New Open and Close Ended Mutual Funds From Mahindra and ICICI Prudential

Mahindra Mutual Fund
Scheme Name Mahindra Credit Risk Yojana
Objective of Scheme The investment objective of the Scheme is to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments while maintaining the optimum balance of yield, safety and liquidity. . However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Scheme Type Open Ended
Scheme Category Debt Scheme – Credit Risk Fund
New Fund Launch Date 27-Jul-2018
New Fund Offer Closure Date 10-Aug-2018
Indicate Load Separately Entry Load – Not applicable 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 the above limit shall be subject to the following exit load: -An exit load of 1% is payable if Units are redeemed / switched-out on or before completion of 12 month from the date of allotment of Units; -Nil-If Units are redeemed / switched-out after completion of 12 month from date of allotment
Minimum Subscription Amount Rs. 1,000 and in multiples of Re. 1/- thereafter
For Further Details Please Visit Website www.mahindramutualfund.com

 

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Fixed Maturity Plan – Series 83 – 1106 Days Plan U
Objective of Scheme The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
Scheme Type Close Ended
Scheme Category Income
New Fund Launch Date 27-Jul-2018
New Fund Offer Closure Date 01-Aug-2018
Indicate Load Separately Entry Load: Not Applicable. Exit Load: Since the Scheme will be listed on the stock exchange, exit load will not be applicable.
Minimum Subscription Amount Rs. 5,000/-
For Further Details Please Visit Website www.icicipruamc.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.