L&T Mutual Fund launches 367 days fixed maturity plan

L&T Mutual Fund new issue opens for subscription on 23rd September

L&T Mutual Fund has launched L&T FMP-IV (September 367D 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 tenure of the scheme is 367 days.

The scheme opens for subscription on 23rd September and will close on 26th September. The minimum application amount is Rs5000.

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Yes Bank, Malaysian bank tie up for services

Yes Bank and Maybank will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships

Yes Bank and Malayan Banking Berhad (Maybank), a Malaysian bank, entered into an agreement to collaborate on cross-border investment banking advisory, corporate banking, trade finance, remittance and other allied services.

The alliance will play an active role towards further augmenting trade and investment flows in the Indo-South East Asia corridor. With this tie-up, Yes Bank and Maybank will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to open up investment banking, corporate banking, trade finance & remittance opportunities for their respective clients.

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Business & Politics: Right over Might

One fallout of the anti-corruption agitation: politically-backed companies are having a tough...

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