Tuesday, 18 June 2013

New Fund Offers(NFO) From Mutual Fund Houses

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 68-368 Days Plan D”; NFO to close on June 20
ICICI Prudential Mutual Fund has launched a new close ended debt fund named “ICICI Prudential Fixed Maturity Plan-Series 68-368 Days Plan D” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 20, 2013. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The two options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Manish Banthia will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met through investment in diversified portfolio of fixed income securities/ debt instruments. Hence, the scheme will allocate 0 to 100 per cent of asset in money market instruments.
DSP BalckRock MF launches “DSP BlackRock Dual Advantage Fund – Series 16 - 36M”; NFO to close on June 28
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock Dual Advantage Fund – Series 16 - 36M” with maturity period of 36 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 17 and will close on June 28, 2013. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The two options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Dhawal Dalal and Vinit Sambre will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and seek capital appreciation will be met through investment in a diversified portfolio of debt and money market securities. Hence, the scheme will allocate 50 to 95 per cent of asset in debt securities, 0 to 25 per cent in money market instruments and 5 to 25 per cent in equity and equity related securities.

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