Aditya Birla SL CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Aditya Birla SL CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is an open-ended Constant Maturity Index Fund that tracks the CRISIL-IBX Financial Services 3-6 Months Debt Index, with relatively low interest rate risk and credit risk.
The scheme’s objective is to generate returns corresponding to the total returns of the securities represented by the CRISIL-IBX Financial Services 3-6 Months Debt Index, before expenses and subject to tracking errors.The scheme will be benchmarked against the CRISIL-IBX Financial Services 3-6 Months Debt Index and will be managed by Harshil Suvarnkar and Sanjay Pawar.
Also Read | Year-ender 2024: 14 large cap mutual funds offer over 20% return in 2024
The minimum amount for lump sum investment is Rs 1,000, with additional investments in multiples of Re 1 thereafter. For the monthly Systematic Investment Plan (SIP), the minimum amount is Rs 1,000, with subsequent investments in multiples of Re 1 thereafter.
ICICI Prudential Nifty 500 Index Fund
ICICI Prudential Nifty 500 Index Fund is an open-ended index scheme replicating the Nifty 500 Index. The scheme’s objective is to invest in companies whose securities are included in the Nifty 500 Index and, subject to tracking errors, endeavor to achieve the returns of the index.This will be done by investing in all the stocks comprising the Nifty 500 Index, in the same weightage as they represent in the index.The scheme will be benchmarked against the Nifty 500 TRI and will be managed by Nishit Patel, Priya Sridhar, and Ashwini Shinde. The minimum investment amount is Rs 100, with subsequent investments in multiples of Re 1.
Edelweiss BSE Capital Markets & Insurance ETF
Edelweiss BSE Capital Markets & Insurance ETF is an open-ended exchange-traded scheme replicating or tracking the BSE Capital Markets & Insurance Total Return Index.
Also Read | Taking Stock: Mutual fund SIP investors made up to 60% return in 2024
The investment objective of the scheme is to generate returns in line with the performance of the BSE Capital Markets & Insurance Total Return Index, subject to tracking errors.
The scheme will be benchmarked against the BSE Capital Markets & Insurance TRI and will be managed by Bhavesh Jain. The minimum investment amount is Rs 5,000, with subsequent investments in multiples of Re 1.
