ICICI Prudential Mutual Fund (MF) has declared dividend under ICICI Prudential Equity - Arbitrage Fund. The record date for the same is October 23, 2019.

The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.0434 under Dividend, and Rs 0.0517 under Direct Plan - Dividend.

SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 21 (1109 Days), a close ended debt scheme. The NFO opens for subscription on October 17, 2019 and closes on October 21, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Medium Term Debt Index and its fund manager is Ranjana Gupta.

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.

Mirae Asset Mutual Fund (MF) has launched the Mirae Asset Overnight Fund, an open ended debt scheme. The NFO opens and closes for subscription on October 15, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Mahendra Kumar Jajoo.

The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Axis Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘ Axis Special Situations Fund ' . The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed / switched-out within 12 months - For 10% of investment will be Nil; For remaining investment it will be 1%; If redeemed/switched out after 12 months from the date of allotment exit load will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore

The performance of the scheme will be benchmarked against NIFTY 500 TRI. 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 long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.

Baroda Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Baroda Small Cap Fund‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If Units are redeemed upto 10% of the Units, on or before 365 days from the date of allotment of Units will be Nil; If Units are redeemed over and above the 10% limit, on or before 365 days from the date of allotment of Units will be 1% of the applicable Net Asset Value (NAV); If Units are redeemed after 365 days from the date of allotment of Units will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against NSE Small Cap 100 TRI. 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 consistent long term capital appreciation by investing predominantly in equity and equity related securities of Small Cap Companies.