Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Overnight Fund, an open ended debt scheme. The NFO opens and closes for subscription on October 15, 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 Overnight Index and its fund manager is Mahendra Kumar Jajoo.

The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Axis Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘ Axis Special Situations Fund ' . The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed / switched-out within 12 months - For 10% of investment will be Nil; For remaining investment it will be 1%; If redeemed/switched out after 12 months from the date of allotment exit load will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore

The performance of the scheme will be benchmarked against NIFTY 500 TRI. The minimum application amount for initial purchase is Rs 5000 and  in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.

Baroda Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Baroda Small Cap Fund‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If Units are redeemed upto 10% of the Units, on or before 365 days from the date of allotment of Units will be Nil; If Units are redeemed over and above the 10% limit, on or before 365 days from the date of allotment of Units will be 1% of the applicable Net Asset Value (NAV); If Units are redeemed after 365 days from the date of allotment of Units will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against NSE Small Cap 100 TRI. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities of Small Cap Companies.

Invesco Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named ‘Invesco India Overnight Fund’. The New Fund Offer price is Rs 1000 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked against CRISIL Overnight Index. The minimum application amount for initial purchase is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.

ICICI Prudential Asset Management Company (AMC) has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the schemes of ICICI Prudential Mutual Fund.

As per the announcement, the Official Point of Acceptance of Transactions (OPAT) of CAMS, the Registrar and Transfer Agent of the Fund located at CAMS Service Centre, 24/590- 14, C.V.P Parliament Square Building Cross Junction, Thiruvalla- 689 101, Kerala, is shifting to new premises with effect from October 14, 2019. New Address: CAMS Service Centre, 1st Floor, Room No.61 (63), International Shopping Mall, Opp. St. Thomas Evangelical Church, Above Thomson Bakery, Manjady, Thiruvalla- 689 105, Kerala.

All the other provisions of the SID/KIM of the schemes remain unchanged.