NFOs Alert: 10 Mutual Fund Schemes Launching this Week for Subscription
Are you someone looking to invest in New Fund Offerings (NFOs)? Check out these new mutual fund schemes that are open for subscription this week.
A mutual fund is a company that collects money from many interested investors and invests the money in stocks, bonds and other assets. This helps investors grow their money without having to manage investments on their own.
Launch of 10 Mutual Funds Schemes
1. Bandhan CRISIL – IBX 10:90 Debt + SDL Index – December 2029
Bandhan CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund announced by Bandhan Mutual Fund, is an open-ended target maturity index fund. The fund mainly invests in government securities and state development loans (SDLs). This fund tracks the CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029.
The opening date of this fund for subscription is February 25. The closing date for the subscription is March 5.
2. Mirae Asset BSE 200 Equal Weight ETF FoF
Mirae Asset Mutual Fund launched Mirae Asset BSE 200 Equal Weight ETF FoF, which is an open-ended scheme and will benchmark against BSE 200 Equal Weight TRI.
The opening date of this fund for subscription is February 25. The closing date for subscription of this fund is March 11.
3. Mirae Asset BSE 200 Equal Weight ETF
Mirae Asset BSE 200 Equal Weight ETF launched by Mirae Asset Mutual Fund. This fund is an open-ended scheme tracking BSE 200 Equal Weight TRI.
The opening date of this fund for subscription is February 24. And the subscription will be closed on the date of March 5.
4. Mirae Asset BSE Select IPO ETF
Mirae Asset Mutual Fund launched Mirae Asset BSE Select IPO ETF, which is an open-ended scheme replicating the BSE Select IPO Total Return Index.
The fund is open for subscription on February 24. The closing date for subscription is March 5.
5. Motilal Oswal Active Momentum
Motilal Oswal Mutual Fund has launched the Motilal Oswal Active Momentum Fund, which is an open-ended thematic equity scheme.
The opening date for subscription is February 24. The closing date for subscription is March 10.
6. Mirae Asset BSE Select IPO ETF FoF
Mirae Asset BSE Select IPO ETF Fund of Fund launched by Mirae Asset Mutual Fund, is an open-ended fund of fund scheme investing in units of Mirae Asset BSE Select IPO ETF.
The fund will open for subscription on February 25. The closing date for subscription of this fund is March 11.
7. Franklin India Low Duration Fund
Franklin India Low Duration Fund is launched by Franklin Templeton Mutual Fund. The fund is an open-ended, low-duration debt scheme.
The opening date for subscription of this fund is February 25. The closing date for subscription is March 5.
8. Navi Nifty Smallcap 250 Momentum Quality 100 Index
Navi Mutual Fund has launched a new open-ended growth scheme named Navi Nifty Smallcap 250 Momentum Quality Index Fund.
The fund will open for subscription on February 25 and will close on March 10.
9. WhiteOak Capital Equity Savings Fund
WhiteOak Capital Mutual Fund launches WhiteOak Capital Equity Savings Fund, is an open-ended scheme benchmarked against NIFTY Equity Savings TRI.
The opening date for subscription of this fund is February 25. The closing date for subscription is March 5.
10. Axis Nifty AAA Bond Fin Services-March 2028 Index
Axis Nifty AAA Bond Fin Services-March 2028 Index launched by Axis Mutual Fund. This fund is an open-ended target maturity index fund tracking Nifty AAA Financial Services Bond Mar 2028 Index, which is subject to tracking error.
The fund will open for subscription on February 27 and will close for subscription on March 4.
Should you invest in NFOs?
New fund offerings (NFOs) are cheaper as they are newly launched in the market. NFOs might offer you new investment schemes, but they also carry some risk. Individuals should research the AMC’s reputation and the fund manager’s experience before purchasing any mutual fund scheme. You can also seek help from a financial advisor.
