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Sundaram Finance’s wholly-owned subsidiary -- Sundaram Home Finance has revised the interest rates on term deposits with effect from Thursday, March 16, 2023. As a result, the interest rates for senior citizens on deposits of 12 months would be 7.95 per cent as against the earlier 7.70 per cent. For deposits of two to five years, the interest rates have been hiked to 8.25 per cent as compared to 8 per cent.
For individuals other than senior citizens, the company revised the interest rates to 7.45 per cent from the earlier 7.20 per cent on deposits of 12 months, 7.75 per cent on deposits of two and three years as compared to 7.50 per cent.
On deposits of four and five years, interest rates have been increased to 7.90 per cent from the earlier 7.65 per cent. For trusts, the interest rates increased to 7.45 per cent (from earlier 7.20 per cent) on one year deposits and 7.75 per cent from the current 7.50 per cent on two year deposits.
Sundaram Finance has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 6680.00 |
| Shriram Finance | 2329.70 |
| Aditya Birla Capital | 220.30 |
| SBI Cards AndPayment | 719.30 |
| Chola Invest & Fin. | 1252.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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