The NFO of HDFC Manufacturing Fund, managed by Rakesh Sethia, is currently open and closes on May 10. Investors can start with ₹100 in this fund, and the scheme will be benchmarked to the Nifty India Manufacturing TRI Index. An exit load of 1% will be levied for redemption made within a month of investment.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,