New debt and ELSS fund offers from L&T and Sundaram

L&T Mutual Fund
Scheme Name L&T FMP Series XVIII – Plan A
Objective of Scheme To achieve growth of capital through investments made in a basket of debt/fixed income securities, (including money market instruments),ac government securities and state development loans (SDLs) maturing on or before the maturity of the Scheme. There is no assurance that the objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 25-Sep-2018
New Fund Offer Closure Date 27-Sep-2018
Indicate Load Separately Entry Load – Nil Exit Load – Nil
Minimum Subscription Amount Rs.5,000/- and in multiples of Re.1/- thereafter
For Further Details Please Visit Website


Sundaram Mutual Fund
Scheme Name Sundaram Long Term Tax Advantage Fund Series VI
Objective of Scheme the investment objective of the scheme is to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap. the investment will be eligible for Income tax benefit.
Scheme Type Close Ended
Scheme Category  Equity – ELSS
New Fund Launch Date 25-Sep-2018
New Fund Offer Closure Date 24-Dec-2018
Indicate Load Separately ENTRY LOAD NIL EXIT LOAD NA
Minimum Subscription Amount Rs.5,000/-
For Further Details Please Visit Website


Mutual Funds based on asset class

Debt Funds: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs. 10,000 then the investor is liable to pay the tax on it himself.

Equity Linked Savings Scheme/Tax-Saving Funds (ELSS): These are funds that invest primarily in equity shares. Investments made in these funds qualify for deductions under the Income Tax Act. They are considered high on risk but also offer high returns if the fund performs well and minimum lock in period 3 years.

Mutual Funds based on structure

Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes are often listed for trade on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.

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