Tata Mutual Fund launches Tata Fixed Maturity Plan Series 27-Scheme A & B; ICICI Prudential MF launches ICICI Prudential Fixed Maturity Plan-Series 52; Peerless MF files offer document with SEBI to launch Peerless MF Child Plan; L&T Mutual Fund files offer document with SEBI to launch L&T FMP-II
Tata Mutual Fund launches Tata Fixed Maturity Plan Series 27-Scheme A & B
Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 27-Scheme A & B, a close-ended debt scheme. The new fund offer (NFO) has opened on 26 August 2010 and will close on 1 September 2010. The NFO price for the schemes A & B is Rs10 per unit. Tata Fixed Maturity Plan Series 27-Scheme A has a maturity period of 366 days from the date of allotment. Tata Fixed Maturity Plan Series 27-Scheme B has a maturity period of 12-18 months from the date of allotment. The investment objective of the schemes is to generate income and/or capital appreciation by investing in debt and money market instruments having maturity in line with the maturity of the respective schemes. The scheme offers two options - growth and dividend. The minimum amount of investment for the schemes is Rs10,000.
ICICI Prudential MF launches ICICI Prudential Fixed Maturity Plan-Series 52
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 52- 1 Year Plan C, a close ended debt fund. The new fund offer (NFO) opens on 27 August 2010 and closes on 7 September 2010. The NFO price is Rs10 per unit. The investment objective is to generate regular returns by investing in fixed income securities/debt instruments which mature on or before the date of maturity of the plan under the scheme. The tenure of the 1Year Plan C is 371 days. Minimum investment amount is Rs5,000 and in multiples of Re1 thereafter.
Peerless MF files offer document with SEBI to launch Peerless MF Child Plan
Peerless Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch Peerless MF Child Plan. The fund is an open ended debt scheme. The new fund offer (NFO) price will be Rs10 per unit. The investment objective of the scheme is to generate long term capital appreciation by investing in fixed income securities, gold exchange traded funds (ETFs) of other mutual funds and equity and equity related instruments. An exit load of 1% will be applicable, if the investor redeems units within one year from the data of allotment. The scheme offers two options - growth and dividend. Minimum investment amount is Rs1,000 and in multiples of Rs100 thereafter. Minimum target amount is Rs1 crore. The scheme will invest 60-80% in debt of all types of companies and money market instruments. The scheme will also invest 5-35% in equity and equity related instruments and 5-35% in gold ETFs of other mutual funds. The asset management company will give five scholarships every year for the child as decided by the management for an aggregate value of up to 5% of the management fees earned by the asset management company in the scheme during the financial year.
L&T Mutual Fund files offer document with SEBI to launch L&T FMP-II
L&T Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch L&T FMP-II. The fund is a close ended income scheme and includes seven plans. Each plan will have varied maturity (ranging between 30 days to 24 months). Each plan will be open for fresh subscription at new fund offer price and is of fixed maturity. The scheme will offer units at Rs10 per unit during the new fund offer. The scheme will be listed on National Stock Exchange (NSE) and the units held in dematerialised form can be traded on NSE. The investment objective of the scheme will be to achieve growth of capital through investments made in debt/fixed income securities maturing on or before the maturity of the scheme. The scheme opens two options - growth and dividend (payout). The scheme will invest up to 100% in debt instruments or in money market instruments. Minimum investment amount is Rs5,000 and in multiples of Rs10 thereafter. Minimum target amount is Rs1 crore under the scheme.
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