IDBI Debt Opportunities Fund

IDBI Mutual Fund launched IDBI Debt Opportunities Fund which is an open-ended income scheme. The NFO period was 11th February to 24th February. The scheme plans to invest in good-quality corporate bonds, after setting exposure limits. There will be diversification across companies, industries and maturities. Investors should have a medium to long horizon—of 18 months and above. There is an exit-load of 2% for redemption before 18 months. The scheme will invest zero to 90% in debt securities of low to medium risk profile, while 10% to 100% will be in money-market instruments of low risk profile. Investments would be made in commercial paper (CP), certificate of deposit (CD), non-convertible debentures (NCD) and bonds of corporates, PSUs, banks and financial institutions.

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Tax-free Bonds

Indian Renewable Energy Development Agency Limited (IREDA) tax free bond issue opens on 17th February. It is rated AAA by CARE. Retail investors will get coupon of 8.41% for 10 years and 8.80% for 15 and 20-year bonds. IREDA offer is better than recent bonds of NHAI at 8.75% and IRFC at 8.65% for 15-year bonds. Ennore Port tax free bond issue opens on 18th February. Last year, Ennore Port issue was rated AA- by Crisil.

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FD Rates To Go Up?

With the approaching financial year-end, and possible liquidity crunch due to advance tax...

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