Bharti AXA General Insurance Company has launched risk management advisory and consultancy studies for small and medium enterprises in Andhra Pradesh
Bharti AXA General Insurance Company has launched risk management advisory and consultancy studies for small and medium enterprises (SMEs) in Andhra Pradesh. This is a part of the company's strategy of offer value added services to its select clientele and prospects in the field of loss prevention and risk management, offering the widest range of risk management services.
The company is offering pre-acceptance survey with specialised consultancy studies at a nominal cost across select evaluation, audits and surveys. These include general safety audit, fire safety audit, electrical safety audit, post loss survey, risk inspection amongst others, Dr Amarnath Ananthanarayanan, CEO and MD Bharati AXA General Insurance said. The strength of the risk engineering services may be attributed to the wide experience of professionals who have carried out over 5,000 different assignments for all types of industries over a period of nearly three decades. "We have an estimated 13 million SME pool in the country. Most of them find it taxing and some almost impossible to recover from catastrophic events. This is owing to the nature of the SME business wherein the capital is infused largely by a single promoter. A single devastation can wipe out livelihood for these promoters and people working for these SMEs. Further, partners, vendors and customers prefer to work with SMES who are insulted from such risk." When asked the company came into SME business two years ago and the service have gone up from Rs320 crore in 2009-10 to Rs570 crore in FY10-11.
SBI Mutual Fund new issue closes on 28th March
SBI Mutual Fund has launched SBI Debt Fund Series-90 Days-42, a close-ended income scheme.
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising
debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme.
The tenor of the scheme is 90 days.
The new issue closes on 28th March. The minimum investment amount is Rs5,000.
CRISIL Liquid Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.
Kotak Mahindra Mutual Fund new issue closes on 25th March
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 43 (367 Days), a close-ended income scheme.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. The tenor of the scheme is 367 days.
The new issue closes on 25th March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Index is the benchmark index. Deepak Agarwal and Abhishek Bisen will be the fund managers for the scheme.