Product Updates

ECL Finance NCD (An Edelweiss group company) Opens: 26th Feb 2015 Size: 400+400 Crs Rating: AA by ICRA & CARE Status: Secured Tenure: 3 & 5 Years Option: Monthly, Annual & Cumulative Listing: NSE & BSE ROIs Coupon/Yield 3 Years Monthly: 10%/ 10.47% Annual: 10. 45%/ 10.45% Cumulative: NA/ 10. 45% 5 Years Monthly: 10.15%/ 10.64% Annual: 10.60%/ 10.60% Cumulative: NA/ 10.60% Allotment: First-cum-first-Serve-Basis Looking forward for your kind support Sent from BlackBerry® on Airtel

NSE asks investors to keep funds ready for upcoming OFS issues - Buoyed by retail participation in recent Coal India divestment programme through OFS, country's leading bourse NSE today said brokerages and investors need to keep adequate funds ready to buy shares in such issues as they are announced in a short notice. The Offer for Sale (OFS) mechanism facilitates the promoters of listed companies to sell their existing shareholding through an exchange-based bidding platform. As per norms, a seller has to announce intention of sale of shares at least two days ahead of the trading day of the issue (T-2). Noting that the government is likely to take the OFS route to divest its stake in various companies in the coming months, NSE Chief Business Development Ravi Varansai expressed concerns that timelines provided for retail investors under the mode were "extremely tight" and as such they should be prepared for such issues in advance. The observations come against the biggest-...

The latest option for retirement savings Simplicity of the scheme and tax benefits make Reliance's Retirement Fund attractive Mutual fund houses are set to launch exclusive retirement schemes after a long gap. UTI and Franklin India started their dedicated pension plans 17-20 years ago. Now, Reliance Mutual has come out with the Reliance Retirement Fund. Here's a look at the features of the new product and how it compares with the National Pension System (NPS), the other equity-linked pension product. What it offers The scheme basically offers a simple investment strategy to lock-in money for the long-term without taking high risks. The Reliance Retirement Plan comes with two options — a wealth creation plan and an income generation plan. The wealth creation plan is expected to invest 65-100 per cent of its corpus in equity and the remaining in safe debt instruments. This makes it work more or less like an equity-oriented balanced fund. It will be benchmarked against the BSE 10...