Fixed deposits starting for a period of six months to three years has been launched by Omaxe Limited. The company with these fixed deposits is planning to raise capital of Rs. 250 crores. Rs. 25,000 will be the minimum amount of investment in the fixed deposits followed by multiples of Rs. 1000 thereafter.
Omaxe Limited is in real estate development business with a presence in 12 states across 39 cities and focus on Tier 2 and Tier 3 cities.
Colour codes will be provided to Mutual funds to signify the risk grade attached to them. Retail investors will now easily be able to judge the risk attached to their mutual fund investments and take their investment decisions wisely. High risk assets will be marked red, while moderate risk assets will be yellow marked and green for low risk plans.
The colour codes will be applied to both equity and debt related mutual fund products. The company claims to offer a 15.07% return per annum – annualized yield for 3 years cumulative scheme.
More information – www.omaxe.com/omaxefd