HDFC Mutual Fund unveils 92 days fixed maturity plan

HDFC Mutual Fund new issue closes on 6th June

HDFC Mutual Fund has launched HDFC FMP 92D June 2011 (1), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

The new issue closes on 6th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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HDFC Mutual Fund floats 370 days fixed maturity plan

HDFC Mutual Fund new issue closes on 7th June

HDFC Mutual Fund has launched HDFC FMP 370D June 2011 (1), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s). The tenor of the scheme is 370 days.

The new issue closes on 7th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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2G scam: Court rejects plea against Ambani, Tata, Radia, Dayalu

Dismisses private complaints seeking to name the individuals as accused; says applications are devoid of substance and contrary to law

New Delhi: A Delhi court today dismissed petitions for a direction to the Central Bureau of Investigation (CBI) to also list Reliance ADAG chairman Anil Ambani, Tata group chief Ratan Tata, corporate lobbyist Niira Radia and DMK chief M Karunanidhi's wife Dayalu Ammal, as accused in the 2G licences and spectrum allocation scandal.

Special CBI Judge OP Saini also imposed a cost of Rs10,000 each on Delhi-based journalist M Furquan and Ghaziabad scrap dealer Dharmender Pandey for filing these complaints.

"The applications are not only devoid of any substance, but are also contrary to law and deserve to be dismissed with heavy cost as application after application of this nature are being filed by third parties, resulting in loss of precious time of the court. However, I am inclined to take a little lenient view as far as cost is concerned. Accordingly, both applications are dismissed, subject to nominal cost of Rs10,000 each," the judge said.

The court also directed both the complainants to deposit the cost within three days from today, failing which warrants shall be issued against them, PTI reports.
The complainants had earlier told the court that the CBI was "deliberately" suppressing facts against Mr Ambani and "overlooking" the role of Mr Tata and Ms Radia in the case.

Mr Furquan and Mr Pandey also alleged in their separate complaints that the CBI was not looking into the matter and trying to protect these individuals.
The court had on 25th May also slapped a fine of Rs10,000 on a journalist seeking a direction to the CBI to list telecom companies Datacom, S-tel, Aircel and Maxis as accused in the case.

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