Edelweiss AMC announces change in exit load structure
Type: MUTUAL FUNDS
Date: 17-May-2024 12:00 AM

Edelweiss Asset Management Company (AMC) has announced notice cum addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of schemes of Edelweiss Mutual Fund.

Edelweiss Mutual Fund has informed that the Exit Load structure of the ‘Edelweiss Nifty Alpha Low Volatility 30 Index Fund’ scheme of Edelweiss Mutual Fund will be revised from ‘Nil’ to ‘If the units are redeemed/switched out on or before 15 days from the date of allotment-0.10%; If the units are redeemed/switched out after 15 days from the date of allotment-Nil’, with effect from May 21, 2024.

This notice-cum-addendum forms an integral part of the SID, KIM and SAI of the schemes of the Fund as amended from time to time. All other features and terms & conditions shall remain unchanged.


Samco MF introduces Special Opportunities Fund
Type: MUTUAL FUNDS
Date: 17-May-2024 12:00 AM

Samco Mutual Fund has launched Samco Special Opportunities Fund, an open-ended equity scheme following special situation’s theme. The NFO opens for subscription on May 17, 2024 and closes on May 31, 2024. The Entry load is nil for the scheme. The Exit load will be 2.00% - if the investment is redeemed or switched out on or before 365 days from the date of allotment of units and No Exit Load will be charged if investment is redeemed or switched out after 365 days from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.

The performance of the Scheme is measured against NIFTY 500 TRI and its fund managers are Paras Matalia, Umeshkumar Mehta and Dhawal Ghanshyam Dhanani.

The investment objective of the scheme is to achieve long-term capital appreciation by investing in a portfolio of securities that are involved in special situations such as restructurings, turnarounds, spin-offs, mergers & acquisitions, new trends, new & emerging sectors, digitization, premiumization, and other special corporate actions. These situations often create mispricings and undervalued opportunities that the fund aims to exploit for potential capital appreciation.
 
 


SBI MF introduces Automotive Opportunities Fund
Type: MUTUAL FUNDS
Date: 17-May-2024 12:00 AM

SBI Mutual Fund has launched SBI Automotive Opportunities Fund, an open-ended equity scheme following automotive & allied business activities theme. The NFO opens for subscription on May 17, 2024 and closes on May 31, 2024. The Entry load is nil for the scheme. The Exit load will be 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 1 year from the date of allotment and nil -If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1/- thereafter.

The performance of the Scheme is measured against Nifty Auto TRI and its fund managers are Tanmay Desai and Pradeep Kesavan.

The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested in equity and equity related instruments of companies engaged in automotive & allied business activities theme.


HDFC MF announces IDCW record date under Charity Fund for Cancer Cure
Type: MUTUAL FUNDS
Date: 16-May-2024 12:00 AM

HDFC Mutual Fund (MF) has informed that HDFC Trustee Company, the Trustee to HDFC Mutual Fund approved the Distribution under Income Distribution cum Capital Withdrawal (IDCW) Option of HDFC Charity Fund for Cancer Cure (A Fixed Maturity Plan), a Close Ended Income Scheme with Tenure 1196 Days with a Relatively High Interest Rate Risk and Relatively Low Credit Risk (the Scheme) and fixed Tuesday, May 21, 2024 (or the immediately following Business Day, if that day is not a Business Day) as the Record Date for the same.

The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.4048 under - Regular Plan - IDCW Option - 50% IDCW Donation Option, Direct Plan - IDCW Option - 50% IDCW Donation Option, - Regular Plan - IDCW Option - 75% IDCW Donation Option and - Direct Plan - IDCW Option - 75% IDCW Donation Option.


Franklin India Mutual Fund files offer document for Multicap Fund
Type: MUTUAL FUNDS
Date: 16-May-2024 12:00 AM

Franklin India Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Franklin India Multicap Fund`. The offer rate is Rs 10 per unit. Entry load will be nil. In respect of each purchase of Units exit load will be 1%- if the Units are redeemed/switched-out within one year of allotment.

