HDFC Mutual Fund launches HDFC FMP 35D November 2010 (1); Birla Sun Life MF unveils Birla Sun Life Short Term FMP-Series 2; BNP Paribas MF launches BNP Paribas Fixed Term Fund-Series 19 B; ICICI Pru MF unveils ICICI Pru Fixed Maturity Plan-Series 53-1 Year Plan B; HDFC Mutual Fund floats HDFC FMP 100D November 2010 (1)
HDFC Mutual Fund launches HDFC FMP 35D November 2010 (1)
HDFC Mutual Fund has launched HDFC FMP 35D November 2010 (1), a close-ended income scheme.
The investment objective of the plan is to generate income through investments in debt/money-market instruments and government securities maturing on or before the maturity date of the respective plan. The scheme will invest 100% of the assets in debt securities and money-market instruments having low to medium risk profile.
The tenor of the plan is 35 days from the date of allotment. The plan offers growth and dividend options. The exit load for the plan is nil. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 9th November and closes on 11th November. The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore.CRISIL Liquid Fund Index is the benchmark index. Bharat Pareek and Miten Lathia are the fund managers.
Birla Sun Life MF unveils Birla Sun Life Short Term FMP-Series 2
Birla Sun Life Mutual Fund has launched Birla Sun Life Short Term FMP-Series 2, a close-ended income scheme.
The scheme seeks to generate income by investing in fixed-income securities maturing on or before the duration of the scheme. The scheme will have duration of 90 days from the date of allotment. The scheme will invest 100% of the assets in debt securities and money-market instruments having low to medium risk profile.
The scheme offers growth and dividend (payout) option. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 9th November and closes on the same day. The exit load for the scheme is nil. The minimum investment amount is Rs5,000. The minimum target amount is Rs10 crore.CRISIL Short Term Bond Fund Index is the benchmark index. The scheme is managed by Kaustubh Gupta.
BNP Paribas MF launches BNP Paribas Fixed Term Fund-Series 19 B
BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 19 B, a close-ended income scheme.
The investment objective of the scheme would be to achieve growth of capital through investments made in fixed-income securities maturing on or before the maturity of the scheme. The scheme would invest 100% of its assets in debt and money-market instruments having low to medium risk profile. Maturity date of the scheme would be 370 days from the date of allotment of units. The scheme offers growth and dividend (payout) option. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO closes on 15th November. The exit load on the scheme is nil. The minimum investment amount is Rs5,000.CRISIL Short Term Bond Fund Index is the benchmark index. Alok Singh is the fund manager.
ICICI Pru MF unveils ICICI Pru Fixed Maturity Plan-Series 53-1 Year Plan B
ICICI Prudential Mutual Fund has unveiled ICICI Prudential Fixed Maturity Plan-Series 53-1 Year Plan B, a close-ended income scheme.
The investment objective of the plan is to seek to generate regular returns by investing in fixed-income securities/debt instruments which mature on or before the date of maturity of the plan. The tenure of the plan is 371 days.
The plan offers growth and dividend (payout) option. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 9th November and closes on 12th November. Since the plan will be listed on the stock exchange, load will not be applicable.The minimum investment amount is Rs5,000.CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.
HDFC Mutual Fund floats HDFC FMP 100D November 2010 (1)
HDFC Mutual Fund has launched HDFC FMP 100D November 2010 (1), close-ended income scheme. The investment objective of the plan under the scheme is to generate income through investments in debt /money-market instruments and government securities maturing on or before the maturity date of the plan.
The tenor of the scheme is 100 days from the date of allotment. During the new fund offer, the units will be offered at face value of Rs10 per unit. The new issue opens on 9th November and closes on 11th November.
The scheme offers growth and dividend options. The minimum investment amount is Rs5,000.CRISIL Liquid Fund Index is the benchmark index. Bharat Pareek and Miten Lathia are the fund manager.
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