Edelweiss Mutual Fund collects over Rs107 crore under Fixed Maturity Plan-91 days-Series 1

Edelweiss Fixed Maturity Plan-91 days-Series 1 will mature on 5 September 2011

Edelweiss Mutual Fund said it has collected over Rs107 crore during the new fund offer period of its maiden FMP viz., Edelweiss Fixed Maturity Plan-91 days-Series 1. The scheme will mature on 5 September 2011 and it is benchmarked against the CRISIL Liquid Fund Index, a company statement said.

The scheme, which closed on 6 June 2011, will under normal market conditions generate regular income through investments in debt and money market instruments maturing on or before the maturity date of the scheme. Income may also be generated through the amortisation of discount on debt instruments, or the purchase and sale of securities in the underlying portfolio, the release said.

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Sundaram Mutual Fund introduces Fixed Term Plan-BC

Sundaram Mutual Fund new issue closes on 10th June

Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-BC, a close-ended income scheme.

The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.

The new issue closes on 10th June. The minimum investment amount is Rs5,000.

CRISIL Short term Bond Fund Index is the benchmark index.

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Religare Mutual Fund unveils 13 months fixed maturity plan

Religare Mutual Fund new issue closes on 14th June

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VIII-Plan A to F-Plan B (13 Months), a close-ended income scheme.

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

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

CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.

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