THIS WEEK TOP RATED FUNDS TO INVEST

Given below are some of the deposit offerings from top-rated corporate houses. You will find products of different tenures and interest options to match your needs.
Top rated deposits to invest in
HDFC Limited
HDFC has been able to mobilise deposits from over 10 lac depositors. Much of this success can be attributed to its strong brand image, superior services, security and above all, the significant contribution made by HDFC's deposit agents.
HDFC LIMITED	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	MAAA	FAAAA	N/A	N/A	9.65%	9.75%	9.50%
SHRIRAM TRANSPORT FINANCE CO.LTD
Shriram Transport Finance Company Limited (STFC), India's largest player in commercial vehicle finance, was established in the year 1979. The company has a network of 479 branches and service centers. STFC is the flagship company of the Shriram Group which has significant presence in Chit Funds, Consumer Durable Finance, Life Insurance, General Insurance, Stock Broking, Property Development, Project Engineering, and Wind Energy among others.
Bitmap SHRIRAM TRANSPORT FINANCE CO.LTD	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	N/A	N/A	TAA	N/A	9.25%	9.75%	N/A
Mahindra and Mahindra Financial Services Ltd
Being a subsidiary of Mahindra and Mahindra Financial Services Ltd, the company is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, they provide finance for utility vehicles, tractors and cars and have the largest network of branches covering these areas.
Bitmap Mahindra and Mahindra Financial Services Ltd	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	N/A	FAAA	N/A	N/A	9.50%	10.00%	10.25%
LIC Housing Finance Ltd.
LIC Housing Finance Ltd. is one of the largest Housing Finance Company in India. The Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format.
LIC HOUSING FINANACE LTD	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	N/A	FAAA	N/A	N/A	7.00%	7.40%	7.65%
ICICI Home Finance Company Limited
("ICICI Home Finance" or "ICICI HFC") is one of the leaders in the Indian mortgage finance and realty space. Part of the ICICI Group, the company has been driving innovation and growth in this sector.
ICICI HOME FINANCE COMPANY LIMITED	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	MAAA	N/A	N/A	N/A	8.25%	8.75%	8.75%
DHFL
Incorporated in 1984 DHFL is among the oldest private sector housing finance companies (HFC) in India. It is the fourth largest housing finance company with a total asset size of around INR 63.95 billion as on March 31, 2009.
DHFL LTD	RATINGS				Interest Rates
	ICRA	CRISIL	FITCH	CARE	1 YEAR	2 YEAR	3 YEAR	Action
	N/A	N/A	N/A	AA+	10.25%	10.25%	10.25%
Happy Investing.

Deregulation of interest rates

Deregulation of interest rates

In the wake of deregulation of interest rateson savings bank deposits by Reserve Bank of india

Many banks have announced upward revision in interest rates on savings deposits, some banks

Are however taken a novel way of rewarding there depositors. They have come out with a new term unfixed deposits scheme. Not just that they will get full liquidity on their deposits. Unlike the conventional fixed deposits ‘ un fixed deposits ’ allow depositors to withdraw money any time prior notice and without losing out  on interests.

Karur Vysya bank has come out with a product- flexi term deposit- a high return short term flexible deposit. The interest rate offered by the bank is 9 % , but the minimum amount deposit is 15 Lakh and tenor is 300 days. If one with draws the deposit amount any time  after 15 days of opening the term deposit there will be no penal interest or penalty.

The State Bank of India on its part has come out with unfixed deposits offering interest rate 8.5%, it has fixed a higher minimum amount of 1 crore and above. The period ranges from 7 days to 180 days.

Yes Bank is offering 9.6percent on deposits of 15 months 22 days to 15 months 26 days  (which in clued 480 days ).

Saraswat co-op bank has launched a term deposit scheme ( Bonanza 11 ) for 2 years only for which it offers 10.25% for all categories  of depositors. It offers 9% for deposits of 180 days only.

THE INSURANCE FIASCO

In the year 2010 IRDA came heavily upon insurance companies against misselling  of insurance policies ,as a result many of the ULIP policies have been asked to be withdrawn. IRDA license made compulsory for those selling insurance policies for the benefit of the  the public.

But still many corporate agencies,broker houses, and NBFCs are selling insurance policies flouting all the rules and stipulations made by IRDA. Policies are being sold by giving false promises to the investors telling them they get their money doubled after 5 years .

There is no transparency in selling the policies, even public sector and private sector banks are doing misselling of policies

The very purpose of taking an insurance policy is to compensate the income loss to the family in case of any untimely sudden death happens to the sole bread winner of the family who should be the policy holder. Here policies are being sold to people who dosent have even any regular income or no income. The policies are  being sold as an investment. Even the signatures required in the proposal forms are being forged and duplicated since the policy holder resides outside india concealing the very fact.

It is high time the IRDA authorities look into the matter by thorough inspection and audit so that the culprits are to be identified  and the innocent public being saved from being stashed away their hard earned money

As a word of caution – INVESTORS BEWARE  OF UNSCRUPLOUS INURANCE AGENTS.

ABOUT YELLOW METAL

HDFC Bank sells silver at over Rs70,000 when the National Spot Exchange sells it for around Rs53,700 and the local jeweller sells silver for Rs55,000! And gullible customers are buying

Moneylife Digital Team
Banks have hit upon a new idea to get a larger share of your wallet-retailing gold and silver. While the banks claim that buying gold or silver from them is a wise decision, if you want to buy gold or silver don't go to your bank!

Buying gold or silver from a bank may give you the satisfaction about the purity of silver as a bank is more reputable than the jeweller next door, but it also means that you pay much more.

HDFC Bank was the first bank in the country to sell physical silver. You will be surprised to know the rates that HDFC Bank is charging for gold and silver compared to the rates at the local jewelers, or even the National Spot Exchange Limited (NSEL). Silver is available at jewellers at between Rs55,000 and Rs56,000 a kg, whereas HDFC Bank is offering the white metal at Rs74,040 a kg. Those keen can buy e-silver from the National Spot Exchange at Rs53,700 a kg. It's the same for gold too. Jewellers are quoting around Rs22,300 to Rs22,500 per 10gm and one can also buy e-gold from NSEL at Rs22,300, however, HDFC Bank is quoting around Rs25,943 per 10gm.

But why this huge price difference?

When asked about the price issue, a spokesperson for HDFC Bank said, "It is true that we charge more than the market price, but this is because of purity, 24-karat gold made in Switzerland with Assay certification, that signifies the highest level of purity as per international standards and convenience." Some top jewellers challenge this, saying there is no difference between the gold and silver they sell and that sold by HDFC Bank    

ABOUT THE YELLOW METAL

IT IS KNOW TO ALL THAT THE PRCE OF THE GOLD IS DETERMINED BY ITS PRICE IN THE
INTERNATIONAL BULLION MARKET- YET THE PRICE OF GOLD VARIES FROM BANK TO BANK IN THE SAME DAY  WHY?     

IN TODAYS CHANGING GLOBAL SCENERIO IT NEEDS CAREFUL THOUGHT THOROUGH KNOWLEDGE AND INGENUITY TO CREATE LONG STANDING WEALTH