IDFC MF introduces ‘Plan C in IDFC Super Saver Income Fund’

Submitted by Varun Jain on Tue, 02/17/2009 - 20:32

IDFC MF introduces ‘Plan C in IDFC Super Saver Income Fund’IDFC Mutual Fund, India's largest and most active private equity fund focused on infrastructure has introduced a new investment plan christened 'Plan C in IDFC Super Saver Income Fund' Investment Plan with effect from 16 February 2009.

The schemes offer growth and dividend option and the dividend option further offers dividend payout and reinvestment scheme.

The minimum application amount of the scheme is Rs 5000 and in multiples of Re 1 thereafter. The NFO price of the fund is Rs 10 per unit.

According to officials, the scheme will not charge any entry load. However it will charge an exit load of 1.25% of NAV on investors who purchase / switch in and seek to redeem/switch out such units (irrespective of any amount) within 1 year from the date of effecting such purchase/switch in.
In addition, Investors opting for PEP/dividend reinvestment option /SWP or switch between options will not be levied an exit load.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010