Reliance Mutual Fund unveils Fixed Horizon Fund-XIX-Series 12

Reliance Mutual Fund new issue closes on 28th April

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund-XIX-Series 12, a close ended income scheme with the duration of 368 days from the date of allotment. The new issue opens on 27th April and closes on 28th April.  

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central, 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 minimum investment amount is Rs5,000. CRISIL Short Term Bond Fund Index is the benchmark index for the scheme. Amit Tripathi is the fund manager.

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Reliance Mutual Fund floats Fixed Horizon Fund-XIX-Series 19

Reliance Mutual Fund new issue closes on 9th May

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 19, a close-ended 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 732 days.

The new issue closes on 9th May. 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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Maruti Q4 net profit rises marginally to Rs659.86 crore

For the entire fiscal 2010-11, Maruti Suzuki's consolidated net profit declined by 9.23% to Rs2,382.37 crore from Rs2,624.64 crore in FY09-10. The company stated that its FY10-11 profit was impacted due to adverse currency movement

New Delhi: Maruti Suzuki India (MSI0, the country's largest carmaker, today reported a marginal rise in its net profit for the quarter ended 31 March 2011, at Rs 659.86 crore, from Rs656.55 crore in the corresponding quarter of 2009-10 fiscal, reports PTI.

Total income from operations during the fourth quarter of the last fiscal increased by 18.93% to Rs10,092.18 crore from Rs8,485.83 crore in the same period previous fiscal, the company said in a statement.

During the quarter, the company's total automobile sales stood at 3,43,340 units compared to 2,87,422 units in the year-ago period, up 19.46%.

For the entire fiscal 2010-11, MSI's consolidated net profit declined by 9.23% to Rs2,382.37 crore from Rs2,624.64 crore in FY09-10.

The consolidated total income from operations during last fiscal went up by 24.75% to Rs37,578.48 crore from Rs30,122.51 crore in 2009-10.

Raw material cost was up by 24% at Rs7,598 crore from Rs6,128 crore, year-on-year.

Maruti stated that its FY10-11 profit was impacted due to adverse currency movement.

MSI sold a total of 12,71,005 vehicles in FY10-11 as against 10,18,365 units in the previous fiscal, up 24.81%.

The company's board also recommended a dividend of 150%, which is Rs7.50 per share of the face value of Rs5 for 2010-11.

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