New fund offers: 8 mutual funds and 2 SIFs to open for subscription this week. Check dates and key details
1/7
New funds in pipeline
Around eight new funds and two SIFs will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakdown (Source: ACE MF)
2/7
Category spread
Among these eight funds, four will be index funds, two ETFs, one liquid fund and one smallcap fund.
3/7
Four index funds
Quant Nifty 50 Index Fund, Quant Nifty 100 Index Fund, and Quant Nifty Midcap 150 Index Fund will open for subscription on October 12 and will close on October 26. The minimum investment amount will be Rs 5,000 each. Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index Fund will open for subscription on October 12 and will close on October 26. The minimum investment amount will be Rs 500.
4/7
Two ETFs
ICICI Pru Nifty Pharma ETF and Zerodha BSE Top 10 Banks ETF will open for subscription on October 12 and will close on October 19 and October 26, respectively. The minimum investment required will be Rs 1,000 each.
5/7
Two from Vikas Khemani’s Carnelian Asset Management
Carnelian Liquid Fund will open for subscription on October 12 and will close on October 14. Carnelian Small Cap Fund will open for subscription on October 16 and will close on October 30. The minimum application amount will be Rs 500 each.
6/7
Summit Active Asset Allocator Long-Short Fund
Summit Active Asset Allocator Long-Short Fund, a SIF by Invesco Mutual Fund, will open for subscription on October 12 and will close on October 26. The minimum investment required will be Rs 10 lakh.
7/7
Eminence Hybrid Long-Short Fund
Eminence Hybrid Long-Short Fund, a SIF by AlphaGrep Mutual Fund, will open for subscription on October 14 and will close on October 28. The minimum investment amount will be Rs 10 lakh.