7 mutual fund NFOs to open for subscription this week. Check key details
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New funds in pipeline
Seven mutual funds will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is the detailed breakup (Source: ACE MF)
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Category spread
Among these seven funds, five are ETFs, one is a sectoral fund, and one is a fund of funds investing domestically
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Bandhan Mutual Fund
Bandhan Mutual Fund will launch two funds - Bandhan Gold ETF and Bandhan Silver ETF. The new fund offer or NFOs of the scheme will open for subscription on December 1 and will close on December 3
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Mirae Asset Mutual Fund
Mirae Asset Mutual Fund will launch two funds - Mirae Asset Nifty Top 20 Equal Weight ETF and Mirae Asset BSE 500 Dividend Leaders 50 ETF. The new fund offers or NFO of the funds will open for subscription on December 2 and will close on December 10
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Groww Nifty Metal ETF
Groww Nifty Metal ETF will open for subscription on December 3 and will close on December 17
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Sectoral fund
Union Consumption Fund, a consumption based fund, will open for subscription on December 1 and will close on December 15
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Groww makes a strong debut with 12% gain on listing day
Groww Multi Asset Omni FOF will open for subscription on December 3 and will close on December 17