SBI Mutual Funds Management has finally filed its initial papers with India's market regulator for launching a dedicated scheme for the real estate and related sector.

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