Mutual fund NFOs: 7 schemes collect Rs 460 crore in June; WhiteOak Capital Aggressive Hybrid Fund leads
1/5
New launches in June
A total of seven new funds were launched in June, all of which were open-ended funds. These seven schemes together mobilised Rs 460 crore. Here is a detailed break-up (Source: AMFI).
2/5
Index Funds
Three index funds - Kotak Nifty Alpha Low Volatility 30 Index Fund, Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund and Motilal Oswal BSE Clean Environment Index Fund - were launched in June, which together collected Rs 48 crore. Out of these three funds, Motilal Oswal BSE Clean Environment Index Fund contributed the maximum at Rs 36 crore.
3/5
ETFs
Two ETFs - ICICI Prudential Nifty Smallcap 250 ETF and Groww Nifty Smallcap 250 Momentum Quality 100 ETF - were launched in June, which together collected Rs 15 crore. Out of these two ETFs, ICICI Prudential Nifty Smallcap 250 ETF contributed the maximum at Rs 9 crore.
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4/5
Aggressive hybrid fund
WhiteOak Capital Aggressive Hybrid Fund, the only aggressive hybrid fund launched in June, mobilised Rs 310 crore.
5/5
Large & midcap fund
The Wealth Company Large & Mid Cap Fund, the only large and mid cap fund launched in June, collected Rs 87 crore.