IDFC Mutual Fund introduces one year plan

IDFC Mutual Fund new issue opens on 11th February and closes on 17th February

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Yearly Series 38, a close-ended income scheme.

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

The new issue opens on 11th February and closes on 17th February. The minimum investment amount is Rs10,000.

CRISIL Short Term Bond Fund Index is the benchmark index. The scheme will be managed by Anupam Joshi.

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Canara Robeco Mutual Fund unveils Capital Protection Oriented Fund–Series 1–36 Months

Canara Robeco new issue opens on 11th February and closes on 24th February

Canara Robeco Mutual Fund has launched Canara Capital Protection Oriented Fund- Series 1-36 Months (Plan A), a close-ended income scheme.

The investment objective of the scheme is to seek capital protection by investing in high quality fixed income securities maturing on or before the maturity of the scheme and seeking capital appreciation by investing in equity and equity related instruments.

The new issue opens on 11th February and closes on 24th February. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Fund Index is the benchmark index.  
 

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HDFC Mutual Fund floats Debt Fund for Cancer Cure

HDFC Mutual Fund proposes to commemorate its 10th anniversary by launching HDFC Debt Fund for Cancer Cure in association with the Indian Cancer Society (ICS).

HDFC Debt Fund for Cancer Cure is a three-year close-ended capital protection oriented income scheme. An investor will have an option of donating the dividends earned, on his investments, either partly or wholly, to ICS.

The new issue will be launched on 18th February and will close on 4th March. HDFC Mutual Fund, as a part of its contribution towards this social objective, would not levy any investment and advisory fee to manage the Fund and would also bear the distribution and marketing costs.

The donation of dividend to ICS is eligible for tax deduction under Section 80G of Indian Income-tax Act, 1961. 

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