Posts

Showing posts with the label Fund

BHARAT BOND EXCHAGE TRADED FUND

Image
BHARAT BOND EXCHAGE TRADED FUND Bharat Bond Exchange Traded Fund is an Initiative by the Government of India to cater to the borrowing requirements of the Public Sector by pooling investments from Retail, HNI and institutional investors. The ETF currently only invests in AAA rated bonds of PSUs and is managed by Edelweiss Asset Management Company. Bharat Bond ETF is a low-cost basket of CPSE (Central Public Sector Enterprises) bonds that seeks to replicate an index and trades on the stock exchange. The ETF would replicate the underlying index which will comprise bonds issued by CPSEs, CPSUs/CPFIs and other Government organisations. The fund’s logo has a pair of protecting palms in the form of a coffer with the name written using Samarkan and sans serif font in blue colour. The name of the asset manager is written below. Strokes of tricolour supports the name.

INVESTOR EDUCATION AND PROTECTION FUND

Image
INVESTOR EDUCATION AND PROTECTION FUND Investor Education and Protection Fund (IEPF) is for promotion of investors’ awareness and protection of the interests of investors. IEPF is a platform to promote awareness and it does not offer any investment advice or evaluation. IEPF was established under Section 205C (Establishment of Investor Education and Protection Fund) Act. Investor Education and Protection Fund (awareness and protection of investors) Rules, 2001 stipulate the activities related to investors’ education, awareness and protection for which the financial sanction can be provided under IEPF. They include education programme through media; organizing seminars and symposia; proposals for registration of voluntary associations or institution or other organizations engaged in investor education and protection activities; proposals for projects for investors’ education and protection including research activities and proposals for financing such projects  and  coordinating with i

PRICE STABILISATION FUND

Image
PRICE STABILIZATION FUND  The Price Stabilization Fund Scheme (PSF) was launched by Government of India along with NABARD in April 2003 against the backdrop of decline in international and domestic prices of tea, coffee, rubber and tobacco causing distress to primary growers.   The Trust was re-registered for a further period of ten years beyond September 11, 2013 to September 11, 2023. The growers of these commodities were particularly affected due to substantial reduction in unit value realization for these crops, at times falling below their cost of production. The objective of the Scheme is to safeguard the interests of the growers of these commodities and provide financial relief when prices fall below a specified level without resorting to the practice of procurement operations by the Government agencies. The Scheme is being operationalized through the Price Stabilization Fund Trust. A Personal Accident Insurance Scheme - is also under implementation by PSFT through National Ins

COAL MINERS PROVIDENT FUND ORGANISATION

Image
COAL MINERS PROVIDENT FUND ORGANISATION The Coal Miners Provident Fund Organisation (CMPFO) is an autonomous body set up under the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948. The organisation administers the Coal Mines Provident Fund Scheme, 1948, Coal Mines Family Pension Scheme, 1971 since superseded by a new scheme namely Coal Mines Pension Scheme, 1998 which was brought into force from March 31, 1998 and the Coal Mines Deposit Linked Insurance Scheme, 1976 which are all framed under the aforesaid Act. The fund of the organisation is administered by a tripartite body, called the Board of Trustees, consisting of representatives of the Central Government, State Governments, the employers and the employees. The Board of Trustees functions under the overall administrative control of the Department of Coal. One of the most important landmarks in the history of CMPF Organisation is the introduction of Coal Mines Pension Scheme, 1998 which has come into force f