| Axis Mutual Fund | |
| Scheme Name | Axis Quant Fund |
| Objective of Scheme | To generate long-term capital appreciation by investing primarily in equity and equity related instruments selected based on a quantitative model. However, there can be 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 | 11-Jun-2021 |
| New Fund Offer Closure Date | 25-Jun-2021 |
| Indicate Load Separately | If redeemed / switched-out within 12 months – For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereof |
| For Further Details Please Visit Website | www.axismf.com |
| HDFC Mutual Fund | |
| Scheme Name | HDFC Banking and Financial Services Fund |
| Objective of Scheme | To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Sectoral/Thematic |
| New Fund Launch Date | 11-Jun-2021 |
| New Fund Earliest Closure Date | 25-Jun-2021 |
| New Fund Offer Closure Date | 30-Jun-2021 |
| Indicate Load Separately | Entry Load: NA Exit Load :l Exit load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment of units. l No Exit Load is payable if Units are redeemed/switched-out after 1 year from the date of allotment. |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | www.hdfcfund.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Sectorial Fund/Sector Fund: Sectoral funds invests the money of investors in businesses belonging to the same industry or sector. These funds let investors take exposure in specific sectors of the economy by putting all their money in companies of the same 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.
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.
