Ahead of Diwali, leading fund houses have announced the launch of new fund offers in order to woo investors. The list of NFOs offered by leading fund houses include income schemes as well as ELSS Schemes that offer tax benefits under Section 80C. So in case you have investment or tax planning targets pending, these might just be the right opportunity to get back on track with your financial goals. The following is a short list of the NFOs being offered by leading fund houses like DSP, UTI Mutual Fund, Sundaram Mutual Fund, Reliance Mutual Fund and ICICI Prudential Mutual Fund.
Table 1. Names and key features of NFOs offered by Key Fund Houses
|
Scheme Name |
Scheme Type |
Launch and Closure Dates |
Scheme Category |
Minimum Subscription Amount |
| DSP Dual Advantage Fund – Series 49 – 42M |
Close Ended |
Launch- 24 Oct Closure- 7 Nov |
Income |
Rs. 5000 onwards |
| ICICI Prudential Multiple Yield Fund – Series 11 – Plan D 1361 Days |
Close Ended |
Launch-20 Oct Closure- 3 Nov |
Income |
Rs. 5000 onwards |
| Reliance Dual Advantage Fixed Tenure Fund X- Plan A |
Close Ended |
Launch-24 Oct Closure-7 Nov |
Income |
Rs. 5000 onwards |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series IV |
Close Ended |
Launch-27 Sept Closure-20 Mar 2017 |
ELSS (Tax Saver) |
Rs. 500 onwards |
| UTI Long Term Advantage Fund Series IV |
Close Ended |
Launch- 10 Oct Closure- 18 Jan 2017 |
ELSS (Tax Saver) |
Rs. 500 onwards |
The table above is just a short list of the NFOs you might be able to avail this Diwali. For additional information regarding these and other schemes, you can visit the respective fund house websites.
Happy Investing!!