New Debt Fund Offers from Aditya Birla Sun Life, HDFC, and Reliance

Aditya Birla Sun Life Mutual Fund
Scheme Name Aditya Birla Sun Life Fixed Term Plan – Series RL (1254 days)
Objective of Scheme The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 25-Oct-2018
New Fund Offer Closure Date 29-Oct-2018
Indicate Load Separately “Entry Load: Nil Exit Load: Nil No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.”
Minimum Subscription Amount Rs. 1,000/- and in multiples of Rs. 10/- thereafter
For Further Details Please Visit Website https://mutualfund.adityabirlacapital.com

 

HDFC Mutual Fund
Scheme Name HDFC FMP 1265D October 2018 (1)
Objective of Scheme The objective of the Plan(s) under the Scheme is to generate income through investments in Debt/Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). There is no assurance that the investment objective of the Scheme will be realized.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 25-Oct-2018
New Fund Earliest Closure Date 25-Oct-2018
New Fund Offer Closure Date 25-Oct-2018
Indicate Load Separately NA
Minimum Subscription Amount Rs. 5,000/-
For Further Details Please Visit Website www.hdfcfund.com

 

Reliance Mutual Fund
Scheme Name Reliance Fixed Horizon Fund XXXIX – Series 14
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 25-Oct-2018
New Fund Offer Closure Date 29-Oct-2018
Indicate Load Separately Entry & Exit Load – Nil
Minimum Subscription Amount Rs. 5,000/- and in multiples of Re. 1/-
For Further Details Please Visit Website www.reliancemutual.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

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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