Mutual Fund Update: List of NFOs open for subscription this week
This week there are nine mutual funds open for subscription. All schemes are open-ended except one, which is a closed-ended fund. Also, all these new mutual funds are offering different schemes. Out of nine schemes offered four are ETFs, three are equity schemes and the remaining two are income and FoF schemes. However, do remember that they do not assure the investment objective of the same will be achieved.
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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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Axis Multicap Fund
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Open-ended
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Equity Scheme-Multi Cap Fund
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26th Nov 2021
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10th Dec 2021
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To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization.
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DSP Nifty 50 ETF
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Open-ended
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Other Scheme-Other ETFs
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6th Dec 2021
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17th Dec 2021
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The scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (NIFTY 50 index), subject to tracking errors.
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DSP Nifty Midcap 150 Quality 50 ETF
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Open-ended
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Other Scheme-Other ETFs
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6th Dec 2021
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17th Dec 2021
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The scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (Nifty Midcap 150 Quality 50 Index), subject to tracking errors.
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BHARAT Bond ETF - April 2032
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Open-ended
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Other Scheme-Other ETFs
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3rd Dec 2021
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9th Dec 2021
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The investment objective of the scheme is to track the Nifty BHARAT Bond Index – April 2032 by investing in bonds of AAA-rated CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors.
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BHARAT Bond ETF FOF - April 2032
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Open-ended
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Other Scheme-FoF Domestic
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3rd Dec 2021
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9th Dec 2021
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BHARAT Bond ETF FOF - April 2032 is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT Bond ETF – April 2032.
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HDFC Multi Cap Fund
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Open-ended
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Equity Scheme-Multi Cap Fund
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23rd Nov 2021
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7th Dec 2021
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To generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.
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ICICI Prudential Midcap 150 Index Fund
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Open-ended
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Equity Scheme-Mid Cap Fund
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3rd Dec 2021
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17th Dec 2021
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The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors.
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Kotak Nifty Alpha 50 ETF
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Open-ended
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Other Scheme-Other ETFs
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1st Dec 2021
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15th Dec 2021
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The investment objective of the scheme is to replicate the composition of the NIFTY Alpha 50 Index and to generate returns that are commensurate with the performance of the NIFTY Alpha 50 Index, subject to tracking errors.
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SBI Fixed Maturity Plan (FMP) - Series 56 (1232 Days)
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Close-ended
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Income
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6th Dec 2021
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15th Dec 2021
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The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme.
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