Kotak Mahindra Mutual Fund new issue closes on 28th June
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 52 (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 tenure of the scheme is 370 days.
The new issue closes on 28th June. The minimum investment amount is Rs5,000.
Crisil Short Term Bond Index is the benchmark index. Deepak Agrawal and Abhishek Bisen are the fund managers.
ICICI Prudential Mutual Fund new issue closes on 30th June
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan–Series 58–1 Year Plan B, a close-ended income scheme.
The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme. The tenure of the scheme is 367 days.
The new issue closes on 30th June. The minimum investment amount is Rs5,000.
Crisil Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.
G Murlidhar is one of the founder members of Kotak Life Insurance
Kotak Mahindra Old Mutual Life Insurance Ltd said that G Murlidhar has been appointed as the managing director of the company.
Mr Murlidhar is one of the founder members of Kotak Life Insurance. He has served the company in various positions of high responsibility over the past decade and was the company's chief operating officer in his immediate prior assignment. It is largely due to his efforts that the company was able to establish a strong operational and service backbone dovetailing into a highly efficient distribution network. Mr Murlidhar is a chartered accountant, company secretary, and cost and works accountant.