Principal MF launches Fixed Maturity Plan–367 Days

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-367 Days- Series III, a close-ended income scheme.

The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.

The new issue opens on 24th January and closes on 7th February. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. The scheme will be managed by Shobit Gupta.

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Good governance for NGOs

According to Gautam Shah, a Section 25 company is better regulated and monitored than trusts and societies 

Gautam Shah, managing partner of Gautam Shah & Associates, Chartered Accountants, discussed compliance and governance issues for non-government organisations (NGOs) at a workshop hosted by Moneylife Foundation on 18th December.

Mr Shah described three legal structures of...

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Sordid tales

The regulator has to be more proactive about  portfolio management schemes

The saga of investors burning their fingers in fancy products of portfolio management services (PMS) of banks continues unabated. We have been getting frequent reports from high net worth individuals (HNIs) about their being taken for a ride when they fall for the charms of relationship managers peddling...

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