Peerless Mutual Fund has launched an openended debt scheme called Peerless Income Plus Fund. The scheme's investment objective is to generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity-related instruments, the company said. The new fund offer (NFO) will open for subscription from June 9, 2010, and will close on July 8, 2010. The issue price for the scheme is Rs 10 each for cash during the NFO and applicable NAV thereafter on an ongoing basis. No entry and exit load will be charged for Peerless Income Plus Fund, However, an exit load of 1% will be applicable, if redeemed before one year. The minimum investment amount for retail investors is Rs 1,000 during NFO. The scheme shall reopen for all transactions not later than 30 days from the closure of NFO at NAV-based prices on all business days. The scheme comes with two investment options — growth and dividend (pay out and re-investment). The minimum investment amount under SIP option is Rs 500 per month, 1,000 per quarter and Rs 2,000 on a half-yearly basis. Peerless Group has a captive base of 8 million customers predominantly in tier II and tier III towns. The company has tried to capture the essence of their investment behaviour and saving habits, the company added.
Buy Group Health Insurance Online For Human Resources, the biggest challenge today is to decide whether medical benefits should be offered to employees or not, what type of plans should be offered, what will be the cost and how will the cost be split between employees and employer. Well, most of these are subjective and would depend on a lot of factors including company size, average employee salary, etc. However, this article will give you a fair idea on how you should go about deciding these factors: 1. Why offer group health insurance benefit to employees : Studies have proved that retention rates among employers offering GHI are much higher than the ones who are not offering. Moreover, the cost of providing this benefit as a percentage of salary is very low as compared to the perceived value. As an example, say if average salary of an employee in your organization is 4 LPA. If you decide to offer a health insurance benefit to him for a Sum insured of ...
