UTI MF Fixed Term Income Fund - Series XXI - IV NFO

UTI MF Fixed Term Income Fund - Series XXI - IV

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund - Series XXI - IV (1146 Days), a close ended income scheme.
The duration of the scheme is 1146 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The new issue will be open for subscription from 2015, 29 January to 9 February 2015.


The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.

The scheme offers growth option, quarterly dividend option with payout and reinvestment facility, flexi dividend option with payout and reinvestment facility, annual dividend option with payout and reinvestment facility and maturity dividend option with payout facility.

The scheme would allocate 80% to 100% of assets in debt instruments with low to medium risk profile and invest upto 20% of assets would be allocated to money market instruments with low risk profile.

The minimum application amount is Rs. 5000


Entry & exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

Mr. Sunil Patil is the fund manager for the scheme.
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TIA Seminar Bullet Proof Investing Chennai Jan. 31 2015

TIA Seminar Bullet Proof Investing Chennai Jan. 31 2015

TIA Seminar

Name of the Programme:
Bullet Proof Investing

Venue:
Chennai

Date: 
Jan. 31, 2015

Time :
10 am to 5.30 pm
Organiesd by
 TamilNadu Investors Association



Tamilnadu Investors' Association,
Registered Office,
'Anna Illam'
No. 10 - D  Avenue Road
Nungambakkam  Chennai - 600 034.
Tamil Nadu India.
Telephone : 044 2831 2538
Telefax: 044 2831 2539
E-mail :president@tiaindia.com, secretary@tiaindia.com

REGULAR MEETINGS
Every  first Sunday and third Sunday at 10 am
Venue : Vivekananda Hall,
P.S.Higher Secondary School,

215, R.K.Mutt Road, 
Mylapore, 
Chennai - 600 004.
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Hiranandani Parks, Flats and Plot at Oragadam Near Chennai

“Stylish Residential towers by the makers of India’s finest township”

“Hiranandani Parks” a prestigious gated community Township strategically located at Oragadam, Chennai. It is a 30-minute drive from the International Airport and 9 km from Singaperumalkoil railway station. Hiranandani Parks developing 369 acres comprising of mainly residential & partially commercial situated on Triveni Nagar, Vadakapattu, Oragadam. Hiranandani Parks is mixed development of High Rise apartments / Low Rise apartments/ Villa Plot.  
Life of Hiranandani Parks

“Hiranandani Parks” Elegant Luxurious apartments or buy a residential plot of land and let us build you a beautiful villa on it. All residences will be built in our signature, Neo-classical style and with superior construction quality standards & top of the line amenities, both internal & external.  Exquisite landscapes, open space spread over wide areas. Plenty of open green spaces, tree-lined streets and environment-friendly facilities are a dramatic difference from traditional city life.

In future, we have planned holistic schooling, world class medical care, a clubhouse and a variety of recreational options. “Hiranandani Parks” is an experience like no other.

Apartments

Apartment being developed in a 50 acres with 1536 well-appointed 2.5, 3 & 3.5 BHK Multi-story apartments, segment of 2 Cluster comprising of 27 floors, with wide choice of areas to select from 1706 sq ft to 1927 sq ft in ranging from 61.2 lacs onwards.

Residential Plots

Have newly launched Residential plotted development in part of our town ship the plot range between 1500 to 3600 Sq.ft, price per sq.ft is Rs. 2400 budget from Rs. 36 Lakhs onwards.
     

Kindly go through it you tube link.



For Bookings
N. Kalaivani
nkalaivani@hrealty.com
8939828654
Manager - Corporate Sales
Hiranandani Parks 

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Gera’s Realty Report: ‘Realty’ Story of the Top 10 developers of Pune..!

Gera’s Realty Report for July to December 2014 discloses the ‘Realty’ Story of the Top 10 developers of Pune
Quantitative and qualitative analysis of the market highlights the consumer preferences towards Pune’s Top 10 developers (1) and the rest of the sector

Highlights of the report..!

·         Overall market in terms of gross stock shrinks by 2.1% while unsold inventory increases by 1.2% and prices remain virtually stagnant from July to December 2014.

·         The top 10 developers have approx. 10% of the gross stock across the market

·         Unsold stock for the top 10 developers is consistently lower across all stages of work, indicating that customers are preferring to rely more on reputed developers with a track record during challenging times.

·         In early stage projects, while the market sold about 35% of the total inventory, the top 10 developers sold approx. 45% of their inventory of early stage projects. 

·         This trend continues all the way to ready properties where the market has a sellout of 81%, the top 10 developers have a sellout of 95.5%.

