Get 9.73% return on 12 months Fixed Deposit with PNB Housing Finance

PNB Housing Finance Offers 9.73% return on 12 months Fixed deposit. Other Advantages are – Loan Facility, FAAA Assurance rating, Save income Tax etc.

Period ( Months) NON-CUMULATIVE DEPOSIT CUMULATIVE DEPOSIT
Half-yearly
Interest Payment
Compounded
Half-yearly
Tentative Yield
12 & 24 9.50% 9.50% 9.73% & 10.20%
36 9.55% 9.55% 10.77%
48 & 60 9.50% 9.50% 11.24% & 11.81%
72, 84 & 120 9.50% 9.50% 12.42%, 13.07% & 15.30%
Minimum Amount Rs. 20,000/- Rs. 20,000/-
  • Senior citizens (above 60 years) will be eligible for 0.25% additional rate of interest.
  • Above rates are applicable upto Rs. 10 Crore of Deposits .
  • Senior citizen rates are applicable for deposits upto Rs.1 Crore only.

Documents Required:

  • Duly filled Application Form with a photograph
  • Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
  • Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

Best Interest Rates on Fixed Deposits June2015

Best FD Rates on Deposits of below 1 crore in June 2015:

INSTITUTION GROUP INTEREST % p.a period INVESTMENT (Rs)
Bassein Catholic Co-operative Bank Cooperative Banks 9.85 Above 12 Months to 18 Months Rs. 15 lakh and above
Bharat Co-operative Bank Cooperative Banks 9.75 1 year to 2 years Rs. 15 lakh and above
Punjab & Maharashtra Co-operative Bank Cooperative Banks 9.5 13 months to 24 months Less than Rs. 25 lakh
Janakalyan Sahakari Bank Cooperative Banks 9.25 Above 18 months to 36 months Less than Rs. 15 lakh
Thane Janata Sahakari Bank Cooperative Banks 9.25 Above 12 months to 36 months Upto Rs. 15 lakh
The Ratnakar Bank Indian Private Sector Banks 9.25 12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr
Shamrao Vithal Co-operative Bank Cooperative Banks 9.15 AV Deposit Scheme – 366 Days (Simple Interest) Less than Rs. 1 cr
Catholic Syrian Bank Indian Private Sector Banks 9.1 400 days (Acharya Deposits) Rs. 1 cr and above
Kapole Co-operative Bank Cooperative Banks 9 Above 36 months to 60 months Less than Rs. 15 lakh
Tamilnad Mercantile Bank Indian Private Sector Banks 9 5 years to 10 years Less than Rs. 1 cr
Abhyudaya Co-operative Bank Cooperative Banks 9 Above 12 months upto 36 months Less than Rs. 1 cr
Lakshmi Vilas Bank Indian Private Sector Banks 9 900 days Up to Rs. 10 cr
DCB Bank Indian Private Sector Banks 8.9 24 months to 36 months Less than Rs. 1 cr
Yes Bank Indian Private Sector Banks 8.85 21 Months 10 Days to 21 Months 20 Days Less than Rs. 1cr
Allahabad Bank Public Sector / Nationalized Banks 8.8 15 days to 29 days Rs 1 cr and above
Central Bank of India Public Sector / Nationalized Banks 8.8 777 days Less than Rs. 1cr
Saraswat Co-operative Bank Cooperative Banks 8.75 Above 1 year up to 24 months 3 crore and above
Karur Vysya Bank Indian Private Sector Banks 8.75 Above 2 years and Upto 3 years� Less than Rs. 1 cr
Bombay Mercantile Co-operative Bank Cooperative Banks 8.75 Above 1 year to less than 2 years Less than Rs. 1cr
Karnataka Bank Indian Private Sector Banks 8.75 1 year to 2 years Upto Rs. 1 cr
Indian Bank Public Sector / Nationalized Banks 8.75 9 months to less than 1 year upto Rs. 1cr
City Union Bank (CUB) Indian Private Sector Banks 8.75 1 year Up to Rs. 1 cr
Nainital Bank Indian Private Sector Banks 8.75 1 year and above but upto 2 years Less than Rs. 15 lakh
State Bank of Patiala Public Sector / Nationalized Banks 8.75 1 year to 555 days Less than Rs. 1cr
Dhanalakshmi Bank Indian Private Sector Banks 8.7 365 days & above upto and inclusive of 2 years Less than Rs. 1 cr
Indus Ind Bank Indian Private Sector Banks 8.65 1 year to below 1 years 2 months Less than Rs. 15 lakh
State Bank of Mysore Public Sector / Nationalized Banks 8.65 3 year & above upto 10 years Less than Rs. 1 cr
Oriental Bank of Commerce Public Sector / Nationalized Banks 8.6 1 year to less than 2 years Less than Rs. 1 cr
Canara Bank Public Sector / Nationalized Banks 8.6 1 year Less than Rs. 1cr
Deutsche Bank Foreign Banks 8.6 5 years Less than Rs. 1 cr
Union Bank of India Public Sector / Nationalized Banks 8.55 1 years Less than Rs. 1 cr
South Indian Bank Indian Private Sector Banks 8.55 SIB Freedom (15 Months) Less than Rs. 1 cr
IDBI Bank Public Sector / Nationalized Banks 8.55 6 months 1 days less than Rs. 1cr
Bank of Maharashtra Public Sector / Nationalized Banks 8.52 Maha Labh (666 Days) Less than Rs. 1 cr
Bank of India Public Sector / Nationalized Banks 8.5 above 14 months to 15 months Rs. 1 cr and above to less than Rs. 10 cr
Abu Dhabi Commercial Bank Foreign Banks 8.5 1 years and above to less than 2 years Rs. 1 cr and above
Andhra Bank Public Sector / Nationalized Banks 8.5 1 year to 2 years Less than Rs. 1 crore
Punjab and Sind Bank Public Sector / Nationalized Banks 8.5 1 year to 2 years Less than Rs. 1cr
State Bank of Hyderabad Public Sector / Nationalized Banks 8.5 2 years to less than 3 years Upto Rs. 1 cr
Kotak Bank Indian Private Sector Banks 8.5 390 Days (12 months 25 days) Rs. 1 cr and above to Less than Rs. 5 cr
HDFC Bank Indian Private Sector Banks 8.5 1 year 5 days – 1 Year 15 Days Less than Rs. 1 cr
Zoroastrian Co-operative Bank Cooperative Banks 8.5 15 months only Less than Rs. 1 cr
State Bank of Bikaner and Jaipur Public Sector / Nationalized Banks 8.5 1 year Less than Rs. 1 cr
ICICI Bank Indian Private Sector Banks 8.5 1 year to 389 days Rs. 5 cr to Less than Rs. 25 cr
Dena Bank Public Sector / Nationalized Banks 8.5 Above 1 year to less than 2 years Less than Rs. 1cr
Bank of Baroda Public Sector / Nationalized Banks 8.5 Above 2 Years and upto 3 Years Less than Rs. 1 cr
UCO Bank Public Sector / Nationalized Banks 8.5 Above 1 year upto 2 years less than Rs. 1 cr
Vijaya Bank Public Sector / Nationalized Banks 8.5 2 years Less than Rs. 1 cr
Federal Bank Indian Private Sector Banks 8.5 1 year only Less than Rs. 1 cr
Syndicate Bank Public Sector / Nationalized Banks 8.5 1 year exact Less than Rs. 1cr
Corporation Bank Public Sector / Nationalized Banks 8.5 1 year and 6 months to less than 3 years Less than Rs. 1 cr
J&K Bank Indian Private Sector Banks 8.5 3 years to less than 5 years Less than Rs. 1 cr
State Bank of Travancore Public Sector / Nationalized Banks 8.5 1 year to less than 2 years Less than Rs. 1cr
Axis Bank Indian Private Sector Banks 8.4 16 months to less than 17 months Above Rs. 1 cr to 5 cr
Punjab National Bank Public Sector / Nationalized Banks 8.25 Above 2 years to 5 years Rs. 1 cr to Rs. 10 cr
Indian Overseas Bank Public Sector / Nationalized Banks 8.25 1 year to less than 2 years Upto Rs. 1 cr
State Bank of India (SBI) Public Sector / Nationalized Banks 8.25 456 days to less than 2 years Above Rs. 1 cr
United Bank of India Public Sector / Nationalized Banks 8.25 1 years to less than 2 years Less than Rs. 5 cr
Standard Chartered Bank Foreign Banks 8.15 376 days to 390 day Less than Rs. 1 cr
Royal Bank of Scotland Foreign Banks 8 151 days upto 187 days Less than Rs. 1 cr
HSBC Foreign Banks 7.75 90 days to 93 days Less than Rs. 1cr
Citi Bank Foreign Banks 7.75 732 days to 1095 days Less than Rs. 1 cr

Best Options for Investments, Under Section 80C

Options for Investments

PPF

EPF and VPF

ELSS Funds

Returns: Linked to government bond yield, so will vary every year. 8.7% for 2014-15. Returns: 8.5% for 2014-15 Returns: Market linked (14.2% in past 3 years)
Safety: very safe as it is backed by government Safety: Very Safe Safety: Carry market risk associated with stocks
Liquidity: Low. Locked for 15 years but partial withdrawals allowed after the fifth year. Liquidity: Low. Withdrawals allowed after five years for specific purposes. Liquidity: Locked in for three years, after which full withdrawal permitted.
Taxation: interest and maturity amount completely tax free. Taxation: Interest and corpus tax free, if withdrawn after five years. Taxation: No Tax on withdrawals because long term capital gains are tax free.
Best For: Conservative investors looking for assured returns and tax free corpus. Best For: Salaried individuals saving for retirement. Best For: Investors with higher risk appetite hoping to generate inflation beating returns.
SMART Tips: invest before the 5th of the month so that the investment gets interest for that month as well. SMART Tips: Transfer your EPF account when you change jobs. Dormant accounts stop earning interest after three years. SMART Tips: Invest small amounts at monthly intervals in ELSS funds. SIPs reduce the risk of investing in equities.

 

A Guide to Financial Markets and various options available for investment

This guide has all you want to know about financial markets and instruments:

What are the various options available for investment?

-         Physical Assets like Real Estate, Gold/ Jewellery, Commodities etc

-         Financial Assets like Fixed Deposits, Small Saving Instruments with Post Offices, Insurance/ provident fund/ Pension Funds etc or Securities Market related instruments like Shares, bonds, debentures etc

What are the main financial markets and their instruments?

Money Market: The money market is a market for financial assets that are close substitutes for money .It is a market for overnight to short term funds and the debt instruments are having maturity period of one day to one year.

Main Features:

  • It is a wholesome market
  • The Volumes are high
  • Major Players – RBI , Discount and Finance House of India (DFHI), Banks, NBFCs ,Mutual Funds, Corporate Investors, Securities Trading Corporation of India (STCI) State Governments, Provident Funds, Primary Dealers, PSUs, NRIs.

Money market Instruments:

  • Treasury Bills
  • Commercial Papers
  • Certificate of Deposits
  • Commercial Bills
  • Call/Notice money market
  • T-bills, Call Money Market and Certificate of Deposit provide liquidity for government and banks
  • Commercial Paper and Commercial Bills provide liquidity for the commercial sector and the financial intermediaries
  • Debt Market: Debt Market is a market where fixed income securities of various types are issued and traded.

Functions of Debt Market:

  • Plays a Key role in mobilization and allocation of resources.
  • Financing development activities of government.
  • Liquidity management in tune with short term and long term objectives.
  • Pricing of non government securities in the financial markets.

