New debt fund offers from ICICI Prudential and PGIM

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Fixed Maturity Plan – Series 87 – 1148 Days Plan F
Objective of Scheme The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the maturity of the Scheme.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 28-Feb-2020
New Fund Earliest Closure Date
New Fund Offer Closure Date 04-Mar-2020
Indicate Load Separately Entry Load: Not Applicable. Exit Load: Since the Scheme will be listed on the stock exchange, exit load will not be applicable.
Minimum Subscription Amount Rs. 5,000/-
For Further Details Please Visit Website


PGIM India Mutual Fund
Scheme Name PGIM India Money Market Fund
Objective of Scheme The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Scheme Type Open Ended
Scheme Category Debt Scheme – Money Market Fund
New Fund Launch Date 28-Feb-2020
New Fund Earliest Closure Date
New Fund Offer Closure Date 05-Mar-2020
Indicate Load Separately Entry Load: Not Applicable Exit Load: Nil
Minimum Subscription Amount Initial Purchase — Minimum of Rs. 5,000/- and in m
For Further Details Please Visit Website

Source from:

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 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.

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