New Mutual Fund NFOs Open for Subscription Now; Explore these Six New Funds
Here are six new mutual fund options that have opened up for subscription for investors who want to diversify their portfolios. The latest basket includes four index funds and two FoFs across technology, healthcare, financial services, and gold. A look at each fund and the unique investment potential is as follows.
1. Groww Gold ETF Fund of Funds FoF
Groww Gold ETF FoF is for those investors who want to diversify their investment with gold. This fund-of-funds product pools investor money into gold ETFs instead of direct purchases of gold. This is a way to gain access to the performance of gold in a convenient, managed format. For those interested in this approach, the subscription is open till October 30.
2. Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
Motilal Oswal’s Nifty MidSmall IT and telecom index fund by Motilal Oswal is focused on the mid and small-cap segments within the IT and telecom sectors. Designed for those interested in the growth potential within technology and telecommunications, this fund tracks a carefully selected group of companies within these industries. Investors can subscribe to this fund until November 6.
3. Motilal Oswal Nifty MidSmall Healthcare Index Fund
Aimed at capitalizing on the healthcare sector’s mid- and small-cap companies, the Motilal Oswal Nifty MidSmall Healthcare Index Fund provides targeted exposure to an industry that has shown resilience and growth potential. This index fund, also available for subscription until November 6, offers an opportunity for investors focused on long-term healthcare trends.
4. Motilal Oswal Nifty MidSmall India Consumption Index Fund
The Nifty MidSmall India Consumption Index Fund from Motilal Oswal targets companies involved in India’s consumption-driven sectors. It looks to invest in those firms driving the consumption story for India, especially within mid and small-cap groups. The subscription window will be open till November 6.
5. Motilal Oswal Nifty MidSmall Financial Services Index Fund
Investors interested in the financial services sector can consider the Motilal Oswal Nifty MidSmall Financial Services Index Fund. This mutual fund focuses on financial service companies that come under mid and small-cap ranges, which expose investors to a dynamic economy that should grow in the future. The subscription window for this scheme will remain open up to 6 November.
6. Zerodha Gold ETF Fund of Funds (FoF)
Zerodha’s Gold ETF FoF presents another gold focused fund option for investors. This fund of funds aggregates investments across various gold ETFs, allowing individuals to benefit from gold’s stability and hedge potential in times of market uncertainty. The subscription for Zerodha’s Gold ETF FoF remains open until November 8.
Conclusion
These six NFOs offer a gamut of choices for investors to pick from, depending on whether they have a sector-specific requirement or investment in gold for safety. Each fund will now meet the varied financial objectives and investment styles that exist for investors, giving them a new avenue for diversification and growth.
