| Aditya Birla Sun Life Mutual Fund | |
| Scheme Name | Aditya Birla Sun Life Fixed Term Plan – Series SN (1099 days) |
| Objective of Scheme | The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 26-Apr-2019 |
| New Fund Offer Closure Date | 06-May-2019 |
| Indicate Load Separately | Entry Load: Nil Exit Load: Nil No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode. |
| Minimum Subscription Amount | Rs. 1,000/- and in multiples of Rs.10/- thereafter |
| For Further Details Please Visit Website | https://mutualfund.adityabirlacapital.com |
| Indiabulls Mutual Fund | |
| Scheme Name | Indiabulls Banking & PSU Debt Fund |
| Objective of Scheme | To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme(s) does not assure or guarantee any returns. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Banking and PSU Fund |
| New Fund Launch Date | 25-Apr-2019 |
| New Fund Offer Closure Date | 09-May-2019 |
| Indicate Load Separately | Entry: Not Applicable Exit: Redemption/Switch on or before 3 days of subscription: 0.25% Post completion of 3 days: Nil |
| Minimum Subscription Amount | Rs. 500/- and in multiples of Re. 1/- thereafter |
| For Further Details Please Visit Website | www.indiabullsamc.com |
| ITI Mutual Fund | |
| Scheme Name | ITI Multi Cap Fund |
| Objective of Scheme | The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio that predominantly invests in equity and equity-related securities of companies across various market capitalization. However, there can be no assurance that the investment objective of the Scheme will be realized |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Multi Cap Fund |
| New Fund Launch Date | 25-Apr-2019 |
| New Fund Earliest Closure Date | 09-May-2019 |
| New Fund Offer Closure Date | 09-May-2019 |
| Indicate Load Separately | Entry Load – Not applicable Exit Load: • Within 12 (twelve) months from the date of allotment in respect of Purchase made other than through SIP; and within 12 (twelve) months from the date of allotment in respect of each Purchase made through SIP – 1%. Beyond 12 (twelve) months from the date of allotment – NIL. A switch-out under Systematic Transfer Plan (“STP”) or a withdrawal under Systematic Withdrawal Plan (“SWP”) shall also attract an Exit Load like any Redemption. |
| Minimum Subscription Amount | Rs. 1,000/- |
| For Further Details Please Visit Website | www.itimf.com |
| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential Fixed Maturity Plan – Series 86 – 1099 Days Plan B |
| 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 | 24-Apr-2019 |
| New Fund Offer Closure Date | 30-Apr-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 |
| ITI Mutual Fund | |
| Scheme Name | ITI Liquid Fund |
| Objective of Scheme | The investment objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be realised |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Liquid Fund |
| New Fund Launch Date | 24-Apr-2019 |
| New Fund Earliest Closure Date | 24-Apr-2019 |
| New Fund Offer Closure Date | 24-Apr-2019 |
| Indicate Load Separately | NIL |
| Minimum Subscription Amount | Rs. 5,000/- |
| For Further Details Please Visit Website | www.itimf.com |
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.
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.
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.
