Principal Bank CD Fund is positioned to capitalize the above opportunity as the fund aims to invest in Bank CD's of upto 1 year and lock-in funds at a relatively higher yields. This will enable the portfolio to benefit from the high accruals available in these papers in this quarter.
Investment Strategy:
ü Invest primarily in private sector bank CD's
ü Invest up to 20% in 1 year NCD's issued by Housing finance companies or companies which have recently received small banking license from RBI
ü Higher accrual in NCD's (approx. 50 to 200bps) to provide a yield pick up to the overall portfolio
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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