Mutual fund NFOs this week: 8 launches, JioBlackRock MF to roll out 2 funds

Eight mutual fund new fund offers (NFOs) will open for subscription this week as fund houses look to complete and diversify their product portfolios. Here is a detailed break-up (Source: ACE MF).

Of the eight upcoming NFOs, two are debt funds, two are sectoral or thematic funds, one is a dividend yield fund, one a small-cap fund, one a gold-based fund of funds (FoF), and one a hybrid FoF. JioBlackRock Mutual Fund will launch two of these offerings.

Bank of India Banking & Financial Services Fund will open for subscription on January 8 and close on January 22. Mahindra Manulife Innovation Opportunities Fund will open on January 9 and close on January 23. The minimum investment amount is Rs 5,000 for the former and Rs 1,000 for the latter.

JioBlackRock Low Duration Fund and JioBlackRock Short Duration Fund will open for subscription on January 8 and close on January 13. The minimum investment amount for both schemes is Rs 500.

Sundaram Income Plus Arbitrage Active FoF will open for subscription on January 5 and close on January 8. The minimum subscription amount is Rs 5,000.

The Wealth Company Gold ETF FoF will open for subscription on January 9 and close on January 23, with a minimum subscription amount of Rs 5,000.

Groww Small Cap Fund will open for subscription on January 8 and close on January 22. The minimum subscription amount is Rs 500.

Kotak Dividend Yield Fund will open for subscription on January 5 and close on January 19. The minimum subscription amount is Rs 100.