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MF Weekly: Sundaram Mutual Fund introduces Hybrid Series U - IndiaNotes.com
MF Weekly: Sundaram Mutual Fund introduces Hybrid Series U
SMC | Published: 19 Apr, 2017  | Source : IndiaNotes.com

Highlights:


ICICI Pru Mutual Fund introduces Fixed Maturity Plan-Series 81-1101 Days Plan C


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 81-1101 Days Plan C, a close ended income scheme. The NFO opens for subscription on April 18, 2017 and closes on April 28, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. 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.


Reliance Mutual Fund introduces Fixed Horizon Fund XXXIII-Series 9


Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund XXXIII-Series 9, a close ended income scheme. The NFO opens for subscription on April 13, 2017 and closes on April 27, 2017. The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility of Central and State Government securities and other fixed income/ debt securities.


Sundaram Mutual Fund introduces Long Term Micro Cap Tax Advantage Series V


Sundaram Mutual Fund has launched the Sundaram Long Term Micro Cap Tax Advantage Series V, a close ended ELS scheme. The NFO opens for subscription on March 29, 2017 and closes on June 29, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500.The scheme’s performance will be benchmarked against Nifty Small Cap 100 and its fund managers are S Krishnakumar & Dwijendra Srivastava. The investment objective of the scheme is to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap. The investment will be eligible for Income tax benefit


Sundaram Mutual Fund introduces Hybrid Series U


Sundaram Mutual Fund has launched the Sundaram Hybrid Series U, a close ended income scheme. The NFO opens for subscription on April 17, 2017 and closes on April 26, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance where tenor of the scheme is up to 1100 days will be benchmarked against CRISIL Debt Hybrid 75 + 25% Nifty 50 Index, and where the tenor of the scheme is above 1100 days and up to 1830 days will be benchmarked against CRISILAAA Medium Term Bond Index (65%) + CRISILAA (10%) Medium Term Bond Index + Nifty 50 Index 25% and its fund managers are Dwijendra Srivastava, Siddharth Chaudhary, Shiv Chanani, and S Krishnakumar. The investment objective of the scheme is to generate capital appreciation and current income, through a judicious mix of investments in equities and fixed income securities.


UTI Mutual Fund introduces FTIF Series XXVI-XI (1105 Days)


UTI Mutual Fund has launched the UTI FTIF Series XXVI-XI (1105 Days), a close ended income scheme. The NFO opens for subscription on April 12, 2017 and closes on April 18, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The scheme’s performance will be benchmarked against CRISIL Composite Bond Index and its fund manager is Sunil Patil. The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme

 

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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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