HDFC Mutual Fund has launched an open ended Gold Exchange Traded Fund, which aims to generate returns in line with the performance of gold. The scheme will invest 90% to 100% in gold bullion. Each unit, approximately equal to 1 gm of gold, will be issued at a premium equivalent to the difference between allotment price and face value. The new fund offer will be available from 25 June, 2010 to 23 July, 2010. Investors can investment a minimum amount of Rs 5,000. The scheme will not charge any entry and exit load. The scheme will be benchmarked against domestic price of physical gold.
What are the factors affect the changes in rate of Fixed Deposits? Fixed Deposits are now considered to be a very old fashioned method of saving, but still attract many investors since they have guaranteed returns at the end of the tenure of the investment at a decent interest rate. There are various factors that affect the rates of interest for a Fixed Deposit. Policies of the Reserve Bank of India - The several norms and restrictions posed by the Reserve Bank of India , in order to gain optimum control over credit and inflow and outflow of fund throughout the country. The repo rate changes, cash reserve ration tends to change and these changes affect the banking products like Fixed Deposits, loans etc. Recession - When unemployment in a country crosses the benchmark set Recession hits, and slowly the country faces an economic slow movement, affecting the purchasing power of the people in the country, forcing the Reserve Bank of India to release more funds in the financial marke...
