Mutual fund scheme launches of June 2016-Will they prove fruitful to you?

Mutual Fund NAV Online 167 views

As we have reached the half way stage of 2016, several top fund houses including UTI mutual fund, Axis Mutual Fund, SBI Mutual Fund have launched new schemes. New schemes, which are launched, include Axis Hybrid Fund – Series 31 (1381 Days), BOI AXA MID CAP EQUITY & DEBT FUND, DSP BlackRock Mutual Fund, HDFC FMP 1112D June 2016 (1), ICICI Prudential Capital Protection Oriented Fund – Series X – 1375 Days Plan B and UTI – Dual Advantage Fixed Term Fund Series III -II (1278 Days). Now, you must be getting anxious to know the details of these schemes. So, we will let you know all that in this article.

Axis Mutual Fund

Scheme Name Axis Hybrid Fund – Series 31 (1381 Days)
Scheme Type Close-ended
Scheme Category Income
Scheme Objective The primary objective of the scheme is to earn income by making investment in high-quality fixed income securities that are about to mature or before their maturity
Minimum Subscription Amount Rs 5,000 and in multiples of Rs 10 from thereon
Load N.A.
Scheme Launch Date June 29, 2016
Scheme Closure Date July 13, 2016

BOI AXA Mutual Fund

Scheme Name BOI AXA MID CAP EQUITY & DEBT FUND
Scheme Type Open-ended
Scheme Category Growth
Scheme Objective This scheme is envisaged to appreciate your capital and distribute income to investors from a mix of equity and fixed income securities.
Minimum Subscription Amount Rs 5,000
Load 1% if you reedem within a year from the allotment date
Scheme Launch Date June 29, 2016
Scheme Closure Date July 13, 2016
Must Read  Mutual Fund SIP is a Great Way to Introduce Savings Into Your Routine

DSP BlackRock Mutual Fund

Scheme Name DSP BlackRock Dual Advantage Fund – Series 46 – 36M
Scheme Type Close-ended
Scheme Category Income
Scheme Objective This scheme looks to invest in a mix of debt and money market instruments to generate income and appreciate capital. This scheme is also focused on equity so that the objective of capital appreciation gets the much needed thrust.
Minimum Subscription Amount Rs 5,000 and multiples of 1 afterward
Load NIL. As the units will be listed on the stock exchanges, they can’t be redeemed directly.
Scheme Launch Date June 21, 2016
Scheme Closure Date July 5, 2016

HDFC Mutual Fund

Scheme Name HDFC FMP 1112D June 2016 (1)
Scheme Type Close-ended
Scheme Category Income
Scheme Objective The scheme is launched to yield income by investing in debt, money market and government securities that are about to mature or before the maturity period.
Minimum Subscription Amount Rs 5,000
Load N.A.
Scheme Launch Date June 28, 2016
Scheme Closure Date July 5, 2016

ICICI Prudential Mutual Fund

Scheme Name ICICI Prudential Capital Protection Oriented Fund – Series X – 1375 Days Plan B
Scheme Type Close-ended
Scheme Category Income
Scheme Objective This scheme is made to protect the capital by making a portion of the investment in top rated debt and money market instruments. The remaining portion will be invested in equity for the pupose of capital appreciation.
Minimum Subscription Amount Rs 5,000
Load N.A.
Scheme Launch Date June 21, 2016
Scheme Closure Date July 5, 2016

UTI Mutual Fund

Scheme Name UTI – Dual Advantage Fixed Term Fund Series III -II (1278 Days)
Scheme Type Close-ended
Scheme Category Income
Scheme Objective The scheme looks to invest in fixed income securities, which are about to mature or before their maturity date, to yield income and reduce the volatility in interest rate.
Minimum Subscription Amount Rs 5,000
Load No entry load, exit load-Nil at maturity
Scheme Launch Date June 21, 2016
Scheme Closure Date July 5, 2016
Must Read  How to Select a Mutual Fund?

It’s hard to predict how these new schemes will fare in the future. But it is important for you to know the risk that you are willing to take on your investments. Risk-averse investors should most probably choose the schemes that are going to invest a major portion in debt and money market instruments, which assure stable flow of income. However, if you can take risk for extra return and capital growth, equity-focused fund schemes will align perfectly with you.