Principal Mutual Fund launches 367 days fixed maturity plan

Principal Mutual Fund new issue closes on 28th March

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-Series 2, a close-ended income scheme.

The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities. The tenor of the plan is 367 days.

The new issue closes on 28th March. The minimum investment amount is Rs5,000.

The benchmark index for the scheme would be CRISIL Short Term Bond Fund Index. Shobit Gupta is the fund manager.

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L&T Mutual Fund floats 90 days fixed maturity plan

L&T Mutual Fund new issue closes on 24th March

L&T Mutual Fund has launched L&T FMP-III (March90D 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 tenor of the plan is 90 days.

The new issue closes on 24th March. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Bekxy Kuriakose is the fund manager.

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ICICI Prudential Mutual Fund unveils 396 days fixed maturity plan

ICICI Prudential Mutual Fund new issue closes on 28th March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-13 Months Plan B, a close-ended income scheme.

The investment objective of the plan is to seek 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 tenor of the plan is 396 days.

The new issue closes on 28th 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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