Birla Sun Life Mutual Fund floats Capital Protection Oriented Fund

Birla Sun Life Mutual Fund new issue closes on 25th March

Birla Sun Life Mutual Fund has launched Birla Sun Life Capital Protection Oriented Fund-Series 5, a close ended capital protection oriented scheme.

The scheme seeks to provide capital appreciation linked to equity market with downside protection at the end of tenure. The fund expects to achieve down side protection by investing in debt securities with tenure comparable with the tenure of the Plan, subject to the credit risk. The fund expects to achieve the market-linked appreciation (upside) by investing in premium of exchange traded options. The scheme will have duration of 832 days.

The new issue closes on 25th March. The minimum investment amount is Rs5,000.

CRISIL Balanced Fund Index is the benchmark index. Satyabrata Mohanty and Ajay Garg are the fund managers.

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SBI Mutual Fund launches 90 debt fund scheme

SBI Mutual Fund new issue closes on 14th March

SBI Mutual Fund has launched SBI Debt Fund Series 90 Days 41, a close-ended income scheme.

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme. The tenor of the scheme is 90 days.

The new issue closes on 14th March. The minimum investment amount is Rs5,000.

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IDFC Mutual Fund unveils one year fixed maturity plan

IDFC Mutual Fund new issue closes on 15th March

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Yearly Series 41, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. The tenure of the scheme is one year.

The new issue closes on 15th March. The minimum investment amount is Rs11,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Anupam Joshi is the fund manager

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