Peerless MF introduces Equity Fund

Peerless MF new issue closes on 21st September

Peerless Mutual Fund has launched Peerless Equity Fund, a close-ended income scheme.

The investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities diversified over various sectors.

The new issue closes on 21st September. The minimum investment amount is Rs1,000.

S&P CNX Nifty is the benchmark index. Kaushik Dani (for equity) & Ganti N Murthy (for debt) are the fund managers.

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JM Financial MF launches Fixed Maturity Fund-Series XX-Plan B

JM Financial MF new issue closes on 20th September

JM Financial Mutual Fund has launched JM Fixed Maturity Fund-Series XX-Plan B (JM FMF-XX-B), a close-ended income scheme.

The investment objective of the scheme is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme.

The new issue closes on 20th September. The minimum investment amount is Rs5,000. Girish Hisaria and Vikas Agrawal are the fund managers.

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Deutsche MF floats Fixed Term Fund-Series 90

Deutsche MF new issue closes on 8th September

Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 90 (DFTF-90), a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The tenure of the scheme is 370 days.

The new issue closes on 8th September. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Kumaresh Ramkrishnan is the fund manager.

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