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Axis Mutual Fund files offer document for AAA Bond Plus SDL ETF - 2026 Maturity
Type: MUTUAL FUNDS
Date: 27-Jan-2021 12:00 AM
Axis Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘Axis AAA Bond Plus SDL ETF - 2026 Maturity. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty AAA Bond Plus SDL Apr 2026 50:50 Index. The minimum application amount for initial purchase is Rs 5,000/- and in multiples of Rs 1 thereof.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the securities as represented by the Nifty AAA Bond Plus SDL Apr 2026 50:50 Index, subject to tracking errors.

ICICI Pru MF declares dividend under Medium Term Bond Fund
Type: MUTUAL FUNDS
Date: 25-Jan-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Medium Term Bond Fund. The record date for the same is January 28, 2021. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.1779 under Quarterly Dividend, and Rs 0.2076 under Direct Plan-Quarterly Dividend.





SBI MF introduces Retirement Benefit Fund
Type: MUTUAL FUNDS
Date: 20-Jan-2021 12:00 AM

SBI Mutual Fund (MF) has launched the SBI Retirement Benefit Fund, an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The NFO opens for subscription on January 20, 2021 and closes on February 03, 2021. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The Scheme offers 4 Investment Plans: Aggressive, Aggressive Hybrid, Conservative Hybrid and Conservative. Each Plan will have different benchmark. For the SBI Retirement Benefit Fund Aggressive plan it will be benchmarked against its performance to S&P BSE 500 TRI, for SBI Retirement Benefit Fund Aggressive Hybrid Plan- CRISIL Hybrid 35+65-Aggressive Index, for SBI Retirement Benefit Fund Conservative Hybrid plan- CRISIL Hybrid 65+35 – Conservative Index, and for SBI Retirement Benefit Fund Conservative plan- NIFTY Composite Debt Index and its fund managers are Dinesh Ahuja (for debt portion), Gaurav Mehta (for equity portion) and Mohit Jain is the dedicated fund manager for managing overseas investments.

The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes.



ICICI Pru MF declares dividend under All Seasons Bond Fund
Type: MUTUAL FUNDS
Date: 20-Jan-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential All Seasons Bond Fund. The record date for the same is January 25, 2021. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.1798 under Quarterly Dividend, and Rs 0.2055 under Direct Plan-Quarterly Dividend.

Nippon India MF introduces Asset Allocator FoF
Type: MUTUAL FUNDS
Date: 18-Jan-2021 12:00 AM

Nippon India Mutual Fund (MF) has launched the Nippon India Asset Allocator FoF, an open-ended fund of funds scheme investing in equity-oriented schemes, debt-oriented schemes and gold ETF of Nippon India Mutual Fund. The NFO opens for subscription on January 18, 2021 and closes on February 01, 2021. Entry load will be not applicable for the scheme. 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 such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units and Nil, thereafter. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against its performance to CRISIL Hybrid 50 + 50 - Moderate Index and its fund managers are Prashant Pimple and Ashutosh Bhargava.

The primary investment objective of the Scheme is to seek long term capital growth by investing in units of equity-oriented schemes, debt-oriented schemes and gold ETF of Nippon India Mutual Fund.

Kotak Mahindra MF introduces NASDAQ 100 Fund of Fund
Type: MUTUAL FUNDS
Date: 11-Jan-2021 12:00 AM

Kotak Mahindra Mutual Fund (MF) has launched the Kotak NASDAQ 100 Fund of Fund, an open-ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index. The NFO opens for subscription on January 11, 2021 and closes on January 25, 2021. Entry load and Exit load will be nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 for purchase and Re 0.01 for switches.

The scheme’s performance will be benchmarked against its performance to NASDAQ 100 TRI and its fund managers are Arjun Khanna and Abhishek Bisen.

The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 Index.


HSBC Mutual Fund files offer document for Global Equity Climate Change Fund
Type: MUTUAL FUNDS
Date: 11-Jan-2021 12:00 AM
HSBC Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘HSBC Global Equity Climate Change Fund. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load for In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment; No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from the date of allotment. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by MSCI AC World TRI. The minimum application amount for initial purchase is Rs 500 each and above per month.
The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds – Global Equity Climate Change Fund (HGECCF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements from time to time.

ICICI Pru AMC announces change in Creation unit sizes under Gold ETF
Type: MUTUAL FUNDS
Date: 08-Jan-2021 12:00 AM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Gold ETF.

As per the announcement, ICICI Prudential Mutual Fund has approved the change in creation unit sizes of the Gold ETF (the scheme) with effect from January 11, 2021. The existing Creation unit size is 1,00,000 units. The revised Creation unit size will be, 1,10,000 units.

All the other provisions of the SID and KIM of the scheme, except as specifically modified herein above remain unchanged.


 

ICICI Pru AMC announces change in Creation unit sizes under NIFTY Next 50 ETF
Type: MUTUAL FUNDS
Date: 08-Jan-2021 12:00 AM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential NIFTY Next 50 ETF.

As per the announcement, ICICI Prudential Mutual Fund has approved the change in creation unit sizes of the NIFTY Next 50 ETF (the scheme) with effect from January 11, 2021. The existing Creation unit size is 50,000 units. The revised Creation unit size will be, 1,00,000 units.

All the other provisions of the SID and KIM of the scheme, except as specifically modified herein above remain unchanged.

ICICI Pru AMC announces change in Creation unit sizes under IT ETF
Type: MUTUAL FUNDS
Date: 08-Jan-2021 12:00 AM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential IT ETF.

As per the announcement, ICICI Prudential Mutual Fund has approved the change in creation unit sizes of the IT ETF (the scheme) with effect from January 11, 2021. The existing Creation unit size is 5,000 units. The revised Creation unit size will be 10,000 units.

All the other provisions of the SID and KIM of the scheme, except as specifically modified herein above remain unchanged.


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