DSP BlackRock Mutual Fund new issue closes on 3rd March
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-13M-Series 4, a close-ended income scheme.
The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing.
The new issue opens on 23rd February and closes on 3rd March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager.
BNP Paribas Mutual Fund new issue closes on 9th March
BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 21 D, a close-ended income scheme.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.
The new issue opens on 23rd February and closes on 9th March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Alok Singh is the fund manager.
The deal enables ICICI Securities to receive international care and DMA flow from the 2,400 buy-sides and 550 sell-side firms connected to the Fidessa network
Fidessa group plc, provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has said that ICICI Securities Ltd, an integrated securities firm based in India, has joined its global connectivity network. The deal enables ICICI Securities to receive international care and DMA flow from the 2,400 buy-sides and 550 sell-side firms already connected to the network, and enhances the ability of Fidessa's worldwide community to access India's rapidly evolving markets.
A Murugappan, executive director, ICICI Securities says, "Over the past few years, the Indian capital markets have witnessed a real transformation; the growth of electronic trading continues unabated and volumes on the BSE and NSE have grown significantly. By joining Fidessa's global trading community, we will be able to offer all members our specialist knowledge on the Indian capital markets along with access to critical exchanges. "
Enis Toumi from connectivity sales at Fidessa in Asia, says: "Recently, exchanges and regulators have introduced radical change with the introduction of DMA, algorithmic trading, co-location and SOR, which have all helped open up the space to new players. We are delighted, through the Fidessa network, to contribute to the growth in Indian market access and expand the reach from overseas. On-boarding a company of ICICI's scale and reputation expands the depth and quality of our local coverage and will please international firms requiring fast, reliable remote access."
ICICI Securities joins more than 20 Indian sell-side firms on Fidessa's network, which covers 150 markets across EMEA, Asia Pacific and the Americas.