An online news portal about business and economy – economictimes.indiatimes.com writes about Edelweiss Monthly Income Plan, “The scheme seeks to invest at least 70 per cent of its net assets in debt and money market instruments and the balance in equity and equity related instruments.”

It quotes a statement of Vikaas M Sachdeva also who is the Edelweiss Asset Management Limited (AMC) Chief Executive Officer, “Our quant based equity investment style and a debt portfolio at lower duration, will endeavour to produce better risk adjusted returns than conventional MIPs.”

So, Edelweiss Monthly Income Plan will be able to produce better risk adjusted returns than conventional MIPs.

Further he said to ET, “…With equity markets a little volatile and an interest rate scenario that has seen a significant hardening in high inflation regime, we believe this is the right time for investors to invest in this scheme.

The scheme seeks to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitised debt, government securities, and equity and equity-related instruments.

Since the equity component of the portfolio of the scheme would provide the opportunity for generating enhanced returns of the portfolio, the AMC will focus on managing the same with quant-based investment style, making the scheme one of India’s premier quant-based equity investment products.

In parallel, its debt portfolio will seek to produce consistent returns that will serve to counter balance any volatility produced by equity component.”

So, the scheme generates consistent returns with the moderate levels of risk and liquidity. Debt portfolio of Edelweiss Monthly Income Plan seeks to produce consistent returns. It is the best plan like Retirement Fund of Tata Mutual Fund.

An online news portal about business and economy – economictimes.indiatimes.com, writes about it, “Under the scheme, loans upto Rs 30 lakh would be offered at 9.9 per cent, loans between Rs 30-lakh-Rs 75 lakh at 10.35 per cent and loans of Rs 75-lakh-Rs 1.5-crore can be availed at 10.75 per cent.

The scheme will allow customers an option to convert to a fixed rate scheme for five years after the disbursement of the first loan amount. They can exercise this option only once, within one year of availing the scheme.”

Further it writes about the advantage, “The rate would be linked to the prime lending rate, unlike the company’s Advantage-5 scheme that was launched last year, with the lending rate fixed at 9.25 per cent for five years, and after that on a floating rate basis.

The company added that it has withdrawn its Advantage scheme, on concerns that it could be deemed to be a teaser loan rate scheme.”

So, the rate would be linked to the prime lending rate. It is featured with withdrawn advantage scheme. After 5 years, the loan can be converted on floating rate basis.

The news portal quotes a statement of LIC Housing Finance’s Chief Executive Officer, V K Sharma also, “It was not a teaser rate scheme. It would become a dual rate scheme after five years. We had sought a clarification from the regulator on it being a teaser rate scheme. Since we did not receive any clarification, we decided that it was better to withdraw the product.”

So, it is a dual rate scheme after five years. It is not a teaser rate scheme. It is as useful as retirement fund of TATA Mutual Fund.

An online news portal about business and economy quotes a statement about the TATA Mutual Fund, “The objective of the Fund is to provide a financial planning tool for long term financial security for investors based on their retirement planning goals.”

So, TATA Retirement Fund is aimed to provide a financial planning tool for long term financial security for investors based on their retirement planning goals.

Further it adds, “The Tata Retirement Fund would offer investors option to invest under three plans — Progressive Plan, Moderate Plan and Conservative Plan. The schemes would offer growth option.

The performance of schemes would be benchmarked against BSE Sensex, Crisil Balanced Index Fund and Crisil MIP Blended Index respectively.

While the ‘Progressive’ and ‘Moderate’ Plan would invest majority of its corpus in equity schemes, Conservative Plan would have higher exposure in debt securities.

The fund would provide an investment tool for retirement planning of investors, depending upon their risk appetite.

The earnings of the fund from domestic investments are exempt from income tax.”

There are 3 plans for investors in TATA Retirement Fund – Progressive Plan, Moderate Plan and Conservative Plan. These plans would be benchmarked against BSE Sensex, Crisil Balanced Index Fund and Crisil MIP Blended Index.

Majority of its corpus will be invested in equity schemes. The earnings of TATA Retirement Fund from domestic investments are exempt from income tax as per the statement.

Retirement Fund of TATA Mutual Fund is being recognized as the best fund like Capital Protection Funds of SBI Mutual Fund.

An online news portal about business and economy – economictimes.indiatimes.com, writes about the SBI Capital Protection Oriented Fund, “SBI Capital Protection Oriented Fund Series II is a five-year close-ended scheme, aimed at protecting capital on maturity through investments in equity, debt and money market instruments. The fund will be open for subscription between February 18 and March 11.”

So, it is SBI Capital Protection Oriented Fund Series II. It is a 5 year close-ended scheme. It is aimed to protecting capital on maturity through investments in equity, debt and money. You can subscribe the fund from February, 18th to March 11th, 2011.

