Personal Finance

Principal Mutual Fund rolls out ‘Bluechip Fund’ in domestic market

Principal Mutual Fund has launched the ‘Principal Emerging Bluechip Fund’, in the Indian market.

The fund is an open ended equity scheme with primary objective to achieve long-term capital appreciation by investing in equity and equity related instruments of mid cap and small cap companies.

The fund is open for subscription from September 22, 2008 till October 10, 2008

For the purpose of maintaining liquidity or tap market opportunities the fund’s portfolio may also include large cap stocks. The Scheme will offer Growth Option and Dividend Option.

Reliance Capital to enter housing finance, banking, PE business

Fidelity launches its first Fixed Maturity Plan; offer closes on August 27

Fidelity launches its first Fixed Maturity Plan; offer closes on August 27

NHB acquires 12.5% stake in Mahindra Rural Housing Finance for Rs 5.8 crore

NHB acquires 12.5% stake in Mahindra Rural Housing Finance for Rs 5.8 croreThe National Housing Bank (NHB) has agreed to acquire a 12.5 per cent stake in Mahindra group company, Mahindra Rural Housing Finance Ltd (Mahindra Home Finance) for Rs 5.8 crore.

In this regard, a subscription agreement between the two companies has been signed, under which, NHB would participate in the first two years capital raising programmes of Mahindra Home Finance, which is a brand name of Mahindra Rural Housing Finance.

ING Investment rolls out Country’s first multi-manager global equity fund

Bharti AXA to launch its two fixed income funds on July 9

Bharti

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