IDFC Mutual Fund new issue closes on 17th March
IDFC Mutual Fund has launched IDFC Fixed Maturity Plan Half Yearly Series-13, 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 new issue closes on 17th March. The minimum investment amount is Rs10,000.
Crisil Composite Bond Fund Index is the benchmark index. Anupam Joshi is the fund manager.
ICICI Prudential Mutual Fund new issue closes on 16th March
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 56-1 Year Plan B, a close-ended income scheme.
The investment objective of the plan 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 tenor of the scheme is 367 days.
The new issue closes on 16th March. The minimum investment amount is Rs5,000.
Crisil Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.
Survey for fourth quarter of 2010 says newspapers are doing well, especially local language dailies, except in Maharashtra where there is a decline in readership
The India Readership Survey results for the fourth quarter of 2010 has shown that internet has emerged as a tremendous force, whereas radio is facing a decline. While the top line has been preserved, Maharashtra appears to be the exception as far as growth of newspapers is concerned.
India continues its journey at odds with the West with respect to news readership. While in Europe and the US newspaper readership has fallen dramatically and many publications have folded up, in India the print business continues to grow. Most of it is fuelled by the growth of local language editions and the launch of new regional publications in the last two quarters.
Internet, too, has emerged as a powerful mass media channel. It is the only media which has recorded a growth of more than 30% over the last two quarters. From the second quarter, it has grown a phenomenal 35.9%.
Staying true to the trends, regional dailies have recorded growth in almost all states. The change can be attributed to increased literacy levels and widespread penetration of mobile and broadband connections.
The radio sector, however, has shown a decline of 9.8%, with the audience reduced from 17.26 crore in the second quarter to 16.39 crore in this quarter.
Barring a few, all Hindi dailies registered growth. The top three dailies, all Hindi-Dainik Jagran, Dainik Bhaskar and Hindustan-have retained their positions and increased their readership as well. Dainik Jagran currently enjoys a readership of 160.66 lakh, which is a marked increase of nearly 70 lakh from the last quarter. The Times of India continues to be the only English daily to feature in the top ten list.
In Maharashtra, however, eight out of the top ten dailies have recorded negative growth. Lokmat, which holds the top position, has seen a decrease of 3.9% in growth against that in the third quarter. Daily Sakal, which holds the second position, has seen a marginal growth of 0.45% and English daily Hindustan Times has seen a growth of 3.47% in the state, proving to be the only two exceptions.
Among the English dailies, Hindustan Times; with a readership of 35.92 lakh, followed The Times of India which has a readership of 75.24 lakh across India. The Hindu was in third position. The Telegraph, which limits itself to the eastern region, continues to grow, and is in fourth position.
Malayala Manorama, which is the fourth most popular daily with a circulation of 99.30 lakh remains the top vernacular publication, followed by Marathi Lokmat, which has a readership of 77.12 lakh. In Hindi magazines, Pratiyogita Darpan continues to lead, and the weekly India Today remains the top English magazine.