Sundaram Mutual Fund launches Fixed Term Plan-AG

Sundaram Mutual Fund new issue closes on 18th February

Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AG, a close-ended income scheme.

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 new issue closes on 18th February. The minimum investment amount is Rs5,000.

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Kotak Mahindra Mutual Fund launches 370 days scheme

Kotak Mahindra Mutual Fund new issue closes on 17th February

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 36 (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 tenure of the scheme will be 370 days after the date of allotment of units.

The new issue opens on 15th February and closes on 17th February. The minimum investment amount is Rs5,000.

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Birla Sun Life Mutual Fund unveils 91 days scheme

Birla Sun Life Mutual Fund new issue closes on 17th February

Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 8, 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 scheme will have duration of 91 days from the date of allotment.

The new issue opens on 15th February and closes on 17th February. The minimum investment amount is Rs5,000.

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