IDFC Mutual Fund introduces 16 months plan

IDFC Mutual Fund new issue closes on 14th February

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Sixteen Months Series 3, a close-ended income scheme. The duration of the scheme is 16 months.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme.

The new issue opens on 4th February and closes on 14th February. The minimum investment amount is Rs10,000.

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ICICI Pru MF unveils 456 days plan

ICICI Prudential MF new issue closes on 14th February

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan- Series 55-15 Months Plan A, 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 tenure of the plan is 456 days.

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

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Kotak Mahindra MF floats 370 days plan

Kotak Mahindra MF new issue closes on 8th February

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 34 (370 Days), a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. The exit load is nil. The tenure of the scheme will be 370 days after the date of allotment of units.

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

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