·         Comparing the market share of gross stock, the top 10 developers have a market share of 32% in June 2014 and 36% in December 2014 of the premium plus and luxury segment

Gera Developments, one of the pioneers of the real estate business and the creators of premium residential and commercial projects in Pune, Goa and Bengaluru, today released the Gera Pune Realty Report for the period July 2014 to December 2014. 

The all-inclusive report, an industry benchmark, highlights a paradox of sorts between the performance of the overall real estate residential market and the top 10 developers (1) over the last calendar year. Gera’s realty report showcases how all the recent indicators and analysis parameters point towards a challenging scenario.

The rate of price increase for 2014 has dropped substantially over 2013 and the last 12 months have seen the slowest increase in rates of only 5.3% as compared to 14.1% and 14.8% over the two prior years. Increases in residential property prices for 2014 are now below inflation.  

Over the past 6 months, the gross stock has reduced from 245,369 units to 240,433, a reduction of 2.1% (indicating that projects were being launched slower than the rate of completion). 

During the same period, the unsold stock has increased from 66,350 units to 67,181 units, an increase of 1.2%.  For the first time in 3 years, the total number of projects has reduced from 2761 in June 2014 to 2683 in December 2014.

Mr. Rohit Gera, Managing Director, Gera Developments said, “While the overall numbers show a level of stress, we decided to assess whether there was any change in consumer pattern for different segments of developers. We decided to use the list of top 10 developers announced by Bloomberg TV India with JLL in the last quarter of 2014. We found that there is clearly a differentiation between the top 10 developers and the rest, with the top 10 developer group sales outperforming the overall market.  While sales for the overall market has declined by 18% (the sales for January to June 2014 was 54568 units while from July to December 2014 was 44424 units), the sales for the top 10 developers has seen a marginal decline of only 1.4%, lending further credence to the fact the customers prefer reputed developers with a consistent track record. The numbers therefore clearly indicate that the market is rewarding the more reputed developers who have a track record.  It seems the home buyers prefer investing in projects by these developers.  While reasons for this are not covered by this survey, one can assume that challenging times lead consumers to veer towards safety.  This is also evident from the fact that the early stage projects – those with the longest time to delivery are seeing slower sales than before.”

Though the macro findings paint a rather grim picture of the so- called isolated Pune real estate market, it is interesting to note that the stress has not been felt across the spectrum. Further comprehensive analysis of the Top 10 developers(1) in the residential real estate market reveals that these players have received continued support from customers and have managed to brave the headwinds.


Key comparative highlights are as follows:

-        The Top 10 developers(1) on an average have approximately 10% of the gross stock across the market.

-        The Top 10 developers(1)  have a market share of 32% in June 2014 and 36% in December 2014 of the premium plus and luxury segment of the overall gross stock

-        In terms of unsold stock numbers, it was evident that their unsold inventory was consistently lower across all stages of work,

-        In terms of movement, for the overall market, projects in the early stages had sold approximately 35% of the totally inventory while in comparison The Top 10 developers(1)   had sold 45% if their inventory.

-        In the case of ready properties where the market has a sellout of 81%, the top 10 developers had a sellout of 95.5%.

-        While sales for the overall market had declined by 18% from Jun’14 to Dec’14, the sales for The Top 10 developers(1) had a marginal decline of 1.4%

A deeper analysis of the unsold inventory in early stage projects tells the complete story. The unsold inventory in early stage projects has risen from 41.4% in December ’12 to 65.1% in December ’14 (Table 1).  While the increase in the unsold stock for the early stage projects is 22.35%, the increase in the overall unsold stock % is 6.07%.  Clearly consumers are being far more careful and purchasing projects which are past the early stage of progress.  The findings on the supply and overall stock indicate that the rates at which projects are being launched are much slower than the rate of completion of existing projects.

Mr. Gera further added that “The overall real estate market has been sluggish and in spite of this the state government has increased the ready reckoner rates for calculation of stamp duty and added a further burden on the home buyers.  There has already been a drastic reduction in the development charges and premiums collected by the Pune Municipal Corporation on account of the sluggish market.  Further pressurizing the industry will only slow things down further leading to lower revenues rather than enhanced revenues which is the objective of the new government. We hope that the union budget being presented in February will address some of the concerns that afflict the industry.  The real estate sector, with its backward linkages to the manufacturing as well as service sectors and also the skilled employment sector has the potential to boost the GDP however, home buyers need to see reason to convert their need to demand.”

On an overall macro level the key highlights of the Pune residential real estate market were as follows:

-        On an average, the rate across all the micro markets* in Pune was Rs 5061 per/sft in December, 2014.

