One of India’s leading mutual funds, DSP Merrill Lynch Mutual Fund has launched a fund “DSP Merrill Lynch Fixed Maturity Plan” (12 ½ Months Series 1) in India market.

The newly launched fund will be a close-ended income schemes, with maturity profile of 12½ months.

The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.

It is envisaged that the portfolio will display a maturity profile that is generally in line with the Term of the scheme. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market.

United Bank of India (UBI) has decided to join hands with Kotak Mahindra

Finally, Infrastructure Development Finance Co Ltd (IDFC) has been announced as the winner for adopti

Kotak Mahindra Asset Management Company has entered into a distribution tie-up with banking major Oriental Bank of Commerce (OBC).

Capital market controller Securities and Exchange Board of India (SEBI) has directed all fund houses to raise the time limit they spend on risk warnings to investors in their radio as well as telev