SBI Mutual Fund unveils Capital Protection Oriented Fund-Series III

SBI Mutual Fund new issue closes on 29th September

SBI Mutual Fund has launched SBI Capital Protection Oriented Fund-Series III, a close-ended income scheme.

The investment objective of the scheme is to protect the capital invested (face value of Rs10 per unit) on maturity of the scheme through focused investments in equity debt and money market instruments at the same time also seeking to provide investors with opportunities for long-term growth in capital.

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

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Baroda Pioneer MF floats 90 Day Fixed Maturity Plan-Series 4

Baroda Pioneer MF new issue closes on 19th September

Baroda Pioneer Mutual Fund has launched Baroda Pioneer 90 Day Fixed Maturity Plan-Series 4, a close-ended income scheme.

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

The new issue closes on 19th September. The minimum investment amount is Rs5,000.

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Birla Sun Life MF launches Capital Protection Oriented Fund Series 7

Birla Sun Life MF new issue will close on 29 September 2011

Birla Sun Life Asset Management Company Ltd (BSLAMC) has launched Capital Protection Oriented Fund Series 7, an alternative to the traditional investment options like traditional deposits. This is a 36 month close-ended scheme which offers protection to the invested money by investing into high quality bonds (debt) till the end of tenure and exploring capital growth prospect by investing a part of the capital for equity market exposure.

A Balasubramanian, CEO, BSLAMC, said,“ The company intends to provide a platform which aims to help investors protect their capital and at the same time allows them an opportunity to invest a small portion of their capital for equity market exposure,” he said. 

This product is designed to keep the investors’ money safe. At the same time it allows the investor an opportunity to take a small exposure to equity market through investing in premium of exchange traded index options. The returns of such funds are also more tax – efficient as compared to traditional deposit.

BSL CPOF Series 7, has been rated CARE AAAmfs (so) by CARE. The fund offers growth option only with minimum application amount of Rs5,000 and multiples of Rs 10 thereafter during the new fund offer period. The new issue will close on 29 September 2011.

The fund is benchmarked against CRISIL Balanced Fund Index and shall be managed by Satyabrata Mohanty and Ajay Garg.

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