-        Amongst the Top 20 micro markets(2) Wagholi, Bhosari, Pradhikaran and neighboring areas witnessed maximum infusion of new supply which was followed by Dehu and Alandi

-        In terms of new supply the top 5 micro-markets were all in the non- PMC area. This is indicative of the growing fringe areas of the city and city limits.

-        A category wise scrutiny reveals that towards the upper end of the pricing spectrum the unsold stock percentage increases. That being said there was a net reduction in the unsold inventory in the premium plus and luxury segments whereas the budget and value segments witnessed a net increase in their unsold inventory.
In conclusion, the reduction in the base interest rates of 25 basis points while positive will not do much to move the overall market.  

While the stock market has already responded to the new government and the changes that are taking place, the real estate market has been far more circumspect. This is probably because the speculators and short term investors have moved out of the real estate sector over the past few years. The genuine home buyers have seen difficult times with high interest rates as well as high inflation and low salary increases and this effect has led to home buyers taking a far more cautious approach this time around.  

Consumers are taking a more wait and watch approach and are waiting for more money in their hands so that they can afford to buy their dream home.  In the immediate term, the real estate industry along with the rest of the country has its hopes resting on the budget being unveiled in February. 

(1) Top 10 Developers as announced by Bloomberg TV India with JLL in the last quarter of 2014

Sr.No
Developer Name
1
Amit Enterprises
2
Gera Developments Pvt Ltd
3
Goel Ganga
4
Kolte Patil
5
Kumar Properties
6
Marvel Realtors
7
Panchshil
8
Paranjape Schemes
9
Pride Purple
10
Sukhwani Associates

* The city was divided into 6 zones each consisting of numerous neighborhoods / micro-markets – Reference real estate report


For Media Queries:
Ketchum Sampark
Sonia Kulkarni - + 91 9820184099
Sharon D’Souza - +91 9960619132
Consultant
Office No 7, Suyash Plaza, 
Bhandarkar Road, 
Deccan Gymkhana, 
Pune - 411 004

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SBI MF Dual Advantage Fund - Series VII - NFO

SBI Mutual Fund (MF) has unveiled a new fund named as SBI Dual Advantage Fund - Series VII, a close ended hybrid scheme.
The tenure of the scheme is 1111 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The new issue will be open for subscription from 2015, 2 February and close on 16 February 2015.

The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or / before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity and equity related instruments.

The scheme offers regular and direct plan. Both the plans will have growth and dividend option.
The scheme will invest 55% to 95% of assets in debt & debt related instruments, invest upto 10% of assets in money market instruments with low to medium risk profile and invest 5% to 35% of assets in equity and equity related instruments including derivatives with high risk profile.
The minimum application amount is Rs.5,000.
Entry & exit load charge will be not applicable.
The units of the scheme will be listed on NSE in order to provide liquidity.
Benchmark Index for the scheme is CRISIL MIP Blended Fund Index.

Mr. Rajeev Radhakrishnan shall manage debt portion and Mr. Richard D'souza shall manage investments in equity & equity related instruments of the scheme.

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Healthcare policy recommendation from Mr. Amol Naikawadi, Indus Health Plus

Indus Health Plus, pioneer in preventive healthcare. Government has emphasized on preventive healthcare as treatment is expensive, while prevention is economical. 

Under the ‘Health for All’ initiative, free diagnosis services and free drug services have been given priority. 

The health ministry's National Health Assurance Mission ( NHAM) will reduce the health care expenditure of Indian citizens and will also aim to provide health care at their doorstep.

Mr. Amol Naikawadi, Joint Managing Director Indus Health Plus shares policy recommendation for the  government for upcoming budgets. 

Mr. Amol Naikawadi, JMD, Indus Health Plus 

Mr. Amol Naikawadi, Preventive Healthcare Specialist and JMD, Indus Health Plus says, “ The 100 % FDI  in a separate policy for medical devices is a positive move by the new government. The move will further boost the investment climate in India. Since the government is focusing on prevention ever since their election manifesto was printed, PM and Govt together are focused towards working on prevention as priority. The sectorial allocation for health needs should  be increased from current 1.69% of GDP to at least 7 percent of GDP which would be in line with other developing economies of the world.  However the current government has given indications to reduce public spending on healthcare.  A reduction in sectorial spending from current 1.69 percent of GDP to 1.29 percent is not advisable and will affect several public health assurance spending’s like RSBY ,Arogya Shree schemes etc. The tax exemption on preventive healthcare checkup should be increased to Rs. 20000 and should be independent of the premium of health insurance.”

