Mutual Fund NFO Update: At present, new mutual fund offers (NFOs) of many major fund houses including HDFC, LIC, Kotak are open for subscription in the market. All these offers are giving investors an opportunity to make new investments in different types of mutual funds. The different categories in which these NFOs are available include index funds, sectoral funds, thematic funds and ETFs.
Existing NFOs and their categories
The 9 mutual funds currently available for subscription in the market belong to 5 different categories. Of these, three NFOs are in the category of Exchange Traded Funds (ETFs), while there is also an index fund, a sectoral fund, a thematic fund and a Fund of Funds (FoF) investing in the domestic market.
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Major NFOs open for subscription
1. Kotak NIFTY Midcap 150 Momentum 50 Index Fund
– Category: Index Funds
– Subscription open till: 3rd October
– This fund provides investors an opportunity to follow the NIFTY Midcap 150 Momentum 50 index.
2. HDFC Nifty LargeMidcap 250 Index Fund
– Category: Index Funds
– Subscription open till: 4th October
– This fund invests in large and midcap companies and provides the benefit of diversification to the investors.
3. LIC MF Manufacturing Fund
– Category: Thematic Funds
– Subscription open till: 4th October
– This fund invests in companies in the manufacturing sector, which support Make in India.
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4. Groww Nifty India Defense ETF and Groww Nifty India Defense ETF FOF
– Category: ETFs and Fund of Funds
– Subscription open till: 4th October
– Both these funds invest in the defense sector and provide investors the benefit of growth in this sector.
5. WOC Digital Bharat Fund
– Category: Sectoral Funds
– Subscription open till: 4th October
– This fund invests in digital and technology companies that drive India’s digital growth.
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6. Mirae Asset Nifty PSU Bank ETF
– Category: ETFs
– Subscription open till: 30th September
– This ETF invests in PSU banks and provides investors an opportunity to benefit from the performance of public sector banks.
7. Mirae Asset Nifty Metal ETF
– Category: ETFs
– Subscription open till: 30th September
– This ETF invests in major companies of the metal sector, allowing investors to benefit from the growth of this sector.
8. Baroda BNP Paribas Nifty200 Momentum 30 Index Fund
– Category: Index Funds
– Subscription open till: 9th October
– This fund follows the Nifty200 Momentum 30 Index, which invests in the best stocks of mid and large cap companies.
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What is special for investors
– Diversification:All these NFOs give investors an opportunity to invest in different sectors and indexes, thereby reducing the risk.
– Less cost: Index funds and ETFs have low costs, allowing investors to get good returns at low costs.
– Thematic and Sectoral Investments: By investing in specific sectors, investors can invest their capital in growth areas.
All these NFOs are giving investors an opportunity to invest in mutual funds. But investors should decide where to invest according to their financial needs and financial goals. Always keep in mind that investing in mutual funds carries market risks. So, keep in mind your risk-taking ability. Before investing in any fund, do thorough research about it and then take a decision.
(Disclaimer: The purpose of this article is only to provide information, not to recommend investment. Take any investment decision only after consulting your investment advisor.)
