Next week, eight new fund offers (NFOs) will be launched by various asset management companies (AMCs). The upcoming NFOs include two debt funds, two sectoral/thematic funds, one dividend yield fund, one small-cap fund, one gold-based fund of funds (FoF), and one hybrid FoF. JioBlackRock Mutual Fund will launch two of these offerings. Here’s a detailed breakdown of the upcoming NFOs.
Upcoming launches
Bank of India Banking & Financial Services Fund will be available for subscription from January 8 to January 22. The minimum investment amount is ₹5,000. Mahindra Manulife Innovation Opportunities Fund will be open for subscription from January 9 to January 23 with a lower minimum investment requirement of ₹1,000. JioBlackRock Low Duration Fund and JioBlackRock Short Duration Fund will be launched from January 8 to January 13.
Additional launches
JioBlackRock Low Duration Fund and JioBlackRock Short Duration Fund will be available for subscription from January 8 to January 13. The minimum investment requirement for both schemes is ₹500. Sundaram Income Plus Arbitrage Active FoF will be open for subscription from January 5 to January 8 with a minimum subscription amount of ₹5,000. Wealth Company Gold ETF FoF will be launched from January 9 to January 23, with a minimum subscription amount of ₹5,000.
Final launches
Kotak Dividend Yield Fund will be available for subscription from January 5 to January 19 with a minimum subscription amount of ₹100. Groww Small Cap Fund will be open for subscription from January 8 to January 22 with a higher minimum subscription amount of ₹500. These upcoming NFOs offer investors an opportunity to diversify their portfolios across different asset classes and sectors.
8 new mutual funds to invest in next week – NewsBytes
8 new mutual funds to invest in next week – NewsBytes
