Nakoda PAT rises to Rs9.27 crore in December quarter

In the December 2010 quarter, Nakoda’s revenue increased 36.58% to Rs380.67 crore from Rs278.71 crore in the corresponding quarter last year

Nakoda Ltd, one of the largest manufacturers of the fully drawn yarn, said its profit after tax (PAT) for the December 2010 quarter stood at Rs9.27 crore, resulting into an increase of 35.36%, as against Rs6.85 crore in the corresponding period of the last fiscal.

The company saw an increase in revenue by a whopping 36.58% from Rs278.71 crore to Rs380.67 crore during the same period for the last fiscal.  

On Thursday, Nakoda ended flat at Rs13.39 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.98% to 18,449.31 points.

User

Two new low-cost online ULIPs from Aegon Religare, Bajaj Allianz

Push products like ULIPs when sold online to net-savvy investors, without agents, aim to reduce costs. But while costs are lower, the fund performance can only be evaluated over time

If you are looking for a regular or single premium ULIP with low charges, you could consider a new online product that has been launched recently. Aegon Religare's iMaximize offers the single premium option. However, the regular premium option does not have premium payment term (PPT) flexibility and the policy terms are 15/20/25 years. So, if one is looking for the flexibility to continue the cover without paying the premium after a specific number of premium payments, this may not be the right product.

Another new product is Bajaj Allianz's iGain III. With this, a customer can choose a PPT of five years or up to the full term of the policy. The insurer will accept premium payments only till the PPT that is decided by the policyholder and continue the cover till the end of the policy term, as long as the premiums till PPT are paid.

Both the products are designed to be sold online and without agents so as to reduce costs for net-savvy investors.


Online ULIPs -

iMaximize allows only four switches on investment options in a policy year. Beyond this, there is a minimum charge of 0.1% on the amount switched or a flat Rs500 for every extra switch, subject to minimum amount of Rs100 switched. iGain III allows unlimited switches with no extra cost.

iMaximize offers the trigger portfolio strategy and the self-managed portfolio strategy. The equity component in one of the self-managed portfolio strategies (accelerator fund) is 80% to 100%. The trigger portfolio strategy moves from equity to debt periodically and will limit the returns.

iGain III offers investors a selectable portfolio strategy and the wheel-of-life portfolio strategy. The maximum equity component ranges from 60% to 100%. The wheel-of-life portfolio strategy will reallocate your fund value among various funds in the proportion based on your outstanding years to maturity. It is fine for conservative investors, but the move from equity to debt will limit returns. Moreover, such a move at the wrong time in the equity cycle will not benefit from an equity upside.

iMaximize does not offer any rider, while iGain III offers six different riders at an additional cost.

User

SBI Mutual Fund floats Debt Fund Series-370 Days-9

SBI Mutual Fund’s new issue closes on 7th February

SBI Mutual Fund has launched SBI Debt Fund Series-370 Days-9, a close-ended income scheme.

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 7th February. The minimum investment amount is Rs5,000.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)