Birla Sun Life Mutual Fund launches Birla Sun Life Focused Equity Fund

 

 

 

 

 

Birla Sun Life Mutual Fund launches
Birla Sun Life Focused Equity Fund – Series 2

A Close ended Equity Scheme

NFO Period from February 26, 2014 – March 14, 2014

 

Highlights:

Large-Cap oriented fund that invests in equity shares of the 100 largest listed companies in India

Eligible investors can also claim RGESS benefit u/s 80 CCG of the Income Tax act, 1961

 

Lucknow, February 27, 2014: Birla Sun Life Asset Management Company Limited, a part of Aditya Birla Financial Services Group (ABFSG), and investment manager for Birla Sun Life Mutual Fund (BSLMF), announced the launch of the Birla Sun Life Focused Equity Fund – Series 2, a close-ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013. The fund will invest in the equity securities specified as ‘eligible securities’ under the RGESS guidelines which include equity shares of (a) companies falling in list of BSE 100 and CNX 100 and (b) PSUs which are categorized as Navratna, Maharatna or Miniratna by the Central Government.    

 

Speaking on the launch of the scheme, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited said, “The RGESS structure encourages discipline to stay invested in equities for investors who are new to Mutual Funds. The improving market environment also makes this a good time for retail investors to consider long-term wealth creation through equities. A close-ended equity fund like ours can be well positioned to capture this for investors. The additional Tax benefit u/s 80 CCG, with a higher income eligibility of Rs. 12 Lakhs per annum also makes this a meaningful opportunity for first-time investors.”

 

The New Fund Offer Period opens on February 26, 2014 and is open till March 14, 2014 with price of units of the scheme at Rs. 10 per unit. The minimum amount that investors can invest in this scheme is Rs. 5,000/- and in multiples of Rs. 10/- thereafter during the New Fund Offer period. Investing in Birla Sun Life Focused Equity Fund – Series 2 may also entitle the investors to avail tax benefits under section 80CCG which is over and above the eligibility under section 80C. Investors who have not opened a Demat account or have not made any transactions in their Demat account will be eligible. Incorrect [tax deductions available under Income Tax Act, 1961 shall be subject to various conditions specified therein from time to time.

 

The primary investment objective of the Scheme is to generate capital appreciation from a portfolio of equity securities specified  as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2013 (RGESS).

 

The scheme will be listed on BSE and NSE. As the units will be listed on stock exchange/s, Investors/ unit holders can buy / sell units on a continuous basis on the stock exchange/s. The minimum number of Units that can be bought or sold on the Exchange is 1 (one) unit.

 

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

 

The information on taxation is provided for general information only. In view of the individual nature of tax implications, investors are requested to consult their tax advisors for the RGESS related and other tax implications before investing in the Scheme.

 

It is to be distinctly understood that the permission given by Bombay Stock Exchange Ltd. should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by Bombay Stock Exchange Ltd. nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of Bombay Stock Exchange Ltd.’.

 

 It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’

 

About Birla Sun Life Asset Management Company Limited

Established in 1994, Birla Sun Life Asset Management Company Limited (BSLAMC), investment manager for Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and Sun Life Financial Inc, a leading international financial services organisation from Canada. Birla Sun Life Mutual Fund is the 4th largest Fund house in India based on domestic average assets under management as published by AMFI for the quarter ended December 31, 2013. An impressive mix of reach through 96 branches, a wide range of product offerings across equity, debt, balanced as well as structured asset classes and strong investment performance has helped the company garner over 2.1 million investor scheme accounts (as of December 31, 2013). BSLAMC offers investors a range of comprehensive investment options, which includes diversified and sector specific equity schemes, hybrid funds and a wide range of debt and treasury products. Its offerings also include Portfolio Advisory Services for High Net worth Individuals as well as offshore funds for Non-Resident Indians.

