Kotak Mahindra MF launches 24 months fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 9th August

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 55 (24M), 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 tenure of the scheme is 24 months.

The new issue closes on 9th August. The minimum investment amount is Rs5,000.

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

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L&T Mutual Fund floats 24 months fixed maturity plan

L&T Mutual Fund new issue closes on 8th August

L&T Mutual Fund has launched L&T Mutual Fund L&T FMP-IV (July24M A), a close-ended income scheme.

The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme. The tenure of the scheme is 24 months.

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

CRISIL Short Term Bond Fund Index is the benchmark index. Richa Sharma and Hareshwar Karekar are the fund managers.

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Axis MF unveils Hybrid Fund-Series 1

Axis Mutual Fund new issue closes on 11th August

Axis Mutual Fund has launched Axis Hybrid Fund-Series 1, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in high quality fixed income securities, whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments. The tenure of the scheme is three years.

The new issue closes on 11th August. The minimum investment amount is Rs5,000.

Crisil MIP Blended Index is the benchmark index. Sivakumar and Jinesh Gopani are the fund managers.

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COMMENTS

UMESH CHOUDHARY

5 years ago

pl. send account statement on my email-id as mentioned above.

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