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<a href=”http://www.bankofindia.com/home.aspx”>Bank of India</a> has plans to get in to asset management business in India for which it is looking for foreign partners.

<a href=”http://www.bankofindia.com/home.aspx”>Bank of India</a> has been in touch with five foreign players to launch AMC business in India including Japan-based Dai-ichi Life and Spain-based BBVA Asset Management. BoI has invited bids from two AMCs from UK, the Far-East and Middle-East too.
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Quantum Index Fund, launched an open-ended Exchange Trade Fund. The investment objective of the scheme is to invest in stocks of companies comprising S&P CNX Nifty Index and endeavour to achieve return equivalent to the Nifty by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in the S&P CNX Nifty. Index with the intention of minimising the performance differences between the scheme and the S&P CNX Nifty.

Issue Opens on 09-Jun-2008 and issue closes on 20-Jun-2008

W.E.F. February 1, 2008 Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA)

Mirae Asset India Opportunities Fund (MAIOF) is an open ended equity oriented scheme which would seek to maximise on opportunities presented by the growing Indian economy. The fund is uniquely positioned so that it can strive to capitalise on these opportunities at all points of time over changing market conditions.

The fund has the flexibility to invest across sectors & industries. It can also shift its investment focus depending on market conditions. This is critical considering that different sectors tend to outperform each other at different points of time.
Maximise opportunities under different market conditions

* New Fund Offer closes on 10th March.
* Units available at Rs. 10 per applicable load.

Mirae Asset India Opportunities Fund (MAIOF) is an open ended equity oriented scheme that strives to maximise opportunities under different market conditions.

New Income Tax slabs for the Year 2008-2009
Honorable Finance Minister P Chidambaram proposed to made some changes in the slabs for personal income tax. honorable Finance Minister P Chidambaram proposed to increase the threshold limit of exemption:
• in the case of all assesses, from Rs.110,000 to Rs.150,000, thus giving every assessee a relief at a minimum of Rs.4,000. Consequently, the four slabs and rates will be as follows:
Up to Rs.150,000 NIL
Rs.150,001 to Rs.300,000 10 per cent
Rs.300,001 to Rs.500,000 20 per cent
Rs.500,001 and above 30 per cent
• in the case of a woman assessee, from Rs.145,000 to Rs.180,000;
• in the case of a senior citizen, from Rs.195,000 to Rs.225,000.

(A 10 year close-ended Equity Linked Savings Scheme) The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit.

nvestment Objective
The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit.

Asset Allocation
Under normal circumstances, the asset allocation under the Scheme will be as follows:

Type of Security % of Corpus (indicative) Risk Profile
———————————————————————-
Equities 80 - 100 % High
Debt and Money Market Instruments Up to 20 % Low to Medium

Options Available:

* Growth Plan - Growth option
* Dividend Plan - Dividend payout Option

Benchmark Index: BSE 100

Minimum Investment Amount:
Minimum initial investment for all categories is Rs.500/- and in multiples of Rs.500/- thereafter. However, as per section 80 C of the Income Tax Act, 1961, the tax benefit will be available only upto a maximum amount of Rs.1,00,000/-.

Specified Redemption Period/Liquidity
The scheme will offer purchase only during the new fund offer period and the redemption/switch-out will be available only during the Specified Redemption Period i.e. first five Business Days on a monthly basis at NAV based prices after an initial lock-in-period of three years from the date of allotment.

Load Structure:
During the New Fund Offer period:
Entry Load: Not Applicable
Exit Load: Nil*
*In accordance with the SEBI (MFs) Regulations, NFO expenses not exceeding 6% of the amount mobilised, will be charged to the scheme and will be amortised over a period of 10 years. If the investor opts for the redemption before the completion of 10 years, proportionate unamortized portion of the NFO expenses outstanding as on the date of the redemption shall be recovered from such investor.

For more Information, please visit the following URL’s:-

Mutual funds India

Reliance Mutual Fund NFO

Infrastructure - a global perspective
One of the important learnings of this era of economic globalization has been the role of quality infrastructure in economic success.

It is now evident and clear that building high quality infrastructure is a pre-requisite for building a globally competitive economy.

The success stories built on investment in infrastructure in developed countries and more recently in South East Asia, Middle East and China etc are for all to see.

Global capital and models of public private partnerships are facilitating“early take - off” of these aspirations of building quality infrastructure.Whether it is growing Asia, emerging Europe, developing Africa or resurgent Latin America, the story of infrastructure development is on the front pages.

Closer home, we have witnessed success stories in the Golden Quadrilateral / Delhi Metro / Telecom infrastructure projects through public-private partnerships. New success stories in the areas of airports, power generation and distribution / SEZs are in the process of taking shape.

Thus, the infrastructure phenomenon is happening in India and other growing economies.

The learning from other countries is helping to focus attention on building quality roads, airports, communication and power networks. Empirical evidence from the experience of developed economies suggests that development of urban infrastructure pays handsome dividends in establishing long term growth trajectories in growing economies.

As we have seen economies in their growth phase show a much higher appetite and need for rapid infrastructure development, this has been chosen as the investment theme.

The wheels of growing economies move on its infrastructure.

Hi,
I our daily life we are going through lots of stress. But do you know that even the Strapless Evening Gown is also goes through huge stress.
Charles E. Siem is explained it here.
Strapless Evening Gown also faces a STRESS(I am stressing on the word STRESS )