Mr. Amol Naikawadi wish list includes:
•          Tax exemption to be made a different category to justify government’s intension. The amount of Rs. 5000 should therefore be increased to Rs. 20000
•          Corporates should also be incentivized for their interest in preventive measures for employees
•          Government should make routine health check - up mandatory from the age of 25 years through healthcare programmes
•          Need to create personal health records and encourage screening of diseases amongst the population
•          Make it mandatory  for schools & colleges for initiating health programmes for early screening, promoting  positive health

About Indus Health Plus
An ISO 9001:2008 certified company; Indus Health Plus is determined to live up to its motto of making quality healthcare ‘Available, Accessible and Affordable’ each and every day. Indus has set up strategic alliances with well-equipped and renowned delivery partners in 65 Indian cities across 92 centres.          

Early detection of diseases through a preventive test not only saves life but also shields the person and his family from going through immense physical, emotional and financial distress. Addressing to this issue, Indus Health Plus facilitates high-end preventive health check-ups at affordable prices across India. Established in the year 2000, Indus uses high end technology across state-of-art facilities for its customers.
Indus Health Plus (P) Ltd.
'INDUS HOUSE', Pride Port,
Model Colony,
Pune - 411 016
Maharashtra, India


Phone:0-90490-22222

Fax: 020-66493499

India Toll Free Number :

1800-313-2500

Email :

customercare@indushealthplus.com

SMS:

'INDUS' to 57575

For media contact 
S Krishna Moorthy ISr. Account ManagerAvian Media1G, 1st Floor, 758, Mount Chambers,
Anna Salai, Chennai 600 002

D:     + 044-4260 4361
M:   + 91 9442191717

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GMAC launches GMAT enhanced score report

Report Just One Part of GMAC Efforts to Provide Students with More Control and 
Confidence

The Graduate Management Admission Council (GMAC),
owner and publisher of the GMAT exam, today announced the launch of the new GMAT
Enhanced Score Report, providing test takers of the GMAT exam with access to an in-depth
analysis their overall performance on the GMATincluding their performance on the various
sections and subsections within the exam.

The report provides metrics that describe everything from the test taker’s average time to
answer each question type, to overall time management relative to other test takers, and
providesinsight and analysis about how students might use the report to talk about or
improve their score.

This new GMAT Enhanced Score Report, which is delivered to a test
taker following their sitting of the exam, joins the GMATPrep Enhanced Score Report
introduced in 2014 with which students can guide their study and practice when using
GMAC’s official GMATPrep.

The GMAT Enhanced Score Report is one part of a series of new products GMAC has
developed to help students perform their best, understand how to interpret and manage
their score, present it in the best way to schools ortake steps to improve their score.

Both Enhanced Score Reports and the Score Preview feature provide test takers with
greater controlover how and when they report their scores to the schools to which they are
applying.  In 2014, GMAC introducedthe Score Preview feature for the GMAT exam that
allows test takers to cancel a GMAT score if it isn’t up to their standards or expectations,
before sending it to a school.

“The value of the GMAT Enhanced Score Report is that,used aloneor together with the
GMAT’s other prep and score reporting features,it can help students strengthen their
performance, improve their scores and be better prepared for the process of applying to
business school,” said Ashok Sarathy, Vice President of Product Management at
GMAC.  “With the control that comes from these features, students can be confident that
they areputting their best foot–and their best GMAT score– forward.” Munish Sapra, Senior Director – Admissions & Financial Aid, Indian School of  Business, said, “The GMAT Enhanced Score Report is a powerful feature as it will help  students in understanding how they have performed in various sections of the GMAT exam, thereby giving them a clear understanding on how to improve their GMAT performance and score. This will put them in a stronger position to apply to programs of their choice at quality business schools.”

The GMAT Enhanced Score Report can be purchased following the taking of the GMAT exam
for $24.99 (USD) through the mba.com store.  The GMATPrep Enhanced Score Report is a
part of the Exam Pack 1 package of GMATPrep and comes with two additional practice
exams and nearly 100 additional practice questionsandis also available at the mba.com
store.  The GMAT Score Preview feature is part of the GMAT exam test-day experience, with
students making anaccept-or-cancel score decision at the test center.

About GMAC: 
The Graduate Management Admission Council (www.gmac.com) is a nonprofit
education organization of leading graduate business schools and owner of the Graduate
Management Admission Test (GMAT exam), now celebrating its 60th year and used by more
than 6,000 graduate business and management programs worldwide. GMAC is based in
Reston, Virginia, and has regional offices in London, New Delhi and Hong Kong. The GMAT
exam -- the only standardized test designed expressly for graduate business and
management programs worldwide -- is continuously available at approximately 600 test
centers in 113 countries. More information about the GMAT exam is available at mba.com.

