DSP BlackRock Mutual Fund floats three months fixed maturity plan

DSP BlackRock Mutual Fund new issue closes on 21st March

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-3M-Series 32, 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 scheme 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 tenor of the scheme is three months.

The new issue closes on 21st March. The minimum investment amount is Rs10,000.

CRISIL Liquid Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

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DSP BlackRock Mutual Fund unveils 12 months fixed maturity plan

DSP BlackRock Mutual Fund new issue closes on 21st March

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 17, 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 scheme 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 tenor of the scheme is 12 months.

The new issue closes on 21st March. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

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IDFC tax-saving long-term infrastructure bonds issue extended till 21st March

The Tranche 3 Bonds are eligible for 80CCF tax benefits, which allow tax exemption on the initial investment up Rs20,000

Infrastructure Development Finance Company has extended the closing date of its long term infrastructure bonds to 21st March.

The Tranche 3 Bonds are being issued in two series, both with buyback options but with different interest payment options. The Tranche 3 Bonds can be subscribed in a lot of two Tranche 3 Bonds of Rs5,000 each and in multiples of one Tranche 3 Bond thereafter. The Tranche 3 Bonds have a maturity of 10 years from the deemed date of allotment. The Tranche 3 Bonds are eligible for 80CCF tax benefits, which allow tax exemption on the initial investment up Rs20,000.

The Tranche 3 Bonds can be bought physically or in demat form. The Bonds will be issued in two series-one with an annual return of 8.25% and the other with a similar return but in a cumulative option and compounded annually. The issue has a lock-in period of five years, post which subscribers can sell the bonds. No trading would be permitted in the Tranche 3 Bonds during the said lock-in period.

After five years, the Bonds will also be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

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