Funds Of The Day

Market Cap Funds

Thematic Funds

* NAV as on Jul 16 2019

The Open-Ended View


A mutual fund is a pool of money managed by a professional fund manager. It is a trust that collects money from a number of investors and invests the same in equities, bonds, money market instruments and/or other securities.

Open-ended: Schemes where an investor can enter and exit the fund at any point once it opens for subscription.

Close-ended: These schemes have a maturity date, and hence can be subscribed only during the new fund offer period.

The scheme invests at least 65% of corpus in shares or stocks of companies. Based on their market capitalisation and sector concentration, equity funds can further be classified as market cap and sector/ thematic funds.

Types Of Equity Funds:

A) Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS) are equity funds that offers tax benefits for investments made up to Rs 1,50,000, under Section 80C of the IT Act. They come with a mandatory lock-in period of three years, irrespective of whether its open-ended or close-ended in nature.

B) Exchange-Traded Funds (ETFs)
Exchange-Traded Funds (ETFs) are equity schemes listed on the stock market, traded like any other stock, and have a portfolio which tracks any particular stock market index. A demat account is essential while investing in ETFs.

C) Index Funds
An index fund is a passive fund where the scheme's portfolio replicates the portfolio constituents of the respective index, the scheme is benchmarked against.

A debt fund is a mutual fund scheme that invests in fixed income instruments, such as corporate and government bonds, corporate debt securities, money market instruments, etc, that offer capital appreciation. Debt funds are also referred to as income funds or bond funds.

A hybrid fund is an investment fund that is characterised by diversification among two or more asset classes. These funds typically invest in a mix of stocks and bonds. They may also be known as asset allocation funds.

Fund of Funds (FoFs), as the name suggest, are schemes that invest their units in other mutual fund schemes, either in domestic or overseas funds. Though they may be invested in equities, they are taxed as per the guidelines of debt funds.

A Systematic Investment Plan (SIP) is a mode of investing a fixed amount regularly at regular intervals. The amount of investment can be as small as Rs 500.

Under a Systematic Withdrawal Plan (SWP), the investor can withdraw a part of the money invested at regular intervals.

Systematic Transfer Plan allows investors to give consent to a mutual fund to periodically transfer a certain amount or switch (redeem) certain units from one scheme and invest in another scheme of the same mutual fund house.

This is a type of plan offered by the fund where the investor directly buys units of mutual fund schemes from the fund house, devoid of any financial intermediary.

This plan is for investors who opts for the growth option, but invest through a financial intermediary, like banks, advisors, etc.

The Net Asset Value (NAV) of a mutual fund is the price at which units of a mutual fund are bought or sold. It is the market value of the fund after deducting its liabilities. The NAV of a fund is calculated on a daily basis.

It is the period wherein the new scheme floated by the fund house is open for fresh subscription for an investor.


