Inter National Institute of Fashion Design introduces IDesign pad

iDesign pad will be available to its  students starting this academic year (July) and will be subsidised at Rs12,500

INIFD (Inter National Institute of Fashion Design) has launched iDesign Pad. With iDesign Pad, students, teachers and the administration can be constantly in touch. Tracking assignments, taking notes and studying for finals is a click away.

Teachers can give lessons, monitor progress, and stay organised. This unique customized device will remove the abominable clutter of books and bags by putting online the entire curriculum, fashion news, teacher presentations, etc. INIFD is also incorporating social networking applications that will help students across the country to sync ideas and designs simultaneously. This eco-friendly initiative which is probably the first in the world of fashion, is suitable for today's rapidly changing dynamics as it will help students send their designs directly to buyers as well, facilitating business by this remarkable innovation. The iDesign pad will be available to its  students starting this academic year (July) and will be subsidised at Rs12,500.

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DWS Investments launches DWS Fixed Term Fund Series 83

DWS Investments new issue opens for subscription on 26 May 2011 and closes on 06 June 2011

DWS Investments, the retail mutual fund arm of the Deutsche Bank Group, announced the launch of the DWS Fixed Term Fund Series 83-A, a 371 days close-ended debt fund.  

The DWS Fixed Term Fund Series 83 comes with a unique dividend sweep option. Investors opting for the dividend sweep option can sweep the dividend from DWS FTF Series 83 to any of DWS Equity Funds (DWS Alpha Equity Fund, DWS Investment Opportunity Fund or DWS Tax Saving Fund) or DWS Fund of Funds (DWS Global Thematic Offshore Fund or DWS Global Agribusiness Offshore Fund).

The new issue opens for subscription on 26 May 2011 and closes on 06June 2011. The objective of this fund is to generate income by investing in debt securities and money market instruments, usually maturing on or before the date of maturity of the scheme.

The fund has CRISIL Short Term Bond Index as the benchmark index for performance. DWS Fixed Term Fund Series 83 would be listed on the National Stock Exchange (NSE). An investor can start investing with a minimum of Rs5,000.

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Reliance Mutual Fund unveils Fixed Horizon Fund-XVIII-Series 11

Reliance Mutual Fund new issue closes on 26th May

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XVIII-Series 11, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility. The tenor of the scheme is 109 days.

The new issue closes on 26th May. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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