Union KBC Mutual Fund launches liquid fund

Union KBC Mutual Fund new issue closes on 14th June

Union KBC Mutual Fund has launched Union KBC Liquid Fund, an open-ended liquid scheme.

The investment objective of the scheme is to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities.

The new issue closes on 14th June. The scheme reopens on 16th June. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Devesh Thacker is the fund manager.

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Reliance Mutual Fund unveils Fixed Horizon Fund-XX-Series 1

Reliance Mutual Fund new issue closes on 16th June

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 1, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The tenor of the scheme is 93 days.

The new issue closes on 16th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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Principal Mutual Fund floats 367 days fixed maturity plan

Principal Mutual Fund new issue closes on 20th June

Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-Series 3, a close-ended income scheme.

The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities. The tenure of the Scheme will be 367 days.

The new issue closes on 20th June. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Shobit Gupta is the fund manager.

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