Kotak Special Opportunities Fund, 2 other mutual fund NFOs are open for subscription

Three mutual fund NFOs, from Aditya Birla Sun Life Mutual Fund, Kotak Mutual Fund, and Baroda BNP Paribas Mutual Fund, are open for subscription this week, according to data by ACE MF.

These three mutual fund NFOs are from one category - thematic funds. A quant fund, special opportunities fund, and a manufacturing fund are available for subscription this week. All these three NFOs are open for subscription and will close on June 24.

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Aditya Birla Sun Life Quant Fund

The fund is an open-ended equity scheme following a Quant based investment theme. The fund will be benchmarked against Nifty 200 TRI. The scheme will be managed by Harish Krishnan.

The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related securities based on quant model themes. The minimum investment amount is Rs 500 and in multiples of Re 1 thereafter. The scheme will invest 80-100% in equity and equity related instruments based on quant model theme, 0-20% in equity and equity related instruments other than quant model theme, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.

Kotak Special Opportunities Fund

The scheme is an open-ended equity scheme following the Special Situations Theme. The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Devender Singhal and Arjun Khanna.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in opportunities presented by Special Situations such as Company Specific Event/Developments, Corporate Restructuring, Government Policy change and/or Regulatory changes, Technology led Disruption/ Innovation or companies going through temporary but unique challenges and other similar instances.

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Baroda BNP Paribas Manufacturing Fund

The scheme will be an open-ended equity scheme predominantly investing in manufacturing theme. The scheme will be benchmarked against Nifty India Manufacturing TRI. The scheme will be managed by Jitendra Sriram. The minimum investment amount for lumpsum investment is Rs 1,000 and in multiples of Re 1 thereafter. For SIP, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The scheme will invest 80-100% in equity and equity related instruments of companies having manufacturing theme, 0-20% in other equity and equity related instruments of companies other than having manufacturing theme, 0-20% in debt and money market instruments, 0-10% in units of mutual funds, and 0-10% in units issued by REITs and InvITs.