BSE Brokers’ Forum elects Siddharth Shah as chairman

The office bearers elected are Siddharth Shah (chairman), Alok Churiwala (vice chairman), Uttam Bagri (secretary), Lalit Mundra (Jt secretary) and Dipan Mehta (treasurer)

BSE Brokers’ Forum has said that it has elected Siddharth Shah as its chairman for the years 2011-12 and 2012-13. The Apex Management Committee of the BSE Brokers’ Forum, the 742 member strong association of the trading members of the BSE has been reconstituted. The Committee consists of 5 office bearers and 17 membersThe office bearers elected are Siddharth Shah (chairman), Alok Churiwala (vice chairman), Uttam Bagri (secretary), Lalit Mundra (Jt secretary) and Dipan Mehta (treasurer).

On the development Siddharth Shah said, “It is challenging time for broking community. Apart from streamlining operations and compliance, our thrust in the coming months will be to bring back retail investor back to market, protecting investor by appropriate training and kick start BSE F&O segment.”

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IDFC Mutual Fund unveils one year fixed maturity plan

IDFC Mutual Fund new issue closes on 31st October

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan Yearly Series 53, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. The tenure of the scheme is one year.

The new issue closes on 31st October. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Fund Index is the benchmark index. Anupam Joshi is the fund manager.

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Birla Sun Life MF floats 367 days fixed term plan

Birla Sun Life MF new issue closes on 31st October

Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series DS, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The tenure of the scheme is 367 days.

The new issue closes on 31st October. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta is the fund manager.

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