Reliance Mutual Fund introduces Fixed Horizon Fund-XX-Series 21

Reliance Mutual Fund new issue closes on 20th June

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 21, a close-ended income scheme.

The primary 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 368 days.

The new issue closes on 20th June. 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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ICICI Pru MF unveils Multiple Yield Fund-Plan B

ICICI Pru Mutual Fund new issue closes on 29th June

ICICI Prudential Mutual Fund has launched ICICI Prudential Multiple Yield Fund-Plan B, a close-ended income scheme.

The primary objective of the plan is to generate returns by investing in a portfolio of fixed income securities/debt instruments. The secondary objective of the plan is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments. The tenor of the plan is 1,100 days.

The new issue closes on 29th June. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Index is the benchmark index. Chaitanya Pande is the fund manager.

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Deutsche Mutual Fund floats Fixed Term Fund-Series 85

Deutsche Mutual Fund new issue closes on 22nd June

Deutsche Mutual Fund has launched DWS Fixed Term Fund-Series 85 (DFTF-85), a close-ended income scheme.

The objective of the fund 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 tenor of the The new issue closes on 22nd June. 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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