New Mutual Fund NFOs Open for Subscription Across Diverse Categories
A total of seven mutual fund New Fund Offers (NFOs) are currently open for subscription, offering a wide range of investment options to investors. These NFOs span across different categories, including index funds, sectoral funds, thematic funds, short-duration funds, multi-asset allocation funds, and exchange-traded funds (ETFs).
Overview of the Current NFOs
Most mutual fund companies come up with new products to enrich their existing basket of offerings for the different investment objectives and tastes of investors. Here is a comprehensive list of the ongoing NFOs:
1. Index Funds
Two index funds remain open for application. SBI Nifty Bank Index Fund-SBI will go on until the end of this month January 31 and Axis Nifty500 Momentum 50 Index Fund will close on February 7.
2. Sectoral fund
Investment in the Baroda BNP Paribas Energy Opportunities Fund which is a sector-specific offer for energy opportunities has been opened for subscription till February 4.
3. Thematic Fund
The thematic fund Groww Nifty India Railways PSU Index Fund has been opened for subscription till January 30. This fund would provide an exposure to PSU undertakings in the Indian railways sector.
4. Short Duration Fund
The Union Short Duration Fund is open for subscription until January 28. It is suited for investors seeking moderate returns over a short-term horizon.
5. Multi-Asset Allocation Fund
The LIC MF Multi Asset Allocation Fund, which invests across multiple asset classes, is open for subscription at present. It will close on February 7.
6. ETF
Another addition to the list of exchange-traded funds (ETFs) available for subscription is Groww Nifty India Railways PSU ETF. It tracks the Indian railways sector just like its thematic fund equivalent, and will close on 30th January.
Conclusion
The closing date of each fund must be watched for, while considering and focusing on all NFOs is the basis on which they evaluate investment goals with financial interests in line. Considering there are diversified options, this brings out many varied NFO opportunities in diversified markets and varied approaches to these strategies.
