Sundaram MF introduces Capital Protection Oriented Fund 3 Years (Series 7)

Sundaram MF new issue closes on 19th December

Sundaram Mutual Fund has launched Sundaram Capital Protection Oriented Fund 3 Years (Series 7), a close-ended income scheme.

The objective of this scheme would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed income minimise risk of capital loss by investing in a portfolio of fixed income securities. The scheme may invest a part of the assets in equity to seek capital appreciation.

The new issue closes on 19th December. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Index is the benchmark index. Dwijendra Srivastava is the fund manager for debt portion and Srividhya Rajesh is the fund manager for equity portion of the scheme.

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IFCI launches tax saving long term infrastructure bonds

The face value of the IFCI bond is Rs5,000

IFCI is the latest company to offer 80CCF infrastructure bonds. The 10 year option offers 9.09% interest rate and the 15 year option provides 9.16% interest rate.

The issue will close on 16 January 2012.

The face value of the bond is Rs5,000. The buyback option is available at the end of fifth and seventh year. The bonds will be listed on the stock exchange after the initial five years are over and they will list on the BSE.

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Accident, health insurance to grow by 22% by 2015: BRICdata report

While public-sector insurance providers constitute the majority of the market, private participants will continue to increase their market share by 2015, states BRICdata report

According to the BRICdata report, ‘Personal Accident and Health Insurance in India, Key Trends and Opportunities to 2015’, India’s accident and health insurance market is expected to continue its growth trend and forecasted to grow by 22% over the next five years. The report stated that a decrease in capital requirements will create an attractive market for new entrants into the market.

While public-sector insurance providers constitute the majority of the market, private participants will continue to increase their market share in the forecast period. The introduction of new distribution channels is another key factor in the growth in the overall volume of new policies.

Four public companies hold more than 50% of the market share in the personal accident and health insurance market, although this dominance will be severely challenged by private companies in the forecast period. The key entry barrier into the market is brand recognition, and companies are expected to work towards aligning with stronger brands, both domestic and foreign, to create opportunities for collaborations or joint ventures.

The report highlights that growth in the Indian personal accident and health insurance market can be attributed to increasing healthcare expenditure, economic growth, and changing demographics. During the forecast period, public-sector insurers are expected to retain a major share of the market, while the private accident and health insurers are expected to increase their market share gradually in India. The increasing penetration of major insurance companies and banks selling insurance policies to second- and third-tier cities in India will lead to an increase in accident and health insurance policy volumes in India during the forecast period. However, key challenges include low awareness of personal accident and health insurance, low penetration in rural areas, a lack of coverage for many existing diseases, and the ineffective distribution model in the country.

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COMMENTS

Nilesh Kinge

5 years ago

yes,Personal accident & Health insurance market is on boom in india. It is bcoz of that accident insurance & health insurance is now critical need of everybody, so no one complete his/her financial planning without that.

REPLY

Sabapathy Narayanan

In Reply to Nilesh Kinge 5 years ago

I am fully endorse your view 100%
Sabapathy Narayanan

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