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ICICI Prudential MF introduces PSU Bond plus SDL 40:60 Index Fund-Sep 2027
Type: MUTUAL FUNDS
Date: 16-Sep-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential PSU Bond plus SDL 40:60 Index Fund-Sep 2027, an open-ended target maturity Index Fund investing in the constituents of Nifty PSU Bond Plus SDL Sep 2027 40:60 Index. The NFO opens for subscription on September 03, 2021, and closes on September 27, 2021. The Entry load is nil for the scheme. The Exit load will be 0.15% of applicable Net Asset Value, if the amount sought to be redeemed or switch out within 30 days from allotment and nil, if the amount sought to be redeemed or switched out after 30 days from allotment. The minimum subscription amount is Rs 1000 and any amount thereafter.

The performance of the Scheme would be benchmarked against Nifty PSU Bond Plus SDL Sep 2027 40:60 Index and its fund managers are Chandni Gupta and Anuj Tagra.

The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Sep 2027 40:60 Index by investing in AAA rated PSU bonds and SDLs, maturing on or before Sep 2027, subject to tracking errors.

ICICI Pru MF declares dividend under Equity & Debt Fund
Type: MUTUAL FUNDS
Date: 16-Sep-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity & Debt Fund. The record date for the same is September 21, 2021.The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.75 each under Annual IDCW and Direct Plan-Annual IDCW.


Aditya Birla SL MF introduces Nifty SDL Plus PSU Bond SEP 2026 60:40 Index Fund
Type: MUTUAL FUNDS
Date: 15-Sep-2021 12:00 AM

Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Nifty SDL Plus PSU Bond SEP 2026 60:40 Index Fund, an open-ended scheme tracking the Nifty SDL Plus PSU Bond Sep 2026 60:40 Index. The NFO opens for subscription on September 15, 2021, and closes on September 23, 2021. The Entry load is nil for the scheme. The Exit load will be 0.5% of applicable NAV for redemption / switch-out of units on or before 30 days from the date of allotment and nil, for redemption / switch-out of units after 30 days from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Rs 1 thereafter.

The performance of the scheme will be benchmarked to the performance of Nifty SDL Plus PSU Bond Sep 2026 60:40 Index and its fund manager is Mohit Sharma.

The investment objective of the scheme is to track the Nifty SDL Plus PSU Bond Sep 2026 60:40 Index by investing in PSU Bonds and SDLs, maturing on or before September 2026, subject to tracking errors.


ICICI Pru AMC announces regarding ‘Switch In’ & ‘Switch Out’ under various schemes
Type: MUTUAL FUNDS
Date: 15-Sep-2021 12:00 AM

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID), Key Information Memorandum (KIM) of various schemes of ICICI Prudential Mutual Fund.

With reference to the addendum 15/20/2020 dated 30th December, 2020 on applicability of net asset value (NAV), ICICI Prudential Asset Management (AMC) announced that valid applications for switch from one scheme to another scheme will be considered for processing as follows: ‘Switch Out’ shall be treated as redemption application and accordingly, closing NAV of the day will be applicable based on the cut-off time for redemption followed for various type of schemes. ‘Switch In’ shall be treated as purchase application and accordingly for unit allotment, closing NAV of the day will be applicable on which the funds are available for utilization. The aforesaid provision shall also apply to systematic transfer plans (STP) & transfer of Income Distribution cum Capital withdrawal (IDCW) plan irrespective of IDCW record date.

All the other provisions of the SIDs/KIMs of the Schemes except as specifically modified herein above remain unchanged.


ICICI Pru MF declares dividend under Medium Term Bond Fund
Type: MUTUAL FUNDS
Date: 15-Sep-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Medium Term Bond Fund. The record date for the same is September 20, 2021.The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.4729 under Half Yearly IDCW and Rs 0.5019 under Direct Plan- Half Yearly IDCW.

SBI MF introduces FMP-Series 51 (1846 Days)
Type: MUTUAL FUNDS
Date: 14-Sep-2021 12:00 AM

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 51 (1846 Days), a close ended debt scheme. The NFO opens for subscription on September 14, 2021, and closes on September 15, 2021. 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 thereafter.

The performance of the scheme will be benchmarked against CRISIL Medium to Long Term Debt index and its fund manager is Ranjana Gupta.

The investment objective of the scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme.


Invesco Mutual Fund files offer document for India Flexi Cap Fund
Type: MUTUAL FUNDS
Date: 09-Sep-2021 12:00 AM

Invesco Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Invesco India Flexi Cap Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load if units are redeemed/switched out within 1 year from the date of allotment: if upto 10% of units allotted are redeemed/switched out will be Nil; any redemption / switch-out of units in excess of 10% of units allotted will be 1%; if units are redeemed/switched out after 1 year from the date of allotment, no exit load is payable. The scheme offers 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 S&P BSE 500 TRI. The minimum application amount is Rs 1000 and Re 1 thereafter.

The investment objective of the scheme is to generate capital appreciation by dynamically investing in a mix of equity and equity related instruments across market capitalization - large, mid and small cap stocks.

ICICI Pru AMC announces Update on NAV under Debt Management Fund (FOF)
Type: MUTUAL FUNDS
Date: 09-Sep-2021 12:00 AM

ICICI Prudential Asset Management (AMC) announced that, the NAV’s of all plans under the ICICI Prudential Debt Management Fund (FOF) (the scheme) for September 6, 2021 were uploaded on the website of Association of Mutual Funds in India (AMFI) and the website of ICICI Prudential Asset Management Company (the AMC) within the prescribed timelines. Subsequently, on account of revision in price of certain underlying securities (underlying schemes) held by the Scheme, the NAV’s of all plans under the Scheme have been revised and re-uploaded on the websites of the AMC and AMFI on September 7, 2021 by 11:13:48 am and 11:24:49 am respectively. Visit the AMC’s website: icicipruamc.com to check the NAV of the plans under the Scheme as on September 6, 2021.

ICICI Pru MF declares dividend under Long Term Equity Fund (Tax Saving)
Type: MUTUAL FUNDS
Date: 09-Sep-2021 12:00 AM

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Long Term Equity Fund (Tax Saving). The record date for the same is September 14, 2021.The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.70 each under IDCW and Direct Plan- IDCW.


Invesco Mutual Fund files offer document for Elwood Global Blockchain Fund of Fund
Type: MUTUAL FUNDS
Date: 08-Sep-2021 12:00 AM
Invesco Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Invesco Elwood Global Blockchain Fund of Fund ‘. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers 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 Elwood Blockchain Global Equity Index in USD. The minimum application amount is Rs 1000 and Re 1 thereafter.

The investment objective of the scheme is to generate  returns  by  investing  predominantly  in  units  of  Invesco  Elwood  Global  Blockchain  UCITS ETF,  an  overseas  exchange  traded  fund,  which  seeks to  achieve  the  performance  of  the  Elwood Blockchain Global Equity Index (the ‘Reference Index’) less fees, expenses and transaction costs.