New fund offers: 9 mutual funds and 2 SIFs will open for subscription this week: Check details

Around nine mutual funds and two SIFs are set to open for subscription this week. Of these, seven mutual funds and both SIFs will open for subscription on August 10. Fund houses typically launch new schemes to expand and complete their existing product offerings. Here is a detailed breakup (Source: ACE MF).

Apex Equity Long-Short Fund and Apex Equity Ex-Top 100 Long-Short Fund will open for subscription on August 10 and will close on August 24. The minimum application amount is Rs 10 lakh for each fund.

UTI Nifty 500 ETF will open for subscription on August 10 and will close on August 24. DSP Nifty 10 yr Benchmark G-Sec ETF and Mirae Asset BSE LargeMid (60:40) Stable Dividend 50 ETF will open for subscription on August 10 and will close on August 12. The minimum application amount will be Rs 5,000 for each of the three funds.

Zerodha Arbitrage Fund will open for subscription on August 12 and will close on August 14. The fund will be available under the direct plan, and the minimum investment amount will be Rs 5,000.

SBI Balanced Hybrid Fund will open for subscription on August 10 and will close on August 24. The minimum investment amount will be Rs 5,000.

UTI Nifty 500 Index Fund will open for subscription on August 10 and will close on August 24. The minimum investment amount will be Rs 1,000.

Bandhan Contra Fund will open for subscription on August 10 and will close on August 24. The minimum investment amount will be Rs 1,000.

WOC Dividend Yield Fund will open for subscription on August 10 and will close on August 24. The minimum investment amount will be Rs 500.

ASK Liquid Fund will open for subscription on August 12 and will close on August 25. The minimum investment amount will be Rs 500.