These 10 funds span eight different categories: two index funds, sector funds, dividend yield, large and mid-cap, multi-asset allocation, multi-cap, ultra-short duration and one ETF.
Tata Nifty200 Alpha 30 Index Fund
Tata Nifty200 Alpha 30 Index Fund is an open-ended fund that tracks the Nifty200 Alpha 30 Index (TRI). NFO subscription for this fund is open and will close on September 2.
The scheme will be benchmarked against the Nifty200 Alpha 30 Index (TRI) and will be managed by Kapil Menon. The minimum application amount is Rs 5,000, with subsequent investments in multiples of Rs 1. The scheme will invest 95-100% in securities included in the Nifty200 Alpha 30 Index and 0-5% in debt or money market instruments, including TRI units. mutual funds.
Franklin India Ultra Short Duration Fund
Franklin India Ultra Short Duration Fund is an open-ended ultra-short-term debt fund that invests in instruments with a Macaulay duration of 3-6 months. It aims to offer relatively low interest rate risk and moderate credit risk. The fund is open for subscription and will close on August 28.
The scheme will be managed by Rahul Goswami and Pallab Roy and will be benchmarked against the Nifty AI ultra-short duration debt index. The minimum application amount for a new purchase is Rs 5,000, while the minimum amount for a systematic investment plan (SIP) is Rs 500.
Multi-asset allocation fund of the European Union
The Union Multi Asset Allocation Fund is an open-ended scheme that invests in equity, debt, gold and/or silver. The scheme will open for subscription on August 20 and close on September 3.
The scheme will be based on 65% Nifty 50 TRI index + 20% CRISIL Short Term Bond Fund index + 15% domestic gold price and will be managed by Hardick Bora, Sanjay Bembalkar and Anindya Sarkar. The minimum investment amount is Rs 1,000 and thereafter in multiples of Rs 1. The scheme will allocate 65-80% to equity and equity-related instruments, 10-25% to debt and money market instruments including units of debt-oriented mutual fund schemes, 10-25% to gold ETF units, 0-10% to silver ETF units and 0-10% to units issued by REITs and InvITs.
Nippon India Nifty 500 Equal Weighted Index Fund
The Nippon India Nifty 500 Equal Weight Index Fund is an open-ended fund that tracks and replicates the Nifty 500 Equal Weight Index. The fund will open for subscription on August 21 and close on September 4.
The scheme will be benchmarked against the Nifty 500 Equal Weight TRI index and will be managed by Himanshu Mange. The minimum investment amount is Rs 1,000 and thereafter in multiples of Rs 1. 95-100% will be allocated in securities constituting the Nifty 500 Equal Weight index and 0-5% in cash and cash equivalents and money market instruments and/or schemes investing in money market securities or liquid schemes.
IN Large and mid-cap funds
The ITI Large & Mid Cap Fund is an open-ended equity scheme that invests in both large-cap and mid-cap stocks. new fund offering (NFO) will open for subscription on August 21 and close on September 4.
The scheme will be based on the Nifty large-midcap 250 (TRI) index. The scheme will be managed by Vishal Jajoo and Rohan Korde. The minimum investment amount is Rs 5,000 and thereafter in multiples of Rs 1. The scheme will allocate 70-100 per cent to equity and equity-related instruments of large- and mid-cap companies, 0-30 per cent to debt and money market instruments, and 0-10 per cent to units issued by REITs and InvITs.
Bandhan BSE Healthcare Index Fund
The Bandhan BSE Healthcare Index Fund is an open-ended fund that tracks the BSE Healthcare Index. The NFO will open for subscription on August 21 and close on September 3.
The scheme will be benchmarked against the BSE Healthcare TRI and managed by Nemish Sheth. The minimum investment amount is Rs 1,000, with subsequent investments in multiples of Rs 1 for lump sum investments. For SIP, the minimum amount is Rs 100, with subsequent investments in multiples of Rs 1, and a minimum of six instalments.
The scheme will allocate 95-100% of its assets to securities included in the Bandhan BSE Healthcare Index (including equity and derivatives of the index) and 0-5% to debt and money market instruments.
BNP Paribas Baroda Dividend Fund
The Baroda BNP Paribas Dividend Yield Fund is an open-ended equity fund that invests primarily in dividend-yielding stocks. The new fund offer (NFO) will open for subscription on 22 August and close on 5 September.
The scheme will be benchmarked against the Nifty 500 TRI index and will be managed by Shiv Chanani and Miten Vora. The minimum investment amount for a lump sum investment is Rs 1,000, with subsequent investments in multiples of Rs 1. For systematic investment plans (SIPs), the minimum amount is Rs 500, with subsequent investments in multiples of Rs 1.
The scheme will allocate 65-100% of its assets to equity and equity-related instruments of dividend-paying companies, 0-35% to equity and equity-related instruments of non-dividend-paying companies, 0-10% to units issued by REITs and InvITs, 0-35% to debt and money market instruments and fixed-income derivatives, and 0-10% to units of domestic mutual fund schemes.
The Nifty India Defence Groww ETF is an open-ended scheme that tracks the Nifty India Defence-TRI index. The new fund offer (NFO) will open for subscription on August 22 and close on September 5.
The scheme will be benchmarked against the Nifty TRI index and managed by Abhishek Jain. The minimum investment amount is Rs 500, with subsequent investments in multiples of Rs 1.
The scheme will allocate 95-100% of its assets to constituents of the Nifty India Defence Index and 0-5% to money market instruments, debt securities and/or units of debt/liquid schemes of domestic mutual funds.
PGIM India Multi-Cap Fund
PGIM India Multi Cap Fund is an open-ended investment scheme that invests in large, mid and small cap stocks. The public offer for the scheme will open for subscription on August 22 and close on September 5.
The scheme will be benchmarked against the Nifty 500 Multicap 50:25:25 TRI index and will be managed by Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta and Puneet Pal. The minimum investment amount is Rs 5,000 and thereafter in multiples of Rs 1. The scheme will allocate 75-100 per cent to equity and equity related securities, 0-25 per cent to debt and money market securities (including TREPS (Tri-Party Repo), Reverse Repo), 0-10 per cent to units issued by REITs and InvITs and 0-20 per cent to foreign securities including foreign ETFs.
Axis Consumer Fund is an open-ended equity fund focused on consumption. The NFO will open for subscription on August 23 and close on September 6.
The scheme will be benchmarked against the Nifty India Consumption TRI index and will be managed by Shreyash Devalkar, Hitesh Das and Krishnaa Narayan. The minimum application amount is Rs 100 and thereafter in multiples of Rs 1. The scheme will allocate 80-100 per cent in equity and equity-related instruments of companies engaged in consumer and consumption-related or allied sectors, 0-20 per cent in other equity and equity-related instruments, 0-20 per cent in debt and money market instruments and 0-10 per cent in units issued by REITs and InvITs.
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