These Largecap funds invest a large proportion of their corpus in companies with large market capitalization, and Multicap in the stocks across various ranges of market capitalization.
Mid and Small Cap funds focus its investments on companies with a capitalization in the small and middle range of stocks in the market.
These are the hybrid funds that include a mix of both stocks and the bonds, they keep a balance between equity and debt with their objective between growth and income.
The ideal investments for conservative investors, debt funds are aimed at generating regular income by investing primarily in fixed income securities like treasury bills and bonds.
ELSS is a diversified equity mutual fund that offers dual benefit of tax deductions up to Rs. 1.5 lakhs per annum under section 80C and multi cap equity investment typically with a large cap bias.
Liquid funds invest in short-term high–credit quality fixed-interest generating money market instruments with an aim to provide a high degree of liquidity and safety of capital to the investor.
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This is the list of the latest Mutual Fund offerings from the various asset management companies
Nippon India Mutual Fund (MF) has launched the Nippon India Fixed Horizon Fund-XLII-Series 5, a Close Ended Debt income Scheme. The NFO opens for subscription on April 03, 2020 and closes on April 08, 2020. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Crisil Composite Bond Fund Index and its fund manager is Amit Tripathi.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the Central and State Government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
ICICI Prudential Asset Management Company (AMC) has announced that P.H Ravikumar (DIN: 00280010) has been appointed as Independent Director on the Board of Directors of ICICI Prudential Trust with effect from March 21, 2020.
All the other provisions of the SAI except as specifically modified herein above remain unchanged.
ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Credit Risk Fund. The record date for the same is March 27, 2020. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.0378 under Quarterly Dividend, and Rs 0.0542 under Direct Plan-Quarterly Dividend.
ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Liquid Fund. The record date for the same is March 30, 2020. The quantum of dividend on the face value of Rs 100 per unit will be Rs 1.0368 under Quarterly Dividend, Rs 1.0664 under Direct Plan-Quarterly Dividend, Rs 2.4858 under Half Yearly Dividend, and Rs 2.5519 under Direct Plan- Half Yearly Dividend.
ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Long Term Bond Fund. The record date for the same is March 27, 2020. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.1140 under Quarterly Dividend, Rs 0.1337 under Direct Plan-Quarterly Dividend, Rs 0.1107 under Institutional Quarterly Dividend, Rs. 0.4082 under Half Yearly Dividend, Rs 0.4678 under Direct Plan- Half Yearly Dividend, and Rs 0.3950 under Institutional Half Yearly Dividend.
L&T Mutual Fund (MF) has launched the L&T Nifty 50 Index Fund, an open-ended Equity Scheme tracking Nifty 50 Index. The NFO opens for subscription on March 24, 2020 and closes on March 31, 2020. Entry load will be nil. Exit load will be nil, if the units redeemed or switched out are up to 10% of the units purchased or switched in (‘the limit’) within 1 year from the date of allotment. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment the exit load will be 1%, and the exit load will be nil if units are redeemed or switched out on or after 1 year from the date of allotment. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against its performance to Nifty 50 Index TRI and its fund manager is Praveen Ayathan.
The investment objective of the scheme is to achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks.