SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 7 (1175 Days), a close ended debt scheme. The NFO opens for subscription on May 17, 2019 and closes on May 22, 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.

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.

Axis Mutual Fund (MF) has launched the Axis Fixed Term Plan-Series 106 (296 Days), a close ended debt scheme. The NFO opens for subscription on May 16, 2019 and closes on May 21, 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 Rs 10 thereafter.

The scheme’s performance will be benchmarked against NIFTY Short Duration Debt Index and its fund manager is Devang Shah.

The investment objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme.

ICICI Prudential Asset Management Company has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Fixed Maturity Plan - Series 86 - 95 Days Plan E.

As per the announcement, the NFO period of the Scheme has been extended till May 27, 2019 (Monday). Accordingly, switch-in requests from equity schemes will be accepted up to May 23, 2019, till the cutoff time applicable for switches and MICR cheques till the end of business hours of May 23, 2019. Switch-in requests from other than equity schemes will be accepted up to May 27, 2019 till the cut-off time applicable for switches. Transfer cheques and Real Time Gross Settlement (RTGS) requests will be accepted till the end of business hours of May 27, 2019.

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

SBI Mutual Fund has filed offer document with SEBI to launch an open ended retirement solution oriented scheme named ‘ SBI Retirement Benefit Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and an Exit load of 1% is payable if Units are redeemed/switched-out before completion of 60 years of age, No Exit Load is payable if Units are redeemed /switched-out on or after attainment of 60 years of age, No Exit Load in case of switch is made from one plan to another. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme Aggressive Hybrid will be benchmarked by CRISIL Hybrid 35+65 -Aggressive Index, Conservative Hybrid will be benchmarked by CRISIL Hybrid 65+35 - Conservative Index, will be benchmarked by Conservative NIFTY Composite Debt Index. The minimum application amount for initial purchase is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme is to provide a comprehensive retirement saving solution that serves the variable needs of the investors through long term diversified investments in major asset classes.

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 86-1106 Days Plan D, a close ended debt scheme. The NFO opens for subscription on May 15, 2019 and closes on May 29, 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 Rs 10 thereafter.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Rahul Goswami and Rohan Maru.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.