NFO Alert: Mutual Fund Launch 2 New Schemes, Know Subscription Date
A mutual fund is an investment fund that collects money from many investors to purchase securities. Mutual funds launch 2 new schemes that will be open for subscription this week. These two funds are associated with different categories; the funds belong to the gilt fund and the thematic fund.
Mutual funds are categorised by their main investments, like money market funds, stock funds, bond funds, and hybrid funds. Mutual funds can also be categorised as index funds that track an index’s performance and actively managed funds that try to outperform the index.
Bajaj Finserv Gilt Fund
Bajaj Finserv Mutual Fund has launched the Bajaj Finserv Gilt Fund. It is an open-ended debt scheme that invests in government securities with different maturity periods and involves higher interest rate risk but lower credit risk.
Bajaj Finserv Gilt Fund is a category of gilt fund that will open for subscription on 30th December 2024 and will be closed 13th January 2025.
UTI Quant Fund
UTI Mutual Fund has introduced the UTI Quant Fund, which is an open-ended equity scheme that focuses on long-term capital growth on the basis of a quantitative investment approach.
UTI Quant Fund is a type of thematic fund, and the fund is going to open for subscription on 2th January 2025 and will be closed on 16th January 2025.
Conclusion
Mutual funds can be beneficial for long-term investors because they provide diversification, expert management, and availability.
Investors can purchase mutual funds through an online broker or with the help of a fund manager. Before investing in mutual funds, investors should consider how much risk they can handle, the time they want to stay invested, and what they want to get at the end.
High-risk mutual funds are based on assets that have high volatility, like stocks or emerging markets. The returns are more volatile as compared to the conservative investments but have higher returns in the long term.
