Mutual Fund Update: List of NFOs open for subscription this week
This week there are four mutual funds open for subscription. Out of this, three are open-ended schemes and one closed-ended scheme. Out of four open-ended schemes, there are two Fund of Funds and out of the remaining two, one is an index fund and the other one is a fixed maturity plan.
However, following mutual fund schemes does not assure that the investment objective of the scheme will be achieved.
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Scheme Name
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Type
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Category
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Open date
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Closing Date
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Objective of the scheme (As per AMFI)
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ICICI Prudential NASDAQ 100 Index Fund
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Open-ended
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Other Scheme- Index Funds
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27-Sep-2021
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11-Oct-2021
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The objective of the Scheme is to invest in companies whose securities are included in NASDAQ-100 Index® and subject to tracking errors, to endeavor to achieve the returns of the above index.
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Motilal Oswal 5 Year G-Sec Fund of Fund
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Open-ended
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Other Scheme- FoF Domestic
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24-Sep-2021
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30-Sep-2021
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The investment objective of the Scheme is to seek returns by investing in units of Motilal Oswal 5 Year G-Sec ETF.
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SBI Fixed Maturity Plan (FMP) - Series 52 (1848 Days)
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Closed-ended
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Income
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24-Sep-2021
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27-Sep-2021
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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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HDFC Developed World Indexes Fund of Funds
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Open-ended
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Other Scheme-FoF Overseas
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17-Sep-2021
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1-Oct-2021
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The investment objective of the Scheme is to provide long-term capital appreciation by passively investing in units/shares of overseas Index Funds and/or ETFs which will in aggregate closely correspond to the MSCI World Index, subject to tracking errors.
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