BNP Paribas Mutual Fund has filed offer document with SEBI to launch an open-ended fund scheme named ' BNP Paribas Global Innovative Technology Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be Nill and Exit load if units of the Scheme are redeemed or switched out within 12 months from the date of allotment will be 1% of the applicable NAV; If units of Scheme are redeemed or switched out after 12 months from the date of allotment will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crores.

The performance for schemes will be benchmarked against MSCI World Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme to seek capital appreciation by investing predominantly in units of BNP Paribas Funds Disruptive Technology.

DSP Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named 'DSP - FMP -Series 261 to 263'. The New Fund Offer price is Rs 10 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 for schemes having maturity of upto 3 months will be benchmarked against CRISIL Liquid Fund Index, for Schemes having maturity of more than 3 months and of upto 36 months will be benchmarked against CRISIL Short Term Bond Fund Index, for Schemes having maturity of more than 36 months will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5000.

The investment objective of the scheme is to generate returns and seek capital appreciation by investing in a portfolio of Debt and Money Market Instruments. The Schemes will invest only in securities which mature on or before the date of maturity of the Schemes.

Sundaram Mutual Fund (MF) has launched the Sundaram Arbitrage Fund, an open ended scheme investing in arbitrage opportunities. The NFO opens for subscription on January 16, 2020 and closes on January 30, 2020. Entry load is nil and Exit load will be 0.25%, for redemption within 15 days from the date of allotment; and Exit load will be nil, for redemption on or after 15 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against NIFTY 50 Arbitrage Index and its fund managers are S Bharath & Rohit Seksaria.

The invesmtent objective of the scheme is to generate income with minimal volatility by investing in equity, arbitrage strategies which fully offset the equity exposure and investments in debt instruments.

Union Mutual Fund has filed offer document with SEBI to launch an open-ended hybrid scheme named 'Union Hybrid Equity Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load 1% if units are redeemed/switched out on or before completion of 1 year from the date of allotment. Nil thereafter. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against NIFTY Low Duration Debt Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme to achieve long term capital growth and generate income from a portfolio, predominantly of equity and equity related securities. The scheme will also invest in debt & money market instruments.

IDFC Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ' IDFC Floating Rate Fund '. The New Fund Offer price is Rs 10 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 crores.

The performance for schemes will be benchmarked against NIFTY Low Duration Debt Index. The minimum application amount for initial purchase is Rs 5000 and any amount thereafter.

The investment objective of the scheme to seek to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.