Canara Bank revises BPLR by 50 basis points

Canara Bank has revised its base rate upward by 50 bps from 9.50% to 10%.

Canara Bank has revised its benchmark prime lending rate (BPLR) upward by 50 bps from 13.75% to 14.25% with effect from today.

It has also revised its base rate upward by 50 bps from 9.50% to 10%.

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DWS Investments launches Fixed Term Fund Series 82

DWS Investments new issue closes on 18th May

DWS Investments, the retail mutual fund arm of the Deutsche Bank Group, has launched DWS Fixed Term Fund Series 82–A, a close ended Debt Fund. 

The DWS Fixed Term Fund Series 82 is a fixed maturity plan offering investors the benefit of relatively low interest rate sensitivity and low credit risk. The tenor of the fund is 308 days.

The new fund offer (NFO) opens on 9th May and closes on 18th May. The objective of the fund is to generate income by investing in debt securities and money market instruments, usually maturing on or before the date of maturity of the scheme. 

CRISIL Short Term Bond Index is the benchmark index. DWS Fixed Term Fund Series 82 would be listed on the National Stock Exchange (NSE). An investor can start investing with a minimum of Rs5,000.

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Tata Mutual Fund unveils 366 days fixed maturity plan

Tata Mutual Fund new issue closes on 9th May

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 34 Scheme A (366 days maturity), a close-ended income scheme.

The investment objective of the schemes is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes. The tenor of the scheme is 366 days.

The new issue closes on 9th May. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Index is the benchmark index. Murthy Nagarajan is the fund manager.

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