Mutual Fund Update: List of NFOs open for subscription this week
This week there are four mutual funds open for subscription. All are open-ended schemes. Out of four open-ended schemes, two Fund of Funds (FoFs) and two are Index Funds. 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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Axis AAA Bond Plus SDL ETF - 2026 Maturity Fund of Fund
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Open-ended
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Other Scheme-FoF Domestic
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30th Sept 2021
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13th Oct 2021
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To invest in units of Axis AAA Bond Plus SDL ETF - 2026 Maturity ETF, an open-ended Target Maturity Exchange Traded Fund with objective to replicate Nifty AAA Bond Plus SDL Apr 2026 50:50 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors.
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Edelweiss NIFTY PSU Bond Plus SDL Index Fund 2027
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Open-ended
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Other Scheme-Index Fund
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30th Sept 2021
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8th Oct 2021
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The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Apr 2027 50:50 Index by investing in AAA rated PSU Bonds and SDLs, maturing on or before April 2027, subject to tracking errors.
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ICICI Prudential NASDAQ 100 Index Fund
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Open-ended
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Other Scheme-Index Fund
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27th Sept 2021
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11th 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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Mahindra Manulife Asia Pacific REITs FOF
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Open-ended
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Other scheme-FoF Overseas
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28th Sept 2021
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12th Oct 2021
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The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of Manulife Global Fund – Asia Pacific REIT Fund, an overseas fund primarily investing in real estate investment trusts (REITs) in the Asia Pacific ex-Japan region.
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