UTI Mutual Fund launched New Fund Offer (NFO) under its “Fund of Funds Category” namely UTI Silver ETF Fund of Funds. The Silver ETF category is the latest addition to the Indian Mutual Fund industry. As per UTI MF, investment objective of UTI Silver ETF To generate returns commensurate with the performance of physical silver in domestic prices, subject to tracking error. However, there is no guarantee or assurance that investment objective Plan will be received.
Investors can invest under the scheme with minimum investment of 5000 per plan/option and in multiples of Rs.1. There is no upper limit for investment.
ICICI Prudential Innovation Fund, Baroda BNP Paribas Floater Fund is open for investors till 24 April.
ICICI Prudential Innovation Fund
Fund Type: Open Ended
Fund Class Equity Scheme: Sectoral/Thematic
closing april 24
Investment Objective: To generate long term capital appreciation by investing predominantly in Equity & Equity related securities of companies and units of global mutual funds/ETFs that could benefit from innovative strategies and themes. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment: 5000
Baroda BNP Paribas Floater Fund
Fund Type: Open Ended
Fund Class Equity Scheme: Floater Fund
closes on 24 april
Investment Objective: To generate regular income by way of investment in a portfolio consisting predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment: 5000
NJ ELSS Tax Saver Scheme – Regular Plan NFO is closing on 9th June.
NJ ELSS Tax Saver Plan – Regular Plan
Fund Type: Open Ended
Fund Class Equity: ELSS
closes june 9
The investment objective is to generate income and long-term capital appreciation primarily from a diversified portfolio of equity and equity-related instruments.
Minimum Investment: Rs. 500
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