Tuesday, October 1, 2013

The shine is off FMPs

...........Post the RBI policy, yields on certificates of deposits have come off to around 10.5 per cent against 11 per cent and above before the RBI policy. As a result, FMPs that invest in a host of fixed-income papers such as certificates of deposits and government paper are likely to make marginally lower yields from their fixed income investments going forward, as compared to August...........

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