ICICI Prudential Mutual Fund launches six months plan

ICICI Prudential Mutual Fund new issue closes on 8th March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan- Series 55-6 Months Plan B, 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 tenor of the plan is six months.

The new issue opens on 25th February and closes on 8th March. The minimum investment amount is Rs5,000.

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HDFC Mutual Fund unveils 370 days plan

HDFC Mutual Fund new issue closes on 28th February

HDFC Mutual Fund has launched HDFC FMP 370D February 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 new issue closes on 28th February. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index.

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Fidelity Mutual Fund floats 93 days plan

Fidelity Mutual Fund new issue closes on 28th February

Fidelity Mutual Fund has launched Fidelity Fixed Maturity Plan-Series V-Plan B, a close-ended income scheme.

The investment objective of the scheme is to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a plan. The tenor of the plan is 93 days from the date of allotment.

The new issue opens on 25th February and closes on 28th February. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. The scheme will be managed by Shriram Ramanathan and Mahesh Chhabria.

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