| Aditya Birla Sun Life Mutual Fund | |
| Scheme Name | Aditya Birla Sun Life Fixed Term Plan – Series TJ (1838 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. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved. |
| Scheme Type | Close Ended |
| Scheme Category | Income |
| New Fund Launch Date | 12-Jul-2021 |
| New Fund Offer Closure Date | 15-Jul-2021 |
| 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 |
| PGIM India Mutual Fund | |
| Scheme Name | PGIM India Small Cap Fund |
| Objective of Scheme | To achieve long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies. 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 | Equity Scheme – Small Cap Fund |
| New Fund Launch Date | 09-Jul-2021 |
| New Fund Offer Closure Date | 23-Jul-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; Please refer SID |
| Minimum Subscription Amount | Rs.5000/- & in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.pgimindiamf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Small Cap Fund: In this fund, Fund Manager invests 80% of assets into small cap companies which are below the 250th rank in terms of market capitalization. These companies market capitalization of less than Rs.500 crores.
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 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.
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.
