SUNDARAM BNP Paribas Mutual Fund has announced the launch of Sundaram BNP Paribas PSU Opportunities fund. The investment objective of this thematic fund is to seek capital appreciation by investing primarily in the equity and equity-related instruments of PSU companies across the cap curve and sectors. This is an openended equity scheme, with CNX PSE Index as its benchmark. The issue of units is at Rs 10 each during the New Fund Offer period (between November 25, 2009, and December 23, 2009).
If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...