 

About Aditya Birla Financial Services Group

Aditya Birla Financial Services Group (ABFSG) ranks among the top 5 fund managers in India (excluding banks and LIC) with an AUM of ~$19.86 billion. Having a strong presence across the life insurance, asset management, NBFC, private equity, retail broking, distribution and wealth management, and general insurance broking businesses, ABFSG is committed to serve the end-to-end financial services needs of its retail and corporate customers. The seven companies representing ABFSG are: Birla Sun Life Insurance Company Ltd., Birla Sun Life Asset Management Company Ltd., Aditya Birla Finance Ltd., Aditya Birla Capital Advisors Pvt. Ltd., Aditya Birla Money Ltd., Aditya Birla Money Mart Ltd. and Aditya Birla Insurance Brokers Ltd. In FY2012-13, ABFSG reported consolidated revenue from these businesses at INR 6,390 Crores (1.17 billion) and earnings before tax at INR.761 Crores. Anchored by about 14,200 employees and trusted by about 5.3 million customers, ABFSG has a nationwide reach through more than 1,550 points of presence and about 1,60,000 agents/channel partners.

 

About Aditya Birla Nuvo Ltd.

Aditya Birla Nuvo is a USD 4.75 billion conglomerate. Over the years, it has successfully ventured into the service sectors viz., Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Fashion & Lifestyle, Telecom, and IT-ITeS. Its razor sharp focus on manufacturing businesses has made it a leading player in the Agri, Rayon and Insulators sectors.

 

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2013, the Sun Life Financial group of companies had total assets under management of $590 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

 


For more details, please contact

Atul malikram

9827092823

 

 

 

 

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Udit Narayan dubs for Manish Paul

Tu Cheez Badi hai Mast mast

It’s every actor’s delight to get himself voiced by legendary singer Udit Narayan who has many blockbuster numbers in his kitty like PehlaNasha.., DilTohPaagalhai, etc. The singer dubbed for actor Manish Paul when he had come on the sets of Star Plus’ Mad in India: 100% desi show.
During the shoot Manish told Udit that he has grown-up listening to his songs and requested him to sing ‘PehlaNashaa…’ so that he could act in an archetypal style; Udit spontaneously obliged to give a voice-over.
That is not it… Manish also revealed a secret there. He fondly cherished a childhood memory that when he was a kid his Mom always made me dance at every birthday party on Udit’s popular number – ‘TuCheezBadiHai Mast Mast’. On his request Udit& Mika were seen matching ‘mast-mast’ steps with him which left people on floor laughing.
Watch all the fun in the upcoming episode of Mad in India only on Star Plus every Sunday at 9:00pm
For more information
PR 24×7 Network Limited
Atul Malikram
atulid2014@gmail.com
http://www.pr24x7.com

NAKUULS DREAM FINALLY A REALITY

Image

NAKUULS DREAM FINALLY A REALITY

 

We have often heard of actors having a liking for sports, but have you seen an actor kiss the ground of a cricket stadium for the sheer love and passion for the game? Yes, you heard it right! Nakuul Mehta who plays the role of Aditya in Star Plus’ popular show Pyar Ka Dard Hai seems to be really excited these days. Well, he has two reasons for all the excitement and celebration. One being that the lead pair Adi and Pankhuri have been shooting in the exotic lands of Australia for their honeymoon and second, Nakuul finally had the chance to visit the Melbourne cricket stadium.

The actor we hear, is extremely passionate about the game and had visited all the major cricket stadiums in the world except for Melbourne. When Nakuul was informed that the shoot location for one of the episodes will be Melbourne he couldn’t wait to have a glimpse of the Melbourne stadium. In his excitement Nakuul requested the stadium authorities to allow him a lap of the stadium’s main ground. Not only was Nakuul thrilled about the positive response the actor actually kissed the ground and lied down to sink in the feeling.

