Religare MF launches Gold Fund

Religare MF new issue closes on 29th November

Religare Mutual Fund has launched Religare Gold Fund, a close-ended income scheme.

The investment objective of the scheme to provide returns that closely corresponds to returns provided by Religare Gold Exchange Traded Fund. The new issue closes on 29th November. The minimum investment amount is Rs5,000.

The scheme will be benchmarked against price of gold. Nitish Sikand is the fund manager.

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Dewan Housing Finance renames AMC business as ArthVeda Fund Management

ArthVeda Fund Management will restrict itself to only real estate funds but intends to grow its fund management business across different asset classes

Dewan Housing Finance Corporation Ltd (DHFL) has announced the re-alignment of its asset management business.

The company has redefined and expanded its AMC business by announcing the change in the brand identity of DHFL Venture Capital India Pvt Ltd, a real estate fund management to ArthVeda Fund Management Pvt Ltd (AVFM). The new brand identity is that of a fund management company that will restrict itself to only real estate funds but intends to grow its fund management business across different asset classes, such as, infrastructure, private equity, listed equities and others.

The successful re-alignment of AMC business and the broadened strategic vision created for ArthVeda will be under the stewardship of the senior-most and successful managers in the DHFL group, the former CEO of DHFL, Bikram Sen, who now becomes the CEO of ArthVeda Fund Management.

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Healthy living report card for Asia Pacific is not good: Survey

According to the survey, 59% of Indians (lower than regional average of 67%) feel their health is not as good as it was 5 years ago, a prevalent sentiment even amongst those under 30 years

AIA Group Ltd has recently released Healthy Living Indices for 15 markets based on a pan-regional survey examining the healthy living habits of over 10,000 adults across Asia Pacific, including 1,018 respondents from India. The AIA Healthy Living Index was commissioned by AIA and conducted by TNS, a consumer research company.

The AIA Healthy Living Index, which surveyed people aged 18-65 years old in 15 markets, is based on these adults’ satisfaction with their health and the extent to which healthy habits form part of their routine.

The survey revealed an average Healthy Living index of only 61 (with nine markets showing indices of less than 60)—well below the maximum of 100, indicating that there is much room for improvement in terms of Asia-Pacific adults’ satisfaction with their health. India’s index of 61 is same as the regional average. According to the survey, 59% of Indians (lower than regional average of 67%) feel their health is not as good as it was 5 years ago, a prevalent sentiment even amongst those under 30 years. ‘Eat healthier food’, ‘happy frame of mind’, ‘good family relationship’, ‘manage one’s time well’ and ‘good work life balance’ are the most important contributors to healthy living in India.

Top health concerns in India are ‘not enough sleep’ and ‘weight too high’. Sleep deprivation in India is 1.7 hours–a little higher than the regional average of 1.3 hours. 24% of Indian adults want to lose weight. 64% of Indian adults say that they had a medical check up in past 12 months (slightly higher than the regional average of 56%). Majority of Indian adults say they would have health checks more often if these were not so expensive.

Mark Tucker, group chief executive & president of AIA said, “The results from the first AIA Healthy Living Index not only confirmed the importance of Healthy Living to people from all walks of life and all ages, but also provided valuable insight into the attitudes and behaviors of adults toward their own health.”

“According to our survey results, the Healthy living report card for Asia Pacific is not good. Adults across the region are not very satisfied with their own health, feel they are sleep deprived, believe they do not exercise enough and want to lose weight. Despite universal awareness of the importance of healthy living and the things they can do to lead a healthier life, many adults across the region have not turned such awareness into action,” Mr Tucker said.

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