Among these three, two are ETF (exchange-traded funds) and one is an index fund.
Groww Nifty 1D Rate Liquid ETF
Groww Nifty 1D Rate Liquid ETF is an open-ended exchange-traded fund that tracks the Nifty 1D Rate Index with relatively low interest rate risk and credit risk scheme. The NFO is open for subscription and will close on September 20.Read also | Silver mutual funds lose up to 8% in three months. Should you buy when the price drops?
The scheme will be based on the Nifty 1D rate index and will be managed by Kaustubh Sule. The minimum application amount is Rs 500. 95-100% will be allotted in tri-party repos, government securities repos, reverse repos and any other similar overnight instruments as may be provided by the RBI and approved by Sebi, and 0-5% in government securities and/or treasury bills with a residual maturity of up to 30 days.
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Motilal Oswal Nifty 500 Momentum 50 ETF
Motilal Oswal Nifty 500 Momentum 50 ETF is an open-ended fund that tracks the Nifty 500 Momentum 50 Total Return Index. The NFO of the scheme is open for subscription and will close on September 18. Also Read | 18 small-cap stocks added by these mutual funds in August. Here’s a breakdown
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 minimum investment amount is Rs 500 and thereafter in multiples of Rs 1. The scheme will allocate 95-100% in Nifty 500 Momentum 50 index constituents and 0-5% in liquid scheme units and money market instruments.
HDFC Nifty LargeMidcap 250 Index Fund
HDFC Nifty LargeMidcap 250 Index Fund is an open-ended fund that tracks and replicates the Nifty LargeMidcap 250 Index (TRI). The NFO will open for subscription on September 20 and close on October 4.
The scheme will be benchmarked against the Nifty LargeMidcap 250 Index (TRI) and will be managed by Nirman Morakhia and Arun Agarwal.
The minimum investment amount will be Rs 100 and any amount thereafter. The scheme will allocate 95-100% to securities included in the Nifty LargeMidcap 250 (TRI) index and 0-5% to debt securities and money market instruments, units of debt schemes of mutual funds.
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