Mutual Fund Update: List of NFOs open for subscription
This week there are seven mutual funds open for subscription. There are six open-ended schemes and one closed-ended scheme. Out of six open-ended schemes, there are two Fund of Funds and two ETF schemes. And the closed-ended scheme is Fixed Maturity Plans. However, following mutual fund schemes does not assure that the investment objective of the scheme will be achieved.
Following table depicts the list of NFOs:
|
Scheme Name
|
Type
|
Category
|
Open Date
|
Closing Date
|
Minimum Subscription Amount
|
|
Axis Value Fund
|
Open-ended
|
Equity scheme-Value Fund
|
2 September 2021
|
16 September 2021
|
Rs.5000
|
|
Axis ConsumptionETF
|
Open-ended
|
Other Scheme-Other ETFs
|
30 August 2021
|
13 September 2021
|
Rs.5000
|
|
HSBC Mid Cap Fund
|
Open-ended
|
Equity Scheme-Mid Cap Fund
|
6 September 2021
|
20 September 2021
|
Rs.5000
|
|
ICICI Prudential Alpha Low Vol 30 ETF FOF
|
Open-ended
|
Other Scheme-FoF Domestic
|
1 September 2021
|
15 September 2021
|
Rs.1000
|
|
Mirae Asset S&P 500 Top 50 ETF
|
Open-ended
|
Other Scheme-Other ETFs
|
1 September 2021
|
14 September 2021
|
Rs.5000
|
|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
|
Open-ended
|
Other Scheme-FoF Domestic
|
1 September 2021
|
15 September 2021
|
Rs.5000
|
|
Nippon India Fixed Horizon Fund - XLIII - Series 2
|
Closed-ended
|
Income
|
3 September 2021
|
7 September 2021
|
Rs.5000
|