Mutual fund NFOs: 8 new funds to open for subscription this week. Check key details
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New funds in pipeline
Around eight new mutual funds will open for subscription this week; five of these funds will open on August 17. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakup (Source: ACE MF)
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Two FoFs
Nippon India Income Plus Arbitrage Omni FOF and Quant Income Plus Arbitrage Active FoF will open for subscription on August 17 and close on August 31. The minimum investment amount will be Rs 500 and Rs 5,000 respectively.
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Multi asset allocation funds
ITI Multi Asset Allocation Fund will open for subscription on August 17 and close on August 31. The minimum application amount will be Rs 5,000.
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Quantum Flexi Cap Fund
Quantum Flexi Cap Fund will open for subscription on August 21 and will close on September 4. The minimum application amount will be Rs 500.
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Invesco India Pharma and Healthcare Fund
Invesco India Pharma and Healthcare Fund will open for subscription on August 18 and close on September 1. The minimum application amount will be Rs 1,000.
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Quant Silver ETF
Quant Silver ETF will open for subscription on August 17 and close on August 19. The minimum application amount will be Rs 2,000.
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Edelweiss Ultra Short Term Fund
Edelweiss Ultra Short Term Fund will open for subscription on August 17 and will close on August 24. The minimum application amount will be Rs 100.
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DSP Financial Services Sectoral Debt Fund
DSP Financial Services Sectoral Debt Fund will open for subscription on August 17 and close on August 24. The minimum application amount will be Rs 100.