Certificate of Deposits (CDs)

 





CDs are money market instruments that are issued by commercial banks and select financial institutions to meet their short-term requirments for funds.

 

CDs have a minimum investment size of `1 lakh and in multiples of `1 lakh thereafter. They are rated by approved credit rating agencies.

 

Since the lenders are institutional investors, the market is more efficient than the retail markets for bank deposits.

 

Interest rates on CDs are based on market conditions and credit standing of borrowers.

 

CDs issued by banks have a maturity period between 7 days to one year.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms