DSP Mutual Fund NFO: Investment starts from ₹ 100

According to DSP Mutual Fund, one can invest a minimum of Rs 100 in this scheme. After this, any amount can be invested. The BSE Sensex Next 30 index includes companies that are not a part of the BSE Sensex, but have a large market cap and have growth prospects in the future.

DSP Mutual Fund NFO: Objective of the scheme

The investment objective of this scheme is to generate returns consistent with the performance of the BSE Sensex Next 30 Index, subject to tracking error. Investors can choose between lump sum investment or Systematic Investment Plan (SIP) as per their financial goals.

Who can invest

According to the asset management company, this fund is a good option for investors who want to diversify their portfolio. Investors can choose it according to their financial goals.

(Disclaimer: Here are the details of the NFO. These are not investment advice. Investments in mutual funds are subject to market risks. Consult your advisor before investing.)

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Bajaj Finserv received final registration from the Security and Exchange Board of India (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund in March 2023 with Bajaj Finserv Asset Management Limited (BFAML) as the investment manager.

Bajaj Finserv Mutual Fund

had filed its first 7 schemes with SEBI in March and April 2023, namely Liquid Fund, Money Market Fund, Overnight Fund, Arbitrage Fund, Large & Mid-Cap Fund, Balanced Advantage Fund and Flexi Cap Fund.

Bajaj Finserv Liquid Fund is an open-ended scheme, which will invest in debt and money market options with a maximum maturity of up to 91 days. It is a better option for investors who want to invest in the market for an emergency fund, as it provides easy liquidity and can be redeemed immediately when required.

Important Points- Bajaj Finserv Overnight Fund invests in money market and debt options with maturity. It is specially designed for businessmen and corporates who require frequent short term deposits of large sums of money. If they have a big fund and it is going to be needed after a few days, then till then they can take advantage by investing in this scheme.

Ganesh Mohan, Chief Executive Officer, Bajaj Finserv Asset Management Ltd. said, “At Bajaj Finserv AMC, we believe that your money should work hard for you every day.

But the money lying with you in the form of savings or current account cannot do this work. Your money can grow even in a very short period. He says that by following our prudent risk management practice, our first priority is to provide safety of investment, followed by liquidity and then returns.

Note- What are liquid funds- Liquid funds come under the debt category of mutual funds. These schemes invest money in very short term market instruments. These include treasury bills, government securities and call money.

Liquid funds offer slightly higher returns than savings bank accounts. There is no problem of liquidity in these either. That is, you can withdraw money whenever you want.

This is the reason that their popularity is increasing among investors. Money comes to your account within a day of applying for withdrawal from these funds.

Experts say that liquid funds have the least risk. Not only this, they have the lowest volatility among all the categories of mutual funds. There is a special reason for this. In fact, these funds generally invest in instruments with high credit ratings (P1+). The Net Asset Value of these funds keeps on changing. It depends on the interest earned from the instrument.

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After the increase in the interest rate, many banks are giving more than 8 percent interest on fixed deposits. At some places, up to 9 percent interest is being given to senior citizens. If you are also planning to invest in FD, then here is information about some such banks, which are offering 8.30% interest on FD.

However, this interest rate is not applicable for all senior citizens. Bank Super Senior Citizens, who are 80 years or more, are being given. Let us know which are these banks, which are giving more interest on FD.

RBL Bank

For senior citizens above 60 years and below 80 years of age, this bank is giving 50 basis points more interest than common citizens on fixed deposits. This bank is giving 75 basis points more interest to senior citizens above 80 years. This means that this bank is giving 8.3 percent interest to the super senior citizens. This interest rate is effective from November 25, 2022.

Union Bank of India

This bank is giving 0.50 percent interest per annum to senior citizens, while super senior citizens are paying 0.75 percent interest every year. According to Union Bank’s website, after the increase on November 25, a maximum interest of 8.05 per cent is being given to super senior citizens on fixed deposits with a tenure ranging from 800 days to 3 years.

PNB

According to the bank’s website, senior citizens are being given 50 basis points more interest than the normal FD rate on FDs of less than 2 crores. While 80bps more interest is being given to super senior citizens. On the tenure of 666 days, 8.10 percent interest is being given to the super senior citizens. This interest rate is effective from 12 December 2022.

Indian Bank

According to the website of Indian Bank, under a special FD, an additional 0.25 percent interest is being given on FD to an elderly person of 80 years or more.

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New Delhi. One always wants to invest his deposited capital in such a place, in which his money is safe and at the same time he can get a certain return. But sometimes investing in the wrong place creates problems instead of profit. In such a situation, it becomes very important that you invest in the right place. Today we are telling you about some such schemes where you should consider investing. With these schemes, you start getting monthly income after a certain period of time. We are telling you about SBI’s annuity plan.

The country’s largest bank State Bank of India (SBI) is one of the safest options. SBI gives its customers the option of saving from Fixed Deposit (FD) to Public Provident Fund (PPF). You can earn money every month by investing in some schemes of the bank. So let’s know about these savings schemes…

SBI’s Annuity Scheme
: This scheme of SBI can be invested for a period of 36, 60, 84 or 120 months. The interest rate on investment in this will be the same as for term deposits for the chosen tenure. Suppose if you deposit funds for five years, then you will get interest at the same rate of interest applicable to fixed deposit for five years. Everyone can take advantage of this scheme.

A minimum of Rs 1000 can be deposited for monthly annuity in SBI’s annuity scheme. There is no limit on the maximum investment in this. In annuity payment, interest starts accruing after a certain period of time on the amount deposited by the customer. These plans are very good for the future.

Recurring Deposit (RD) Schemes
Generally middle class people secure their future by investing in RDs. In RD, a fixed amount is deposited every month through small savings and a fixed amount is received along with interest on maturity. Recurring deposit is very much liked among common people.

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