Mutual Fund NFOs: 5 new funds open for subscription this week. Check dates, details

Around five new mutual fund schemes will open for subscription next week as fund houses continue to expand their product offerings. Here's a detailed breakdown. (Source: ACE MF)

Of the five new fund launches, two are ETFs, two are fund of funds (FoFs), and one is a flexi cap fund. Overall, four are passive funds, while one is an actively managed fund.

HDFC Nifty Metal ETF and HDFC Nifty Metal ETF FoF will open for subscription on July 20. The ETF will close on July 24, while the FoF will close on August 3. The minimum investment amount is Rs 500 for the ETF and Rs 100 for the FoF

ICICI Prudential BSE Insurance ETF will open for subscription on July 20 and close on July 28. The minimum investment amount is Rs 1,000.

SBI Nifty Midcap 150 Momentum 50 ETF FoF will open for subscription on July 22 and close on August 4. The minimum investment amount is Rs 5,000.

AlphaGrep Flexi Cap Fund will open for subscription on July 22 and close on August 4. The minimum investment amount is Rs 500.