Mutual fund NFOs: 3 new funds will open for subscription this week
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Fund debut
Around three new funds will open for subscription this week. New fund launches aim to fill gaps in mutual fund houses' product baskets. Here is a detailed breakdown, according to data by Value Research.
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From same fund basket
These three new funds that will open for subscription will be from the same fund basket. All three funds will be passive funds; two of them will be index funds, and one will be an ETF.
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UTI BSE India Sector Leaders Index Fund
UTI BSE India Sector Leaders Index Fund will open for subscription on August 31 and will close on September 11. The minimum investment amount will be Rs 1,000.
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UTI BSE India Sector Leaders ETF
UTI BSE India Sector Leaders ETF will open for subscription on August 31 and will close on September 11. The minimum investment amount will be Rs 5,000.
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Navi Nifty REITs & Realty Index Fund
Navi Nifty REITs & Realty Index Fund will open for subscription on September 1 and will close on September 10. The minimum investment amount will be Rs 100.
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Willing to invest?
Choose a fund based on your investment horizon, risk appetite and financial goals not based on where others are investing.