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Know about Commercial Papers (CPs)

 


 
CPs are unsecured money market instruments issued to meet short-term needs of companies. NBFCs are primary issuers of CPs.

CPs can be issued for maturities ranging from 7 days to a year from the date of issue. Interest rates are determined by market forces of supply and demand.

CPs have to compulsorily be rated by a credit rating agency and the minimum credit rating has to be A2.

CPs are purchased primarily by institutional investors such as mutual funds. Retails investors can indirectly participate in this market by buying short term debt funds.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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