New fund offers: 1 mutual fund and 1 SIF to open for subscription this week. Check details

One mutual fund and one SIF will open for subscription this week. Fund houses launch new funds to expand and complete their existing product offerings. Here is a detailed breakdown. (Source: ACE MF)

The SIF is based on a hybrid long-short strategy, while the mutual fund is an index fund, a passive investment vehicle.

RedHex Hybrid Long-Short Fund, a SIF by HSBC Mutual Fund, will open for subscription on June 2 and close on June 16. The minimum investment amount is Rs 10 lakh.

Motilal Oswal BSE Clean Environment Index Fund, an index fund by Motilal Oswal Mutual Fund, will open for subscription on June 5 and close on June 19. The minimum investment amount is Rs 500.

Investors should always choose a fund based on their risk appetite, investment horizon and financial goals. Avoid making investment decisions solely based on where others are investing.