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

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 NameAxis Hybrid Fund – Series 31 (1381 Days)
Scheme TypeClose-ended
Scheme CategoryIncome
Scheme ObjectiveThe 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 AmountRs 5,000 and in multiples of Rs 10 from thereon
LoadN.A.
Scheme Launch DateJune 29, 2016
Scheme Closure DateJuly 13, 2016

BOI AXA Mutual Fund

Scheme NameBOI AXA MID CAP EQUITY & DEBT FUND
Scheme TypeOpen-ended
Scheme CategoryGrowth
Scheme ObjectiveThis scheme is envisaged to appreciate your capital and distribute income to investors from a mix of equity and fixed income securities.
Minimum Subscription AmountRs 5,000
Load1% if you reedem within a year from the allotment date
Scheme Launch DateJune 29, 2016
Scheme Closure DateJuly 13, 2016
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DSP BlackRock Mutual Fund

Scheme NameDSP BlackRock Dual Advantage Fund – Series 46 – 36M
Scheme TypeClose-ended
Scheme CategoryIncome
Scheme ObjectiveThis 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 AmountRs 5,000 and multiples of 1 afterward
LoadNIL. As the units will be listed on the stock exchanges, they can’t be redeemed directly.
Scheme Launch DateJune 21, 2016
Scheme Closure DateJuly 5, 2016

HDFC Mutual Fund

Scheme NameHDFC FMP 1112D June 2016 (1)
Scheme TypeClose-ended
Scheme CategoryIncome
Scheme ObjectiveThe 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 AmountRs 5,000
LoadN.A.
Scheme Launch DateJune 28, 2016
Scheme Closure DateJuly 5, 2016

ICICI Prudential Mutual Fund

Scheme NameICICI Prudential Capital Protection Oriented Fund – Series X – 1375 Days Plan B
Scheme TypeClose-ended
Scheme CategoryIncome
Scheme ObjectiveThis 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 AmountRs 5,000
LoadN.A.
Scheme Launch DateJune 21, 2016
Scheme Closure DateJuly 5, 2016

UTI Mutual Fund

Scheme NameUTI – Dual Advantage Fixed Term Fund Series III -II (1278 Days)
Scheme TypeClose-ended
Scheme CategoryIncome
Scheme ObjectiveThe 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 AmountRs 5,000
LoadNo entry load, exit load-Nil at maturity
Scheme Launch DateJune 21, 2016
Scheme Closure DateJuly 5, 2016
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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.

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