Fund Name Open Date Close Date
SBI Fixed Maturity Plan (FMP)-Series 13 (1108 Days) Close-Ended Debt Jul 16 2019 Jul 22 2019
ICICI Pru Private Banks ETF Open-Ended Equity Aug 01 2019 Aug 06 2019
CPSE ETF FFO – 5 Open-Ended Equity Jul 18 2019 Jul 18 2019
Union Focused Fund Open-Ended Equity Jul 15 2019 Jul 29 2019
LIC MF Overnight Fund Open-Ended Debt Jul 15 2019 Jul 15 2019
ITI Long Term Equity Fund Open-Ended ELSS Jul 15 2019 Oct 14 2019
SBI Fixed Maturity Plan (FMP)-Series 12 (1179 Days) Close-Ended Debt Jul 09 2019 Jul 15 2019
IDFC Fixed Term Plan Series-181 (1104 Days) Close-Ended Debt Jul 08 2019 Jul 09 2019
Mirae Asset Midcap Fund Open-Ended Equity Jul 08 2019 Jul 22 2019
Reliance Fixed Horizon Fund-XLI-Series 12 Close-Ended Debt Jun 25 2019 Jul 09 2019
Kotak Focused Equity Fund Open-Ended Equity Jun 25 2019 Jul 09 2019
Indiabulls FMP Series VI-Plan 2-1135 Days Close-Ended Debt Jun 28 2019 Jul 12 2019
Mahindra Hybrid Equity Nivesh Yojana Open-Ended Hybrid Jun 28 2019 Jul 12 2019
ICICI Prudential Bank ETF Open-Ended Equity Jul 03 2019 Jul 08 2019
SBI Fixed Maturity Plan (FMP)-Series 11 (1178 Days) Close-Ended Debt Jul 03 2019 Jul 08 2019
Baroda Equity Savings Fund Open-Ended Equity Jul 04 2019 Jul 16 2019
Parag Parikh Tax Saver Fund Open-Ended ELSS Jul 04 2019 Jul 18 2019
Indiabulls Overnight Fund Open-Ended Debt Fund Jun 24 2019 Jul 04 2019
UTI-Fixed Term Income Fund Series XXXII-II (1111 Days) Close-Ended Debt Scheme Jun 19 2019 Jul 03 2019
SBI Fixed Maturity Plan (FMP)-Series 9 (1178 Days) Close-Ended Debt Scheme Jun 19 2019 Jun 24 2019
UTI-Fixed Term Income Fund Series XXXII-1(1126 Days) Close-Ended Fund Jun 04 2019 Jun 18 2019
SBI Capital Protection Oriented Fund-Sr A (Plan 4) (1442 Days) Close-Ended Fund Jun 04 2019 Jun 18 2019
SBI Fixed Maturity Plan (FMP)-Series 8 (1178 Days) Close-Ended Debt Fund May 28 2019 Jun 03 2019
Indiabulls FMP-Series VI (Plan 1)-95 Days Close-Ended Debt Fund May 28 2019 May 30 2019
ICICI Prudential MNC Fund Open-Ended Equity Fund May 28 2019 Jun 11 2019
ICICI Prudential Fixed Maturity Plan-Series 86-1120 Days Plan F Close-Ended Debt Fund May 27 2019 Jun 05 2019
Yes Ultra Short Term Open-Ended Debt Fund May 24 2019 Jun 06 2019
Aditya Birla Sun Life Fixed Term Plan-Series SP (1099 days) Close-Ended Debt Fund May 23 2019 May 29 2019

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HDFC Asset Management Company on Tuesday posted a 42 per cent rise in profit after tax (PAT) to Rs 291.7 crore for the quarter ended June 30. The fund house had earned a profit of Rs 205.26 crore in the June quarter of last year.

HDFC AMC (File Photo).

Here's the equity and debt market outlook for the month of July by IDFC Asset Management Company.

(Representative Image)

Investors pulled out Rs 1.60 lakh crore on a net basis from mutual fund schemes in June against a net investment of Rs 76,989 crore in May mainly due to persisting weak confidence in debt-oriented plans, industry data showed on Monday.

For representation.

Asset managers on Thursday said Prime Minister Narendra Modi should focus on ways to boost investments and also the "soft" private consumption. The industry welcomed Modi's win for a second term, saying this will ensure policy certainty.

Industry body Amfi's Chief Executive NS Venkatesh said he expects the political stability to drive pro-reform economic agenda.

Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life Insurance.

Reliance Capital said it has signed binding definitive agreements with Nippon Life Insurance of Japan.

Mutual funds can now invest in exchange traded commodity derivatives, except those on sensitive commodities, according to Sebi. To boost participation of mutual funds in the commodities market, the watchdog has allowed them to invest in Exchange Traded Commodity Derivatives with certain restrictions.

Sebi, in an circular, allowed mutual funds to invest in ETCDs but with riders.

Leading stock exchange BSE on Wednesday said it has launched 'BSE StAR MF' app to enable more participation and help mutual fund distributors process transactions faster.

The mobile application will also be provided to individual investors shortly.

Systematic Investment Plans witnessed their April collections climb 2% to Rs. 8,238 cr, based on the data released by AMFI. The total number of SIP Folios added last month stood at 3.62 lakhs. This shows how the retail investors are maintaining faith in mutual fund investments.

N.S. Venkatesh, AMFI CEO, attributes the fall in equity inflows to the ongoing US-China trade tensions, impending results of the General elections and muted corporate earnings.

Fund houses are required to furnish the details about AI and ML-based applications and systems in a prescribed format from the quarter ending June 2019, to the Association of Mutual Funds in India (AMFI). It has to be submitted within 15 days from end of a quarter to the association.

Besides, Sebi has provided details about categories of systems that are considered to be AI and ML technologies

Kotak Mutual Fund on Friday said it was working with the promoters of Essel Group to ensure “optimal recovery” of dues owed by the conglomerate.

For representation.