ING Mutual Fund has renamed Nifty Plus Fund to Large Cap Equity Fund
ING Mutual Fund has changed the name of its scheme-ING Nifty Plus Fund to ING Large Cap Equity Fund. This change will be in effect from 25th February.
After the revision, the scheme would deploy 70%-100% of its corpus in securities constituting the S&P CNX Nifty Index as against the existing 70%-95%.
The unit holders who do not agree to the revision can redeem their units from 23rd February to 24th March without any exit load. Other features of the scheme will remain same.
PNB Basant Bonanza scheme closes on 31st March
Punjab National Bank has launched PNB Basant Bonanza Offer which provides 50% waiver of upfront fee and documentation charges for housing loans up to Rs3 crore. The scheme closes on 31st March.
The Bank has 5,000 branches across India spread over 764 cities and is the largest commercial bank which is state owned.
Axis Bank, as a part of the power salute salary account, has introduced a ‘nil loan processing fee’ for all categories of defence forces
Axis Bank has signed a Memorandum of Understanding (MoU) with the Indian Army for the power salute, a salary account exclusively for the army personnel.
Axis Bank, as a part of the power salute salary account, has introduced a 'nil loan processing fee' for all categories of defence forces. Apart from this, the features of the account include: Unique life time account number which can be used at all branches of Axis Bank anywhere in India; Zero minimum balance requirement and services like ATM cards; Net banking/e-statement/draft at Axis Bank locations; Fund transfer through RTGS/NEFT and unlimited number of transactions at other bank ATMs are offered totally free of cost along with the power salute account.