According to the Knight Frank Global House Price Index India witnessed third highest rise in housing prices while Brazil was at the top with 23.5% growth
New Delhi: India witnessed the third highest rise of 12% globally in housing prices in January- March quarter of 2012 over the year-ago period, according to consultant Knight Frank, reports PTI.
Housing prices, in India however, declined by 0.9% when compared with the previous quarter.
“Brazil recorded the strongest annual growth (23.5%) and Ireland the weakest (minus 16.3%),” it said.
The Knight Frank Global House Price Index monitors and compares the performance of 53 mainstream residential markets across the world.
Austria ranked fourth with 11% rise in housing prices, followed by Germany (9.8%), Colombia (9.6%), Turkey (8.7%), Russia (8.2%), Iceland (7.3%) and Canada (6.8%).
In China, the prices have declined by 2.2%.
“The Chinese housing market has had a tough 12 months as developers and purchasers alike have had bank finance squeezed as a consequence of the ongoing cooling measures. Lending restrictions, new taxes, the curbing of multiple property purchases, and new regulations to restrict the inward flow of hot foreign money have had the desired effect," Knight Frank's director of research in Asia Pacific Nicholas Holt said.
The report further said that during the first quarter of 2012, the housing prices fell in 58% of the countries monitored by the index.
Knight Frank's report noted that the Global House Price Index recorded its weakest annual performance since the depths of the recession in 2009, recording only 0.9% growth in the year to March 2012.
“Doubts over the Eurozone's future, along with the Asian governments’ staunch efforts to cool their markets and deter speculative investment, have taken their toll,” it explained.
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.
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.