IDBI Mutual Fund floats 367 days plan

IDBI Mutual Fund’s new issue opens on 10th February and closes on 17th February

IDBI Mutual Fund has launched IDBI Fixed Maturity Plan-367 Days Series I (February 2011)-A, a close-ended income scheme.

Each plan under the scheme will endeavour to generate regular income through investments in debt and money market instruments which will mature on or before the maturity date of the respective plan.

The new issue opens on 10th February and closes on 17th February. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Gautam Kaul is the fund manager.
 

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Reliance Mutual Fund launches Gold Savings Fund

Reliance Mutual Fund’s new issue opens on 14th February and closes on 28th February

Reliance Mutual Fund has launched a new Gold Savings Fund, an investment scheme focused on gold, to tap a market that it expects to become bigger than even equity mutual funds.

The new fund, which is different from gold ETFs (exchange traded funds) that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs100 per month. Reliance Gold Savings Fund will enable investments in gold without any locker or demat account. The new issue opens on 14th February and closes on 28th February.

The scheme's performance will be benchmarked against the price of physical gold.

The new fund will enable investors to avail long-term taxation benefits from the first year itself, unlike physical gold, wherein long-term taxation can only be availed after three years. The investors will not be charged any entry load on the fund, though there would be a 2% exit load if redeemed before completion of the first year.

Read the analysis of the fund here:

Reliance Gold Savings Fund has a strange target group
 

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COMMENTS

Vikas

6 years ago

It's a very expensive product - read true review here

http://www.tflindia.in/2011/02/reliance-...

Anju Abdul Rahiman

6 years ago

I would like to know more details about this scheme

Roy

6 years ago

I am interest in this sceam.I want to know moor detail about this sceam.

SUNIL

6 years ago

pls give me in detial information

Losing touch?

Anil Ambani may have failed to assess the possible impact of settling a case with SEBI, but the...

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