ICICI Pru MF unveils Multiple Yield Fund-Plan B

ICICI Pru Mutual Fund new issue closes on 29th June

ICICI Prudential Mutual Fund has launched ICICI Prudential Multiple Yield Fund-Plan B, a close-ended income scheme.

The primary objective of the plan is to generate returns by investing in a portfolio of fixed income securities/debt instruments. The secondary objective of the plan is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments. The tenor of the plan is 1,100 days.

The new issue closes on 29th June. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Index is the benchmark index. Chaitanya Pande is the fund manager.

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Deutsche Mutual Fund floats Fixed Term Fund-Series 85

Deutsche Mutual Fund new issue closes on 22nd June

Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 85 (DFTF-85), a close-ended income scheme.

The objective of the fund is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The tenor of the The new issue closes on 22nd June. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Kumaresh Ramkrishnan is the fund manager.

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Birla Sun Life MF unveils 180 days fixed maturity plan

Birla Sun Life Mutual Fund new issue opens on 16th June and closes on the same day

Birla Sun Life Mutual Fund has launched Short Term FMP-Series 17, 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 scheme will have duration of 180 days.

The new issue opens on 16th June and closes on the same day. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Kaustubh Gupta would be the fund manager.

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