IDFC Mutual Fund unveils Fixed Maturity Plan-Quarterly Series 64

IDFC Mutual Fund new issue closes on 12th September

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Quarterly Series 64, a close-ended income scheme.

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

The new issue closes on 12th September. The minimum investment amount is Rs10,000.

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DSP BlackRock MF floats DSP BlackRock FMP-Series 10-12M

DSP BlackRock MF new issue closes on 13th September

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-Series 10-12M, a close-ended income scheme.

The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.

The new issue closes on 13th September. The minimum investment amount is Rs5,000.

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Exports maintain robust growth in August; up 44%

Merchandise exports have been growing at an impressive speed in the current fiscal, shrugging off uncertainty in the US the debt problems in several European nations, commerce secretary Rahul Khullar commented

New Delhi: India's exports maintained sterling performance in August, growing year-on-year by 44.2% to $24.3 billion despite problems in major economies of the West, reports PTI.

"Except iron ore, other sectors including engineering, chemicals and textiles have shown robust growth," commerce secretary Rahul Khullar said here today.

Imports, too, grew by a fast pace of 41.8% to $38.4 billion, leaving a trade deficit of $14.1 billion for August.

For the cumulative period of April-August this fiscal, the shipments increased by 54.2% to $134.5 billion, while imports expanded by 40.4% to $189.4 billion.

Merchandise exports have been growing at an impressive speed in the current fiscal, shrugging off uncertainty in the US the debt problems in several European nations.

During the same period trade gap stood at $54.9 billion, Mr Khullar said.

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