ICICI Prudential MF floats 36 months plan

ICICI Prudential Mutual Fund new issue closes on 15th July

ICICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund-Series III-36 Months Plan, a close-ended income scheme.

The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The tenure of the scheme is 36 months.

The new issue closes on 15th July. 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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DSP BlackRock MF unveils 3 months fixed maturity plan

DSP BlackRock Mutual Fund new issue closes on 6th July

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-Series 3-3M, a close-ended income scheme.

The investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The tenure of the scheme is three months.

The new issue closes on 6th July. The minimum investment amount is Rs5,000.
CRISIL Liquid Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

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Lakshmi Vilas Bank introduces Visa Debit Gold Card

The card has a transaction limit of Rs50,000 on the ATM and Rs1 lakh on the point of sales terminal

Lakshmi Vilas Bank has introduced Visa Debit Gold Card for its customers. The card has a transaction limit of Rs50,000 on the ATM and Rs1 lakh on the point of sales terminal.

Each card holder will get a free personal accident insurance policy worth Rs2 lakh. The customers can also enjoy the benefits of loyalty points which can be exchanged for gifts. The product is expected to help the Bank in its CASA mobilisation efforts.

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