Principal MF unveils Smart Equity Fund; Religare MF launches Fixed Maturity Plan-Series IV-Plan D (13 Months); SBI Mutual Fund floats Debt Fund Series-18 Months Fund-4; One97 Communications to launch IPO on 1st December

Principal MF unveils Smart Equity Fund

Principal Mutual Fund has launched Principal Smart Equity Fund, an open-ended growth fund.

The primary objective of the scheme is to generate long term capital appreciation with relatively lower volatility through systematic allocation of fund into equity and in debt/money market instrument for defensive purpose. The scheme has two options viz. dividend and growth option.

The scheme opens on 26th November and closes on 10th December. The minimum investment amount is Rs5,000. An exit load of 2% will be applicable if the units are redeemed within one year. If the units are redeemed within two years, then an exit load of 1% will be applicable.

The Scheme will be benchmarked against CRISIL Balanced Fund Index. The scheme will be managed by Rajat Jain.

Religare MF launches Fixed Maturity Plan-Series IV-Plan D (13 Months)

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series IV-Plan A to F-Plan D (13 Months), a close-ended income scheme.

The investment objective of the Plan D is to generate income by investing in debt and money market instruments normally maturing in line with the duration of the scheme. The plan has two options viz. dividend (payout) and growth option The scheme opens on 26th November and closes on 9th December. The exit load is nil. The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore.

Plan D will be benchmarked against CRISIL Short-Term Bond Fund Index.

SBI Mutual Fund floats Debt Fund Series-18 Months Fund-4

SBI Mutual Fund has unveiled SBI Debt Fund Series-18 Months Fund-4. The new issue opens on 30th November and closes on the same day.

The investment objective to the scheme is to provide regular income, liquidity and return to the investors through investment in a portfolio comprising debt instrument.

The minimum investment would be Rs5,000. The units of the scheme will be listed on National Stock Exchange of India.

One97 Communications to launch IPO on 1st December

One97 Communications is set to enter capital markets with an initial public offering of Rs120 crore on 1st December.

One97 is a provider of telecommunications value added services to telecom service providers, consumers and enterprises in India. Issue will close for subscription on 3rd December for qualified institutional buyers and will be opened till 6th December for retail and non-institutional investors.

Issue proceeds will be used for procuring telecom equipment and software for installation at office as well as various sites of customers. IDFC Capital Ltd and Avendus Capital Pvt Ltd are the book running lead managers to the issue.