HDFC revises lending rates on housing loans

HDFC has revised its retail prime lending rate on housing loans by 0.25% per annum

HDFC said it has revised its retail prime lending rate (RPLR) on housing loans by 0.25% per annum with effect from 1 March 2011.

This is in line with the rates of interest in the economy, which have hardened due to rising inflation and shrinking liquidity in the domestic market, the company said in a statement.

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Tata Mutual Fund floats Fixed Maturity Plan 28 Scheme C

Tata Mutual Fund new issue closes on 7th March

Tata Mutual Fund has launched Tata Fixed Maturity Plan 28 Scheme C, a close-ended income scheme.

The investment objective of the scheme 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 scheme.

The new issue closes on 7th March. The minimum investment amount is Rs10,000.

CRISIL Liquid Fund Index is the benchmark index. Murthy Nagarajan is the fund manager.

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COMMENTS

RAJESH

6 years ago

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Reliance Mutual Fund unveils Fixed Horizon Fund-XIX-Series 2

Reliance Mutual Fund new issue closes on 3rd March

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 2, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The duration of the scheme is 367 days.

The new issue closes on 3rd March. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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