New debt fund offers from ICICI Prudential and SBI

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Fixed Maturity Plan – Series 86 – 1107 Days Plan G
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 17-07-2019
New Fund Offer Closure Date 17-07-2019
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 www.icicipruamc.com

 

SBI Mutual Fund
Scheme Name SBI Fixed Maturity Plan (FMP) Series 13 (1108 Days)
Objective of Scheme The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 16-07-2019
New Fund Offer Closure Date 22-07-2019
Indicate Load Separately 22-07-2019
Minimum Subscription Amount Rs.5,000/- and in multiples of Re.1/- thereafter
For Further Details Please Visit Website www.sbimf.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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.