Quantum Mutual Fund has introduced daily and weekly systematic transfer plan (STP) facility for Quantum Liquid Fund. The STP mode will allow a minimum contribution of Rs 100 under the daily plan and Rs 500 for the weekly plan. An investor can opt for at least 132 installments in case of daily plan and 24 in case of the weekly one. Birla Sun Life MF launches Capital Protection Oriented Fund Birla Sun Life Mutual Fund has launched Birla Sun Life Capital Protection Oriented Fund - Series 2,a new close-ended capital protection oriented scheme. The scheme will be open for subscription from April 21 to May 21. The scheme will invest in fixed income securities and also in equity and equity-related instruments. It plans to allocate 80 to 100 per cent of assets in debt securities and money market instruments with low to medium risk profile and up to 20 per cent in equities. The scheme does not charge any entry or exit load and allows a minimum application amount of Rs 5,000. It will be managed by Satyabrata Mohanty and benchmarked against CRISIL MIP Blended Fund Index. Reliance MF changes key features of fund Reliance Mutual Fund is making some key changes to Reliance Floating Rate Fund. The scheme,which was until now working as an open-ended liquid scheme,will now be changed into an open-ended income scheme. It will be renamed as Reliance Floating Rate Fund - Short Term Plan. The changes are effective from May 24. The scheme will now allow a minimum contribution of Rs 5,000 and allocate 25 per cent to 100 per cent in money market instruments and floating rate debt securities and up to 75 per cent of its assets in fixed rate debt securities. Existing investors have an option to either redeem or switch their units during April 21 and May 22,without paying any exit load. DSP BlackRock MF launches Focus 25 Fund DSP BlackRock Mutual Fund has launched DSP BlackRock Focus 25 Fund,a new open-ended equity growth scheme. The portfolio will limit its exposure to companies beyond the top 200 companies by market capitalisation upto 20 per cent of the net asset value. The scheme will hold equity and equity-related securities including equity derivatives,of up to 25 companies. It will also have at least 95 per cent of the invested amount across the top 25 holdings in the portfolio. The scheme is open for subscription from April 23 to May 21. It will charge an exit load of 1 per cent and allow minimum subscription of Rs 5,000. Focus 25 will be managed by Apoorva Shah and Vinit Sambre and benchmarked against BSE Sensex.
