Kotak Mahindra Mutual Fund launches Kotak FMP Series 41 (374 Days)

Kotak Mahindra Mutual Fund new issue closes on 22nd March

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 41 (374 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 closes on 22nd March. The minimum investment amount is Rs5,000.

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ICICI Prudential Mutual Fund floats 396 days fixed maturity plan

ICICI Prudential Mutual Fund new issue closes on 22nd March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-13 Months Plan A, a close-ended income scheme.

The investment objective of the plan is to seek 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 tenor of the scheme is 396 days.

The new issue closes on 22nd March. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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BNP Paribas Mutual Fund launches 12 months fixed term fund

BNP Paribas Mutual Fund new issue closes on 22nd March

BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 21 G, 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 fixed income securities maturing on or before the maturity of the scheme. Maturity date of the scheme would be 12 months from the date of allotment of units.

The new issue closes on 22nd March. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Alok Singh is the fund manager.

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