Extension Of NFO Of ICICI FMP Series 44-Fifteen Months Plan - June 5, 2008

ICICI Mutual Fund has extended the offer period for ICICI Fixed Maturity Plan Series 44-Fifteen Months Plan. Now the offer would close on 11 June 2008 instead of 5 June 2008. The scheme is a close-ended debt scheme. The investment objective of the plan is to generate returns by investing in a portfolio of fixed income securities / debt instruments normally maturing in line with the time profile of the scheme. Being a close-ended scheme it cannot charge any entry load on subscription received. The scheme charges an exit load of 2.00% for redemption made during the repurchase facility period.

Reliance MF Launches New Fixed Horizon Fund Series

Reliance MF unveiled Reliance Fixed Horizon Fund -VII-Series 4. It is a close-ended income scheme. Duration of the scheme is 386 days from the date of allotment. The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the series with the objective of limiting interest rate volatility.