NFOs next week: Despite continuous ups and downs in the stock market, the confidence of mutual fund investors remains intact. Especially the series of investments in midcap and smallcap funds is continuing, due to which asset management companies (AMC) are launching new new fund offers (NFO). In the first trading week of August also, many new NFOs are going to open for subscription for investors. These include options like banking index fund, Nifty 50 ETFs, REITs and realty index funds, liquid funds of funds (FoFs) and short term debt funds.
If you want to start investing in mutual funds or are planning to add a new fund to your portfolio, then you can keep an eye on these mutual fund NFOs opening between 3 and 7 August.
Kotak Nifty Bank Index Fund
If you want to invest in the banking sector, then this index fund of Kotak AMC can be an option.
Scheme: Kotak Nifty Bank Index Dir-G / Reg-G
Subscription open: 3 August
When it will close: 17 August
Minimum investment: 1,000 rupees
AlphaGrep Liquid Omni FoF
AlphaGrep is bringing its Liquid Fund of Funds (FoF) for low-risk investors.
Scheme: AlphaGrep Liquid Omni FoF Dir-G / Reg-G
Subscription open : 4 August
When it will close: 6 August
Minimum investment : 500 rupees
JioBlackRock Nifty 50 ETF
This NFO of JioBlackRock will track the Nifty 50 index.
Scheme: JioBlackRock Nifty 50 ETF-G
Subscription open: 4 August
When it will close: 11 August
Minimum investment: 500 rupees
Edelweiss Nifty REITs and Realty Index Fund
If you want to invest in the real estate and REITs sectors, then this scheme can be an option for you.
Scheme: Edelweiss Nifty REITs & Realty Index Dir-G / Reg-G
Subscription open: 5 August
When it will close: 19 August
Minimum investment: 100 rupees
Franklin India Short Term Fund
A new short-term fund of Franklin Templeton will also open for those investing in debt funds.
Scheme: Franklin India Short Term Dir-G / Reg-G
Subscription open: 5 August
When it will close: 11 August
Minimum investment: 5,000 rupees
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
