| Nippon India Mutual Fund | |
| Scheme Name | Nippon India Nifty Small-Cap 250 Index Fund |
| Objective of Scheme | The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Small-Cap 250 Index before expenses, subject to tracking errors. 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 – Index Funds |
| New Fund Launch Date | 28-Sep-2020 |
| New Fund Offer Closure Date | 09-Oct-2020 |
| Indicate Load Separately | Entry Load – NIL, Exit Load – NIL |
| Minimum Subscription Amount | Rs.5,000/- and in multiples of Re.1/- thereafter |
| For Further Details Please Visit Website | www.nipponindiamf.com |
| Mirae Asset Mutual Fund | |
| Scheme Name | Mirae Asset Ultra Short Duration Fund |
| Objective of Scheme | The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Ultra Short Duration Fund |
| New Fund Launch Date | 28-Sep-2020 |
| New Fund Offer Closure Date | 06-Oct-2020 |
| Indicate Load Separately | Entry Load: Not Applicable Exit Load: NIL |
| Minimum Subscription Amount | Purchase Rs.5000/- and in multiples of Re.1/- |
| For Further Details Please Visit Website | www.miraeassetmf.co.in |
| Principal Mutual Fund | |
| Scheme Name | Principal Large Cap Fund |
| Objective of Scheme | To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Large Cap Fund |
| New Fund Launch Date | 28-Sep-2020 |
| New Fund Offer Closure Date | 12-Oct-2020 |
| Minimum Subscription Amount | Minimum application amount will be Rs.5,000/- for |
| For Further Details Please Visit Website | www.principalindia.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.
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.
Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.
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.
