ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Medium Term Bond Fund. The record date for the same is July 29, 2021.The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.1505 under Quarterly IDCW and Rs 0.1750 under Direct Plan-Quarterly IDCW.

Nippon India Mutual Fund (MF) has launched the Nippon India Flexi Cap Fund, an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on July 26, 2021, and closes on August 09, 2021. The Entry load is not applicable for the scheme. The Exit Load will be nil, if 10% of the units allotted shall be redeemed on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units and nil thereafter. The minimum subscription amount is Rs 500 & in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked with NIFTY 500 TRI and its fund managers are Manish Gunwani, Dhrumil Shah, Varun Goenka, Nikhil Rungta and Kinjal Desai.

The investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.

ICICI Prudential Asset Management Company (AMC) has announced change to the Scheme Information Document (SID)/Key Information Memorandum (KIM)/of various schemes of ICICI Prudential Mutual Fund (the Fund).

ICICI Prudential Asset Management (AMC) announced that the Trustee of ICICI Prudential Mutual Fund has approved the rounding off of NAV up to four decimals with immediate effect under various schemes such as, ICICI Prudential Bank ETF, ICICI Prudential Private Banks ETF, ICICI Prudential Nifty Next 50 ETF, ICICI Prudential Nifty Low Vol 30 ETF, ICICI Prudential NV20 ETF, ICICI Prudential Midcap Select ETF, ICICI Prudential S&P BSE 500 ETF, ICICI Prudential Midcap 150 ETF, ICICI Prudential Alpha Low Vol 30 ETF, ICICI Prudential IT ETF, ICICI Prudential Healthcare ETF and ICICI Prudential FMCG ETF,

All the other provisions of the SIDs/KIMs/SAI/addenda of the schemes except as specifically modified herein above remain unchanged.
 

Trust Mutual Fund (MF) has launched the TRUSTMF Short Term Fund, an open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 to 3 years.  The NFO opens for subscription on July 20, 2021 and closes on August 03, 2021. The Entry load and the exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Rs 1 thereafter.

The performance of the scheme would be benchmarked against CRISIL Short Term Bond Fund Index and Anand Nevatia would be the Fund Manager of the Scheme.

The investment objective of the scheme will endeavour to generate stable returns for investors with a short term investment horizon by investing in debt and money market instruments.

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential FMCG ETF, an open-ended Index Exchange Traded fund tracking Nifty FMCG Index. The NFO opens for subscription on July 20, 2021, and closes on August 02, 2021. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against Nifty FMCG TRI and its fund managers are Kayzad Eghlim and Nishit Patel.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.