Mutual Funds New Fund Offer: These days many mutual fund companies are coming out with their New Fund Offers (NFO) in the market. The reason behind this is that like IPO, the craze for NFO is also increasing among investors. Through NFO, a mutual fund company i.e. asset management company sells units in a new scheme to investors for the first time. During the NFO period, investors can purchase units of that mutual fund scheme at the face value, which is usually fixed at Rs 10 per unit. The objective of NFO is to raise funds from investors to invest in a specific asset class or sector. If you are also looking for such a scheme for investment, then there are many options next week. Next week, some mutual fund houses are coming up with their new schemes, while some NFOs are already open for public subscription.
SIP Topper: This scheme of HDFC MF is at the forefront in giving returns, SIP of Rs 5000 became Rs 8.5 crore, money increased 355 times on lump sum.
SBI Quant Fund
NFO Open Date: December 4, 2024
NFO closing date: December 18, 2024
Category: Thematic
Minimum investment: Rs 5000
Lock in period: none
Exit Lead: 0.5% if redeemed before 6 months
Riskometer: Very High
Benchmark : BSE 200 TRI
Bajaj FinSrv Healthcare
NFO Open Date: December 6, 2024
NFO closing date: December 20, 2024
Category : Equity Sectoral Pharma
Minimum investment: Rs 500
Lock in period: none
Exit Lead: 1% if redeemed before 3 months
Riskometer: Very High
Benchmark : BSE Healthcare TRI
SIP Winner: HDFC MF’s biggest scheme became SIP winner on the basis of big shares, how much monthly investment had to be made for 10 crore fund
Samco Multi Asset Allocation
NFO Open Date: December 4, 2024
NFO closing date: December 18, 2024
Category: Hybrid Multi Asset Allocation
Minimum investment: Rs 5000
Lock in period: none
Exit Lead: 1% if redeemed before 12 months
Riskometer: Very High
Benchmark: NIFTY 50 TRI (65), CRISIL Short-Term Bond Index (20), Domestic Price of Gold (10), Domestic Price of Silver (5)
These NFOs are open for public subscription
Bank of India Consumption
Investments can be made in Bank of India Consumption Fund till 13 December 2024. This NFO has opened on 29 November 2024. The minimum application amount in this fund in the equity thematic consumption category is Rs 5000. There is no lock-in period, while there is a 1% exit load for redemption before 12 months. The benchmark of this fund is NIFTY India Consumption TRI.
ICICI Prudential Equity Minimum Variance Fund
You can invest in ICICI Prudential Equity Minimum Variance Fund till December 2, 2024. This NFO has opened on 18 November 2024. The minimum application amount in this fund belonging to equity thematic category is Rs 5000. There is no lock-in period, while the exit load for redemption before 12 months is 1%. The benchmark of this fund is NIFTY 50 TRI. This scheme invests in shares of those companies which are less affected by market fluctuations.
Smart SIP: Make your SIP investment a little smarter, then see for yourself the wonders, your targets will be achieved quickly with more benefits.
DSP Business Cycle Fund
You can invest in DSP Business Cycle Fund till 11 December 2024. This NFO has opened on 27 November 2024. The minimum application amount in this fund belonging to equity thematic category is Rs 100. There is no lock-in period, whereas there is an exit load of 0.5% on redemption within 10 months. The benchmark of this fund is NIFTY 500 TRI.
Franklin India Long Duration
You can invest in Franklin India Long Duration Fund till December 5, 2024. This NFO has opened on 20 November 2024. The minimum application amount in this fund in debt long duration equity thematic category is Rs 5000. There is no lock-in period, exit load is also zero. The benchmark of this fund is CRISIL Long Duration Debt A-III Index.
HDFC Nifty India Digital Index Fund
You can invest in HDFC Nifty India Digital Index Fund till 6 December 2024. This NFO has opened on 22 November 2024. The minimum application amount in this fund belonging to Equity Sectoral Technology category is Rs 100. There is no lock-in period, exit load is also zero. The benchmark of this fund is Nifty India Digital TRI.
Best SIP Return: Top smallcap fund with high rating, made Rs 5 crore from SIP of Rs 10 thousand, left behind the giants in giving returns
Invesco India Multi Asset Allocation
You can invest in Invesco India Multi Asset Allocation Fund till 11 December 2024. This NFO has opened on 27 November 2024. The minimum application amount in this fund with hybrid multi asset allocation category is Rs 1000. There is no lock-in period, while the exit load for redemption before 12 months is 1%. The benchmark of this fund is NIFTY 200 TRI (60), CRISIL 10-Year Gilt (30), Domestic Price of Gold (5), Domestic Price of Silver (5).
Motilal Oswal Nifty Capital Mkt Index
Investments can be made in Motilal Oswal Mutual Fund, NFO of Motilal Oswal Asset Management Company, till December 10, 2024. This NFO has opened on 26 November 2024. The minimum application amount in this fund belonging to equity thematic category is Rs 500. There is no lock-in period, while the exit load is 1% if redeemed 15 days in advance. The benchmark of this fund is Nifty Capital Markets TRI.
Tata BSE Select Business Groups Index
Investments in Tata BSE Select Business Groups Index Fund can be made till December 9, 2024. This NFO has opened on 27 November 2024. The minimum application amount in this fund belonging to equity thematic category is Rs 5,000. There is no lock-in period, while the exit load for redemption before 15 days is 0.25%. The benchmark of this fund is BSE Select Business Groups TRI.
Axis Momentum
You can invest in Axis Momentum Fund till 6 December 2024. This NFO has opened on 22 November 2024. The minimum application amount in this fund belonging to equity thematic category is Rs 100. There is no lock-in period, while the exit load for redemption before 12 months is 1%. The benchmark of this fund is NIFTY 500 TRI.
(Disclaimer: The purpose of this article is only to provide information, it is not an advice to invest in any scheme. Take any investment decision only after getting complete information about the scheme and taking the opinion of your investment advisor.)