Offshore India Bond Fund is to be launched by HSBC Global Asset Management. The Company has planned to launch Offshore India Bond Fund over the next few months.About Offshore India Bond Fund, Economic Times quotes a statement of Sridhar Chandrasekharan, chief executive, HSBC Global Asset Management, “Given the long term confidence, the credit, rates and currency considerations have made Indian fixed income attractive.”Further he adds, “Helpful in this has been the ultra-low interest rate environment in much of the developed world, and also the steps taken to allow foreign investors to access the Indian fixed income market, although more needs to be done.”It writes his statement, “A lot of other countries are also facing similar issues, even in the developed world, and hence investors will always look at relative value...
Taurus Banking & Financial Services Fund Launched by Taurus Mutual Fund
Recently, Taurus Mutual Fund launched Taurus Banking & Financial Services Fund which is the first sector fund of the Company.An online news portal about business and economy – www.economictimes.indiatimes.com reported about Taurus Banking & Financial Services Fund, “The fund will be actively managed and benchmarked to the BSE Bankex. Being a sectoral fund, the portfolio could be concentrated. The fund manager will invest with a long term horizon and a time frame of 3 to 5 years. The minimum investment amount is Rs 5,000. While there is no entry load, there is an exit load of 1% if you redeem before the completion of one year of allotment of units. The NFO closes on May 16, 2012.”Further it added, “The central bank reduced repo rates by 50 basis points, signaling rates have peaked out and could be headed downwards....
New ULIP Launched by Reliance Life Insurance
Recently, Reliance Life Insurance Company (RLIC) which is a part of Reliance Capital Ltd announced to launch a new unit-linked insurance plan. The new ULIP of RLIC comes with both regular as well as single premium options.About the new Reliance Life Insurance ULIP, online news portal - economictimes.indiatimes.com about business and economy quotes a statement of Malay Ghosh, President and ED, Reliance Life Insurance, “This is the first time that RLIC is introducing a new life cover option in its ULIP portfolio and it offers customer life cover benefit that is equal to the sum assured or the fund value, whichever is higher.”Further he adds to the ET, “This feature is a clear differentiator from the existing ULIP plans in our portfolio that offer life cover benefit that is equal to the sum assured plus fund value.This new...
IDBI Dynamic Bond Fund Launched by IDBI Mutual Fund
There is a new fund offer (NFO) from IDBI Mutual Fund, Mumbai Asset Management Firm known as IDBI Dynamic Bond Fund. The fund is featured with generating income while maintaining liquidity on a minimum investment of Rs 5,000. It opens from 31st January, 2012.An online news portal about business and economy - economictimes.indiatimes.com, writes about IDBI Dynamic Bond Fund, “The scheme will invest in portfolio comprising debt instruments like government securities, PSU and corporate bonds and money market instruments.”The news portal quotes a statement of Debasish Mallick also about IDBI Dynamic Bond Fund who is the IDBI Asset Management managing director and chief executive, “Debt is the flavour of the market. People consider debt to be the best option compared to equities which is still considered uncertain”Further he...
Reliance Mutual Fund Any Time Money Card Launched
Reliance Mutual Fund launched “Any Time Money Card” to give retail consumers instant access to their mutual fund investments.An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Himanshu Vyapak, CEO of Reliance Capital Asset Management Ltd., “Reliance Mutual Fund is the first fund house in the country to launch this card that offers all the convenience of a debit card for investments made in Reliance mutual fund schemes.”Any Time Money is the first card in India launched by Reliance Mutual Fund to offer all the convenience of a debit card for investments in RMF.Further he said in his statement about Reliance Any Time Money Card, “For long, investors have been shying away from investing in MF schemes, especially liquid funds, primarily for lack of options that assure them...
Triple Health Insurance Plan Introduced by Bharti AXA Life
Recently, Bharti AXA Life introduced a new critical illness plan - Triple Health Insurance Plan. It covers up to 3 unrelated critical illnesses.An online news portal about business and economy - economictimes.indiatimes.com, writes about Triple Health Insurance Plan, “The sum assured is paid out in lump sum upon diagnosis of ailments covered under the policy. While other critical illness covers cease once the claim is disbursed, this product promises to extend the cover to include three critical illness claims during the life of the policy.”Further it adds, “However, it is restricted to 13 diseases or conditions covered by the policy. The claims can be to the extent of 100% sum assured for all the three illnesses, provided they do not fall in the same group as listed by the policy, which covers 13 such ailments, segregated...
Capital Protection Oriented Fund Launched by SBI Mutual Fund
Recently, SBI Mutual Fund launched a close-ended Capital Oriented Fund. It is featured with the twin objective of capital protection and growth.An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement about SBI Capital Protection Oriented Fund, “The objective of the three-year close-ended fund is to protect the capital invested on maturity of the scheme through focused investments in equity, debt and money market instruments, at the same time also seeking to provide investors with opportunities for long-term growth in capital.”SBI Capital Protection Oriented Fund is aimed to fulfill the objective of protecting the 3-year close-ended fund from the capital invested on maturity of the scheme. It protects the fund focused in equity, debt and money market. It seeks investors also to...
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