Reliance Mutual Fund introduces 367 days fixed horizon fund

Reliance Mutual Fund new issue closes on 24th March

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 11, 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 tenor of the scheme is 367 days.

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

Crisil Short Term Bond Fund    Index is the benchmark index. Amit Tripathi is the fund manager.

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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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