Mutual Fund Update: List of NFOs open for subscription this week
This week there are four mutual funds open for subscription. All four schemes are open-ended. Also, all these new mutual funds are offering different schemes. However, they do not assure that the investment objective of the same will be achieved.
The table below lists down the funds that are open for subscription:
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Scheme Name
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Type
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Category
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Launch Date
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Closure Date
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Objectives of the scheme (as per AMFI)
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ICICI Prudential S&P BSE 500 ETF FOF
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Open-ended
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Other Scheme-FoF Domestic
|
12th Nov 2021
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26th Nov 2021
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ICICI Prudential S&P BSE 500 ETF FOF (the Scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of underlying scheme - ICICI Prudential S&P BSE 500 ETF.
|
|
IDFC Multi Cap Fund
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Open-ended
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Equity Scheme-Multi cap Fund
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12th Nov 2021
|
26th Nov 2021
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The Fund seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap, small cap stocks.
|
|
IIFL Quant Fund
|
Open-ended
|
Equity Scheme-Sectoral/Thematic
|
8th Nov 2021
|
22nd Nov 2021
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The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and equity related securities selected based on quant theme.
|
|
Quant Value Fund
|
Open-ended
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Equity scheme-Value Fund
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10th Nov 2021
|
24th Nov 2021
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The primary investment objective of the scheme is to seek to achieve capital appreciation in the long-term by primarily investing in a well-diversified portfolio of value stocks. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations.
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