Mutual Funds
Best & Worst Mutual Fund Schemes

The best# three and the worst three schemes over the past three years, in different...

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Going Strong

We are exiting from Steel Authority and adding Colgate-Palmolive

 

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Retirement: PFRDA allows fund managers to invest in Tier-I bonds of banks

Pension Fund Regulatory and Development Authority (PFRDA) permitted fund managers to invest in Basel III-compliant Tier-I bonds of banks.

 

“It is clarified that additional Tier-I bonds compatible under Basel III issued by scheduled commercial banks in accordance with the RBI guidelines are to be considered as debt instruments eligible for investments under the debt category of all NPS schemes provided they are rated as investment grade by at least one rating agency,” PFRDA said in a notification.

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