Benchmark Mutual Fund filed offer document with Sebi to launch Shariah BeES. The Benchmark Mutual Fund has filed the offer document with the Securities and Exchange Board of India (Sebi) for launching a dedicated scheme of Shariah Benchmark Exchange Traded Scheme (Shariah BeES). It's an open-ended exchange listed index scheme. The minimum application amount under the scheme is Rs. 10000 and in multiple of Re 1 thereafter. ach unit of the scheme being offered will have a face value of Rs.10 each and will be issued at a premium approximately equal to the difference between face value and 1/10th of the value of the S&P CNX Nifty Shariah Index.
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What do think about the Reliance Insure Mutual Fund? Its very very promising.. Life insurance at no cost at all and the life insurance company pays the SIP installments... WOW. I came across this blog and thought i'd share it with you.
http://mutual-fund-investor.blogspot.com/2008/07/reliance-sip-insure-reliance-mutual.html
I'm surely going in for this!!
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