| HDFC Mutual Fund | |
| Scheme Name | HDFC NIFTY50 Equal Weight Index Fund |
| Objective of Scheme | To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY50 Equal Weight Index TRI (Underlying Index), subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 04-Aug-2021 |
| New Fund Earliest Closure Date | 13-Aug-2021 |
| New Fund Offer Closure Date | 13-Aug-2021 |
| Indicate Load Separately | Entry/Sales Load: NA Exit/Redemption Load: NIL |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | www.hdfcfund.com |
| UTI Mutual Fund | |
| Scheme Name | UTI Focused Equity Fund |
| Objective of Scheme | The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Focused Fund |
| New Fund Launch Date | 04-Aug-2021 |
| New Fund Earliest Closure Date | 18-Aug-2021 |
| New Fund Offer Closure Date | 18-Aug-2021 |
| Indicate Load Separately | Entry Load – Nil, Exit Load 1% if redeemed with in 1 year |
| Minimum Subscription Amount | Initial investment is Rs.5,000/- & in multiple of Rs.1/- |
| For Further Details Please Visit Website | www.utimf.com |
| Mirae Asset Mutual Fund | |
| Scheme Name | Mirae Asset Money Market Fund |
| Objective of Scheme | The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Money Market Fund |
| New Fund Launch Date | 04-Aug-2021 |
| New Fund Offer Closure Date | 10-Aug-2021 |
| Indicate Load Separately | Entry Load: Not Applicable: Exit Load: Nil |
| Minimum Subscription Amount | a minimum investment of Rs.5,000/- |
| For Further Details Please Visit Website | www.miraeassetmf.co.in |
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.
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 Nifty 50.
Money Market Fund: is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries)
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.
