New debt fund offer from Mahindra

Mahindra Mutual Fund
Scheme Name Mahindra Ultra Short Term Yojana
Objective of Scheme The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 – 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Scheme Type Open Ended
Scheme Category Debt Scheme – Ultra Short Duration Fund
New Fund Launch Date 10-Oct-2019
New Fund Offer Closure Date 16-Oct-2019
Indicate Load Separately Entry Load – Not applicable Exit Load: Nil
Minimum Subscription Amount Rs. 1,000 and in multiples of Re. 1/- thereafter
For Further Details Please Visit Website www.mahindramutualfund.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.

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 investing 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.

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