Mutual fund NFO: Only 1 new fund will open for subscription this week. Check dates and key details
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New fund in pipeline
Only one new fund will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakdown of new fund (Source: ACE MF)
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A close ended fund
DSP FMP 280-90D Fund will be a close ended debt scheme with a relatively low interest rate risk and moderate credit risk.
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NFO Period
The new fund offer or NFO of this close ended fund will open for subscription on November 13 and will close on November 17.
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Benchmark and fund manager
The performance of the fund will be benchmarked against NIFTY Liquid Index B-I. The fund will be managed by Karan Mundhra, Shalini Vasanta and Kunal Khudania.
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Asset allocation
This fixed maturity plan fund will allocate 0-100% in debt and money market instruments, according to the scheme information document.
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Suitability
The fund will be suitable for investors who are seeking income over a short-term investment horizon and investment in debt & money market instruments maturing on or before maturity of the scheme.