ICICI Prudential Mutual Fund has launched the new fund offer (NFO) of ICICI Prudential Capital Protection Oriented Fund IV for 60 months. Subscription for the closed-ended income scheme ends on August 1. The investment objective of the scheme is to protect capital by investing a portion of the portfolio in highest-rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity-related securities that would be maturing on or before the maturity of the plan under the scheme.
Reliance MF’s dual advantage fund
Reliance Mutual Fund has launched an NFO of Reliance Dual Advantage Fixed Tenure Fund IV. Subscription time for the close-ended income scheme ends on July 31 and the investment objective of the scheme is to generate returns and reduce interest-rate volatility by investing in a portfolio of fixed income securities.
JPMorgan MF’s equity offshore fund
JPMorgan Mutual Fund has launched the new fund offer (NFO) called JPMorgan US Value Equity Offshore Fund. An open-ended income scheme, its investment objective is to provide long-term capital growth by investing predominantly in the JPMorgan Funds — US Value Fund, an equity fund that invests primarily in a value style biased portfolio of US companies. The NFO, which is currently open for subscription, closes on July 31.
ICICI Pru MF’s CNX 100 ETF
ICICI Prudential Mutual Fund has launched ICICI Prudential CNX 100 ETF. The NFO of the open-ended income scheme, which opened for subscription on July 19, will close on August 16. The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index.
IIFL FMP Series-1 declares dividend
IIFL Mutual Fund has declared dividend under the dividend option of IIFL Fixed Maturity Plan-Series-1. The record date for dividend is July 22 and the quantum of dividend will be the entire distributable surplus as on record date on the face value of R10 per unit.
ICICI Prudential MF declares dividend
ICICI Prudential Mutual Fund has declared dividend under its direct plan-dividend options and regular plan-dividend options of ICICI Prudential Blended Plan A. The rate of dividend is R0.07 per unit under plan on the face value of R10 per unit.