New fund offers: 5 mutual funds and 1 SIF will open for subscription this week. Check dates and key details
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New options in pipeline
Around five mutual funds and one SIF will open for subscription this week (September 7-11). Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakup (Source: ACE MF)
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Category spread
Among these five funds, four funds will be passive funds and one fund will be an active fund. The SIF will be from equity long-short strategy.
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Two index funds
Axis Nifty500 Low Volatility 50 Index Fund and Mirae Asset BSE Information Technology Index Fund will open for subscription on September 8 and September 9 respectively. Both these funds will close on September 22. The minimum application amount will be Rs 100 and Rs 5,000 respectively.
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Shriram Gold ETF Passive FOF
Shriram Gold ETF Passive FOF will open for subscription on September 11 and will close on September 24. The minimum application amount will be Rs 500.
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Kotak Multi Sector Omni FOF
Kotak Multi Sector Omni FOF will open for subscription on September 8 and will close on September 22. The minimum application amount will be Rs 1,000.
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JioBlackRock Balanced Advantage Fund
JioBlackRock Balanced Advantage Fund will open for subscription on September 11 and will close on September 25. The minimum application amount will be Rs 500.
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Altiva Equity Long-Short Fund
Altiva Equity Long-Short Fund will open for subscription on September 10 and will close on September 24. The minimum application amount will be Rs 10 lakh.