Wednesday, Sep 18 2019 | Time 22:05 Hrs(IST)
image
  • MP CM’s tributes to poet Verma
  • PMLA court issues fresh non-bailable warrant against fugitive Islamic preacher Zakir Naik in money laundering case
  • Tribal women take out march against rape, murder of youth
  • Mah: Sharad Pawar hits out at BJP govt over unemployment, farmer distress
  • Trump names Robert O'Brien as National Security Advisor
  • DMRC training institute renamed as Delhi Metro Rail Academy
  • Need for energy-efficient engineering, construction technologies: Puri
  • EC rejects demands of Maha assembly poll on ballot papers
  • India flays Pak for not opening its airspace for PM Modi's flight
  • MP CM’s condolences
  • INDIA FLAYS PAK FOR NOT OPENING ITS AIR SPACE FOR PM MODI'S FLIGHT
  • 2nd T20: India restrict Proteas at 149/5
  • 2nd T20: India restrict Proteas at 149/5
  • Banning E cigarettes: Jairam Ramesh terms it another ‘big bang’ announcement to divert attention from Econ slowdown
  • Court awards lifer to convict for murdering a boy after unnatural sex
Business Economy


ITI Mutual Fund launches 'ITI Arbitrage Fund'

ITI Mutual Fund launches 'ITI Arbitrage Fund'

Hyderabad, Aug 19 (UNI) ITI Mutual Fund on Monday announced the launching of ‘ITI Arbitrage Fund.’

The NFO ( New Fund Offer) will open for subscription from Tuesday and will close on September three, the company said in a release here.

The fund will be benchmarked with Nifty 50 Arbitrage Index and will predominantly invest in arbitrage opportunities available in the equity markets and balance in high quality debt securities with maturities less than 91 days.



This fund is suitable for Investors with a short to medium term investment horizon and are looking for an alternate option to Bank Fixed Deposits / Liquid Funds,” Mr George Heber Joseph, CEO and CIO, ITI Mutual Fund said.

The scheme will be invested in equity and equity related instruments including derivatives with a minimum of 65 per cent and maximum upto 100 per cent.

If arbitrage opportunities are limited, the scheme may be invested in maximum of 35 per cent in high quality debt instruments with maturities up to 91 days, as stated in the Scheme Information Document, the release said.

The minimum initial investment in the scheme will be Rs 5,000 and multiples of Re 1 thereafter. The fund also provides a minimum additional investment of Rs 1,000 and in multiples of Re 1 thereafter, the release added.

UNI KNR CS 1915

More News

Bajaj Allianz Life unveils country’s first ever Life Goals Preparedness Survey

18 Sep 2019 | 7:54 PM

Chandigarh, Sep 18 (UNI) Bajaj Allianz Life Insurance Company Limited, one of the leading private life insurance companies in the country, on Wednesday unveiled the first of its kind survey on country's Life Goals Preparedness Survey here which showcased the new age goals of Indian Millennials, as well as provided insights as to how young India is preparing to achieve its unconventional life goals.

see more..
NALCO declares  record dividend payout of Rs 1072 73 crore for FY 2018-2019

NALCO declares record dividend payout of Rs 1072 73 crore for FY 2018-2019

18 Sep 2019 | 7:38 PM

Bhubaneswar, Sep 18 (UNI) The National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, has registered a record dividend payout of Rs 1072.

see more..

Indian Bank board approves Allahabad Bank merger

18 Sep 2019 | 7:14 PM

Chennai, Sep 18 (UNI) The Board meeting of the public sector
on Wednesday gave its in principle approval for the merger of
Allahabad Bank with it.

see more..

Balmer Lawrie and Company records net turnover of Rs 1,857crore

18 Sep 2019 | 6:56 PM

Kolkata, Sep 18 (UNI) Balmer Lawrie and Company Ltd.

see more..

Kottayam-Kochi Rubber Market Rates

18 Sep 2019 | 6:52 PM

Kottayam, Sep 18 (UNI) Following were the Rubber Market ratesannounced by the Rubber Board here today per quintalKOTTAYAMRSS FOUR Rs 13100RSS FIVE Rs 12700ISNR TWENTY: Rs.

see more..
image