7 Mutual Fund NFOs to open this week; Madhu Lunawat’s The Wealth MF set to roll out 4 schemes
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NFO rush
Seven mutual funds will open for subscription this week. New fund launches aim to fill gaps in mutual fund houses' product baskets. Here is a detailed breakup (Source: ACE MF)
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Investment categories
Among these seven funds, two are flexi cap funds, two ETFs, a liquid fund, thematic fund, and an arbitrage fund. On a broader side, three flexi cap funds will open of which two are actively managed and one is a passive fund.
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Flexi cap funds
The JioBlackRock Flexi Cap Fund will open for subscription on September 23 and will close on September October 7. The Wealth Company Flexi Cap Fund will open for subscription on September 24 and will close on October 8.
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ETFs
Kotak Nifty 200 Momentum 30 ETF will open for subscription on September 22 and will close on October 6. DSP Nifty500 Flexicap Quality 30 ETF will open for subscription on September 25 and will close on October 6.
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Liquid fund
The Wealth Company Liquid Fund will open for subscription on September 24 and will close on October 8.
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Thematic fund
The Wealth Company Ethical Fund will open for subscription on September 24 and will close on October 8.
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Arbitrage fund
The Wealth Company Arbitrage Fund will open for subscription on September 24 and will close on October 8.