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MF Weekly: HSBC Mutual Fund files offers document for Fixed Investment Plan - IndiaNotes.com
MF Weekly: HSBC Mutual Fund files offers document for Fixed Investment Plan
SMC | Published: 04 Apr, 2017  | Source : IndiaNotes.com

Highlights:


ICICI Pru Mutual Fund introduces Fixed Maturity Plan-Series 80-1214 Days Plan V


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 80-1214 Days Plan V, a close ended income scheme. The NFO opens for subscription on March 25, 2017 and closes on April 03, 2017. 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.


ICICI Pru Mutual Fund introduces Fixed Maturity Plan-Series 80-1216 Days Plan W


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 80-1216 Days Plan W, a close ended income scheme. The NFO opens for subscription on March 25, 2017 and closes on April 05, 2017. 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.


ICICI Pru Mutual Fund introduces Fixed Maturity Plan-Series 80-1118 Days Plan X


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 80-1118 Days Plan X, a close ended income scheme. The NFO opens for subscription on March 25, 2017 and closes on April 08, 2017. 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.


ICICI Pru Mutual Fund introduces Fixed Maturity Plan-Series 80-1215 Days Plan Y


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 80-1215 Days Plan Y, a close ended income scheme. The NFO opens for subscription on March 25, 2017 and closes on April 08, 2017. 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.


Birla Sun Life Mutual Fund files offer document to launch Birla Sun Life Pharma & Healthcare Fund


Birla Sun Life Mutual Fund has filed offer document with SEBI to launch an open ended pharma and healthcare services sector scheme as “Birla Sun Life Pharma &Healthcare Fund”. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit Load will be 1.00% of applicable NAV for redemption / switch-out of units within 365 days from the date of allotment, and nil for redemption / switch-out of units after 365 days from the date of allotment for the scheme. The scheme offers Growth and Dividend option and seeks to collect a Minimum Target Amount of Rs 10 Crore. The scheme will be benchmarked against S&P BSE Healthcare Index. The minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter.


The primary investment objective of the Schemes is to provide long term capital appreciation by investing in equity/equity related instruments of the companies in the Pharma & Healthcare sectors in India.


HSBC Mutual Fund files offers document for Fixed Investment Plan


HSBC Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme as “HSBC Fixed Term Series 129 (HFTS 129)”. The New Fund Offer price is Rs 10 per unit. The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the plan.


DSP BlackRock MF launches digital camp to promote its liquid fund


DSP BlackRock Mutual Fund has announced the launch of UnfixYourMoney - its new digital campaign to promote its liquid fund called DSP BlackRock Money Manager Fund. The campaign aims to urge people to unfix their thinking from only putting away their money in the fixed 4-6% of savings accounts or locking in money for the fixed tenure in FDs. DSP BlackRock is popularizing this campaign through social media. Under this campaign, the company has launched three videos that take the viewer over the evolution of savings from the time when people just put it away physically to then moving on to saving it in a bank and now eventually realizing how smart it is to use liquid funds to manage their money in an effective manner. These videos highlight the conundrum that investors face with traditional ‘fixed’ saving choices as against the flexibility and accessibility that make the instant redemption facility.


IDFC Mutual Fund files offer document for Fixed Term Plan - Series 134 to 139


IDFC Mutual Fund has filed offer document with SEBI to launch a close ended income schemes as “IDFC Fixed Term Plan - Series 134 to 139”. 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 crore. The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of each Series(s) under the scheme.


ASK Investment Managers crosses Rs 10,000 crores AUM in its PMS business


Portfolio Management Service firm ASK Investment Managers has announced that Assets under Management (AUM) in its PMS business has crossed Rs 10,000 crores. The AUM of ASK Investment Managers has grown over six fold in the last four years to Rs 10,000 crores from Rs 1,500 crores in September 30, 2013. The company claims that it has emerged as the largest equity PMS or managed account services provider in the country, with almost 11 percent of the domestic market share in overall discretionary equity assets managed under PMS structure. With this important development, ASK Group AUM have crossed Rs 30,000 crores, making it one of the fastest growing financial services entities in India.

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