Companies & Sectors
Softcell becomes the first PTC Platinum Partner in India

Commenting on the development, Sunil Dalal managing director of Softcell Technologies said, "We are glad to be recognized as PTC's first Platinum Partner in India. Our strategic partnership with a global company like PTC has enabled us to provide customers with strategic business value in their manufacturing practice

Mumbai-headquartered IT products, solutions, and service provider Softcell Technologies is now the Product Development Company's (PTC) first Platinum Partner in the country after successfully reaching the Platinum Partner revenue target set by the organisation.

From the time of its appointment as a Strategic Service Partner (SSP) in 2005, Softcell Technologies has seen great traction for PTC's Product Development Systems, including Pro/ENGINEER (now Creo) for Computer Aided Design (CAD) and Windchill for Product Lifecycle Management (PLM) from customers across various industry verticals.

Sunil Dalal, managing director, Softcell Technologies said, "We are glad to be recognized as PTC's first Platinum Partner in India. Our strategic partnership with a global company like PTC has enabled us to provide customers with strategic business value in their manufacturing practice. We started with a vision of expanding skills into the mid size enterprise market by providing solutions from PTC's product line. Being promoted to the next level of partnership with PTC signifies that we have succeeded in pursuing our goal."

Softcell is a leading systems integration services company specialising in sales of IT software, hardware, solutions and consulting services to corporate customers in India. Founded in 1989, Softcell has offices in Delhi, Pune, Hyderabad, Bangalore and Chennai. With an experienced workforce comprising of over 350 professionals, the company specialises in providing end-to-end IT solutions to corporate customers.

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Sundaram Mutual Fund floats fixed term plan

Sundaram Mutual Fund new issue closes on 20 May 2011

Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AT, a close ended income scheme. The tenor of the plan is 18 months.

The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.

The scheme will allocate up to 100% of assets in money market instruments, short-term and medium-term debt instruments with low to medium risk profile. The scheme shall not invest in securitised debt.

The minimum investment amount is Rs5,000. The new issue closes on 20 May 2011.

The scheme’s performance will be benchmarked against Crisil Short-Term Bond Fund Index. The scheme will be managed by Dwijendra Srivastava.

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Edelweiss Mutual Fund launches monthly income plan

The scheme seeks to invest at least 70% of its net assets in debt and money market instruments and the balance in equity and equity related instruments

Edelweiss Mutual Fund has launched Edelweiss Monthly Income Plan, an open-ended income scheme. The scheme seeks to invest at least 70% of its net assets in debt and money market instruments and the balance in equity and equity related instruments. “Our quant based equity investment style and a debt portfolio at lower duration, will endeavour to produce better risk adjusted returns than conventional MIPs,” Edelweiss Asset Management Ltd (AMC), chief executive officer, Vikaas M Sachdeva said. “With equity markets a little volatile and an interest rate scenario that has seen a significant hardening in high inflation regime, we believe this is the right time for investors to invest in this scheme,” Mr Sachdeva said.

The scheme seeks to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitised debt, government securities, and equity & equity related instruments. Since the equity component of the portfolio of the scheme would provide the opportunity for generating enhanced returns of the portfolio, the AMC will focus on managing the same with quant-based investment style, making the scheme one of India’s premier quant-based equity investment products. In parallel, its debt portfolio will seek to produce consistent returns that will serve to counter balance any volatility produced by equity component, he said.

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