ICICI Pru MF launches Fixed Maturity Plan–Series 55–14 Months Plan A

ICICI Prudential Mutual Fund’s new issue closes on 17th February

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-14 Months Plan A, a close-ended income scheme.

The investment objective of the plan is to generate regular returns by investing in fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme.

The minimum investment amount is Rs5,000. The new issue opens on 7th February and closes on 17th February.

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Birla Sun Life MF unveils Fixed Term Plan–Series CO

Birla Sun Life Mutual Fund’s new issue closes on 8th February

Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series CO, a close-ended income scheme.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

The minimum investment amount is Rs5,000. The new issue opens on 7th February and closes on 8th February.

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Gujarat NRE Coke Q3 net down 27% to Rs21 crore

The company's operating profit margin fell by nearly half to 12% in the reporting quarter from 22.02% in the year-ago period

Mumbai: Coking coal producer Gujarat NRE Coke today reported a 27.11% dip in net profit to Rs21.05 crore for the quarter ended 31 December 2010 compared to Rs28.88 crore for the October-December quarter of the previous fiscal, reports PTI.

However, the company's total income jumped 40% to Rs438.84 crore in the third quarter from Rs 312.47 crore in the year-ago period, Gujarat NRE Coke said in a filing to the Bombay Stock Exchange.

The company's operating profit margin fell by nearly half to 12% in the reporting quarter from 22.02% in the year-ago period.

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