NFOs Alert: 14 Mutual Funds Out for Subscription
A New Fund Offer (NFO) is an initial public offering for a new fund launched by an Asset Management Company (AMC) to raise capital for a new mutual fund from investors. Mutual fund houses have introduced around 14 new mutual funds that are now open for subscription under various categories like index funds, thematic funds, ETFs, multi-cap funds and more.
Here are the list of NFOs open for subscription now. Have a look at it.
Index Funds
An index fund is a type of mutual fund that follows a benchmark index, such as the S&P 500 or Nifty 50.
There are around 4 index funds open for subscription, which will close between February 21 and March 3.
Sectorial Funds
A sectorial fund is a type of Mutual funds that invests in a specific sector of the economy, including technology, banking, infrastructure, etc
ITI Bharat Consumption Fund and HSBC Financial Services Fund are available for subscription. Their closing date is February 20.
Thematic Funds
Thematic funds invest in a particular theme or sector. For example, a healthcare-themed fund will focus on hospitals, pharmaceutical companies, and medical tools and equipment.
Invesco India Business Cycle Fund and Nippon India Active Momentum Fund are both out for subscription, which will close on February 20 and February 24, respectively.
Exchange-Traded Funds (ETFs)
It is a type of investment that invests in a large number of securities at once. Angel One Nifty Total Market ETF and Groww Nifty 200 ETF funds are out for subscription, which will close on February 21.
Fund of Funds (FOF)
It is an investment strategy that pools money from investors and invests in the portfolios of other funds rather than investing directly in stocks, bonds, or other securities.
Union Gold ETF FoF and Groww Nifty 200 ETF FOF are out for subscription, which will close on February 24 and February 21, respectively.
Multi-Cap Fund
This is a type of mutual fund that invests in various market capitalisations, including large-cap, mid-cap, and small-cap stocks. Bajaj Finserv Multi Cap Fund is open for subscription with a closing date of February 20.
Value Fund
open-ended equity fund that invests in stocks of companies that seem to be undervalued. Mahindra Manulife Value Fund is available for subscription with a closing date of February 21.
