Pramerica Mutual Fund unveils Fixed Duration Fund-Series 1

Pramerica Mutual Fund new issue closes on 9th March

Pramerica Mutual Fund has launched Pramerica Fixed Duration Fund-Series 1, 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 duration of the scheme is 370 days.

The new issue closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Mahendra Jajoo is the fund manager.

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Pramerica Mutual Fund introduces monthly income fund

Pramerica Mutual Fund new issue closes on 22nd March

Pramerica Mutual Fund has launched Pramerica Dynamic Monthly Income Fund, an open-ended income scheme.

The objective of the scheme is to generate regular returns through investment in debt and money market instruments and generate capital appreciation by investing in equity and equity related instruments.

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

CRISIL MIP Blended Index is the benchmark index. Mahendra Jajoo and Ravi Gopalkrishnan are the fund managers for the scheme.

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ICICI Prudential Mutual Fund floats 14 months fixed maturity plan

ICICI Prudential Mutual Fund new issue closes on 14th March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55- 14 Months Plan B, a close-ended income scheme.

The investment objective of the plan is 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 duration of the plan is 14 months.

The new issue closes on 14th 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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