The news portal quotes a statement of Navneet Munot also, chief investment officer, SBI Mutual Fund, “To reduce interest rate risk, the fund will invest in central government schemes or debt issued by AAA-rated companies.”

It is planned to invest in central government schemes or debt issued by AAA-rated companies to reduce interest rate risk with SBI Capital Protection Fund.

Further the news portal writes about it, “Capital protection funds invest in the safest securities, and, hence, give poor returns. Most funds in this category have returned 4-5% return over three years. SBI Capital Protection Oriented Fund Series I returned just about 3.5% over three years, when the five-year government bond yields were around 7.5%.”

It quotes a statement of Gaurav Mashruwala also, a Mumbai-based independent financial advisor, “Investors can easily protect capital by investing a part of their income (75-80%) in FDs or MIPs and the rest in the equity market. This will provide them similar payoffs at lower fund management charge.”

So, it is launched to provide investors similar payoffs at lower fund management charge. They can easily protect capital by investing a part of their income. It is just like FLEXI Fortune of Max New York Life.

An online news portal about business and economy – economictimes.indiatimes.com, quotes a statement of Rajesh Sud, company’s CEO and Managing Director about FLEXI Fortune of Max New York Life, “Max New York Life has designed FLEXI Fortune keeping in mind the varied needs of people. The product offers the flexibility to choose policy tenure and protection multiple to the consumers, which is best suited to their planned goal.”

So, FLEXI Fortune of Max New York Life has been designed to fulfill the varied needs of people. Customers can get flexibility to choose policy tenure and protection. The FLEXI Fortune is very suitable to the people planned goal.

Further he adds, “The product also offers tools to manage good returns without taking undue risk through seven different fund options.”

People can get tools to manage good returns without taking undue risk through the FLEXI Fortune of Max New York Life. It has seven different fund options which give you a tool to manage good returns without taking undue risk.

FLEXI Fortune of Max New York Life is featured with choice in special areas, including fund options, life cover multiple as well as the tenure of the policy.

You can get an advantage with structured transfer scheme also with this policy that would profit from market volatility and maximizes one’s profit share by timing the tenure of the policy accordingly.

FLEXI Fortune of Max New York Life is a completely customized plan in accordance with people requirements and specifications.

Another place, Mr. Rajesh Sud said about the Flexi Fortune, “Launching ‘FLEXI Fortune’ is a natural progression in our journey to offer the consumer a complete choice of growth oriented savings to suit their various needs.” It is a complete varied plan to fill the people requirement like Principal SMART Equity Fund.

An online news portal about business and economy – economictimes.indiatimes.com, writes about Principal SMART Equity Fund, “When the market turns expensive in terms of the P/E ratio, the scheme will reduce its allocation to equities and move assets into debt and vice versa.”

The portal gives an example also about it, “For example, if the P/E ratio of Nifty quotes below 16, the fund will be fully invested into equities and as the ratio rises the money will move into debt instruments. If the P/E ratio for Nifty goes above 28, the fund will completely move into debt instruments.”

Further the news portal elaborates the Principal Mutual Fund, “The equity component will have more of stocks that fall in the large-cap category. The debt component of the fund will be more into money market securities that are typically of short tenure. By employing a P/E-based strategy, the fund aims to take asset calls in a more disciplined manner with little fund manager bias. This is expected to help the fund to buy more of equities when the market quotes at lower levels and sell more of equities when the market climbs in valuations terms.”

About the investment planning, the news portal writes, “The minimum investment to buy into this opportunity is Rs 5,000. There is no entry load. The exit load is 2% if you decide to move out of the scheme before completing one year. It stands reduced to 1%, if you decide to move out before completing two years. If you remain invested for more than two years there will be no exit load.” It is just like Mobile Investment Manager.

An online news portal about business and economy – economictimes.indiatimes.com, quotes a statement about Mobile Investment Manager of Birla Sun Life Mutual Fund, “The service is available to existing investors of Birla Sun Life Mutual Fund with the benefit of managing their investments from the convenience of their mobile phone.”

“On this mobile platform, an investor can seek portfolio information, make additional purchases, register for SIPs and also make switches and redemptions.”

So, the service is available now for only existing investors of Birla Sun Life Mutual Fund. They can get benefit of managing their investments from the convenience of their mobile phone.

The news portal quotes a statement of BSLMF’s Chief Executive Offficer A Balasubramanian, “The launch of ‘Mobile Investment Manager’ assumes great significance for BSLMF given the rapidly increasing number of mobile users and the mobile penetration, which is currently above 500-million.

It allows users the freedom to transact from anywhere and at anytime especially those who are always on the move.”

Now, users can get the freedom to transact from anywhere and at anytime. It is a very good service for those who are always on the move.

