Rajesh have some good cash in his account & will require it only after 3-4 months.As cash amount is high… some higher returns than that of saving account or short term deposits can make a big difference. Don’t confine your money:Let don’t have limits of saving account or short term deposits to your money &…
HDFC Mutual Fund Fixed Maturity Plan – FMP 384 Days March 2013:
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…