| Nippon India Mutual Fund | |
| Scheme Name | Nippon India Asset Allocator FoF |
| Objective of Scheme | The primary investment objective of the Scheme is to seek long term capital growth by investing in units of equity oriented schemes, debt oriented schemes and gold ETF of Nippon India Mutual Fund. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – FoF Domestic |
| New Fund Launch Date | 18-Jan-2021 |
| New Fund Offer Closure Date | 01-Feb-2021 |
| Indicate Load Separately | Entry Load – NA Exit Load – 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter |
| Minimum Subscription Amount | Rs.5,000 and in multiples of Re.1 thereafter |
| For Further Details Please Visit Website | mf.nipponindiaim.com |
| PGIM India Mutual Fund | |
| Scheme Name | PGIM India Balanced Advantage Fund |
| Objective of Scheme | To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns. |
| Scheme Type | Open Ended |
| Scheme Category | Hybrid Scheme – Dynamic Asset Allocation or Balanced Advantage |
| New Fund Launch Date | 15-Jan-2021 |
| New Fund Offer Closure Date | 29-Jan-2021 |
| Indicate Load Separately | Entry Load – NA, Exit Load: • 10% of the units allotted may be redeemed/switched-out to debt schemes without any exit load within 90 days from the date of allotment; • Any redemptions/switch-outs in excess of the abovementioned limit would be subject to an exit load of 0.50%, if the units are redeemed / switched-out to debt schemes within 90 days from the date of allotment of units; • Nil – If the units are redeemed/ switched-out after 90 days from the date of allotment of units; |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.pgimindiamf.com |
| Trust Mutual Fund | |
| Scheme Name | Trust MF Banking & PSU Debt Fund |
| Objective of Scheme | To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realized. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Banking and PSU Fund |
| New Fund Launch Date | 15-Jan-2021 |
| New Fund Earliest Closure Date | 27-Jan-2021 |
| New Fund Offer Closure Date | 27-Jan-2021 |
| Indicate Load Separately | None |
| Minimum Subscription Amount | Rs.1,000/- |
| For Further Details Please Visit Website | www.trustmf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Fund of Funds: These funds are invest in other mutual funds and returns depend on the performance of the target fund. These funds can also be referred to as multi manager funds. These investments can be considered relatively safe because the funds that investors invest in actually hold other funds under them, thereby adjusting for risk from any one fund.
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.
Hybrid Fund: Is an investment fund that is characterized by diversification among two or more asset classes. These funds typically invest in a mix of stocks and bonds. They may also be known as asset allocation funds.
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.
