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Optimix launches 'Multi Manager Equity Fund'

Mumbai, Mar 8 (UNI) Optimix today launched 'Optimix Multi Manager Equity Fund', which is an open-ended equity fund based on the MTM (Manage the Manager) process.

Talking to mediapersons Ashwin Arora, Director, Optimix, said ''Our investment process (MTM) adds value and manages risk through active management across each stage of the investment process which includes selection and allocation of assets and selection of the third party investment advisors.'' It uses tactical allocation across asset classes to capture opportunities in changing market conditions, he added.

The fund aims at providing long-term capital appreciation by investing predominantly in equity and equity related securities accessed on mandate based advice received from a panel of third party investment advisors selected in accordance with the Optimix Multi Manager Investment Process.

The New Fund Offer, which began on March seven closes on March 30. An investor can invest with minimum sum of Rs 5,000. The scheme offers two options to the investors which include dividend option and growth option.

The company CIO, Mugunthan Siva, said on the occasion that ''Third party investment advisors will advise the AMC (Asset Management Company) on securities selection and portfolio construction and Optimix in turn will pay consultancy fee to such advisors for the advisory services being rendered by them on a timely basis.

UNI

Cambridge Technology announces Q2, Q3 results

Hyderabad, Mar 8 (UNI) Cambridge Technology Enterprises, a software company, today announced the unaudited results of the company for the second and third quarters of the financial year 2006-07. The revenue from software services was Rs 17.51 crore for the nine months ended December 31, 2006, compared to 18.40 crore for 15 months period ended March 31, 2006, an increase of about 59 per cent, according to a release here. The Profit Before Tax (PBT) was 24 per cent up.....

ICSA India issues FCCBs worth $24 mn to Goldman Sachs

Hyderabad, Mar 8 (UNI) ICSA (India) Ltd, an embedded technology and electrical infrastructure solutions provider for the power, oil and gas sectors, today announced that it will issue Foreign Currency Convertible Bonds (FCCBs) worth USD 24 million to Goldman Sachs. The FCCBs would be converted at a 40 per cent premium to the market price within five years, a release here said. Board of Directors of ICSA also approved the granting of 3.5 lakh fully convertible warrants to Goldman Sachs. The.....

Call money remains firm to end at 5.40-5.50 per cent

Mumbai, Mar 9 (UNI) Interbank Call money ended five basis points lower at 5.40-5.50 percent today compared to its previous close of 5.45-5.65, after data showed that there was just a marginal rise in inflation. Intra-day, the call rates were trading between a low of 5.40 per cent and a high of 5.70 per cent. India's wholesale price index rose 6.10 percent in the 12 months to February 24, little changed from the previous week's annual increase of 6.05 per cent,.....
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