IDBI Mutual Fund launches Monthly Income Plan

IDBI Mutual Fund’s new issue closes on 28th February

IDBI Mutual Fund has launched IDBI Monthly Income Plan, an open-ended income scheme.

The investment objective of the scheme would be to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of debt, equity and money market instruments.

The new issue opens on 14th February and closes on 28th February. The minimum investment amount is Rs5,000.

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ICICI Prudential Mutual Fund floats Fixed Maturity Plan–Series 55–1 Year Plan C

ICICI Prudential Mutual Fund’s new issue closes on 22nd February

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-1 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 maturing on or before the maturity of the plan under the scheme.

The new issue opens on 14th February and closes on 22nd February. The minimum investment amount is Rs5,000.

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Canara Robeco Mutual Fund launches Gilt Advantage Fund

Canara Robeco Mutual Fund’s new issue closes on 21st February

Canara Robeco Mutual Fund has launched 'Canara Robeco Gilt Advantage Fund', a close-ended gilt scheme.

The investment objective of the scheme is to generate returns commensurate with low credit risk by predominantly investing in the portfolio comprising of short- to medium-term government securities guaranteed by Central and State governments with a weighted average portfolio duration not exceeding three years.

The new issue opens on 14th February and closes on 21st February. The minimum investment amount is Rs5,000.

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