Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
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New options available
Around five new funds will open for subscription next week. Fund houses launch new funds to complete their bouquet of existing offerings. Here is a detailed breakdown of upcoming funds (Source: ACE MF)
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Category breakdown
Of these five funds, four will be passively managed, and one will be actively managed.
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Two from Invesco India Mutual Fund
Invesco India Silver ETF and Invesco India Silver ETF FOF will open for subscription on October 27 and will close on November 9. The minimum investment amount will be Rs 5,000 and Rs 1,000, respectively.
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UTI Financial Services Debt Fund
UTI Financial Services Debt Fund will open for subscription on October 27 and will close on November 2. The minimum investment amount will be Rs 500.
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Kotak Nifty Realty Index Fund
Kotak Nifty Realty Index Fund will open for subscription on October 26 and will close on November 9. The minimum investment amount will be Rs 1,000.
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ICICI Pru BSE Power ETF
ICICI Pru BSE Power ETF will open for subscription on October 26 and will close on October 30. The minimum investment amount will be Rs 1,000.