| Axis Mutual Fund | |
| Scheme Name | Axis Fixed Term Plan – Series 97 (1116 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 | 06-Sep-2018 |
| New Fund Offer Closure Date | 10-Sep-2018 |
| 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 |
| SBI Mutual Fund | |
| Scheme Name | SBI Debt Fund Series C – 24 (1100 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 | 06-Sep-2018 |
| New Fund Earliest Closure Date | 06-Sep-2018 |
| New Fund Offer Closure Date | 10-Sep-2018 |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.sbimf.com |
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.
Based on Structure:
Close-Ended: 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.