When asked about his experience Nakuul said, “We are shooting at some of the best locations in Australia. But, the Melbourne shoot will truly be the most memorable one for me. I have been a die-hard cricket fan since my childhood and have visited all the major stadiums in the world. The only one remaining was Melbourne stadium. I’m so grateful to the channel for giving me this opportunity I always dreamt of.”

Nakuul, we surely can sense your excitement and the blissful feeling.

Watch your favorite couple romance in the beautiful locales of Australia in Pyar Ka Dard Hai every Monday to Saturday only on Star Plus at 10:00pm

 

For more information

PR 24×7 Network Limited

Atul Malikram

atulid2014@gmail.com

www.pr24x7.com

 

Udit Narayan dubs for Manish Paul

Image

Udit Narayan dubs for Manish Paul

 

It’s every actor’s delight to get himself voiced by legendary singer Udit Narayan who has many blockbuster numbers in his kitty like PehlaNasha.., DilTohPaagalhai, etc. The singer dubbed for actor Manish Paul when he had come on the sets of Star Plus’ Mad in India: 100% desi show.

During the shoot Manish told Udit that he has grown-up listening to his songs and requested him to sing ‘PehlaNashaa…’ so that he could act in an archetypal style; Udit spontaneously obliged to give a voice-over.

That is not it… Manish also revealed a secret there. He fondly cherished a childhood memory that when he was a kid his Mom always made me dance at every birthday party on Udit’s popular number – ‘TuCheezBadiHai Mast Mast’. On his request Udit& Mika were seen matching ‘mast-mast’ steps with him which left people on floor laughing.

Watch all the fun in the upcoming episode of Mad in India only on Star Plus every Sunday at 9:00pm

For more information

PR 24×7 Network Limited

Atul Malikram

atulid2014@gmail.com

www.pr24x7.com

 

Gujarat CM Narendra Modi unveils one of world’s largest 151 (DC) MW solar project in MP

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????Gujarat CM Narendra Modi unveils one of world’s largest 151 (DC) MW solar project in MP

~ Madhya Pradesh CM recognises it as a watershed project in India’s Clean Energy sector ~
~ Landmark project functional ahead of schedule ~
~ 6,24,000 homes to gain power; 2,16,372 tonnes of carbon emissions will be mitigated ~

Neemuch, February 26, 2014 Welspun Energy Ltd (WEL), one of India’s leading power generating companies, formally inaugurated its 151 (DC) MW solar project – commissioning it 8 months ahead of schedule, located in Neemuch district of Madhya Pradesh. Being the one of the largest solar projects in the world and given the project’s contribution towards the nation’s energy security, Chief Minister of Gujarat, Shri Narendra Modi inaugurated the project along with Hon. Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chouhan.
WEL, through its subsidiary, Welspun Solar Madhya Pradesh Private Limited (WSMPPL) had won the project against 12 qualified bidders. It is also the largest solar power project awarded to any industry player in India and will enable powering of 6,24,000 homes in Madhya Pradesh. It will help mitigate 2,16,372 tonnes of carbon emission annually.
Gujarat Chief Minister, Shri Narendra Modi said, “Our nation has set ambitious goals to achieve energy security through renewable sources. Projects like these are a perfect example of what should be done to achieve these goals. Using clean energy in the present will help secure a greener world for the future generations – and this is a priority for us. With the ever increasing power crisis and rising prices of coal and gas, we must tie together the power of wind and sun to produce electricity for the commercial and household use. Creating clean energy infrastructure will, in turn, help create employment opportunities for people, healthy competition in the market and the community at large will benefit in several ways.”
Shri Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, said, “Climate change is generally accepted as being the greatest environmental challenge facing our world today. Together with the need to ensure long-term security of energy supply, it imposes an obligation on all of us to consider ways of reducing our carbon footprint and sourcing more of our energy from renewable resources. The government has responded by setting legally binding targets to reduce carbon dioxide emissions by 2020 and such projects will help achieve those targets. This is a milestone project in MP that sets the standard for other industry players to develop such large scale projects across the nation.”
This project is a role model for solar projects in India. It is part of government’s continued efforts to increase clean energy adoption. Further, few UMPPs are also in pipeline across various parts of the country to bring sustainable energy to the forefront. In line with the government solar initiatives, Welspun Energy aims to develop 1750 GW of solar and wind power projects by 2017.
Mr. Vineet Mittal, Managing Director Welspun Energy Ltd. said, “We are grateful that Narendra Modiji, Shivraj Singh Chouhanji and all our esteemed dignitaries took time out of their busy schedule to visit our plant today. Modiji had also presented the ‘Solar Power Project Developer 2012’ award in Gujarat to Welspun Energy. We are committed to supplying clean energy to power India’s growth and is continuously vying for large projects like this one. This 151 (DC) MW solar project is an achievement for us and places our nation on the world map of leading renewable energy producers. Our engineering expertise has enabled us to complete the project ahead of schedule. This project will help India meet its clean and green power requirements substantially.”
WEL has successfully developed it’s projects well before their scheduled deadline and at a lower cost ratio as compared to other players in this sector. Welspun Energy has so far built a pipeline of more than 600 MW clean energy, of this 217 MW clean energy projects are operational.
For more information
PR 24×7 Network Limited
Atul Malikram
atulid2014@gmail.com
http://www.pr24x7.com

