5 mutual fund NFOs and 1 SIF to open for subscription this week. Check details

Around five new mutual funds and one SIF will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed break-up (Source: ACE MF).

Axis Nifty Capital Markets Index Fund will open for subscription on May 4 and will close on May 15. The minimum application amount is Rs 100.

Edelweiss Nifty Next 50 ETF will open for subscription on May 4 and will close on May 14. The minimum application amount is Rs 5,000.

Groww Nifty Private Bank ETF and Groww Nifty Private Bank Index Fund will open for subscription on May 6 and will close on May 20. The minimum investment amount in both these funds will be Rs 500 each.

Motilal Oswal Contra Fund will open for subscription on May 8 and will close on May 22. The minimum investment amount is Rs 500.

Arthaya Equity Long Short Fund will open for subscription on May 4 and will close on May 18. The minimum investment amount is Rs 10 lakh.