Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
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New funds in pipeline
Around five new funds will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakup of upcoming mutual funds (Source: ACE MF)
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From same basket
These five funds will be from the same basket. All these five funds will be passive funds with all being index funds.
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Two from Invesco India Mutual Fund
Invesco India Nifty Chemical Index Fund and Invesco India Nifty India Defence Index Fund will open for subscription on September 15 and will close on September 29. The minimum investment amount will be Rs 100 each.
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Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund will open for subscription on September 15 and will close on September 22. The minimum investment amount will be Rs 5,000.
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Kotak Nifty Capital Markets Index Fund
Kotak Nifty Capital Markets Index Fund will open for subscription on September 15 and will close on September 29. The minimum investment amount will be Rs 1,000.
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HDFC BSE REITS and Commercial Real Estate Index Fund
HDFC BSE REITS and Commercial Real Estate Index Fund will open for subscription on September 15 and will close on September 17. The minimum investment amount will be Rs 100.