| Axis Mutual Fund | |
| Scheme Name | Axis Fixed Term Plan – Series 105 (1128 Days) |
| Objective of Scheme | The Scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme. 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 | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 10-Apr-2019 |
| New Fund Earliest Closure Date | 15-Apr-2019 |
| New Fund Offer Closure Date | 15-Apr-2019 |
| Indicate Load Separately | Entry Load: NA Exit Load: Nil |
| Minimum Subscription Amount | Rs. 5,000/- and in multiples of Rs. 10/- thereafter |
| For Further Details Please Visit Website | www.axismf.com |
| BNP Paribas Mutual Fund | |
| Scheme Name | BNP Paribas Overnight Fund |
| Objective of Scheme | The primary investment objective of the Scheme is to generate regular returns in line with investments in overnight securities maturing on or before next business day. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee / indicate any returns. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Overnight Fund |
| New Fund Launch Date | 10-Apr-2019 |
| New Fund Offer Closure Date | 11-Apr-2019 |
| 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 | www.bnpparibasmf.in |
Source from: www.amfiindia.com
Types of Mutual Funds based on asset class
Debt Funds: 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.
Types of 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.
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 is often listed for trading 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.