The Scheme offers Growth and Income Distribution cum capital withdrawal Plan (IDCW) Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 500 Multi Cap 50:25:25 Total Returns Index. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of equity and equity related securities of large cap, midcap and small cap companies.


ICICI Pru AMC announces opening of OPAT of CAMS in Odisha
Type: MUTUAL FUNDS
Date: 14-May-2024 12:00 AM

ICICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID)/ Key Information Memorandum (KIM) of the Schemes of ICICI Prudential Mutual Fund.

ICICI Prudential Mutual Fund has informed that Computer Age Management Services (CAMS) is opening its Official Point of Acceptance of Transactions (OPAT) at the below mentioned address with effect from May 15, 2024. Address: CAMS Service Center, Das & Das Complex, First Floor, By-Pass Road, opposite to Vishal Mega Mart, Chhapulia, Bhadrak, Odisha – 756100.

This Notice-cum-addendum forms an integral part of the SID and KIM of the Schemes of the Fund, as amended from time to time. All other provisions of the SID and KIM except as specifically modified herein above remain unchanged.


SBI Mutual Fund files offers document for Innovative opportunities Fund
Type: MUTUAL FUNDS
Date: 14-May-2024 12:00 AM
SBI Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘SBI Innovative opportunities Fund`. The offer rate is Rs 10 per unit. Entry load will be nil and Exit Load will be 1 % of the applicable NAV -If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 1 year from the date of allotment; and NIL- If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 Crores.

The performance of the scheme will be benchmarked against Nifty 500 TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
 
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.

ITI AMC announces IDCW
Type: MUTUAL FUNDS
Date: 13-May-2024 12:00 AM
ITI Mutual Fund Trustee , has approved the distribution under Income Distribution cum Capital Withdrawal Option (IDCW Option) of the Scheme, subject to availability of distributable surplus on the record date as on May 14, 2024.  

The IDCW on the face value of Rs 10 per unit will be Rs 0.10 per unit for regular plan and Direct Plan. The NAV of IDCW as on May 08, 2024 will be Rs 12.8658 per unit for regular plan and Rs 14.0978 per unit for Direct Plan.

Bajaj Finserv MF introduces Nifty 1D Rate Liquid ETF
Type: MUTUAL FUNDS
Date: 13-May-2024 12:00 AM

Bajaj Finserv Mutual Fund (MF) has launched Bajaj Finserv Nifty 1D Rate Liquid ETF, an open-ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on May 13, 2024 and closes on May 16, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1.

The performance of the scheme will be benchmarked against Nifty 1D Rate Index and its fund manager is Siddharth Chaudhary.

The investment objective of Scheme is to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo. The Scheme will provide returns that before expenses, closely correspond to the returns of Nifty 1D Rate index, subject to tracking error.



Bajaj Finserv MF introduces Multi Asset Allocation Fund
Type: MUTUAL FUNDS
Date: 13-May-2024 12:00 AM

Bajaj Finserv Mutual Fund (MF) has launched Bajaj Finserv Multi Asset Allocation Fund, an open-ended scheme investing in equity and equity related instruments, debt & debt derivatives and money market instruments, Gold ETFs, Silver ETFs, exchange traded commodity derivatives and in units of REITs and InvITs. The NFO opens for subscription on May 13, 2024 and closes on May 27, 2024. The Entry load is not applicable for the scheme. For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: The Exit load will be nil - if up to 30% of units allotted are redeemed/switched out within 1 year from the date of allotment & 1% of applicable NAV – if units are redeemed or switched out in excess of 30% of units allotted within 1 year from the date of allotment and If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment, no exit load is payable. The minimum subscription amount is Rs 500 and in multiples of Re 1.

The performance of the scheme will be benchmarked against 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold and its fund managers are Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary and Vinay Bafna.

The investment objective of the scheme is to generate income from fixed income instruments and generate capital appreciation for investors by investing in equity and equity related securitiesincluding derivatives, Gold ETFs, Silver ETFs, exchange traded commodity derivatives and in units of REITs & InvITs.