Reliance Mutual Fund floats Fixed Horizon Fund-XIX-Series 9

Reliance Mutual Fund new issue closes on 17th March

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 9, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

The new issue closes on 17th March. The minimum investment amount is Rs5,000.

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Principal Mutual Fund unveils 367 days fixed maturity plan

Principal Mutual Fund new issue closes on 21st March

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-Series 1, 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 tenure of the scheme will be 367 days.

The new issue closes on 21st March. The minimum investment amount is Rs5,000.

Shobit Gupta is the fund manager. The scheme would benchmark the performance to CRISIL Short Term Bond Fund Index.

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Kotak Mahindra Mutual Fund launches Kotak FMP Series 41 (374 Days)

Kotak Mahindra Mutual Fund new issue closes on 22nd March

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 41 (374 Days), a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.

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

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