Snow flower Nifty Bank ETFBandhan Nifty Midcap 150 Index Fund, Franklin India Medium to Long Duration Fund, Invesco India Technology FundMotilal Oswal Nifty 500 Momentum 50 Index Fund and HSBC India Export Opportunities Fund will open for subscription later this week.
Among these nine funds, five are index fundsand one each is a medium to long duration fund, a sector fund, a thematic fund and an ETF.
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Kotak Nifty India Tourism Index Fund
Kotak Nifty India Tourism Index Fund is an open-ended scheme that tracks the Nifty India Tourism Index. new fund offering either NFO The scheme is open for subscription and will close on September 16. The scheme will be benchmarked against the Nifty India Tourism Index (total return index). The scheme will be managed by Devender Singhal, Satish Dondapati and Abhishek Bisen. The scheme will allocate 95-100% to equity and equity-related securities covered by the Nifty India Tourism Index and 0-5% to debt/money market instruments.
UTI Nifty200 Quality 30 Index Fund
UTI Nifty200 Quality 30 Index Fund is an open-ended scheme that tracks the Nifty200 Quality 30 TRI. The scheme is open for subscription and will close on 16th September.
The scheme will be benchmarked against the Nifty200 Quality 30 TRI index and will be managed by Sharwan Kumar Goyal.
The scheme will allocate 95-100% in equity and equity-related securities of companies constituting the Nifty200 Quality 30 index and 0-5% in debt/money market instruments, including tri-party repos on government securities or treasury bills and units of liquid mutual funds.
UTI Nifty Private Banking Index Fund
UTI Nifty Private Bank Index Fund is an open-ended scheme that replicates/follows the TRI model of Nifty Private Bank. The scheme is open for subscription and will close on 16th September.
The scheme will be benchmarked against Nifty Private Bank’s TRI and will be managed by Sharwan Kumar Goyal.
The scheme will allocate 95-100% in equity and equity-related securities of companies constituting the Nifty Private Bank Index and 0-5% in debt/money market instruments, including tri-party repos on government securities or treasury bills and units of liquid mutual funds.
Edelweiss Nifty Banking ETF
The Edelweiss Nifty Bank ETF is an open-ended exchange-traded fund that tracks the Nifty Bank Total Return Index. The new fund offer or NFO of the fund will open for subscription on September 3 and close on September 6.
The scheme will be benchmarked against Nifty Bank’s TRI and will be managed by Bhavesh Jain.
The scheme will allocate 95-100% in Nifty Bank Index covered securities and 0-5% in money market instruments, cash and cash equivalents and/or liquid scheme units.
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Bandhan Nifty Midcap 150 Index Fund
Bandhan Nifty Midcap 150 Index Fund is an open-ended fund that tracks the Nifty Midcap 150 index. The new fund offer or NFO of the fund will open for subscription on September 3 and close on September 13.
The scheme will be benchmarked against the Nifty Midcap 150 TRI index and will be managed by Nemish Sheth.
The scheme will allocate 95-100% in securities belonging to the Nifty Midcap 150 index (including equity and index derivatives) and 0-5% in debt and money market instruments.
Franklin India Medium and Long Duration Fund
Franklin India Medium to Long Duration Fund is an open-ended medium-term debt scheme that invests in instruments such that the Macaulay duration of the portfolio is between 4-7 years with relatively high interest rate risk and relatively moderate credit risk. The new fund offer or NFO of the scheme will open for subscription on September 3 and close on September 17.
The scheme will be assessed against the CRISIL Medium to Long Duration Debt Index A-III. The scheme will be managed by Chandni Gupta and Anuj Tagra.
The plan will allocate between 0% and 100% in debt and money market instruments, cash and cash equivalents, including government securities.
Invesco India Technology Fund
Invesco India Technology Fund is an open-ended mutual fund that invests in technology and technology-related sectors. The fund’s new fund offer or NNFO will open for subscription on September 3 and close on September 17.
The scheme will be benchmarked against Nifty IT TRI and will be managed by Hiten Jain and Aditya Khemani.
The scheme will allocate 80-100% in equity and equity-related instruments of companies in technology and technology-related sectors, including those benefiting from increased digital adoption, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
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Motilal Oswal Nifty 500 Momentum 50 Index Fund
Motilal Oswal Nifty 500 Momentum 50 Index Fund is an open-ended fund that tracks the Nifty 500 Momentum 50 Total Return Index. The new fund offer or NFO of the scheme will open for subscription on September 4 and close on September 18.
The scheme will be benchmarked against the Nifty 500 Momentum 50 Total Return Index and will be managed by Swapnil Mayekar and Rakesh Shetty.
The scheme will allocate 95-100% in Nifty 500 Momentum 50 index constituents and 0-5% in liquid scheme units and money market instruments.
HSBC India Export Opportunities Fund
HSBC India Export Opportunities Fund is an open-ended equity scheme following the export theme. The new fund offer or NFO of the scheme will open for subscription on September 5 and close on September 19.
The scheme will be benchmarked against the Nifty 500 TRI index and will be managed by Abhishek Gupta and Sonal Gupta.
The plan will allocate between 80% and 100% in equity and equity-related securities of companies that are involved in or expected to benefit from the export of goods or services, between 0% and 20% in other equity and equity-related securities, between 0% and 20% in debt securities and money market instruments (including cash and cash equivalents, liquidity units and overnight deposit units). mutual funds) and 0-10% in REIT and InvIT units.
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