ICICI Pru MF new issue will close on 17th June
ICICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund-Series I-24 Months Plan, a close-ended capital protection oriented fund. The tenure of the scheme is 735 days. The new issue will close on 17th June.
The investment objective of the Plan is to protect capital by investing in quality debt securities and money market instruments and to provide capital appreciation by investing the balance in equity and equity related securities.
The scheme will allocate up to 88% to 100% of assets in debt securities & money market instruments with low to medium risk profile. On the flipside it would allocate up to 12% of assets in equity and equity related securities with medium to high risk profile.
The minimum investment amount is Rs5,000. Crisil MIP Blended Index is the benchmark index. Chaitanya Pande (debt portion) and Mrinal Singh (equity portion) will be the fund managers.
ICICI Pru Mutual Fund new issue closes on 13th June
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 57-1 Year Plan B, a close-ended income scheme.
The investment objective of the Plan under the Scheme is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme.
The new issue closes on 13th June. The minimum investment amount is Rs5,000.
Kapil Punjabi will be the fund manager for the scheme. CRISIL Liquid Fund Index is the benchmark index.
Alibaba.com is eyeing a 50% rise in number of registered SMEs from India to three million by FY12 end
With China fast losing its edge as a sourcing hub, global e-commerce major Alibaba.com is eyeing a 50% rise in number of registered SMEs from India to three million by FY12 end, a senior official said.
"China is losing its lustre and many buyers are increasingly opting for other markets...we expect growth from India to continue to be 50% which will take us to 3 million accounts by March-end," the company's country general manager Sandeep Deshpande told PTI.
He listed appreciation of the Chinese Renminbi versus the US dollar, rising labour costs and increasing instances of tax subsidies to special economic zones being taken off as the disadvantages affecting China currently.