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Reliance Mutual Fund launches Dual Advantage Fixed Tenure Fund-I-Plan I

Reliance Mutual Fund new issue closes on 23rd March

Reliance Mutual Fund has launched Reliance Dual Advantage Fixed Tenure Fund-I-Plan I, a close-ended income scheme.

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure.

The new issue closes on 23rd March. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Fund Index is the benchmark index. Shailesh Raj Bhan and Anju Chajjer are the fund managers.

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L&T Mutual Fund introduces 366 days fixed maturity plan

L&T Mutual Fund new issue closes on 21st March

L&T Mutual Fund has launched L&T FMP-III (March366D A), 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 debt/fixed income securities maturing on or before the maturity of the scheme.

The new issue closes on 21st March. Since the plan will be listed on the stock exchange, no exit load will be charged. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.

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