Kotak Mahindra MF launches 18 months fixed maturity plan

Kotak Mahindra Mutual Fund new fund offer closes 18th October

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 61 (18M), 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 18 months.

The new issue closes on 18 October 2011. The minimum investment amount is Rs5,000.

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

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Baroda Pioneer MF launches 367 days fixed maturity plan

Baroda Pioneer Mutual Fund new fund offer closes 19th October

Baroda Pioneer Mutual Fund has launched Baroda Pioneer 367 Day Fixed Maturity Plan-Series 2, a close-ended income scheme.

The investment objective of the scheme to generate regular returns by investing in a portfolio comprising debt instruments and money market instruments maturing on or before the maturity of the scheme. The tenure of the scheme is 367 days.

The new issue closes on 19 October 2011. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Alok Sahoo and Hetal Shah are the fund managers.

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Maruti Suzuki introduces limited edition Alto Xplore

India’s largest selling car now comes in limited edition models from Maruti Suzuki

Maruti Suzuki today introduced limited editions of its highest selling brand Alto. Branded as Alto Xplore, this limited edition is packed with exciting new features, both on the inside and outside. The Xplore models are loaded with more than 10 new convenient features.

The all new limited edition of Alto is launched to coincide with the ongoing festive season. The limited edition is available in top variant—Alto Lxi and Alto-K10 Vxi.

The Alto Xplore models will be available in 6 Colours in both models and will sport an advanced double-din stereo with USB and Bluetooth, Luxurios Leather Seats, Exciting Body graphics, Body coloured bumpers, ORVMs and door handles and Sporty Roof Spoiler.

Alto has sold over 1.48 lakh units in this financial year. Maruti Suzuki launched Alto-K10 in August 2010 which accelerated the sales of India’s best selling model Alto.

On the occasion of launch of the limited editions, Mr. Shashank Srivastava, chief general manager–marketing, Maruti Suzuki India, said “Alto has been the favourite hatchback for Indians. With festive season coming up customers look forward for exciting offers. With the introduction of this limited edition we will cater to this need of Alto buyers.”

Compact and sleek, easy to handle Alto has been India’s bestselling with over 18.11 lakh customers for its lowest cost of ownership, performance and mileage. The car is targeted at wide spectrum of buyers with starting price of 2.32 lakhs ex showroom Delhi and offers different models such as Alto, Alto CNG and Alto K10. It delivers best performance of 68 ps power with advance k-series engine and delivers a high mileage of 20.2 kmpl.

In the late afternoon, Maruti Suzuki was trading at around Rs1073.05 per share on the Bombay Stock Exchange, 1.18% down from the previous close.

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