Birla Sun Life MF launches 91 days scheme

Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 6, a close-ended income scheme.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The scheme will have duration of 91 days from the date of allotment.

The new issue opens on 25th January and closes on 27th January. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta would be fund manager of the scheme.
 

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Taurus MF introduces Dynamic Income Fund

Taurus Mutual Fund has launched Taurus Dynamic Income Fund, an open-ended income scheme.

The investment objective of the scheme is to generate optimal returns with high liquidity through active management of the portfolio by investing in debt and money market instruments.

The new issue opens on 25th January and closes on 8th February. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Rahul Pal is the fund manager.

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IDFC Mutual Fund unveils Fixed Maturity Plan-Yearly Series 36

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Yearly Series 36, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing before the maturity of the scheme.

The new issue opens on 25th January and closes on 27th January. The minimum investment amount is Rs10,000.

CRISIL Composite Bond Fund Index is the benchmark index. The fund manager of the scheme is Anupam Joshi.

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