Investors will soon get the option of investing in tax-free infrastructure bonds worth Rs 10,000 crore, as the National Highways Authority of India (NHAI) plans to come out with a public issue by the middle of November. “We plan to raise the entire amount through a public issue in one go, because we need money […]
Insurance regulator Irda on Thursday said that quoting PAN number would be mandatory for making cash payments of more than Rs 50,000 in insurance premium, a move which would help the authority track sources of funds. “With a view to ensuring that premiums are paid out of clearly identifiable sources of funds, it has been […]
Strange as it may sound, with as many as one-third of its population still living in poverty, the country is also home to the second largest number of affluent people with a whopping three million households which have over USD one lakh of investible funds. According to a survey by the global market research agency […]
Company Tata Asset Management Limited Scheme Tata Retirement Savings Fund (for presentation click here) NFO Opens on 7-Oct-11 NFO Closes on 21-Oct-11 Minimum Investment Rs. 5000 Initial Offer Price Rs.10 About An Open Ended Fund of Funds Scheme 85-100% in Equity, 0-15% in Debt and MMI, 0-10% Other Securities Objective The objective of the Fund […]
Company HDFC Asset Management Company Limited Scheme HDFC Gold Fund NFO Opens on 7-Oct-11 NFO Closes on 21-Oct-11 Minimum Investment Rs. 5000 Initial Offer Price Rs.10 About An Open Ended Fund of Funds Scheme 95-100% Units of HDFC Gold ETF 0-5% Debt & Money Market Instruments Objective The investment objective of the scheme is to […]
Surojit Pandya, an India-born US citizen, wanted to invest in an Indian mutual fund scheme, but was told that the fund house does not accept investments from people residing in the US. Most US-registered mutual fund companies which have India operations do not accept investments from Indians living in the US as they are bound […]
Union KBC Asset Management Company Pvt Ltd (Union KBC), a subsidiary of Union Bank of India, is to introduce mutual fund-related transactions through ATMs. Initially, the facility christened as ATMfunds@Union Bank will be available to all the customers of Union Bank, who have a debit card. The facility will be launched nationwide this month, Mr […]
Company DSP BlackRock Investment Managers Private Limited Scheme DSP BlackRock World Agriculture Fund NFO Opens on 30-Sep-11 NFO Closes on 14-Oct-11 About An Open Ended Fund of Funds Scheme 95-100% Units of BGF – WAF 0-5% Money Market Instruments, Units of Debt Schemes of DSPBR MF Objective The primary investment objective of the Scheme is […]
Company Axis Asset Management Company Ltd. Scheme Axis Gold Fund NFO Opens on 30-Sep-11 NFO Closes on 14-Oct-11 About An Open Ended Fund of Funds Scheme 95-100% Units of Axis Gold ETF 0-5% Debt & Money Market Instruments Objective To generate returns that closely correspond to returns generated by Axis Gold ETF. To Download Forms […]
The struggling domestic mutual fund industry has reasons to smile, in spite of tight regulatory scenario and poor penetration. The fund houses’ continuous investor awareness programmes across the country have finally started showing results. The mobilisation of funds from retail investors through the systematic investment plan (SIP) route has shown a steep rise of over […]
