| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential Bank ETF |
| Objective of Scheme | The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 03-Jul-2019 |
| New Fund Offer Closure Date | 08-Jul-2019 |
| Indicate Load Separately | Entry Load: Not Applicable. Exit Load: There will be no exit load for units sold through the secondary market on the BSE/NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | www.icicipruamc.com |
| SBI Mutual Fund | |
| Scheme Name | SBI Fixed Maturity Plan (FMP) – Series 11 (1178 Days) |
| Objective of Scheme | The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 03-Jul-2019 |
| New Fund Earliest Closure Date | 08-Jul-2019 |
| New Fund Offer Closure Date | 08-Jul-2019 |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.sbimf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Debt Fund: 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 Traded Fund: An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.
Mutual Funds Based on Structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
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.
