Kotak Mahindra Mutual Fund unveils 370 days fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 16th March

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 40 (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 tenor of the scheme is 370 days.

The new issue closes on 16th March. The minimum investment amount is Rs5,000.

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

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IDFC Mutual Fund introduces one month fixed maturity plan

IDFC Mutual Fund new issue closes on 16th March

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Monthly Series 29, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. The tenor of the scheme is one month.

The new issue closes on 16th March. The minimum investment amount is Rs10,000.  

CRISIL Liquid Fund Index is the benchmark index. Anupam Joshi is the fund manager.

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Birla Sun Life Mutual Fund launches 91 days fixed maturity plan

Birla Sun Life Mutual Fund new issue closes on 15th March

Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 12, 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 91 days.

The new issue closes on 15th March. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Kaustubh Gupta would be the designated fund manager of the scheme.

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