Tata Mutual Fund files offer document with SEBI to launch SIP Fund Series 3&4

Tata Mutual Fund to launch Tata SIP Fund Series-3 and Tata SIP Fund Series-4

Tata Mutual Fund has filed offer document with SEBI to launch SIP Fund Series 3&4. It is a close-ended hybrid scheme with the maturity period of 36 months from the date of allotment. It consists of two series-Tata SIP Fund Series-3 and Tata SIP Fund Series-4.

The investment objective of the schemes is to achieve long term growth. The schemes seek to achieve the objective by investing systematically in equity or equity related instruments.

During the first year, the scheme will invest up to 35% in equity or equity related instruments with high risk profile and 65%-100% in debt, money market and securitised debt instruments. In the second year, the scheme will invest up to 30%-70% in equity or equity related instruments with high risk profile and up to 30%-70% in debt, money market and securitised debt instruments. And in the third year, the scheme will invest up to 65%-100% in equity or equity related instruments with high risk profile and up to 35% in debt, money market and securitised debt instruments. Investment by the scheme in securitised debt will not normally exceed 20% of the net asset of the scheme.

The minimum investment amount for both the schemes is Rs5,000. CRISIL Liquid Fund Index and BSE Sensex will be the benchmark index. Bhupinder Sethi and Murthy Nagarajan Venugopal will manage the fund.

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ICICI Prudential Mutual Fund floats one fixed maturity plan

ICICI Prudential Mutual Fund new issue closes on 19th April

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 54-1 Year Plan D, a close-ended income scheme.

The investment objective of the plan is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the plan. The tenor of the plan is one year.

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

CRISIL Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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Deutsche Mutual Fund launches facility to transact schemes through stock exchange

Deutsche Mutual Fund’s units will be offered for transaction through the infrastructure provided by NSE—the Mutual Fund Services System

Deutsche Mutual Fund said that the units of DWS Alpha Equity Fund, DWS Investment Opportunity Fund and DWS Tax Saving Fund will be offered for transaction through the infrastructure provided by National Stock Exchange of India (NSE) viz. the Mutual Fund Services System (MFSS).

The facility for purchase/redemption of units of the schemes of the fund house will be available to existing as well as new investors. However, switching of units is not currently permitted.

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