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
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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