For more information about GMAC and additional resources for media, please visit
www.gmac.com/newscenter.


Graduate Management Admission Council®
PO Box 2969
Reston, VA 20195
United States
Office: +1-703-668-9600
Fax: +1-703-668-9601
Customer Service: +1-866-505-6559 (Toll-free in the US & Canada only)
Customer Service: +1-703-668-9605
Email: customercare@gmac.com
GMAC London Office*
PO Box 70184
London, WC1A 9HZ
United Kingdom
Office: +44 (0) 20 3008 7933
Fax: +44 (0) 20 3008 7929
Email: emea@gmac.com
*Graduate Management Global Connection™ (UK) Ltd.
For further information, please contact:

Ragini Sabharwal / Eisha Sharma

9891513633 / 9810306894

ragini@avian-media.com/eisha@avian-media.com
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Knight Frank India: Chennai Real Estate Outlook 2015

 Knight Frank India today launched the second edition of its flagship half yearly report - India Real Estate Outlook. It presents a comprehensive analysis of the residential and office market performance of Chennai for the period between July–December 2014.

Residential takeaways:-
·        Chennai residential market on the slow track;  Absorption drops 14%
·        Moulivakkam building crash makes further dents; City launches drop by 25% in 2014
·         RBI’s policy rate cut infuses hope among city homebuyers; are better days expected?

Office Takeaways:-
·        City office market on a healthy diet; posts a 7% rise in absorption in 2014
·        Chennai Realtors bet big as vacancy levels see a significant drop
·        Chennai maintains a steady run rate; will it continue the hold over absorption?
 
Kanchana Krishnan,
Director- Chennai,
Knight Frank India
Speaking about the findings, Ms. Kanchana Krishnan, Director- Chennai, Knight Frank India said Chennai residential market witnessed significant fall in sales and new launches during H2 2014. However, the rate cut by the RBI has sent positive sentiment to the   market and we expect uptick in sales volume during H1 2015.”


“Continued fall in vacancy levels in the office real estate bolstered by good absorption levels, competitive rentals and contraction of quality space in the city. Given the current scenario, rentals are expected to move up and absorption momentum is expected to continue” she added.

Knight Frank India - Head office
 Mumbai
Knight Frank India Pvt. Ltd.
Paville House, Near Twin Towers
Off Veer Savarkar Marg, Prabhadevi
Mumbai - 400 025 India
T: +91 22 67450101
F: +91 22 67450202

Bangalore
Knight Frank India Pvt Ltd 204 205, 
2nd Floor Embassy Square 148 Infantry Road 
Bangalore  -  560 001 India
T: +91 80 4073 260

Chennai
Knight Frank (India) Pvt. Ltd. No.3
Gitex Bldg. 3rd Floor,
Khader Nawaz Khan Road
Nungambakkam
Chennai - 600 006, India
T: +91 0 44 4296 9000

Delhi
Knight Frank (India) Pvt. Ltd
201-202 Tower A
Signature Towers South City 1 Gurgaon - 122 001 
India T: +91 1244075030

Hyderabad
Knight Frank (India) Pvt. Ltd.  
First Floor Italia Towers
Chiran Fort Club Lane
Rasoolpura, Begumpet - 500 003
India
T: +91 (0) 40 4455 4141
Kolkata
Knight Frank (India) Pvt. Ltd
Shaila Towers 7th Floor, Room No.702
J1/16, EP Block Sector-V, Salt Lake 
700 091 India

Mumbai
Knight Frank India Pvt. Ltd.
Paville House, Near Twin Towers
Off Veer Savarkar Marg, Prabhadevi
Mumbai - 400 025
India T: +91 22 67450101

Pune
Knight Frank (India) Pvt. Ltd 701, 
Pentagon Towers P4 Magarpatta City Hadapsar
 Pune   411013 India
T: +91 20 3018 8500

For futher information please contact:-
Ravi Shankar
MSL Group
Senior Account Executive
ravishankar.kandarpa@mslgroup.com 
Old No 121/2, New No 275, (Near Studio Cell), TTK Road, Alwarpet
Chennai, Tamil Nadu 600018
T: +91 44 4225 1717 Extn 205
M: +91 938 288 7608 


Sukanya Chakraborty
Head – Marketing Communications & PR
Knight Frank India
+91 9165716557
Arjun Choudhury
Manager – Media Relations
Knight Frank India
+91 9930542661
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