Latest News | Business Briefs PPFAS Mutual Fund Launches Arbitrage Fund
Get latest articles and stories on Latest News at LatestLY. PPFAS Mutual Fund on Monday announced the launch of Parag Parikh Arbitrage Fund, which will provide investors with a low-risk, tax-efficient way to generate returns from the arbitrage opportunity in the equity market.
New Delhi, Oct 16 (PTI) PPFAS Mutual Fund on Monday announced the launch of Parag Parikh Arbitrage Fund, which will provide investors with a low-risk, tax-efficient way to generate returns from the arbitrage opportunity in the equity market.
The new fund offer (NFO) will open on October 23 and close on October 27, PPFAS Mutual Fund said in a statement.
The scheme aims to provide investors with an opportunity to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, as well as by investing the balance in debt and money market instruments.
The scheme will reopen on November 3. The performance of the scheme will be benchmarked against the Nifty 50 Arbitrage Fund Total Return Index (TRI).
*** Sterlite Power appoints Ruhie Pande as CHRO * Sterlite Power on Monday announced the appointment of Ruhie Pande as Chief Human Resources Officer (CHRO) of the company.
In this role, Pande will work closely with Pratik Agarwal, Managing Director of the company. She will be responsible for leading HR, including strategy, talent, and culture priorities for the group. "Ruhie's commitment to excellence, her domain expertise, and people-first approach aligns well with our core values," Agarwal said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)