ICICI Pru MF launches 18 months fixed maturity plan

ICICI Prudential Mutual Fund new fund offer closes 3rd November

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan–Series 60–18 Months Plan B, a close-ended income scheme.

The investment objective of the plan under the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the plan/scheme. The tenure of the scheme is 18 months.

The new fund offer closes 3 November 2011. The minimum investment amount is Rs5,000.

Crisil Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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Reliance MF launches Reliance Fixed Horizon Fund XX-Series 33

Reliance Mutual Fund new fund offer closes 8th November

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund XX-Series 33, a close-ended income scheme.

The investment objective of the scheme to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme. The tenure of the scheme is 732 days.

The new fund offer closes on 8 November 2011. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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MF Holdings faces US probe

Millions in customer funds may be missing, say regulators.

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