NEW FUND OFFER
Pramerica Mutual Fund has filed offer document with Sebi to launch Pramerica Capital Protection Oriented Fund – Series 3 (12 Months), a close ended capital protection oriented scheme. The tenure of the scheme will be 12 months from the date of allotment. The Scheme’s portfolio structure has been rated A1+(so) by CRISIL. The objective of the Scheme is to protect the capital by investing in high quality debt and money market instruments and generate capital appreciation by investing in equities through NIFTY (Index) Call Options.
News Source – NAV INDIA.
NEW FUND LAUNCH
Birla Sun Life Mutual Fund has launched a new fund namely, Birla Sun Life FTP – Series DK, a close ended income scheme. The new issue will be open for subscription from 9th August to 16th August 2011.
News Source – MUTUAL FUND INDIA