Mutual Funds
IIFL launches new dividend opportunities fund

The new scheme aims to provide returns to investors by investing in 50 high-dividend yielding stocks

Mumbai: IIFL Mutual Fund, a subsidiary of India Infoline, launched an open-ended fund called IIFL Dividend Opportunities Index Fund, reports PTI.

The objective of the scheme is to provide returns to investors by investing in 50 high-dividend yielding stocks, IIFL AMC chief executive Gopinath Natarajan told reporters.

The minimum subscription amount for the scheme, which opens 6th June and closes on 19th June, is Rs5,000. The fund will also offer monthly and quarterly investment plans.

The fund house will be investing in the stocks across 25 diversified sectors, comprising large and mid-cap stocks, he said.

“The scheme is good for those who aim to reap benefits from high-dividend yields, cash-flow generating companies, which share their profits by way of dividends. The scheme is not only suited for investors looking at tactical allocation but also to those looking at potential long-term gains,” Mr Natarajan said.

The fund offers two options -- growth and dividend -- as well as a speciality facility of systematic investment plan.

“There is no entry load, while an exit load of 1% will be charged for exit before one year from the date of allotment. The units of the scheme are available in the demat mode also,” he added.

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COMMENTS

Ravindra

5 years ago

There is lot of air. However what is required is GAS.

anantha ramdas

5 years ago

Mukesh Ambani's idea of buy-back is profitable for those who got the shares at the face value of Rs 10. But if the dividend is 100% every year, why should anyone sell back to the company even at 70 times the original investment? If one did this, where will he go for reinvestment that can get him/her a similar return? Besides the scope and prospects for the company to grow further are great.

One thing that Mukesh can do; he did this earlier, by not taking the bonus shares given by the company to all the shareholders. Likewise, he can simply say "enough is enough" and volunteer to sell whatever is the balance of the shares that were unavailable for purchase from the shareholders by surrendering his holdings? How'zzzthat?

subra

5 years ago

sure many things are wrong, but the cash on hand has to be true. He can always buy Future Group (13k crore) on his way to 50k crore. Not willing to buy the share as yet, but looks like a good investment with a 4-5 year perspective, though my broker says NO.

Ratanlal Purohit

5 years ago

I DONT UNDERSTAND HOW TO MANIPULATE MARKET. I DONT UNDERSTAND HOW TO BECOME SUPER RICH WITH OTHERS STAKE. I AM NO STAKE HOLDER UN RIL.
MUKESH IS. HIS FATHER WAS.
HOW HIS BALLON IS STILL NOT DEFLATED HE ONLY KNOWS. BUT ONE THING IS SURE HE KNOWS GREASE. THE GREED FEEDS HIS BUSINESS. NATIONAL WEALTH IS WHAT HE PLAYS WITH APLOMB. GREASE KEEPS HIS JUGGERNAUT MOVING WITHOT FRICTION SMOOTHLY.
WHAT HE TELLS AND WHAT HE DOESNT IS HIS BUSINESS. THE BUY BACK IS CBD. CONFIDENCE IN BUSINESS BUILDING MEASURE. ITS VERY PURPOSE IS ACHIEVED. NO DISTRESS SALES. BALOON HAS TO BE KEPT HIGH FLYING FOR NOBODY TO PUNCTURE IT LIKE SOAP BUBBLE.
MUKESH AMBANI YOU ARE HIGH AND MIGHTY. YOU ARE GOING GREAT GUNS.
KEEP IT UP.
I MEAN THE BUBBLE.

Anil Agashe

5 years ago

If buy back has not succeeded it must be because shareholders are not willing to sell their shares and believe that future value is going to be better. Mukesh can't do anything about his.
If he is planning to increase retail turn over what is wrong? RIL can sustain the loss the same way as ITC is doing on FMCG.
Oil and gas clearances must come thorough quickly, it is in the interest of nation. Why is it not flowing from ONGC and GCPL? GCPL actually claimed their reserves are more than RIL. Look at what Modi has said at the time of discovery.
There may be many things wrong with RIL, but there are some good things as well.

SANarayan

5 years ago

On the gas front, RIL is looking for price increase from GOI. The moment that is given, production of gas will zoom!

REPLY

telsmon

In Reply to SANarayan 5 years ago

YOU ARE ABSOLUTELY RIGHT. GAS PRICE WILL COME FOR REVISION IN 2014, TILL THAT TIME HE WILL NOT PRODUCE GAS. MUKESH IS A VERY GOOD MERCHANT, HE KNOWS HOW TO GET GOOD PRICE FOR HIS PRODUCE MILKING EVERYONE ON THE WAY, PEOPLE OR GOVT.

SANarayan

In Reply to telsmon 5 years ago

RIL's proposal tp GOI for integrated development of all offshore fields to boost gas production is only a ruse to recover, as production cost, which gets accounted upfront, what he may not get as price increase for gas before 2014.

Aviva launches online health insurance plan

The Aviva Health Secure plan provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy

New Delhi: Private sector life insurance company Aviva launched online health plan called 'Health Secure', reports PTI.

The plan provides the policyholder with a lump sum amount on diagnoses of any critical illness covered by the policy thereby ensuring that the family has adequate funds to meet the unplanned medical expenses and get the best possible treatment, Aviva said in a statement.

Available exclusively on the online platform, the policy can be bought for a nominal premium starting Rs2,000 per year from its website, it said.

While the minimum sum assured is Rs5 lakh, the maximum is Rs50 lakh. The plan can be bought by a person from 18 years to 55 years of age for a minimum policy term of 10 years and a maximum term of 30 years, it added.

The 12 critical illnesses covered by the plan include heart attack, stroke, cancer, end stage kidney failure, major organ transplant, and coronary artery bypass surgery, it said.

Unlike the health insurance product offered by the non-life companies which are indemnity based, it said, Health Secure offers the policyholder a lump sum based on the sum assured for each of the illnesses irrespective of the hospital bills.

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Ajit Singh gathering political support for FDI in aviation

After speaking with NCP, the civil aviation minister is trying to get support from Trinmool Congress leader Mamata Banerjee and the DMK for FDI in aviation

New Delhi: Civil Aviation Minister Ajit Singh will soon discuss the issue of allowing foreign airlines to pick up stake in Indian carriers, with West Bengal Chief Minister Mamata Banerjee which her party has been opposing, reports PTI.

"We will talk to Mamata and we will talk to DMK. We have already talked to NCP," Singh told reporters here after a meeting with Home Minister P Chidambaram.

Before meeting Chidambaram, he had told reporters, "We are still talking to our allies" on the issue of allowing foreign airlines to invest in Indian carriers. Singh had met Banerjee once earlier to pursuade her to give a go-ahead to the proposal.

The proposal was mooted by the Commerce Ministry which was later approved by the Civil Aviation Ministry. Trinamool Congress, a key UPA partner, has been opposing it for quite some time.

The RLD chief also said he had discussed with the Home Minister the issue of providing OBC status to Jat community for getting Central government jobs and the forthcoming Presidential election.

Asked about his preference for any candidate in the President poll, Singh said Finance Minister Pranab Mukherjee was "qualified" for the highest constitutional post but his views were "positive" on others as well.

Maintaining that UPA Chairperson Sonia Gandhi would take a call on the Presidential candidate in consultation with UPA allies, Singh said, "My views are positive on him (Mukherjee), but my views are positive on others as well."

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