Reliance Mutual Fund brings First gold fund of fund in India "Reliance Gold Savings Fund"

Reliance Mutual Fund presents - Reliance Gold Savings Fund , first Gold Fund of Fund in India. This is Fund of Fund which allows you to invest in gold even if you dont hold the Demat Account.

Brief Synopsis

• The first fund of fund in India which enables you to reap the returns of gold as an asset class in a paper form without the need of a demat account.
• This fund would facilitate you to accumulate gold returns from a long term perspective through lump sum and systematic regular investments.

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Complete details of State bank Of India (SBI) Retail Bond Issue opening 21st february offering high returns of upto 9.95%

SBI launches Series 3 lower Tier II bonds of face value of Rs 10,000 each and series 4 lower Tier II bonds of face value of Rs 10,000 each aggregating to Rs 1,000 crore, with an option to retain over-subscription upto Rs 1,000 crore for issuance of additional bonds aggregating to a total of upto Rs 2,000 crore.

Returns are 9.75% per annum on series 3 lower Tier II bonds and 9.95% in case of series 4 lower Tier II bonds. Non retail applicants will get 9.3% and 9.45%, respectively.

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Mutual Fund Fixed Maturity Plan (FMP) better as well as tax efficient option to fixed deposits (FD)

The primary objective of a FMP is to generate income while protecting the capital by investing in a portfolio of debt and money market securities. The tenure can be of different maturities, ranging from one month to five years. 

FMPs can be compared to fixed deposits of a bank. While a fixed deposit offers a 'guaranteed' return, returns in FMPs are only 'indicative'. Typically, the fund house fixes a 'target amount' for a scheme, which it ties up informally with borrowers before the scheme opens. That way it knows the interest rate it will earn on its investments, providing the 'indicative return' to investors. 

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Complete details on Interbank Mobile Payment Service (IMPS) the Future of Money Transfer and Payments

As of now, interbank funds transfer electronically is done through National Electronic Funds Transfer(NEFT). But issue with these transfers is the time lag as this is not a real time service and transactions are settled in batches. The other instant funds transfer service available in name of Real Time Gross Settlement (RTGS), but that has minimum transfer limit of 2 lakhs.

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L&T Infrastructure Bonds Tranche II Open from Feb 7 2011 to March 7 2011

First tranche of the L&T Infrastructure Bonds came in the market on 15th October 2010 and was available for subscription up to 2nd November 2010. Now again L&T Infrastructure Finance Company Limited has come up with their second tranche of Infra Bonds and the issue is going to open on 7th Feb 2011 and will be available for subscription up to 7th Mar 2011. The issue size of this second tranche is Rs 100 crore. Offering a interest of 8.20% per annum in the first series (series I) which can be redeemed after 5 years and 8.3% in the second series or (series II) can be redeemed after 7 years.

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Review Aegon Religare I-Maximize: Low cost Online ULIP to multiply your returns

It was in later part of 2009 that Online term Insurance was launched by Aegon Religare by the name of I-Term plan, which at that time had offered us at less than half the rate then prevailing in the market. Later there was a revolution in the market and many other Insurance companies followed the same Route to offer Term Insurance Product Online. This included ICICI Prudential with Launch of I-Protect, Metlife's Metprotect, and Kotak Life Insurance with Kotak Term Plan. Since the launch of these products people are becoming more aware and they have started realizing the importance of Term Plan.

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