ICICI Prudential Mutual Fund has launched 'ICICI Prudential FMP- Series 49 - 3 Year - Plan A' scheme. This closed ended scheme has been launched with the objective of generating regular returns by investing in a portfolio of fixed income securities or debt instruments which mature on or before the date of maturity of the plan or scheme. However, there can be no assurance that the investment objective of the scheme will be realized.
The new fund offer (NFO) is opened for subscription from August 31, 2009 to September 22, 2009. The face value of the new issue will be at Rs.10 per unit. The scheme offers three options i.e. retail option, institutional option and institutional option I. Cumulative and dividend sub-options will be available under all the options. Dividend payout facility will be available under the dividend sub-option. The minimum investment amount under retail option is Rs.5,000, institutional option is Rs.25 lakhs and institutional option I is Rs.10 lakhs and in multiples of Re.1 thereafter. In the month of August, investments in mutual funds slumped substantially with the industry witnessing a net fund inflow of over Rs.32,600 crore, a 74 percent decline on a month-on-month basis. At the end of August, investors poured in funds worth Rs.32,673 crore, down from Rs.1,23,679 crore at the end of July, a monthly report by Association of Mutual Funds of India said. Despite the slump in the volume of net investment, investors continued to prefer mutual funds as an investment option as inflows continued for the second straight month. So far this fiscal, the MF industry has seen net inflows worth Rs.2,56,755 crore, while the same was at Rs.48,128 crore in the first five months of the previous fiscal.Under the new scheme, it is proposed to make investments in debt securities which mature on or before the date of maturity of the scheme. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Chaitanya Pande is appointed as the Fund Manger of the scheme
Kingfisher Airlines plans to raise funds by a rights issue and issue of global depositary receipts (GDR) in the current financial year.
Wednesday, September 23, 2009
Saturday, September 19, 2009
indian education system
Indian Education
With its plurality and paradoxes, India never ceases to fascinate. And education in India is only one among various other elements that have captured the attention of the world. While the United Nations is worried about the presence of a large number of illiterates, various other countries are amazed by the quality of some of the human resources that the Indian education system has produced. The growth of the Indian economy in the recent past and the compulsion to sustain it is also forcing the Indian government to accelerate the process of developing all the branches of the Indian education system. Therefore, it would be very interesting to understand and analyze the various structures of education in India, its present condition and future developments
Regards to reader
With its plurality and paradoxes, India never ceases to fascinate. And education in India is only one among various other elements that have captured the attention of the world. While the United Nations is worried about the presence of a large number of illiterates, various other countries are amazed by the quality of some of the human resources that the Indian education system has produced. The growth of the Indian economy in the recent past and the compulsion to sustain it is also forcing the Indian government to accelerate the process of developing all the branches of the Indian education system. Therefore, it would be very interesting to understand and analyze the various structures of education in India, its present condition and future developments
Regards to reader
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