ICICI Prudential mutual fund has launched a 3 years Fixed Maturity Plan (FMP). The last date of the NFO is 23-Aug-2010. The investment objective of the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Kotak Mutual Fund is launching 370 days FMP Series 6, which will be listed on National Stock Exchange (NSE) from July 23, 2010 (Friday) and will close on July 26, 2010 (Monday). Investor can utilize ASBA (Amount Supported by Blocked Amount). NRI can also apply through their NRO account.
INVESTMENT OBJECTIVE
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest
rate risk.
SCHEME TYPE
Close ended debt scheme
MINIMUM INVESTMENT DURING NFO
Rs. 5,000/- and in multiples of Rs 10 for purchase and switch-ins.
OPTIONS
Growth and Dividend Payout.
LISTING
The units of the scheme will be listed on NSE on allotment.
BENCHMARK
CRISIL Composite Bond Fund Index
LIQUIDITY
Units of this scheme will be listed on National Stock Exchange. Investors may sell their units in the stock exchange(s) on which these units are listed on all the trading days of the stock exchange. The units cannot be redeemed with KMMF until the maturity of the scheme.
Deutsche Mutual Fund has launched the Fixed Term Fund product “DWS Fixed Term Fund - Series- 68″
Investment Objective: The objective of the Fund is to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme
Issue, Allotment & Maturity Dates :
New Fund Offer Open: January 18,2010
New Fund Offer Closes: January 27,2010
Allotment Date: January 28,2010
Maturity Date: July 18,2011
Investment Particulars
* Options : Dividend Payout & Growth
* Minimum Application Amount : Rs.Rs. 5,000 and in multiples of Re. 1/- thereafter.
* All cheques and bank drafts must be drawn in the name of the Scheme e.g. “DWS Fixed Term Fund - Series 68″