Characteristics of Debt Market:

  • Competitive Market Structure
  • Low Transaction Cost
  • Strong an safe market structure

Participants in Debt Market:

  1. Central and State government
  2. Primary Dealers
  3. Public Sector Undertakings
  4. Corporates
  5. Banks
  6. Mutual Funds
  7. Provident and Pension Funds
  8. Charitable institutions and Trusts
  9. Classification of Debt instruments:
MARKET SEGMENT ISSUER INSTRUMENTS
Government Securities Central Government

State Governments

Zero coupon bonds, Coupon bonds, Floating rate bonds

Coupon Bonds, Floating Rate Bonds

Public Sector Bonds Public Sector Units PSU Bonds, Debentures, Deep Discount Bonds
Private Sector Bonds Corporates

Banks

Financial institutions

Debentures, Bonds, FRBs

Debentures and Bonds

 

So, carefully invest in these markets!

A GUIDE TO MUTUAL FUNDS

This guide has all you want to know about mutual funds:

What is a mutual fund?

A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal.

Is investment in mutual fund suitable?

The money collected is invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized is shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.

How is a mutual fund set up?

A mutual fund is set up in the form of a trust, which has sponsor, trustees, Asset Management Company (AMC) and custodian. The trust is established by a sponsor or more than one sponsor who is like promoter of a company. The trustees of the mutual fund hold its property for the benefit of the unitholders. Asset Management Company (AMC) approved by SEBI manages the funds by making investments in various types of securities. Custodian, who is registered with SEBI, holds the securities of various schemes of the fund in its custody. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of SEBI Regulations by the mutual fund.

What are the types of Mutual Fund Schemes?

Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial position, risk tolerance and return expectations etc.

By Structure

  • Open Ended Schemes
  • Close Ended Schemes
  • Interval Schemes

By Investment Objectives

  • Growth Schemes
  • Income Schemes
  • Balance Schemes
  • Money Market Schemes

Other Schemes

  • Tax Saving Schemes

Special Schemes

  • Index Schemes
  • Sector Specific Schemes

What is the difference between the open ended and close ended scheme?

Open ended funds can issue and redeem units any time during the life of the scheme while close ended funds cannot issue new units except in case of bonus or rights issue. Hence, unit capital of open ended funds can fluctuate on daily basis while that is not the case for close ended schemes. Other way of explaining the difference is that new investors can join the scheme by directly applying to the mutual fund at applicable net asset value related prices in case of open ended schemes while that is not the case in case of close ended schemes. New investors can buy the units from secondary market only.

What is the aim of growth/equity oriented scheme?

The aim of growth funds is to provide capital appreciation over the medium to long- term. Such schemes normally invest a major part of their corpus in equities. Such funds have comparatively high risks. These schemes provide different options to the investors like dividend option, capital appreciation, etc. and the investors may choose an option depending on their preferences. The investors must indicate the option in the application form. The mutual funds also allow the investors to change the options at a later date. Growth schemes are good for investors having a long-term outlook seeking appreciation over a period of time.

What are Income/debt oriented schemes?

The aim of income funds is to provide regular and steady income to investors. Such schemes generally invest in fixed income securities such as bonds, corporate debentures, Government securities and money market instruments. Such funds are less risky compared to equity schemes. These funds are not affected because of fluctuations in equity markets. However, opportunities of capital appreciation are also limited in such funds. The NAVs of such funds are affected because of change in interest rates in the country. If the interest rates fall, NAVs of such funds are likely to increase in the short run and vice versa. However, long term investors may not bother about these fluctuations.

 

What are balanced schemes?

The aim of balanced funds is to provide both growth and regular income as such schemes invest both in equities and fixed income securities in the proportion indicated in their offer documents. These are appropriate for investors looking for moderate growth. They generally invest 40-60% in equity and debt instruments. These funds are also affected because of fluctuations in share prices in the stock markets. However, NAVs of such funds are likely to be less volatile compared to pure equity funds.

The bottom line:

Many investors tend to focus exclusively on investment return, with little concern for investment risk. The five risk measures

:alpha, beta, r-squared, standard deviation and the Sharpe ratio can provide some balance to the risk-return equation. The good news for investors is that these indicators are calculated for them and are available on several financial websites, as well as being incorporated into many investment research reports. As useful as these measurements are, keep in mind that when considering a stock, bond or mutual fund investment, volatility risk is just one of the factors you should be considering that can affect the quality of an investment.