MUMBAI, Jan 4: Kotak Mahindra Asset Management Company today said it has launched Flex SIP/STP (F-SIP/STP), an investment scheme which allows investors to take advantage of market movements by investing higher when the markets are low.
The F-SIP/STP is based on the trailing Price-to-Equity ratio (P/E) of Nifty 50 Index. The amount to be transferred on each installment of Flex SIP will be determined on the basis of the P/E band of Nifty 50 Index.
“F-SIP/STP is an investment facility that enables investors to get more out of their SIP investments,” Kotak Mahindra Asset Management Company Managing Director Nilesh Shah said. PTI KD
Tata Trust launches ‘Kalapana’ to promote art forms in India
With a view to celebrate the diverse forms of arts and crafts in India, Tata Trust has launched ‘Kalapana’, a festival featuring lead performing artists and craftsmen to give them a platform to showcase their talents.
The two-day event will kick-off on the lawns of Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) in Kala Ghoda and will showcase three performing arts as well as 10 craft organisations from different parts of the country, a statement issued here stated.
“The intent through this event is to establish a platform for artisans to connect with craft patrons, share their stories and their inspiration for their signature designs. The trend towards sustainable, local products in an increasingly globalised world has opened significant possibilities for artisanal products crafted in India,” Reshma Anand, Head Strategy, Partnerships and Crafts said. (PTI)