Mutual funds have monthly income plans – MIPs – that provide a monthly dividend; how do these compare against FDs? First, note that MIPs are not risk free – they invest a little in equities as a “kicker”. So if you’re looking for ultra ris…

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From the Times: The finance ministry on Monday approved issue of bonds by railways worth Rs 5,000 crore for the financial year ending March 31, 2010. The bonds will be issued by Indian Railway Finance Corporation (IRFC), which will be tax-free,…

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