7 mutual fund NFOs are open for subscription now
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New funds
Seven mutual fund NFOs are open for subscription now. Mutual fund houses launch new funds to complete their bouquet of offerings. Here is the breakup based on categories (Source: ACE MF)
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Index funds
Four index funds are open for subscription now. DSP Nifty Healthcare Index Fund, DSP Nifty IT Index Fund, and Tata Nifty Midcap 150 Index Fund will close on June 16. Motilal Oswal BSE 1000 Index Fund will close on June 19.
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Large & mid cap fund
Samco Large & Mid Cap Fund, the only large & mid cap fund open for subscription, will close on June 19.
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ETF
Groww Nifty 500 Low Volatility 50 ETF, the only ETF now open for subscription, will close on June 11.
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Fund of fund investing domestically
Nippon India Income Plus Arbitrage Active FoF will close for subscription on June 11.
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Want to invest?
One should always choose the fund that suits your risk profile, investment horizon, and goals.