JM Financial MF new issue closes on 22nd September
JM Financial Mutual Fund has launched JM Fixed Maturity Fund-Series XX-Plan C (JM FMF-XX-C), a close-ended income scheme.
The investment objective of the scheme is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme.
The new issue closes on 22nd September. The minimum investment amount is Rs5,000.
DSP BlackRock MF new issue closes on 19th September
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-Series 11-3M, a close-ended income scheme.
The investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.
The new issue closes on 19th September. The minimum investment amount is Rs5,000.
ICICI Pru Elite Life and ICICI Pru Elite Wealth that offer customers the flexibility of choosing the frequency of their premium payments
ICICI Prudential has launched two life insurance products, ICICI Pru Elite Life and ICICI Pru Elite Wealth that offer customers the flexibility of choosing the frequency of their premium payments.
The products offer customers the flexibility of either choosing a single pay option or a limited pay option for premium payments over a period of five years, the company said in a statement.
Both these products allow customers to structure their asset allocation by choosing from a wide range of fund options. "The product is aimed at aiding long-term wealth creation and providing significant value to customers. We will continue to build on our product and service offerings that meet the changing requirements of our customers," ICICI Prudential Life Insurance executive director Madhivanan Balakrishnan said.
On maturity of the policy, the customer can choose to receive the maturity benefit as a lumpsum or structured payout through the settlement option to meet one's financial goals, the statement added.
Further, customers would be eligible for a loyalty bonus every year from the sixth year onward. This would be in addition to the maturity benefit payable by the company.