| ICICI Prudential Commodities Fund | |
| Mutual Fund | ICICI Prudential Mutual Fund |
| Scheme Name | ICICI Prudential Commodities Fund |
| Objective of Scheme | To generate long-term capital appreciation by creating a portfolio that is invested predominantly in Equity and Equity related securities of companies engaged in commodity and commodity related sectors. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Sectoral / Thematic |
| New Fund Launch Date | 25-Sep-2019 |
| New Fund Offer Closure Date | 09-Oct-2019 |
| Indicate Load Separately | ENTRY LOAD: Not Applicable. EXIT LOAD: 1 % of applicable Net Asset Value – If the amount sought to be redeemed or switch out is invested for a period of up to twelve months from the date of allotment NIL – If the amount sought to be redeemed or switch out is invested for a period of more than twelve months from the date of allotment |
| Minimum Subscription Amount | Rs. 5,000/- (plus in multiple of Re. 1) |
| For Further Details Please Visit Website | www.icicipruamc.com |
| Tata Banking & PSU Debt Fund | |
| Mutual Fund | Tata Mutual Fund |
| Scheme Name | Tata Banking & PSU Debt FUnd |
| Objective of Scheme | The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks,Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. 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 | Open Ended |
| Scheme Category | Debt Scheme – Banking and PSU Fund |
| New Fund Launch Date | 19-Sep-2019 |
| New Fund Offer Closure Date | 03-Oct-2019 |
| Indicate Load Separately | Entry Load: N.A. Exit Load: NIL |
| Minimum Subscription Amount | Rs. 5,000/- & in multiples of Rs.1/- |
| For Further Details Please Visit Website | www.tatamutualfund.com |
| ICICI Prudential Global Advantage Fund | |
| Mutual Fund | ICICI Prudential Mutual Fund |
| Scheme Name | ICICI Prudential Global Advantage Fund |
| Objective of Scheme | ICICI Prudential Global Advantage Fund (the Scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – FoF Domestic |
| New Fund Launch Date | 16-Sep-2019 |
| New Fund Offer Closure Date | 20-Sep-2019 |
| Indicate Load Separately | Entry Load: Not Applicable. Exit Load: a) Upto 12 months from allotment: 1% of applicable NAV b)More than 12 months: Nil |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter. |
| For Further Details Please Visit Website | www.icicipruamc.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.
Equity Fund or Stock Fund: is a fund that invests in stocks, also called equity securities.Stock funds can be contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital gains, although historically dividends have also been an important source of total return. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.
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.
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.
