IIFL Asset Management today launched of a new mutual fund scheme for investment in equity and equity related securities.
The IIFL Capital Enhancer Fund - Series 1 aims to provide the benefits of equity upside with a hedge against the market downside.
The scheme is structured as an Annual Interval Scheme, with an objective to achieve long-term capital appreciation by investing in equity and equity related securities, with strategy of hedging the portfolio with Nifty 50 Put Option and other equity derivatives. *********** MSE lists 14 cos on its platform so far in 2018 *
As many as 14 companies including ICICI Securities and Lemon Tree Hotels have got listed on the Metropolitan Stock Exchange (MSE) so far this year.
Bharat Dynamics, Bandhan Bank, Hindustan Aeronautics and Apollo Micro Systems are among the other 14 firms listed on the exchange, which is restructuring its business to boost its equity volumes.
"As a proactive measure, MSE has started including new listings on its platform on the first day itself to initiate trading under 'permitted to trade category'," MSE managing director and CEO Udai Kumar said in a statement.
"We are receiving excellent response in our interaction with the new-age ventures," he added,.
Kumar also said MSE is equipped to offer comprehensive exchange offerings through its book building platform among others with continued focus on equity bulk, block deals. ********************* ART Affordable Housing Finance disburses Rs 105cr in March *
ART Affordable Housing Finance (India) today said it has crossed Rs 100 crore mark for home loan disbursal in one month in March.
In March last year, the company disbursed Rs 16 crore with around 200 disbursals while in March this year, it disbursed over Rs 105 crore with over 800 transactions, the company said in a statement issued here.
The company currently has a loan book size of more than Rs 450 crore and an equity base of Rs 375 crore.
"Bulk of the disbursements have happened in the low income housing segment and small self-employed customer profiles by leveraging technology and innovative credit methodology to meet the customers' requirements quickly and in a hassle-free manner," its managing director and CEO Arvind Hali said. **************************** Siemens installs 3D printed parts in JSW Steel's steam turbine *
Siemens today said its addictive manufacturing (AM) technology led 3D printed parts are installed as replacement parts on the SST-300 industrial steam turbine operating at the JSW Steel's plant in Tamil Nadu.
The 3D-printed parts are two oil sealing rings used in keeping oil separated from steam inside the steam turbine using pressurised air, the company said in a statement issued here.
"Siemens is a leader in additive manufacturing and this project is a path-breaking success for the use of 3D printed parts in the field of power generation, one of the most demanding areas of application for this technology," Siemens India Country Division Lead - Power Generation Services Division Prashant Jain said.
He further said the AM technology significantly reduces the lead time to produce spare parts and will help meet high-end customised requirements of the Industry more quickly.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)