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Principal Bank CD Fund

Invest Principal Bank CD Fund Online
 
 

Principal Bank CD Fund is positioned to capitalize the above opportunity as the fund aims to invest in Bank CD's of upto 1 year and lock-in funds at a relatively higher yields. This will enable the portfolio to benefit from the high accruals available in these papers in this quarter.

 

Investment Strategy:

ü  Invest primarily in private sector bank CD's

ü  Invest up to 20% in 1 year NCD's issued by Housing finance companies or companies which have recently received small banking license from RBI

ü  Higher accrual in NCD's (approx. 50 to 200bps) to provide a yield pick up to the overall portfolio

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