IIFL Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named 'IIFL Overnight Fund'. The New Fund Offer price is Rs 1000 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked against CRISIL Overnight Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate returns by investing in debt and money market instruments with overnight maturity of 1 day.

SBI Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ' SBI Fixed Maturity Plan (FMP) - Series 31 to 40 '. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme for schemes with term to maturity upto 91 days will be benchmarked against Crisil Liquid Fund Index; for schemes with term to maturity between 92 days to 36 Months will be benchmarked against Crisil Short Term Bond Fund Index; for schemes with term to maturity more than 36 Months and upto 60 months will be benchmarked against CRISIL Medium Term Debt index; for schemes with term to maturity more than 60 Months and upto 96 months will be benchmarked against CRISIL Medium to Long Term Debt index, for schemes with term to maturity above 96 months will be benchmarked against CRISIL Long Term Debt Index.The minimum application amount for initial purchase is Rs 5000 and  in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

ICICI Prudential Asset Management Company (AMC) has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the schemes of ICICI Prudential Mutual Fund.

As per the announcement, the Official Point of Acceptance of Transactions (OPAT) of ICICI Prudential Asset Management Company (AMC) located at ICICI Prudential Asset Management Company Limited, Attic, Bell Villa, Above Indusind Bank, The Mall, Shimla- 171 001, Himachal Pradesh, is shifting to new premises with effect from December 09, 2019. New Address: ICICI Prudential Asset Management Company Limited, Unit No. 21, 1st Floor, The Mall Road, Shimla- 171 001, Himachal Pradesh.

All other provisions of the SID and KIM except as specifically modified herein above remain unchanged.

ICICI Prudential Asset Management Company (AMC) has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the schemes of ICICI Prudential Mutual Fund.

As per the announcement, the Official Point of Acceptance of Transactions (OPAT) of CAMS, the Registrar and Transfer Agent of the Fund located at Cams Service Centre, 44 Park Street, Saket Building, 2nd Floor, Kolkata- 700 016, West Bengal, Email id: camscal@camsonline.com, Contact No. 033- 46022413, 033- 46022414, is shifting to new premises with effect from December 16, 2019. New Address: Cams Service Centre, Kankaria Centre, 2/1, Russell Street, 2nd Floor, Kolkata- 700 071, West Bengal, Email id: camscal@camsonline.com.

All other provisions of the SID and KIM except as specifically modified herein above remain unchanged.

Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal Nifty 50 Index Fund (MOFNIFTY50), an open-ended scheme replicating/ tracking Nifty 50 Index. The NFO opens for subscription on December 03, 2019 and closes on December 17, 2019. Entry load is nil and Exit load will be 1%, if redeemed on or before 3 months from the date of allotment and Exit load will be nil, if redeemed after 3 months from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Nifty 50 Index TRI and its fund manager is Swapnil Mayekar.

The investment objective of the scheme is to seek investment return that corresponds to the performance of Nifty 50 Index subject to tracking error.