|Indiabulls Mutual Fund|
|Scheme Name||Indiabulls Nifty50 Exchange Traded Fund|
|Objective of Scheme||The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.|
|Scheme Type||Open Ended|
|Scheme Category||Other Scheme – Index Funds (ETF)|
|New Fund Launch Date||08-Apr-2019|
|New Fund Offer Closure Date||22-Apr-2019|
|Indicate Load Separately||Entry Load: Not Applicable Exit Load:For Creation Unit Size: No Exit load will be levied on redemptions made by Authorized Participants /Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Not Applicable -The Units of IBNIFTYETF in other than Creation Unit Size cannot ordinarily be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Exchange(s) where it is listed during the trading hours on all trading days|
|Minimum Subscription Amount||Through AMC: 50,000 units, Through Exchange: 1 unit|
|For Further Details Please Visit Website||www.indiabullsamc.com|
Source from: www.amfiindia.com
Types of Mutual Funds based on asset class
Exchange Traded Fund (ETF): An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur.
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 investing 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.