NFO to Open in Next Week :The craze of New Fund Offer (NFO) is increasing among investors. Just as investors want to invest in IPO for profit, similarly, NFO is also being seen as an attraction now. One reason for this is that its performance has been very good in the last few months. Investors investing in it are getting good returns. At the same time, mutual fund companies have also benefited. Seeing this, mutual fund companies are also excited and one after the other NFOs are being launched in the market. Some new fund offers are going to be launched next week as well. There are 5 equity schemes in these.
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Tata Nifty200 Alpha 30 Index Fund
NFO Date : 19 August to 2 September 2024
Tata Mutual Fund is launching its NFO Tata Nifty 200 Alpha 30 Index Fund on 19 August 2024, which will be open for subscription till 2 September 2024. It is an open-ended equity scheme that will invest in large-cap stocks.
One can invest in this New Fund Offer with a minimum amount of Rs 5000. There is no lock in period in this. If you redeem within 15 days, then you will have to pay an exit load of 0.25%. The benchmark for this NFO is Nifty 200 Alpha 30 TRI.
ITI Large & Mid Cap Fund
NFO Date : 21 August to 4 September 2024
ITI Mutual Fund is launching its NFO ITI Large & Midcap Fund on 21st August 2024, which will be open for subscription till 4th September 2024. It is an open-ended equity scheme which will invest in stocks of largecap and midcap companies.
One can invest in this new fund offer with a minimum amount of Rs 5000. There is no lock in period in this. If you redeem within 3 months, then you will have to pay 0.5 percent exit load. The benchmark for this NFO is NIFTY Large Midcap 250 TRI.
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PGIM India Multi Cap Fund
NFO Date : 22 August to 5 September 2024
PGIM Mutual Fund is launching its NFO PGIM Multicap Fund on 22 August 2024, which will be open for subscription till 5 September 2024. It is an open-ended equity scheme which will invest in stocks of every market cap.
One can invest in this new fund offer with a minimum amount of Rs 5000. There is no lock-in period in this. If you redeem within 90 days, then you will have to pay 0.5 percent exit load. The benchmark for this NFO is Nifty 500 Multicap 50:25:25 TRI.
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Baroda BNP Paribas Dividend Yield Fund
NFO Date : 22 August to 5 September 2024
Baroda BNP Paribas Mutual Fund is launching its NFO Baroda BNP Paribas Dividend Yield Fund on August 22, 2024, which will be open for subscription till September 5, 2024. It is an open-ended equity scheme that will invest in stocks of dividend-paying companies.
One can invest in this new fund offer with a minimum amount of Rs 1000. There is no lock-in period in this. If you redeem within 1 year, then you will have to pay 1 percent exit load. The benchmark for this NFO is NIFTY 500 TRI.
Axis Consumption Fund
NFO Date : 23 August to 6 September 2024
Axis Mutual Fund is launching its NFO Axis Consumption Fund on 23 August 2024, which will be open for subscription till 6 September 2024. It is an open-ended equity scheme, which will invest primarily in consumption stocks.
One can invest in this new fund offer with a minimum amount of Rs 100. There is no lock-in period in this. If you redeem within 12 months, then you will have to pay 1 percent exit load. The benchmark for this NFO is NIFTY India Consumption TRI.
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Franklin India Ultra Short Duration Fund
NFO Date : 19 August to 28 August 2024
Franklin India Mutual Fund is launching its NFO Franklin India Ultra Short Duration Fund on August 19, 2024, which will be open for subscription till August 28, 2024. It is an open-ended equity, investing in very short duration bonds.
One can invest in this new fund offer with a minimum amount of Rs 5000. There is no lock in period. There is no exit load. The benchmark for this NFO is NIFTY Ultra Short Duration Debt Index AI.
(Source: Value Research)
