3 passive mutual fund NFOs to open on Monday. Check key details
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New funds in pipeline
Three passive funds will open for subscription on Monday, i.e. October 5 and will close on October 19. Here is a detailed breakdown (Source: ACE MF)
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Why new funds?
Mutual fund houses are launching new schemes to expand and complete their range of offerings.
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JioBlackRock Income Plus Arbitrage Omni FoF
JioBlackRock Income Plus Arbitrage Omni FoF will be a debt-oriented FoF (domestic). The minimum application amount will be Rs 500.
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Kotak Nifty 500 Index Fund
Kotak Nifty 500 Index Fund will be an index fund by Kotak Mutual Fund. The minimum application amount will be Rs 1,000.
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HDFC Nifty LargeMidcap 250 Plus 8-13 yr G-Sec 70:30 Index Fund
HDFC Nifty LargeMidcap 250 Plus 8-13 yr G-Sec 70:30 Index Fund will be a debt-oriented index fund. The minimum application amount will be Rs 100.
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Willing to invest?
If you are willing to invest in these funds, then choose funds based on your risk appetite, investment horizon and financial goals.