On the other hand, mChek’s Chief Executive Officer Gautam Shiknis said, “mChek is pleased to partner with Birla Sun Life Mutual Fund to offer mobile investments and portfolio management services, by leveraging the security of the mChek platform and extending it’s footprint of anytime anywhere services to the financial services domain.”

In association with BSLMF, mChek is also pleased to offer mobile investments and portfolio management services.

So, it is a remarkable step of Birla Sun Life Mutual Fund in the launch of Mobile Investment Manager in association with mChek. It is a very good announcement just like Birla Sun Life MF and Oriental Bank of Commerce MoU Pact for a Strategic Alliance.

An online news portal about business and economy – economictimes.indiatimes.com, quotes a statement of ICICI Bank’s executive director, Rajiv Sabharwal, “In association with American Express, we will be able to offer customers, not only a seamless payment experience when they travel abroad, but also additional benefits, such as Selects offers, which are not normally included on other prepaid cards in India.”

Further the news portal quotes a statement of American Express’ executive vice-president and Head of Global Network Services, Japan, Asia-Pacific, Australia, Kula Kulendran also, “With the launch of the ICICI Bank American Express Prepaid Travel Card, we are delighted to further strengthen our partnership by offering a new premium payment choice, which provides many privileges that will fulfill the fast-growing needs of Indian customers who are travelling and spending overseas.”

The news portal quotes some press release quotation also, “The new card is aimed at the fast-expanding customer segment of discerning travellers who have frequent travel schedules for both business and leisure.”

“In addition to the expediency and other benefits of cashless travel, the card will allow customers to have access to 13,000 offers from over 10,000 merchants participating in American Express Selects programme across more than 76 countries.

Customers will also have useful services and benefits, such as a 24×7 customer hotline, an international toll-free number, travel insurance, emergency travel and medical assistance, among others.”

So, both banks have tried to introduce traveler oriented prepaid cards. The card will be benefited with useful services also. There will be a 24×7 customer hotline also. The card targets frequent travel schedules for both business and leisure. It is another long pact between two banks after Birla Sun Life MF and Oriental Bank of Commerce MoU Pact for a Strategic Alliance.

The statement was published in an online news portal – economictimes.indiatimes.com. Further the news portal writes about the increase rates of PNB for fixed deposit, “The new rate for 180-270 days term deposit would be 6 per cent from the existing 5.75 per cent while 1-2 years fixed deposit would be 7 per cent.”

According to the news portal, “the bank had raised its prime lending rates by 75 basis points to 11.75 per cent and deposit rates across various maturities between 25-75 basis points.”

The bank launches PNB Dugna and PNB Lakhpati, special deposit schemes from September 1 on special rates.

Punjab National Bank has launched festival bonanza also for home loan at 8.5 per cent earlier this month.

In the analysis of raised fixed deposit rates of PNB, the news portal writes, “The concessional rate of 8.5 per cent has been fixed for three years for housing loans up to Rs. 50 lakh. As per the existing rate-card, loans up to Rs. 30 lakh attract a lowest rate of 9.25 per cent with a repayment period of 5 years while loan above Rs. 30 lakh is available at 10 per cent for similar maturity.”

At the same time, new car loan borrower under fixed option will get a rebate of 0.5 per cent. The festival offer is valid from August 20 to December 31, 2010.”

It is a new and beneficial offer for the customers. Punjab National Bank has tried to build a customer relationship with the new plan in financial industry.

About the special rates for home and car loans of SBH, economictimes.indiatimes.com quotes a calculation of the bank, “the interest rates for home loans will continue to be at 8.5 per cent for the first year and 9.25 per cent (floating) for the second and third years for loan upto Rs 50 lakh and 9.5 per cent (floating) for the second and third years for loans above Rs 50 lakh.”

There are very flexible loan rates with loan amount with the home loans in the special rates of SBH.

Further the news portal writes, “From the fourth year onwards the rate is linked to Base Rate which effectively works out to be 9.75 per cent for loans upto Rs 50 lakh and 10.75 per cent for loans above Rs 50 lakh at present.”

An analysis about the car loans, the news portal quotes, “The interest rates for car loans for new cars are 8.5 per cent fixed for the first year and 10.5 per cent (floating) for second and third years irrespective of loan amount. From fourth year onwards, the rate is linked to Base Rate which effectively works out to be 11.5 per cent for loans up to Rs 5 lakh and 11.25 per cent for above Rs 5 lakh.”

The special loan rate for car loans of SBH is also very similar to its home loan. There is flexibility with loan term and loan amount.

Further the news portal writes, “SBH fixed its base rate at 7.75 per cent which came into effect from July 1.”

Recently, State Bank of India (SBI) has also introduced teaser rates to car loan market. Now, SBH has announced about special rates for home and car loans.