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Personal finance Monday

ICICI Prudential MF unveils ICICI Prudential Fixed Maturity Plan-Series 54-18 Months Plan A; IDFC Mutual Fund floats IDFC Fixed Maturity Plan Bi-Monthly Series-1; SBI Mutual Fund launches SBI Debt Fund Series-180 Days 12; Morgan Stanley MF announces dividend for two funds; BSNL introduces STV-175 in Himachal Pradesh; Idea Cellular launches Diwali offer in Gujarat

ICICI Prudential MF unveils ICICI Prudential Fixed Maturity Plan-Series 54-18 Months Plan A

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 54-18 Months Plan A, a close-ended income scheme.
The investment objective of the plan is to generate regular returns by investing in fixed income securities/debt instruments which mature on or before the date of maturity of the plan/scheme.
The tenor of the plan is 550 days. The plan will invest 100% amount in government securities and money-market instruments having low to medium profile. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 1st November and closes on 15th November. The minimum investment amount is Rs5,000. Since the plan will be listed on the stock exchange, load will not be applicable. Brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors.
CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

IDFC Mutual Fund floats IDFC Fixed Maturity Plan Bi-Monthly Series-1

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan Bi-Monthly Series-1, a close-ended income scheme.
The investment objective is to generate income by investing in debt and money-market instruments maturing on or before the maturity of the scheme. The scheme will invest 100% of the amount in debt and money-market instruments having low to medium risk.
The duration of the scheme is two months. The scheme offers growth and dividend option. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 1st November and closes on 2nd November. The minimum investment amount is Rs10,000. The minimum target amount is Rs1 crore. The exit load for the scheme is nil.
CRISIL Composite Bond Fund Index is the benchmark index. The scheme will be managed by Anupam Joshi.

SBI Mutual Fund launches SBI Debt Fund Series-180 Days 12

SBI Mutual Fund has launched SBI Debt Fund Series-180 Days 12, a close-ended income scheme.
The investment objective is to provide regular income, liquidity and returns to the investors through investments in debt instruments such as government securities, PSU and corporate bonds and money-market instruments maturing on or before the maturity of the scheme.
The scheme will invest 100% of the amount in government securities and money-market instruments having low to medium risk. The scheme offers growth and dividend (payout) option. Since the scheme will be listed on stock exchange, there will not be any exit load.
During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 1st November and closes on 2nd November. The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore. CRISIL Liquid Fund Index is the benchmark index. The scheme will be managed by Rajeev Radhakrishnan.

Morgan Stanley MF announces dividend for two funds

Morgan Stanley Mutual Fund (MSMF) today announced a maiden dividend of Re1 per unit on the face value of Rs10 in Morgan Stanley A.C.E. (Across Capitalisations Equity) Fund. MSMF also announced a dividend of Rs1.50 per unit on the face value of Rs10 in Morgan Stanley Growth Fund (MSGF). The record date for both funds is 4 November 2010.
Morgan Stanley A.C.E. Fund was launched in April 2008. Morgan Stanley A.C.E. Fund is a multi-cap fund that invests across market caps. Morgan Stanley Growth Fund was launched in 1994 as a close-ended fund.

BSNL introduces STV-175 in Himachal Pradesh

Bharat Sanchar Nigam Ltd (BSNL) has introduced a special tariff voucher (STV) 175 with unlimited free local calling facility in Himachal Pradesh.
The new STV-175 comes at Rs175 with the talk time of Rs100 and validity of 30 days. With this pack, all local calls to BSNL network (mobile/landline) in Himachal Pradesh will be free. While other network local and STD calls will be charged at 1.2paisa/second. The subscriber also gets free 50 local and 50 national SMS valid for 30 days.

Idea Cellular launches Diwali offer in Gujarat

Mobile operator Idea Cellular has launched festival benefits pack for new customers offering special tariff and additional benefits of SMS and GPRS usage in Gujarat.
The Idea subscribers can enjoy the festival benefits pack which has in-built tariff advantage of all local Idea to Idea calls at 1 paisa per two seconds. The pack also offers 73,000 free SMS for a year and 200 MB of GPRS usage absolutely free for seven days.
Additionally, Idea subscribers can also opt for a wide range of special recharges such as discounted night calling free for a year; 12,900 free SMS; 1,290 MB of free data usage; and STD calls for Re1 per three minutes during the festive season.

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