NFO Insights: 5 Mutual Fund Schemes Launching This Week
Five new mutual funds are set to launch for subscription this week. Out of these, two are active funds, and three are passive funds.
1. Unifi Dynamic Asset Allocation Fund
The Unifi Dynamic Asset Allocation Fund aims to generate income and capital appreciation by investing in a dynamic mix of fixed-income instruments, equities, equity derivatives, and other permissible instruments. It will open for subscription on March 3 and will close on March 7. The minimum investment amount is Rs. 5,000/- and any amount thereafter.
2. ICICI Pru BSE Liquid Rate ETF-Growth
ICICI Prudential BSE Liquid Rate ETF aims to provide returns before expenses that correspond to the returns of the BSE Liquid Rate Index, subject to tracking errors. It is available for subscription from March 5 to March 10. The minimum investment amount is Rs. 1000.
3. Samco Large Cap Fund
Samco Large Cap Fund is an open-ended equity scheme predominantly investing in large-cap stocks. It is available for subscription from March 5 and will close on March 19. The minimum amount for application is Rs. 5000 and in multiples of Rs. 1 thereafter.
4. Kotak Nifty Midcap 150 ETF
Kotak Nifty Midcap 150 ETF is an open-ended scheme replicating/tracking the NIFTY Midcap 150 index. It is launching for subscription on March 3 and will close by March 17. The minimum amount for application is Rs. 5000 and any amount after that.
5. Kotak Nifty Midcap 150 Index Fund
Kotak Nifty Midcap 150 Index Fund is an open-ended scheme replicating/tracking the Nifty Midcap 150 Index. It is available for subscription from March 3 to March 17. The minimum amount for application is Rs. 100 and any amount after that.
