New Debt and Hybrid Fund Offers from ICICI Pru, Kotak Mahindra, and Tata

Mutual Funds
ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Fixed Maturity Plan – Series 85 – 1197 Days Plan A
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 Debt – Income
New Fund Launch Date 10-Jan-2019
New Fund Offer Closure Date 15-Jan-2019
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

 

Kotak Mahindra Mutual Fund
Scheme Name Kotak Overnight Fund
Objective of Scheme The primary objective of the Scheme is to generate income through investment in debt & money market instruments having maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent). However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Scheme Type Open Ended
Scheme Category Debt Scheme – Overnight Fund
New Fund Launch Date 10-Jan-2019
New Fund Offer Closure Date 14-Jan-2019
Minimum Subscription Amount Rs.5000/-
For Further Details Please Visit Website assetmanagement.kotak.com

 

Tata Mutual Fund
Scheme Name Tata Balanced Advantage Fund
Objective of Scheme The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. 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 Hybrid Scheme – Dynamic Asset Allocation or Balanced Advantage
New Fund Launch Date 09-Jan-2019
New Fund Earliest Closure Date
New Fund Offer Closure Date 23-Jan-2019
Indicate Load Separately Entry Load: N.A. Exit Load: 1% of the applicable NAV, if redeemed on or before expiry of 365 days from the date of allotment.
Minimum Subscription Amount 5000/- and in multiple of Re.1/- thereafter.
For Further Details Please Visit Website www.tatamutualfund.com

Mutual Funds Based on Asset Class

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.

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.

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 are often listed for trade 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.

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