​4 mutual fund NFOs to open for subscription this week

Four mutual fund NFOs will open for subscription this week. These funds are index funds offered by Motilal Oswal Mutual Fund. (Source: ACE MF)

The new fund offer (NFO) for these four funds will open for subscription on October 29 and close on November 6. The schemes will reopen for continuous sale and repurchase on November 19.

The minimum application amount for lump-sum and SIP investments is Rs 500, with subsequent investments in multiples of Re 1 for all four schemes. All schemes will be managed by Swapnil Mayekar and Rakesh Shetty.

This index fund is an open-ended fund that replicates or tracks the Nifty MidSmall IT and Telecom Total Return Index. The scheme will be benchmarked against the Nifty MidSmall IT and Telecom Total Return Index.

This index fund is an open-ended fund that replicates or tracks the Nifty MidSmall Financial Services Total Return Index. The scheme will be benchmarked against the Nifty MidSmall Financial Services Total Return Index.

This index fund is an open-ended fund that replicates or tracks the Nifty MidSmall Financial Services Total Return Index. The scheme will be benchmarked against the Nifty MidSmall Financial Services Total Return Index.

This index fund is an open-ended fund that replicates or tracks the Nifty MidSmall Healthcare Total Return Index. The scheme will be benchmarked against the Nifty MidSmall Healthcare Total Return Index.

This index fund is an open-ended fund that replicates or tracks the Nifty MidSmall India Consumption Total Return Index. The scheme will be benchmarked against the Nifty MidSmall India Consumption Total Return Index.