Union KBC MF unveils new tax saver scheme

Union KBC MF unveils new tax saver scheme

Union KBC Mutual Fund has launched Union KBC Tax Saver Scheme, an open-ended ELSS.

The investment objective of the scheme is to generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.

The new issue closes on 9th November. The minimum investment amount is Rs500.

BSE 100 Index is the benchmark index. Ashish Ranawade is the fund manager.

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IDFC Mutual Fund launches two years fixed maturity plan

IDFC Mutual Fund new issue closes on 16th November

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan 2 Year Series 1, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. The tenure of the scheme is two years.

The new issue closes on 16th November. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Fund Index is the benchmark index. Anupam Joshi is the fund manager.

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Axis MF floats Capital Protection Oriented Fund-Series 1

Axis Mutual Fund new issue closes on 21st November

Axis Mutual Fund has launched Axis Capital Protection Oriented Fund-Series 1, a close-ended income scheme.

The scheme will endeavour to protect the capital by investing in a portfolio of debt & money market instruments that are maturing on or before the maturity of the scheme. The scheme also aims to provide capital appreciation through exposure in equity & equity related instruments.

The new issue closes on 21st November. The minimum investment amount is Rs5,000. Crisil MIP Blended Index is the benchmark index. R Sivakumar is the fund manager.

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