ICICI Prudential Mutual Fund new issue closes on 11th April
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 54-1 Year Plan C, a close-ended income scheme.
The investment objective of the plan 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 tenor of the plan is one year.
The new issue closes on 11th April. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.
HDFC Mutual Fund new issue closes on 7th April
HDFC Mutual Fund has HDFC FMP 182D April 2011 (1), a close-ended income scheme.
The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s). The tenor of the plan is 182 days.
The new issue closes on 7th April. The minimum investment amount is Rs5,000.
Crisil Liquid Fund Index is the benchmark index for the scheme. Bharat Pareek and Miten Lathia (for overseas investments) are the fund managers.
Franklin Templeton Family Solutions is a pre-packaged investment solution positioned at investors seeking convenient ways to plan for their financial goals
Franklin Templeton Investments (India) has launch of Franklin Templeton Family Solutions. This is a pre-packaged investment solution positioned at investors seeking convenient ways to plan for their financial goals and would appeal to investors who want to take advantage of the time-tested model of asset allocation while planning their financial strategy. It helps Indian investors plan and invest for their life goals such as retirement and children along with long term wealth creation.
Harshendu Bindal, President, Franklin Templeton India said, "This investment solutions package simplifies the investment process for investors who currently have to invest in a range of mutual funds to achieve their life goals. It gives them a ready-made asset allocation that is customised to suit their profile and needs. Moreover, it makes the investment process much easier for investors, on account of its various features such as profiling questionnaire, a single form to capture all long term investment goals. Also it has unique features such as a customised account statement giving the details of the goals, investment details and easy monitoring through a financial advisor."
The Family Solutions Planner will be available on the company website www.franklintempletonindia.com and through most financial advisors. It is a software tool that helps one use various details such as goals, expected inflation, rate of return and formulate a plan to achieve the goal. Three funds are recommended in each portfolio based on the portfolio style (ultra conservative, conservative, moderate, aggressive, highly aggressive) and is investor specific.