| Mahindra Mutual Fund | |
| Scheme Name | Mahindra Top 250 Nivesh Yojana |
| Objective of Scheme | The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved |
| Scheme Type | Open Ended |
| Scheme Category | Equity scheme – Large & Mid Cap Fund |
| New Fund Launch Date | 06-Dec-2019 |
| New Fund Offer Closure Date | 20-Dec-2019 |
| Indicate Load Seperately | Entry Load – Not Applicable Exit Load: – An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment; Nil if Units are redeemed / switched-out after 1 year from the date of allotment. |
| Minimum Subscription Amount | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| For Further Details Please Visit Website | www.mahindramutualfund.com |
| Principal Mutual Fund | |
| Scheme Name | Principal Midcap Fund |
| Objective of Scheme | To generate long term capital appreciation by predominantly investing in equity and equity related instruments of midcap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Mid Cap Fund |
| New Fund Launch Date | 06-Dec-2019 |
| New Fund Offer Closure Date | 20-Dec-2019 |
| Indicate Load Seperately | Entry Load: Not Applicable Exit Load: If redeemed/ switched on or before 365 days from the date of allotment: • Nil for redemption/ switch out of units upto 20% of the units allotted (the limit) • 1% on redemption in excess of 20% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter |
| Minimum Subscription Amount | Rs.5000/- |
| For Further Details Please Visit Website | www.principalindia.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.
