ICICI MF launches new FMP Series
ICICI Mutual Fund launched ICICI Prudential Fixed Maturity Plan - Series 43 - 18 Months Plan A. The investment objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.
SBI MF to unveil Real Estate Equity Fund
Mumbai: The SBI Mutual Fund on March 13, filed the offer document with the Securities and Exchange Board of India (Sebi) for unveiling a dedicated scheme for the real estate and related sector. The objective of Magnum Sector Funds Umbrella (MSFU) Real Estate Equity Fund is to give investors opportunities for long-term growth in capital via an active management of investments in equity and equity-related instruments of companies in the realty and similar sectors and in debt and money market instruments. The open-ended scheme will be available in Retail and Institutional Plan with growth and dividend options. Minimum investment under the retail plan is Rs 5,000 while under the institutional plan, it is Rs 5 crore.
Sundaram BNP Paribas MF collects Rs.45 crore through FTP
Sundaram BNP Paribas Mutual Fund has collected Rs 45 crore through its Sundaram BNP Paribas Fixed Term Plan - Plan C during its initial offer period, which closed to 4 March 2008. Sundaram BNP Paribas Fixed Term Plan - Plan C, which is an open-ended liquid fund, which was opened 28 February and closed 4 March 2008. The primary investment objective of the scheme is to achieve income with minimum volatility by investing in a portfolio of fixed-income securities.
Franklin Templeton MF launches Templeton Fixed Horizon Fund
Franklin Templeton Mutual Fund launched Templeton Fixed Horizon Fund - Series VII - Plan C. The investment objective of the scheme would be to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration.
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