ICICI Pru MF unveils 456 days plan

ICICI Prudential MF new issue closes on 14th February

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan- Series 55-15 Months Plan A, a close-ended income scheme.

The investment objective of the Plan is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme. The tenure of the plan is 456 days.

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

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Kotak Mahindra MF floats 370 days plan

Kotak Mahindra MF new issue closes on 8th February

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 34 (370 Days), a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. The exit load is nil. The tenure of the scheme will be 370 days after the date of allotment of units.

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

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Karvy Private Wealth takes over iTrust Financial Advisors

Karvy Group, through its wealth management arm, Karvy Private Wealth, took over the wealth management business of iTrust Financial Advisors

Karvy Group, through its wealth management arm, Karvy Private Wealth, took over the wealth management business of iTrust Financial Advisors, an independent financial advisory firm, with operations in Delhi/NCR, Bangalore and Hyderabad.

The takeover catapults Karvy's position to make it one of the largest players in the non banking wealth management space. Further, it will help speeden up expansion in key cities and gives access to a robust and industry leading online platform.

Hrishikesh Parandekar, CEO, Karvy Private Wealth said, "With the iTrust takeover, we are strengthening ourselves to provide expanded reach, superior technology, increased number of services and reach out better to the emerging affluent and HNI investors in India."

Karvy Private Wealth provides customers services which includes comprehensive financial planning, wealth review & investment strategy, retirement planning, goal-driven investing, risk management & insurance planning, property purchase & financing, ESOP advisory, equity and F&O trading, portfolio management services, structured products among others.

iTrust was founded in 2006 by Dhruv Agarwala and Kartik Varma. Since inception, iTrust has developed a unique worksite model.

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