Reliance Mutual Fund unveils Dual Advantage Fixed Tenure Fund-I-Plan L

Reliance Mutual Fund new issue closes on 24th June

Reliance Mutual Fund has launched Reliance Dual Advantage Fixed Tenure Fund-I-Plan L, a close-ended income scheme.

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure. The tenor of the scheme is three years.

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

Crisil MIP Blended Fund Index is the benchmark index. Shailesh Raj Bhan and Anju Chajjer are the fund managers.

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Kotak Mahindra MF floats 370 days fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 16th June

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 51 (370 Days), a close-ended income scheme. The tenor of the plan is 370 days.

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 16th June. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Deepak Agrawal and Abhishek Bisen will be the fund managers for the scheme.

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HDFC Mutual Fund floats 92 days fixed maturity plan

HDFC Mutual Fund new issue closes on 15th June

HDFC Mutual Fund has launched HDFC FMP 92D June 2011 (2), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s). The tenor of the plan is 92 days.

The new issue closes on 15th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the fund manager. Miten Lathia is the fund manager.

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