Mutual fund NFO: Only one passive fund opens for subscription this week. Check dates, details
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Fund in pipeline
Only one passive fund - Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund - will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here are details about the new fund (Source: ACE MF)
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Passive fund
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund will be an open-ended scheme replicating/tracking Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index - TRI.
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Subscription details
The new fund offer or NFO of the fund will open for subscription on April 1 and will close on April 15. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
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Benchmark and fund manager
The performance of the fund will be benchmarked against Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index - TRI and will be managed by Kedarnath Mirajkar.
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Minimum investment amount
The minimum investment amount will be Rs 100 and in multiples of any amount thereafter.
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Allocation of assets
The fund will allocate 95-100% in securities covered by Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index and 0-5% in debt and money market instruments, cash and cash equivalents.