DSP BlackRock Mutual Fund new issue closes on 28th March
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 18, a close-ended income scheme.
The investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The scheme may also use fixed income derivatives for hedging and portfolio balancing. The tenor of the scheme is 12 months.
The new issue closes on 28th March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager for the scheme.
Daiwa Mutual Fund new issue closes on 30th March
Daiwa Mutual Fund has launched Daiwa Government Securities Fund-Short Term Plan, an open-ended gilt fund.
The scheme seeks to generate income and capital appreciation by investing predominantly in sovereign securities issued by the central government (including treasury bills) and/or by state governments, with maximum average portfolio maturity of three years.
The new issue closes on 30th March. The minimum investment amount is Rs10,000.
I-Sec Si-bex Index is the benchmark index. Killol Pandya is the fund manager for the scheme.
Bharti AXA Life Insurance has added new service initiatives to assist its customers
Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, has added new service initiatives to assist its customers.
Bharti AXA Life, in October 2010, launched a service "Release of Fund Value within 48 hours of claims intimation." The new service initiative provides the customer with a guarantee that the claims will be processed on priority and aims to alleviate his fears around this process. The guarantee is further backed by a penalty of 1% of the fund value, for every day of delay that would be paid to the customers. The focus on the principal moment of truth, claim settlement, was aimed at linking Bharti AXA Life with 'trustworthiness', 'speed' and 'simplicity'.
Living up to this guarantee, as it has settled 296 claims (99.66%) and none are pending from the 301 intimations received till date. On an average, claimants have been informed about settlement through SMS with cheque numbers in 28.23 hours, while cheques have been disbursed on an average in 30.26 hours.
Bharti AXA Life has developed a customer charter that outlines the cutting edge services they offer. The first initiative under the new customer charter has been the launch of an e-Self Service module where policy holders can manage their policies online. They can check their fund values, make fund switches, pay premium, reinstate their lapsed policies and download premium receipts or fund statements. The self service module is also available for the policy holders on their mobile phones.
In addition, Bharti AXA offers a wide array of premium payment options to customers including multiple online payment options, mobile payment, payment on IVR, cash/cheque payments at branches and retail partner outlets with 1 lakh plus points of presence across the country as well as auto-debit to bank account or credit card facility.