The Reserve Bank of India has announced the final redemption price for Sovereign Gold Bonds (SGBs) issued on August 5, 2016. The central bank has fixed the final redemption price at Rs 6,938 per gram, which is 122 percent higher than the issued price. The gold bonds were issued at a price of Rs 3,119 … Read more
An MLD is a type of debenture that does not pay any coupon before maturity. Synopsis “Wealthy investors are now looking short term as the interest rate cycle will likely turn after 12-18 months,” said Ajay Manglunia, head of debt capital market at JM Financial. “MLDs are gaining popularity in this environment as the absolute … Read more
An MLD is a type of debenture that does not pay any coupon before maturity. Synopsis “Wealthy investors are now looking short term as the interest rate cycle will likely turn after 12-18 months,” said Ajay Manglunia, head of debt capital market at JM Financial. “MLDs are gaining popularity in this environment as the absolute … Read more
(This story originally appeared in on Apr 09, 2021) Mumbai: Aditya Birla Sun Life Mutual Fund is giving an option to investors in six of its fixed maturity plans (FMPs) to roll over their investments in these funds for one or two years. Those who want to take their money out will get it on … Read more