| Baroda Mutual Fund | |
| Scheme Name | Baroda Business Cycle Fund |
| Objective of Scheme | The investment objective of the Scheme is to generate long term capital appreciation for investors by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the Scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Sectoral/ Thematic |
| New Fund Launch Date | 24-Aug-2021 |
| New Fund Offer Closure Date | 06-Sep-2021 |
| Indicate Load Separately | Entry Load: Not Applicable Exit Load: • Redemption/ switch out of units up to 10% of the units allotted before 1 year from the date of allotment: NIL • If units are redeemed over and above the 10% limit, before one year from the date of allotment: 1.00% of applicable NAV. • For redemption/switch out of units after 1 year from the date of allotment : NIL. |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | www.barodamf.com |
| Union Mutual Fund | |
| Scheme Name | Union Money Market Fund |
| Objective of Scheme | The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Money Market Fund |
| New Fund Launch Date | 24-Aug-2021 |
| New Fund Offer Closure Date | 25-Aug-2021 |
| Indicate Load Separately | Entry Load-NIL Exit Load-NIL |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Rs.1/- thereafter |
| For Further Details Please Visit Website | www.unionmf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Sectoral Funds: These are funds that invest in a particular sector of the market e.g. Infrastructure funds invest only in those instruments or companies that relate to the infrastructure sector. Returns are tied to the performance of the chosen sector. The risk involved in these schemes depends on the nature of the sector.
Thematic Fund: Thematic funds invest in stocks tied to a theme. These funds are more broad-based than sectoral fund, as they pick companies and sectors united by an idea. For instance, an infrastructure theme fund will invest in cement, power, steel, among other sectors.
Money Market Fund: is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries)
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.
