New fund offers: 9 mutual funds and 2 SIFs are open for subscription now. Check dates and details
By Surbhi Khanna, ET Online |
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Fund debut
Around nine mutual funds and two SIFs are open for subscription now. Fund houses launch new funds to complete their bouquet of existing offerings. Here is a detailed breakdown of new funds available for subscription (Source: ACE MF)
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Four ETFs
Four ETFs - Zerodha Nifty Next 100 ETF, HDFC FTSE India Equity ETF, Nippon India CRISIL-IBX FAR Gilt ETF and Aditya Birla SL BSE Total Market ETF are open for subscription and will close on October 5, October 7, October 12 and October 14 respectively.
The minimum investment amount in Zerodha Nifty Next 100 ETF and Nippon India CRISIL-IBX FAR Gilt ETF is Rs 1,000 whereas the minimum investment amount in HDFC FTSE India Equity ETF and Aditya Birla SL BSE Total Market ETF is Rs 500.
The minimum investment amount in Zerodha Nifty Next 100 ETF and Nippon India CRISIL-IBX FAR Gilt ETF is Rs 1,000 whereas the minimum investment amount in HDFC FTSE India Equity ETF and Aditya Birla SL BSE Total Market ETF is Rs 500.
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Two index funds
Motilal Oswal Nifty REITs & Realty Index Fund and Aditya Birla SL BSE Total Market Index Fund are open for subscription and will close on October 9 and October 14 respectively. The minimum investment amount is Rs 500 each
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Two SIFs
Titanium Active Asset Allocator Long-Short Fund by Tata Mutual Fund and MSIF Equity Long-Short Fund by Mahindra Manulife Mutual Fund are open for subscription and will close on October 7 and October 14 respectively. The minimum investment amount is Rs 10 lakh each.
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ICICI Pru Contra Fund
ICICI Pru Contra Fund, a contra fund, is open for subscription and will close on October 12. The minimum investment amount is Rs 1,000.
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WOC Diversified Equity Small Cap Active FOF
WOC Diversified Equity Small Cap Active FOF, a passive small cap fund, is open for subscription and will close on October 12. The minimum investment amount is Rs 500.
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Mirae Asset Life Cycle Fund 2056
Mirae Asset Life Cycle Fund 2056, a life cycle fund by Mirae Asset Mutual Fund, is open for subscription and will close on October 12. The minimum investment amount is Rs 5,000.
