| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential India Equity FOF |
| Objective of Scheme | The primary objective of the Scheme is to generate returns by predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which invest in equity and equity related securities. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – FoF Domestic |
| New Fund Launch Date | 05-Feb-2020 |
| New Fund Offer Closure Date | 19-Feb-2020 |
| Indicate Load Separately | Entry Load: Not Applicable. Exit Load: If the amount sought to be redeemed or switched out within 12 months from allotment: 1.00% of applicable NAV. If the amount sought to be redeemed or switched out more than 12 months from allotment: Nil. |
| Minimum Subscription Amount | Rs. 5,000 |
| For Further Details Please Visit Website | www.icicipruamc.com |
| Nippon India Mutual Fund | |
| Scheme Name | Nippon India Fixed Horizon Fund – XLII – Series 2 |
| Objective of Scheme | The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility – Central and State Government securities and Other fixed income/debt securities However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 05-Feb-2020 |
| New Fund Offer Closure Date | 06-Feb-2020 |
| 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 | https://www.nipponindiamf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Fund of Funds: These funds are invest in other mutual funds and returns depend on the performance of the target fund. These funds can also be referred to as multi manager funds. These investments can be considered relatively safe because the funds that investors invest in actually hold other funds under them, thereby adjusting for risk from any one fund.
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.
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.
