Sundaram Mutual Fund floats fixed term plan

Sundaram Mutual Fund new issue closes on 20 May 2011

Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AT, a close ended income scheme. The tenor of the plan is 18 months.

The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.

The scheme will allocate up to 100% of assets in money market instruments, short-term and medium-term debt instruments with low to medium risk profile. The scheme shall not invest in securitised debt.

The minimum investment amount is Rs5,000. The new issue closes on 20 May 2011.

The scheme’s performance will be benchmarked against Crisil Short-Term Bond Fund Index. The scheme will be managed by Dwijendra Srivastava.

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Edelweiss Mutual Fund launches monthly income plan

The scheme seeks to invest at least 70% of its net assets in debt and money market instruments and the balance in equity and equity related instruments

Edelweiss Mutual Fund has launched Edelweiss Monthly Income Plan, an open-ended income scheme. The scheme seeks to invest at least 70% of its net assets in debt and money market instruments and the balance in equity and equity related instruments. “Our quant based equity investment style and a debt portfolio at lower duration, will endeavour to produce better risk adjusted returns than conventional MIPs,” Edelweiss Asset Management Ltd (AMC), chief executive officer, Vikaas M Sachdeva said. “With equity markets a little volatile and an interest rate scenario that has seen a significant hardening in high inflation regime, we believe this is the right time for investors to invest in this scheme,” Mr Sachdeva said.

The scheme seeks to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitised debt, government securities, and equity & equity related instruments. Since the equity component of the portfolio of the scheme would provide the opportunity for generating enhanced returns of the portfolio, the AMC will focus on managing the same with quant-based investment style, making the scheme one of India’s premier quant-based equity investment products. In parallel, its debt portfolio will seek to produce consistent returns that will serve to counter balance any volatility produced by equity component, he said.

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SBI Mutual Fund unveils SDFS-370 days-15

SBI Mutual Fund new issue closes on 24th May

SBI Mutual Fund has launched SBI SDFS-370 days-15, a close-ended income scheme. The tenor of the scheme is 370 days.

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme.

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

CRISIL Short Term Bond Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.

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