| SBI Mutual Fund | |
| Scheme Name | SBI International Access – US Equity FoF |
| Objective of Scheme | The scheme seeks to provide long term capital appreciation by investing in units of one or more mutual fund schemes / ETF, which are domiciled overseas and predominantly invest in US markets. However, there can be no assurance that the investment objective of the scheme would be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – FoF Overseas |
| New Fund Launch Date | 01-Mar-2021 |
| New Fund Earliest Closure Date | 15-Mar-2021 |
| New Fund Offer Closure Date | 15-Mar-2021 |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.sbimf.com |
| Invesco Mutual Fund | |
| Scheme Name | Invesco India ESG Equity Fund |
| Objective of Scheme | To generate capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of companies which are selected based on Environmental, Social and Governance (ESG) criteria as defined by our proprietary investment framework. 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 | Equity Scheme – Sectoral/ Thematic |
| New Fund Launch Date | 26-Feb-2021 |
| New Fund Offer Closure Date | 12-Mar-2021 |
| Minimum Subscription Amount | Rs.1,000/- per application and in multiples of Re |
| For Further Details Please Visit Website | www.invescomutualfund.com |
| Kotak Mahindra Mutual Fund | |
| Scheme Name | Kotak IT ETF |
| Objective of Scheme | The investment objective of the scheme is to replicate the composition of the NIFTY IT Index and to generate returns that are commensurate with the performance of the NIFTY IT Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 26-Feb-2021 |
| New Fund Offer Closure Date | 01-Mar-2021 |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | assetmanagement.kotak.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
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
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.
