Baroda Mutual Fund (MF) has launched the Baroda Overnight Fund, an open ended debt scheme. The NFO opens for subscription on April 23, 2019 and closes on April 24, 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 per application during the NFO period.

The scheme’s performance will be benchmarked against CRISIL Overnight index and its fund managers are Alok Sahoo & Hetal Shah. 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 one business day.

Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Focused Fund, an open ended equity scheme. The NFO opens for subscription on April 23, 2019 and closes on May 07, 2019. Entry load is nil and Exit load will be 1%, if redeemed within 1 year (365 days) from the date of allotment and Exit load will be nil, if redeemed after 1 year (365 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 200 Index (TRI) and its fund manager is Gaurav Misra.

The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 4 (365 Days), a close ended debt scheme. The NFO opens for subscription on April 23, 2019 and closes on April 30, 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 Short Term Bond Fund 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.

Principal Mutual Fund (MF) has launched the Principal Small Cap Fund, an open ended equity scheme. The NFO opens for subscription on April 22, 2019 and closes on May 06, 2019. Entry load will be nil and exit load will be nil for redemption/switch out of units upto 25% of the units allotted (the limit) if redeemed/ switched on or before 1 year from the date of allotment and exit load will be 1% on redemption in excess of 25% of the limit stated above if Redemption of units would be done on First in First out Basis (FIFO) and Nil thereafter. The minimum subscription amount is Rs 5,000 for both Dividend and Growth Option and any amount thereafter under each Plan/option. 

The scheme’s performance will be benchmarked against Nifty Small cap 100 index and its fund managers are P.V.K. Mohan and Siddarth Mohta. 

The investment objective of the scheme is to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.

UTI Mutual Fund (MF) has launched the UTI-Fixed Term Income Fund Series XXXI-XIII (1127 Days), a close ended debt scheme. The NFO opens for subscription on April 22, 2019 and closes on May 06, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 10 under all the plans/options. 

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Sunil Patil. 

The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.