7 mutual funds filed draft documents with Sebi in last one week
mutual funds have filed draft documents with Sebi in the last one week to launch eight new funds. Axis Mutual Fund has filed draft for two funds, WhiteOak Capital Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, and 360 One Mutual Fund have filed for one fund each.
LIC MF Manufacturing Fund
LIC MF Manufacturing Fund will be an open ended equity scheme following manufacturing themes. The scheme will be benchmarked against Nifty India Manufacturing Index (TRI). The scheme will be managed by Yogesh Patil, Mahesh Bendre.
The investment objective of the scheme will be to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing themes. The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter. For monthly SIP, the minimum amount will be Rs 1,000 and in multiples of Re 1 thereafter.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-112738746»>360 ONE Multi Asset Allocation Fund
360 ONE Multi Asset Allocation Fund will be an open ended scheme investing in Equity & Equity Related Instruments, Debt & Money Market Securities, Commodities ETF, Exchange Traded Commodity Derivatives and in units of REITs & InvITs. The scheme will be benchmarked against BSE 500 TRI – 65% + NIFTY Composite Debt Index – 25% + Domestic prices of Gold and Silver (10%).
The minimum investment amount will be Rs 1,000 and in multiples of Re 1
