Railways to upgrade security infrastructure

: NEW DELHI, Feb 19: Amid heightened threat perceptions, Railways have decided large-scale commando training for their RPF personnel apart from standardising and upgrading zonal RPF training centres and installing ‘integrated security system’ in the four metro cities. In two years, five zonal training centres of RPF will be upgraded and equipped with modern devices to train the personnel to thwart terror attacks, Minister of State for Railways R Velu said in the Lok Sabha today.He said proposals have also come for creation of three more battalions of the Railway Protection Force (RPF). In a written reply, he said slots have been sought in reputed training institutes of other paramilitary forces for the commando training of the RPF personnel. Railways have also released Rs 14 crore for procurement of vehicles for RPF for improved mobility of the force, he added. The five zonal RPF training institutes identified for upgrade are in Kharagpur, Kimber Garden in Southern Railway, Bandikui in North Western Railway, Rajahi Camp in Gorakhour and Mokama in East Central Railway. (PTI)

Principal Pnb changes asset allocation of Ultra Short Term Fund

Principal Pnb Mutual Fund has announced changes in asset allocation pattern of Principal Ultra Short Term Fund (PUSTF) with effect from March 24, 2009. The scheme accordingly will invest its entire corpus in debt instruments as well as money market instruments with low to medium risk profile.

The scheme would invest in such instruments, which have an average maturity of upto one year. The amount of investment in securitised debt may be upto 50% of the net assets of the scheme. It may also invest upto 50% of net assets of the scheme in such derivative instruments. However, the fund's existing asset allocation pattern is as follows:- The scheme invests 50%-100% of net assets in the fixed rate debt instrument as well as money market instruments while 50-100% in floating rate debt instruments and money market instruments.

Principal Pnb changes asset allocation of Ultra Short Term Fund

Principal Pnb Mutual Fund has announced changes in asset allocation pattern of Principal Ultra Short Term Fund (PUSTF) with effect from March 24, 2009. The scheme accordingly will invest its entire corpus in debt instruments as well as money market instruments with low to medium risk profile.

The scheme would invest in such instruments, which have an average maturity of upto one year. The amount of investment in securitised debt may be upto 50% of the net assets of the scheme. It may also invest upto 50% of net assets of the scheme in such derivative instruments. However, the fund's existing asset allocation pattern is as follows:- The scheme invests 50%-100% of net assets in the fixed rate debt instrument as well as money market instruments while 50-100% in floating rate debt instruments and money market instruments.

Fortis MF launches FTP-Series 14 C

Fortis Mutual Fund has launched initial offer period of Fortis Fixed Term Plan - Series 14 C on February 19, 2009. The new issue will be closed for the subscription on March 16, 2009. The NFO price for the fund is Rs 10 per unit. The scheme offers two plans- regular as well as institutional plan and along with this will have two sub-options of growth and dividend options. The dividend option offers dividend payout and dividend reinvestment facilities.
Under the regular plan, the minimum amount of investment is Rs. 5,000 and in multiples of Rs 10 thereafter. While under the institutional plan, the minimum amount of investment is Rs. 25 lakh and in multiples of Rs 10 thereafter.

Fortis Mutual Fund is a close-ended income scheme with an objective to achieve growth of capital through investments made in a portfolio of fixed income securities maturing on or before the maturity of the scheme.