SBI Mutual Fund new issue closes on 4th March
SBI Funds Management has launched SBI Capital Protection Oriented Fund Series II, a five year close-ended scheme.
The investment objective of the scheme is to protect the capital on maturity of the scheme, (which for this scheme, falls on 10 March 2016) through focused investment in equity, debt and money market instruments and at the same time also seek to provide investors with opportunities for long-term growth in capital.
The new fund offer opens on 18th February and shall close on 4th March. The units would be allotted on 11th March and the net asset value (NAV) would be disclosed on a daily basis, thereafter. The new fund shall neither have any entry load nor exit load.
The minimum initial investment is Rs5,000. The fund's benchmark index is the BSE 100 Index.
Kotak Mahindra Mutual Fund new issue closes on 22nd February
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 37 (370 Days), a close-ended income scheme.
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 22nd February. The minimum investment amount is Rs5,000.
BNP Paribas Mutual Fund new issue closes on 23rd February
BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 21 B, 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 fixed income securities maturing on or before the maturity of the scheme.
The new issue closes on 23rd February. The minimum investment amount is Rs5,000.