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Saturday, 15 September 2018

HDFC Mutual Funds FMP 1381D September 2018 (1) NFO Opens

HDFC Mutual Funds FMP 1381D September 2018 (1) NFO has opened for subscription from September 14, 2018, and will close on September 18, 2018.

The HDFC FMP 1381D September 2018 (1), a scheme under HDFC Fixed Maturity Plans – Series 42, has a maturity period of 1381 days from the date of allocation of units.

The investment aim of the FMP scheme is to produce income by investing in debt or money market securities and government instruments maturing on or before the maturity date of the scheme.

The Fixed Maturity Plan offers both Regular and Direct Plans with Growth option, Dividend option and Quarterly Dividend option.

The Fixed Maturity Plan will invest 80 percent to 100 percent of its assets in debt securities and government instruments with a medium-risk profile. The scheme will further invest up to 20 percent of its assets in money market securities with a low-risk profile.

The minimum application amount of the HDFC Mutual Funds FMP 1381D September 2018 (1) scheme is 5000 Rupees and in multiples of 10 Rupees thereafter. The face value of the close-ended income scheme is 10 Rupees per unit. The entry load and exit load charges are not applicable for the FMP.

The close-ended income scheme is benchmarked against CRISIL Composite Bond Fund Index. Anupam Joshi has been appointed as the fund manager of the scheme.

The scheme will be open for subscription till September 18, 2018, reported KJMC. The FMP aims to collect a minimum target or subscription amount of 20 crore Rupees under the scheme during the NFO period.

HDFC Mutual Funds FMP 1381D September 2018 (1) scheme is suitable for investors who are seeking regular income over 1381 days, and for investors who want to make an investment in debt and money market securities and government instruments, according to scheme information available in the official website of HDFC AMC. The Units of the scheme will be listed on the Capital Market Segment of the NSE and BSE.

The post HDFC Mutual Funds FMP 1381D September 2018 (1) NFO Opens appeared first on OWLT Market.

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Kotak FMP Series 246 Mutual Fund Investment Scheme’s NFO Period Extended

Kotak FMP Series 246 Mutual Fund Investment Scheme NFO Will Be Open For Subscription From September 18, 2018 To September 21, 2018

Kotak FMP Series 246 Mutual Fund Investment scheme’s NFO (New Fund Offer) period has been extended till September 21, 2018, the fund house announced the news. The NFO will open for subscription from September 18, 2018.

The closed-end debt FMP scheme seeks to produce returns through investments in debt securities and money market securities with an aim to reduce the interest rate risk.

The Kotak FMP Series 246 scheme which is to launch on September 18, 2018, is benchmarked against CRISIL Composite Bond Index.

The closed-end debt FMP scheme offers both Regular and Direct Plans with Growth and Dividend options. The maturity period of the scheme is 1153 days.

The face value of the Kotak FMP Series 246 Mutual Fund Investment scheme is 10.00 Rupees per unit. The minimum initial investment amount for the scheme is 5000 Rupees.

The Kotak FMP Series 246 scheme will invest in debt instruments and money market instruments maturing on or before the maturity date of the scheme. There is no assurance or guarantee that the investment aim of the scheme will be achieved.

The FMP scheme will invest 80 percent to 100 percent of its assets in debt securities. The scheme will further invest 20 percent of its assets in other securities except for equity instruments.

Nilesh Shah is the CEO of the closed-end debt Fixed Maturity Plan, and Sushma Mata is the Investor Relations Officer of the scheme.

Deepak Agrawal is the fund manager of the scheme since its launch. He has been working with Kotak Mutual Fund house since 2000. He is a CA (Chartered Accountant), Company Secretary and CFA. He has also completed a Post Graduate degree in Commerce from Mumbai University, reported The Economic Times.

Kotak Mahindra Mutual Fund announced the extension of the closing date of the NFO (New Fund Offer) period of the Kotak FMP Series 246 Mutual Fund Investment scheme on September 15, 2018, according to KJMC.

The post Kotak FMP Series 246 Mutual Fund Investment Scheme’s NFO Period Extended appeared first on OWLT Market.

