NFOs : 7 mutual funds and 3 SIFs are open for subscription. Check details

Around seven mutual fund NFOs and three SIFs are open for subscription now. Mutual fund houses launch new funds to complete their bouquet of offerings. Here is a detailed list of new funds available (Source: ACE MF)

Among these seven funds, four are ETFs, two are index funds, and one is contra fund. On a broader term, six funds are passive funds, one is an active fund whereas the SIFs are two different strategies.

Edelweiss Nifty Next 50 ETF will close on May 14. SBI Nifty200 Value 30 ETF and SBI Nifty Smallcap 250 ETF will close on May 18 and Groww Nifty Private Bank ETF will close on May 20.

Axis Nifty Capital Markets Index Fund will close on May 15 whereas Groww Nifty Private Bank Index Fund will close on May 20.

Motilal Oswal Contra Fund, a contra fund, is open for subscription and will close on May 22.

Titanium Equity Long-Short Fund, a SIF by Tata Mutual Fund, will close for subscription on May 11. Arthaya Equity Long Short Fund, a SIF by Union Mutual Fund, will close for subscription on May 18.

QSIF Sector Rotation Long-Short Fund, a SIF by Quant Mutual Fund, is open for subscription and will close on May 11.