SBI Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘SBI Fixed Maturity Plan (FMP)-Series 21 to 30’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked by Crisil  Liquid Fund Index for  schemes  with  term  to  maturity  upto  91  days; Crisil Short Term Bond Fund Index for schemes with term to maturity between 92 days to 36 Months; CRISIL Medium Term Debt index for schemes with term to maturity more than 36 Months and upto 60 months; CRISIL Medium to Long Term Debt index for schemes with term to maturity more than 60 Months and upto 96 months; and CRISIL Long Term Debt Index for  schemes  with  term  to  maturity  above  96  months. The minimum application amount for initial purchase is Rs 5,000 and Re 1 thereafter.

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 Mutual Fund (MF) has declared dividend under ICICI Prudential Equity - Arbitrage Fund. The record date for the same is August 26, 2019.

The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.0669 under Dividend, and Rs 0.0778 under Direct plan - Dividend.

ICICI Prudential Asset Management Company (AMC) has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of all open ended schemes of ICICI Prudential Mutual Fund where Systematic Transfer Plan Facility (STP), Flex Systematic Transfer Plan Facility (Flex STP) and Value Systematic Transfer Plan Facility (Value STP) is available.

As per the announcement, at the time of registration the minimum amount of transfer for Daily Frequency in STP, Flex STP and Value STP under all open ended schemes shall be modified as Rs 250 and in multiples of Re 1 thereafter with effect from August 22, 2019.

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

ITI Mutual Fund (MF) has launched the ITI Arbitrage Fund, an open ended scheme. The NFO opens for subscription on August 20, 2019 and closes on September 03, 2019. Entry load is nil and Exit load will be 0.25%, if the Units are redeemed/switched out on or before 30 days from the date of allotment and Exit load will be nil, if the Units are redeemed/switched out after 30 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 50 Arbitrage Index and its fund managers are Milan Mody and George Heber Joseph.

The investment objective of the scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 17 (1116 Days), a close ended debt scheme. The NFO opens for subscription on August 20, 2019 and closes on August 26, 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.