In order to cope up with the competition, many companies have announced new fund offer. Equity as well as debt schemes are provided under NFO. The list of the new funds is listed below here.
List of New Fund Offers:
Equity Schemes:
- Reliance Small Cap Fund (G)
- Reliance Small Cap Fund (D)
Debt Schemes:
- Tata FMP - Sr 27 - Scheme A (G)
- Tata FMP - Sr 27 - Scheme A (D)
- DWS FTF - Series 74 - 370Days (G)
- DWS FTF - Series 74 - 370Days (D)
- DWS Hybrid FTF - Series 1 (G)
- SBI Debt Fund Series - 370 Days - 6 (G)
- ICICI Pru FMP - Series 52 - 1Yr Plan C (G)
- IDFC FMP - Yrly Series 33 (G)
Equity Schemes:
Schemes have both growth and dividend options. Reliance announced small cap funds in equity category recently. Both the small cap funds have minimum investment of 5000 rupees. The entry load is nil for both the schemes, as per the rules of Stock Exchange Board of India. The exit load varies depending upon the holding period. The exit load is 2%, if the holding period is less than 12 months. The exit load is 1%, if the holding period is more than 12 months and more than 12 months.
Debt Schemes:
SBI Debt Fund Series has the minimum investment of 5000 rupees. The entry and exit load is nil. Minimum investment is 5000 rupees for ICICI Pru FMP - Series 52 - 1Yr Plan C. The entry and exit load is nil for this scheme also. Minimum investment is 10,000 rupees for IDFC FMP - Yearly Series 33.
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Balajee Kannan
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