DSP BlackRock MF launches My Target Value Savings Account

A unique goal-based product feature from DSP BlackRock Mutual Fund

DSP BlackRock Investment Managers (AMC) has launched 'My Target Value Savings Account'.

'My Target Value Savings Account' works like a regular folio, with the additional feature being the availability of an automatic trigger facility. When an investor opens a 'My Target Value Savings Account' or converts an existing folio with DSP BlackRock Mutual Fund, s/he can specify a 'Target Value'. Upon the reaching of this target value, the Units of value equivalent to the specified target value will get switched into DSP BlackRock Money Manager Fund (Regular Plan-Growth) or any scheme specified by the investor. Investors will have the option to modify the 'Target Value', or choose from a variety of schemes from DSP BlackRock Mutual Fund at any time.

The product feature will become available starting 1st August for individuals, being resident individuals & non resident individuals, sole proprietors, minors through a guardian and HUFs.

Ajit Menon, EVP and head of sales, said "There is feedback from investors and financial advisors alike, for product providers to offer simple product features that help in planning for financial goals and also assist in monitoring them."

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JM Financial MF floats 367 days fixed maturity fund

JM Financial Mutual Fund new issue closes on 2nd August

JM Financial Mutual Fund has launched JM Fixed Maturity Fund-Series XX-Plan A (JM FMF-XX-A), a close-ended income scheme.

The investment objective of the scheme is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme. The tenure of the scheme is 367 days.

The new issue closes on 2nd August. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Index is the benchmark index. Shalini Tibrewala is the fund manager.

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Birla Sun Life MF unveils Short Term FMP-Series 19

Birla Sun Life Mutual Fund new issue closes on 27th July

Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 19, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The tenure of the scheme is 180 days.

The new issue closes on 27th July. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta is the fund manager.

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