Gujarat CM Narendra Modi unveils one of world’s largest 151 (DC) MW solar project in MP

Image

Gujarat CM Narendra Modi unveils one of world’s largest 151 (DC) MW solar project in MP

 

~ Madhya Pradesh CM recognises it as a watershed project in India’s Clean Energy sector ~

~ Landmark project functional ahead of schedule ~

~ 6,24,000 homes to gain power; 2,16,372 tonnes of carbon emissions will be mitigated  ~

 

Neemuch, February 26, 2014 Welspun Energy Ltd (WEL), one of India’s leading power generating companies, formally inaugurated its 151 (DC) MW solar project – commissioning it 8 months ahead of schedule, located in Neemuch district of Madhya Pradesh.  Being the one of the largest solar projects in the world and given the project’s contribution towards the nation’s energy security, Chief Minister of Gujarat, Shri Narendra Modi inaugurated the project along with Hon. Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chouhan.

WEL, through its subsidiary, Welspun Solar Madhya Pradesh Private Limited (WSMPPL) had won the project against 12 qualified bidders. It is also the largest solar power project awarded to any industry player in India and will enable powering of 6,24,000 homes in Madhya Pradesh. It will help mitigate 2,16,372 tonnes of carbon emission annually.

Gujarat Chief Minister, Shri Narendra Modi said, Our nation has set ambitious goals to achieve energy security through renewable sources. Projects like these are a perfect example of what should be done to achieve these goals. Using clean energy in the present will help secure a greener world for the future generations – and this is a priority for us. With the ever increasing power crisis and rising prices of coal and gas, we must tie together the power of wind and sun to produce electricity for the commercial and household use. Creating clean energy infrastructure will, in turn, help create employment opportunities for people, healthy competition in the market and the community at large will benefit in several ways.

Shri Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, said, Climate change is generally accepted as being the greatest environmental challenge facing our world today. Together with the need to ensure long-term security of energy supply, it imposes an obligation on all of us to consider ways of reducing our carbon footprint and sourcing more of our energy from renewable resources. The government has responded by setting legally binding targets to reduce carbon dioxide emissions by 2020 and such projects will help achieve those targets. This is a milestone project in MP that sets the standard for other industry players to develop such large scale projects across the nation.

This project is a role model for solar projects in India. It is part of government’s continued efforts to increase clean energy adoption. Further, few UMPPs are also in pipeline across various parts of the country to bring sustainable energy to the forefront. In line with the government solar initiatives, Welspun Energy aims to develop 1750 GW of solar and wind power projects by 2017.

