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MF Weekly: ICICI Pru MF introduces Fixed Maturity Plan-Series

SMC | 02 Aug, 2016  | Follow Author | Add to my Favourites 
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Highlights:


HDFC Mutual Fund introduces FMP 1148D August 2016


HDFC Mutual Fund has launched the HDFC FMP 1148D August 2016 (1), a close ended income scheme. The NFO opens for subscription on August 01, 2016 and closes on August 08, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The investment objective of 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 respective Plan(s).


ICICI Prudential FMP - Series 79 - 1125 Days Plan


ICICI Prudential Asset Management Company has announced changes in SID and KIM of ICICI Prudential Fixed Maturity Plan - Series 79 - 1125 Days Plan H. As per the announcement, the New Fund Offer (NFO) period of the scheme has been extended till August 08, 2016 (Monday). Accordingly MICR cheques will be accepted till the end of business hours up to August 05, 2016. Transfer cheques and Real Time Gross Settlement (RTGS) requests will be accepted till the end of business hours up to August 08, 2016. Switch-in requests from equity schemes will be accepted up to August 05, 2016, till the cutoff time applicable for switches and from non-equity schemes will be accepted August 08, 2016, till the cutoff time applicable for switches. All the other provisions of the SID/KIM of the schemes remain unchanged.


ICICI Pru MF introduces Fixed Maturity Plan-Series


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 79-1120 Days Plan J, a close ended income scheme. The NFO opens for subscription on July 27, 2016 and closes on August 02, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Rahul Goswami and Rohan Maru. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.


Axis Mutual Fund files offer document for Hybrid Fund - Series 35 - 38


Axis Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme as “Axis Hybrid Fund - Series 35 - 38”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Growth and Dividend option and seeks to collect a Minimum Target Amount of Rs 20 Crores per series. The scheme's performance for plans having maturity between 1 year and less than 3 years will be benchmarked against a combination of 90% of Crisil Short Term Bond Fund Index and 10% of Nifty 50, and for plans having maturity of 3 years up to 5 years will be benchmarked against a combination of 80% of Crisil Composite Bond Fund Index and 20% of Nifty 50. The minimum application amount is Rs. 5,000 and in multiples of Re 10 thereafter.


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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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