SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 13 (1108 Days), a close ended debt scheme. The NFO opens for subscription on July 16, 2019 and closes on July 22, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Medium Term Debt Index and its fund manager is Ranjana Gupta.

The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

IDFC Mutual Fund (MF) has launched the IDFC Fixed Term Plan Series-181 (1104 Days), a close ended debt scheme. The NFO opens for subscription on July 08, 2019 and closes on July 09, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 thereafter for both the plans-Direct and Regular.

The scheme’s performance will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Anurag Mittal.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Midcap Fund, an open ended equity scheme. The NFO opens for subscription on July 08, 2019 and closes on July 22, 2019. Entry load is nil and Exit load will be 1%, if redeemed within 1 year (365 days) from the date of allotment and Exit load will be nil, if redeemed after 1 year (365 days) from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Nifty Midcap 100 Index (TRI) and its fund manager is Ankit Jain.

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction.

Baroda Mutual Fund (MF) has launched the Baroda Equity Savings Fund, an open ended equity scheme. The NFO opens for subscription on July 04, 2019 and closes on July 16, 2019. Entry load is nil and Exit load will be 1%, if redeemed within one year from the date of allotment of Units and Exit load will be nil, if redeemed after one year from the date of allotment of Units. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter per application during the NFO period.

The scheme’s performance will be benchmarked against 40% NSE 50 Arbitrage index, 35% NIFTY Short Duration Debt index and 25% NSE100 index and its fund managers are Sanjay Chawla, Dipak Acharya and Alok Sahoo.

The investment objective of the scheme is to generate capital appreciation and income by using arbitrage opportunities, investment in equity/equity related instruments and debt/money market instruments.

PPFAS Mutual Fund (MF) has launched the Parag Parikh Tax Saver Fund, an open ended equity linked saving scheme. The NFO opens for subscription on July 04, 2019 and closes on July 18, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiples of Rs 500 thereafter.

The scheme’s performance will be benchmarked against NIFTY 500 TRI and its fund managers are Rajeev Thakkar, Raunak Onkar and Raj Mehta.

The investment objective of the scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).