New Exchange Traded Gold Fund Launched by Axis MF

Recently, Axis Mutual Fund announced the launch of its new open-ended exchange traded fund. It is known as Axis Gold ETF. It is focused to on gold-related investment and derivatives.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Axis MF, “The fund will allocate a maximum of 100 per cent of its corpus for investment in gold, including derivatives. It might also invest up to 10 per cent of its corpus in money market instruments.

Market sources said Axis MF aims to mop up Rs 300 crore through the new fund offer (NFO), which closes on November 3.

The minimum investment in the Axis Gold ETF NFO is Rs 5,000.” So, the fund comes with 100% allocation of its corpus for investment in gold. It includes derivatives also. Minimum investment in this fund is Rs. 5000.

The news portal quotes a statement of Axis AMC Managing Director & CEO Rajiv Anand also, “Axis Gold ETF will give investors an opportunity to participate in gold as an asset class. Investors prefer gold in their portfolio as it acts as a shield in times of market turmoil.”

Further the news portal adds, “The scheme will be benchmarked against the domestic price of gold. The ETFs will be listed on the National Stock Exchange.

Following its listing, Axis Gold ETF will be the seventh listed gold ETF on the Indian bourses. The total assets under management (AUM) of the six fund houses that had listed gold ETFs on domestic exchanges as of September 30 was over Rs 3,000 crore.”

The news portal quotes another statement of Mr. Anand, “Performance of gold has been good in the last six years. ETF investment would provide investors liquidity as they can trade in the instrument.” It is really a good news in financial market after the launch of Kotak Secure Invest Insurance and Kotak Wealth Insurance by Kotak Life Insurance.

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Kotak Life Insurance Launches Kotak Secure Invest Insurance and Kotak Wealth Insurance

Recently, Kotak Life Insurance launched two new ULIPs - Kotak Secure Invest Insurance and Kotak Wealth Insurance. These two new ULIPs are compatible with the new IRDA guidelines.

About the two new ULIPs, Kotak Life Insurance said in a statement, “Kotak Secure Invest Insurance is an equity exposure plan and is backed by capital guarantees with in-built investment advice of the guarantee fund. It also helps the customer gain from market participation through the guarantee fund that aims at stable capital appreciation while limiting the downside risk in falling market conditions.”

So, Kotak Secure Invest Insurance is launched as an equity exposure plan. The plan is backed by capital guarantees with in-built investment advice of the guarantee fund. The plan has customer gain also from market participation through the guarantee fund that aims at stable capital appreciation.

Kotak Secure Invest Insurance is the best plan for the current market situation. It offers guaranteed investment and fund. It gives a freedom of market participation also through the guarantee fund.

About the Kotak Secure Invest Insurance and Kotak Wealth Insurance plans, an online news portal about business and economy - economictimes.indiatimes.com writes, “Kotak Wealth Insurance is a complete package that provides investment growth along with comprehensive triple benefits in the event of death. Its power-packed range of eight fund options allows customers to balance their risk profile with the tenure their investments.”

So, Kotak Wealth Insurance plan is also a complete package with investment growth along with comprehensive triple benefits in the event of death. You can balance your risk profile with the tenure your investments through power-packed range of eight fund options.

Kotak Secure Invest Insurance and Kotak Wealth Insurance of Kotak Life Insurance are the best plan for the current market situation. These are compatible with the new IRDA guidelines also.

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Vodafone Introduces Lowest-Priced Bonus Cards at Rs. 4

This time, Vodafone has introduced its new lowest-priced bonus card at Rs. 4. The bonus card will be featured with 100 local and national SMS or local/STD calls for 8 minutes.

An online news portal about business and economy - economictimes.indiatimes.com writes about the Vodafone Bonus card, “By choosing to deduct Rs 4 from their available talktime, subscribers can get 8 local/STD minutes, calls at 30 paise per minute (to another Vodafone user), 40 minutes of local night calling (to another Vodafone user) or send 100 local/national SMSes. The card will be valid for one day.”

Further the website publishes a quotation of Vodafone, “Priced at Rs 4, the offer is the lowest cost card currently available in the market and is aimed at enabling more people at the grass-root level to stay connected.”

Further the website quotes a statement of Vodafone Essar Chief Marketing Officer Kumar Ramanathan, “We are delighted to launch the most economical bonus offer available in the market. This marks the democratisation of bonus cards, empowering more and more customers to exercise choices at a highly affordable price point of Rs 4.”

Another website about telecom industry - www.telecomtiger.com writes about it, “Existing subscribers can avail information about the Rs. 4 Bonus offer and also activate the service by dialing the special toll free advisory number *121*. On activation, Rs. 4 will be deducted from the main account balance and the benefit will be valid for one day.

The company says that the new Bonus Card is aimed at enabling many more people at the grass root level to stay connected.

The company is also advertising the new Bonus Card through a television commercial (TVC) that features an animated parrot who thinks that these days it is very difficult to buy anything for chaar rupaay.”

It is really the best and lowest-priced bonus card which offers lots of features but it is valid for only one day.

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