The idea is to offer a portfolio with least credit risk. This is achieved by investing in bonds issued by seven CPSU and state development loans which are present in the aforementioned debt index crafted by CRISIL.
Read moreEffective annual yield for NCDs ranges from 9.09% to 9.70%.
Read moreAnand Nevatia will be the fund manager for the scheme.
Read moreThe payments bank has already been offering fixed deposits service in collaboration with IndusInd Bank with a minimum investment of Rs. 100.
Read moreThe NCD will be listed on the BSE and there is no put or call option embedded in these NCD.
Read moreFor fixed deposits maturing in one year to less than two years of principal below Rs 2 crore the interest rates payable are revised up by 10 basis points to 5% from earlier 4.9%.
Read moreReserve Bank of India (RBI) on 27 April 2020 announced special liquidity facility of Rs 50000 crore for mutual funds. The announcement is aimed at providing liquidity to the mutual funds which are stuck with low rated bonds. On 23 April 2020, Franklin Templeton Asset Management Company Limited announced plan to wide up its six bond fund schemes, which were
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the PPF is the best fixed income investment given the sovereign guarantee it comes with and tax exempt nature of interest income it offers.
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