow: Options 1 2 3 4 Tenor 10 Yrs 10…
Launch Of Copper Mini Contract At MCX India:
Today,Multi-commodity exchange of India launched much awaited mini contract of 250 Kg in copper futures.Earlier it was available in trading lot of 1000 Kg only. Specifications of Copper Mini Lots are as follows: Trading start date:20th Dec.2011. Contracts launched:Contracts launched of months ending february,April & June 2012. Quotation / Base value: 1 Kg. Trading lot:…
Prepare Your Own Capital Protection Oriented Fund:
Today there are number of capital protection oriented funds are coming in the market.As market is not going well,plans like fixed maturity plans(FMPs) or capital protection oriented funds are on rise.Such funds uses static hedge approach and allocate the funds in that proportion so that at least capital get protected.But is there really a need…