6 mutual fund NFOs to open for subscription this week. Check dates and key details

Around six new mutual funds will open for subscription this week. Mutual fund houses are launching new schemes to expand and complete their range of offerings. Here is a detailed breakdown (Source: ACE MF)

Among these six new funds, three will be passive, while the other three will be actively managed. Out of these six funds, two funds each will be from Mirae Asset Mutual Fund and NJ Mutual Fund and the other two will be from Edelweiss Mutual Fund and AlphaGrep Mutual Fund.

Mirae Asset BSE Midcap 150 Momentum 30 ETF and Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF will open for subscription on July 6 and will close on July 13. The minimum application amount in both funds will be Rs 5,000 each.

NJ Value Fund and NJ Momentum Fund will open for subscription on July 10 and will close on July 24. The minimum application amount in both funds will be Rs 500 each.

AlphaGrep Multi Asset Allocation Fund will open for July 6 and will close on July 20. The minimum application amount in this fund will be Rs 500.

Edelweiss Nifty Metal ETF will open for subscription on July 6 and will close on July 20. The minimum investment amount will be Rs 5,000.