Tata Mutual Fund (MF) has launched the Tata Focused Equity Fund, an open ended equity scheme. The NFO opens for subscription on November 15, 2019 and closes on November 29, 2019. Entry load is nil and Exit load will be 1% of the applicable NAV, if redeemed/ switched out on or before expiry of 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 S&P BSE 200 TRI and its fund manager is Rupesh Patel.

The investment objective of the scheme is to generate long term capital appreciation by investing in equity & equity related instruments of maximum 30 stocks across market caps.

Union Mutual Fund (MF) has launched the Union Large & Midcap Fund, an open ended equity scheme. The NFO opens for subscription on November 15, 2019 and closes on November 29, 2019. Entry load is nil and Exit load will be 1% if units are redeemed or switched out on or before completion of 1 year from the date of allotment and nil thereafter. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against S&P BSE 250 LargeMidCap Index (TRI) and its fund manager is Vinay Paharia.

The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies.

Sundaram Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Sundaram Bluechip Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nill and Exit load for redemption within 12 months from the date of allotment will be 1%; for redemption on or after 12 months from the date of allotment will Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crores.

The performance of the scheme will be benchmarked against Nifty 100 TRI index. The minimum application amount for initial purchase is Rs 100 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate capital appreciation by investing in large cap stocks.

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 24 (1107 Days), a close ended debt scheme. The NFO opens for subscription on November 14, 2019 and closes on November 20, 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.

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID), Key Information Memorandum (KIM) of ICICI Prudential Liquid ETF.

As per the announcement, the Trustees of ICICI Prudential Mutual Fund (the Fund) have approved change in payout frequency of the daily dividend declared under the Scheme from Weekly frequency to Monthly frequency, with effect from November 18, 2019. Dividend payout shall be done on the first working Monday of the month. In case the payout date falls on a non-business day the payout will be done on the immediate following business day. Accordingly, the relevant sections of the SID/KIM of the Scheme stands modified.

All the other provisions of the SID and KIM of the Scheme, except as specifically modified herein above remain unchanged.