New debt and interval fund offers from AB Sunlife, ICICI Pru, Invesco, and UTI

Mutual Funds
Aditya Birla Sun Life Mutual Fund
Scheme Name Aditya Birla Sun Life Fixed Term Plan – Series SK (1128 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.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 12-Mar-2019
New Fund Offer Closure Date 18-Mar-2019
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

 

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Fixed Maturity Plan – Series 85 – 10 Years Plan I
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 12-Mar-2019
New Fund Offer Closure Date 14-Mar-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

 

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Interval Fund – Series IX – 93 Days Plan E
Objective of Scheme The investment objective of the Scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).
Scheme Type Interval Fund
Scheme Category Debt & Equity – Income
New Fund Launch Date 12-Mar-2019
New Fund Offer Closure Date 18-Mar-2019
Indicate Load Separately Entry Load: Not Applicable. Exit Load: Being a listed scheme, no exit load will be applicable.
Minimum Subscription Amount Rs.5,000/-
For Further Details Please Visit Website www.icicipruamc.com

 

Invesco Mutual Fund
Scheme Name Invesco India Fixed Maturity Plan – Series 34 – Plan A
Objective of Scheme To generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme. 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 Close Ended
Scheme Category Debt – Income
New Fund Launch Date 12-Mar-2019
New Fund Offer Closure Date 13-Mar-2019
Indicate Load Separately Entry Load: Nil; Exit Load: Not Applicable
Minimum Subscription Amount Rs.5,000/- and in multiples of Re.10/- thereafter
For Further Details Please Visit Website www.invescomutualfund.com

 

UTI Mutual Fund
Scheme Name UTI – Fixed Term Income Fund Series XXXI-IX (1168 Days)
Objective of Scheme The scheme aims to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 12-Mar-2019
New Fund Offer Closure Date 26-Mar-2019
Indicate Load Separately Entry Load- Nil, Exit Load- Nil
Minimum Subscription Amount Rs.5,000/- and in multiple of Rs.10/-
For Further Details Please Visit Website www.utimf.com

Source from: www.amfiindia.com

Types of Mutual Funds based on asset class

Debt Funds: 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.

Interval Funds: These are funds that have the features of open-ended and close-ended funds in that they are open for repurchase of shares at different intervals during the fund tenure. The fund management company offers to repurchase units from existing unit holders during these intervals. If unit holders wish to they can offload shares in favor of the fund.

Types of Mutual Funds based on structure

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.

Leave a Reply

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