Principal Mutual Fund unveils 91 days fixed maturity plan

Principal Mutual Fund new issue closes on 19th May

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan Series 91 Days-Series XXIX, a close-ended 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 closes on 19th May. The minimum investment amount is Rs5,000. Shobit Gupta is the fund manager.

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Birla Sun Life Mutual Fund floats Capital Protection Oriented Fund-Series 6

Birla Sun Life Mutual Fund new issue closes on 30 May 2011

Birla Sun Life Mutual Fund has launched Birla Sun Life Capital Protection Oriented Fund-Series 6, a close-ended capital protection oriented scheme. The duration of the scheme is 761 days. The new issue closes on 30 May 2011.

The investment objective of the scheme is to provide capital appreciation linked to equity market with downside protection at the end of tenure. Fund expects to achieve down side protection by investing in debt securities with tenure comparable with the tenure of the plan, subject to the credit risk. Fund expects to achieve the market-linked appreciation (upside) by investing in premium of exchange traded options.

The minimum investment amount is Rs5,000. The benchmark index for the scheme will be CRISIL Balanced Fund Index. The fund manager will be Satyabrata Mohanty and Ajay Garg.

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Tata Motors commercial vehicles division launches ‘Tata Delight’

Tata Delight is a loyalty programme for all Tata Motors commercial vehicle customers, both existing and new

Tata Motors has launched Tata Delight, a customer loyalty programme for owners of its commercial vehicles. Tata Motors is the first company in the commercial vehicles industry to launch this unique engagement initiative.

Tata Delight is a loyalty programme for all Tata Motors commercial vehicle customers, both existing and new. It offers customers a host of distinctive facilities across all Tata Motors dealerships, sales outlets, and Tata Motors authorised service stations.

Customers can earn bonus points on purchase of a new commercial vehicle. They can also earn or redeem points on vehicle servicing or repairs, new spares, across all Tata Motors dealerships, sales outlets, and service stations. Members can call on a 24x7 toll free helpline 18002097979 for queries and on-road & highway assistance service. Other membership privileges include educational scholarships for children, a chance to win a Tata Nano every quarter through a lucky draw and invitations to special events and movies with family. A customer can avail of all these benefits for only Rs100 (without insurance) and Rs500 (including insurance). If enrolled for the programme with insurance, a vehicle driver will receive a 3-year insurance policy which offers an accidental insurance of Rs1 lakh, personal disability insurance of Rs1 lakh and an accidental hospitalisation cover of Rs25,000 per year.  

Once enrolled in the programme, the member will receive a Tata Delight Owners Card and as many Tata Delight Chassis Cards as the number of vehicles a customer owns and wants to enroll for. While the Tata Delight Owners Card can be used to earn and redeem points, Tata Delight Chassis Card will only accumulate points earned against spends on the vehicle registered in the programme.

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