Don’t miss the latest developments in business and finance.

LIC Nomura MF launches midcap fund

Image
Press Trust of India New Delhi
Last Updated : Feb 03 2015 | 4:57 PM IST
LIC Nomura Mutual Fund today launched the New Fund Offer (NFO) of LIC Nomura midcap fund, an open ended equity scheme.

The NFO, which opened for subscription today, will ' on February 16, 2015, LIC Nomura MF said in a statement.

The minimum subscription amount is Rs 5000.

Also Read

The investment objective of the scheme is to generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies.

* * * * * *

Bank of Maharashtra launches 'MahaMobile' phone banking app

Mumbai: State-run Bank of Maharashtra today launched an application which will allow customers to access its banking facilities through smart phones.

The new application named 'MahaMobile' would enable bank customers to view their deposits and loan accounts, do fund transfers, bill payments and also register various complaints from their mobile phones, anytime and anywhere.

Any customer with a debit card and a registered mobile number can register for this facility even without visiting the branch, bank chairman and managing director, S Muhnot, told reporters here.

The application is available for download on all the major application stores.

* * * * * * * *

Rajesh Tripathi assumes charge as CMD of DCI * Rajesh Tripathi assumed charge as chairman and managing director of Dredging Corporation of India Limited today.

Prior to that, he was working with Ministry of Railways, a DCI statement said.

A 1982 batch Indian Engineering Service Officer, he joined Railways in 1984.

More From This Section

First Published: Feb 02 2015 | 7:30 PM IST

Next Story