L&T Mutual Fund introduces new plan

L&T Mutual Fund’s new issue closes on 9th February

L&T Mutual Fund has launched L&T FMP-III (January369D 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 new issue opens on 31st January and closes on 9th February. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.

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BNP Paribas MF floats 15 months scheme

BNP Paribas Mutual Fund’s new issue closes on 7th February

BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 20 C, 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. The tenor of the scheme is 15 months.

The new issue opens on 31st January and closes on 7th February. 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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Axis MF unveils Midcap Fund

Axis Mutual Fund’s new issue closes on 14th February

Axis Mutual Fund has launched Axis Midcap Fund, an open-ended growth scheme.

The investment objective of the scheme is to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category.

The new issue opens on 31st January and closes on 14th February. The minimum investment amount is Rs5,000.

BSE Midcap Index is the benchmark index. Pankaj Murarka is the fund manager.

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