Religare Mutual Fund floats 370 days fixed maturity plan

Religare Mutual Fund new issue closes on 9th March

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VI-Plan A to F-Plan B (370 Days), a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.

The new issue closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.

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Pramerica Mutual Fund unveils Fixed Duration Fund-Series 1

Pramerica Mutual Fund new issue closes on 9th March

Pramerica Mutual Fund has launched Pramerica Fixed Duration Fund-Series 1, a close-ended income scheme.

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The duration of the scheme is 370 days.

The new issue closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Mahendra Jajoo is the fund manager.

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Pramerica Mutual Fund introduces monthly income fund

Pramerica Mutual Fund new issue closes on 22nd March

Pramerica Mutual Fund has launched Pramerica Dynamic Monthly Income Fund, an open-ended income scheme.

The objective of the scheme is to generate regular returns through investment in debt and money market instruments and generate capital appreciation by investing in equity and equity related instruments.

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

CRISIL MIP Blended Index is the benchmark index. Mahendra Jajoo and Ravi Gopalkrishnan are the fund managers for the scheme.

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