Mutual fund NFOs: 8 new funds to open for subscription this week. Check key details
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Launch alert
Eight new funds are set to open for subscription this week, as mutual fund houses look to plug gaps in their product offerings. Here’s a detailed break-up (Source: ACE MF).
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Fund classification
The eight new fund offers (NFOs) span eight different categories. Of these, five are actively managed funds, while three are passive offerings.
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Two from Capitalmind Mutual Fund
Capitalmind Arbitrage Fund and Capitalmind Multi Asset Allocation Fund will open for subscription on February 23 and close on March 9. The minimum investment amount for both schemes is Rs 5,000.
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Abakkus Small Cap Fund
Abakkus Small Cap Fund will open on February 26 and close on March 12. The minimum investment amount is Rs 500.
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Aditya Birla SL BSE Top 10 Banks ETF
Aditya Birla SL BSE Top 10 Banks ETF will open on February 23 and close on February 25. The minimum investment amount is Rs 500.
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Canara Robeco Banking & Financial Services Fund
Canara Robeco Banking & Financial Services Fund will open on February 27 and close on March 13. The minimum investment amount is Rs 5,000.
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HDFC Income Plus Arbitrage Omni FoF
HDFC Income Plus Arbitrage Omni FoF will open on February 27 and close on March 11. The minimum investment amount is Rs 100.
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Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund will open on February 23 and close on February 25. The minimum investment amount is Rs 1,000.
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TRUSTMF Mid Cap Fund
TRUSTMF Mid Cap Fund will open on February 27 and close on March 13. The minimum investment amount is Rs 1,000.