IDFC Mutual Fund unveils one year fixed maturity plan

IDFC Mutual Fund new issue closes on 15th November

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan Yearly Series 54, 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 tenure of the scheme is one year.

The new issue closes on 15th November. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Fund Index is the benchmark index. Anupam Joshi is the fund manager.

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HDFC Mutual Fund launches 370 days fixed maturity plan

HDFC Mutual Fund new issue closes on 8 November

HDFC Mutual Fund has launched HDFC FMP 370D November 2011 (1), a close-ended income scheme.

The investment objective of the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s). The tenure of the scheme is 370 days.

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

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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COMMENTS

RANVIRSINGH YADAV

5 years ago

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Govt to unveil National Telecom Policy in January 2012

Under the draft policy, the telecom ministry is also looking to facilitate nation-wide free roaming, frame an exit policy for operators to surrender licences, give a push to indigenous manufacturing and promote an eco-system for development of a self-dependent telecom industry

New Delhi: The much-awaited National Telecom Policy-2011 will be unveiled in January next year, reports PTI quoting telecom minister Kapil Sibal.

The policy was earlier expected to be unveiled by December this year but delays in receiving recommendations have pushed the date to next year.

“The (draft) policy I have already announced as I had committed. Industry wants some more time to respond, we will give them time. All what will happen is finalisation of the policy will happen in January instead of December,” Mr Sibal said here at an event.
He added that the Telecom Regulatory Authority of India’s (TRAI) recommendations on the National Telecom Policy have just come in and the Department of Telecom (DoT) is looking into the same.

“The TRAI recommendations have just come, we will consider them, call Telecom Commission (meet)... move to Cabinet,” Mr Sibal said.

Mr Sibal said the media is confusing between TRAI’s recommendations and the Telecom Policy.

“People must understand the difference between policy and TRAI’s recommendation. The TRAI recommendations deal with the nitty-gritty of mergers and acquisition and all the other specific issues which never go in to policy,” Mr Sibal said.

The draft of the National Telecom Policy, 2011, was announced by Mr Sibal in early October with a major thrust on transparency, an improved investment climate and promotion of consumer interest.

Under the draft plan, the telecom ministry is also looking to facilitate nation-wide free roaming, frame an exit policy for operators to surrender licences, give a push to indigenous manufacturing and promote an eco-system for development of a self-dependent telecom industry.

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