LIVE MARKET TRACKER :   BSE SENSEX   26315.78      |    NSE NIFTY 7871.35    
GLOBAL MARKETS :  NASDAQ 4527.514   +0.43%    |    FSI London 6756.38   -0.34%    |    NIKKEI Japan 15454.45   +0.03%
  USD GBP EUR CAD AUD INR
USD - 0.6005 0.7523 1.0953 1.077 60.70
GBP 1.6653 - 1.2529 1.824 1.7935 101.0861
EUR 1.3293 0.7983 - 1.456 1.4316 80.6873
CAD 0.9131 0.5483 0.6869 - 0.9833 55.4227
AUD 0.929 0.5579 0.6989 1.0176 - 56.3927
INR 0.0165 0.0099 0.0124 0.018 0.0177 -
Indian-Commodity  :  Mutual Funds  :  Kotak Mahindra MF introduces FMP Series 98 (465 Days)

Kotak Mahindra MF introduces FMP Series 98 (465 Days) (20-Dec-2012)

Kotak Mahindra Mutual Fund has launched the New Fund Offer (NFO) of Kotak FMP Series 98 (465 Days), a close ended income scheme. The NFO opens for subscription on December 20, 2012 and closes on December 26, 2012. No entry/exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5000.

The scheme's performance will be benchmarked against CRISIL Short Term Bond Index and its fund managers are Mayank Prakash and Abhishek Bisen.

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. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.


Top News Today
RBI's chief hopes record foreign exchange to act as cushion against rupee volatility
(12-Aug-2014)

RBIReserve Bank of India's governor, Raghuram Rajan has expressed hopes that record foreign exchange reserves would act as a cushion against rupee volatility when global interest rates begin to climb. He......click on news to read complete article.

RBI to cut down 'pre-emptions' to ensure efficiency in financial system: Raghuram Rajan
(07-Aug-2014)

RBI to cut down A day after RBI lowered the mandatory government bond holding requirements for banks, i.e. Statutory Liquidity Ratio (SLR), its governor unveiled that the central bank was planning to reduce the amount......click on news to read complete article.

RBI likely to hold rates in its third bi-monthly monetary policy review
(05-Aug-2014)

RBI likely to hold rates in its third bi-monthly monetary policy reviewReserve Bank of India (RBI) is expected to leave its key policy rates unchanged, when it reviews its monetary policy as part of its bi-monthly exercise. However, RBI governor, Raghuram Rajan could prepare......click on news to read complete article.

International Stock News
US markets gain on encouraging economic report
(20-Aug-2014)

US markets gain on encouraging economic reportThe US markets closed higher on Tuesday, as concerns over global crises gave way to optimism that central banks will continue to accommodate a recovering economy along with a better-than-expected jump......click on news to read complete article.

US markets gain on encouraging economic report
(20-Aug-2014)

US markets gain on encouraging economic reportThe US markets closed higher on Tuesday, as concerns over global crises gave way to optimism that central banks will continue to accommodate a recovering economy along with a better-than-expected jump......click on news to read complete article.

US markets surge; Nasdaq at 14-year high
(19-Aug-2014)

US markets surge; Nasdaq at 14-year highThe US markets finished with strong gains on Monday, with Nasdaq closing at 14-year high, helped by easing Ukraine-Russia tensions. Foreign ministers from Ukraine and Russia met over the weekend, and an......click on news to read complete article.

 

     
  
Recent Mutual Funds News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.