Indian Stock Markets

Its almost time for our FM to bring out the budget for the year 08-09. The finance minister will present the fifth and the last budget of the UPA government. He has been considering the two facts inflation and the GDP growth. The estimated GDP growth has been revised from 9.3 % to 8.6 % and Mr Chidambaram is more optimistic about these data.. Lets watch out what happens and more about TAX..

The US market has taken a hit as the growth in the domestic product has seen a slowdown. Analysts says that US economy is at its slowest pace since last five years. The crude Oil is hovering around $ 100 a barrel and higher profit booking may be seen at these levels in the next week.

The pnb Paribas has filed an offer document for its new mutual fund called Pnb fixed maturity plan series 15.

Its a close ended debt scheme with two options:

• Growth
• Dividend

The fund is issued at a face value of Rs 10 and the minimum application amount is Rs 1000. There is no entry charge but an exit charge of 1.00% if redeemd before the date of maturity.

          The Pnb paribas has an average returns of 28-36 % of annual returns. Its good to invest in this fund for a short term period with limited exposure to money market securities.