Kotak Mahindra Mutual Fund floats 370 days plan

Kotak Mahindra Mutual Fund new issue closes on 22nd February

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 38 (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 new issue opens on 22nd February and closes on the same day. The minimum investment amount is Rs5,000.

Deepak Agarwal and Abhishek Bisen will be the fund managers for the scheme. The benchmark index of the scheme shall be CRISIL Short Term Bond Index.

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COMMENTS

sivaji

6 years ago

Sir
I have taken a Kotak life insurance flexi plan.My due date is 28 february.I invested a sum of 60000 now they say only 47000 will be returned on due date.Is there any way to get my money back.They cheated me by saying that i will get double after three years.Now not even my base sum is returned.Please guide me to get my money back from them.

DSP BlackRock Mutual Fund launches three months plan

DSP BlackRock Mutual Fund new issue closes on 24th February

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-3M-Series 30, a close-ended income scheme.

The primary investment objective of the schemes is to seek 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 schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing. The tenor of the scheme is three months.

The new issue opens on 22nd February and closes on 24th February. The minimum investment amount is Rs10,000.

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

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Birla Sun Life Mutual Fund unveils 367 days plan

Birla Sun Life Mutual Fund new issue closes on 28th February

Birla Sun Life Mutual Fund has launched Birla Sun Life Fixed Term Plan-Series CR, a close-ended income scheme.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The scheme will have duration of 367 days.

The new issue opens on 22nd February and closes on 28th February. The minimum investment amount is Rs5,000.

Kaustubh Gupta is the fund manager. CRISIL Short Term Bond Fund Index is the benchmark index.

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