Kotak Mahindra MF introduces 370 days fixed maturity plan

Kotak Mahindra MF new issue closes on 19th October

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 62 (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 tenure of the scheme is 370 days.

The new issue closes on 19th October. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Abhishek Bisen and Mayank Prakash are fund managers.

User

DSP BlackRock MF unveils 3 months fixed maturity plan

DSP BlackRock MF new issue closes on 19th October

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-Series 17-3M, 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 scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The tenure of the scheme is three months.

The new issue closes on 19th October. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

User

EC to crack down on black money use in forthcoming polls

The Election Commission has put in place stronger measures to monitor illegal cash movement and funds during polls, after learning from the experiences of last year’s Assembly polls in Bihar and a few other states like Tamil Nadu and West Bengal recently

New Delhi: The Election Commission (EC) will crack down heavily on use of black money during the upcoming Assembly polls in five states and has put in place stronger measures to monitor illegal cash movement, Chief Election Commissioner (CEC) SY Quraishi said here yesterday, reports PTI.

“The EC will come down heavily against black money during the forthcoming polls,” Mr Quraishi said after inaugurating a day-long workshop for political parties on election expenditure monitoring here on Monday.

He said the EC has put in place stronger measures to monitor illegal cash movement and funds during polls after learning from the experiences of last year’s Assembly polls in Bihar and a few other states like Tamil Nadu and West Bengal recently.

The CEC said that political parties should educate their cadres at all levels regarding the guidelines framed by the EC in this regard so that violations are “minimised”.

A total of 58 representatives of both national and state-level political parties from Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur participated in the workshop.

The CEC said that political parties should exercise self-restraint on election expenditure and strictly adhere to the new set of instructions issued by the EC in this regard recently.

Mr Quraishi, who was accompanied by two other Election Commissioners VS Sampath and HS Brahma, said during the all-party meeting held at its headquarters in October last year, that party leaders had themselves asked the Commission to check use of excess money and the menace of paid news in elections.

User

COMMENTS

RNandakumar

5 years ago

The recent local bodies election as well as assembly elections of Tamilnadu was really conducted in a very commenadable way that even the defeated politicians had no ground to complain against the EC. Unlike CBI which gives enough advance information to the culprits before the raids, EC could still improve their performance if they could start their vigilance on money movement well ahead of any impending election in a given area. Sealing the borders with strict checks as well as vehicular checks including the public transport would yeild good results as it did inTamilnadu recently.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)