Shriram Mutual Fund (MF) has launched the Shriram Balanced Advantage Fund, an open ended dynamic asset allocation fund scheme. The NFO opens for subscription on June 14, 2019 and closes on June 28, 2019. Entry load is nil and Exit load will be nil if redeemed/switched-out within 365 days from the date of allotment up to 12% of units held by the investor; Exit load will be 1% of applicable Net Asset Value (NAV) if redeemed/switched-out within 365 days from the date of allotment more than 12% of units held by the investor; and Exit load will be nil if redeemed/switched out after 365 days from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 500 thereafter per application during the NFO period & on an ongoing basis.

The scheme’s performance will be benchmarked against CRISIL Hybrid 35+65 - Aggressive Index and its fund manager is Kartik Soral.

The investment objective of the scheme is to generate capital appreciation with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities, derivative strategies and debt and money market instruments.

ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Focused Equity Fund. The record date for the same is June 19, 2019.

The quantum of dividend on the face value of Rs 10 per unit will be Rs 2.05 each under regular and direct plan - Dividend.

Baroda Mutual Fund (MF) has launched the Baroda Money Market Fund, an open ended debt scheme. The NFO opens for subscription on June 13, 2019 and closes on June 18, 2019. No entry load and exit load will be applicable for the scheme. 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 CRISIL Money Market Index and its fund managers are Alok Sahoo & Karn Kumar.

The investment objective of the scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.

Reliance Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Reliance Passive Flexicap Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty 500 TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Reliance Mutual Fund.

Reliance Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Reliance Nifty Midcap 150 FOF'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Midcap 150 Index TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Nifty Midcap 150 by investing in units of Reliance ETF Nifty Midcap 150.