Mr. Vineet Mittal, Managing Director Welspun Energy Ltd. said, We are grateful that Narendra Modiji, Shivraj Singh Chouhanji and all our esteemed dignitaries took time out of their busy schedule to visit our plant today. Modiji had also presented the ‘Solar Power Project Developer 2012’ award in Gujarat to Welspun Energy. We are committed to supplying clean energy to power India’s growth and is continuously vying for large projects like this one. This 151 (DC) MW solar project is an achievement for us and places our nation on the world map of leading renewable energy producers. Our engineering expertise has enabled us to complete the project ahead of schedule. This project will help India meet its clean and green power requirements substantially.

WEL has successfully developed it’s projects well before their scheduled deadline and at a lower cost ratio as compared to other players in this sector. Welspun Energy has so far built a pipeline of more than 600 MW clean energy, of this 217 MW clean energy projects are operational.

For more information

PR 24×7 Network Limited

Atul Malikram

atulid2014@gmail.com

www.pr24x7.com

 

‘DANCING DIVA 2014’ Audition received tremendous response in Indore

 

‘DANCING DIVA 2014’ Audition received tremendous response in IndoreImage

 

Winner of “Dancing Diva 2014” will be awarded worth Rs.6 lac 1st runner up 3 lac & 2nd runner up 2 lac.

 

Indore: 25th February 2014: Dance is an art and culture. It is a way to express our feelings, emotions & love. Dance is an exercise also which keeps us healthy after viewing the multiple values of dance. Riddhi Welfare a welfare society has come forward to organize a unique contest, titled “Dancing Diva 2014” aiming to identify best dancer of Madhya Pradesh.  

 

Indore is such a city of Madhya Pradesh, the cultural capital of India which gave many artistes to the country. To keep the spirit 23 talented girls from the city participated in the audition today out of which 12 girls will enter onward rounds.

 

The contest is mainly dedicated to underprivileged girls of the society who rarely get opportunities to showcase their talents before mass. The welfare society through the initiative also highlights the phrase “Beti Hai To Kal Hai”. It is well known fact that girls in the society are underestimated particularly the underprivileged girls, but people do not know that god poured talents in all equally and everyone has right to exhibit the same at proper time.     

 

The competition is divided in four parts- Audition, semifinal, Final & Grand Finale. Attractive prizes are offered to all three city finalists and all three finalists of grand finale. All the contestants and sponsors will get great exposure and publicity through this competition. The Celebrities & choreographer from Bollywood will judge all contestants & the participants will get chance to take effective tips from them, who will also help them to make their career in dancing field. Expected Judges are Shaimak Davar, Marzi Pestonji and Caudia Ciesla.

 

Aditya Sharma, event director from Riddhi Welfare says ‘We have always been in search of opportunities to encourage young talents of society and this time we have decided to encourage underprivileged girls of the society who despite having talents of varied nature, do not get right platform to exhibit their abilities. We are sure Dancing Diva 2014 will be proved an ideal platform to showcase their dancing talent and also a gate for their future career’.

 

Adding more, Aashish Saxena (President) from Riddhi Welfare said ‘We with our principle message “Beti hai to kal hai” are trying to prove that daughters are not liabilities of individuals and society, but true assets. I am happy to see the talented dancing girls of Indore city in the audition held today.’

 

To encourage all three city finalist the welfare society will provide prizes to each winner. City winner will be awarded worth Rs.51000/- , First runner-up will get Rs.31000/- and Second runner-up will get Rs.21000/-. Winner of grand finale will be awarded worth Rs.6 lac, First & Second runner-up will get Rs.3 lac & Rs. 2lac respectively.   

 

About Riddhi Welfare:

 

Founded recently Riddhi Welfare is a welfare society. With one line motto of improving life styles of underprivileged girls, Riddhi Welfare do all efforts to make  access of needy people of society to their target.  It has till now organized good numbers of events focusing upon boys and girls of society.

 

For more details, please contact

Ritu

9827092823

breakfastnews@gmail.com