MF Update: List of NFOs open for subscription in the first week of 2022
The year 2022 is kickstarting with four NFOs in the first week. All schemes are open-ended except one, which is a closed-ended fund. Also, all these mutual funds are offering different schemes. Out of four schemes offered, two are index funds, and the remaining two are income and FoF schemes. However, do remember that they do not assure the investment objective of the same will be achieved.
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Scheme Name
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Type
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Category
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Launch Date
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Closure Date
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Objectives of the scheme (As per AMFI)
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ICICI Prudential Passive Multi-Asset Fund of Funds
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Open-ended
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Other Scheme- FoF Domestic
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27th Dec 2022
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10th Jan 2022
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ICICI Prudential Passive Multi-Asset Fund of Funds is a Fund of Funds scheme with the primary objective to generate returns by predominantly investing in passively managed funds launched in India and/or overseas
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Navi Nifty Next 50 Index Fund
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Open-ended
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Other Scheme- Index Funds
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1st Jan 2022
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15th Jan 2022
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The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error.
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SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund
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Open-ended
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Other Scheme-Index Funds
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3rd Jan 2022
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17th Jan 2022
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The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
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SBI Fixed Maturity Plan (FMP) – Series 58 (1842 Days)
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Closed-ended
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Income
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30th Dec 2022
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4th Jan 2022
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The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme.
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