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Motilal Oswal Mutual Fund India Ultra Short Term Fund Suspends All Subscriptions Temporarily

Motial Oswal Trustee Company Limited Decided To Temporarily Suspend All Subscriptions Of Motilal Oswal Mutual Fund India Ultra Short Term Fund

Motilal Oswal Mutual Fund India Ultra Short Term Fund temporarily suspends all subscriptions, with effect from September 17, 2018.

The investment objective of the Motilal Oswal Ultra Short Term Fund scheme is to produce optimal returns reliable with moderate levels of risk and liquidity by investing in debt instruments and money market instruments.

The Open-ended Ultra Short Duration Debt scheme was launched in September 2013 and is benchmarked against the CRISIL Ultra Short Term Debt Index. The scheme will invest 100 percent of its assets in debt instruments and may also invest 100 percent in other securities except for equity instruments.

The minimum initial investment amount of the Motilal Oswal Mutual Fund India Ultra Short Term Fund scheme is 500 Rupees. The face value of the scheme is 10.00 Rupees per unit, and the fund size is 991.81 Crore Rupees.

The AMC offers the scheme with both Regular Plan and Direct Plan with Growth and Dividend Options.

The fund house has appointed Mr. Abhiroop Mukherjee as the fund manager of the scheme since its launch in September 2013.

Mr. Mukherjee has worked with PNB Gilts Ltd. Mumbai, before joining the Motilal Oswal Asset Management Company. He has completed B.Com from Calcutta University and PGPBF (Finance) from National Institute of Bank Management.

The NAV (Net Asset Value) of the Open-ended Ultra Short Duration Debt scheme of the Motilal Oswal Mutual Fund as on September 14, 2018, is 13.5318 Rupees. The Expense Ratio for the Ultra Short Term Fund scheme is 0.89 percent.

The AUM (Asset Under Management) of the Motilal Oswal scheme is 995.10 Crore Rupees, according to The Economic Times.

Motilal Oswal Trustee Company Limited, the Trustees to Motilal Oswal Asset Management Company, has decided to temporarily suspend all subscriptions/ switch in application of the Motilal Oswal Mutual Fund India Ultra Short Term Fund scheme, with effect from the above-specified date, according to KJMC.

The post Motilal Oswal Mutual Fund India Ultra Short Term Fund Suspends All Subscriptions Temporarily appeared first on OWLT Market.

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Blockchain To Form Basis For Next-Generation Insurance Offerings

Insurance Blockchain To Make Business More Trustworthy

Blockchain technology is almost everywhere and now insurance blockchain is also making a lot of waves. Savvy investors are already investing billions in the research and development of this technology. Latest studies reveal that around $1.3 billion capital is being invested in blockchain ventures and startups in 2018.

Coming to the insurance sector, the complexity of the industry has really discouraged the consumers from investing in its products. Only a very small plurality of consumers now trusts the insurance companies which can be a big threat for the industry in the years to come. That is where blockchain-based solutions can make a huge difference.

A French multinational insurance group, Axa SA is now coming up with Fizzy blockchain technology– a based insurance product that will offer consumers parametric and automated insurance policies. The policies will provide insurance coverage to airline flight delays by adding the policy to the blockchain ledger platform in the form of a smart contract. The blockchain supported system monitors, the global flight data in real-time. In the case, a flight is delayed by two hours or more and it will eventually trigger an automatic payout.

This evolving insurance blockchain technology eliminates the human element, and thus, the trust equation is automatically nullified. Incidentally, once the variations for the exact deployment of this system are formed, then it would lead to the next-generation insurance offerings. According to Benzinga, blockchain is already making a big progress at all the fronts in the insurance markets. That is why legacy insurers are now coming up with more automated and exacting products using blockchain as the base.

According to Lexology, blockchain is a new technology in the insurance sector that serves as an incorruptible digital ledger keeping a virtual record of all the transactions and data. Since blockchain can store and maintain a large number of records and data on its decentralized platform including electronic cash and physical assets as it is becoming extremely popular among the insurance companies.

The post Blockchain To Form Basis For Next-Generation Insurance Offerings appeared first on OWLT Market.

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